Rationalization of a Product Portfolio Comprising More Than 3 Million Types
First written in FY2016. 3 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2024.
31 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Following the discontinuation of production and sales of certain products, the company wrote down the value of parts related to those products and recorded the amount as an extraordinary loss under "inventory write-downs."」
As part of the product consolidation, the company discontinued the production and sale of certain products and wrote down the value of the related parts. - FY2021AdvancedAnnual report
「Although raw-material costs continued to rise, the gross profit margin was 40.0%, almost unchanged from the previous consolidated fiscal year, owing to the large-scale consolidation and elimination of products, the first since the Company’s founding, efforts to strengthen a lean operating structure, and cost reductions.」
It states that the company carried out the first large-scale consolidation and discontinuation of products since its founding and maintained a gross profit margin of 40.0% through streamlining and cost reductions. - FY2020AdvancedAnnual report
「This was attributable to efficiency gains from consolidating and eliminating products, cost reductions from reviewing operations, and the implementation of measures to improve earnings.」
Regarding the consolidation and elimination of products pursued since 2016, the Company implemented efficiency improvements and identified them as a factor contributing to improved operating profit. - FY2016First statedAnnual report
「The number of products handled by the Company has continued to increase each year, reaching more than 3 million types in the system. Going forward, the time required for daily product maintenance and quality control will increase each year, creating a situation that could inconvenience customers. To maintain our quality-assurance and product-supply systems as NKK, the quality leader, we intend to promote the consolidation and elimination of products.」
Against the backdrop of the growing number of products, the Company plans to consolidate and eliminate products in order to maintain its quality-assurance and supply systems.