Building a solid earnings base and shifting from volume to quality
First written in FY2016. 15 of 38 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-11-13.
The whole theme swung hardest in 2021: 3 of 36 companies on the "Worse" side.
22 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The current fiscal year was the first year of the medium-term management plan “中計86.” Construction business net sales declined in the domestic construction business but increased in the overseas construction business. In terms of earnings, domestic construction business profit declined from the previous fiscal year due in part to the impact of soaring material prices, whereas overseas construction business profit increased due to improved construction profitability resulting from the steady progress of large-scale projects and the acquisition of additional construction work.」
In the first year of “中計86,” consolidated net sales increased by 24.9%, operating profit by 63.8%, ordinary profit by 61.0% and net profit attributable to owners of the parent by 51.0%. While domestic earnings declined, the company cited progress on large-scale overseas projects, the acquisition of additional construction work and improved construction profitability. - FY2026-H1AdvancedAnnual report
「Under these management conditions, our group has carried forward the long-term vision set out when the previous medium-term management plan was formulated and launched the new 3-year medium-term management plan “中計86” this fiscal year, based on the policies of “further improving profitability in the domestic construction business” and “expanding the overseas construction business” to promote management infrastructure reform. Net sales increased by ¥2,116 million from the previous interim consolidated accounting period to ¥55,795 million, up 3.9% year on year. Operating profit was ¥1,946 million, up 9.0% year on year. Ordinary profit was ¥2,185 million, up 13.9%. Interim net profit attributable to owners of the parent was ¥1,682 million, up 17.8%.」
The new medium-term management plan “中計86,” which advances management infrastructure reform, was launched, and the current interim consolidated accounting period saw higher revenue and earnings. The company has not explicitly stated a causal relationship between the performance improvement and the individual measures. - FY2025-H1AdvancedAnnual report
「Against this backdrop, our group has worked to strengthen competitiveness by promoting solution-based sales in the domestic construction business and expand orders for highly profitable renovation projects. In the overseas construction business, the group has expanded its sales coverage by strengthening coordination among domestic and overseas locations to secure stable orders, while also improving earnings through construction rationalisation. The results for the 6-month interim consolidated accounting period were as follows. Net sales increased by ¥2,437 million from the previous interim consolidated accounting period to ¥53,679 million, up 4.8% year on year. Operating profit was ¥1,785 million, up 151.1%. Ordinary profit was ¥1,918 million, up 76.1%. Interim net profit attributable to owners of the parent was ¥1,428 million, up 270.6%.」
While continuing the existing measures, the current interim consolidated accounting period saw higher revenue, and operating profit, ordinary profit and interim net profit attributable to owners of the parent all substantially exceeded the year-earlier levels. - FY2024Full-year decline in revenue; higher operating profit; higher ordinary profit; higher bottom-line profitAnnual report
「Net sales for the current fiscal year decreased by ¥7,043 million from the previous fiscal year to ¥107,415 million, down 6.2% year on year. Operating profit increased by ¥325 million to ¥3,185 million, up 11.4%. Ordinary profit increased by ¥701 million to ¥3,835 million, up 22.4%. Net profit attributable to owners of the parent increased by ¥730 million to ¥2,645 million, up 38.2%.」
For the full fiscal year, net sales declined, while operating profit, ordinary profit and net profit attributable to owners of the parent exceeded the year-earlier levels. - FY2024-Q3Declining revenue; lower operating profit; higher ordinary profit; lower bottom-line profitAnnual report
「Net sales decreased by ¥7,032 million from the year-earlier period to ¥79,623 million, down 8.1% year on year.……Operating profit was ¥2,377 million, down 4.4%. Ordinary profit was ¥2,822 million, up 5.1%. Quarterly net profit attributable to owners of the parent was ¥1,759 million, down 6.8%.」
Company-wide net sales, operating profit and quarterly net profit attributable to owners of the parent fell below the year-earlier levels, while ordinary profit increased. - FY2024-Q2Declining revenue and earnings continue; overseas revenue and earnings declineAnnual report
「Net sales decreased by ¥5,187 million from the year-earlier period to ¥51,242 million, down 9.2% year on year. Operating profit was ¥711 million, down 67.7%. Ordinary profit was ¥1,089 million, down 55.5%. Quarterly net profit attributable to owners of the parent was ¥385 million, down 79.2%.」
While continuing the measures under “中計83,” company-wide revenue and earnings declined in the 6-month cumulative period of the current fiscal year. The overseas construction business also saw lower revenue and earnings. - FY2024-Q1Decline in revenue and earnings; overseas losses narrowedAnnual report
「Against this backdrop, based on the key measures of the new medium-term management plan “中計83,” our group has worked to improve technical capabilities and productivity through DX, expand orders for renovation and public-sector construction projects, strengthen the development of self-directed personnel, and improve work engagement. The results for the 3-month period of the current fiscal year were as follows. Net sales decreased by ¥614 million from the year-earlier quarter to ¥24,649 million, down 2.4% year on year. Operating profit was ¥361 million, down 24.6%. Ordinary profit was ¥583 million, down 12.2%. Quarterly net profit attributable to owners of the parent was ¥338 million, down 4.7%.」
While continuing the key measures of “中計83,” company-wide net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the year-earlier levels in the first quarter. Although losses in the overseas construction business narrowed, company-wide revenue and earnings declined. - FY2023AdvancedAnnual report
「The current fiscal year was the first year of the medium-term management plan “中計83.” Construction business net sales increased from the previous fiscal year in both the domestic and overseas construction businesses. In terms of earnings, domestic construction business profit declined from the previous fiscal year due in part to the impact of soaring material prices, whereas the overseas construction business returned to profitability for the first time in 3 fiscal years as various restrictions imposed as COVID-19 countermeasures were gradually lifted, socioeconomic activity normalised, and material prices and labour costs stabilised. Consolidated operating profit also returned to profitability.」
In the first year of “中計83,” net sales increased by 18.6%, while consolidated operating profit recovered from an operating loss of ¥840 million in the previous year to ¥2,859 million, and net profit attributable to owners of the parent recovered from a net loss of ¥1,594 million to ¥1,914 million. - FY2023-Q3AdvancedAnnual report
「Against this backdrop, based on the key measures of the new medium-term management plan “中計83,” our group has worked to improve technical capabilities and productivity through DX, expand orders for renovation and public-sector construction projects, strengthen the development of self-directed personnel, and improve work engagement.」
While continuing the measures under “中計83,” the 9-month cumulative period of the current fiscal year produced net sales of ¥86,655 million, operating profit of ¥2,486 million, ordinary profit of ¥2,685 million and quarterly net profit attributable to owners of the parent of ¥1,888 million, representing an improvement from the losses and earnings declines recorded in the year-earlier period. The company has not explicitly stated a causal relationship between the measures and the performance improvement. - FY2023-Q2AdvancedAnnual report
「Against this backdrop, based on the key measures of the new medium-term management plan “中計83,” our group has worked to strengthen technical capabilities, improve productivity through DX, expand orders for renovation projects, and improve construction profits through rigorous profit and loss management, while also developing self-directed personnel and improving work engagement. Net sales increased by ¥15,896 million from the year-earlier quarter to ¥56,429 million, up 39.2% year on year. Operating profit was ¥2,203 million, compared with an operating loss of ¥1,498 million in the year-earlier quarter. Ordinary profit was ¥2,450 million, compared with an ordinary loss of ¥1,437 million. Quarterly net profit attributable to owners of the parent was ¥1,850 million, compared with a quarterly net loss attributable to owners of the parent of ¥1,753 million.」
While advancing the measures under “中計83,” net sales increased by 39.2%, and operating profit, ordinary profit and quarterly net profit attributable to owners of the parent turned from losses in the year-earlier period to profits. The company describes measures including rigorous profit and loss management and improvements in construction profitability. - FY2022WorsenedAnnual report
「The current fiscal year was the final year of the medium-term management plan “中計80,” but the target for construction business net sales, namely at least ¥112.0 billion in the final year, was not achieved because net sales declined from the previous fiscal year in both the domestic and overseas construction businesses. The consolidated operating profit target, namely at least ¥3.2 billion in the final year, was also not achieved because the overseas construction business posted an operating loss as orders declined substantially after the spread of COVID-19, in addition to soaring material prices and higher labour costs.」
In the final year of “中計80,” the targets of construction business net sales of at least ¥112.0 billion and consolidated operating profit of at least ¥3.2 billion were not achieved. Full-year net sales were ¥96,470 million, operating loss was ¥840 million, and net loss attributable to owners of the parent was ¥1,594 million. - FY2022-Q3Revenue decline, operating loss, widening bottom-line lossAnnual report
「Net sales decreased by ¥19,201 million from the year-earlier period to ¥63,507 million, down 23.2% year on year. Operating loss was ¥1,490 million, compared with operating profit of ¥308 million in the year-earlier period. Ordinary loss was ¥1,366 million, compared with ordinary profit of ¥373 million. Quarterly net loss attributable to owners of the parent was ¥1,823 million, compared with quarterly net loss attributable to owners of the parent of ¥728 million.」
While pursuing the key measures of “中計80” and productivity and profitability improvement initiatives, the 9-month cumulative period saw lower revenue, while operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all increased from the year-earlier period. - FY2022-Q2Declining revenue; operating loss and bottom-line loss continueAnnual report
「Against this backdrop, while pursuing “productivity improvement” and “operational efficiency” as key measures of the medium-term management plan “中計80,” our group worked to expand orders for public-sector and renovation projects, with domestic operations progressing smoothly. In Southeast Asian countries where the group operates, however, construction delays caused by local authorities’ restrictions related to the spread of COVID-19, soaring material prices and labour costs, and deteriorating construction profitability on some projects led to a situation in which the full-year forecast was revised downward during the 6-month period of the current fiscal year. Net sales decreased by ¥8,969 million from the year-earlier period to ¥40,644 million, down 18.1% year on year. Operating loss was ¥1,515 million, compared with operating profit of ¥1,101 million in the year-earlier period. Ordinary loss was ¥1,454 million, compared with ordinary profit of ¥1,168 million. Quarterly net loss attributable to owners of the parent was ¥1,759 million, compared with quarterly net profit attributable to owners of the parent of ¥582 million.」
While pursuing productivity improvement and operational efficiency under “中計80” and expanding orders for public-sector and renovation projects, the company was forced to revise its full-year forecast downward due to construction delays and higher costs in Southeast Asia. The cumulative period resulted in lower revenue, an operating loss, an ordinary loss and a bottom-line loss. - FY2022-Q1Lower Revenue, Operating Loss and Net LossAnnual report
「Net sales decreased by ¥744 million from the year-earlier quarter to ¥20,405 million, down 3.5% year on year. Operating loss was ¥2,002 million, compared with operating profit of ¥339 million in the year-earlier quarter. Ordinary loss was ¥1,970 million, compared with ordinary profit of ¥410 million. Quarterly net loss attributable to owners of the parent was ¥2,116 million, compared with quarterly net profit attributable to owners of the parent of ¥43 million.」
While continuing the key measures of “中計80” and productivity improvement initiatives, the first quarter saw lower revenue, and operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all turned negative. - FY2021Full-year decline in revenue and earnings; sharp decline in net profitAnnual report
「While rigorously implementing measures against COVID-19, our group has promoted the key measures of the medium-term management plan “中計80,” which began in the 78th fiscal period, working to expand orders for domestic renovation projects and public-sector construction, improve productivity through ICT technologies and industrialisation, strengthen sales and estimating capabilities overseas, and implement the work-style reforms. As a result, net sales for the current fiscal year decreased by ¥931 million from the previous fiscal year to ¥116,046 million, down 0.8% year on year. Operating profit decreased by ¥2,481 million to ¥1,622 million, down 60.5%. Net profit attributable to owners of the parent decreased by ¥2,563 million to ¥369 million, down 87.4%.」
While continuing the “quality over quantity” policy and measures linked to earnings improvement and productivity enhancement, full-year net sales and operating profit declined, and net profit attributable to owners of the parent also declined substantially. - FY2021-Q3Higher revenue, lower earnings, and a bottom-line lossAnnual report
「Against this backdrop, our group worked to expand orders through technical proposals and improve productivity, while rigorously implementing measures to prevent the spread of COVID-19 and advance construction. However, conditions remained challenging because construction was suspended at some overseas subsidiaries due to lockdowns and restrictions on access to worksites continued even after construction resumed. The results for the 9-month period of the current fiscal year were as follows. Net sales increased by ¥3,977 million from the year-earlier period to ¥82,709 million, up 5.1% year on year. Operating profit decreased by ¥1,938 million to ¥308 million, down 86.3%. Ordinary profit decreased by ¥2,120 million to ¥373 million, down 85.0%. Quarterly net loss attributable to owners of the parent was ¥728 million, compared with quarterly net profit attributable to owners of the parent of ¥1,495 million in the year-earlier period.」
While continuing technical proposals and productivity improvement initiatives, company-wide net sales increased, but operating profit and ordinary profit declined substantially, resulting in a quarterly net loss attributable to owners of the parent. - FY2021-Q2Revenue and profit declineAnnual report
「Against this backdrop, our group has rigorously implemented measures to prevent the spread of COVID-19 while working to advance construction, but construction at some overseas subsidiaries was suspended from April to June due to lockdowns. Even after construction resumed, the effects of labour shortages and restrictions on access to worksites remained, resulting in a situation in which recovery required time. Despite the challenging environment, our group will continue to seek to expand orders through technical proposals and improve productivity, while working to achieve its plan. The results for the 6-month period of the current fiscal year were as follows. Net sales decreased by ¥1,112 million from the year-earlier period to ¥49,613 million, down 2.2% year on year. Operating profit decreased by ¥211 million to ¥1,101 million, down 16.1%. Ordinary profit decreased by ¥274 million to ¥1,168 million, down 19.0%. Quarterly net profit attributable to owners of the parent decreased by ¥237 million to ¥582 million, down 28.9%.」
While continuing to expand orders through technical proposals and improve productivity, net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the year-earlier levels in the 6-month period of the current fiscal year. - FY2021-Q1Higher sales, higher operating income and lower net profitAnnual report
「Against this backdrop, our group has promoted the key measures of the medium-term management plan “中計80,” which began in the previous fiscal year, working to expand orders for domestic renovation projects and overseas projects, strengthen sales coordination between domestic and overseas locations, improve productivity and strengthen sales capabilities through ICT, and implement the work-style reforms promoted jointly by the government and industry. Net sales increased by ¥362 million from the year-earlier quarter to ¥21,149 million, up 1.7% year on year. Operating profit increased by ¥46 million to ¥339 million, up 16.0%. Ordinary profit increased by ¥62 million to ¥410 million, up 18.0%. Quarterly net profit attributable to owners of the parent decreased by ¥104 million to ¥43 million, down 70.7%.」
While continuing the measures under “中計80,” net sales, operating profit and ordinary profit exceeded the year-earlier levels, whereas quarterly net profit attributable to owners of the parent declined substantially. - FY2020Full-Year Revenue and Profit DeclineAnnual report
「Against this backdrop, our group has promoted the key measures of the medium-term management plan “中計80,” which began in the 78th fiscal period, working to expand orders for domestic renovation projects and overseas projects, strengthen sales coordination between domestic and overseas locations, improve productivity and strengthen sales capabilities through ICT, and implement the work-style reforms promoted jointly by the government and industry. As a result, net sales for the current fiscal year decreased by ¥175 million from the previous fiscal year to ¥116,977 million, down 0.1% year on year. Operating profit decreased by ¥1,372 million to ¥4,104 million, down 25.1%.」
While stating that the measures under “中計80” and productivity improvements were being pursued, full-year net sales and operating profit fell below the year-earlier levels. - FY2020-Q3Continued declines in sales and profitsAnnual report
「Against this backdrop, based on the key measures of the medium-term management plan “中計80,” which began in the current fiscal year, our group has worked to expand orders for domestic renovation projects and overseas projects, strengthen sales coordination between domestic and overseas locations, improve productivity through the use of tablet devices and BIM, and improve the workplace environment by encouraging employees to take leave and closing worksites on Saturdays and Sundays, among other measures. Net sales decreased by ¥6,925 million from the year-earlier period to ¥78,732 million, down 8.1% year on year. Operating profit decreased by ¥1,638 million to ¥2,247 million, down 42.2%. Ordinary profit decreased by ¥1,781 million to ¥2,493 million, down 41.7%. Quarterly net profit attributable to owners of the parent decreased by ¥1,444 million to ¥1,495 million, down 49.1%.」
While continuing multiple measures under “中計80,” net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the year-earlier levels in the 9-month period of the current fiscal year. - FY2020-Q2Continued declines in sales and profitsAnnual report
「Against this backdrop, based on the key measures of the medium-term management plan “中計80,” which began in the current fiscal year, our group has worked to expand orders for domestic renovation projects and overseas projects, strengthen sales coordination between domestic and overseas locations, improve productivity through the use of tablet devices and BIM, and improve the workplace environment by encouraging employees to take leave and closing worksites on Saturdays and Sundays, among other measures.……Net sales decreased by ¥6,271 million from the year-earlier period to ¥50,726 million, down 11.0%.……Operating profit decreased by ¥1,619 million to ¥1,312 million, down 55.2% year on year. Ordinary profit decreased by ¥1,806 million to ¥1,442 million, down 55.6%. Quarterly net profit attributable to owners of the parent decreased by ¥1,483 million to ¥819 million, down 64.4%.」
While pursuing renovation, overseas orders, sales coordination between locations, ICT utilisation and workplace environment improvements under “中計80,” net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the year-earlier levels during the cumulative period. - FY2020-Q1Revenue and profit declineAnnual report
「Net sales decreased by ¥5,640 million from the year-earlier period to ¥20,786 million, down 21.3% year on year. Operating profit decreased by ¥760 million to ¥293 million, down 72.2%. Ordinary profit decreased by ¥883 million to ¥347 million, down 71.7%. Quarterly net profit attributable to owners of the parent decreased by ¥730 million to ¥147 million, down 83.2%.」
In the first quarter, revenue, operating income, ordinary income and quarterly net income attributable to owners of the parent were all below the levels of the same quarter of the previous year. - FY2019-Q3AdvancedAnnual report
「Against this backdrop, our group will reliably execute the key measures of the medium-term management plan “中計77,” actively expand solution-based sales in Japan and overseas to increase orders, improve productivity through thorough cost management and the use of advanced ICT technologies such as BIM and tablet devices, and enhance construction earnings. We are also working to improve the workplace environment in line with the government’s work-style reforms. The results for the 9-month period of the current fiscal year were as follows. Net sales increased by ¥12,365 million from the year-earlier period to ¥85,657 million, up 16.9% year on year. Operating profit increased by ¥664 million to ¥3,885 million, up 20.6%. Ordinary profit increased by ¥755 million to ¥4,274 million, up 21.5%. Quarterly net profit attributable to owners of the parent increased by ¥37 million to ¥2,939 million, up 1.3%.」
While continuing the key measures of “中計77,” solution-based sales, cost management, ICT utilisation, productivity improvement and workplace environment improvements, net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent exceeded the year-earlier levels in the 9-month period of the current fiscal year. The company has not explicitly stated a causal relationship between the performance improvement and the measures. - FY2019-Q2AdvancedAnnual report
「Against this backdrop, our group will reliably execute the key measures of the medium-term management plan “中計77,” actively expand solution-based sales in Japan and overseas to increase orders, improve productivity through thorough cost management and the use of advanced ICT technologies such as BIM and tablet devices, and enhance construction earnings. We are also working to improve the workplace environment in line with the government’s work-style reforms. Net sales increased by ¥8,966 million from the year-earlier quarter to ¥56,998 million, up 18.7% year on year. Operating profit increased by ¥819 million to ¥2,932 million, up 38.8%. Ordinary profit increased by ¥940 million to ¥3,248 million, up 40.7%. Quarterly net profit attributable to owners of the parent increased by ¥389 million to ¥2,303 million, up 20.4%.」
While continuing the key measures of “中計77,” solution-based sales, cost management, ICT utilisation and productivity improvement, net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent exceeded the year-earlier levels. The company has not explicitly stated a causal relationship between the performance improvement and the measures. - FY2019-Q1AdvancedAnnual report
「Against this backdrop, our group has worked to reliably execute the key measures of the medium-term management plan “中計77,” which began in the 75th fiscal period, actively expand solution-based sales in Japan and overseas to increase orders, improve construction earnings through thorough cost management and stronger initiatives such as industrialisation and labour saving, improve the workplace environment in line with the government’s work-style reforms, and enhance productivity through the introduction of BIM and tablet devices. Net sales increased by ¥3,857 million from the year-earlier quarter to ¥26,426 million, up 17.1% year on year. Operating profit increased by ¥245 million to ¥1,053 million, up 30.4%. Ordinary profit increased by ¥324 million to ¥1,231 million, up 35.8%. Quarterly net profit attributable to owners of the parent increased by ¥168 million to ¥877 million, up 23.8%.」
While continuing the key measures of “中計77,” solution-based sales, cost management, industrialisation and labour saving, net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the year-earlier levels in the first quarter of the current fiscal year. - FY2018-Q3Continued declines in sales and profitsAnnual report
「Against this backdrop, our group has actively promoted solution-based sales in Japan and overseas and worked to strengthen competitiveness and earnings power, while also pursuing further productivity improvements in view of the work-style reforms promoted by the government. Net sales, comprising ¥72,442 million from the construction business, down 14.4% year on year, and ¥849 million from the real estate and other businesses, up 1.7%, totaled ¥73,291 million, down 14.2%. In terms of earnings, operating profit was ¥3,221 million, down 35.8% year on year, ordinary profit was ¥3,519 million, down 33.5%, and quarterly net profit attributable to owners of the parent was ¥2,902 million, down 36.3%.」
While continuing measures including solution-based sales, earnings enhancement and productivity improvement, net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the year-earlier levels in the 9-month period of the current fiscal year. - FY2018-Q2Revenue and profit declineAnnual report
「Net sales, comprising ¥47,463 million from the construction business, down 15.5% year on year, and ¥568 million from the real estate and other businesses, up 1.6%, totaled ¥48,031 million, down 15.3%. In terms of earnings, operating profit was ¥2,113 million, down 35.3% year on year, ordinary profit was ¥2,308 million, down 27.4%, and quarterly net profit attributable to owners of the parent was ¥1,913 million, down 28.7%.」
In the 6-month period of the current fiscal year, net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the year-earlier levels. - FY2018-Q1Revenue and profit declineAnnual report
「Net sales, comprising ¥22,284 million from the construction business, down 12.2% year on year, and ¥284 million from the real estate and other businesses, up 0.5%, totaled ¥22,568 million, down 12.0%. In terms of earnings, operating profit was ¥807 million, down 25.2% year on year, ordinary profit was ¥906 million, down 7.3%, and quarterly net profit attributable to owners of the parent was ¥708 million, down 24.0%.」
Rather than the “quality over quantity” or earnings enhancement policies themselves, this concerns the company-wide results for the first quarter: net sales, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all fell below the year-earlier levels. - FY2017-Q3AdvancedAnnual report
「Against this backdrop, our group has continued to focus on maintaining and expanding earnings in the near term based on the overarching policy of “quality over quantity,” while building strong competitiveness in Japan and overseas and working to promote solution-based sales and further strengthen technical capabilities and cost competitiveness. Operating profit was ¥5,018 million, up 22.7% year on year, ordinary profit was ¥5,295 million, up 21.3%, and quarterly net profit attributable to owners of the parent was ¥4,557 million, up 45.2%.」
While reiterating the “quality over quantity” policy and measures, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent all exceeded the year-earlier levels in the 9-month period of the current fiscal year. The company has not explicitly stated a causal relationship between the performance improvement and the policy. - FY2017-Q2RestatedAnnual report
「Against this backdrop, our group has continued to focus on maintaining and expanding earnings in the near term based on the overarching policy of “quality over quantity,” while building strong competitiveness in Japan and overseas and working to promote solution-based sales and further strengthen technical capabilities and cost competitiveness.」
The group continues to pursue earnings maintenance and growth based on “quality over quantity,” together with solution-based sales and stronger technical capabilities and cost competitiveness. - FY2017-Q1RestatedAnnual report
「Against this backdrop, based on the medium-term management plan’s overarching policy of “quality over quantity,” our group has focused on maintaining and expanding earnings in the near term while building strong competitiveness as the foundation for future growth, with a view to the future market environment.」
This reiterates the direction of maintaining and expanding earnings based on “quality over quantity” while building future competitiveness. - FY2016First statedAnnual report
「Against this backdrop, to build the “solid earnings base” set out in the previous medium-term management plan, our group has thoroughly implemented the basic policy of “quality over quantity.” In Japan, we have promoted solution-based sales, industrialisation and labour-saving initiatives, while overseas we have worked to strengthen cost management and develop local employees, thereby seeking to enhance earnings power.」
This indicates a policy of strengthening the earnings base by prioritising profitability, productivity and cost management rather than expanding order volume.