Speed-focused management, greater management transparency, and selective concentration
First written in FY2016. 5 of 9 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「To streamline assets, we are pursuing measures including the securitisation of trade receivables, inventory reduction and a review of cross-shareholdings. … Net assets increased substantially due to growth in retained earnings as well as gains in investment securities, so PBR at the end of fiscal 2025 was at the same level as at the end of the previous fiscal year. As net assets increased, the equity ratio improved from 30.9% at the end of the previous fiscal year to 33.9% at the end of fiscal 2025.」
The company continued measures to streamline assets. The equity ratio improved from 30.9% to 33.9%, while PBR remained at the same level as at the end of the previous fiscal year due to the increase in net assets. - FY2025RaisedAnnual report
「⑤ Improving capital efficiency, the financial position and PBR; reviewing inventory levels, the collection period for trade receivables and cross-shareholdings; slimming down total assets employed and making effective use of existing facilities to curb new capital investment; further enhancing shareholder returns; and actively communicating the company's growth strategy and other matters」
The company expanded its existing policy of selection and concentration to include improvements in capital efficiency, the financial position and PBR, reviews of inventory, trade receivables and cross-shareholdings, and more effective use of existing facilities. - FY2023-Q1AdvancedAnnual report
「Based on the Basic Policy on the Business Portfolio formulated at the end of 2021 and the TOHO Step Up Plan 2024 formulated in May 2022, we have been pursuing initiatives to further intensify selection and concentration in our businesses. We reviewed our management methods from the perspectives of the Group's business development, allocation of management resources, and management control framework, among others, and changed our reporting segments accordingly.」
Based on the Basic Policy on the Business Portfolio and the new medium-term management plan, the company reviewed its allocation of management resources and management methods and changed its reporting segments, moving acrylates from Specialty Chemicals to Resins. - FY2022RaisedAnnual report
「We will devote our full efforts to improving and strengthening profitability by pursuing selection and concentration even more thoroughly and concentrating management resources on growth businesses.」
The company has further intensified its existing policy of selection and concentration and placed the concentration of management resources on growth businesses at the forefront of its new plan to improve profitability. - FY2019RestatedAnnual report
「The situation now requires us to accelerate management more than ever.」
Against a backdrop of accelerating changes in the business environment, accelerating management remains a key focus of the new medium-term management plan. - FY2016First statedAnnual report
「Under the plan, we promoted speed-focused management, worked to thoroughly implement management transparency and selection and concentration, and pursued a Group-wide shift in mindset.」
It is described in the past tense as a measure under the Sixth Medium-Term Management Plan.