Emergency Measures for COVID-19 and Operational Reform
First written in FY2020. 1 of 2 entries say "Advanced", first in FY2021. Latest entry: FY2021.
The whole theme swung hardest in 2023: 1 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「As specific measures in response to these circumstances, the Group is investing in areas where market expansion is expected, strengthening its sales network and shifting toward service businesses, while also reducing fixed costs, including personnel costs, placing employees on temporary leave, reviewing factory utilization rates and adjusting production, reducing externally disbursed costs, reviewing investment plans, effectively utilizing surplus resources and using government support programs in various countries. The Group is also working to establish a work-from-home environment, expand its tools and review its systems so that management and operations can be conducted remotely across a broad range of activities.」
The response to COVID-19 expanded from emergency measures covering fixed costs, production and investments to investments in growth markets, strengthening the sales network, shifting toward services and developing a work-from-home environment. - FY2020First statedAnnual report
「To mitigate these effects, the Group is implementing measures including reducing fixed costs, including personnel costs, placing employees on temporary leave, reviewing factory utilization rates and adjusting production, reducing externally disbursed costs, reviewing investment plans, effectively utilizing surplus resources and using government support programs in various countries.」
In response to the impact of COVID-19, the Group is reviewing fixed costs, externally disbursed costs and investments, adjusting production, placing employees on temporary leave and utilizing surplus resources, while also beginning to reform business processes prompted by the shift to telework.