Production Efficiency and Rationalization

「合理化については、全体的な品種の整理やそれに伴うラインでの集中生産が進み、経費ダウンとなりました。」

「For the company's main aramid fiber products, production for industrial-material applications temporarily increased as inventory adjustments came to an end, but production for protective-clothing applications decreased following the termination of a major product line. Overall production volume decreased 20.2% year on year.」

「The Spinning Business will further promote the development of high-performance fibers and improve production efficiency by strengthening cooperation with business partners and accelerating research and development, while working to improve margins.」

「Production volume decreased from the same period of the previous year due to changes in some product lines, down 4.5% year on year. However, net sales remained at the same level, supported by price revisions implemented since the previous fiscal year and steady orders for protective clothing, the main application for aramid fibers.」

「In the fiscal year under review, the business experienced revenue and profit growth, despite production volume falling short of plan due to customers' inventory adjustments. This was driven by progress on the processing-fee price revisions initiated in the previous fiscal year, which led to improved margins.」

「In the nine months ended 31 December, production volume in the business fell short of the planned level because of the impact of inventory adjustments by customers. However, revenue increased and profit rose substantially as price revisions for processing-fee income, which had been pursued since the previous fiscal year, progressed.」

「In the spinning business, production volume fell short of the planned level because of the impact of inventory adjustments by customers. However, revenue and profit increased as price revisions for processing-fee income, which had been pursued since the previous fiscal year, progressed.」

「The Group will strengthen its operations toward returning to profitability by improving productivity through securing personnel for the spinning business, further expanding sales in the textile business, developing new products in the healthcare business, and strengthening procurement, sales and production in the recycling business. As a result, total production volume in the spinning business for the fiscal year increased 2.6% from the previous fiscal year to 674t.」

「As a result, production volume in the spinning business for the nine months ended 31 December increased 3.18% from the same period of the previous year to 510t. Revenue was ¥259.002 million, up 3.53% year on year, and operating income was ¥822 thousand, down 96.66% year on year.」

「The Group worked to implement thorough infection-control measures and establish production and staffing structures aligned with product demand. Demand, mainly for automotive applications, remained firm, and total production volume in the spinning business increased 5.24% from the same period of the previous year to 342t.」

「Demand for the company’s core aramid fiber products remained strong, particularly for spun yarn for automotive applications. Production volume increased 7% from the preceding consolidated quarter, January to March 2022, to 132t. As demand for spun yarn for premium innerwear also showed signs of recovery, production volume increased 89% from the preceding consolidated quarter to 16t.」

「During the consolidated accounting period, supply and demand improved from the beginning of the period, and total production volume was 656t, up 26.9% from the previous fiscal year. For the fiscal year, the spinning business recorded revenue of ¥329.151 million, up 22.4% from the previous fiscal year, and operating income of ¥22.197 million, compared with an operating loss of ¥22.691 million in the previous fiscal year.」

「Demand for the company’s core aramid fiber products remained strong, particularly for spun yarn for automotive applications. Production volume increased 11.4% from the immediately preceding quarter and 45.1% from the cumulative period of the previous year to 378t. As a result, for the nine months ended 31 December, total spun-yarn production increased 27.4% from the cumulative period of the previous year to 495t, while revenue was ¥250.167 million and operating income was ¥24.689 million.」

「Demand for the company’s core aramid fiber products remained strong, particularly for spun yarn for automotive applications, leading to higher production volume compared with the immediately preceding quarter and the same period of the previous year. As a result, for the six months ended 30 September, the spinning business recorded revenue of ¥170.374 million and operating income of ¥23.623 million.」

「Under these circumstances, while monitoring trends in COVID-19 and changes in the business environment and market conditions after its resolution, the Group will strengthen productivity in the spinning business, develop high-performance spun yarn and sales channels, and expand sales in the textile business through new value-added functions, in an effort to restore performance.」

「While monitoring the impact of COVID-19, the Group will strengthen the production structure for the spinning business, develop its own sales channels for aramid fiber, further expand sales in the textile business, and pursue new businesses beginning with healthcare, in an effort to improve performance.」

「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.」

「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.」

「In the first half, the spinning business secured solid orders, but continued to be unable to achieve planned production volumes because of insufficient personnel to handle production. The staffing issue was resolved in the second half. Capital investment in the spinning business totaled ¥30.358 million, mainly for the maintenance and repair of production equipment.」

「Because order volumes for these core products declined, the company was unable to fill its production capacity sufficiently, resulting in lower revenue.」

「Orders remained firm, particularly for high-value-added spun yarn products such as the company’s core aramid fiber products and yarn for high-performance innerwear. The company is urgently working to handle multi-product, small-lot production, and its effects are gradually emerging, but the impact of smaller order lots was substantial, preventing efficient production.」

「Conditions remained difficult because material costs, including those for corrugated cardboard, and machinery-part maintenance costs increased, while orders became increasingly fragmented into more product varieties and smaller lots, preventing efficient production. For its production structure, the company will consider measures to handle multi-product, small-lot production and further improve productivity, and will work to establish an efficient production structure.」

「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.」

「Order volumes were relatively steady from October through December, but soaring material and component costs and difficulties securing labor prevented the company from producing efficiently and securing earnings.」

「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.」

「Because orders for regular polyester were expected to decline, the company determined that it would be difficult to maintain the desired order volume and revised its production structure. In addition, because it could not arrange raw materials in time for spun yarn for high-performance innerwear and was unable to produce efficiently relative to order volumes, production volume declined 7.3% from the same quarter of the previous year, despite continued strong performance by aramid fiber, the core product in the industrial materials field.」

「Capital investment for the period was made with the objectives of improving the quality of new and high-value-added products, maintaining and enhancing competitiveness, and rationalizing operations. Capital investment in the textile business totaled ¥14.980 million, mainly for the maintenance and repair of production equipment.」

「This fiscal year, production volume increased 17% year on year, while net sales increased 14.1% year on year.」

「This fiscal year, we set increases in staffing and production volume as targets and worked to establish a production expansion system. Together with the increase in order volume, this enabled us to operate some production areas on a rotating basis. Production volume increased 16.6% year on year, while net sales increased 14.3%.」

「Having set an increase in production volume as a target from the previous fiscal year and worked to establish a production expansion system, we increased production volume by 13.2% year on year and increased net sales by 15.9% year on year.」

「In the first half, production efficiency declined because of an increase in short-lead-time products and blended yarns made from difficult-to-process materials, preventing the company from increasing production as planned. However, in October 2016 it partially revised its production structure, and a system for increasing production is gradually being established.」

「The textile business will continue to pursue greater efficiency and rationalization and improve profitability. Specifically, it will further improve the efficiency of its multi-product, small-lot production system and work to establish a system for increasing production.」

「The textile business will continue to pursue greater efficiency and rationalization and improve profitability. Specifically, it will further improve the efficiency of its multi-product, small-lot production system and work to establish a system for increasing production.」

「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.」

「The urgent issues for the textile business are to further improve production efficiency and rationalize operations in order to improve profitability.」