Focusing the Business and Allocating Management Resources to Cost-Competitive Products
First written in FY2018. 1 of 3 entries say "Restated". Latest entry: FY2022.
74 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「In Japan, where an impairment loss was recognized during the period, we will proceed with reallocating the workforce to an optimal staffing structure and reviewing the cost structure from the perspective of business selection and concentration.」
As specific measures under business selection and concentration, a policy was presented to reallocate the workforce in Japan and review the cost structure. - FY2019RestatedAnnual report
「Business selection and concentration (Strengthening the earnings base across the business as a whole through the appropriate allocation of resources)」
The policy of appropriately allocating management resources and strengthening the earnings base across the business as a whole was reaffirmed as a priority initiative under Phase 3. - FY2018First statedAnnual report
「As a new management target under Phase 3 of the Dream2020 medium-term management plan, which began this fiscal year, our group has set an operating margin target of 6% for fiscal 2020. To achieve this target, we will continue to pursue the priority initiatives of technological innovation, restructuring of the domestic business, optimization of global sites and human resources development, while adding business selection and concentration as one of our priority initiatives. Viewing changes in the business environment as new business opportunities, we will concentrate management resources on developing cost-competitive products among the businesses held by our group, thereby expanding sales and strengthening our earnings base.」
Phase 3 of Dream2020 newly identified business selection and concentration as a priority initiative, explicitly setting out measures to concentrate management resources on developing cost-competitive products.