Strengthening the Foundation of Existing Businesses and Building an Efficient Operating Platform
First written in FY2017-Q1. 19 of 41 entries say "Restated". Latest entry: 2026-10-15.
The whole theme swung hardest in 2025: 7 of 30 companies on the "Worse" side.
16 other companies' latest entry also says "Advanced".
- FY2027-H1RestatedAnnual report
「Against this backdrop, based on the medium-term management plan “TSI Innovation Program 2027 (TIP27)” announced in April 2024, our group continues to pursue fundamental reforms to its earnings structure and growth strategies, as it did in the previous fiscal year.」
It was reaffirmed that reforms to the earnings structure and growth strategies under TIP27 continue to be pursued. - FY2026AdvancedAnnual report
「We will fully establish across the Group the earnings-structure reform framework built through the previous fiscal year and establish a highly profitable business structure that is not affected by changes in the external environment.」
In the final year of TIP27, the Group explicitly identified the establishment across the Group of the earnings-structure reforms built through the previous fiscal year and the transition to the next growth phase as key challenges. - FY2026-H1AdvancedAnnual report
「As a result of the earnings-structure reforms undertaken since the previous fiscal year, the gross profit margin improved by 1.8 percentage points year on year due to a lower procurement-cost ratio and inventory reductions following the completion of the disposal of inventory from prior years. Selling, general and administrative expenses have also continued to be tightly controlled from the previous fiscal year.」
Under TIP27's earnings-structure reforms, the Group reported a lower procurement-cost ratio, completion of the disposal of inventory from prior years and inventory reductions, resulting in a 1.8-percentage-point year-on-year improvement in the gross profit margin. - FY2025AdvancedAnnual report
「In addition, the integration of the e-commerce sites was completed in February, and a significant reduction in operating costs is expected from the fiscal year ending February 2025. Preparations for reducing procurement costs, pricing and reviewing store earnings structures were completed in the fiscal year ending February 2024, with the full effects expected to emerge from the fiscal year ending February 2025.」
Specific progress on earnings-structure reform under TIP27 was reported, including completion of the e-commerce site integration and preparations to reduce procurement costs, revise pricing and review store earnings structures. - FY2025-H1RestatedAnnual report
「In April 2024, the Group announced a new medium-term management plan toward 2027, TSI Innovation Program 2027 (TIP27). Specifically, the Group aims to reform its earnings structure by pursuing economies of scale through consolidating suppliers of raw materials and merchandise, improving margins by reviewing product pricing and sales-promotion measures, strategically reallocating stores and personnel through store consolidation and expansion, improving operating-cost efficiency by consolidating e-commerce sites dispersed across brands, and reviewing the personnel structure at head office.」
As specific measures for earnings-structure reform under TIP27, the Group continued to outline the consolidation of suppliers and procurement sources, reviews of pricing and sales-promotion measures, store consolidation and expansion, consolidation of e-commerce sites, and a review of the head-office personnel structure. - FY2025-Q1RestatedAnnual report
「In April 2024, the Group announced a new medium-term management plan toward 2027, TSI Innovation Program 2027 (TIP27). Specifically, the Group aims to reform its earnings structure by pursuing economies of scale through consolidating suppliers of raw materials and merchandise, improving margins by reviewing product pricing and sales-promotion measures, strategically reallocating stores and personnel through store consolidation and expansion, improving operating-cost efficiency by consolidating e-commerce sites dispersed across brands, and reviewing the personnel structure at head office.」
Under TIP27, the Group specified the consolidation of suppliers and procurement sources, reviews of pricing and sales-promotion measures, store consolidation and expansion, consolidation of e-commerce sites, and a review of the head-office personnel structure as measures to reform its earnings structure. - FY2024ReframedAnnual report
「We formulated a new medium-term management plan toward 2027, TSI Innovation Program 2027 (TIP27), and announced it in April 2024.」
The previous TIP25 was reviewed and reorganized into a plan under TIP27 to pursue earnings-structure reform, growth strategies and investment in human capital. - FY2024-Q3RestatedAnnual report
「Against this backdrop, under the new medium-term management plan toward 2025, TSI Innovation Program 2025 (TIP25), announced in April 2022, we are continuing fundamental reforms of our earnings structure and corporate structure in response to changes in the social environment and customer lifestyles accompanying digital transformation, with the aim of creating distinctive value offered by the Group and transforming the Group into a “company beyond apparel only” and a “company that creates fashion entertainment.”」
The Group continued to respond to DX, create distinctive value offered by the Group and pursue fundamental reforms of its earnings structure and corporate structure under TIP25. - FY2024-Q2RestatedAnnual report
「Under the new medium-term management plan toward 2025, TSI Innovation Program 2025 (TIP25), announced in April 2022, we are continuing fundamental reforms of our earnings structure and corporate structure in response to changes in the social environment and customer lifestyles accompanying digital transformation, with the aim of creating distinctive value offered by the Group and transforming the Group into a “company beyond apparel only” and a “company that creates fashion entertainment.”」
The Group continued to respond to DX, create distinctive value offered by the Group and pursue fundamental reforms of its earnings structure and corporate structure under TIP25. - FY2024-Q1RestatedAnnual report
「Under the new medium-term management plan toward 2025, TSI Innovation Program 2025 (TIP25), announced in April 2022, we are continuing fundamental reforms of our earnings structure and corporate structure in response to changes in the social environment and customer lifestyles accompanying digital transformation, with the aim of creating distinctive value offered by the Group and transforming the Group into a “company beyond apparel only” and a “company that creates fashion entertainment.”」
The Group again stated its intention to respond to DX and pursue fundamental reforms of its earnings structure and corporate structure under TIP25, transforming itself into a “company beyond apparel only” and a “company that creates fashion entertainment.” - FY2023-Q1RestatedAnnual report
「In addition, through the absorption-type merger carried out in March 2022 as the second step toward integrating the group companies into a single company, in which TSI Co., Ltd. was the surviving company and Ueno Shokai Co., Ltd. was the absorbed company, the Group sought to strengthen earnings by reducing overlapping functions and streamlining the organizational structure, thereby lowering the break-even point while preserving the distinctiveness of the brands built by both companies, and to strengthen governance across the Group.」
The reduction of overlapping functions, streamlining of the organizational structure and lowering of the break-even point through the absorption-type merger of TSI and Ueno Shokai continued to be noted. - FY2022AdvancedAnnual report
「In addition, through the absorption-type merger carried out in March 2021 as the first step toward integrating the group companies into a single company, in which subsidiary Sanei BD Co., Ltd. absorbed 8 other apparel subsidiaries and subsequently changed its trade name to TSI Co., Ltd., the Group sought to further accelerate decision-making and improve operating efficiency.」
The first stage of integrating 8 subsidiaries into TSI Co., Ltd. was reconfirmed in the annual report. Meanwhile, changes to the companies targeted and the schedule from the second stage onward were noted. - FY2022-Q3SoftenedAnnual report
「At a meeting of the Board of Directors held on 14 January 2022, the companies to be absorbed in the absorption-type merger scheduled for completion on 1 March 2022 were partially changed. The Group will also disclose the restructuring schedule, including the Group itself, once it has been determined again.」
The first stage of the subsidiary integration has been completed, but the companies targeted for absorption from the second stage onward have changed, and the restructuring schedule will be determined again. - FY2022-Q2AdvancedAnnual report
「In addition, through the absorption-type merger carried out in March 2021 as the first step toward integrating the group companies into a single company, in which subsidiary Sanei BD Co., Ltd. absorbed 8 other apparel subsidiaries and subsequently changed its trade name to TSI Co., Ltd., the Group is working to further accelerate decision-making and improve operating efficiency.」
The Group continued to accelerate decision-making and improve operating efficiency after the first stage of its structural review, in which 8 apparel subsidiaries were absorbed and the surviving company changed its trade name to TSI Co., Ltd. - FY2022-Q1AdvancedAnnual report
「Against this backdrop, under the TSI INNOVATION PROGRAM 2024 (TIP24), which the Group was pursuing as a medium-term reform project, we had focused on withdrawing from unprofitable businesses and stores, reducing personnel costs and cutting selling, general and administrative expenses across the Group. We then moved into a phase focused on strengthening the rapidly growing e-commerce business, IT systems and entry into new businesses, and sought to maximize the Group's earnings power through proactive investment for the future. In addition, through the absorption-type merger carried out in March 2021 as the first step toward integrating the group companies into a single company, in which subsidiary Sanei BD Co., Ltd. absorbed 8 other apparel subsidiaries and subsequently changed its trade name to TSI Co., Ltd., we sought to further accelerate decision-making and improve operating efficiency.」
Under TIP24, the Group explicitly moved from a cost-cutting phase to an investment phase focused on e-commerce, IT and new businesses, and implemented the first step of its organizational restructuring through the absorption-type merger of 8 subsidiaries. - FY2021-Q3AdvancedAnnual report
「Against this backdrop, as part of the review of the group structure, a key initiative under the medium-term management strategy, the Group sought to accelerate management decision-making by introducing a company structure for its apparel businesses and establishing a new Platform Division integrating various head-office functions. In addition, to strengthen earnings by reducing overlapping functions, streamlining the organizational structure, improving operating efficiency and accelerating decision-making across the Group, Sanei BD Co., Ltd., a subsidiary, was to absorb 8 other apparel subsidiaries as the first step toward integrating the group companies into a single company.」
In addition to operating the company structure and Platform Division, the absorption-type merger by Sanei BD of 8 other apparel subsidiaries was approved as the first step toward integrating the group companies into a single company. - FY2021-Q2AdvancedAnnual report
「As part of the Group's structural reforms, we decided to implement an early-retirement program to streamline head-office personnel and eliminate overlapping functions between organizations.」
The review of the group structure under the new medium-term management plan advanced to the specific measure of approving an early-retirement program. The program covered approximately 300 head-office employees, with applications accepted from 1 October 2020 to 28 February 2021 and retirement effective 28 February 2021. - FY2021-Q1AdvancedAnnual report
「Against this backdrop, based on the new medium-term management plan announced in April 2019, the Group sought to accelerate management decision-making by introducing a company structure that reorganized its apparel businesses into 4 groups as part of its priority initiative to review the group structure. It also established a new Platform Division integrating the production, e-commerce, IT and marketing functions, with the aim of eliminating functional overlap and improving profitability through the shared use of the platform.」
The previously planned review of the group structure moved into the implementation phase through the introduction of a 4-group company structure and establishment of the Platform Division. - FY2020ReframedAnnual report
「We will reorganize our apparel subsidiaries into 4 companies, with our executives directly overseeing each company. This will enable a swift and coordinated response to management issues common to the companies, while also streamlining and integrating overlapping functions.」
The previous focus on business process improvements and a review of the group structure was made concrete through an organizational restructuring plan consisting of a 4-company structure, functional integration and direct oversight by senior management. - FY2020-Q3RestatedAnnual report
「Based on the new medium-term management plan announced in April 2019, the Group prioritized reviewing its group structure and pursued measures to optimize the group organization. At the same time, it advanced measures to improve profit margins, including efforts to build a branding strategy and business model that did not rely on sales promotions, with the aim of improving the sell-through rate of regular-priced merchandise.」
The Group continued to review its group structure, optimize its organizational structure and strengthen its earnings base while reducing its reliance on sales promotions, based on the new medium-term management plan. - FY2020-Q2RestatedAnnual report
「Against this backdrop, based on the new medium-term management plan announced in April 2019, the Group prioritized reviewing its group structure and pursued measures to optimize the group organization, while」
The policy of prioritizing a review of the group structure and optimization of the organizational structure under the new medium-term management plan was reconfirmed. - FY2020-Q1RestatedAnnual report
「Based on the new medium-term management plan announced in April 2019, the Group prioritized reviewing its group structure and pursued measures to optimize the group organization. At the same time, it advanced measures to improve profit margins, including efforts to build a branding strategy and business model that did not rely on sales promotions, primarily to improve the sell-through rate of regular-priced merchandise.」
Based on the new medium-term management plan, the previous focus on strengthening the earnings base continued in the form of reviewing the group structure, optimizing the organizational structure and building a business model less dependent on sales promotions. - FY2019ReframedAnnual report
「We will promote the consolidation within the Group of functions including administration, production, logistics, systems and store development, and improve efficiency by standardizing operations and expanding economies of scale.」
The previous policy of improving business processes, consolidating logistics operations and standardizing systems was reorganized under the new medium-term management plan as an expansion of shared-platform functions covering administration, production, logistics, systems and store development. - FY2019-Q3RestatedAnnual report
「Against this backdrop, based on the medium-term management plan updated in April 2017, the Group sought to strengthen its earnings base by withdrawing from low-profit businesses and taking other measures, while」
The initiative to strengthen the earnings base through withdrawal from low-profit businesses and other measures under the medium-term management plan was reconfirmed. - FY2019-Q2RestatedAnnual report
「Against this backdrop, based on the medium-term management plan updated in April 2017, the Group sought to strengthen its earnings base by improving business processes and restructuring low-profit divisions, while」
The initiatives to improve business processes, restructure low-profit divisions and strengthen the earnings base under the medium-term management plan updated in April 2017 were reconfirmed. - FY2019-Q1RestatedAnnual report
「Based on the medium-term management plan updated in April 2017, the Group sought to strengthen its earnings base by improving business processes and restructuring low-profit divisions, while」
The initiatives to improve business processes, restructure low-profit divisions and strengthen the earnings base under the medium-term management plan updated in April 2017 were reconfirmed. - FY2018RestatedAnnual report
「Based on the medium-term management plan updated in April 2017, the Group sought to strengthen its earnings base by improving business processes and restructuring low-profit divisions, while」
The medium-term management plan updated in April 2017, business process improvements and the restructuring of low-profit divisions to strengthen the earnings base were reconfirmed. The detailed measures had expanded to include the use of new technologies, standardization of core systems and consolidation of logistics operations. - FY2018-Q3RestatedAnnual report
「Against this backdrop, based on the medium-term management plan updated in April 2017, the Group sought to strengthen its earnings base by improving business processes and restructuring low-profit divisions, while」
The initiatives to improve business processes, restructure low-profit divisions and strengthen the earnings base under the medium-term management plan updated in April 2017 were reconfirmed. - FY2018-Q2RestatedAnnual report
「Based on the medium-term management plan updated in April 2017, the Group sought to strengthen its earnings base by improving business processes and restructuring low-profit divisions.」
The initiative to strengthen the earnings base through business process improvements and the restructuring of low-profit divisions under the updated medium-term management plan was reconfirmed. - FY2018-Q1ReframedAnnual report
「Against this backdrop, based on the medium-term management plan updated in April 2017, the Group was working to strengthen its earnings base by improving business processes and restructuring low-profit divisions, while」
The medium-term management plan was presented as a plan updated in April 2017, with the previous focus on strengthening the operating platform made more concrete through business process improvements and the restructuring of low-profit divisions. - FY2017ReframedAnnual report
「We will actively use information technology to promote BPR (Business Process Re-engineering). By extending the standardization of core systems, which has been implemented at the principal group companies, across all group companies, we will further improve operating efficiency. We will also improve business processes by consolidating logistics-related operations and reducing logistics costs.」
The previous policy of building an efficient operating platform was translated under the new medium-term management plan into specific measures consisting of BPR, company-wide standardization of core systems and consolidation of logistics operations. - FY2017-Q3RestatedAnnual report
「Against this backdrop, based on the medium-term management plan updated in April 2016, the Group continued to build an efficient operating platform while」
The continued construction of an efficient operating platform based on the updated medium-term management plan. - FY2017-Q2RestatedAnnual report
「Against this backdrop, based on the medium-term management plan updated in April 2016, the Group continued to build an efficient operating platform while」
The continued construction of an efficient operating platform based on the updated medium-term management plan. - FY2017-Q1First statedAnnual report
「Based on the medium-term management plan updated in April 2016, the Group was working to strengthen the foundation of its existing businesses and build an efficient operating platform, while」
The initiative to strengthen the operating platform based on the updated medium-term management plan was recorded for the first time.