Strengthening cost competitiveness by reducing fixed and variable costs

「In the current consolidated fiscal year, as the number of new housing starts remained sluggish, the company reviewed its product mix with profitability in mind. As a result, revenue was ¥29,648 million, down 0.5% from the previous fiscal year, while operating profit was ¥2,660 million, up 5.2%.」

「In the current interim consolidated accounting period, amid challenging housing market conditions, the company reviewed its product mix with profitability in mind and raised selling prices. As a result, revenue was ¥14,224 million, down 2.9% year on year, while operating profit was ¥1,183 million, up 7.3% year on year.」

「Although input costs remain elevated due to persistently high raw material prices and rising prices, gross margin is improving following price revisions, and operating profit was ¥2,530 million, up 3.3% from the previous fiscal year」

「In the third quarter of the current consolidated cumulative period, housing market conditions remained challenging as the number of new housing starts continued to decline year on year. However, following several product price increases implemented since the year before last, revenue was ¥22,368 million, up 2.3% year on year. Accordingly, operating profit was ¥1,770 million, up 25.3% year on year, and ordinary profit was ¥1,888 million, up 21.7%.」

「In the second quarter of the current consolidated cumulative period, housing market conditions remained challenging as the number of new housing starts continued to decline year on year. However, supported by the effect of the product price increases implemented in October last year, revenue rose for the third consecutive period and reached a record high for the second consecutive year, at ¥14,643 million, up 1.8% year on year. Accordingly, operating profit was ¥1,102 million, up 39.0% year on year, and ordinary profit was ¥1,125 million, up 33.4%.」

「Although input costs remain elevated due to persistently high raw material prices and rising prices, gross margin is improving as a result of price increases. Operating profit was ¥667 million, up 80.6% year on year, and ordinary profit was ¥674 million, up 74.9%.」

「In terms of profit, although procurement costs remain elevated because of persistently high raw material prices and inflation, the gross margin has been improving since the October price increases, resulting in operating profit of ¥2,450 million, up 0.4% year on year.」

「In terms of profit, the company raised product prices from October, and the gross margin has been improving, but procurement costs continue to rise because of persistently high raw material prices and inflation. Operating profit was ¥1,412 million, down 28.7% year on year.」

「In terms of profit, although the company raised the prices of some products in April, it was unable to fully absorb the increase in procurement costs caused by raw material prices rising further after the price increases were calculated and by inflation. Operating profit was ¥793 million, down 49.9% year on year, and ordinary profit was ¥843 million, down 46.2%.」

「In terms of profit, although the company raised the prices of some products in April, it was unable to fully absorb the increase in manufacturing costs caused by raw material prices rising further after the price increases were calculated and the yen remaining weak. Operating profit was ¥369 million, down 62.7% year on year, and ordinary profit was ¥385 million, down 62.0%. To address the increase in manufacturing costs caused by raw material prices rising beyond expectations and the weaker yen, the company will revise prices through another round of price increases from October onward to improve profitability.」

「Although the company raised prices on some products in response to persistently high raw material prices and the weaker yen, it was unable to fully absorb the resulting increase in manufacturing costs.」

「In terms of profit, although the company worked to reduce costs through higher productivity, it was unable to fully absorb the increase in manufacturing costs caused by surging raw material prices and the weaker yen. Operating profit was ¥1,980 million, down 15.1% year on year, and ordinary profit was ¥1,975 million, down 17.4%.」

「In terms of profit, despite the impact of higher copper procurement prices, operating profit was ¥992 million, up 24.6% year on year, and ordinary profit was ¥1,014 million, up 21.4%, on higher revenue.」

「In terms of profit, orders for high-value-added products contributed as they did to revenue. In addition, selling, general and administrative expenses declined because of restrictions on sales activities and nonessential outings as measures to prevent the spread of COVID-19, resulting in operating profit of ¥3,034 million, up 29.4% year on year.」

「In terms of profit, high-value-added products contributed as they did to revenue, while stable foreign exchange rates and raw material prices, as well as lower selling, general and administrative expenses due to restrictions on sales activities and nonessential outings as measures to prevent the spread of COVID-19, resulted in operating profit of ¥1,627 million, up 56.8% year on year, and ordinary profit of ¥1,680 million, up 48.7%.」

「In terms of profit, the company had worked since the previous fiscal year to minimize the sales mix of low-value-added products and focus on selling high-value-added products, resulting in a rising proportion of high-value-added products. Selling, general and administrative expenses also declined because of restrictions on sales activities and nonessential outings as measures to prevent the spread of infection. In addition, the effects of lower costs from automation and other measures, as well as the stronger yen and stable raw material prices, resulted in operating profit of ¥797 million, up 71.5% year on year.」

「In terms of profit, operating profit was ¥2,345 million, up 29.3% year on year, owing to efficiency gains from integrated production, the effects of automation efforts, the stronger yen and stable raw material prices.」

「In terms of profit, although the group worked together to reduce fixed and variable costs, it was unable to fully absorb the increase in manufacturing costs caused by surging raw material prices.」

「Competition in the plumbing fixtures industry has intensified, making it difficult to pass higher raw material costs on to customers through prices. Although the company has also pursued internal cost reductions, it was unable to absorb the increase, resulting in lower segment profit.」

「Competition in the plumbing fixtures industry has intensified, making it difficult to pass higher raw material costs on to customers through prices. Although the company has also pursued internal cost reductions, it was unable to cover the increase in costs, resulting in lower operating profit.」

「In terms of profit, despite sharply rising raw material prices, the group worked together to reduce total costs but was unable to fully absorb the increase in manufacturing costs. Operating profit was ¥2,175 million, down 15.9% year on year.」

「In terms of profit, although the group worked together to reduce fixed and variable costs, it was unable to fully absorb the increase in manufacturing costs caused by surging raw material prices.」

「In terms of profit, although the group worked together to reduce fixed and variable costs, it was unable to fully absorb the increase in manufacturing costs caused by surging raw material prices.」

「Although the group worked together to reduce fixed and variable costs, it was unable to fully absorb the increase in manufacturing costs caused by surging raw material prices.」

「In terms of profit, despite sharply rising raw material prices from last November, the group worked together to reduce total costs. As a result, operating profit was ¥2,585 million, up 35.9% year on year, while ordinary profit, including foreign exchange gains, was ¥2,676 million, up 33.2%, with both reaching record highs.」

「In terms of profit, in addition to the effects of foreign exchange and lower raw material prices compared with the same period of the previous year, higher revenue and reductions in total costs, including procurement costs and inventory, resulted in operating profit of ¥2,020 million, up 76.1% year on year.」

「In addition to the weaker yen and lower raw material prices compared with the same period of the previous year, the effects of higher revenue and reductions in total costs, including procurement costs and expenses, contributed to higher profit, resulting in operating profit of ¥1,250 million, up 114.4% year on year.」

「In addition to the effect of higher revenue, efforts across the group to reduce total costs, including procurement costs and expenses, resulted in operating profit of ¥606 million, up 205.2% year on year.」

「As a result of strengthening total cost management across the group and working to reduce fixed and variable costs, operating profit was ¥1,902 million, up 10.7% year on year, and ordinary profit was ¥2,009 million, up 13.9%.」