Investor Presentaiton
Expenses
While non-personnel expenses and taxes increased, personnel expenses fell due mainly to lower retirement benefit costs;
expenses remained largely unchanged year-on-year at 52.7 billion yen (down slightly)
The adjusted overhead ratio rose by 1.2 points to 62.9% on a year-on-year basis, due to decreased gross income from core
businesses.
Trends in expenses and adjusted overhead ratio
Breakdown of expenses
(Billion yen)
(Billion yen)
62.5%
62.9%
61.4%
61.7%
Personnel expenses
Adjusted
overhead ratio
+1.2 points
Major factors
YoY change
Retirement benefit expenses -0.4
-0.7
Bonus -0.2
etc.
54.7
53.7
52.7
52.7
28.5
27.8
27.3
26.6
22.1
22.2
22.0
22.5
3.9
3.6
FY2016
FY2017
3.2
FY2018
Personnel
-0.7 billion
Non-personnel
+0.5 billion
Taxes
+0.3 billion
3.5
FY2019
*Adjusted overhead ratio = Expenses/Gross income from core businesses
Non-personnel expenses
Major factors
Expenses related to smartphone app
development, etc. +0.2
Upgrading of business PCs +0.2
Impact of consumption tax increase
+0.2
etc.
YoY change
+0.7
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