Scaling Back or Exiting Sales of Low-Margin Products
First written in FY2018. 8 of 10 entries say "Restated". Latest entry: FY2021.
- FY2021RestatedAnnual report
「Revenue declined from the previous fiscal year because the relevant project had been scaled down completely during the current consolidated fiscal year.」
The Company continues to disclose that the contraction of unprofitable projects has been completed to improve profitability and that this has resulted in lower revenue from the domestic business. - 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 revenue declined year on year because the reduction of unprofitable projects was completed, and continues to pursue a policy of reducing sales with a focus on profitability. - FY2021-Q1AdvancedAnnual report
「In the domestic business, the reduction of unprofitable projects aimed at improving profitability was still under way during the cumulative first quarter of the previous consolidated fiscal year, and some sales of those projects continued. In the cumulative first quarter of the current consolidated fiscal year, however, the reduction had been completed, resulting in lower revenue than in the same period of the previous year.」
Regarding the reduction of unprofitable projects to improve profitability, the Company states that the reduction was still in progress in the previous fiscal year but had been completed by the first quarter of the current fiscal year. - FY2020RestatedAnnual report
「Specifically, in the domestic business, where profitability has declined, the Company seeks to improve profitability by selecting and concentrating its businesses, including scaling back unprofitable operations, streamlining its business structure, and consolidating and reducing its sales and production sites and head office functions.」
The Company continues to reduce unprofitable businesses in Japan, pursue business selection and concentration, and consolidate and downsize its offices and head office functions. - 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.」
The Company continues to pursue a policy of improving profitability by scaling back unprofitable businesses and streamlining its business structure in the domestic business. - FY2020-Q2RestatedAnnual report
「Meanwhile, the domestic business is working to improve performance by streamlining its business structure, including by reducing unprofitable businesses and consolidating and downsizing sales and production sites and head-office functions.」
The Company continues to pursue a policy of improving profitability by scaling back unprofitable businesses and streamlining its business structure in the domestic business. - FY2020-Q1RestatedAnnual report
「In the domestic business, the Company is seeking improvement by streamlining its business structure through measures including the downsizing of unprofitable businesses and the consolidation and downsizing of sales and production sites and head office functions」
The Company continues to streamline its operating structure in the domestic business, including by scaling back unprofitable businesses. - FY2019-Q2RestatedAnnual report
「The impact of reducing or withdrawing from sales of low-margin products since the second half of the previous consolidated fiscal year」
The company continues to reduce or withdraw from sales of low-margin products, stating that this contributed to the decline in net sales. - FY2019-Q1RestatedAnnual report
「The impact of reducing or withdrawing from sales of low-margin products since the second half of the previous consolidated fiscal year」
The company states that it continued to reduce or withdraw from sales of low-margin products, and that this contributed to the decrease in revenue for the quarter. - FY2018First statedAnnual report
「Revenue for the current consolidated fiscal year decreased from the previous consolidated fiscal year because the company reduced or withdrew from sales of low-margin products.」
The Company has for the first time explicitly identified the reduction or withdrawal from sales of low-margin products as a factor behind the decline in revenue.