Strengthening the business structure to achieve cost competitiveness
First written in FY2017-Q1. 12 of 24 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Achieved".
- FY2025AchievedAnnual report
「As a result, all of TVE Wave 0/1's management targets for fiscal 2024, including revenue, operating income, ROE and DOE, were achieved. …The global footprint became leaner, declining from 69 sites in 14 countries at the end of fiscal 2020 to 53 sites in 9 countries at the end of fiscal 2024. Break-even revenue was reduced from ¥250.0 billion at the end of fiscal 2020 to ¥220.0 billion at the end of fiscal 2024.」
All TVE Wave 0/Wave 1 targets for fiscal 2024 were achieved, along with the consolidation of sites and a reduction in break-even revenue. The restructuring of the earnings platform is described as “almost complete.” - FY2025-H1AdvancedAnnual report
「The gain on sale of land recognized during the interim consolidated accounting period resulted from the sale of land at the Company's former head office and other properties. The expenses relate to the reorganization of plants and offices, including enhanced retirement benefits incurred in North America, Europe and China and the relocation of fixed assets carried out in Japan.」
To improve the earnings structure under the medium-term management plan, the Company recognized a ¥1,561 million gain on the sale of land at the former head office and other properties, implemented enhanced retirement benefits in North America, Europe and China and the relocation of fixed assets and reorganization of plants and offices in Japan, and recognized ¥268 million in business structure improvement expenses. - FY2024-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 October 2023, a resolution was passed on the transfer of fixed assets, and a real estate sale and purchase agreement was signed on 30 October 2023.」
As part of the reorganization of plants and offices and efforts to improve the earnings structure under the medium-term management plan, an agreement was signed to transfer the land and buildings of the former head office and other properties. Following delivery from April to May 2024, a gain on sale of fixed assets of approximately ¥1,330 million is expected to be recognized in the first quarter of the fiscal year ending March 2025. - FY2024-Q2AdvancedAnnual report
「Based on the medium-term management plan announced in May 2021, we are working to improve the earnings structure, including through the reorganization of plants and offices and greater logistics efficiency. As part of these efforts, we are transferring the following assets.」
In Japan, ¥10 million in business structure improvement expenses related to the relocation of fixed assets and the reorganization of plants and offices was recognized, and agreements were signed to transfer the land and buildings of the former head office and other properties. A gain on sale of fixed assets of approximately ¥1,330 million is expected to be recognized in the first quarter of the fiscal year ending March 2025, indicating further progress in specific measures to improve the earnings structure. - FY2023AdvancedAnnual report
「The Group's main activities during the consolidated fiscal year included improving the earnings structure, primarily in Japan, Central and South America, and North America, including structural reforms, and reducing costs by strengthening manufacturing competitiveness. We pursued business streamlining and greater efficiency and thorough cost reductions globally to improve profitability, and steadily implemented measures within our control.」
Structural reforms, business streamlining and greater efficiency, and global cost reductions continued, improving operating income to ¥1,367 million in the current consolidated fiscal year, compared with an operating loss of ¥4,203 million in the previous year. - FY2023-Q3AdvancedAnnual report
「These expenses relate to the reorganization of plants and offices, including the relocation of fixed assets in Japan and Central and South America, carried out to improve the earnings structure under the medium-term management plan.」
To improve the earnings structure under the medium-term management plan, the Company relocated fixed assets in Japan and Central and South America and reorganized plants and offices, recognizing ¥98 million in business structure improvement expenses. It also recognized a ¥5,355 million gain on sale of fixed assets. - FY2023-Q2AdvancedAnnual report
「Based on the medium-term management plan formulated in May 2021, we are working to improve the earnings structure, including through the reorganization of plants and offices and greater logistics efficiency. As part of these efforts, we transferred the following assets.」
As part of efforts to improve the earnings structure, the Company resolved to transfer rental real estate and signed the agreement on 28 July 2022, with delivery taking place on 31 August. A ¥5,343 million gain on sale of fixed assets was recognized, marking further progress in the reorganization of plants and offices and related initiatives. - FY2023-Q1RestatedAnnual report
「At the same time, we are steadily advancing the initiatives under the medium-term management plan, which aims to strengthen earnings power and competitiveness over the medium term.」
The Group reaffirms that it is steadily advancing initiatives to strengthen earnings power and competitiveness under the medium-term management plan, but provides no specific new milestones or figures. - FY2022AdvancedAnnual report
「The Group's main activities during the consolidated fiscal year included improving the earnings structure, primarily in Japan, Central and South America, and North America, including structural reforms, and reducing costs by strengthening manufacturing competitiveness. We are pursuing business streamlining and greater efficiency and thorough cost reductions globally to improve profitability.」
Structural reforms, business streamlining and greater efficiency, and global cost reductions were implemented, resulting in global profitability and an operating margin of 4% in the fourth quarter. - FY2022-Q3AdvancedAnnual report
「The ¥2,985 million gain on the sale of land recognized during the nine-month period of the current consolidated fiscal year relates to the sale of the Hiratsuka Plant site on 13 December 2021 as part of efforts to improve the earnings structure, including the reorganization of plants and offices and greater logistics efficiency, under the medium-term management plan. …The Company plans to continue using the site until September 2023, when production at the Hiratsuka Plant will end and the land will be vacated.」
As part of the reorganization of plants and offices and efforts to improve the earnings structure, the Hiratsuka Plant site was sold on 13 December 2021, resulting in the recognition of a ¥2,985 million gain on sale. Production is scheduled to continue through September 2023. - FY2022-Q2AdvancedAnnual report
「Based on the medium-term management plan formulated in May this year, we are working to improve our earnings structure, including through the reorganization of plants and offices and greater logistics efficiency. As part of these efforts, we are transferring the following assets. The assets below will be leased back after the transfer through September 2023, allowing production to continue.」
Specific measures to improve the earnings structure have been presented, including the reorganization of plants and offices, greater logistics efficiency, the transfer of fixed assets and a leaseback through September 2023, compared with the previous policy of streamlining and cost reduction. - FY2021ReframedAnnual report
「In the existing seat business, we will improve profitability through thorough streamlining and actively invest the resulting management resources in new business areas.」
The policy has been made more specific, moving from general capability strengthening and cost reduction to thoroughly streamlining the existing seat business and investing the resources generated in new areas. - FY2020-Q1RestatedAnnual report
「We are working to strengthen our capabilities to achieve competitive costs,」
The policy of strengthening capabilities to achieve competitive costs is reiterated. No specific numerical targets or new measures are presented. - FY2019-Q3RestatedAnnual report
「We are working to strengthen our capabilities to achieve competitive costs,」
The policy of strengthening capabilities to achieve competitive costs is reiterated. No specific numerical targets or deadlines have been added. - FY2019-Q2RestatedAnnual report
「We are working to strengthen our capabilities to achieve competitive costs,」
The policy of strengthening capabilities to achieve competitive costs is reiterated. - FY2019-Q1RestatedAnnual report
「We are working to strengthen our capabilities to achieve competitive costs,」
The policy of strengthening capabilities to achieve competitive costs is reiterated. - FY2018RestatedAnnual report
「while also pursuing thorough cost-reduction initiatives,」
The policy of continuing thorough cost reductions alongside new technology development and the strengthening of the global business is reiterated. - FY2018-Q3RestatedAnnual report
「We are working to strengthen our capabilities to achieve competitive costs,」
The policy of strengthening capabilities to achieve competitive costs is reiterated. - FY2018-Q2RestatedAnnual report
「We are working to strengthen our capabilities to achieve competitive costs,」
The policy of strengthening capabilities to achieve competitive costs is reiterated. - FY2018-Q1RestatedAnnual report
「We are working to strengthen our capabilities to achieve competitive costs,」
The policy of strengthening capabilities to achieve competitive costs is reiterated. - FY2017RestatedAnnual report
「Specifically, we are working to secure business growth through the development and wider commercialization of new technologies and the strengthening of our global business, while also pursuing thorough cost-reduction initiatives,」
The policy of continuing thorough cost-reduction initiatives is stated, but no numerical targets or evidence of completion are provided. - FY2017-Q3RestatedAnnual report
「We are working to strengthen our capabilities to achieve competitive costs,」
The policy of strengthening capabilities to achieve competitive costs is reiterated. - FY2017-Q2RestatedAnnual report
「We are working to strengthen our capabilities to achieve competitive costs,」
The policy of strengthening capabilities to achieve competitive costs is reiterated, but no additional specific measures or numerical targets are provided. - FY2017-Q1First statedAnnual report
「We are working to strengthen our capabilities to achieve competitive costs,」
This is stated as an initiative aimed at achieving cost competitiveness, but no specific measures or numerical targets are provided.