Komori
Sundrug (9989) · RiskRestated

Higher personnel expenses, store rents and cashless-payment processing fees

First written in FY2019. 10 of 14 entries say "Restated". Latest entry: FY2027-H1.

14entries
8years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019 – FY2020-Q3RestatedFY2023-Q1 – FY2025-H12019: 220192020: 120202021: 320212022: 320222023: 120232024: 220242025: 020252026: 22026
Same theme, other companies
Rising Utility and Labor Costs in Store OperationsA theme 5 companies write about · 5 as a headwind · 0 as a tailwind

2 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1RestatedAnnual report

    「No new business or other risks arose during the interim consolidated accounting period. In addition, there were no significant changes to the business and other risks described in the previous fiscal year's Annual Securities Report.」

    The company stated that there had been no material change in the risk of higher personnel expenses, store rents and cashless-payment processing fees.
  2. 2026-08-14MitigatedResults

    「キャッシュレス決済が想定を下回って推移したことで、手数料等のコスト負担が軽減され販管費率が計画を0.1pt下回りました。」

    キャッシュレス決済手数料等のコスト負担が想定を下回り、販管費率が計画を下回ったと記載した。
  3. FY2025-H1RestatedAnnual report

    「No new business or other risks arose during the interim consolidated accounting period. In addition, there were no significant changes to the business and other risks described in the previous fiscal year's Annual Securities Report.」

    The company stated that there had been no material change in the risk of higher personnel expenses, store rents and cashless-payment processing fees.
  4. FY2024-Q3RestatedAnnual report

    「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company stated that there had been no material change in the risk of higher personnel expenses, store rents and cashless-payment processing fees.
  5. FY2023RestatedAnnual report

    「Higher utility costs and other expenses resulting from rising energy prices」

    The company reported for the full year both higher utility costs resulting from rising energy prices and expense controls through electronic shelf labels, power-saving measures and other initiatives.
  6. FY2023-Q2RestatedAnnual report

    「Utility costs and other expenses increased as crude oil prices rose, but the company continued to work to contain expenses through group-wide power-saving measures.」

    The company continued to report both higher utility costs and other expenses resulting from higher crude oil prices and expense controls through power-saving measures.
  7. FY2023-Q1RestatedAnnual report

    「Utility costs and other expenses increased as crude oil prices rose, but the company worked to contain expenses by implementing power-saving measures across the group.」

    The company continued to report both higher utility costs and other expenses resulting from higher crude oil prices and expense controls through productivity improvements and power-saving measures.
  8. FY2022WorsenedAnnual report

    「Regarding expenses, we promoted productivity improvements through the introduction of semi-self-service checkout systems and electronic shelf labels, but utility costs and other expenses increased as crude oil prices rose more than expected.」

    While the company advanced productivity improvements and expense reductions, higher utility costs resulting from a greater-than-expected rise in crude oil prices were explicitly reported in the full-year results.
  9. FY2022-Q2RestatedAnnual report

    「During the second quarter consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The company stated that there had been no material change in the risk of higher personnel expenses, store rents and cashless-payment processing fees.
  10. FY2022-Q1RestatedAnnual report

    「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company stated that there had been no material change in the risk of higher personnel expenses, store rents and cashless-payment processing fees.
  11. FY2021WorsenedAnnual report

    「Although the company worked to reduce expenses, including by improving labor productivity through the introduction of semi-self-service checkout systems, selling, general and administrative expenses rose to ¥121.204 billion, up 2.7% year on year, due to higher rent and other costs associated with the accelerated opening of new stores.」

    While the company advanced productivity improvements and expense reductions, higher rent and other costs associated with the accelerated opening of new stores emerged as factors increasing selling, general and administrative expenses.
  12. FY2020-Q3RestatedAnnual report

    「In this industry, the operating environment is becoming increasingly challenging due to rising logistics and labor costs, diversification of sales channels, store-opening and price competition with competitors, and the trend toward larger-scale entry by companies from other industries and M&A transactions.」

    Higher logistics and personnel costs continued to be cited as factors worsening the industry environment.
  13. FY2020-Q1RestatedAnnual report

    「In Japan, too, corporate earnings were affected by concerns over a slowdown in global trade, higher logistics and personnel costs, and other factors, as well as by higher prices following the consumption-tax increase and weakening consumer trends reflecting concerns about retirement living expenses.」

    The impact of higher logistics and personnel costs on corporate earnings continues to be cited as a factor weighing on the domestic economy.
  14. FY2019First statedAnnual report

    「The company was also affected by higher personnel expenses, including higher hourly wages, store rents and fees incurred for cashless-payment services.」

    Higher personnel expenses, store rents and cashless-payment processing fees were cited as having increased selling, general and administrative expenses.
Moved together

"Impact of adverse weather and slowing sales of inbound tourism-related products on drugstore same-store sales" moved the same way as this thread, in the same document, in 2 of its 14 moves.

222★123
  1. ★This thread
  2. 1Impact of adverse weather and slowing sales of inbound tourism-related products on drugstore same-store sales2×
  3. 2Risk of litigation and regulatory action due to dispensing errors or defects in dispensed medicines2×
  4. 3Risk of disruption to operations due to natural disasters, accidents or crime2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Sundrug yet. It last moved in the Results of 2026-08-14: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.