Restructuring the core business and making unprofitable products profitable
First written in FY2019. 2 of 6 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2026.
59 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「We are working to optimize the production structure centered on the casting business. To respond to changes in market conditions and demand trends, we are reviewing the division of roles among domestic and overseas sites and production capacity, and are advancing the development of an efficient global production structure.」
The core business reforms have been made concrete through the division of roles among domestic and overseas sites, a review of production capacity, and optimization of the casting business's global production structure. - FY2025ReframedAnnual report
「We strengthened the Castings Division to respond rapidly to changes in the supply-demand balance between the market and production capacity. We will optimize the entire casting business so that it can operate the most efficient production structure while adapting to changes.」
The previous core business reforms and cost reductions have been reconfigured around strengthening the Castings Division, optimizing the production structure across the casting business, and responding to supply and demand. - FY2024-Q2AdvancedAnnual report
「By merging Tokyo Seiko Co., Ltd. and TBR Co., Ltd., we will eliminate duplicated costs, consolidate management resources, reduce costs, and strengthen profitability. We will also deploy human resources and other resources to overseas sites, which are sources of future growth.」
The restructuring of the core business was made concrete through the absorption-type merger of 2 subsidiaries, eliminating duplicated costs, consolidating management resources, reducing costs, and deploying human resources to overseas sites. - FY2022WorsenedAnnual report
「However, the Company was unable to achieve its numerical targets due to external factors, including further market price increases resulting from the prolonged spread of COVID-19 and the escalating situation in Ukraine, as well as internal factors, including delays in making the North American business profitable and in carrying out fundamental reforms to the domestic business.」
Regarding the review of the core businesses and reform of the domestic business, it was explicitly stated that fundamental reform of the domestic business was behind schedule. - FY2021RestatedAnnual report
「We will also restructure operations from product planning through after-sales service and review our core businesses by reducing manufacturing and procurement costs, tightening profitability management and making loss-making products profitable, and identifying customer needs through the establishment of a marketing function.」
The Group continues to restructure core business operations, reduce costs, manage profitability, make unprofitable products profitable, and strengthen its marketing function. - FY2019First statedAnnual report
「We will also restructure operations from product planning through after-sales service and review our core businesses by reducing manufacturing and procurement costs, tightening profitability management and making loss-making products profitable, and identifying customer needs through the establishment of a marketing function.」
The Group set out the restructuring of operations from product planning through after-sales service, cost reduction, making unprofitable products profitable, and establishing a marketing function as specific measures.