Profit Improvement Through Cost Reduction in Plant Construction Projects
First written in FY2023-Q3. 1 of 3 entries say "Raised", first in FY2024-Q1. Latest entry: FY2024-Q2.
0 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「In the transportation sector, business and tourism demand has recovered and momentum for the resumption of capital investment has increased. Although equipment renewal work at substations and renovation work on operations management systems are progressing steadily, net sales remained sluggish due to delays in construction schedules caused by longer lead times for maintenance equipment. As a result, net sales in the transportation business were ¥2,501 million, down 19.5% year on year, while operating profit was ¥46 million, up 4.7% year on year, due to improved profitability in receiving and distribution systems and other areas, as well as strengthened cost management, including cost reductions.」
The Company is reconfirming that it continued to improve profitability in receiving and distribution systems and other areas and strengthen cost reduction and cost management efforts in the transportation business, resulting in a 4.7% year-on-year increase in operating profit despite lower net sales. - FY2024-Q1RaisedAnnual report
「As a result of strengthened cost management, including cost reductions on projects, operating profit was ¥84 million, compared with a profit of ¥1 million in the same quarter of the previous year.」
The profit improvement initiative centred on reducing costs on construction projects was shown as being applied to the transportation business in addition to the plant business. - FY2023-Q3First statedAnnual report
「As a result, net sales in the plant business were ¥8,675 million, down 15.2% year on year, while operating profit was ¥665 million, up 75.2% year on year, due to cost reductions on construction projects and other measures.」
In the plant business, cost reductions on construction projects and other measures were disclosed for the first time as specific initiatives to improve operating profit.