Improving profitability by passing through cost increases caused by adverse external conditions
First written in FY2023-Q2. 2 of 3 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2023.
39 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「Operating profit was ¥426.1 billion, up ¥84.9 billion, or 24.9%, year on year, despite a difficult external environment, including higher material and raw-material costs, particularly for electronic components, as well as higher logistics and energy costs, supported by global streamlining efforts and reflecting cost increases in prices.」
By combining the reflection of cost increases in prices with streamlining efforts, the company secured full-year operating profit of ¥426.1 billion, up 24.9% year on year. - FY2023-Q3AdvancedAnnual report
「In Japan, revenue increased to ¥2,691.7 billion, up ¥101.6 billion, or 3.9%, year on year, despite production cuts caused by semiconductor shortages, supported by the weak yen. Operating profit was ¥146.7 billion, up ¥2.6 billion, or 1.8%, year on year, as the company pursued cost reductions and reflected adverse external conditions in prices.」
By pursuing cost reductions and reflecting adverse external conditions in prices, the company secured operating profit of ¥146.7 billion in Japan, up 1.8% year on year. - FY2023-Q2First statedAnnual report
「Revenue in Japan increased to ¥1,738.9 billion, up ¥49.0 billion, or 2.9%, year on year, despite vehicle production cuts. Operating profit increased to ¥91.0 billion, up ¥2.1 billion, or 2.4%, year on year. Despite higher material and labor costs, the company benefited from the weak yen and streamlining efforts, and made progress in reflecting the impact of adverse external conditions in prices.」
The company identified passing higher material and labor costs and other adverse external conditions through to prices as a specific measure to improve profitability.