Improving Management Efficiency Through Cost Reduction
First written in FY2017-Q3. 15 of 19 entries say "Advanced", first in FY2017. Latest entry: FY2026.
3 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Promoting “Profit Improvement Strategy 2.0” as the next stage in enhancing value proposition」
The previous initiatives to improve sales quality and net proceeds were reorganized under the new medium- to long-term vision as “Profit Improvement Strategy 2.0.” - 2026-05-25AdvancedGeneral Meetings of Shareholders
「We will contain increases in fixed costs by suspending operations at the third plant in Thailand, improving the productivity of indirect employees through the use of AI, and shortening development periods. We will also work to make substantial reductions in vehicle costs by promoting the common use of parts and components and reducing the number of platforms and powertrains.」
Specific measures were presented for cost reduction and operational efficiency, including suspending plant operations, using AI, shortening development periods, sharing parts, and reducing the number of platforms and powertrains. - FY2025AdvancedAnnual report
「Although conditions were challenging, we steadily converted higher unit sales, led by new models, into earnings and thoroughly reduced expenses, resulting in a full-year outcome above the earnings outlook revised in February 2025.」
The company explained that cost management and expense reductions, combined with higher unit sales from new models, contributed to the full-year outcome exceeding the revised earnings outlook. - FY2024AdvancedAnnual report
「Full-year operating profit was ¥191.0 billion, up ¥0.5 billion year on year, as improvements in selling prices resulting from a better sales mix and favourable foreign exchange rates offset sluggish overall demand in some ASEAN regions, intensified competition as vehicle supply constraints eased, and higher material and transportation costs.」
Improved selling prices from better sales quality and higher net proceeds, together with favorable foreign exchange movements, offset weak demand, intensifying competition, and higher costs, securing full-year operating profit of ¥191.0 billion. - FY2024-Q3AdvancedAnnual report
「Against this backdrop, we achieved solid performance by promoting improvements in sales quality and our “net proceeds improvement initiatives.” As a result, group revenue was ¥2,063.9 billion, up ¥258.6 billion year on year, or 14%, while operating profit was ¥160.1 billion, up ¥6.4 billion, or 4%.」
The continued improvement in sales quality and net proceeds resulted in revenue increasing 14% year on year to ¥2,063.9 billion and operating profit increasing 4% to ¥160.1 billion, demonstrating the effects of improved operating efficiency. - FY2024-Q2AdvancedAnnual report
「Against this backdrop, our performance grew steadily year on year as we promoted improvements in sales quality and our “net proceeds improvement initiatives.” As a result, group revenue was ¥1,330.8 billion, up ¥172.6 billion year on year, or 15%, while operating profit was ¥104.2 billion, up ¥19.6 billion, or 23%, reflecting improvements in regional mix and selling prices, among other factors.」
Efforts to improve sales quality, increase net proceeds, and improve regional mix and selling prices continued, resulting in first-half revenue of ¥1,330.8 billion, up 15% year on year, and operating profit of ¥104.2 billion, up 23%. - FY2024-Q1AdvancedAnnual report
「Against this backdrop, our performance improved significantly year on year, supported by the improvement in sales quality and the promotion of our “net proceeds improvement initiatives,” which have continued since fiscal 2021, together with favorable foreign exchange movements. As a result, group revenue was ¥635.8 billion, up ¥107.1 billion year on year, or 20%, while operating profit was ¥45.2 billion, up ¥14.4 billion, or 47%, reflecting improvements in regional mix and selling prices, among other factors.」
The benefits of improving sales quality, increasing net proceeds, and improving regional mix and selling prices were reflected in concrete performance improvements: revenue of ¥635.8 billion, operating profit of ¥45.2 billion, and a 47% year-on-year increase in operating profit. - FY2023-Q3AdvancedAnnual report
「Against this backdrop, the results of our company's net revenue improvement strategy pursued since the previous year became apparent, putting the company in a sustained improvement phase. As a result, group revenue was ¥1,805.3 billion, up ¥389.2 billion year on year, or 27%, and operating profit was ¥153.7 billion, up ¥97.8 billion year on year, or 175%, due to improvements in the regional mix and selling prices.」
The company explained that the results of its net revenue improvement strategy had become apparent, and operating profit increased by ¥97.8 billion year on year to ¥153.7 billion through improvements in management efficiency, including the regional mix and selling prices. - FY2023-Q2AdvancedAnnual report
「Amid this operating environment, our results improved significantly year on year as we focused on improving sales quality and net revenue, while also benefiting from favorable foreign exchange movements. As a result, group revenue was ¥1,158.2 billion, up ¥267.6 billion year on year, or 30%, and operating profit was ¥84.6 billion, up ¥59.4 billion year on year, or 236%, due to improvements in the regional mix and selling prices.」
Efforts to improve sales quality, net revenue, the regional mix and selling prices resulted in operating profit of ¥84.6 billion, up ¥59.4 billion year on year, with the effects of improvements in management efficiency reflected in the results. - FY2022-Q3AdvancedAnnual report
「Group revenue was ¥1,416.1 billion, up ¥463.3 billion year on year, or 49%. Operating profit was ¥55.9 billion, compared with an operating loss of ¥86.7 billion in the same period of the previous year, due to higher wholesale sales, the effects of controlling discounts and cost improvements.」
Improvements in management efficiency, including the control of discounts and cost improvements, were reflected in the improvement from an operating loss of ¥86.7 billion in the same period of the previous year to operating profit of ¥55.9 billion. - FY2022-Q2AdvancedAnnual report
「Operating profit improved significantly to ¥25.2 billion, compared with an operating loss of ¥82.6 billion in the same period of the previous year, due to higher unit sales, an improved sales mix and the effects of controlling selling expenses.」
Improvements in management efficiency, including cost reductions and control of selling expenses, continued, and operating profit improved from a loss of ¥82.6 billion in the same period of the previous year to profit of ¥25.2 billion. - FY2022-Q1AdvancedAnnual report
「Revenue was ¥431.9 billion, up ¥202.4 billion year on year, or 88%. Operating profit improved significantly to ¥10.6 billion, compared with an operating loss of ¥53.3 billion in the same period of the previous year, due to higher unit sales and an improved sales mix resulting from the new-model effect and other factors, the effects of controlling selling expenses, and the effects of cost reductions implemented since the previous fiscal year.」
The effects of controlling selling expenses and cost reductions implemented since the previous fiscal year emerged as factors driving the improvement in operating profit, which turned from an operating loss of ¥53.3 billion in the same period of the previous year to operating profit of ¥10.6 billion. - FY2021-Q1AdvancedAnnual report
「• Reduce fixed costs by at least 20% from fiscal 2019 levels, while improving profitability through focused investment」
The conventional fixed-cost reduction policy was formalized as a measure under the new medium-term management plan, with a target of at least 20% from fiscal 2019 levels. - FY2020RaisedAnnual report
「③ Pursue fundamental reductions in fixed costs and expenses across all areas of sales, development, production and headquarters/administrative functions, reducing fixed costs by at least 20% over the next 2 years」
The company expanded its conventional expense-control and cost-reduction policy into a quantified initiative covering sales, development, production and headquarters/administrative functions, with a target of reducing fixed costs by at least 20% over the next 2 years. - FY2020-Q1RestatedAnnual report
「To address this situation, we continued investing for future growth while working to reduce costs, including by reassessing expenses, although some measures would take time to produce results.」
The company continued reducing costs, including by reassessing expenses, while proceeding with investments for future growth. It explained that some measures would take time to produce results. - FY2018AdvancedAnnual report
「Operating profit improved significantly from ¥5.1 billion in the previous consolidated fiscal year to ¥98.2 billion, an increase of ¥93.1 billion year on year. This increase was mainly due to the impact of higher unit sales, together with the effects of cost reductions and lower market action expenses.」
Improvements in management efficiency, including the effects of cost reductions, emerged in the full-year results as a major factor behind the significant improvement in operating profit to ¥98.2 billion. - FY2018-Q2AdvancedAnnual report
「While exercising thorough cost control and significantly increasing R&D expenses, we aim to reduce total manufacturing costs, including production and logistics costs, by 1.3% annually.」
The company progressed from describing conventional cost-reduction efforts to setting a specific target of reducing total manufacturing costs, including production and logistics costs, by 1.3% annually. - FY2017AdvancedAnnual report
「Although the decline in unit sales was compounded by adverse foreign exchange movements and higher market action costs, cost-reduction efforts enabled the company to secure operating profit of ¥5.1 billion, down ¥133.3 billion year on year, or 96%.」
Despite challenging sales and foreign-exchange conditions, improvements in management efficiency, including cost-reduction efforts, secured full-year operating profit of ¥5.1 billion. - FY2017-Q3First statedAnnual report
「In the standalone third quarter (1 October to 31 December 2016), improvements in management efficiency centered on cost reductions, together with the positive impact of foreign exchange, led to a recovery of quarterly operating profitability, with profit of ¥8.4 billion.」
Although an operating loss remained on a cumulative basis, the company generated operating profit of ¥8.4 billion in the standalone third quarter through improvements in management efficiency centered on cost reductions, demonstrating a return to quarterly profitability.