Strengthening KPI, cost and earnings management through the Management Innovation Committee
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2023.
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- FY2023AdvancedAnnual report
「The committee met 23 times during the fiscal year and addressed matters relating to groupwide business strategy, including reviews of the business portfolio and business strategies, the structure of group companies and the organization and review of their respective functions, and monitoring progress in business structural reform.」
The Management Innovation Committee met 23 times and operated as a groupwide management function covering the portfolio, business strategies, the structure of group companies, and structural reform. The SAVE Committee and GAIN Committee were also reorganized. - FY2022RestatedAnnual report
「The Management Efficiency Committee was held 26 times, chaired by Director, President and CEO Ito, and its members, comprising the heads of the corporate divisions and business divisions, considered reviews of the business portfolio and business strategies, fixed-cost reductions, and stronger group governance to improve management efficiency. The Save Committee was held 12 times, and the Gain Committee was held 12 times.」
KPI, cost and earnings management by the Management Innovation Committee and its subcommittees continued, with full-year results disclosed for activities covering the portfolio, fixed costs, and sales and procurement capabilities. - FY2021AdvancedAnnual report
「The Management Efficiency Committee was held 26 times, chaired by Director and President Ito, and its members, comprising the heads of the corporate divisions and companies, considered reviews of the business portfolio and business strategies, fixed-cost reductions, and stronger group governance to improve management efficiency. The Save Committee was held 11 times, and the Gain Committee was held 16 times.」
The subcommittees under the Management Innovation Committee were put into operation, and results were disclosed for activities involving KPI and earnings management covering the business portfolio, fixed costs, and sales and procurement capabilities. - FY2020First statedAnnual report
「The committee was established in April 2020 as an organization to strongly promote the strengthening of cross-functional capabilities across the group by the corporate divisions, as well as cost reductions and improved earnings through strict management of KPIs (key performance indicators).」
In April 2020, the Management Innovation Committee, chaired by the President, was established, creating a new structure to promote initiatives covering the business portfolio, cost reductions, and stronger sales and purchasing capabilities through the Management Efficiency Committee, Save Committee and Gain Committee.