Reallocation of Management Resources, Cost Reduction and Requests for Support from Financial Institutions Following the Fire
First written in FY2021-Q3. 7 of 8 entries say "Advanced", first in FY2021. Latest entry: FY2024-Q3.
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- FY2024-Q3AdvancedAnnual report
「Net cash provided by investing activities for the first nine months of the current fiscal year was ¥878 million, mainly from proceeds from the sale of investment securities and other sources, an increase of ¥3,002 million in proceeds from the same period of the previous fiscal year.」
The company continued selling investment securities in connection with its post-fire review of management resources and efforts to improve asset efficiency. Net cash provided by investing activities was ¥878 million, including ¥2,756 million in proceeds from sales. - FY2024-Q2AdvancedAnnual report
「Net cash provided by investing activities for the first six months of the current fiscal year was ¥543 million, an increase of ¥2,606 million in proceeds from the same period of the previous fiscal year. The primary factor was a ¥2,330 million increase in proceeds from the sale of investment securities.」
The company proceeded with the sale of investment securities, also in connection with its post-fire review of management resources, generating proceeds of ¥2,358 million. - FY2023AdvancedAnnual report
「In response to the global shortage of semiconductors and electronic components, we will fulfill our responsibility to supply products and work to strengthen our financial position by implementing rigorous production controls and reinforcing the supply chain.」
The response to restoring production and strengthening finances after the fire has been expanded to include rigorous production controls and supply-chain reinforcement to address supply shortages. - FY2022AdvancedAnnual report
「In response to the global shortage of semiconductors and electronic components, we will fulfill our responsibility to supply products and work to strengthen our financial position by implementing rigorous production controls and reinforcing the supply chain.」
In addition to efforts to restore production and strengthen finances after the fire, the company identified rigorous production controls and supply-chain reinforcement as measures to address supply shortages. - FY2022-Q2AdvancedAnnual report
「This was mainly because proceeds from the sale of investment securities increased cash inflows by ¥1,602 million.」
As a development related to the post-fire review of assets, ¥1,602 million in proceeds from the sale of investment securities was recorded during the cumulative second quarter of the current fiscal year. - FY2022-Q1AdvancedAnnual report
「During the first quarter of the current fiscal year, we recorded a gain on the sale of investment securities of ¥586 million as extraordinary income from the partial sale of investment securities following a review of whether to continue holding them. In addition, effective from the beginning of the first quarter of the current fiscal year, we reorganized the Development and Engineering Department into the Renovation Design Department and are working to restore production promptly by concentrating resources on product renewals that do not rely on parts destroyed by the fire.」
As measures following the fire, the company partially sold its investment securities and reorganized the Development and Engineering Department into the Renovation Design Department, concentrating resources on product renewals that do not depend on parts destroyed by the fire. - FY2021AdvancedAnnual report
「Although we announced on 16 April 2021 that part of executive compensation would be returned, we will continue to pursue further cost reductions through a review of expenses across the group, review whether to continue holding investment securities and other assets, and review the allocation of management resources, including reallocating personnel to restore and maintain production.」
The company states that partial returns of executive compensation have already been implemented and specifies reductions in expenses, a review of asset holdings, and personnel reallocation as continuing measures. - FY2021-Q3First statedAnnual report
「We will review the allocation of management resources, including reallocating personnel to restore and maintain production and determining whether to continue holding investment securities and other assets. We will review expenses across the group, including executive compensation, and pursue further cost reductions.」
As measures following the fire, the company identified personnel reallocation to restore and maintain production, a review of continued ownership of assets, a review of expenses including executive compensation, and cost reductions.