Fundamental business structure reform and workforce optimization through a special early retirement program
First written in FY2021-Q2. 14 of 17 entries say "Advanced", first in FY2021-Q3. Latest entry: 2026-09-28.
31 other companies' latest entry also says "Advanced".
- 2026-09-28AdvancedShare Issuance and Disposal
「Subsequently, as a result of giving concrete form to structural-reform measures aimed at further improving profitability and competitiveness, we decided to optimize the production structure in North America and rebuild the preparation structure for global new-vehicle production in Japan.」
The use of funds for structural reforms was made more concrete, changing from consideration of fundamental measures to optimizing the North American production structure and rebuilding the preparation structure for global new-vehicle production in Japan. - FY2026AdvancedAnnual report
「We achieved operating profitability in the current consolidated fiscal year, thereby resolving the breaches of the affirmative covenants and financial covenants in the agreement among creditors.」
Through initiatives including structural reform, price adjustments, fixed-cost reductions and improvements in North America, the company returned operating profit to the black and resolved the breaches of affirmative and financial covenants under its agreements with financial institutions. - FY2026-H1AdvancedAnnual report
「Negotiations with customer OEMs to revise sales prices and other terms are steadily moving toward agreement, and the certainty of improved group profitability has been increasing.」
The company states that negotiations with OEMs to revise sales prices and other terms, as part of business-structure reform, are progressing toward agreement. - FY2025-H1AdvancedAnnual report
「The Group implemented decisive management reforms, including negotiations with customers to revise selling prices and volumes, passing higher material costs resulting from market fluctuations and higher labor costs through to selling prices, reducing production losses at manufacturing sites, and continuing to control personnel costs by optimizing staffing levels, with the aim of improving the Group’s earnings power.」
In addition to the existing business-structure reforms, the company states that it has decisively implemented specific measures to improve group profitability, including passing through higher costs in sales prices, reducing production losses and optimizing its workforce. - FY2024-Q3AdvancedAnnual report
「In addition to continuing to advance the measures described above, we are actively implementing additional measures considered effective, and the various measures are beginning to produce results.」
The company states that, regarding management reforms including a new management structure, a review of the production structure, site reorganization, workforce optimization and cash-management improvement, it has implemented additional measures and these are beginning to produce results. - FY2024-Q2AdvancedAnnual report
「The measures described above are beginning to produce results, and we will continue to actively implement measures that are considered effective going forward.」
The company states that management reforms, including a new management structure, a review of the production structure, site reorganization, workforce optimization and consideration of capital policy, are beginning to produce results and continued to be implemented during the fiscal year. - FY2024-Q1RestatedAnnual report
「Although our group had implemented measures including a new management structure and a review of the production structure by the end of the previous consolidated fiscal year to improve or resolve these events or circumstances, we are continuing to implement the measures below in the current consolidated fiscal year to improve and strengthen the group's profitability and financial position and build a stable management foundation.」
After implementing a new management structure and reviewing the production structure, the company continues measures in FY2024 to improve profitability, strengthen its financial position and build a stable management foundation. - FY2023ReframedAnnual report
「Although our group has implemented measures including a new management structure and a review of the production structure to improve or resolve these events or circumstances, from the following fiscal year onward we will continue to work on the measures below to improve and strengthen the group's profitability and financial position and build a stable management foundation.」
The previous fundamental business-structure reform has been reorganized as a response to going-concern issues, including decisive management-restructuring measures, cash-management improvement, asset sales and investment restraint, and consideration of capital policy. - FY2023-Q2AdvancedAnnual report
「In response to these circumstances, we have already reduced fixed costs through measures including the consolidation and closure of sites and workforce reductions. We are also working to improve profitability by advancing the optimization of the production structure across the group. In addition to these measures, as a backup plan to improve cash management, we sold the land on which the Ayase Plant of Kasai Support Service Co., Ltd., a group company, is located in August 2022, and in September 2022 entered into a new ¥4.5 billion commitment-line agreement secured by our Samukawa Plant.」
The company states that, in addition to site consolidation and closure, workforce reductions and production-structure optimization, it implemented cash-management improvement measures consisting of the sale of the Ayase Plant land and execution of a ¥4.5 billion commitment-line agreement. - FY2022AdvancedAnnual report
「In addition to having already reduced fixed costs through site consolidation and closure and workforce reductions, the company is advancing the optimization of the production structure across the group and working to improve profitability」
Regarding business-structure reform, the company states that it has completed site consolidation and closure and fixed-cost reductions through workforce reductions, and is advancing optimization of the production structure across the group. - FY2022-Q3AdvancedAnnual report
「In response to these circumstances, we have already reduced fixed costs through measures including the consolidation and closure of sites and workforce reductions. We are also working to improve profitability by advancing the optimization of the production structure across the group, and expect to record operating profit in the next fiscal year. We are also implementing measures to improve cash flow and have secured the funds necessary for our business operations.」
Regarding business-structure reform, the company states that it has already reduced fixed costs through site consolidation and closure and workforce reductions, and is advancing production-structure optimization and cash-flow improvement. - FY2021AdvancedAnnual report
「As a result of recording business-structure improvement costs related to early retirement and transfers at the company and certain overseas consolidated subsidiaries, net loss attributable to owners of the parent amounted to ¥1,708.2 million.」
Costs related to early retirement and transfers associated with fundamental business-structure reform were recorded as business-structure improvement costs of ¥1,756 million for the full year, while the number of employees decreased by 407 from the end of the previous consolidated fiscal year. - FY2021-Q3AdvancedAnnual report
「Early-retirement enhancement payments – 1,215」
In connection with the special early-retirement program implemented as part of fundamental business-structure reform, ¥1,215 million in early-retirement enhancement payments was recorded as an extraordinary loss during the nine-month period of the current consolidated fiscal year. The disclosure describes the accounting progress accompanying implementation of the recruitment plan, but does not state the actual number of retirees or that the reform has been completed. - FY2021-Q2First statedAnnual report
「The outlook for our business performance has become extremely challenging, partly due to the spread of COVID-19. In these circumstances, we have decided to undertake fundamental business-structure reform, not only to restore business performance but also to respond to changes in the market environment. As part of this initiative, we will invite applications for retirement under a special early-retirement incentive program to optimize our workforce. ① Number of positions: approximately 300 ③ Application period: 16 November 2020–27 November 2020 ④ Retirement date: 31 December 2020」
In response to the severe business outlook caused by COVID-19 and changes in the market environment, the company has stated plans to undertake fundamental business-structure reform and, as part of this, conduct an additional recruitment drive for special early retirement covering approximately 300 employees. A ¥290 million extraordinary loss was recorded for the applications accepted in September 2020.