Improving profitability through cost improvements and fixed-cost reductions

「In addition to the effect of higher revenue from the CFCC business, the company worked to reduce operating costs at production sites, while product price revisions in response to higher prices for various materials and personnel costs took hold. As a result, operating profit for the consolidated fiscal year was ¥4,849 million, up 35.3% from the previous fiscal year.」

「In terms of profitability, in addition to the effect of higher revenue, the company worked to reduce operating costs and product price revisions progressed in response to inflation, including higher prices for various materials and personnel costs. Operating profit was ¥1,413 million, up 20.7% year on year, and ordinary profit was ¥1,680 million, up 23.7%.」

「In terms of profitability, operating profit was ¥2,239 million, down 15.2% from the previous consolidated fiscal year, due in part to lower sales of high-value-added, high-end products that had performed well in the previous fiscal year, as well as higher personnel, research and other expenses.」

「Efforts to secure an appropriate profit margin absorbed surging prices for various materials and energy and led to some improvement in margins, resulting in higher profit than in the same period of the previous year.」

「Although sales volume declined, efforts to improve the sales mix, improve margins through price pass-through in response to surging electricity and material costs, and reduce costs by reviewing the operating structure in line with production scale substantially narrowed the operating loss to ¥296 million, compared with an operating loss of ¥795 million in the same period of the previous year.」

「Efforts to secure an appropriate profit margin absorbed surging prices for various materials and energy and led to some improvement in margins, resulting in higher profit than in the same period of the previous year.」

「In addition to increased sales of relatively high-value-added steel-rope products, product price revisions implemented in the previous period increased revenue from the same period of the previous year. Efforts to secure appropriate margins absorbed surging prices for various materials and energy, while also leading to some improvement in margins, resulting in higher profit than in the same period of the previous year. Revenue from this business was ¥7,164 million, up 12.2% year on year, and operating profit was ¥669 million, up 37.8%.」

「To address cost increases stemming from higher prices for energy-related materials and transportation in recent years, the company has implemented product price revisions in stages since the previous fiscal year to secure an appropriate profit margin. As the cumulative effects of these improvements and firm sales of fiber ropes for land-based and marine-related applications contributed, revenue from this business was ¥27,156 million, up 7.8% from the previous consolidated fiscal year.」

「To address cost increases stemming from higher prices for energy-related materials and transportation in recent years, the company implemented product price revisions to secure an appropriate profit margin. As the effects of these improvements and firm sales of fiber ropes for land-based and marine-related applications contributed, revenue from this business was ¥20,397 million, up 11.4% year on year. Operating profit was ¥1,436 million, up 141.3% year on year, driven in part by sales of high-value-added fiber-rope products.」

「To address cost increases stemming from higher prices for various materials, fuel and transportation in recent years, the company has implemented product price revisions in stages to secure an appropriate profit margin. As the effects of these improvements emerged and sales of fiber ropes for land-based and marine-related applications remained firm, revenue from this business was ¥13,195 million, up 10.0% year on year. Operating profit was ¥995 million, up 153.5% year on year, as sales of high-value-added fiber-rope products were concentrated in the first half.」

「To address cost increases stemming from higher prices for various materials, fuel and transportation in recent years, the company has implemented product price revisions in stages to optimize margins. As the effects of these improvements emerged and sales of fiber ropes for land-based and fisheries-related applications remained firm, revenue from this business was ¥6,385 million, up 3.8% year on year. Operating profit was ¥485 million, up 54.1% year on year, as sales of high-value-added fiber-rope products were concentrated in the quarter.」

「In terms of profitability, although the company was affected by the timing gap between the surge in prices for various materials and product price revisions, results improved substantially from the previous consolidated fiscal year, when first-half demand fell sharply due to COVID-19.」

「Progress in domestic disaster-prevention and road-safety facility construction, including projects carried over from the previous fiscal year and steady progress on current-period projects, resulted in operating profit of ¥442 million, compared with an operating loss of ¥867 million in the same period of the previous year; ordinary profit of ¥642 million, compared with an ordinary loss of ¥851 million; and profit attributable to owners of the parent for the quarter of ¥538 million, compared with a quarterly loss attributable to owners of the parent of ¥749 million.」

「From the third quarter onward, in addition to reducing losses through the withdrawal from the aforementioned Chinese steel-cord business and reducing various expenses in each business, progress in construction work for domestic disaster-prevention-related businesses and other factors resulted in operating profit of ¥700 million for the consolidated fiscal year, up 119.4% year on year.」

「In response to the decline in demand caused by COVID-19, the company implemented furloughs using the employment adjustment subsidy program and worked to reduce various expenses, as well as completing the restructuring of its Chinese steel-cord business during the first half. As a result, profit for the third quarter consolidated accounting period (1 October 2020 to 31 December 2020) returned to positive territory and recovered to a level above that of the same period of the previous year.」

「In response to the decline in demand caused by COVID-19, the company implemented furloughs using the employment adjustment subsidy program and worked to reduce various expenses. However, lower tire-cord sales amid a sharp decline in demand, deteriorating factory productivity associated with reduced production, and delays in road-safety facility construction resulted in an operating loss of ¥867 million, compared with an operating loss of ¥67 million in the same period of the previous year.」

「Part of the revenue came from overseas bridge projects. Revenue from this business was ¥3,041 million, up 31.6% year on year, while the operating loss was ¥387 million, reduced by a lower cost ratio, compared with an operating loss of ¥452 million in the same period of the previous year.」

「As the market for ultra-fine wire contracts, cost reductions have become essential, and the company has shifted its policy toward pursuing smart factories through alliances with other companies.」

「The Group is promoting the development of new products and the expansion of new businesses while continuing to reduce costs, but lower market prices may affect the Group's financial position and operating results.」

「In terms of profitability, the company worked to improve costs through cost reductions and other measures, but segment profit (operating profit) was ¥2,182 million, down 4.5% year on year, due to higher raw-material prices.」

「In terms of profitability, operating profit was ¥1,684 million, up 11.7% year on year, driven by wire-saw sales and cost improvements related to steel ropes and steel wire.」

「Operating income was ¥549 million, up 3.0% year on year, due to cost improvements and other factors in the wire rope and wire-related and steel cord-related operations.」