Building a Strong Earnings Base through Domestic Allocation and Factory Renewal
First written in FY2016. 11 of 18 entries say "Restated". Latest entry: FY2023-Q3.
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- FY2023-Q3RestatedAnnual report
「Despite the impact of production cuts and higher resource prices, fixed-cost reductions associated with structural reforms and the effects of foreign exchange translation resulted in segment profit of ¥913 million, up 30.7% from the same quarter of the previous year.」
Fixed-cost reductions associated with structural reforms continue. In the Parts Manufacturing Business, segment profit increased year on year despite the effects of production cuts and higher resource prices. - FY2023-Q1RestatedAnnual report
「Parts Manufacturing Business Revenue was ¥5,638 million, down 2.2% from the same quarter of the previous year, despite the launch of new parts such as aluminum parts in the electrification field, due to customer production adjustments and other factors resulting from supply chain disruptions. Although fixed costs were reduced through structural reforms and other measures, the substantial impact of production cuts resulted in a segment loss of ¥6 million, compared with segment profit of ¥401 million in the same quarter of the previous year.」
Fixed-cost reductions associated with structural reforms continue, but the Parts Manufacturing Business turned from profit in the previous year to a loss due to the substantial impact of production cuts. - FY2022RaisedAnnual report
「As demand for traditional products, centered on rocker arm assemblies, is expected to decline, we will consider fundamental reorganization of production sites and improvements to production processes for these products to secure and improve profitability.」
The scope of the initiatives has expanded from conventional domestic rationalization and fixed-cost reductions to considering fundamental reorganization of production sites and improvements to production processes based on an expected decline in demand. - FY2022-Q3AdvancedAnnual report
「① Japan Revenue was ¥10,958 million, up 21.3% from the same quarter of the previous year, due to higher orders resulting from the economic recovery and the launch of new engine parts for new V6 vehicle models and engine parts for in-vehicle power generation. Segment profit was ¥901 million, compared with a segment loss of ¥391 million in the same quarter of the previous year, due to the effect of higher revenue and total cost reductions.」
In Japan, higher orders, the launch of new engine parts and total cost reductions resulted in a turnaround from a segment loss of ¥391 million in the previous year to profit of ¥901 million. - FY2022-Q2AdvancedAnnual report
「① Japan Revenue was ¥7,101 million, up 29.1% from the same quarter of the previous year, due to higher orders resulting from the economic recovery and the launch of new engine parts for new V6 vehicle models and engine parts for in-vehicle power generation. Segment profit was ¥520 million, compared with a segment loss of ¥768 million in the same quarter of the previous year, due to the effect of higher revenue and total cost reductions.」
In Japan, higher orders, the launch of new engine parts and total cost reductions resulted in a turnaround from a segment loss of ¥768 million in the same quarter of the previous year to profit of ¥520 million. - FY2022-Q1AdvancedAnnual report
「① Japan Revenue was ¥3,556 million, up 36.3% from the same quarter of the previous year, due to higher orders resulting from the economic recovery and the launch of new engine parts for new V6 vehicle models and engine parts for in-vehicle power generation. Segment profit was ¥376 million, compared with a segment loss of ¥375 million in the same quarter of the previous year, due to the effect of higher revenue and total cost reductions.」
In Japan, higher orders, the launch of new products and total cost reductions resulted in a turnaround from a segment loss of ¥375 million in the same quarter of the previous year to profit of ¥376 million. - FY2021RestatedAnnual report
「Thorough rationalization and fixed-cost reductions in automotive parts manufacturing (existing business areas)」
Thorough rationalization and fixed-cost reductions in existing business areas continue as measures to strengthen the earnings base. - FY2021-Q3RestatedAnnual report
「Despite the impact of the previously mentioned decline in revenue, efforts to reduce costs associated with production adjustments resulted in a segment loss of ¥391 million, compared with a segment loss of ¥576 million in the same period of the previous year.」
Cost reductions associated with production adjustments continued. Japan's loss narrowed from the same period of the previous year, but remained a segment loss of ¥391 million. - FY2021-Q2RestatedAnnual report
「Although efforts were made to reduce costs associated with production adjustments, the impact of the previously mentioned decline in revenue resulted in a segment loss of ¥768 million, compared with a segment loss of ¥155 million in the same period of the previous year.」
Cost reductions associated with production adjustments continued, but the Japan segment's loss widened from the same period of the previous year due to the impact of lower revenue. No new factory reorganization or structural-reform milestone is specified. - FY2021-Q1RestatedAnnual report
「Although efforts were made to reduce costs associated with production adjustments, the impact of the previously mentioned decline in revenue resulted in a segment loss of ¥375 million, compared with segment profit of ¥37 million in the same period of the previous year.」
Although cost reductions associated with production adjustments continued in Japan, the segment turned from profit in the same period of the previous year to a loss due to the impact of lower revenue. - FY2019-Q3RestatedAnnual report
「The effects of higher revenue from rocker arms for kei cars and other products, together with fixed-cost reductions, resulted in segment profit of ¥460 million, up 152.4% year on year.」
Fixed-cost reductions continued in Japan, and segment profit increased year on year. No new factory reorganization or structural-reform milestone is specified. - FY2019-Q2RestatedAnnual report
「The effects of higher revenue from rocker arms for kei cars and other products, together with fixed-cost reductions, resulted in segment profit of ¥210 million, compared with a segment loss of ¥27 million in the same period of the previous year.」
Fixed-cost reductions continued in Japan, and segment results improved from a loss in the same period of the previous year to a profit of ¥210 million. However, no new factory reorganization or structural-reform milestone is specified. - FY2019-Q1RestatedAnnual report
「The effects of higher revenue from rocker arms for kei cars and other products, together with fixed-cost reductions, resulted in segment profit of ¥168 million, up 462.4% year on year.」
Fixed-cost reductions and the effects of higher revenue in Japan continue to be cited as profit drivers, but no new factory reorganization or structural-reform milestone is specified. - FY2018AdvancedAnnual report
「In Japan, the number of employees decreased by 114 from the end of the previous consolidated fiscal year, mainly due to workforce reductions associated with management rationalization.」
Workforce reductions associated with management rationalization resulted in a year-end reduction of 114 employees, while the Japan segment improved from a ¥23 million loss to a ¥257 million profit through structural reforms and fixed-cost reductions. - FY2018-Q3RestatedAnnual report
「The start of mass production of rocker arms for kei cars and fixed-cost reductions associated with structural reforms resulted in segment profit of ¥182 million, up 74.4% year on year.」
The effects of structural reforms and fixed-cost reductions in Japan continue to be described, but no new factory reorganization or milestone achievement is specified. - FY2018-Q2RestatedAnnual report
「Although revenue declined, structural reforms in Japan, a change in the fiscal year-end of the Thai subsidiary and lower fixed costs resulting from reduced retirement benefit expenses resulted in operating profit of ¥1,087 million, up 2.5% year on year, ordinary profit of ¥1,119 million, up 16.9% year on year, and quarterly net profit attributable to owners of the parent of ¥486 million, up 84.7% year on year.」
Structural reforms and fixed-cost reductions in Japan continue to be cited as factors improving profit. No new implementation phase is specified. - FY2018-Q1AdvancedAnnual report
「Although changes in the sales mix reduced profit, structural reforms and lower fixed costs resulting from reduced retirement benefit expenses resulted in segment profit of ¥30 million, compared with a segment loss of ¥1 million in the same period of the previous year.」
Structural reforms and fixed-cost reductions in Japan are described, with the Japan segment turning from a ¥1 million loss in the same period of the previous year to a ¥30 million profit. - FY2016First statedAnnual report
「To build a lean cost structure, we have pursued rationalization measures, including domestic allocation and factory transformation.」
Rationalization of domestic production and factory operations is positioned as a means of improving the earnings base.