Withdrawal from the domestic press parts business, plant reorganization, and head office relocation

「In addition to lower depreciation and rent costs at the Saitama Plant, which closed in February 2018, and lower manufacturing costs resulting from ongoing cost-reduction efforts, profit increased due to higher non-operating income from increased dividends received from overseas subsidiaries.」

「To address these circumstances, the company has pursued the Marujun Restructuring Plan since the fiscal year ended March 2016, transforming its business portfolio by concentrating management resources, selling assets, reducing headcount and consolidating plants to build a lean operating base.」

「To address these circumstances, the company has pursued the Marujun Restructuring Plan since the fiscal year ended March 2016, transforming its business portfolio by concentrating management resources, selling assets, reducing headcount and consolidating plants to build a lean operating base.」

「With the exception of certain hybrid-related parts for Kanto customers, the company will close the Saitama Plant by the end of this year and transfer its production lines to the KamIishizu Plant. The transfer and consolidation of production processes from the Asanishi area to the KamIishizu Plant have been completed, and head-office functions have been relocated to the KamIishizu Plant. The sale of the former head-office building, the plant in the Asanishi area and other real estate not expected to contribute to future business activities has also been completed.」

「To address these circumstances, in accordance with the 丸順 Structural Reform Plan formulated in the previous consolidated fiscal year, we continued during the cumulative first three quarters of the current consolidated fiscal year to transform our business portfolio by concentrating management resources and to build a stronger underlying business structure through asset sales, personnel reductions and plant consolidation. We also withdrew from unprofitable businesses and reduced fixed costs.」

「To address these circumstances, during the cumulative second quarter of the fiscal year the company continued, in accordance with the Marujun Restructuring Plan formulated in the previous fiscal year, to transform its business portfolio by concentrating management resources, sell assets, reduce headcount and consolidate plants to build a lean operating base, while withdrawing from unprofitable businesses and reducing fixed costs.」

「During the cumulative first quarter of the fiscal year, the company continued to transform its business portfolio by concentrating management resources, sell assets, reduce headcount and consolidate plants to build a lean operating base, while withdrawing from unprofitable businesses and reducing fixed costs.」

「In the domestic press-parts business, the company has withdrawn from the low-profit Saitama Plant and the business serving customers in the Kanto region. In the Ogaki area, it is also working to optimize staffing through the introduction of highly efficient welding lines, automated warehouses and other measures.」