Structural reforms in response to the contraction of the South American market
First written in FY2017-Q2. 3 of 7 entries say "Restated". Latest entry: FY2018.
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- FY2018AdvancedAnnual report
「In South America, revenue increased with the market recovery and the ongoing impact of cost reductions to ¥8,357 million, up 19.8% year on year, while segment profit was ¥82 million, compared with a loss of ¥725 million in the previous fiscal year.」
For the structural reforms in the South American business, ongoing cost reductions have produced the measurable effect of turning the business profitable. - FY2018-Q3AdvancedAnnual report
「South America: Due to higher sales from improved market conditions and cost improvements from ongoing business restructuring, sales were ¥6,030 million, up 10.5% year on year, and the segment reported profit of ¥45 million, compared with a loss of ¥431 million in the same period of the previous year.」
The disclosure shows the specific effect of continuing cost improvements in South America, with the loss in the same period of the previous year turning into segment profit. - FY2018-Q2AdvancedAnnual report
「South America: Due to higher sales from improved market conditions and lower costs from ongoing business restructuring, sales were ¥3,751 million, up 8.4% year on year, and the segment loss narrowed to ¥181 million, compared with a loss of ¥592 million in the same period of the previous year.」
The disclosure describes the specific effect of the structural reforms in South America, namely a reduction in the loss through cost improvements. - FY2018-Q1RestatedAnnual report
「South America: Despite higher sales and the effects of lower costs from business restructuring, sales were ¥2,044 million, up 32.1% year on year, and the segment loss was ¥128 million, compared with a loss of ¥484 million in the same period of the previous year.」
Structural reforms are continuing in response to the contraction of the South American market, with the impact of cost reductions and a narrowing loss described. As there is no statement indicating that the reforms have been completed, this is treated as an ongoing initiative. - FY2017RestatedAnnual report
「In South America, the continued sluggishness of Brazil's motorcycle market led to a decline in orders from major customers. Sales were ¥6,977 million, down 25.3% year on year, and despite comprehensive business restructuring, the segment loss was ¥725 million, compared with a loss of ¥1,132 million in the previous consolidated fiscal year.」
Structural reforms are continuing in response to the contraction of the South American market. Although the loss narrowed, there is no statement indicating that the reforms have been completed. - FY2017-Q3RestatedAnnual report
「Despite pursuing thorough structural reforms, the segment posted a loss of ¥431 million, compared with a loss of ¥520 million in the same period of the previous year.」
Structural reforms are continuing in response to the contraction of the South American market. Although the loss narrowed year on year, there is no statement indicating that the structural reforms have been completed or that targets have been achieved, so this is treated as an ongoing initiative rather than specific progress. - FY2017-Q2First statedAnnual report
「Although we implemented structural reforms in response to the market's rapid and substantial contraction, revenue and profit declined.」
This is the first explicit statement that structural reforms were implemented as a response to the rapid and substantial contraction of the South American market.