Improving Profitability through Cost Reductions and Global Procurement
First written in FY2018. 5 of 9 entries say "Advanced", first in FY2019. Latest entry: FY2026.
32 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「We are working to secure a stable supply of raw materials by leveraging the diversification of suppliers, including overseas suppliers, advanced during the previous medium-term management plan period (FY2023–FY2025), while promoting the appropriate pass-through of costs to customers.」
Profitability improvement measures are being translated into concrete actions, including supplier diversification through supply chain reform, securing a stable supply of raw materials and implementing price pass-through. - FY2026-H1RestatedAnnual report
「In response to these changes, we are working to strengthen the earnings power of our core businesses by implementing the business portfolio reforms set out in the New Medium-Term Management Plan 2025, which are aimed at shifting to high-value-added businesses. We are also focusing on the continued implementation of the Major Manufacturing Transformation, aimed at improving efficiency across the entire supply chain, and advancing production-facility reforms, including the consolidation and integration of production facilities.」
The company stated that it is continuing to strengthen the earnings power of its core businesses through the shift to high-value-added businesses, the major manufacturing transformation and production-facility reforms. - FY2025AdvancedAnnual report
「Cost reductions across the entire supply chain and working capital compression are progressing at a pace exceeding the targets of ¥3 billion in incremental operating profit over the three years of the medium-term management plan and ¥5 billion in working capital compression,」
The company set targets of ¥3 billion in incremental operating profit and ¥5 billion in working capital compression over three years through its major manufacturing transformation, and stated that progress is ahead of plan. - FY2024AdvancedAnnual report
「1. Scenario for accelerating transformation toward the desired future state ① Review of core businesses ● Reduce costs through efficiency improvements across the entire supply chain under the cross-functional internal project "Major Manufacturing Reform" ● Restore earnings power through appropriate pricing that reflects soaring raw material, fuel and materials costs ● Reduce raw material costs through proactive procurement of overseas raw materials ● Improve cash flow by reducing inventories ● Improve profitability in the urethane business through alliances with other companies and other measures」
The former cost-cutting and global procurement initiatives are being translated into concrete measures, including a major manufacturing transformation, price optimisation, overseas procurement, inventory reduction and alliances in the urethane business. - FY2023ReframedAnnual report
「"Review of core businesses": The company will reform the entire supply chain and implement structural reforms in the urethane and superabsorbent polymer (SAP) businesses to improve profitability.」
The company is expanding its previous profitability improvement measures centered on cost reductions and global procurement to include reform of the entire supply chain and structural reform of its core businesses. - FY2019AdvancedAnnual report
「For raw material purchases, the company will also launch a "Global Procurement Project," work with overseas group companies and promote stable, low-cost sourcing of raw materials.」
The company is moving its cost reduction and global procurement policy into the execution stage by launching the Global Procurement Project and working with overseas group companies. - FY2018First statedAnnual report
「② Improving profitability through cost reductions, global procurement and other measures」
As a key measure for fiscal 2018 under the 10th Medium-Term Management Plan, the company explicitly identified cost reductions and global procurement as measures to improve profitability for the first time.