Driving cost reductions

「To reduce manufacturing costs, we promoted various measures, including optimizing the allocation between in-house production and outsourcing, reviewing suppliers, improving logistics efficiency and raising productivity, and worked to strengthen cost competitiveness.」

「In addition to expanding rental and installation services, earnings-improvement measures such as optimizing the make-or-buy mix and improving logistics efficiency made steady progress, resulting in continued improvement in profitability.」

「To reduce manufacturing costs, we optimized the allocation between in-house production and outsourcing and implemented a range of measures, including reviewing suppliers, optimizing logistics and improving production efficiency in response to persistently high raw material prices, thereby strengthening cost competitiveness while maintaining a stable supply system.」

「In addition to revenue growth, gross profit for the fiscal year increased by ¥1,620 million from the previous fiscal year to ¥4,418 million, up 57.9% year on year, due to the change in the depreciation period for rental assets from 3 years to 8 years as part of our efforts to expand the rental business, the resulting decrease in depreciation expense, and the ongoing benefits of cost reductions.」

「Depreciation expense decreased after the depreciation period for rental assets was changed from 3 years to 8 years.」

「Although we continue to work to control costs, we have responded sincerely to requests to cooperate in revising transaction prices in response to higher costs at partner companies, in order to maintain sustainable cooperative relationships with them and production capacity for the recovery of supply going forward.」

「Although we continue to work to control costs, we have responded sincerely to requests from partner companies to cooperate in revising transaction prices in response to their higher costs, in order to maintain sustainable cooperative relationships with them and production capacity for the recovery of supply going forward.」

「In materials procurement, we will work to reduce purchasing costs by focusing on measures such as ordering materials in appropriate sizes to improve yield and promoting purchases from multiple suppliers.」

「We also improved employee benefits to enhance employee motivation while working to control costs.」

「With steel prices, a key raw material for our products, rising, we are reviewing selling prices to maintain profitability. We have also worked to control costs while improving employee benefits to enhance motivation. As a result, the operating margin for the three-month period ended 30 June was 12.5%, an improvement of 0.4 percentage points year on year.」

「In materials procurement, we will work to reduce purchasing costs by focusing on measures such as ordering materials in appropriate sizes to improve yield and promoting purchases from multiple suppliers.」

「As steel prices continued to rise more than anticipated, we reviewed selling prices and pursued cost reductions and spending controls. As a result, the operating margin for the nine-month period ended 31 December was 15.0%, an improvement of 0.9 percentage points year on year.」

「Meanwhile, as steel prices, a major raw material for our products, rose above expectations, we reviewed selling prices and worked to reduce costs and restrain spending. As a result, the operating profit margin for the second quarter of the current consolidated cumulative period was 15.2%, an improvement of 3.5 percentage points year on year.」

「On the cost side, in light of the continued rise in steel prices, a major raw material for our products, in line with expectations and the ongoing challenging economic environment, we implemented multifaceted cost reductions and spending restraint. As a result, the operating profit margin for the first quarter of the current consolidated cumulative period was 12.1%, an improvement of 4.7 percentage points year on year.」

「On the profit side, demand for high-value-added products such as safety equipment materials remained strong despite the COVID-19 pandemic, and we worked to improve profitability by focusing on the manufacture and supply of these products. On the cost side, we reduced executive compensation and other fixed costs, and worked to reduce costs and restrain spending through every available means, including reviewing new investment projects.」

「Furthermore, we continued to reduce executive compensation and other fixed costs, and worked to reduce costs and restrain spending through every available means, including reviewing new investment projects.」

「In preparation for a decline in revenue, we continued to reduce executive compensation and other fixed costs, and worked to reduce costs and restrain spending through every available means, including reviewing new investment projects.」

「In preparation for a decline in revenue, we reduced executive compensation and other fixed costs, and worked to reduce costs and restrain spending through every available means, including reviewing new investment projects.」

「Although prices of raw materials, including steel, remained high, we worked to contain increases in procurement prices by using a broad range of procurement channels and negotiating with suppliers, and succeeded in keeping procurement prices within the anticipated range. In addition, we continued to review selling prices. As a result, the gross profit margin for the fiscal year was 25.3%, an improvement of 2.3 percentage points from the previous fiscal year.」

「Although raw material prices, including steel prices, remained high, we worked to curb increases in procurement prices through the use of a wide range of raw material procurement channels and negotiations with suppliers, and were able to keep them within the expected procurement price range. As a result, the gross profit margin for the third quarter of the current consolidated cumulative period was 25.2%, an improvement of 2.4 percentage points year on year.」

「Although raw material prices, including steel prices, remained high, we worked to curb increases in procurement prices through the use of a wide range of raw material procurement channels and negotiations with suppliers, and were able to keep them within the expected procurement price range. As a result, the gross profit margin for the second quarter of the current consolidated cumulative period was 24.6%, an improvement of 1.9 percentage points year on year.」

「Although raw material prices, including steel prices, remained high, we worked to curb increases in procurement prices through the use of a wide range of raw material procurement channels and negotiations with suppliers, and were able to keep them within the expected procurement price range. As a result, the gross profit margin for the first quarter of the current consolidated cumulative period was 23.9%, an improvement of 1.4 percentage points year on year.」

「Gross profit margin improved progressively each quarter as a result of efforts to control raw material procurement costs and improve productivity, as well as initiatives such as reviewing selling prices. However, these measures were insufficient to fully absorb the rise in raw material prices for the full year, and the gross profit margin for the current consolidated fiscal year was 23.0%, down 2.2 percentage points from the previous consolidated fiscal year.」

「Meanwhile, while working to pass on rising raw material costs through price increases and to reduce procurement costs for raw materials and improve productivity, quarterly operating profit has been trending toward improvement, from a 23.6% year-on-year decline in the first quarter of the current consolidated fiscal year (April to June), to an 11.8% decline in the second quarter (July to September) and a 4.8% decline in the third quarter (October to December).」

「Although raw material prices, including steel prices, continued to rise, we are working to curb increases in procurement prices by using a wide range of raw material procurement channels.」

「Although raw material prices, including steel prices, continued to rise, we worked to curb increases in procurement prices by using a wide range of raw material procurement channels and were able to keep the increase within the expected range.」

「Rather than focusing solely on shortening processes, we aim to achieve significant benefits through a broad range of cost reduction activities covering equipment running costs, inspection costs and other areas.」