Improving Profitability by Strengthening Cost Competitiveness
First written in FY2017-Q1. 14 of 37 entries say "Worsened", first in FY2020. Latest entry: FY2027-H1.
Toyo Asano Foundation moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 6 of 21 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「However, the impact of declining demand and intensifying competition in our main market areas substantially outweighed the effects of these initiatives. We recognize that our current initiatives alone are insufficient, and from the second half onward we will further strengthen the measures under our Reform strategy.」
Although the company pursued manufacturing cost reductions in line with operating rates and controlled expenses, the effects of lower demand and intensifying competition outweighed those benefits. It indicates that its current initiatives are insufficient and that measures will be strengthened from the second half onward. - FY2026WorsenedAnnual report
「Gross profit for the current fiscal year declined 25.0% year on year to ¥2,042 million as a result of the decline in revenue described above. The gross profit margin decreased from 18.9% in the previous fiscal year to 17.5% in the current fiscal year, mainly due to the factors described above.」
While implementing cost reductions and project-by-project profit management under the Reform strategy, the gross profit margin declined from 18.9% to 17.5%, resulting in weaker profitability. - 2026-04-10WorsenedFinancial results
「Although profit margins per property have not declined, revenue fell below expectations due to factors including timing differences in properties, and the increased fixed-cost burden resulting from lower operating rates caused business profit to decline substantially.」
The company reported that profit margins were maintained through profitability management by property, while timing differences and lower operating rates increased the fixed-cost burden and reduced business profit, resulting in weaker profitability. - FY2026-H1AdvancedAnnual report
「Revenue generally tracked the initial plan, while profit benefited from the large number of projects completed in the second quarter and the effectiveness of various margin improvement measures under the Reform strategy, including thorough cost management, cost reductions, and project-by-project profit management. As a result, revenue for the interim consolidated accounting period was ¥7,156 million, up 4.0% from the previous interim consolidated accounting period, and operating profit was ¥757 million, up 39.4%.」
Cost management, cost reductions, and project-by-project profit management under the Reform strategy proved effective, increasing operating profit in the foundation business 39.4% year on year. - FY2025AdvancedAnnual report
「Despite the decline in revenue described above, gross profit for the current fiscal year decreased 3.0% year on year to ¥2,723 million as a result of the thorough accumulation of profit improvement measures under the Reform strategy aimed at improving profitability. The gross profit margin increased from 18.6% in the previous fiscal year to 18.9% in the current fiscal year, mainly due to the factors described above.」
While revenue and gross profit declined, the gross profit margin rose from 18.6% to 18.9% as a result of profit improvement measures under the Reform strategy. Operating profit declined 34.3%, so improvement and deterioration coexisted. - FY2025-H1WorsenedAnnual report
「Because many projects for which construction starts had been expected in the second quarter under the initial plan were postponed, revenue for the interim consolidated accounting period was ¥6,878 million, down 5.8% from the previous interim consolidated accounting period, and operating profit was ¥543 million, down 31.4%.」
Many projects for which construction starts had been expected in the second quarter under the initial plan were postponed, resulting in a 5.8% decline in revenue and a 31.4% decline in operating profit in the foundation business. This indicates deterioration in earnings relative to the cost competitiveness and profitability improvement theme. - FY2025-Q1WorsenedAnnual report
「Although revenue increased because a large volume of construction work was concentrated in the first quarter amid a challenging demand environment, costs rose because of higher logistics costs and Saturday closures at construction sites. As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥4,376 million, up 10.7% year on year, while operating profit was ¥385 million, down 8.8% year on year.」
Although revenue increased 10.7% year on year, higher costs due to increased logistics expenses and Saturday closures caused operating profit to decline 8.8%, indicating deterioration relative to the profitability improvement theme. - FY2024AdvancedAnnual report
「Despite the decline in revenue described above, gross profit for the current fiscal year increased 35.1% year on year to ¥2,805 million as a result of the thorough accumulation of profit improvement measures under the Reform strategy aimed at improving profitability. The gross profit margin increased from 11.4% in the previous fiscal year to 18.6% in the current fiscal year, mainly due to the factors described above.」
Despite lower revenue resulting from declining demand, profit improvement measures under the Reform strategy raised the gross profit margin from 11.4% to 18.6%, resulting in concrete progress in improving profitability. - FY2024-Q3AdvancedAnnual report
「Although revenue declined due to lower demand, the thorough implementation of measures undertaken since the previous fiscal year, including cost reduction and management and project-by-project profit management, proved effective. As a result, revenue for the cumulative third quarter of the fiscal year was ¥11,842 million, down 3.9% year on year, while operating profit was ¥1,136 million, up 89.1%.」
Although revenue declined 3.9% year on year due to lower demand, cost reduction and management and project-by-project profit management proved effective, increasing operating profit in the foundation business 89.1% year on year. The company has demonstrated measurable progress in improving profitability. - FY2024-Q2AdvancedAnnual report
「Although revenue declined due to lower demand, the thorough implementation of measures undertaken since the previous fiscal year, including cost reduction and management and project-by-project profit management, proved effective. As a result, revenue for the cumulative second quarter of the fiscal year was ¥7,305 million, down 18.0% year on year, while operating profit was ¥791 million, up 42.8%.」
While revenue declined 18.0% due to lower demand, cost reduction and management and project-by-project profit management proved effective, increasing operating profit 42.8% year on year. The company has demonstrated measurable progress in improving profitability. - FY2024-Q1AdvancedAnnual report
「As the thorough implementation of measures undertaken since the previous fiscal year, including cost reduction and management and project-by-project earnings management, proved effective, revenue for the cumulative first quarter of the fiscal year was ¥3,952 million, down 13.4% year on year, while operating profit was ¥422 million, up 88.5%.」
Although revenue declined due to lower demand, thorough cost reduction and management and project-by-project earnings management proved effective, increasing operating profit in the foundation business by 88.5% year on year. - FY2023-Q3AdvancedAnnual report
「Production during the cumulative third quarter of the fiscal year was in line with the plan. Although the business environment was extremely difficult and raw material prices were soaring, thorough cost management resulted in revenue of ¥1,424 million, down 0.3% year on year, and operating profit of ¥27 million, compared with an operating loss of ¥5 million in the same quarter of the previous fiscal year.」
Despite soaring raw material prices, thorough cost management improved operating profit in the concrete segment business from a loss in the same quarter of the previous year to profit of ¥27 million. The company has demonstrated measurable progress in strengthening cost competitiveness and improving profitability. - FY2023-Q2AdvancedAnnual report
「Production during the cumulative second quarter of the fiscal year was in line with the plan. Although the business environment was extremely difficult and raw material prices were soaring, thorough cost management resulted in revenue of ¥936 million, down 4.3% year on year, and operating profit of ¥21 million, compared with profit of ¥1 million in the same quarter of the previous fiscal year.」
Despite soaring raw material prices, thorough cost management increased operating profit in the concrete segment business from ¥1 million in the same quarter of the previous year to ¥21 million. - FY2023-Q1AdvancedAnnual report
「Production during the cumulative first quarter of the fiscal year was in line with the plan. Although the business environment was extremely difficult and raw material prices were soaring, thorough cost management resulted in revenue of ¥474 million, down 11.7% year on year, and operating profit of ¥4 million, compared with an operating loss of ¥1 million in the same quarter of the previous fiscal year.」
Despite the difficult environment of soaring raw material prices, thorough cost management turned the concrete segment business from an operating loss in the previous year into operating profit. Concrete improvement in earnings is shown in response to the theme of strengthening cost competitiveness and improving profitability. - FY2022WorsenedAnnual report
「The gross profit margin in the precast concrete products and construction businesses declined from 13.1% in the previous fiscal year to 12.1% in the current fiscal year, mainly due to the factors described above.」
Soaring raw material prices, higher construction costs, particularly personnel expenses, and price competition caused the gross profit margin to fall from 13.1% to 12.1%, while operating profit also declined 53.4%. - FY2022-Q3WorsenedAnnual report
「We have secured a large number of orders through active sales activities, but raw material prices for market-based products and other materials rose more than initially expected, while personnel and manufacturing expenses increased substantially to handle the peak season. As a result, revenue for the cumulative third quarter of the fiscal year was ¥6,466 million, up 14.7% year on year, and operating profit was ¥192 million, down 21.3%.」
While securing orders drove a 14.7% increase in revenue, higher raw material prices, personnel expenses, and manufacturing expenses caused operating profit to decline 21.3%, indicating deterioration in profitability improvement performance. - FY2022-Q2WorsenedAnnual report
「Under these circumstances, we conducted active sales activities, but as a result of the impact of soaring raw material prices, revenue for the cumulative second quarter of the fiscal year was ¥3,545 million, up 7.0% year on year, while operating profit was ¥7 million, down 94.2%.」
Although the company conducted active sales activities, operating profit in the concrete pile division fell 94.2% year on year due to soaring raw material prices, indicating deterioration relative to the profitability improvement theme. - FY2022-Q1AdvancedAnnual report
「As a result, revenue for the cumulative first quarter of the fiscal year was ¥4,179 million, up 50.5% year on year; operating profit was ¥80 million, compared with an operating loss of ¥153 million in the same quarter of the previous fiscal year; ordinary profit was ¥84 million, compared with an ordinary loss of ¥162 million; and net profit attributable to owners of the parent was ¥61 million, compared with a net loss of ¥127 million.」
Operating loss, ordinary loss, and net loss in the same quarter of the previous year turned into profits in the current quarter, while revenue also increased 50.5%. Against the goal of improving profitability through stronger cost competitiveness, the quarter's profitability indicators improved. - FY2021WorsenedAnnual report
「In the concrete pile business, we worked to secure revenue and profitability by stabilizing unit costs through maintaining capacity utilization while thoroughly managing costs. The gross profit margin declined from 14.9% in the previous fiscal year to 13.1% in the current fiscal year, partly due to price competition to secure sales volumes in the precast concrete products and construction businesses.」
While working to maintain capacity utilization and manage costs, price competition to secure sales volumes caused the gross profit margin to fall from 14.9% to 13.1%, worsening performance relative to the goal of improving profitability. - FY2021-Q2WorsenedAnnual report
「As a result, revenue for the cumulative second quarter of the fiscal year was ¥7,207 million, up 19.3% year on year; operating profit was ¥109 million, down 29.0%; ordinary profit was ¥96 million, down 38.7%; and net profit attributable to owners of the parent was ¥35 million, down 59.3%.」
Although revenue increased, operating profit, ordinary profit, and net profit attributable to owners of the parent all fell below the previous year, indicating deterioration in profit performance relative to the goal of improving profitability. - FY2021-Q1WorsenedAnnual report
「As a result, revenue for the cumulative first quarter of the fiscal year was ¥2,776 million, down 18.8% year on year; operating loss was ¥153 million, compared with operating profit of ¥146 million in the same quarter of the previous fiscal year; ordinary loss was ¥162 million, compared with ordinary profit of ¥155 million; and net loss attributable to owners of the parent was ¥127 million, compared with net profit of ¥94 million.」
Against the policy of improving profitability, revenue fell 18.8%, while operating profit, ordinary profit, and net profit attributable to owners of the parent all turned into losses. - FY2020WorsenedAnnual report
「Gross profit for the current fiscal year decreased 36.6% year on year to ¥1,989 million, as the cost ratio rose due to lower capacity utilization in addition to the decline in revenue described above. The gross profit margin likewise fell from 19.1% in the previous fiscal year to 14.9% in the current fiscal year.」
While advancing cost management and reductions, the gross profit margin declined from 19.1% to 14.9% due to lower demand and capacity utilization, resulting in weaker profitability. - FY2019AdvancedAnnual report
「Under the management principles of “customer first,” “pursuit of rationality,” and “observance of human ethics,” the Group has set as objectives in its Three-Year Medium-Term Management Plan the ability to respond rapidly and accurately to changes in the environment and the strengthening of expertise. In addition to pursuing safe and reliable quality, we will continue reducing costs and aim to improve profitability.」
Alongside indicating a policy of continuing cost reductions, it reports a numerical improvement in profitability, with the gross profit margin rising from 15.9% in the previous fiscal year to 19.1%. - FY2019-Q3RestatedAnnual report
「Amid this business environment, under the management principles of “customer first,” “pursuit of rationality” and “observance of human ethics,” the Group has set as objectives, in accordance with the Fifth Three-Year Medium-Term Management Plan launched in fiscal 2016, the ability to respond rapidly and accurately to changes in the business environment and the strengthening of expertise. In addition to pursuing safe, reliable quality, we will continue to reduce costs and seek to improve profitability.」
Under the Fifth Three-Year Medium-Term Management Plan, the company continues to indicate a policy of improving profitability by pursuing quality and reducing costs. - FY2019-Q2RestatedAnnual report
「Amid this business environment, under the management principles of “customer first,” “pursuit of rationality” and “observance of human ethics,” the Group has set as objectives, in accordance with the Fifth Three-Year Medium-Term Management Plan launched in fiscal 2016, the ability to respond rapidly and accurately to changes in the business environment and the strengthening of expertise. In addition to pursuing safe, reliable quality, we will continue to reduce costs and seek to improve profitability.」
Under the Fifth Three-Year Medium-Term Management Plan, the company continues to indicate a policy of improving profitability through the pursuit of quality and cost reduction. - FY2019-Q1RestatedAnnual report
「Amid this business environment, under the management principles of “customer first,” “pursuit of rationality” and “observance of human ethics,” the Group has set as objectives, in accordance with the Fifth Three-Year Medium-Term Management Plan launched in fiscal 2016, the ability to respond rapidly and accurately to changes in the business environment and the strengthening of expertise. In addition to pursuing safe, reliable quality, we will continue to reduce costs and seek to improve profitability.」
Under the Fifth Three-Year Medium-Term Management Plan, the company continues to indicate a policy of improving profitability through the pursuit of quality and cost reduction. - FY2018AdvancedAnnual report
「Under the management principles of “customer first,” “pursuit of rationality,” and “observance of human ethics,” the Group has set as objectives in its Three-Year Medium-Term Management Plan the ability to respond rapidly and accurately to changes in the environment and the strengthening of expertise. In addition to pursuing safe and reliable quality, we will continue reducing costs and aim to improve profitability.」
It states that the company is continuing its policy of reducing costs and improving profitability, and that profitability in the pile business improved substantially. - FY2018-Q3RestatedAnnual report
「Amid this business environment, under the management principles of “customer first,” “pursuit of rationality” and “observance of human ethics,” the Group has set as objectives, in accordance with the Fifth Three-Year Medium-Term Management Plan launched in fiscal 2016, the ability to respond rapidly and accurately to changes in the business environment and the strengthening of expertise. In addition to pursuing safe, reliable quality, we will continue to reduce costs and seek to improve profitability.」
Under the Fifth Three-Year Medium-Term Management Plan, the company continues to indicate a policy of pursuing quality, reducing costs, and improving profitability. - FY2018-Q2RestatedAnnual report
「Amid this business environment, under the management principles of “customer first,” “pursuit of rationality” and “observance of human ethics,” the Group has set as objectives, in accordance with the Fifth Three-Year Medium-Term Management Plan launched in fiscal 2016, the ability to respond rapidly and accurately to changes in the business environment and the strengthening of expertise. In addition to pursuing safe, reliable quality, we will continue to reduce costs and seek to improve profitability.」
Under the Fifth Three-Year Medium-Term Management Plan, the company continues to indicate a policy of pursuing quality, reducing costs, and improving profitability. - FY2018-Q1RestatedAnnual report
「Amid this business environment, under the management principles of “customer first,” “pursuit of rationality” and “observance of human ethics,” the Group has set as objectives, in accordance with the Fifth Three-Year Medium-Term Management Plan launched in fiscal 2016, the ability to respond rapidly and accurately to changes in the business environment and the strengthening of expertise. In addition to pursuing safe, reliable quality, we will continue to reduce costs and seek to improve profitability.」
Under the Fifth Three-Year Medium-Term Management Plan, the company continues to indicate a policy of improving profitability by pursuing quality and reducing costs. - FY2017RestatedAnnual report
「In the concrete pile business, ensuring a higher level of construction quality than ever before is a given, and efforts are needed to communicate the value of the products and sell them to customers at appropriate prices.」
In addition to ensuring construction quality, the company indicates a direction of improving profitability by communicating product value and selling at appropriate prices. It also continues to state its policy of reducing costs under the Fifth Three-Year Medium-Term Management Plan. - FY2017-Q3RestatedAnnual report
「Amid this business environment, under the management principles of “customer first,” “pursuit of rationality” and “observance of human ethics,” the Group has set as objectives in the Fifth Three-Year Medium-Term Management Plan, newly launched this fiscal year, the ability to respond rapidly and accurately to changes in the business environment and the strengthening of expertise. Alongside the pursuit of safe, reliable quality, we will work to strengthen cost competitiveness and improve profitability.」
Under the Fifth Three-Year Medium-Term Management Plan, the company continues to aim to improve profitability by pursuing quality and strengthening cost competitiveness. - FY2017-Q2RestatedAnnual report
「In the concrete pile business, in addition to the lack of prospects for a recovery in demand, the industry is expected to face continued strict scrutiny of construction management for some time. More than ever, initiatives to strengthen cost competitiveness and ensure construction quality are required.」
In an environment where a recovery in demand is not expected, the company continues to prioritize initiatives to strengthen cost competitiveness and ensure construction quality. - FY2017-Q1First statedAnnual report
「Under the Fifth Three-Year Medium-Term Management Plan, which begins this fiscal year, we have set as objectives the ability to respond rapidly and accurately to changes in the environment and the strengthening of expertise. Alongside pursuing safe and reliable quality, we will work to strengthen cost competitiveness and improve profitability.」
Under the Fifth Three-Year Medium-Term Management Plan, the company aims to improve profitability by strengthening cost competitiveness while pursuing quality.