Blast furnace shutdowns, temporary suspension of operations and cash flow measures in response to a sharp drop in demand
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022.
0 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「COVID-19 has not yet been brought under control, and we must continue to closely monitor developments. While implementing prompt and appropriate measures suited to the characteristics of each business, we will continue efforts to prevent infection among employees and other related parties.」
We continue to address the effects of the infectious disease on demand and operations and to operate our businesses flexibly in line with their respective characteristics. - FY2021From temporary blast furnace idlings to restart and production optimizationAnnual report
「In response to the substantial decline in steel demand in the first half of the fiscal year, the steel business implemented emergency measures, including the temporary idling of 2 blast furnaces.」
In response to the sharp decline in demand, we temporarily idled 2 blast furnaces and took other measures. In the second half, we captured the recovery in demand through the rapid restart of blast furnaces and production optimization using data science technology. - FY2020First statedAnnual report
「To respond to the sharp decline in demand resulting from the spread of COVID-19, we idled No. 4 blast furnace at the Kurashiki District of the West Japan Works at the end of April this year and brought forward the blast furnace refurbishment work. We also began preparations to bank No. 4 blast furnace at the Fukuyama District at the end of June.」
In response to the sharp decline in demand caused by COVID-19, we outlined for the first time a package of measures comprising the idling of No. 4 blast furnace at Kurashiki at the end of April and the acceleration of its refurbishment, banking of No. 4 blast furnace at Fukuyama at the end of June, temporary shutdowns, fixed-cost reductions, inventory reductions and selective capital investment.