Introduction of a new domestic trading system
First written in FY2019-Q1. 4 of 5 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2020-Q1.
0 other companies' latest entry also says "Advanced".
- FY2020-Q1AdvancedAnnual report
「Domestic business revenue increased year on year. This was attributable to strong domestic sales, particularly in the Water Technology and Housing Technology businesses, against a backdrop of increased new housing starts in the fourth quarter of the previous fiscal year, as well as the stabilization of the domestic sales structure following the introduction of the new trading system in the first half of the previous fiscal year and the effect of launching new products.」
The continued stabilization of the domestic sales structure following the introduction of the new trading system and the effects of new product launches contributed to higher revenue in the domestic business. - FY2019AdvancedAnnual report
「The domestic business improved in the second half as a result of measures advanced since the start of the fiscal year, including promoting the adoption of the new trading system and stabilizing the sales structure.」
The Company explained that the adoption of the new trading system and stabilization of the sales structure progressed, contributing to the recovery of the domestic business following natural disasters. - FY2019-Q3AdvancedAnnual report
「Although domestic demand fell sharply in the cumulative second quarter because of natural disasters and other factors, revenue increased as a result of higher demand for building materials from October onward, along with the adoption of the new trading system promoted since the beginning of the fiscal year and the stabilization of the domestic sales structure.」
The new domestic trading system became more established and the domestic sales structure stabilized, contributing to higher revenue in the domestic business together with increased demand for building materials following natural disasters. - FY2019-Q2AdvancedAnnual report
「The domestic business was affected by unplanned, one-time costs related to the introduction of the new trading system, implemented from the first quarter of the fiscal year. However, the impact had largely subsided during the second quarter.」
The Company reported progress on the new domestic trading system introduced in April 2018, indicating that the impact of unplanned one-off costs had almost run its course during the second quarter. - FY2019-Q1First statedAnnual report
「Approximately two-thirds of the decline in business profit was attributable to temporary factors anticipated from the start of the fiscal year, including higher costs associated with the introduction of a new domestic trading system and the transition to a new organizational structure in April 2018, as well as proactive marketing investment overseas. Although these initiatives will affect results in the short term, we recognize that advancing them is extremely important for the Company to continue growing over the medium to long term.」
The Company first presented independently the introduction of a new domestic trading system in April 2018 and the transition to a new organizational structure as specific measures to contain the decline in profit margins, accelerate decision-making and improve operating efficiency.