Maintaining Profitability through Streamlining and Cost Reduction Initiatives
First written in FY2016. 17 of 36 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-06.
39 other companies' latest entry also says "Advanced".
- 2026-08-06AdvancedRevision of earnings forecasts
「Although higher raw-material prices resulting from the situation in the Middle East are expected to have an impact, operating profit is expected to exceed the previous forecast owing to the effect of higher revenue, the results of planned cost-improvement initiatives and foreign-exchange effects.」
The results of planned cost-improvement initiatives were explicitly identified as a factor behind the upward revision to the operating profit forecast for the cumulative second-quarter period. - FY2026AdvancedAnnual report
「Operating profit increased by ¥246 million, or 2.5%, year on year to ¥10,251 million. This was despite the impact of lower revenue, due to higher revenue in the United States, the results of thorough cost improvement initiatives at each company and the foreign exchange impact of the Mexican peso's appreciation.」
Despite lower revenue, operating profit increased from ¥10,004 million in the previous year to ¥10,251 million due to thorough cost improvement initiatives at each company. - FY2026-H1Cost improvement benefits coexist with lower revenue and investment burdensAnnual report
「Operating profit declined by ¥856 million, or 15.1%, year on year to ¥4,835 million. While the results of cost improvement initiatives are steadily emerging, the decline was due to lower revenue, actuarial differences in retirement benefits and increased investment in human capital to support sustainable growth.」
Although the results of cost improvement initiatives are emerging, operating profit fell 15.1% year on year due to lower revenue, actuarial differences in retirement benefits and increased investment in human capital. - FY2025AdvancedAnnual report
「Operating profit increased by ¥1,314 million, or 15.1%, year on year to ¥10,004 million, despite a negative foreign exchange impact from the Mexican peso and U.S. dollar, due to cost improvement initiatives and lower depreciation and other expenses.」
Despite the negative foreign exchange impact, operating profit increased from ¥8,690 million in the previous year to ¥10,004 million due to cost improvement initiatives and lower depreciation and other expenses. - FY2025-H1AdvancedAnnual report
「Operating profit increased by ¥1,406 million, or 32.8%, year on year to ¥5,692 million, due to the impact of higher production, the implementation of cost improvement initiatives and compensation for sharp production fluctuations, among other factors.」
Higher production, cost improvement initiatives and compensation for sharp production fluctuations increased operating profit by 32.8% year on year. Profitability improvements from streamlining and cost reduction initiatives can be confirmed in the interim results. - FY2024AdvancedAnnual report
「Operating profit increased by ¥5,236 million, or 151.6%, year on year to ¥8,690 million, due to higher revenue, the implementation of cost improvement initiatives and the partial pass-through into prices of increases in raw-material, energy and labor costs.」
Higher revenue, cost improvements and the partial pass-through into prices of increases in raw-material, energy and labor costs increased operating profit from ¥3,453 million in the previous year to ¥8,690 million. - FY2024-Q3AdvancedAnnual report
「In the consolidated results, net sales increased by ¥17,737 million, or 17.3%, year on year to ¥120,368 million. Operating profit was ¥7,176 million, compared with an operating loss of ¥623 million in the same period of the previous year, due to higher revenue, cost improvement initiatives and the partial pass-through into prices of increases in raw-material, energy and labor costs.」
Higher revenue, cost improvement initiatives and the partial pass-through into prices of increases in raw-material, energy and labor costs improved operating results from a loss of ¥623 million in the same period of the previous year to profit of ¥7,176 million. - FY2024-Q2AdvancedAnnual report
「In the consolidated results, net sales increased by ¥14,459 million, or 22.9%, year on year to ¥77,470 million. Operating profit was ¥4,285 million, compared with an operating loss of ¥1,446 million in the same period of the previous year, due to higher revenue, cost improvement initiatives and the partial pass-through into prices of increases in raw-material, energy and labor costs.」
Higher revenue, cost improvement initiatives and the partial pass-through into prices of increases in raw-material, energy and labor costs improved operating results from a loss of ¥1,446 million in the same period of the previous year to profit of ¥4,285 million. - FY2024-Q1AdvancedAnnual report
「Operating profit was ¥1,339 million, compared with an operating loss of ¥1,241 million in the same period of the previous year, due to the impact of higher revenue and the implementation of cost improvement initiatives, despite the impact of surging raw-material and energy prices at all locations.」
Higher revenue and cost improvement initiatives improved operating results from a loss of ¥1,241 million in the same period of the previous year to profit of ¥1,339 million. The burden of surging raw-material and energy prices remains. - FY2023AdvancedAnnual report
「Operating profit for the current consolidated fiscal year was ¥3,453 million, compared with an operating loss of ¥2,632 million in the previous consolidated fiscal year. This was despite the burden of costs at the new U.S. plant due to delays in customers shifting to two-shift operations and the impact of surging raw-material and energy prices at all locations, as higher revenue and reductions in all expenses, including curbing or reviewing investments, together with cost improvement initiatives, contributed to results.」
Higher revenue, investment restraint, expense reductions and cost improvements improved operating results from a loss of ¥2,632 million to profit of ¥3,453 million. However, the burden of costs at the new U.S. plant and surging raw-material and energy prices continues. - FY2023-Q3Cost improvements coexist with higher costs and the burden of the new plantAnnual report
「Segment profit (operating profit) increased by ¥888 million year on year to ¥194 million. This was despite the impact of surging raw-material and energy prices, due to the impact of higher revenue and reductions in all expenses, including curbing or reviewing investments, as well as the implementation of cost improvement initiatives.」
The Japan segment improved profit by ¥888 million year on year through investment restraint, expense reductions and cost improvements. Meanwhile, surging raw-material and energy prices and the costs of the new U.S. plant continue to weigh on company-wide results. - FY2023-Q2Cost improvements and the impact of higher costs coexistAnnual report
「The Group promoted cost reductions and worked to stabilize its management foundation in response to production fluctuations at all locations. Operating results turned to a loss of ¥1,446 million, compared with an operating loss of ¥1,443 million in the same period of the previous year, due to the front-loading of costs for preparing the new U.S. plant for full operation and the impact of surging raw-material and energy prices, among other factors.」
Cost reductions were advanced at all locations, and cost improvements from reviewing production processes contributed to higher profit in ASEAN. Meanwhile, the company-wide operating loss was ¥1,446 million due to costs for preparing the new U.S. plant and surging raw-material and energy prices. - FY2023-Q1Operating loss despite cost improvementsAnnual report
「Although efforts were made to reduce all expenses and implement cost improvement initiatives, including production-process efficiency improvements and curbing or reviewing investments, operating results turned to a loss of ¥1,241 million due to utilization losses from irregular production in response to reduced production in Japan and sharp production fluctuations, as well as higher costs of preparing the new U.S. plant for full operation, compared with operating profit of ¥645 million in the same period of the previous year.」
Although production-process efficiency improvements, investment restraint, expense reductions and cost improvements continued, operating results deteriorated from profit of ¥645 million in the same period of the previous year to a loss of ¥1,241 million because reduced production, utilization losses from irregular production and costs of preparing the new U.S. plant could not be absorbed. - FY2022RestatedAnnual report
「Although efforts were made to reduce all expenses and implement cost improvement initiatives, including production-process efficiency improvements and curbing or reviewing investments, operating results for the current consolidated fiscal year turned to a loss of ¥2,632 million due to the impact of reduced production and utilization losses associated with sharp production fluctuations, as well as costs for preparing to commence operations at the new U.S. plant, compared with operating profit of ¥4,456 million in the previous consolidated fiscal year.」
Although production-process efficiency improvements, investment restraint, expense reductions and cost improvements continued, operating results turned to a loss of ¥2,632 million due to reduced production, utilization losses and the costs of preparing the new U.S. plant. - FY2022-Q3AdvancedAnnual report
「Segment profit (operating profit) increased by ¥8 million, or 5.7%, year on year to ¥165 million, due mainly to the effects of cost reductions in Thailand.」
Segment profit in ASEAN rose 5.7% year on year due to the effects of cost reductions and other factors. At the company-wide level, an operating loss was recorded due to costs for preparing to commence operations at the new U.S. plant and utilization losses, indicating that profitability improvements vary by region. - FY2022-Q2RestatedAnnual report
「Despite efforts to reduce costs, operating results turned to a loss of ¥1,443 million due to the impact of costs for preparing to commence operations at the new U.S. plant and utilization losses associated with sharp fluctuations in production volumes during the second quarter of the consolidated fiscal period, compared with operating profit of ¥57 million in the same period of the previous year.」
Although cost reductions continued, the costs of preparing to commence operations at the new U.S. plant and utilization losses caused by sharp fluctuations in production volumes could not be absorbed, resulting in an operating loss. No change in the streamlining and cost reduction policy itself is stated. - FY2022-Q1AdvancedAnnual report
「Operating profit was ¥645 million, despite higher costs of preparing to commence operations at a new plant in the United States, due to the impact of higher revenue and expense reductions, compared with an operating loss of ¥1,657 million in the same period of the previous year.」
Higher revenue and expense reductions improved results from an operating loss to operating profit of ¥645 million. The burden of costs for preparing to commence operations at the new U.S. plant continues. - FY2021RestatedAnnual report
「Performance declined from the previous fiscal year due to reduced production by customers resulting from the prolonged impact of COVID-19. The Group will continue promoting measures to improve performance, including reducing fixed costs and cutting market-quality response costs through quality improvements.」
Although the Group continues to promote earnings improvements through fixed-cost reductions, quality improvements and lower market-quality response costs, operating profit fell 50.5% in the current fiscal year due to the impact of reduced production and other factors. - FY2021-Q2RestatedAnnual report
「In Japan, net sales declined by ¥32,802 million, or 41.6%, year on year to ¥46,033 million due to reduced production by major customers resulting from the impact of COVID-19. Segment results (operating results) turned to a loss of ¥1,000 million, compared with segment profit of ¥4,175 million in the same period of the previous year, as the impact of lower revenue outweighed efforts to reduce costs through process improvements and other measures, restrain personnel expenses and reduce fixed costs.」
Although cost reductions through process improvements, restraint of personnel expenses and fixed-cost reductions continued, the Japan segment recorded a loss because the impact of lower revenue from reduced production by major customers could not be absorbed. - FY2021-Q1RestatedAnnual report
「Despite efforts to reduce expenses amid a challenging business environment, operating results turned to an operating loss of ¥1,657 million due to the impact of reduced production, compared with operating profit of ¥3,175 million in the same period of the previous year.」
Although expense reductions have continued despite the challenging environment, the impact of reduced production by major customers could not be absorbed, resulting in an operating loss. No change in the policy of streamlining and cost reduction initiatives has been indicated. - FY2020RestatedAnnual report
「The Group is implementing planned streamlining and cost reduction initiatives and managing costs so that profitability does not decline even if product prices are reduced. However, depending on the nature of customer requests, the Group's business results and other factors could be affected.」
Although streamlining, cost reduction and cost management have continued, operating profit fell 38.5% in the current fiscal year due to reduced production and the costs of new facilities, among other factors. - FY2020-Q3RestatedAnnual report
「Operating profit decreased by ¥3,730 million, or 35.0%, from the same period of the previous year to ¥6,918 million. Although higher revenue and cost reductions from improvement initiatives contributed positively, profit was affected by costs related to implementing various measures for work-style reform, increased depreciation accompanying the partial start-up of operations at the head office plant, the impact of lower production in Mexico, and costs to launch new vehicle models and other factors.」
Although cost reductions from improvement initiatives have continued, operating profit fell 35.0% year on year because work-style reform expenses, depreciation at the head office plant, reduced production in Mexico and new-model launch costs could not be absorbed. - FY2020-Q2RestatedAnnual report
「Operating profit declined by ¥922 million, or 14.8%, year on year to ¥5,307 million. This was despite the revenue growth effect and cost reductions from improvement initiatives, due to expenses for various work-style reform measures, higher depreciation associated with the partial start-up of the head office plant, the impact of reduced production in Mexico and the costs of launching new models.」
Although cost reductions from improvement initiatives have continued, operating profit fell 14.8% year on year because work-style reform expenses, depreciation at the head office plant, reduced production in Mexico and new-model launch costs could not be absorbed. - FY2020-Q1RestatedAnnual report
「Operating profit declined by ¥657 million, or 17.2%, year on year to ¥3,175 million. This was despite the revenue growth effect and cost reductions, due mainly to expenses for various work-style reform measures and higher depreciation associated with the partial start-up of the head office plant, which has been under construction.」
Although cost reduction efforts have continued, operating profit fell 17.2% year on year due mainly to work-style reform-related expenses and higher depreciation at the head office plant. - FY2019RestatedAnnual report
「The Group is implementing planned streamlining and cost reduction initiatives and managing costs so that profitability does not decline even if product prices are reduced.」
The Group continues streamlining, cost reduction and cost management in response to requests for price reductions. - FY2019-Q3RestatedAnnual report
「Segment profit (operating profit) declined by ¥413 million, or 26.6%, year on year to ¥1,144 million. Although efforts were made to improve results through cost reduction initiatives, the decline was due mainly to expenses related to preparations for mass production of new products and the impact of foreign exchange fluctuations.」
Although cost reduction initiatives have continued, segment profit in Central America and North America fell 26.6% year on year because the costs of preparing for mass production of new products and the impact of foreign exchange fluctuations could not be absorbed. - FY2018AdvancedAnnual report
「Operating income for the fiscal year under review increased by ¥3,675 million, or 25.6%, from the previous fiscal year to ¥18,052 million, despite higher research and development expenses associated with next-generation technology development, among other factors, due to the effect of higher revenue and cost-reduction initiatives.」
Despite higher R&D expenses, operating profit rose 25.6% year on year, driven by the revenue growth effect and cost reduction initiatives. Measurable progress for the full year can be confirmed in profitability improvements from streamlining and cost reduction initiatives. - FY2018-Q3AdvancedAnnual report
「Operating profit increased by ¥2,509 million, or 21.6%, year on year to ¥14,127 million, despite higher R&D expenses associated with the development of next-generation models, mainly due to the revenue growth effect and cost reduction initiatives.」
While R&D expenses associated with the development of next-generation models increased, operating profit rose 21.6% year on year, driven by the revenue growth effect and cost reduction initiatives. Measurable progress can be confirmed in profitability improvements from streamlining and cost reduction initiatives. - FY2018-Q2AdvancedAnnual report
「Operating income increased by ¥986 million, or 13.3%, from the same period of the previous year to ¥8,408 million. Although R&D expenses associated with the development of next-generation vehicle models and other costs increased, the effects of higher revenue and cost reduction activities supported earnings.」
While R&D expenses increased, operating profit rose 13.3% year on year, driven by the revenue growth effect and cost reduction initiatives. Measurable progress can be confirmed in profitability improvements from streamlining and cost reduction initiatives. - FY2018-Q1AdvancedAnnual report
「Operating income increased by ¥1,039 million, or 34.1%, from the same period of the previous year to ¥4,090 million. Although R&D expenses associated with the development of next-generation vehicle models and other costs increased, the effects of higher revenue and cost reduction activities supported earnings.」
Although R&D expenses increased, the effects of higher revenue and cost reduction activities lifted operating income 34.1% year on year. Measurable improvement in maintaining profitability through rationalization and cost reduction activities can be confirmed. - FY2017RestatedAnnual report
「Operating income decreased by ¥2,859 million, or 16.6%, from the previous consolidated fiscal year to ¥14,376 million. Although efforts were made to improve profitability through cost reduction activities, higher development costs for next-generation vehicle models, revised costs for actively responding to customers' required quality standards, foreign-exchange fluctuations and other factors weighed on earnings.」
Cost reduction activities are continuing, but operating income declined 16.6% due to development costs for next-generation vehicle models, costs of responding to required quality standards, foreign-exchange fluctuations and other factors. - FY2017-Q3RestatedAnnual report
「Operating income decreased by ¥1,949 million, or 14.4%, from the same period of the previous year to ¥11,618 million. Although efforts were made to improve profitability through cost reduction activities, higher costs associated with the mass production of new products and other factors weighed on earnings.」
Cost reduction activities are continuing, but they were unable to absorb higher costs for mass production of new products and other factors, resulting in a 14.4% year-on-year decline in operating income. - FY2017-Q2RestatedAnnual report
「Operating income decreased by ¥914 million, or 11.0%, from the same period of the previous year to ¥7,422 million. Although efforts were made to improve profitability through cost reduction activities, the decrease in revenue and higher costs associated with the mass production of new products and other factors weighed on earnings.」
Cost reduction activities are continuing, but they were insufficient to offset lower revenue and higher costs for mass production of new products, resulting in an 11.0% year-on-year decline in consolidated operating income. - FY2016First statedAnnual report
「The Group undertakes planned rationalization and cost reduction activities and manages costs so that profitability does not decline even when product prices are reduced.」
Rationalization, cost reduction and cost management are cited as measures to respond to customers' requests for price reductions.