Cost Containment, Cash Securing and Future Earnings Creation by the COVID-19 Response Headquarters
First written in FY2020. 2 of 6 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2022-Q3.
The whole theme swung hardest in 2024: 1 of 10 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「Under these circumstances, the Group, comprising the Company and 19 consolidated subsidiaries, is treating the response to the COVID-19 crisis as its top priority and is pursuing 3 initiatives: (1) stabilizing its financial position, (2) improving profitability and (3) creating future revenue through management reform.」
The Company has reaffirmed its policy of treating the response to the COVID-19 crisis as its top priority and pursuing 3 initiatives: stabilizing its financial position, improving profitability and creating future revenue. - FY2022-Q1ReframedAnnual report
「Under these circumstances, the Group, comprising the Company and 20 consolidated subsidiaries, is treating the response to the COVID-19 crisis as its top priority and is pursuing 3 initiatives: (1) stabilizing its financial position, (2) improving profitability and (3) creating future revenue through management reform.」
The Company's previous response policy of cost-cutting management, securing cash on hand and creating future revenue has been organized as 3 top-priority initiatives for addressing the COVID-19 crisis: "stabilizing the financial position," "improving profitability" and "creating future revenue through management reform." - FY2021-Q3RestatedAnnual report
「Although the Company currently has sufficient on-hand liquidity to meet necessary working capital requirements, it entered into a ¥5 billion commitment line agreement with financial institutions in preparation for a prolonged COVID-19 crisis, thereby further strengthening its financial base.」
As part of its response to the prolonged pandemic, the Company continues to secure sufficient on-hand liquidity, maintain a ¥5 billion commitment line and reduce costs across the Group. - FY2021-Q2AdvancedAnnual report
「Although the Company currently has sufficient on-hand liquidity to meet necessary working capital requirements, it entered into a ¥5 billion commitment line agreement with financial institutions in preparation for a prolonged COVID-19 crisis, thereby further strengthening its financial base.」
As part of its response to the prolonged pandemic, the Company continues to secure on-hand liquidity and funding through a ¥5 billion commitment line. In addition, the Group reduced executive compensation, personnel costs and other controllable costs across the Group. - FY2021-Q1AdvancedAnnual report
「Under these circumstances, the Group, comprising the Company and 21 consolidated subsidiaries, generally suspended operations at its domestic sites during the period covered by the Japanese government's state of emergency declaration, while working to implement thorough cost-cutting management and secure sufficient cash on hand.」
In accordance with the policy of the COVID-19 task force, the Company generally suspended operations at its domestic sites, implemented cost-cutting management and secured cash on hand. In addition, it reduced personnel costs, including executive compensation and bonuses, travel and transportation expenses, advertising expenses and other costs, while securing funding through a ¥5 billion commitment line agreement. - FY2020First statedAnnual report
「As its immediate policy, the Company has designated the following 3 initiatives as high-priority management issues: (1) implementing "immediate revenue improvement measures" based on thorough cost-cutting management; (2) "securing sufficient cash on hand" by ensuring flexible funding sources and curbing investment; and (3) "creating future revenue through management reform" in preparation for the recovery and the post-COVID-19 period.」
On 26 February 2020, the Company established a COVID-19 task force and first set out its policy of prioritizing the health and safety of employees and maintaining employment while pursuing revenue improvement, securing cash on hand and management reform for the post-COVID-19 period.