Fundamental Measures to Address Loss-Making Operations
First written in FY2017. 12 of 16 entries say "Advanced", first in FY2019. Latest entry: 2026-11-10.
0 other companies' latest entry also says "Advanced".
- 2026-11-10AdvancedRevision to earnings forecast
「A portion of the gain related to the transfer of business rights accompanying structural reforms in the functional sheet business and paper manufacturing unit was recorded as extraordinary income」
As part of the structural reforms in the functional sheet business and paper manufacturing unit, a portion of the gain related to the transfer of business rights was recorded as extraordinary income, reflecting progress in the structural reforms. - FY2026RestatedAnnual report
「This will complete the series of structural reforms in the paper-related businesses and result in our withdrawal from paper production in Japan.」
Following the shutdowns of Paper Machines No. 7 and No. 9, we continue to pursue a plan to shut down Paper Machines No. 1 and No. 2 by the end of March 2027 and withdraw from paper production in Japan. - 2026-05-15RestatedFinancial results presentation
「① Complete the structural reforms in the paper manufacturing and coated paper businesses and establish a stable and robust earnings base」
Completing structural reforms in the paper manufacturing and coated paper businesses and establishing a stable earnings base were identified as key priorities under the Ninth Medium-Term Management Plan. - FY2026-H1AdvancedAnnual report
「As part of the structural reform of the paper unit, we resolved during the first half of this year to shut down 2 paper manufacturing facilities at the end of March 2027. We will discontinue the manufacture and sale of the products produced on these facilities and transfer the business rights and other items and inventories related to some products to Tokushu Tokai Paper Co.,Ltd. This will complete the series of structural reforms in our paper business and result in our withdrawal from paper production in Japan.」
We resolved to further advance the previous shutdowns of paper machines and reforms in the paper business by shutting down 2 paper manufacturing facilities at the end of March 2027, discontinuing the manufacture and sale of the relevant products, and transferring the related business rights and other items and inventories. The transfer date under the transfer agreement is set for 25 July 2030, explicitly indicating our withdrawal from paper production in Japan. - FY2025AdvancedAnnual report
「Regarding the improvement of the profitability of coating equipment, which we had identified as an issue to be addressed in this business, we are steadily transitioning to a new production structure, including by shutting down NichiRica Co., Ltd.'s equipment in September 2024 and integrating it with our equipment.」
As a structural reform following the shutdown of 2 paper machines, we implemented the specific measure of shutting down NichiRica's coating equipment in September 2024 and integrating it with our equipment. - FY2024AdvancedAnnual report
「In the paper business, we will improve the profitability of low-profitability operations by examining further opportunities for structural reform following the shutdown of 2 paper machines and by consolidating coating equipment in the display-related business.」
Further opportunities for structural reform following the shutdown of 2 paper machines and the consolidation of coating equipment in the display-related business were presented as new specific measures. - FY2023AdvancedAnnual report
「The paper-related businesses undergoing structural reforms now account for 10% or less of consolidated net sales. As the equipment continues to age, we are actively pursuing measures to improve the efficiency of operating equipment, including machine integration, and to improve operations with the aim of maximizing value on an ongoing basis. Following the shutdown of Paper Machine No. 7 at the end of 2019, the shutdown of Paper Machine No. 9 at the end of March 2022 is expected to produce further fixed-cost savings.」
With the paper-related businesses accounting for 10% or less of net sales, we are pursuing greater operating efficiency through machine integration and other measures, following the shutdowns of Paper Machines No. 7 and No. 9. - FY2023-Q3AdvancedAnnual report
「Although profit was affected by higher procurement prices for raw materials and fuel, the effects of structural reforms, including the shutdown of 2 large paper manufacturing facilities in December 2019 and March 2022, reduced the loss compared with the same period of the previous year.」
The effects of structural reforms, including the shutdown of 2 large paper manufacturing facilities, continued to emerge, reducing the specialty paper business's operating loss from ¥79 million in the same period of the previous year to ¥65 million. - FY2023-Q2RestatedAnnual report
「On the cost side, the effects of structural reforms, including the shutdown of 2 large paper manufacturing facilities in December 2019 and March 2022, emerged, but were offset by the impact of higher raw material and fuel prices.」
While the effects of structural reforms, including the shutdown of large paper manufacturing facilities, have emerged, the specialty paper business posted an operating loss due to higher raw material and fuel prices. - FY2023-Q1AdvancedAnnual report
「The effect of structural reforms resulting from the shutdown of Paper Machine No. 9, our largest paper machine, at the end of the previous fiscal year」
The shutdown of Paper Machine No. 9 at the end of the previous fiscal year was reflected in results as a structural reform benefit in the first quarter. - FY2022-Q3AdvancedAnnual report
「During the nine-month period of the fiscal year, we increased inventories in preparation for the shutdown of Paper Machine No. 9 in March 2022. ...We also transferred some assets and other items in the paper business as part of our structural reforms, recording an extraordinary gain of ¥200 million from the transfer.」
We continued reforming the paper business and increased inventories in preparation for the shutdown of Paper Machine No. 9 in March 2022. The transfer of assets and other items was also completed, and an extraordinary gain of ¥200 million was recorded. - FY2022-Q2AdvancedAnnual report
「As we further advance our structural reforms, we have discontinued the manufacture and sale of ultra-lightweight printing paper and decided to transfer some of the related assets and other items to Miyoshi Paper Co., Ltd. Transfer price: approximately ¥300 million (including ¥200 million for trademark rights) Gain on transfer: approximately ¥200 million Asset transfer date: 28 November 2021」
We decided to further advance structural reforms in the paper business by discontinuing the manufacture and sale of ultra-lightweight printing paper, including the Tomoe River trademark, and transferring the related assets. The transfer price is expected to be approximately ¥300 million, with a gain on transfer of approximately ¥200 million. - FY2022-Q1AdvancedAnnual report
「The effects of structural reforms implemented to date, including the benefits of partially shutting down paper machines in December 2019, have begun to emerge.」
In the paper and specialty paper businesses, the fixed-cost savings from the partial shutdown of a paper machine emerged in the first quarter. - FY2020AdvancedAnnual report
「As part of these efforts, we shut down Paper Machine No. 7 at the end of 2019 and proceeded to integrate its production line with other paper machines, thereby pursuing the "selection and concentration" of maintenance and investment in the remaining lines.」
The paper business underwent specific structural reforms, including the shutdown of Paper Machine No. 7 and the integration of its production line with other paper machines. - FY2019AdvancedAnnual report
「The 7th Medium-Term Management Plan is centered on "solidifying the return to a growth trajectory" and sets 21 priority issues, including accelerating the creation of new products and reforming the paper business.」
Measures addressing loss-making and low-profitability businesses were developed into 21 priority issues under the 7th Medium-Term Management Plan, particularly the reform of the paper business. - FY2017First statedAnnual report
「Formulation and implementation of fundamental measures for loss-making businesses」
The formulation and implementation of fundamental measures for loss-making businesses is a key priority.