Establishing a Consolidated Cost of Sales Ratio of 70% or Less
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2025.
60 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Specifically, to establish a consolidated cost-of-sales ratio of less than 70%, we will seek to further strengthen earning power alongside high quality through productivity- and profitability-focused improvement activities on the production lines for major products and by strengthening the frontline workforce supporting those activities.」
The target of a consolidated cost-of-sales ratio of less than 70% was maintained, and the strengthening of the frontline workforce, in addition to improvement activities, was reaffirmed as a means of achieving it. - FY2024RestatedAnnual report
「Specifically, to establish a consolidated cost-of-sales ratio of less than 70%, we will seek to further strengthen earning power alongside high quality through productivity- and profitability-focused improvement activities on the production lines for major products and by strengthening the frontline workforce supporting those activities.」
The target of a consolidated cost-of-sales ratio of less than 70% was maintained, and improvement activities on production lines and the strengthening of the frontline workforce were reaffirmed as the means of achieving it. - FY2023RaisedAnnual report
「Specifically, to establish a consolidated cost-of-sales ratio of less than 70%, we will seek to create earning power alongside high quality through productivity- and profitability-focused improvement activities on the production lines for major products.」
The target wording was tightened from the previous “consolidated cost-of-sales ratio of 70% or less” to “less than 70%,” with productivity- and profitability-focused improvement activities identified as the means of achieving it. - FY2020RestatedAnnual report
「During the consolidated fiscal year, to establish a consolidated cost-of-sales ratio of 70% or less, the Company set target operating conditions emphasizing productivity and profitability for existing production lines for major products, including automotive belts and power transmission belts for general industrial use, and promoted cost reductions through the development of innovative production methods and the construction of automated lines.」
The target of a consolidated cost-of-sales ratio of 70% or less and the means of achieving it through innovative manufacturing processes and automated lines continue to be stated, but no actual results against the target are provided. - FY2019First statedAnnual report
「Against this backdrop, in the second year of BF-2, our group will seek to achieve its management targets under the following four guidelines. Specifically, to establish a consolidated cost-of-sales ratio of 70% or less, we will promote cost reductions on existing production lines for major products, including automotive belts and power-transmission belts for general industry, through the development of innovative manufacturing processes and the construction of automated lines.」
BF-2's manufacturing guidelines state for the first time a measurable target of a consolidated cost-of-sales ratio of 70% or less and the means of achieving it through innovative manufacturing processes and automated lines.