Initiatives to “Build a Strong Business Structure”
First written in FY2016. 19 of 34 entries say "Advanced", first in FY2020-Q1. Latest entry: 2026-08-05.
The whole theme swung hardest in 2025: 8 of 48 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- 2026-08-05RestatedFinancial results presentation
「We will steadily advance initiatives to strengthen vehicle sales profitability, reform costs, and expand value-chain profitability, thereby generating profits.」
Cost reform continues to be presented as a future initiative, but there is no update to the ¥200 billion-scale target or to results achieved. - FY2026RaisedAnnual report
「First, to counter the impact of U.S. tariff measures, we launched the “Genka Ishin 20-30” project aimed at cost reductions on the order of ¥200 billion.」
Reforms to the strong business and earnings structures have been given concrete form through cost reductions of approximately ¥200.0 billion, including measures to address U.S. tariffs, ultra-efficient production, an expanded product lineup, and global sales of approximately 1.2 million units in the first half of the 2030s. - FY2026-H1Operating profit declines sharply despite revenue growthAnnual report
「Operating profit was ¥102.7 billion, down ¥119.3 billion, or 53.8%, year on year, due to the impact of additional U.S. tariffs, higher research and development expenses, higher raw-material prices and other factors.」
Although revenue increased 5.3% year on year, operating profit declined 53.8% due to additional U.S. tariffs and higher research and development expenses and raw-material prices, creating downward pressure on the earnings structure. - FY2025AdvancedAnnual report
「In Japan, production of transaxles, a core unit of the strong hybrid system, began at the Kitamoto Plant in autumn 2024 as originally scheduled.」
The renewal of the business structure and production system produced concrete progress with the start of production of next-generation e-BOXER core units at the Kitamoto Plant. - FY2025-H1AdvancedAnnual report
「Revenue for the interim consolidated accounting period was ¥2,266.2 billion, an increase of ¥52.7 billion, or 2.4%, year on year, despite higher sales incentives and lower vehicle sales volumes, due to the positive revenue impact of foreign-exchange movements, price revisions and other factors. For the same reasons, operating profit was ¥222.0 billion, an increase of ¥36.2 billion, or 19.5%, year on year.」
Although sales incentives increased and vehicle sales volumes declined, the positive revenue impact of foreign-exchange movements and price revisions resulted in first-half revenue growth of 2.4% and operating profit growth of 19.5%. This demonstrates improvements in earnings independent of volume growth. - FY2024AdvancedAnnual report
「We will complete this challenge by 2028.」
The themes of a strong business structure and structural reform have been given concrete form in a 2028 plan that links the reorganization of domestic and overseas plants, the renewal of development processes and product planning, and the concentration of resources on BEVs, with the aim of halving development lead times, the number of parts and production processes. - FY2024-Q3AdvancedAnnual report
「As a result of continued initiatives in production, procurement and other areas, domestic production during the cumulative third quarter ended was 491,000 units, up 33,000 units, or 7.3%, year on year, while overseas production was 266,000 units, up 52,000 units, or 24.3%. As a result, total domestic and overseas production was 757,000 units, up 85,000 units, or 12.7%, year on year.」
Continued initiatives in production and procurement resulted in cumulative domestic and overseas production of 757,000 units, up 12.7% year on year. - FY2024-Q2ReframedAnnual report
「The new management team is committed to completing this challenge over the next 5 years through 2028.」
The previous themes of a strong business structure and structural reform have been reorganized under the new management structure as “manufacturing innovation,” with a plan to implement them over the 5 years through 2028. Targets have also been set to halve development lead times, the number of parts and production processes. - FY2024-Q1AdvancedAnnual report
「Revenue for the cumulative first quarter ended was ¥1,082.1 billion, an increase of ¥248.0 billion, or 29.7%, year on year, due to higher vehicle sales volumes, the positive revenue impact of foreign-exchange movements and other factors. In terms of profit, despite higher raw-material prices and increased expenses and other costs, the positive impact of foreign-exchange movements and higher vehicle sales volumes resulted in operating profit of ¥84.5 billion, up ¥47.5 billion, or 128.4%, year on year.」
Higher vehicle sales volumes and the impact of foreign-exchange movements drove first-quarter revenue growth of 29.7% and operating profit growth of 128.4%, providing quantitative evidence of improvements to the earnings structure. - FY2023AdvancedAnnual report
「Higher vehicle sales volumes, improved pricing policies and sales mix, and the positive revenue impact of foreign-exchange movements resulted in revenue of ¥3,774.5 billion, an increase of ¥1,029.9 billion, or 37.5%, from the previous consolidated fiscal year. Operating profit was ¥267.5 billion, an increase of ¥177.0 billion, or 195.7%, from the previous consolidated fiscal year.」
Pricing policies, an improved sales mix and higher vehicle sales volumes resulted in substantial full-year revenue and profit growth, providing concrete evidence of improvements to the earnings structure. - FY2023-Q3AdvancedAnnual report
「Although risks from production constraints due to semiconductor supply shortages and other factors remain, we worked to minimize their impact by flexibly adjusting production plans and other measures. As a result, production during the cumulative third quarter ended increased by 122,000 units, or 22.2%, year on year.」
Despite continuing supply constraints, flexible adjustments to production plans resulted in a 22.2% year-on-year increase in vehicle production. Operating profit also increased 176.9% year on year, providing quantitative evidence of improvements to the business foundation and earnings structure. - FY2023-Q2AdvancedAnnual report
「Revenue for the cumulative second quarter ended was ¥1,750.9 billion, an increase of ¥409.2 billion, or 30.5%, year on year, due to the positive revenue impact of foreign-exchange movements, higher vehicle sales volumes, improved pricing policies and sales mix, lower sales incentives and other factors. In terms of profit, despite higher raw-material prices and increased expenses and other costs, including the impact of foreign-exchange movements, the increase in revenue resulted in operating profit of ¥110.4 billion, up ¥56.0 billion, or 102.8%, year on year, and profit before tax of ¥120.4 billion, up ¥59.2 billion, or 96.8%, year on year.」
Against a backdrop of pricing policies, an improved sales mix and lower sales incentives, first-half revenue increased 30.5% and operating profit increased 102.8%, providing further quantitative evidence of improvements to the earnings structure. - FY2023-Q1AdvancedAnnual report
「Revenue for the cumulative first quarter ended was ¥834.1 billion, an increase of ¥198.9 billion, or 31.3%, year on year, due to higher vehicle sales volumes, the positive revenue impact of foreign-exchange movements and other factors. In terms of profit, despite higher raw-material prices and increased expenses and other costs, the positive impact of foreign-exchange movements and higher vehicle sales volumes resulted in operating profit of ¥37.0 billion, up ¥7.4 billion, or 25.2%, year on year.」
Despite higher raw-material prices and increased expenses and other costs, higher vehicle sales volumes and the impact of foreign-exchange movements drove revenue growth of 31.3% and operating profit growth of 25.2%. - FY2022AdvancedAnnual report
「In addition, we introduced a “new personnel system” and an “open-application job rotation program,” establishing a framework that enables employees to take on challenges to realize their own career visions.」
Organizational culture reform was given concrete form not only through policies on individual growth and engagement, but also through the introduction of a new personnel system and an open-application job rotation program. - FY2022-Q2AdvancedAnnual report
「Revenue for the cumulative second quarter ended was ¥1,341.7 billion, an increase of ¥123.3 billion, or 10.1%, year on year, mainly because vehicle sales volumes increased from the previous year, which was significantly affected by the COVID-19 pandemic. In terms of profit, operating profit increased ¥23.8 billion, or 77.9%, year on year to ¥54.5 billion, mainly due to higher vehicle sales volumes and lower sales incentives.」
Higher vehicle sales volumes and lower sales incentives resulted in first-half revenue growth of 10.1% and operating profit growth of 77.9%, providing quantitative evidence of improvements to the earnings structure. Meanwhile, production adjustments due to semiconductor and component supply constraints continued. - FY2022-Q1AdvancedAnnual report
「Revenue for the cumulative first quarter ended was ¥635.2 billion, an increase of ¥178.2 billion, or 39.0%, year on year, mainly due to higher vehicle sales volumes and other factors. In terms of profit, operating profit was ¥29.5 billion, an increase of ¥45.2 billion year on year, also mainly due to higher vehicle sales volumes and other factors.」
Against a backdrop of higher vehicle sales volumes and other factors, revenue increased 39.0% year on year and operating profit increased ¥45.2 billion, recovering from an operating loss in the first quarter of the previous fiscal year to operating profitability. - FY2021AdvancedAnnual report
「Going forward, we will enter a phase of increasing employee engagement by encouraging each employee to experience personal growth and a sense of purpose at work through initiatives that promote individual growth and improve work output. While responding flexibly to new ways of working in the post-COVID era, we will also actively invest in human resources through digital technologies and skills development. We introduced a new personnel system in fiscal 2021 to transform our organizational culture from one that is merely “open and accessible” into one that encourages employees to take on challenges.」
The theme previously expressed as “creating a strong business structure” has been reorganized around organizational culture reform under STEP, moving into a phase that emphasizes individual growth, engagement and investment in human resources, with a new personnel system introduced from fiscal 2021. - FY2021-Q3Cumulative profit declines despite continued cost reductionsAnnual report
「In terms of profit, although SG&A expenses and other costs decreased due to lower selling, general and administrative expenses and warranty repair costs, the decline in vehicle sales volumes resulted in operating profit of ¥98.3 billion, down ¥54.4 billion, or 35.6%, year on year. Profit before tax was ¥105.7 billion, down ¥47.5 billion, or 31.0%, year on year.」
Although lower selling, general and administrative expenses and warranty repair costs continued, they were insufficient to offset the decline in vehicle sales volumes, and operating profit fell 35.6% year on year. - FY2021-Q2AdvancedAnnual report
「In terms of profit, although SG&A expenses and other costs decreased due to lower selling, general and administrative expenses and warranty repair costs, the decline in vehicle sales volumes resulted in operating profit of ¥30.6 billion, down ¥64.2 billion, or 67.7%, year on year. Profit before tax was ¥36.1 billion, down ¥57.0 billion, or 61.2%, year on year.」
In relation to structural reforms and improvements to the earnings structure, SG&A expenses and other costs decreased due to lower selling, general and administrative expenses and warranty repair costs. However, operating profit declined 67.7% year on year due to lower vehicle sales volumes. - FY2020Structural reforms given concrete form in response to the pandemicAnnual report
「Although the outlook remains uncertain, we view this as an opportunity to implement structural reforms across a range of areas. Specifically, we will improve operating efficiency by implementing work-style reforms, while decisively pursuing measures that enhance employees’ motivation and capabilities, drawing on the knowledge gained from our previous initiatives. We will also work to reform our fixed-cost structure, further promote the selection and concentration of investments, and build a stronger business foundation and earnings structure.」
The previous direction of “creating a strong business structure” is being given concrete form through reforms to work styles, fixed costs, investment allocation and the earnings structure prompted by the COVID-19 pandemic. - FY2020-Q3Operating profit turned to a decline.Annual report
「In terms of profit, although higher vehicle sales volumes and lower sales incentives had a positive impact, foreign-exchange movements and other factors resulted in operating profit of ¥152.7 billion, down ¥3.0 billion, or 1.9%, year on year. Profit before tax was ¥153.2 billion, down ¥4.5 billion, or 2.9%, year on year.」
Although higher vehicle sales volumes and lower sales incentives had a positive impact, operating profit declined 1.9% year on year due to foreign-exchange movements and other factors, turning from the uptrend through the previous quarter to a decline. - FY2020-Q2AdvancedAnnual report
「In terms of profit, increases in vehicle unit sales, restraint of sales incentives, and decreases in miscellaneous expenses and research and development expenses contributed to operating profit rising by ¥38.4 billion, or 68.1%, year on year, to ¥94.8 billion.」
Operating profit increased 68.1% year on year, driven by higher vehicle unit sales, restraint of sales incentives, and decreases in miscellaneous expenses and research and development expenses. Following the previous quarter, the figures demonstrate results from expense control and improved profitability. - FY2020-Q1AdvancedAnnual report
「In terms of profit, increases in vehicle unit sales, restraint of sales incentives, and decreases in miscellaneous expenses and research and development expenses contributed to operating profit rising by ¥30.1 billion, or 48.4%, year on year, to ¥92.2 billion.」
Operating profit increased 48.4% year on year, driven by higher vehicle unit sales, restraint of sales incentives, and decreases in miscellaneous expenses and research and development expenses. The figures demonstrate improvements in costs and expenses. - FY2019ReframedAnnual report
「Under “STEP,” we have prioritized “organizational and cultural reform” and are advancing initiatives to improve the quality of the company, including quality reform; to build a strong brand through initiatives for peace of mind and safety, with a commitment to “protecting human life” and a goal of zero fatal traffic accidents by 2030; and to achieve sustainable growth centered on a focused strategy.」
Under “STEP,” the previous activity axis of “creating a strong business structure” was reorganized around organizational and cultural reform, quality reform, a strong brand, and sustainable growth centered on a focused strategy. - FY2018RestatedAnnual report
「In addition, through the 8 initiatives to “create a strong business structure,” including product strategy, alliance-based product development, cost reductions, human resources development, and organizational and cultural reform, we are working to strengthen the foundation of our development capabilities.」
The company continues initiatives to create a strong business structure through product strategy, partnerships, cost reductions, and human resources and organizational reform. - FY2017RestatedAnnual report
「In addition, through the 8 initiatives to “create a strong business structure,” including alliance-based product development, cost reductions, human resources development, and organizational and cultural reform, we are working to strengthen the foundation of our development capabilities.」
The company continues to strengthen its business structure through alliance-based product development, cost reductions, human resources development, and organizational and cultural reform. - FY2017-Q2RestatedAnnual report
「In terms of profit, increases in vehicle unit sales and progress in cost reductions absorbed higher miscellaneous expenses, including quality-related costs primarily related to airbag inflators, and higher research and development expenses. However, currency movements had an impact, and operating profit declined by ¥76.6 billion, or 26.9%, year on year, to ¥208.5 billion,」
The company continued to explain that progress in cost reductions absorbed increases in quality-related costs and research and development expenses, but did not present any new specific milestones. - FY2017-Q1RestatedAnnual report
「Despite increases in vehicle unit sales and progress in cost reductions」
The company cited progress in cost reductions as a factor affecting performance for the quarter, indicating that initiatives to strengthen the business structure were continuing. - FY2016First statedAnnual report
「“Creating a strong business structure” is intended to increase resilience to changes in the management environment and ensure sustainable growth.」
This is positioned as a key activity under the vision, aimed at building resilience to environmental changes and achieving sustainable growth.