Comprehensive Cost Improvements and Fundamental Structural Reform
First written in FY2016. 15 of 30 entries say "Advanced", first in FY2021. Latest entry: 2026-10-27.
- FY2026RestatedAnnual report
「We will also continue cost improvement activities centered on thorough fixed-cost reductions so that we can generate sufficient operating cash flow.」
The Company continued cost improvement activities centered on fixed-cost reductions. Operating profit declined from the previous fiscal year due to costs associated with responding to increased production, tariffs, labor costs and higher prices for various materials. - FY2026-H1AdvancedAnnual report
「In addition to higher sales as described above, operating profit and ordinary profit increased year on year as a result of continued negotiations to pass through higher labor costs resulting from wage increases to selling prices, along with ongoing cost-reduction activities.」
The Company advanced ongoing cost-reduction activities and negotiations to pass through higher labor costs resulting from wage increases to selling prices, resulting in higher operating profit and ordinary profit year on year. - FY2025AdvancedAnnual report
「In addition to higher sales as described above, progress was made in cost improvement activities through continued thorough fixed-cost reductions and in passing higher labor costs resulting from wage increases through to selling prices. Operating profit and ordinary profit increased year on year.」
Cost improvement through fixed-cost reductions and the pass-through to selling prices of higher labor costs progressed, resulting in operating profit of ¥2,616 million and ordinary profit of ¥2,340 million. - FY2025-H1AdvancedAnnual report
「Progress was made in cost improvement activities through continued thorough fixed-cost reductions and in passing higher labor costs resulting from wage increases through to selling prices. Operating profit increased year on year.」
Cost improvement through fixed-cost reductions and the pass-through to selling prices of higher labor costs progressed, resulting in operating profit of ¥792 million, up ¥157 million year on year. - FY2024AdvancedAnnual report
「Although wage increases led to higher labor costs, continued cost improvement activities through thorough fixed-cost reductions, together with the effects of measures to improve earnings and higher sales, resulted in higher profit than in the previous fiscal year. As a result, net sales were ¥23,382 million, up ¥1,775 million from the previous fiscal year; operating profit was ¥1,627 million, up ¥757 million; and ordinary profit was ¥1,928 million, up ¥877 million.」
The Company continued cost improvement activities through thorough fixed-cost reductions, and higher sales also contributed, resulting in operating profit of ¥1,627 million and ordinary profit of ¥1,928 million, both higher than in the previous fiscal year. - FY2024-Q3AdvancedAnnual report
「In addition to the effects of measures to improve earnings, including continued fixed-cost reductions and cost improvement activities, higher sales resulted in higher profit year on year. As a result, net sales were ¥17,428 million, up ¥1,253 million year on year; operating profit was ¥1,311 million, up ¥518 million; and ordinary profit was ¥1,466 million, up ¥544 million.」
The Company continued cost improvement activities through thorough fixed-cost reductions, and higher sales also contributed, resulting in operating profit increasing ¥518 million year on year and ordinary profit increasing ¥544 million. - FY2024-Q2AdvancedAnnual report
「In addition to the effects of measures to improve earnings, including continued fixed-cost reductions and cost improvement activities, higher sales resulted in higher profit year on year. As a result, net sales were ¥11,566 million, up ¥413 million year on year; operating profit was ¥635 million, up ¥25 million; ordinary profit was ¥861 million, up ¥35 million; and quarterly profit attributable to owners of the parent was ¥774 million, up ¥192 million.」
The Company continued cost improvement activities through thorough fixed-cost reductions, and the effect of higher sales also contributed, resulting in operating profit, ordinary profit and quarterly profit attributable to owners of the parent exceeding the previous corresponding period. - FY2024-Q1AdvancedAnnual report
「In addition to the effects of measures to improve earnings, including continued fixed-cost reductions and cost improvement activities, higher sales and the impact of improved selling prices resulted in higher profit year on year. As a result, net sales were ¥5,544 million, up ¥296 million year on year; operating profit was ¥302 million, up ¥50 million; ordinary profit was ¥457 million, up ¥59 million; and profit attributable to owners of the parent for the quarter was ¥392 million, up ¥100 million.」
Continued fixed-cost reductions and cost improvement activities, together with higher sales and improved selling prices, resulted in operating profit, ordinary profit and quarterly profit attributable to owners of the parent exceeding the previous corresponding period. - FY2023Full-year profit declined due to higher external costs and lower overseas salesAnnual report
「We continued to implement measures to improve earnings, including cost improvement through continued thorough reductions in fixed costs, but profit declined from the previous fiscal year due to lower overseas sales and increases in raw material and energy costs.」
Despite continued fixed-cost reductions and cost improvement activities, lower overseas sales and higher raw material and energy costs resulted in operating profit of ¥869 million and ordinary profit of ¥1,052 million, both below the previous fiscal year. - FY2023-Q3Profit decline continued due to higher external costsAnnual report
「We continued to implement measures to improve earnings, including cost improvement through continued thorough reductions in fixed costs, but profit declined year on year due to lower overseas sales and increases in raw material and energy costs. As a result, net sales were ¥16,176 million, down ¥738 million year on year, and operating profit was ¥794 million, down ¥536 million year on year.」
Despite continued fixed-cost reductions and cost improvement activities, profit fell below the previous corresponding period due to lower overseas sales and higher raw material and energy costs. Operating profit was ¥794 million, down ¥536 million year on year. - FY2023-Q2RestatedAnnual report
「We continued to implement measures to improve earnings, including cost improvement through continued thorough reductions in fixed costs, but profit declined year on year due to lower sales and increases in raw material and energy costs.」
The Company continued thorough fixed-cost reductions and cost improvement activities, but lower sales and higher raw material and energy costs resulted in operating profit of ¥610 million and ordinary profit of ¥825 million, both below the previous corresponding period. - FY2023-Q1Profit declined despite continued cost improvement due to higher external costsAnnual report
「We continued to implement measures to improve earnings, including cost improvement through continued thorough reductions in fixed costs, but profit declined year on year due to lower sales and increases in raw material, energy and transportation costs.」
Despite continued thorough fixed-cost reductions and cost improvement activities, operating profit, ordinary profit and other profit measures fell below the previous corresponding period due to lower sales and increases in raw material, energy and transportation costs. - FY2022AdvancedAnnual report
「In addition to the recovery in sales, we continued to implement measures to improve earnings, including cost improvement through continued thorough reductions in fixed costs. The impact of foreign-exchange movements due to the weaker yen also contributed, resulting in a substantial improvement in profit compared with the previous fiscal year.」
The Company continued thorough fixed-cost reductions and cost improvement activities. Operating profit was ¥1,571 million, up ¥857 million from the previous fiscal year, and ordinary profit was ¥1,784 million, up ¥957 million. - FY2022-Q3AdvancedAnnual report
「In addition to the recovery in sales, we continued to implement measures to improve earnings, including cost improvement through continued thorough reductions in fixed costs, resulting in a substantial improvement in profit compared with the previous corresponding period.」
The Company continued cost improvement activities through fixed-cost reductions, improving operating profit from a ¥287 million loss in the previous corresponding period to a ¥1,330 million profit and ordinary profit from a ¥376 million loss to a ¥1,420 million profit. - FY2022-Q2AdvancedAnnual report
「In addition to the recovery in sales, we continued to implement measures to improve earnings, including cost improvement through continued thorough reductions in fixed costs, resulting in a substantial improvement in profit compared with the previous corresponding period. As a result, net sales were ¥11,594 million, up ¥3,768 million year on year; operating profit was ¥1,118 million, compared with an operating loss of ¥928 million in the previous corresponding period; and ordinary profit was ¥1,213 million, compared with an ordinary loss of ¥923 million in the previous corresponding period.」
The Company continued to reduce fixed costs and pursue cost improvement activities, improving operating profit from a ¥928 million loss in the previous corresponding period to a ¥1,118 million profit and ordinary profit from a ¥923 million loss to a ¥1,213 million profit. - FY2022-Q1AdvancedAnnual report
「In addition to the recovery in sales, we continued to implement measures to improve earnings, including cost improvement through continued thorough reductions in fixed costs, resulting in a substantial improvement in profit.」
Combined with the recovery in sales, fixed-cost reductions and cost improvement activities improved operating profit from a ¥588 million loss in the previous corresponding period to a ¥920 million profit, and ordinary profit from a ¥515 million loss to a ¥965 million profit. - FY2021AdvancedAnnual report
「Although sales declined substantially as described above, continued measures aimed at securing profits, including cost improvement through thorough cuts in fixed costs and a review of the production structure to eliminate waste, enabled ordinary profit to increase from the previous fiscal year.」
Despite a substantial decline in sales, the Company continued to reduce fixed costs and review its production structure, and ordinary profit increased ¥158 million year on year. - FY2021-Q3RestatedAnnual report
「Despite a substantial decline in sales, we continued measures aimed at securing profits, including cost improvement through thorough cuts in fixed costs and a review of the production structure to eliminate waste. However, the impact of lower sales was substantial, resulting in a loss.」
The Company continued cost improvement through fixed-cost reductions and a review of the production structure to eliminate waste, but the substantial impact of lower sales resulted in a loss. - FY2021-Q2RestatedAnnual report
「Despite a substantial decline in sales, we continued measures aimed at securing profits, including cost reductions through thorough cuts in fixed costs, a review of the production structure to eliminate waste and the use of employment adjustment subsidies to maintain employment. However, the impact of lower sales was substantial, resulting in a loss.」
The Company continued to reduce fixed costs, lower costs and review its production structure, and used employment adjustment subsidies, but was unable to fully offset the decline in sales and therefore posted a loss. - FY2021-Q1Specific measures to improve earnings in response to the pandemicAnnual report
「Amid a substantial decline in sales, we worked on measures to improve earnings, including thorough reductions in fixed costs, a review of the production structure and the use of employment adjustment subsidies. However, these measures did not fully offset the impact of lower sales, resulting in a loss.」
In addition to conventional cost improvement and structural reform, the Company reduced fixed costs, reviewed its production structure and used employment adjustment subsidies as measures to improve earnings, but was unable to fully offset the decline in sales and therefore posted a loss. - FY2020RaisedAnnual report
「Fiscal 2020 was positioned as a preparation period for the next medium-term management plan, which would begin in fiscal 2021. Returning to our roots, we will work as one group to pursue thorough rationalization, streamlining and transformation of our business structure.」
In addition to conventional structural reform and cost improvement, rationalization, streamlining and transformation of the business structure were identified as central issues for fiscal 2020. - FY2020-Q2RestatedAnnual report
「Ordinary profit was lower than in the previous corresponding period, mainly because of the substantial impact of the decline in product sales to the North American market from domestic operations. Productivity improvements for hollow valves are beginning to bear fruit, but upfront investment associated with business expansion has continued.」
The Company explains that productivity improvements for hollow valves are progressing, while upfront investment associated with business expansion continues. No specific figures quantifying the improvement effect were provided. - FY2019RestatedAnnual report
「We will also continue working on thorough cost improvement, including refreshing equipment that has deteriorated over time, improving labor productivity and improving quality.」
The Company continues to pursue cost improvement and structural reform, including equipment renewal, improved labor productivity and quality improvement. - FY2018RestatedAnnual report
「In addition, while promoting company-wide structural reform aimed at thorough cost improvement, we will fulfill our corporate social responsibility and pursue our ideals, striving to build an organization capable of being recognized as a company with value in the world.」
Company-wide structural reform and thorough cost improvement are described as ongoing management priorities. - FY2017RestatedAnnual report
「In addition, while promoting structural reform of base activities aimed at thorough cost improvement, we will fulfill our corporate social responsibility and pursue our ideals, striving to build an organization capable of being recognized as a company with value in the world.」
Cost improvement and structural reform are reiterated as means of achieving the basic policies and medium- to long-term targets for fiscal 2017. - FY2016First statedAnnual report
「In addition, while promoting fundamental structural reform aimed at thorough cost improvement, we will fulfill our corporate social responsibility and pursue our ideals with high goals at all times, striving to build an organization capable of being recognized as a company with value in the world.」
Cost improvement and structural reform are described as part of building the corporate structure needed to achieve the long-term vision.