Thorough Cost Review, Viewing Challenging Market Conditions as a Time for Transformation
First written in FY2019. 12 of 17 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
- FY2026WorsenedAnnual report
「¥1.257 billion decrease due to the lower proportion of high-margin products and an increase in low-margin projects; ¥692 million decrease due to higher development costs and other expenses included in manufacturing costs; ¥428 million decrease due to higher selling, general and administrative expenses.」
While efforts to improve earnings power continued, the lower proportion of high-margin products, low-margin projects, and higher development and selling, general and administrative expenses were quantified as factors reducing operating profit. - FY2025AdvancedAnnual report
「Main factors contributing to changes in operating profit for the consolidated fiscal year: ¥1.410 billion increase from higher revenue; ¥391 million increase from the reversal of valuation losses and other factors; ¥1.490 billion decrease from higher selling, general and administrative expenses.」
Higher revenue and the reversal of valuation losses lifted operating profit, while higher selling, general and administrative expenses, including increased headcount and R&D expenses, reduced it by ¥1.490 billion. - FY2024-Q3AdvancedAnnual report
「In the third quarter, margins improved from the second quarter as sales of high-value-added transfer equipment, including automotive applications, increased and compression equipment accounted for a larger share of sales.」
It states that margins improved from the second quarter as sales of high-value-added transfer equipment, including automotive applications, increased and compression equipment accounted for a larger share of sales. - FY2024-Q2AdvancedAnnual report
「Compared with forecasts, revenue was broadly in line, but gross margin improved as sales of high-value-added products increased, causing profit at each stage to exceed forecasts.」
It describes progress in earnings improvement, with gross margin improving as sales of high-value-added products increased and profit at each stage exceeding forecasts. - FY2023-Q3AdvancedAnnual report
「The main factors affecting the change in operating profit for the cumulative third quarter compared with the prior-year period were as follows. Impact of higher revenue Increase of ¥811 million Impact of higher selling prices and cost reductions, etc. Increase of ¥1,500 million Impact of foreign-exchange movements Decrease of ¥1,310 million Impact of upfront investments, including higher personnel expenses, R&D expenses, and depreciation Decrease of ¥1,947 million Impact of higher other fixed costs Decrease of ¥592 million」
Higher unit prices and cost reductions lifted operating profit by ¥1.5 billion, while foreign exchange movements, upfront investments and higher other fixed costs exerted downward pressure. The impact of earnings improvement measures and investment expenses was quantified for the first 3 quarters cumulatively. - FY2023-Q2AdvancedAnnual report
「The main factors affecting the change in operating profit for the cumulative second quarter compared with the prior-year period were as follows. Impact of higher revenue Increase of ¥1,917 million Impact of product mix, higher selling prices, etc. Increase of ¥1,109 million Impact of foreign-exchange movements Decrease of ¥1,001 million Impact of higher manufacturing expenses, including increased headcount and depreciation Decrease of ¥761 million Impact of higher selling, general and administrative expenses Decrease of ¥1,076 million」
Higher revenue, product mix, and selling prices increased operating profit, while foreign-exchange movements and higher manufacturing expenses, including increased headcount and depreciation, as well as higher selling, general and administrative expenses, were factors reducing it. The impacts were disclosed in specific amounts for the cumulative half-year period. - FY2023-Q1AdvancedAnnual report
「The main factors affecting the change in operating profit for the cumulative first quarter compared with the prior-year period were as follows: impact of higher revenue, increase of ¥1,137 million; impact of higher selling prices, etc., increase of ¥227 million; impact of higher manufacturing expenses, including increased headcount and depreciation, decrease of ¥467 million; impact of higher selling, general and administrative expenses, decrease of ¥520 million.」
Higher revenue and selling prices increased operating profit, while higher manufacturing expenses, including increased headcount and depreciation, and higher selling, general and administrative expenses were factors reducing it. The effects of earnings improvements and investment costs were disclosed in monetary terms. - FY2022AdvancedAnnual report
「The main factors affecting the change in operating profit for the consolidated fiscal year compared with the previous consolidated fiscal year were as follows. Impact of higher revenue Increase of ¥7,638 million Impact of improved factory utilization, etc. Increase of ¥1,398 million Impact of higher selling, general and administrative expenses Decrease of ¥1,149 million」
Higher revenue and improved factory utilization, among other factors, increased operating profit by ¥7,638 million and ¥1,398 million, respectively, quantifying the full-year effects of the ongoing productivity and cost improvements. - FY2022-Q3AdvancedAnnual report
「The main factors affecting the change in operating profit for the cumulative third quarter compared with the prior-year period were as follows. Impact of higher revenue Increase of ¥6,446 million Impact of improved factory utilization, etc. Increase of ¥988 million Impact of higher selling, general and administrative expenses Decrease of ¥710 million」
Higher revenue and improved factory utilization, among other factors, were disclosed as factors increasing operating profit by ¥6,446 million and ¥988 million, respectively, specifically demonstrating the effects of cost and productivity improvements. - FY2022-Q2AdvancedAnnual report
「The main factors affecting the change in operating profit for the cumulative second quarter compared with the prior-year period were as follows: impact of improved factory utilization, etc. Increase of ¥1,136 million」
Improved factory utilization and other factors increased operating profit by ¥1,136 million, specifically demonstrating the effects of the ongoing cost reduction and production-method review initiatives. - FY2022-Q1AdvancedAnnual report
「Impact of higher selling prices and cost reductions, etc. Increase of ¥350 million」
Higher selling prices and cost reductions were disclosed as factors that increased operating profit by ¥350 million, specifically demonstrating the effects of the ongoing cost reduction and fixed-cost review initiatives. - FY2021AdvancedAnnual report
「Profitability improved as sales of high-value-added products grew and margins improved, while the inventory reduction benefits from the review of production methods continued.」
The continued inventory reduction benefits from the review of production methods, together with growth in high-value-added products, resulted in improved profitability. The Third Medium-Term Management Plan formally positioned lead-time reduction and inventory reduction as MIP activities. - FY2021-Q3RestatedAnnual report
「Profitability improved as sales of high-value-added products, including 5G-related products, grew and margins improved, while the inventory reduction benefits from the review of production methods continued.」
The continued inventory reduction benefits from the review of production methods, together with growth in sales of high-value-added products, contributed to improved profitability. - FY2021-Q2AdvancedAnnual report
「Profitability improved as the sales mix shifted toward TOWA's proprietary, high-value-added compression molds and equipment, and the MIP project, which aims to shorten lead times and reduce inventories through a review of production methods, progressed smoothly, reducing accounting valuation losses.」
In addition to cost reductions and a review of fixed costs, the MIP project aimed at shortening lead times and reducing inventories progressed smoothly, improving profitability through lower accounting valuation losses. - FY2020-Q2RestatedAnnual report
「In terms of profit, profitability improved as a result of continued cost reductions and a review of fixed costs from the fourth quarter of the previous fiscal year, as well as higher sales of the company's proprietary compression equipment, which commands a 100% market share, but」
The company continued cost reductions and its review of fixed costs from the fourth quarter of the previous fiscal year, while higher compression equipment sales also contributed to improved profitability. - FY2020-Q1RestatedAnnual report
「Against this backdrop, the Group viewed the current challenging market environment as an opportunity to strengthen profitability and, as a unified group, proceeded with structural transformation measures, including thorough cost reduction efforts, a review of fixed costs, and reviews of its production and development structures.」
As a response to challenging market conditions, the company continued measures to reduce costs and review fixed costs, the production structure, and the development structure. - FY2019First statedAnnual report
「Against this backdrop, the Group viewed the current challenging market environment as an opportunity for transformation and conducted a thorough review of costs to improve profitability as market conditions recovered.」
As a response to the market downturn, the company separately disclosed a measure involving a thorough cost review aimed at improving profitability.