Rigorous Cost Management and Reduction of Various Expenses

「As order-taking activities focused on profitability, which we have continued to pursue, have steadily taken hold, together with initiatives to improve productivity」

「On the profit front, in addition to increased revenue, profit margins improved as order-taking activities focused on profitability, which have continued since the previous fiscal year, steadily took hold, together with efforts to improve productivity, bringing operating profit to ¥4,737 million, up 77.8% from the previous fiscal year.」

「On the profit front, in addition to increased revenue, the steady results of order-taking activities focused on profitability, which have continued since the previous fiscal year, and improved profit margins resulting from a decline in nonconforming and unprofitable projects brought operating profit to ¥1,180 million, compared with an operating loss of ¥249 million in the same period of the previous year.」

「The situation was extremely challenging due to a combination of declining construction volumes at conventional power plants, which had long been a core business, the impact on costs from soaring prices of materials and equipment and labor costs, and chronic labor shortages.」

「The company recorded an operating loss of ¥249 million, compared with operating profit of ¥1,002 million in the same period of the previous year, due to lower revenue and the higher cost ratio resulting from higher outsourcing costs due to labor shortages, among other factors.」

「On the profit front, operating profit came to ¥2,912 million, up 82.4% year on year, as the cost ratio improved due to increased revenue and the shift to the percentage-of-completion method following the finalization of contract amounts for projects previously accounted for under the cost recovery method.」

「On the profit front, although revenue increased, operating profit came to ¥1,002 million, down 28.9% year on year, due to provisions for contract losses, including rework costs arising from welding defects in the welded joints of the fixed fire-extinguishing system piping at Unit 6 of the Kashiwazaki-Kariwa Nuclear Power Station, and the higher cost ratio resulting from the progress of projects accounted for under the cost recovery method.」

「In terms of profit, operating profit fell 30.9% year on year to ¥376 million because the cost ratio increased due to the progress of projects applying the cost recovery method.」

「Operating profit increased ¥200 million, or 8.1%, above the plan due to efforts to reduce construction costs and thoroughly cut overhead expenses across the Company.」

「In terms of profit, although revenue increased substantially, operating profit rose 26.0% year on year to ¥1,596 million. In addition to recognizing additional rework costs in the first quarter related to welding defects in the fixed fire-extinguishing system piping welds at Unit 7 of the Kashiwazaki-Kariwa Nuclear Power Station, comprising ¥120 million in cost of sales and ¥85 million in extraordinary loss, the Company proceeded with an investigation and verification concerning Unit 6 and determined that rework was necessary. It therefore recognized rework costs related to welding defects in the third quarter.」

「In terms of profit, although revenue increased, operating profit declined to ¥3,158 million from ¥4,104 million in the previous fiscal year, due to the higher proportion of projects with high cost ratios compared with the previous fiscal year, amortization of customer-related assets and other assets associated with the business transfer, and the recording of rework costs related to welding defects at Units 6 and 7 of the Kashiwazaki-Kariwa Nuclear Power Station as provisions for loss on damage compensation and provisions for loss on construction contracts.」

「In terms of profit, although revenue declined, operating profit increased 4.7% from the previous fiscal year to ¥4,104 million, due to improved earnings resulting from thorough cost control and expense reductions, among other measures, as well as the relatively small number of projects with high cost ratios.」

「Although revenue declined, operating profit increased 77.1% year on year to ¥1,590 million and ordinary profit increased 60.9% to ¥1,629 million, due to improved profitability resulting from improvements in construction methods and other factors, as well as the relatively small number of projects with high cost ratios,」

「In terms of profit, in addition to efforts to reduce costs, operating profit increased 194.1% year on year to ¥691 million and ordinary profit increased 131.4% to ¥785 million, partly because relatively few projects had high variable-cost ratios,」

「The status of achievement against the consolidated performance targets for fiscal 2019, the second year of the “Fiscal 2018 Medium-Term Management Plan” (fiscal 2018–fiscal 2020), is as follows. In terms of profit, although revenue declined, operating profit exceeded the plan by ¥500 million, or 15.2%, and ordinary profit exceeded the plan by ¥300 million, or 9.8%, due to improved construction profitability resulting from lower construction costs and the efficient allocation of personnel, as well as thorough reductions in overhead expenses across the Company.」

「Operating profit increased 14.7% from the previous fiscal year to ¥4,822 million, and ordinary profit increased 15.5% to ¥5,031 million, due to improved construction profitability resulting from lower construction costs and the efficient allocation of personnel, as well as thorough reductions in overhead expenses across the Company.」

「In terms of profit, amid declining revenue and a challenging competitive environment, operating profit fell 48.6% year on year to ¥1,179 million, partly due to the deterioration in the cost ratio associated with efforts to expand business domains and other initiatives.」

「Against this backdrop, in April the Company launched a new Medium-Term Management Plan identifying “sustainable growth and expansion through diversification of the earnings structure and maximization of organizational capabilities” as its highest priority. Across the Group, it worked to improve productivity through efficiency gains and cost reductions, strengthen sales capabilities and develop the human resources responsible for these initiatives, while pursuing expansion into new business domains.」

「In terms of profit, although the Company worked to thoroughly reduce costs, operating profit fell to ¥58 million, down 93.6% year on year, and ordinary profit fell to ¥190 million, down 80.9% year on year, due to the decrease in revenue and other factors,」

「The Company will also actively promote the use of information and communications technology (ICT and IoT), robots and other technologies that improve construction productivity, while implementing operational efficiencies and streamlining measures to transform itself into a more resilient company.」

「In terms of profit, the Company worked to improve productivity through the efficient allocation of personnel and reduce costs, among other measures, but」

「To continue winning in competition and to remain the company of choice for customers, the Company is working to strengthen its technical capabilities and human resources while pursuing thorough cost control and higher productivity,」

「In terms of profit, the Company worked to improve productivity through the efficient allocation of personnel and to thoroughly reduce costs, among other measures, but」

「In terms of profit, the Company worked to improve productivity through the efficient allocation of personnel and to thoroughly reduce costs, among other measures, but」

「In terms of profit, the Company worked to thoroughly control costs and reduce overhead expenses, among other measures, with the result that」