Strengthening Manufacturing Capabilities and Improving Production Efficiency

「Capital expenditures for the fiscal year totaled ¥825 million. The main expenditures were additions to and replacements of machinery and equipment.」

「Operating profit fell 25.1% year on year to ¥297 million, due to lower sales, higher costs for procuring some raw materials and higher depreciation expenses resulting from equipment replacements to improve productivity.」

「Capital expenditures for the fiscal year totaled ¥919 million. The main expenditures were additions to and replacements of machinery and equipment.」

「Despite weak performance at overseas consolidated subsidiaries, operating profit increased 37.2% year on year to ¥397 million, due to an improved operating rate resulting from higher sales centered on重点 products.」

「Capital expenditures for the fiscal year totaled ¥874 million. The main expenditures were additions to and replacements of production equipment.」

「In terms of earnings, we are working to improve productivity by automating production and developing multifunctional production equipment suited to high-mix, low-volume production, among other initiatives.」

「The Group is working to improve its business portfolio by disseminating know-how for fundamental productivity improvements using business ROIC and investing in businesses expected to grow, in order to achieve the Nippon Tungsten Group 2024 Medium-Term Management Plan,」

「Against this economic backdrop, with the Group expecting challenging performance for the fiscal year, it is working to recover earnings by strengthening initiatives to reduce costs through cumulative improvements and revise prices in response to rising raw material and energy costs.」

「Operating profit increased 24.8% year on year to ¥602 million, as sales exceeded those of the same quarter of the previous year and the company advanced earnings improvement activities, including reductions in manufacturing expenses and selling, general and administrative expenses.」

「Operating profit increased 53.0% year on year to ¥320 million, due to higher sales, the relatively high proportion of raw materials purchased during the previous fiscal year, the absence of logistics disruptions such as supply restrictions and higher import procurement costs, and efforts to reduce manufacturing expenses and selling, general and administrative expenses.」

「We reduced manufacturing costs through thorough improvement activities, including reductions in procurement costs and in-process defects. In addition, efforts to reduce expenses, including improvements in sales activities adapted to the new normal and continued reductions in travel costs through the active use of web conferencing systems, resulted in operating profit of ¥913 million, up 231.9% year on year.」

「Operating profit increased 664.2% year on year to ¥744 million, due to higher operating rates resulting from increased sales, an improved cost-of-sales ratio resulting from cost reduction activities and stronger cost management through the budget-versus-actual management system.」

「Operating profit was ¥483 million, compared with an operating loss of ¥7 million in the same quarter of the previous year, due to a substantial increase in sales resulting from strong performance in the automotive parts and semiconductor and electronic parts markets, as well as an improved cost-of-sales ratio resulting from cost reduction activities.」

「Operating profit increased 384.3% year on year to ¥209 million, due to higher sales, a recovery in the operating rate and improvements in the cost-of-sales ratio, including the reversal of impairment losses recognized in the previous fiscal year.」

「We implemented every possible measure to offset the decline in performance caused by the global spread of the novel coronavirus disease, including active management improvement measures such as rigorous profit management through product selection and concentration and cost reduction activities. However, these measures were insufficient to fully offset the decline in sales caused by the rapid deterioration in market conditions, and gross profit fell 17.6% year on year to ¥2,204 million.」

「Although we actively advanced management improvement measures, including rigorous profit management through product selection and concentration and cost reduction activities, results were trending upward, but operating profit fell 80.1% year on year to ¥97 million due to lower sales.」

「Although we actively advanced management improvement measures, including cost reduction activities, the significant impact of lower sales resulted in an operating loss of ¥7 million, compared with operating profit of ¥267 million in the same quarter of the previous year.」

「We actively advanced management improvement measures, including cost reduction activities, to mitigate the impact of the novel coronavirus disease, but the substantial decline in sales resulted in operating profit of ¥43 million, down 72.1% year on year.」

「As part of the organizational restructuring effective 1 April 2020, we established a department dedicated to promoting productivity improvements and strengthened the procurement function. We will strengthen cooperation between these departments and the headquarters overseeing the machinery parts and electrical parts businesses, advance effective cost reduction activities and transform our manufacturing processes.」

「Although we continued cost reduction measures, including stronger profitability management and higher production efficiency, the decline in sales led to operating profit of ¥490 million, down 46.0% year on year.」

「Although we continued cost reduction measures, including rigorous production control and higher production efficiency, the decline in sales led to operating profit of ¥267 million, down 58.1% year on year.」

「Under our basic policy of using our manufacturing capability to make good products that satisfy customers, at low cost and quickly, we aim to increase earnings by improving production efficiency, reducing costs and stabilizing quality.」

「Gross profit for the fiscal year increased 19.5% year on year to ¥3,117 million. This was mainly due to higher sales and continued efforts to improve quality and productivity and reduce costs, including reductions in in-process defects.」

「In addition to higher sales, continued cost measures, including improvements in quality and productivity and reductions in in-process defects, resulted in operating profit of ¥908 million, up 52.2% year on year.」

「In addition to higher sales, continued cost measures, including improvements in quality and productivity through the introduction of new equipment and reductions in in-process defects, resulted in operating profit of ¥637 million, up 89.1% year on year.」

「In addition to higher sales, continued efforts to improve production efficiency and reduce costs, including reductions in in-process defects, resulted in operating profit of ¥335 million, up 143.6% year on year.」

「Capital expenditures for the fiscal year totaled ¥1,678 million. The main expenditures were the expansion of the Kiyama Plant building, and the addition and replacement of machinery and equipment, to increase production of NT die cutters.」

「In terms of earnings, operating profit increased 76.7% year on year to ¥596 million, reflecting higher sales and improvements in production efficiency, among other factors.」

「In terms of earnings, operating profit increased 49.6% year on year to ¥337 million, reflecting higher sales and improvements in production efficiency, among other factors.」

「In terms of earnings, although we have continued to improve production efficiency, operating profit fell 1.3% year on year to ¥137 million, partly because we incurred expenses necessary for future business development, including promotional expenses for trade shows and other activities and higher personnel expenses resulting from increased hiring.」

「Based on the materials and processing technologies we have cultivated, we aim to increase earnings by improving production efficiency, reducing costs and stabilizing quality under an organizational structure dedicated to manufacturing initiatives, in order to strengthen our manufacturing capability to make good products at low cost and quickly, satisfying our customers.」

「Based on the materials and processing technologies we have cultivated, we are establishing an organizational structure dedicated to manufacturing initiatives in order to strengthen our manufacturing capability to make better products faster and at lower cost. Going forward, we will maximize production efficiency, reduce processing costs and stabilize quality, thereby enhancing price competitiveness, expanding into a wide range of industries and increasing earnings.」

「Based on the materials and processing technologies we have cultivated, we are establishing an organizational structure dedicated to manufacturing initiatives in order to strengthen our manufacturing capability to make better products faster and at lower cost. Going forward, we will maximize production efficiency, reduce processing costs and stabilize quality, thereby enhancing price competitiveness, expanding into a wide range of industries and increasing earnings.」

「Going forward, we will maximize production efficiency, reduce processing costs and stabilize quality, thereby enhancing price competitiveness, expanding into a wide range of industries and increasing earnings.」

「The company positioned “strengthening manufacturing,” “creating new technologies and products,” “addressing global markets,” and “developing human resources” as priority initiatives.」