Accelerating cross-group synergies and post-M&A integration

「このたび、当初の目的であった事業承継が完了したことから、グループ内の組織の効率化および一体運営によるシナジーの最大化を図るため、同社を吸収合併することといたしました。」

「With regard to cost reductions, in addition to the benefits emerging from structural reforms pursued in overseas businesses, such as optimizing workforce allocation and sales strategies, and continued efforts to reduce selling, general and administrative expenses, including head-office costs, we also worked to rebuild the supply chain and optimize the business portfolio.」

「過去1年で、約10％の人員削減を達成」

「Business profit increased to ¥20.556 billion, up 46.4% year on year, due to higher renovation sales and the effects of price revisions in domestic operations, as well as improved sales in Europe and the Middle East and profit improvements resulting from structural reforms overseas.」

「In particular, entering into a strategic partnership covering the US bathtub business, including the transfer of part of the business to American Bath Group (ABG), a leading US bathroom company, is highly significant for the recovery of the US business. The partnership will enable us to expand sales through the networks of both companies and focus on more profitable business areas.」

「Business profit increased by ¥15.238 billion, up 107.7% year on year, as higher renovation sales and the effects of price revisions offset the impact of higher selling, general and administrative expenses, including IT depreciation expenses, in the domestic business, while improved sales in Europe and the Middle East and the effects of structural reforms also contributed in the overseas business.」

「We believe the next fiscal year will be a year of laying the foundations for significant future profit growth. The timing of an economic recovery in Europe and the United States remains uncertain, and we are not optimistic about the market environment outlook for the next fiscal year. We assume that overseas demand will remain at the same level as in the previous fiscal year and that new housing starts in Japan will also be weak. The results of these initiatives are expected to contribute to improved profitability from the next fiscal year onward.」

「In the overseas business, the operating environment, particularly in Europe, remains difficult to view optimistically. However, we are pursuing structural reforms to increase management flexibility ahead of a future recovery in demand, and expect some of the benefits to emerge from the fourth quarter of the current fiscal year.」

「In the overseas business, we are comprehensively reviewing the business structure and will accelerate structural reforms aimed at improving productivity.」

「To prepare for the risk of disruptions to global supply chains, we will move toward procurement and production within each region, in addition to existing measures such as diversifying suppliers and establishing production platforms.」

「The Group is strengthening the resilience of its core businesses to changes in the external environment by pursuing various measures, including expanding the provision of differentiated products, adopting advanced new materials for raw materials, reorganizing the supply chain to increase agility, and transforming and optimizing business models in overseas markets such as the United States and China.」

「In the overseas business, we are expanding operations by leveraging our global production system to fill gaps in brand portfolios in each region and by utilizing advanced technologies developed in Japan.」

「In both our business strategy and operations, the Group continues to evolve into a stronger organization. Specifically, the transfer of shares in Permasteelisa and ＬＩＸＩＬビバ社 is expected to significantly improve the balance sheet and further strengthen our financial base. We are also building a flexible and responsive supply chain and adapting to changes in the operating environment by enabling employees to improve productivity through working from home and establishing new forms of communication with various stakeholders.」

「We are working to improve productivity and efficiency by focusing on our core businesses and expanding synergies between businesses.」

「To achieve our full-year performance targets, we will continue to improve productivity in our domestic businesses, while making the expansion of sales of synergy products and the expansion of new businesses overseas our top priorities and further strengthening these initiatives.」

「To achieve our full-year performance targets, we will continue to improve productivity in the domestic business while making the expansion of sales of synergy products overseas and the expansion of new businesses our top priorities, and will further strengthen these initiatives.」

「Accordingly, we will accelerate initiatives to review the cost structure and improve productivity in the domestic business. In the overseas business, we will make effective use of management resources within the Group and maximize synergies across regions to achieve further development.」

「Initiatives to offer a full range of water-related products in overseas markets progressed smoothly.」

「In the Water Technology business, we are steadily implementing our strategy to offer a full range of water-related products in markets worldwide and will pursue further growth by maximizing synergies.」

「In addition to the successful launch of new products overseas by LWT and the contribution of synergies, LWT's Japan business and the Kitchen Technology business, which operates the kitchen business, achieved growth rates exceeding market growth in every product category through product differentiation, contributing to higher revenue.」

「In the Water Technology business, sales of mainly mid- to high-priced products grew as a result of active marketing activities in Japan and overseas, while continued cost reductions from synergies also contributed. As a result, revenue increased 7.8% year on year to ¥529.368 billion and business profit rose 0.6% to ¥53.890 billion, resulting in higher revenue and profit.」

「By leveraging new technologies and infrastructure, we will build an efficient and flexible supply chain management system and improve cost management.」

「We will accelerate the post-M&A business integration process by optimizing the supply chain globally and strengthening collaboration in product development, while further strengthening governance.」