Sony Group Corporation or Manhattan Associates, Inc.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Sony or Manhattan Associates?

In the ever-evolving landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. This analysis delves into the SG&A cost management of two industry giants: Sony Group Corporation and Manhattan Associates, Inc., from 2014 to 2024.

Sony, a leader in electronics and entertainment, has seen its SG&A expenses fluctuate, peaking at approximately 2.16 trillion yen in 2024. Despite a 25% increase over the decade, Sony's strategic investments in innovation and market expansion justify these costs.

Conversely, Manhattan Associates, a supply chain solutions provider, has maintained a more consistent SG&A trajectory. Their expenses grew by about 70% over the same period, reflecting a steady expansion strategy.

While Sony's expenses are significantly higher, their scale and market reach differ vastly from Manhattan's. This comparison highlights the diverse approaches to cost management in different sectors.