Total Cost Reduction and Strengthening the Earnings Structure
First written in FY2016. 27 of 38 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-07-30.
4 other companies' latest entry also says "Worsened".
- 2026-07-30WorsenedEarnings
「Operating profit declined by ¥578 million year on year to ¥23 million, down 96.1% year on year」
The increase in fixed costs from safety investments, aging-equipment replacement, workplace improvement investments and investment in human resources, together with the impact of North American tariffs and other factors, exceeded the benefits of rationalization improvements, resulting in a sharp decline in quarterly operating profit. - FY2026Annual results and improvement measures updatedAnnual report
「Although we made maximum efforts to improve earnings through the pass-through of rising labor costs into selling prices and rationalization improvements at a record-high level, these efforts were insufficient to offset the negative factors, resulting in lower profit.」
Although the company advanced selling-price pass-through for higher labor costs and record-level efficiency improvements, these measures could not offset higher purposeful fixed costs and the delayed recovery of the impact of North American tariffs. Operating profit was ¥2,847 million, down 35.0% year on year. - 2026-04-27AdvancedEarnings
「Although we made maximum efforts to improve earnings through the pass-through of rising labor costs into selling prices and rationalization improvements at a record-high level, these efforts were insufficient to offset the negative factors, resulting in lower profit.」
The company strengthened the pass-through of labor cost increases into selling prices and rationalization improvements, but could not fully absorb higher fixed costs and the timing mismatch in recovering the impact of North American tariffs, resulting in lower operating profit. - FY2026-H1AdvancedAnnual report
「Meanwhile, profit-enhancing factors included improvements in the earnings structure driven by increased sales of high-value-added products such as the new stabilizers incorporating new technologies, as well as record-level efficiency improvements centered on reductions in direct material costs through better global sourcing and the expanded in-house adoption of outsourced processing technologies. The pass-through of inflationary impacts on labor costs, steel and other materials into selling prices is also progressing smoothly, and we are making every effort to offset the impact of higher "purposeful fixed costs."」
The company is working to offset higher fixed costs by combining high-value-added products, global sourcing, in-house production of outsourced processing technologies, efficiency improvements and selling-price pass-through. Operating profit declined 15.1% year on year, but the company explained that the decline was attributable to planned increases in fixed costs related to safety, quality and compliance. - FY2025AdvancedAnnual report
「Regarding operating results, operating income increased by ¥3,310 million from the previous fiscal year to ¥4,384 million, up 308.3% year on year.」
The Company advanced rationalization improvements, the reflection of higher costs in selling prices and improved profitability from new products, and operating income increased by ¥3,310 million from the previous fiscal year. - FY2025-H1AdvancedAnnual report
「Operating income reached a record high for the period. Results are emerging from cost reduction measures that exceeded previous levels of improvement, including improved profitability from higher sales of the new stabilizer equipped with new technology; improved global sourcing and the promotion of engineering procurement conducted jointly with suppliers to reduce direct material costs; expanded capital investment in cold-forming technology and equipment that can process and manufacture spring products at lower temperatures in a more compact setup as part of the response to the SDGs and carbon neutrality from a production engineering perspective; and higher productivity through the introduction of a work-hour management and analysis system for indirect personnel as part of work-style reform.」
Through measures including improved profitability from the new product, global sourcing, engineering procurement, cold-forming equipment and a work-hour management system, operating income increased 158.4% year on year to ¥1,760.99 million, a record high for the period. - FY2024AdvancedAnnual report
「Operating income increased as the positive effects of higher sales and rationalization improvements absorbed higher costs, including deliberate fixed costs such as research and development expenses for new product development and investment in personnel, including employee pay raises, as well as the impact of the accident at the Fujioka Plant.」
The positive effect of rationalization improvements absorbed higher costs from research and development expenses, investment in personnel and the plant accident, resulting in operating income of ¥1,073 million, up 202.9% from the previous fiscal year. - FY2024-Q2AdvancedAnnual report
「Regarding operating results, operating income increased by ¥340 million, or 99.8%, year on year to ¥681 million. The effects of higher sales and rationalization improvement efforts outweighed the impact of inflation in steel, materials, power and utility costs, as well as increases in fixed costs undertaken deliberately, including research and development expenses for new product development and investments in personnel to improve employees' living standards, resulting in higher income.」
The effects of higher sales and rationalization improvements outweighed increases in fixed costs, including inflationary impacts, research and development expenses and investment in personnel, resulting in operating income of ¥681 million, up 99.8% year on year. - FY2024-Q1AdvancedAnnual report
「Regarding operating results, the operating loss improved by ¥337 million from the same quarter of the previous year to ¥53 million, compared with an operating loss of ¥391 million in the same quarter of the previous year. Factors supporting higher income, including increased automobile production volumes at major customers, global rationalization improvements including a return to profitability in North America, and the partial reflection in selling prices of higher power and utility costs incurred in the previous year, exceeded the impact of inflation, resulting in an improvement.」
The operating loss improved by ¥337 million from the same period of the previous year, as global rationalization improvements, a return to profitability in North America and the partial reflection of higher costs in selling prices outweighed the impact of inflation. - FY2023AdvancedAnnual report
「While actual sales did not increase, inflation in steel, materials, logistics, power and utility costs accelerated sharply from the second quarter, resulting in annual inflation of ¥7,700 million and a substantial increase in costs. We made intensive efforts to recover through reflecting higher costs in selling prices and implementing rationalization improvements across all cost items with the participation of all employees, but some costs were subject to delayed reflection in the following fiscal year due to customary business practices, and the impact of the cost increases could not be offset.」
Although the Company reflected higher costs in selling prices and implemented rationalization improvements across all cost items, it could not offset the ¥7,700 million annual increase in costs due to inflation and the timing lag in reflecting higher prices. Operating income was ¥354.53 million, down 80.6% from the previous fiscal year. - FY2023-Q3AdvancedAnnual report
「In response to repeated production adjustments by major customers, we worked diligently to implement company-wide rationalization improvements across all cost items, exceeding the previous record level, while preventing production losses. However, we were unable to offset the significant deterioration in the inflationary environment, resulting in lower income.」
Although the Company controlled production losses and implemented rationalization improvements across all cost items exceeding the previous record level, it was unable to absorb the worsening inflationary environment, resulting in lower income. - FY2023-Q2AdvancedAnnual report
「Although increases in steel, material, logistics, power and utility costs reached approximately 3 times the increases in the same quarter of the previous year, exposing the Company to severe inflationary pressure, it offset the higher costs by implementing rationalization improvements exceeding the previous record level and through efforts to reflect most of the inflationary pressure in selling prices, thereby securing higher operating income.」
In response to cost increases reaching approximately 3 times the level of the same quarter of the previous year, rationalization improvements exceeding the previous record level and the reflection of higher costs in selling prices resulted in operating income of ¥341 million, up 66.5% year on year. - FY2023-Q1First-quarter results and rationalization effects updatedAnnual report
「Regarding operating results, the operating loss was ¥391 million, compared with operating income of ¥338 million in the same quarter of the previous year. Factors reducing income, including lower automobile production volumes at major customers and inflationary pressures from higher steel and logistics costs and increases in material, power and utility prices, exceeded factors supporting higher income, including rationalization improvements at a record-high level and the reflection of higher steel and other costs in selling prices, resulting in an operating loss.」
Although the Company pursued rationalization improvements at a record-high level and reflected higher steel and other costs in selling prices, lower automobile production and inflation-driven cost increases outweighed these measures, and operating income deteriorated from income in the same period of the previous year to an operating loss of ¥391 million. - FY2022AdvancedAnnual report
「Although the increase in production volumes at major customers was a factor supporting higher income, inflationary pressures from steel and logistics costs rising far beyond expectations, as well as higher material, power and utility costs, were present. However, company-wide rationalization improvements at a record-high level enabled operating income to increase by ¥565 million, or 44.9%, from the previous fiscal year to ¥1,826 million.」
The Company explained that it carried out rationalization improvements at a record-high level in response to cost increases for materials, logistics and other items that far exceeded expectations, increasing operating income by ¥565 million from the previous year. - FY2022-Q3AdvancedAnnual report
「Sales for the 3-month period of the third quarter were ¥21,964 million, the highest quarterly figure for the current year. Operating income for the same 3-month period was ¥809 million, an increase of 395.3% from operating income of ¥204 million in the second quarter (April to September).」
Sales for the 3-month period of the third quarter were the highest among the current year's quarterly figures, while operating income increased 395.3% from the second quarter. The Company explained that rationalization improvements and the partial reflection of higher steel prices in selling prices contributed to securing higher income. - FY2022-Q2AdvancedAnnual report
「Regarding operating results, operating income was ¥204 million, compared with an operating loss of ¥845 million in the same quarter of the previous year. Ordinary income was ¥621 million, compared with an ordinary loss of ¥462 million, and net income attributable to owners of the parent was ¥193 million, compared with a net loss attributable to owners of the parent of ¥573 million. Operating income increased year on year due to higher sales and the effects of rationalization improvements.」
As a result of rationalization improvements and higher sales, operating income improved from an operating loss in the same period of the previous year to operating income of ¥204 million. Ordinary income and net income attributable to owners of the parent also improved from losses to income. - FY2022-Q1AdvancedAnnual report
「The pace of progress toward this year's target profit has been affected somewhat by material inflation and semiconductor-related impacts, but the Company expects to achieve its full-year target through higher sales from the second quarter onward, this year's cost reduction activities, and the realization of benefits from cost reduction activities accumulated during the COVID-19 pandemic in the previous year.」
In addition to this year's cost reduction activities, the Company expects to realize the benefits of cost reduction activities accumulated during the COVID-19 pandemic in the previous year and forecasts achievement of its full-year target. - FY2021AdvancedAnnual report
「Although the decline in value added caused by the substantial decrease in sales due to the COVID-19 pandemic had an impact, the results of total cost improvement activities across the Group, including improvements in labor and operating costs through higher productivity, raw material cost improvements through reduced scrap, and the conversion of fixed costs into variable costs, resulted in operating income of ¥1,260 million, down ¥1,431 million, or 53.2%, from the previous consolidated fiscal year.」
Although operating income declined due to lower sales, the Company implemented total cost improvement activities, including higher productivity, reduced scrap and the conversion of fixed costs into variable costs, and reported the results together with its annual performance. - FY2021-Q3AdvancedAnnual report
「By reducing labor and operating costs through productivity improvements, reducing raw material costs through lower scrap volumes, converting fixed costs to variable costs, and pursuing other total cost reduction initiatives undertaken across the Group to turn challenges into opportunities, cumulative consolidated profit for the quarter turned positive.」
The Company listed specific measures for reducing total costs and reported that cumulative earnings had turned positive as a result. - FY2021-Q2RestatedAnnual report
「We will maintain the streamlined production and sales structure established during the COVID-19 pandemic, further pursue the cost reductions undertaken to date without easing our efforts, and work to expand profitability.」
The Company reaffirmed its policy of maintaining the production and sales structure streamlined during the COVID-19 pandemic, further reducing costs and seeking to expand profitability. - FY2021-Q1RestatedAnnual report
「Regarding operating results, we worked across the Company to further reduce total costs in response to declining sales and build a structure capable of securing profitability. However, due to the impact of a substantial decline in revenue, the operating loss was ¥1,342 million, compared with operating income of ¥788 million in the same quarter of the previous year.」
Although the Company continued company-wide total cost reduction activities and efforts to build a structure capable of securing profitability in response to the substantial decline in sales, it recorded an operating loss in the current quarter due to the impact of lower revenue. - FY2020AdvancedAnnual report
「The increase in value added from higher sales and steady progress in cost improvements offset fluctuations in selling prices, fixed costs associated with the transformation of the North American business structure, and costs related to the COVID-19 response. As a result, operating income increased by ¥463 million, or 20.8%, from the previous consolidated fiscal year to ¥2,692 million.」
Higher sales and cost improvements offset fixed costs in North America and costs related to the COVID-19 response, resulting in operating income of ¥2,692 million, up 20.8% year on year. - FY2020-Q3AdvancedAnnual report
「As sales increased and cost improvement activities steadily progressed, operating income increased by ¥586 million, or 34.2%, year on year to ¥2,302 million. Ordinary income was ¥2,824 million, up 24.4%, and net income attributable to owners of the parent was ¥1,696 million, up 24.3%.」
Cost improvement activities steadily progressed, and operating income increased 34.2% year on year to ¥2,302 million. Ordinary income and net income attributable to owners of the parent also exceeded the levels of the same period of the previous year. - FY2020-Q2AdvancedAnnual report
「As sales increased and cost improvement activities steadily progressed, operating income increased by ¥326 million, or 31.7%, year on year to ¥1,354 million. Ordinary income was ¥1,508 million, up 3.6%, while net income attributable to owners of the parent was ¥936 million, down 0.5%.」
Cost improvement activities steadily progressed, and operating income increased 31.7% year on year to ¥1,354.621 million. - FY2020-Q1AdvancedAnnual report
「Regarding operating results, as sales increased and improvement activities, including procurement and productivity improvements, progressed, operating income increased by ¥209 million, or 36.3%, year on year to ¥788 million. Ordinary income decreased by ¥48 million, or 4.9%, to ¥948 million.」
In addition to higher sales, procurement and productivity improvement activities progressed, and operating income increased 36.3% year on year to ¥788 million. The Company specifically reported progress in rationalization improvement activities and their effect on operating income. - FY2019Annual results and cost structure updatedAnnual report
「In addition to lower value added resulting from lower sales, higher steel prices and the impact of foreign exchange, production costs and investment increased during the current fiscal year as the Company switched to new products and prepared for mass production while transitioning its business structure from the cable business to the chassis spring business. As a result, operating income decreased by ¥1,130 million, or 33.7%, from the previous fiscal year to ¥2,228 million.」
While continuing measures to reduce total costs and improve productivity, the Company disclosed that higher production costs and increased investment resulting from the switch to new products and preparations for mass production were factors behind the decline in operating income during the current fiscal year. - FY2019-Q3Updated third-quarter resultsAnnual report
「Regarding operating results, operating income decreased by ¥613 million, or 26.3%, year on year to ¥1,715 million, due to lower sales, market fluctuations in steel prices, the weaker Indonesian rupiah and the impact of tariffs in North America, among other factors. Ordinary income was ¥2,271 million, down 14.5%, and net income attributable to owners of the parent was ¥1,364 million, down 0.8%.」
For the cumulative third quarter, operating income decreased 26.3% year on year, ordinary income decreased 14.5%, and net income attributable to owners of the parent decreased 0.8%. - FY2019-Q2First-Half Results UpdatedAnnual report
「Regarding operating results, operating income decreased by ¥134 million, or 11.6%, year on year to ¥1,028 million. Ordinary income was ¥1,456 million, up 13.6%, due to the management of foreign-currency-denominated assets and other factors, while net income attributable to owners of the parent was ¥940 million, up 34.3%.」
For the cumulative second quarter, operating income decreased 11.6% year on year, while ordinary income increased 13.6% due to the management of foreign-currency-denominated assets and other factors, and net income attributable to owners of the parent increased 34.3%. No specific progress in total cost reduction activities themselves was stated. - FY2019-Q1AdvancedAnnual report
「[Japan] Sales were ¥14,926 million, essentially unchanged year on year, down 0.1%. Operating income was ¥727 million, up 33.6%, partly as a result of rationalization improvements.」
The Company reported that operating income in the Japan segment increased 33.6% year on year to ¥727 million as a result of rationalization improvements. - FY2018AdvancedAnnual report
「Mainly as a result of cost reductions through rationalization, operating income increased by ¥621 million, or 22.7%, from the previous consolidated fiscal year to ¥3,358 million, a record high. Ordinary income also reached a record high, increasing by ¥422 million, or 14.4%, to ¥3,350 million.」
Operating income and ordinary income reached record highs as a result of cost reductions through rationalization. Management explained that operating income had reached a record high for the second consecutive year. - FY2018-Q3Updated third-quarter resultsAnnual report
「Regarding operating results, operating income increased by ¥214 million, or 10.2%, year on year to ¥2,328 million. Ordinary income was ¥2,657 million, up 4.1%, while net income attributable to owners of the parent was ¥1,375 million, down 23.3%.」
For the cumulative third quarter, operating income increased 10.2% year on year and ordinary income increased 4.1%, while net income attributable to owners of the parent decreased 23.3%. This filing does not specifically state any progress in total cost reduction activities themselves. - FY2018-Q2First-Half Results UpdatedAnnual report
「Regarding operating results, operating income decreased by ¥8 million, or 0.7%, year on year to ¥1,162 million. Ordinary income was ¥1,281 million, up 77.7%, and net income attributable to owners of the parent was ¥700 million, up 35.8%.」
For the cumulative second quarter, operating income decreased 0.7% year on year, while ordinary income increased 77.7% and net income attributable to owners of the parent increased 35.8%. This filing does not describe specific progress in total cost reduction activities. - FY2018-Q1AdvancedAnnual report
「Regarding operating results, operating income was ¥552 million, up 75.6% year on year. Ordinary income was ¥764 million, compared with an ordinary loss of ¥58 million in the same quarter of the previous year, and net income attributable to owners of the parent was ¥470 million, compared with a net loss attributable to owners of the parent of ¥48 million.」
As a result of total cost reduction activities, operating income increased 75.6% year on year to ¥552.9 million, while ordinary income and net income attributable to owners of the parent both improved from losses to income. - FY2017AdvancedAnnual report
「Under these circumstances, in addition to total cost reduction activities and improving production efficiency through improvements to manufacturing processes, the Group conducted sales expansion activities worldwide and strengthened its profitability structure. Regarding operating results, mainly as a result of cost reductions through rationalization, operating income increased by ¥1,227 million, or 81.3%, from the previous consolidated fiscal year to ¥2,737 million, while ordinary income increased by ¥1,660 million, or 131.0%, to ¥2,928 million. Both figures reached record highs for the first time in 20 fiscal years.」
The Company continued total cost reduction, improvements to manufacturing processes and sales expansion, and reported operating income of ¥2,737 million and ordinary income of ¥2,928 million as the results of cost reductions through rationalization. Both reached record highs for the first time in 20 fiscal years. - FY2017-Q3AdvancedAnnual report
「Regarding operating results, primarily as a result of reducing variable and fixed costs through rationalization, operating income increased by ¥1,236 million, or 140.9%, year on year to ¥2,113 million, ordinary income increased by ¥1,454 million, or 132.4%, to ¥2,553 million, and net income attributable to owners of the parent increased by ¥1,187 million, or 196.2%, to ¥1,793 million.」
As a result of reducing variable and fixed costs through rationalization, operating income increased 140.9% year on year to ¥2,113 million, ordinary income was ¥2,553 million, and net income attributable to owners of the parent was ¥1,793 million. - FY2017-Q2AdvancedAnnual report
「Since the previous fiscal year, we have reduced costs, including direct material costs and other variable and fixed costs, and achieved results. As a result, operating income was ¥1,170 million, compared with income of ¥12 million in the same quarter of the previous year, ordinary income was ¥721 million, compared with an ordinary loss of ¥166 million, and net income attributable to owners of the parent was ¥515 million, compared with a net loss attributable to owners of the parent of ¥235 million.」
The Company reported results from reducing variable and fixed costs, including direct material costs. Operating income improved from ¥12.529 million in the same quarter of the previous year to ¥1,170.863 million, and ordinary income improved from an ordinary loss of ¥166.993 million to ordinary income of ¥721.576 million. By segment, operating income increased in Japan, North America and China, while Asia improved from an operating loss in the same quarter of the previous year to operating income of ¥210.079 million. - FY2017-Q1AdvancedAnnual report
「Regarding operating results, operating income was ¥314 million, owing to the effects of total cost reduction activities, compared with an operating loss of ¥279 million in the same quarter of the previous year.」
The effects of total cost reduction activities were reported as an improvement from an operating loss in the same period of the previous year to operating income of ¥314 million in the current quarter. - FY2016First statedAnnual report
「Under these circumstances, the Group actively pursued total cost reduction activities, including lowering the direct material cost ratio, while also conducting sales expansion activities with a view to the future and strengthening its profitability structure.」
We are pursuing total cost reduction, including lowering the direct material cost ratio, alongside sales expansion activities, thereby strengthening our profitability structure.