FY2020 Structural Reforms (Focus on ASEAN, Product Lineup Review and Fixed-Cost Reductions)
First written in FY2020. 13 of 15 entries say "Advanced", first in FY2021-Q1. Latest entry: 2026-05-29.
Mitsubishi Motors moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
5 other companies' latest entry also says "Reframed".
- 2026-05-29ReframedManagement plan
「By simultaneously pursuing a brand-led “growth strategy” and “business structure transformation” aimed at strengthening our earnings base, we will steadily implement this vision even in a highly uncertain business environment.」
The previous explanation of structural reform was reorganized into a medium- to long-term framework that simultaneously advances a brand-led growth strategy and business structure transformation aimed at strengthening the earnings base. - FY2024AdvancedAnnual report
「Although the current consolidated fiscal year was the first year of the medium-term management plan Challenge 2025, it was a pivotal year that significantly changed the direction established in the past through a review of the regional portfolio, including China and Russia, the launch of new models and a review of the product mix, including models introduced from alliance partners, and the launch of the Group's first HEV.」
The structural reforms progressed to a review of the regional portfolio, the restructuring of the China and Russia businesses, the launch of new models and HEVs, and a review of the product mix, positioning the first year of Challenge 2025 as the starting point for a transformation of the business structure. - FY2024-Q3AdvancedAnnual report
「Pajero Manufacturing Co., Ltd., formerly a domestic consolidated subsidiary of the Company that ended production in August 2021 as part of the reorganisation of the production structure, was removed from the scope of consolidation following completion of its liquidation during the second quarter consolidated accounting period.」
As part of the review of the domestic production structure accompanying the structural reforms, liquidation of Pajero Manufacturing Co., Ltd., which had ended production, was completed and the company was removed from the scope of consolidation. - FY2024-Q2AdvancedAnnual report
「Pajero Manufacturing Co., Ltd., formerly a domestic consolidated subsidiary of the Company that ended production in August 2021 as part of the reorganisation of the production structure, was removed from the scope of consolidation following completion of its liquidation during the three months ended the second quarter.」
As part of the review of the domestic production structure accompanying the structural reforms, liquidation of Pajero Manufacturing Co., Ltd., which had ended production, was completed and the company was removed from the scope of consolidation. - FY2024-Q1AdvancedAnnual report
「Amid the continuing unstable business environment, we promoted improvements in sales quality and our “net proceeds improvement initiatives,” and sincerely addressed and worked on every challenge. Together with favorable foreign exchange movements, these efforts enabled us to post record-high first-quarter profit. We consider the first year of the new medium-term management plan, “Challenge 2025,” to have got off to a solid start.」
As follow-up structural reform measures, the company continued initiatives to improve sales quality and net revenue and achieved record-high profit for a first quarter. The earnings improvement in the first year of the new medium-term management plan was reflected in specific results. - FY2023-Q3AdvancedAnnual report
「Against this backdrop, the results of the net revenue improvement strategy pursued since last year have begun to emerge, and the Company's results are in a sustained improvement phase.」
The company explained that the results of measures implemented since last year to improve sales quality and net revenue, as part of the structural reforms, had begun to emerge and that earnings were entering a phase of continued improvement. Operating profit reached ¥153.7 billion, owing to the regional mix, improved selling prices and other factors. - FY2023-Q2AdvancedAnnual report
「Against this backdrop, the Company's results improved substantially year on year, as it focused on initiatives to improve sales quality and net revenue, in addition to benefiting from favourable foreign exchange movements.」
The company explained that it continued initiatives to improve sales quality and net revenue as part of the structural reforms, and that results improved substantially year on year, helped by favourable foreign exchange movements. - FY2023-Q1AdvancedAnnual report
「Meanwhile, the results improved substantially year on year as the results of measures to improve sales quality implemented since the previous fiscal year gradually emerged, supported by favourable foreign exchange movements.」
The results of measures to improve sales quality, as part of the structural reforms, began to emerge, and favourable foreign exchange movements also contributed to the improvement in 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.」
The effects of structural reforms relating to improving sales quality, curbing discounts and improving costs were reflected in the results for the nine months ended the third quarter as a shift from an operating loss to an operating profit. - FY2022-Q2AdvancedAnnual report
「Pajero Manufacturing Co., Ltd. stopped production as planned during the six months ended the second quarter.」
As part of the review of the domestic production structure accompanying the structural reforms, Pajero Manufacturing Co., Ltd. stopped production as planned. - FY2022-Q1AdvancedAnnual report
「However, the Company's results improved substantially year on year, owing to a significant improvement in profitability following the successful launch of the new Outlander in North America and the continuing effects of the structural reforms implemented since the previous fiscal year.」
The effects of structural reform measures implemented since the previous fiscal year, including the focus on ASEAN and other markets, the product lineup review and fixed-cost reductions, continued to emerge, and operating profit improved from a loss in the same period of the previous fiscal year to a profit of ¥10.6 billion. - FY2021-Q3AdvancedAnnual report
「Specific measures include reviewing production capacity, the sales structure and the product lineup, as well as substantially reducing fixed costs.」
The structural reform measures were further specified to include reviews of production capacity, the sales structure and the product lineup, along with fixed-cost reductions. In Japan, the company is also curbing fleet sales and reviewing selling prices. - FY2021-Q2AdvancedAnnual report
「For sales-related assets of consolidated subsidiaries, the carrying amounts were reduced to recoverable amounts because the company decided to close some dealerships and take other measures to reorganise its sales structure under the plan. For production assets of consolidated subsidiaries, the asset groups were separated from other production assets and their carrying amounts were reduced to recoverable amounts because the company decided to reorganise its production structure and scale back operations under the plan.」
The structural reform plan explicitly called for the closure of some dealerships as part of the sales-structure reorganisation, as well as the reorganisation of the production structure and the scaling back of operations, and progressed to a review of specific sites and production systems. - FY2021-Q1AdvancedAnnual report
「・Reduce fixed costs by at least 20% from fiscal 2019 levels and improve profitability through focused investment ・Concentrate management resources on ASEAN and expand market share in the region to more than 11% ・Develop the markets of Africa, Oceania and South America as a second pillar after ASEAN ・Strengthen the lineup of environmentally friendly vehicles (PHEVs and EVs) by launching new models through fiscal 2022, and continue launching new models such as pickup trucks, SUVs and MPVs in ASEAN from fiscal 2022 onward」
The structural reform plan formally set out multiple specific targets, deadlines and measures, including a fixed-cost reduction of at least 20%, an ASEAN market share of more than 11%, development of regions to serve as a second pillar, and enhancement of the PHEV and EV lineup by fiscal 2022. - FY2020First statedAnnual report
「Accordingly, from fiscal 2020, the Group will pursue the structural reforms described below. <Overview of structural reforms> ① Focus on core markets, including ASEAN ② Fundamental review of the product lineup, centred on strengthening product development for ASEAN ③ Pursue fundamental reductions in fixed costs and expenses across sales, development, production, headquarters and administrative functions, reducing fixed costs by at least 20% over the next 2 years」
As new structural reforms from fiscal 2020, the company first explicitly presented an integrated set of measures comprising a focus on core markets, a review of the product lineup centred on product development for ASEAN, and a reduction in fixed costs of at least 20% over 2 years.