Maintaining Sales and Expanding Profit by Narrowing the Product and Customer Base
First written in FY2019-Q3. 4 of 7 entries say "Restated". Latest entry: FY2021.
2 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「In the previous fiscal year, the Company was in the process of scaling back unprofitable projects to improve profitability, and sales of those projects continued in part. In the current fiscal year, however, the scaling back of those projects has been completed, resulting in a year-on-year decrease in net sales.」
The Company continues to disclose that the contraction of unprofitable projects has been completed and that revenue has declined as a result of prioritising profitability over maintaining revenue. - FY2021-Q2RestatedAnnual report
「In the domestic business, during the previous second quarter cumulative period, the Company was in the process of scaling back unprofitable projects to improve profitability, and sales of some of those projects continued. During the current second quarter cumulative period, however, the scaling back of those projects had been completed, resulting in lower net sales than in the same quarter of the previous year.」
The company states that it had completed the reduction of unprofitable projects, including by narrowing its product and customer focus, resulting in lower sales in the domestic business. - FY2020RestatedAnnual report
「Meanwhile, although the domestic business recorded lower revenue than in the same period of the previous year because of the contraction of unprofitable businesses and the effects of narrowing the product range and customer base, operating profit increased because of lower manufacturing expenses resulting from the streamlining of the business structure and savings in personnel and other expenses.」
The Company continues to scale back unprofitable businesses and narrow its product and customer base, resulting in lower revenue, while stating that operating profit increased as a result of streamlining its operating structure. - FY2020-Q3RestatedAnnual report
「Meanwhile, revenue from the domestic business decreased from the same quarter of the previous year due to the contraction of unprofitable businesses and the narrowing of its product range and customer base. However, profit increased owing to lower manufacturing expenses resulting from the streamlining of the business structure and savings in personnel and other expenses.」
While continuing to narrow its product range and customer base, the company states that domestic business revenue declined year on year as a result. - FY2020-Q2The impact of lower revenue from narrowing the product and customer focus continuesAnnual report
「Meanwhile, domestic business revenue declined from the same quarter of the previous year due to the downsizing of unprofitable businesses and the narrowing of the product and customer base, although」
While the company continues to narrow its product lineup and customer base, it states that domestic business revenue has continued to decline as a result. - FY2020-Q1Revenue impact from narrowing the product and customer base becoming apparentAnnual report
「Domestic operations recorded lower revenue than in the same quarter of the previous year due to the contraction of unprofitable businesses and the narrowing of the product range and customer base, although」
While continuing to narrow its product range and customer base, the company states that domestic business revenue declined year on year as a result. - FY2019-Q3First statedAnnual report
「Maintaining revenue and expanding profit by narrowing the range of products and customer base」
As a measure to return the standalone domestic business to profitability under the Medium-Term Management Plan 2020–2022, the Company has for the first time explicitly stated a policy of narrowing its product and customer base while maintaining revenue and expanding profit.