Cost Reduction through Automation and Streamlining

「原材料価格高騰や秋田新工場への先行投資、人件費などの増加を、増収効果、原価低減、構造改革効果でカバー」

「Review the structure and roles of all production sites, improve production efficiency by 15%, ensure the smooth launch of the Akita Plant, and increase the domestic production ratio」

「In terms of earnings, despite the impact of higher raw-material prices and other factors, operating profit increased 28.1% year on year to ¥2,715 million, ordinary profit increased 65.5% to ¥3,013 million, and interim profit attributable to owners of the parent increased 91.1% to ¥2,081 million due to cost reductions and the effects of structural reforms.」

「In terms of earnings, although the company continued to focus on improving the earnings structure and reducing costs, operating profit declined 8.6% year on year to ¥4,792 million, ordinary profit declined 8.2% to ¥5,383 million, and profit attributable to owners of the parent for the quarter declined 1.3% to ¥4,294 million due to increased selling, general and administrative expenses, including higher costs related to the new ERP system scheduled to be introduced in the next fiscal year and higher personnel expenses.」

「In terms of earnings, increases in selling, general and administrative expenses, including costs related to the new ERP system scheduled for implementation and personnel expenses, were absorbed through higher revenue, efforts to improve the earnings structure and cost reductions. Operating profit increased 8.2% year on year to ¥3,315 million, ordinary profit increased 1.9% from the previous fiscal year to ¥4,124 million, and profit attributable to owners of the parent for the quarter increased 9.2% year on year to ¥3,167 million.」

「In terms of earnings, although the company continued efforts to improve the earnings structure and promote cost reductions, operating profit declined 30.8% year on year to ¥967 million, ordinary profit declined 21.7% from the previous fiscal year to ¥1,625 million, and profit attributable to owners of the parent for the quarter declined 12.9% year on year to ¥1,251 million due to continued high raw-material prices and increased selling, general and administrative expenses, including costs related to the new ERP system scheduled to be introduced during the current cumulative consolidated period.」

「In terms of earnings, although the suspension of operations at the Shanghai production subsidiary due to lockdowns in China during the first quarter and higher raw-material prices had an adverse effect, the recovery in revenue from the second quarter, efforts to improve the earnings structure and cost reductions resulted in operating profit increasing 54.8% year on year to ¥5,242 million, ordinary profit increasing 72.5% to ¥5,864 million, and profit attributable to owners of the parent for the quarter increasing 47.3% to ¥4,350 million.」

「In terms of earnings, although the suspension of operations at the Shanghai production subsidiary due to lockdowns in China during the first quarter and higher raw-material prices had an adverse effect, the recovery in revenue from the second quarter, efforts to improve the earnings structure, lower transportation costs and cost reductions resulted in operating profit increasing 21.3% year on year to ¥3,063 million, ordinary profit increasing 64.6% to ¥4,045 million, and profit attributable to owners of the parent for the quarter increasing 33.8% to ¥2,901 million.」

「In terms of earnings, although the suspension of operations at the Shanghai production subsidiary due to lockdowns in China and higher raw-material prices had an adverse effect, operating profit increased 10.6% year on year to ¥1,398 million, ordinary profit increased 71.9% to ¥2,074 million, and profit attributable to owners of the parent for the quarter increased 36.5% to ¥1,436 million, due to efforts to improve the earnings structure and promote cost reductions.」

「As measures to improve earnings, the entire company will focus on the following 3 initiatives. a. Improving the earnings structure (a) Reviewing pricing policies and improving gross margins (b) Promoting cost reductions for core product series (c) Improving factory productivity, reforming logistics, and strengthening PSI control」

「In terms of earnings, although higher raw-material and transportation costs and increased logistics expenses due to supply-chain disruptions had an adverse effect, the company promoted greater recovery of fixed costs through higher revenue and cost reductions through increased in-house production. Operating profit increased 94.7% year on year to ¥3,387 million, ordinary profit increased 115.1% to ¥3,399 million, and profit attributable to owners of the parent for the quarter increased 167.4% to ¥2,953 million.」

「The ratio of cost of sales to revenue rose 2.1 percentage points from the previous fiscal year to 69.3%. The main factors were higher wages in Asia, surging prices of materials such as gold and copper, and increased depreciation expenses associated with capital investment in new products and efficiency improvements, although cost-reduction activities produced some results.」

「In terms of earnings, operating profit declined 52.1% year on year to ¥1,739 million due in part to lower revenue and higher gold prices, although the company worked diligently on thorough cost-reduction activities.」

「In terms of earnings, despite the effects of lower revenue and higher gold prices, thorough cost-reduction activities resulted in operating profit of ¥173 million, down 92.7% year on year,」

「In terms of earnings, despite thorough cost-reduction activities, operating loss was ¥395 million due to the substantial decline in revenue and the impact of higher gold prices, compared with operating profit of ¥1,398 million in the same period of the previous year.」

「Although further cost reductions and expense cuts produced some results, operating profit declined due to lower revenue resulting from the deteriorating external environment, production adjustments made in the first half in light of the outlook for future sales, and higher gold prices.」

「Operating profit was affected by lower revenue due to the deteriorating external environment, but the company worked to promote further cost reductions and cut expenses, limiting the decline in profit.」

「Cost-reduction activities, including reductions in material costs, paid off, and the ratio of cost of sales to revenue fell 2.3 percentage points from the previous fiscal year to 61.0%.」

「Cost-reduction activities paid off, with operating profit increasing 34.2% year on year to ¥1,836 million, ordinary profit increasing 52.7% to ¥1,785 million, and profit attributable to owners of the parent for the quarter increasing 63.8% to ¥1,396 million.」

「Cost-reduction activities, including reductions in material costs, paid off, and the ratio of cost of sales to revenue fell 1.2 percentage points from the previous fiscal year to 63.3%.」

「Meanwhile, in terms of earnings, although we carried out additional cost reductions through automation, efficiency measures and other initiatives as planned to offset an unexpected decline in selling prices,」