Reduction in Manufacturing Costs and Selling, General and Administrative Expenses
First written in FY2017-Q1. 6 of 23 entries say "Restated". Latest entry: FY2026.
26 other companies' latest entry also says "Other".
- FY2026Profit target missed due to higher costs and insufficient price pass-throughAnnual report
「In addition, due partly to soaring labor and electricity costs, the company failed to generate the level of profit it had planned.」
Although the company advanced price revisions and efficiency improvements at manufacturing sites, higher labor and electricity costs caused the spinning business to swing from operating profit of ¥2.195 million in the previous year to an operating loss of ¥3.953 million. - FY2025AdvancedAnnual report
「Revenue remained at the same level, owing to price revisions implemented from the previous fiscal year and steady orders for protective clothing, the main application for aramid fibre.」
The company continued price revisions and maintained the spinning business's sales level by combining them with orders for protective clothing. However, higher labor and electricity costs prevented profit from reaching the planned level. - FY2024AdvancedAnnual report
「The Group advanced selling-price revisions in response to higher costs, efficiency improvements at manufacturing sites, and the development of new customers and suppliers, while strengthening and developing the foundations of its existing businesses and improving profitability in its new recycling business.」
Following continued price revisions, efficiency improvements at manufacturing sites and new customer development, the spinning business reported operating profit of ¥21.812 million, the textile business ¥60.13 million, and the healthcare business ¥1.379 million. - FY2024-Q3AdvancedAnnual report
「In this environment, our group pursued selling-price revisions to address rising costs, greater efficiency at manufacturing sites, and the development of new customers and suppliers.」
Following continued price revisions and efficiency improvements at manufacturing sites, the spinning business reported operating profit of ¥17.5 million and the textile business ¥41.502 million, with measures to address higher costs accompanied by profit improvements in each business. - FY2024-Q2AdvancedAnnual report
「In this environment, our group is pursuing selling-price revisions to address rising costs, greater efficiency at manufacturing sites, and the development of new customers and suppliers.」
As measures to address higher costs, the company advanced price revisions and efficiency improvements at manufacturing sites. The spinning business reported operating profit of ¥11.598 million, while the textile business reported operating profit of ¥22.122 million. - FY2024-Q1AdvancedAnnual report
「The Group is advancing selling-price revisions in response to higher costs, efficiency improvements at manufacturing sites, and the development of new customers and suppliers. In the spinning business, production volumes fell short of plan due to the impact of inventory adjustments by customers, but sales are trending upward as price revisions progressed. As a result, in the first-quarter cumulative consolidated period, the spinning business reported revenue of ¥96.124 million, up 12.4% year on year, and operating profit of ¥3.741 million, up 1,319.2% year on year.」
The company advanced price revisions and efficiency improvements at manufacturing sites in response to higher costs, and the spinning business reported higher revenue and operating profit than in the same period of the previous year. - FY2023Price pass-through failed to keep pace with higher costs, pressuring profitabilityAnnual report
「The pass-through of higher costs through selling price revisions failed to keep pace with the sharp rise in costs, and temporary declines in production and sales volumes in the recycling business also prevented the deficit from narrowing compared with the previous consolidated fiscal year.」
Although selling prices were revised, the company was unable to absorb the sharp rise in costs, preventing an overall reduction in the deficit. - FY2023-Q3Price pass-through progressed partially but did not offset higher costsAnnual report
「Although some product price revisions were made in response to higher costs, they were insufficient to cover the entire increase.」
The company implemented some product price revisions in response to higher costs, but this did not sufficiently cover the increase. - FY2023-Q2Price revisions became urgent in response to higher energy pricesAnnual report
「Profitability was affected by a significant rise in energy prices, making revisions to selling prices an urgent priority.」
In addition to existing production-efficiency and cost-management measures, the company made revisions to selling prices an urgent priority in response to the significant rise in energy prices. - FY2023-Q1RestatedAnnual report
「Against this backdrop, the Group continued to implement measures to prevent the spread of infectious diseases and, amid firm demand for its products, promoted a production system aligned with higher purchase prices and manufacturing expenses and with the supply-demand balance for its products,」
Profit-improvement measures based on a production system aligned with the supply-demand balance for products are continuing amid higher purchase prices and manufacturing expenses. - FY2021-Q2RestatedAnnual report
「While monitoring trends in COVID-19 and changes in the business environment and market conditions after its resolution, the company is strengthening productivity in the spinning business, developing new spun-yarn products and sales channels, expanding sales in the textile business through new value-added functions, and pursuing new businesses beginning with healthcare, in an effort to improve performance.」
Profit-improvement measures through stronger productivity, new product development and sales-channel development are continuing. - FY2021-Q1RestatedAnnual report
「The spinning business will strengthen its operations by developing new applications for all types of spun yarn, developing its own sales channels, securing orders for polyester fiber through collaboration with local textile-processing manufacturers, further improving factory yields, and further strengthening cooperation with existing customers.」
Measures to improve profitability through securing orders, developing sales channels, improving factory yields, and strengthening cooperation with existing customers are continuing. - FY2020Efficiency gains failed to translate into higher profitability due to staff shortages, smaller lots and declining ordersAnnual report
「Although orders for industrial materials in the spinning business remained firm, the company was unable to generate the expected profitability as production shifted to smaller lots and more difficult product types, while orders fell sharply due to the end of Olympic-related special demand and a significant slowdown in automobile production.」
The challenges of improving production efficiency were compounded by smaller lots, more difficult product types, staff shortages and a sharp decline in orders, preventing profitability from improving. - FY2020-Q1Profitability pressured by higher material and maintenance costs and the shift to many product types in small lotsAnnual report
「Cost conditions remained difficult as material costs, including cardboard, and maintenance costs for machinery components increased, while the shift toward more product types in smaller lots intensified due to the subdivision of order quantities, preventing efficient production.」
Higher material costs and machinery-component maintenance costs, together with the shift to many product types in small lots, prevented efficient production, and difficult conditions continued. - FY2019Consideration of price pass-through and production rationalization in response to higher costsAnnual report
「Profitability suffered because electricity costs, labor costs and material-related costs increased. Going forward, the company will consider passing higher costs through to prices and further rationalizing production.」
In addition to existing efficiency and cost-management measures, the company identified passing higher costs through to prices and further production rationalization as future measures. - FY2019-Q3Efficiency measures failed to translate into higher profitability due to high costs and labor shortagesAnnual report
「The company struggled with soaring material and component costs and securing labor, preventing it from achieving efficient production and securing profitability.」
Soaring material and component costs and difficulty securing labor prevented efficient production and profitability. - FY2019-Q2Efficiency measures continued amid higher costsAnnual report
「The period began under difficult conditions, including soaring raw-material prices and higher electricity costs. Amid the possibility of a contraction in the polyester business, the company pursued the business while seeking to improve production efficiency and the technical capabilities of each employee.」
In response to rising raw material and electricity costs and the possibility of scaling back the polyester business, the company continued to pursue production efficiency and improvements in technical capabilities. - FY2019-Q1Burden remained after manufacturing cost increases and the review of processing feesAnnual report
「Manufacturing costs, including electricity charges, rose. Although the company reviewed processing fees charged to customers, it was unable to offset the full increase, resulting in a significant burden.」
The company reviewed processing fees charged to customers in response to higher manufacturing costs, including electricity charges, but was unable to offset the entire increase, leaving a residual burden. - FY2018Higher selling, general and administrative expenses; operating profit target missedAnnual report
「Although orders for industrial materials in the textile business remained strong, the company failed to achieve its initial operating profit target of ¥10 million. This was due to higher selling, general and administrative expenses as it opened the Osaka Sales Office in April 2017 and worked to establish its own sales channels for yarn and fabrics, as well as lower production efficiency caused by heavy snowfall in February 2018, which prevented production from reaching planned levels.」
The initial operating profit target was missed due to higher selling, general and administrative expenses following the opening of the Osaka Sales Office and lower production efficiency caused by heavy snowfall. - FY2017RestatedAnnual report
「As the textile business is expected to move further toward a wider variety of products, smaller production lots and more difficult materials, we will promote greater efficiency and rationalization through employee development and the optimal allocation of personnel.」
Profit-improvement measures focused on efficiency and rationalization through personnel allocation and employee development are continuing. - FY2017-Q3RestatedAnnual report
「We are working to improve profitability by implementing thorough cost management, establishing a production system suited to the order environment, developing high-performance yarn together with yarn manufacturers, and seeking new customers.」
Profit-improvement measures based on cost management, establishing a production system, developing high-performance yarn, and seeking new customers are continuing. - FY2017-Q2RestatedAnnual report
「We are working to improve earnings by implementing thorough cost controls, establishing a production system aligned with the order environment, developing high-performance yarn together with yarn manufacturers, and exploring new customers.」
Profit-improvement measures, including cost management, are continuing. - FY2017-Q1First statedAnnual report
「To address this situation, the company is working to secure order volumes as an urgent priority while further reducing manufacturing costs, selling, general and administrative expenses, and improving the efficiency of production processes.」
As measures to eliminate material doubt about the going-concern assumption, the company identified reductions in manufacturing costs, selling expenses and general and administrative expenses.