Business Selection and Concentration
First written in FY2016. 3 of 9 entries say "Restated". Latest entry: FY2026.
Shinto Paint moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
75 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In industrial and general-purpose paints, we will concentrate development resources on areas in which our company excels and focus on developing and expanding sales of products that appeal to customers’ environmental, safety and energy-saving priorities.」
The policy of selection and concentration was made more specific by focusing development resources in the company’s areas of strength in industrial and general-purpose paints and developing and expanding sales of products that address environmental, safety and energy-saving needs. - FY2025ReframedAnnual report
「In addition, we will focus on the industrial sector, including automotive, and aim to build a structure capable of securing stable earnings continuously by delivering products and technologies that realise the value and functionality our customers require.」
The focus of selection and concentration was made more specific: in addition to company-wide improvements centred on quality, the company will focus on the industrial sector, including automotive, and build a structure for stable earnings. - FY2024ReframedAnnual report
「Under the medium-term management plan for fiscal years 2023–2025, rather than pursuing an expansion in net sales, all employees of our group worked together to steadily implement fundamental improvements to our corporate culture, making the recovery of trust among our business partners the highest priority. Specifically, while continuing to make paint formulation and manufacturing technology the core of our business development, we made providing products that earn the confidence and trust of our business partners the highest priority, and pursued 3 basic policies: improving productivity through higher yield rates using data, standardising operations, and simplifying the organisation; and improving profit margins by examining various opportunities for collaboration with other companies in the same industry.」
The focus of business selection and concentration was restructured from sales growth toward restoring trust, improving productivity and profit margins with quality at the core, and exploring collaboration with other companies in the same industry. - FY2022RaisedAnnual report
「We will accelerate consideration of further functional enhancement of paint products and productivity improvements, combined with thoroughgoing measures to prevent recurrence and efforts to reform our corporate culture and improve our organisational capabilities, including product development contributing to “Shinto for the Environment” and withdrawal from unprofitable products.」
The scope has expanded beyond the previous selection and concentration approach to include reviewing the product portfolio, including withdrawal from unprofitable products, combined with quality improvements and corporate-culture reform. - FY2020RestatedAnnual report
「For capital investment that contributes to growth investment and improved profitability, we will assess profitability in light of its consistency with our medium- to long-term management strategy before making decisions.」
The selective approach of assessing investments for consistency with the medium- to long-term strategy and profitability continues. - FY2019RestatedAnnual report
「Pursue business selection and concentration further and build a structure capable of responding to changes in the business environment」
The policy of pursuing business selection and concentration further and building a structure capable of responding to environmental changes continues. - FY2018RaisedAnnual report
「Amid expectations of a challenging market environment, including the structural contraction of the domestic market and concerns over rising raw material prices, our Group will further advance the selection and concentration of businesses, build a structure capable of responding to changes in the business environment, and work toward becoming a company that generates sustainable revenue and profit.」
The company has indicated a policy of pursuing business selection and concentration further than before and building a structure capable of responding to changes in the business environment. - FY2017RestatedAnnual report
「Each division is working diligently as one to select and concentrate on businesses, including developing new products and selectively making strategic capital investments.」
The annual report also states the continued policy of selecting and concentrating on businesses through new-product development and selective capital investment. - FY2016First statedAnnual report
「Each division is working diligently as one to select and concentrate on businesses, including developing new products and selectively making strategic capital investments.」
The company has indicated an approach of selecting investments and businesses and concentrating resources across the group.