Cost Structural Reform
First written in FY2017-Q1. 6 of 11 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2021.
27 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「Effective from the fiscal year ending March 2022, Transportation will be integrated into Base Functional Materials. In addition, we will continue to review production sites globally, primarily in the Industrial Tape and Optronics divisions, pursue thorough rationalisation and promote business structural reforms in Japan and overseas.」
The Company plans to integrate Transportation into Base Functional Materials from the fiscal year ending March 2022 and continue reviewing production sites and pursuing rationalisation as part of its structural reforms. - FY2020RestatedAnnual report
「We will review production sites globally, primarily in the Industrial Tape and Optronics businesses, pursue thorough rationalisation and promote business structural reforms in Japan and overseas.」
The Company has reaffirmed its policy of continuing to review production sites globally, pursue rationalisation and implement business structural reforms in Japan and overseas. - FY2020-Q3RestatedAnnual report
「The Group pursued new growth areas and improved productivity, but its performance did not reach the level of the same period of the previous year.」
The Company states that it continues to pursue new growth areas and improve productivity as measures to respond to the changing business environment. - FY2020-Q2RestatedAnnual report
「Our Group pursued initiatives in new growth areas and improved productivity in response to a changing environment, but its results did not reach the level of the same period of the previous year.」
The Company continues to pursue new growth areas and improve productivity as measures to respond to the changing business environment. - FY2019AdvancedAnnual report
「We will review production sites globally, primarily in the Industrial Tape and Optronics businesses, pursue thorough rationalisation and promote business structural reforms in Japan and overseas.」
For cost structure reform, the Company identified the global review of production sites, rationalisation and business structural reforms in Japan and overseas as specific measures. - FY2018AdvancedAnnual report
「We will improve profitability, primarily in the Industrial Tape and Optronics businesses, by enhancing productivity and shifting to high-value-added products, while creating new demand in the Life Science and other businesses.」
The means of structural reform have been specified by business as productivity improvement, a shift to high-value-added products and new demand creation. - FY2018-Q1AdvancedAnnual report
「In automotive materials within the Transportation Business, the company continued improving productivity in structural materials, including by changing production sites, while expanding applications and markets for interior-pressure control materials for automotive electronics and tapes for wire harnesses, thereby improving profitability.」
The Company states that it improved profitability by continuing to enhance productivity in Automotive Materials through measures including the transfer of production sites, and by expanding applications and markets for automotive electronics-related products. - FY2017AdvancedAnnual report
「The company will further strengthen its existing businesses and refine the strengths unique to the Nitto Group by improving profitability, particularly in the Basic Functional Materials and Optronics businesses, while creating new demand in areas including the Transportation business.」
Regarding structural reforms in the existing businesses, the Company has specified the focus and means as improving profitability in Base Functional Materials and Optronics and creating new demand in Transportation. - FY2017-Q3AdvancedAnnual report
「The industrial tapes business is also working to improve productivity and has improved profitability.」
The company stated that it had pursued productivity improvements and improved profitability in the industrial tapes business. - FY2017-Q2RestatedAnnual report
「In the base materials business, the company implemented differentiated measures for products in the growth phase and products requiring rationalization.」
Regarding cost structure reform, the company specified that it had implemented separate measures for growth products and products subject to rationalization, but provided no quantitative targets or completion date. - FY2017-Q1First statedAnnual report
「The company is pursuing business portfolio transformation and cost structure reform more actively than before.」
The company explicitly identified efforts to reform its cost structure as an initiative alongside business portfolio transformation. No specific measures or quantitative targets were provided.