Prioritizing investment restraint and profit preservation amid the COVID-19 shock
First written in FY2020. 3 of 7 entries say "Restated". Latest entry: FY2022-Q3.
4 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「While expanding its existing businesses in these solid market conditions, the Company is investing in new product development and preparing to establish a development center in Vietnam, making steady progress toward achieving the targets set out in its medium-term management plan.」
The company has shifted its focus back from investment restraint to growth investment and continues to pursue a policy of investing in existing businesses, new products, and a base in Vietnam. - FY2022-Q2RestatedAnnual report
「While expanding its existing businesses in these solid market conditions, the Company is investing in new product development and preparing to establish a development center in Vietnam, making steady progress toward achieving the targets set out in its medium-term management plan.」
The company has shifted its focus back from investment restraint to growth investment and continues to pursue a policy of expanding existing businesses, developing new products, and preparing a base in Vietnam. - FY2022-Q1SoftenedAnnual report
「While expanding its existing businesses in these solid market conditions, the Company is investing in new product development and preparing to establish a development center in Vietnam, making a solid start toward achieving the targets set out in its medium-term management plan.」
The company has moved from the previous fiscal year’s stated halt to proactive investment and reduction in advertising and promotional activities to investing in new product development and preparing overseas development sites, with less emphasis on investment restraint. - FY2021AdvancedAnnual report
「In the current fiscal year, anticipating the negative impact of the spread of COVID-19 on economic conditions, we reduced costs by suspending aggressive investment and scaling back advertising and promotional activities.」
It states that, under the policy of restraining investment and securing profits amid the COVID-19 pandemic, the company actually halted proactive investment, scaled back advertising and promotional activities, and cut costs. - FY2021-Q2RestatedAnnual report
「However, in the current fiscal year, to adapt to major changes in the market environment caused by the spread of COVID-19, we have shifted management from an offensive to a defensive stance and moved toward a conservative strategy that gives top priority to securing profit. Specifically, we are reviewing spending across the company by cutting expenses and reducing investment in overseas operations, and have changed our policy to focus on domestic operations in the current fiscal year.」
The company continues to pursue a shift from an offensive to a defensive stance, prioritization of profit generation, expense reductions, reduced overseas investment, and a focus on domestic operations. - FY2021-Q1AdvancedAnnual report
「While retaining the 5 targets described above, the Company is adapting to major changes in the market environment caused by the spread of COVID-19 by shifting its management approach from “offense” to “defense” and adopting a prudent course that gives top priority to securing profits. Specifically, it has reviewed expense budgets across the Company, restricting spending other than immediately necessary investments, and has also reviewed the schedule for promoting its overseas business, shifting its policy to focus on domestic operations during the current fiscal year.」
Regarding measures to restrain investment and prioritize securing profit under the COVID-19 shock, the company has presented specific actions, including a company-wide review of expense budgets, a review of the schedule for overseas operations, and a focus on Japan. - FY2020First statedAnnual report
「Depending on the severity of the impact of the COVID-19 shock, we will prioritize measures that restrain investment needed to address items ① through ⑦ and place priority on securing profit.」
Depending on the severity of the COVID-19 shock, the company has newly presented measures to restrain investment needed to address ordinary business issues and prioritize securing profit.