Temporary business closure in response to COVID-19 and use of employment adjustment subsidies
First written in FY2021. . Latest entry: FY2023.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2023End of suspension of operations and recovery in plant operationsAnnual report
「This was because there was no suspension of operations during the current fiscal year, and the respective items were therefore not recorded.」
The company changed from suspending operations in response to infectious disease in the previous fiscal year to not suspending operations during the current fiscal year. - FY2023-Q1Continued increase in plant operating rateAnnual report
「Scrap sales revenue increased substantially because plant utilization was raised and the purchase price of brass material surged.」
The company has continued to raise the plant operating rate in the current fiscal year, changing from the suppression of plant operations in response to COVID-19 in the previous fiscal year. - FY2022Recovery of plant operating rate to normal levelsAnnual report
「The amount increased substantially as a result of raising the plant operating rate to normal levels in the current fiscal year and surging prices for brass materials (process scrap).」
The company changed from suppressing plant operations in response to infectious disease in the previous fiscal year to raising the plant operating rate to normal levels in the current fiscal year. - FY2022-Q1Increase in plant operating rateAnnual report
「In the previous fiscal year, company-wide suspension of operations to the greatest extent possible kept the plant operating rate down, which reduced the generation of process scrap. In the current fiscal year, however, the amount increased substantially as a result of the higher plant operating rate and surging brass material prices.」
The company changed from suppressing plant operations through infectious-disease-related suspension of operations in the previous fiscal year to raising the plant operating rate in the current fiscal year. - FY2021First statedAnnual report
「To help prevent the spread of COVID-19, we suspended operations across the company to the greatest extent possible. As a result, plant operations declined, causing a substantial decrease in sales of process scrap and a year-on-year decline in total net sales. In terms of profit and loss, the proactive suspension of operations and resulting decline in plant operations led to a substantial decrease in inventories, down ¥610 million from the end of the previous fiscal year, which had a negative impact on profit and loss. However, we undertook substantial company-wide cost reductions with the assistance of employment adjustment subsidies,」
The company-wide suspension of operations to prevent the spread of infectious disease reduced plant operations, while cost reductions were pursued with the use of employment adjustment subsidies. This response was described as a new initiative.