Strengthening the Corporate Structure through a Cost Optimization Project
First written in FY2021-Q1. 3 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2022.
The whole theme swung hardest in 2022: 2 of 17 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As part of its cost-structure reforms, costs declined as a result of consolidating unprofitable stores, reviewing fixed costs such as rent, and optimizing personnel allocation in the previous fiscal year.」
Regarding cost optimization initiatives, the company reported lower costs as a result of consolidating unprofitable stores, reviewing fixed costs, and optimizing personnel allocation. - FY2022-Q2AdvancedAnnual report
「We will continue reducing costs, including through negotiations to lower rents, in order to maximize profit.」
The company specifically identified rent-reduction negotiations as a cost-cutting measure aimed at maximizing profit. - FY2021AdvancedAnnual report
「As an initiative to minimize the impact of COVID-19 on operating performance, we pursued a transformation into a robust organization capable of responding flexibly to changes in the external environment through the cost optimization project. As a result, we achieved steady results, including lower overtime and optimized expenses.」
The company reported results from the cost optimization project, including lower overtime and optimized expenses. - FY2021-Q1First statedAnnual report
「Our group is pursuing a cost optimization project to minimize the impact of COVID-19 on operating performance. We are reviewing personnel expenses and other costs to transform the company into a robust organization capable of responding flexibly to changes in the external environment.」
To mitigate the impact of COVID-19, the company launched a company-wide cost optimization project, including reviews of personnel expenses and other costs.