Cost Reduction and Expense Savings Across All Businesses

「また、製品販売にとどまらず、既設製品の点検・修理・交換部品等のアフターサービス需要の取り込み、規格品・在庫品の販売チャネル拡充、外注先を含む調達・製造コストの見直し等を進め、売上拡大と収益性改善の両面から事業基盤の再構築に取り組んでおります。」

「The company is implementing thorough profitability management for each project and reducing costs, including those of suppliers and subcontractors, with the aim of shifting to business operations that prioritize profitability rather than merely securing order volume.」

「Efforts to improve productivity and reduce costs by strengthening cooperation between the Sagamihara and Toyohashi plants, our production bases, also contributed to improved earnings, and both net sales and operating profit exceeded the previous year.」

「This was mainly attributable to solid sales in the testing equipment business. Operating profit was ¥152.915 million, up 508.0% year on year.」

「While focusing on expanding orders, particularly from existing customers, we will strengthen cooperation between the Sagamihara and Toyohashi plants in order to implement thorough cost management and reduce costs.」

「This was attributable mainly to increased demand for the core testing equipment business, as well as the results of company-wide cost management and reductions in selling, general and administrative expenses.」

「The company reviewed its executive structure and is strengthening coordination between the Sagamihara and Toyohashi plants to tighten cost management and reduce costs. It is also working with its business partner ㈱先端力学シミュレーション研究所, which develops CAE (Computer Aided Engineering) software and provides contract analysis and development services, to build a platform for business expansion, including a database to improve the efficiency of design and quotation operations,」

「Meanwhile, longer lead times for some procured items extended the period from order receipt to delivery, affecting the timing of revenue recognition. The company was also affected by higher purchase prices for components, raw materials and other items, which pressured profits for some products and services.」

「The impact of soaring procurement prices for components, raw materials and other items was substantial. Although the Company has been passing these increases on to selling prices, profit was squeezed on some products and services, while deterioration in the cost ratio of made-to-order products involving development work made it difficult to secure profit. Overall, however, both sales and profit exceeded the same period of the previous year.」

「The impact of soaring procurement prices for components, raw materials and other items was substantial. Although the Company has been passing these increases on to selling prices, profit was squeezed on some products and services, while deterioration in the cost ratio of made-to-order products involving development work made it difficult to secure profit. Nevertheless, both sales and profit exceeded the same period of the previous year.」

「Although the Company has been passing on soaring component and raw material prices and longer lead times for procured components to selling prices, profit was squeezed on some products. In addition, deterioration in costs for made-to-order products involving development work made it difficult to secure profit.」

「In the engineering business, the company continued to increase the penetration and market share of its mainstay anti-loosening nuts and springs in social infrastructure such as expressways, bridges and energy-related facilities and in the domestic construction market. As a result, sales of anti-loosening products used in urban development and public works were strong, enabling net sales to exceed the level of the same period of the previous year, but operating income stagnated because of higher raw-material prices and other factors.」

「During the cumulative second quarter of the current consolidated fiscal year, the market was affected by COVID-19, leading customers to cancel or postpone capital investment. The Company was also affected by restrictions on sales activities, product installation work, repair and maintenance services, intensifying price competition and rising procurement costs. Although sales remained at roughly the same level as the same period of the previous year, operating profit fell below the previous year's level, mainly because of deterioration in the cost ratio of made-to-order products.」

「In addition to strengthening price negotiations with customers and suppliers and reviewing the staffing structure, we restructured the business and improved expenses, including material and labor costs. As a result, the business achieved a shift to operating profitability.」

「In addition, the company strengthened price negotiations with customers and suppliers and restructured the business, including a review of its workforce structure. Through substantial reviews of expenses, including costs and labour expenses, it made the business as a whole more resilient and has continued to achieve a shift to a consistently profitable structure in the current fiscal year.」

「In addition to strengthening price negotiations with customers and suppliers and reviewing the staffing structure, we also restructured the business and substantially reviewed expenses, including material and labor costs. These measures made the business as a whole more resilient and enabled it to shift to a profitable structure.」

「The company strengthened price negotiations with customers and suppliers and restructured the business, including a review of its workforce structure. Through substantial reviews of expenses, including costs and labour expenses, it made the business as a whole more resilient and achieved a shift to a consistently profitable structure.」

「Regarding profit and loss, we continued to reduce costs through appropriate staffing levels and stronger purchasing management in response to declining sales. As a result, although sales declined from the previous consolidated fiscal year, profit and loss improved.」

「Regarding profit and loss, we continued to reduce costs through appropriate staffing levels and stronger purchasing management in response to declining sales. Consequently, sales in the overseas business were ¥352.046 million, down 46.8% year on year, and the operating loss was ¥58.403 million, compared with an operating loss of ¥62.847 million in the same period of the previous year.」

「Regarding profit and loss, we continued to reduce costs through appropriate staffing levels and stronger purchasing management in response to declining sales.」

「Regarding profit and loss, we continued to reduce costs through appropriate staffing levels and stronger purchasing management in response to declining sales. As a result, although the overseas business posted a small loss, results improved significantly from the same period of the previous year. Consequently, sales in the overseas business were ¥138.297 million, down 55.9% year on year, and the operating loss was ¥30.873 million, compared with an operating loss of ¥35.466 million in the same period of the previous year.」

「This was mainly attributable to reductions in various expenses at the Chinese subsidiary Wuxi Sanwa Plastic Products Co., Ltd.」

「Going forward, we will continue to enforce cost management, work to reduce fixed costs and strengthen our sales structure.」

「In the testing equipment business, the company continued to strengthen its earnings base by upgrading the performance and functionality of existing products, promoting the standardization of made-to-order products and parts, and reducing costs through rigorous cost management by individual product.」

「As a result of stronger purchasing management, selling, general and administrative expenses have continued to trend downward on a quarterly basis.」

「In the testing equipment business, the company continued to strengthen its earnings base by upgrading the performance and functionality of existing products, promoting the standardization of made-to-order products and parts, and reducing costs through rigorous cost management by individual product.」

「Although time was required to establish and improve the production structure and sales remained at roughly the same level as the same period of the previous year, operating results improved as a result of cost reductions centered on purchasing and procurement.」

「In the Testing Equipment business, we pursued cost reductions by preparing standard drawings for testing equipment and strengthening competitive procurement, while strengthening process management for high-value and special projects by promoting coordination between the Sagamihara and Toyohashi factories.」

「In the Testing Equipment business, we pursued cost reductions by preparing standard drawings for testing equipment and strengthening competitive procurement. We also strengthened process management for high-value and special projects by promoting coordination between the 2 factories, helping to secure sales.」

「We are working to achieve improvements through stronger and more firmly established 5S activities, cost-reduction initiatives and other measures.」

「As a result, some improvements have been achieved, including the establishment of 5S activities and reductions in product costs.」

「In the Testing Equipment business, we prepared standard drawings for machinery to establish a foundation for cost reductions and worked with each division and subsidiary to expand repair sales.」

「On the production side, we continued to improve and strengthen manufacturing cost management in the production process and reviewed selling, general and administrative expenses in an effort to reduce costs.」

「To improve the financial position of the Group, we are working to improve and stabilize the profitability of each business while pursuing structural reforms across all businesses, including expense reductions and greater operational efficiency.」

「Across all businesses, we will continue to focus closely on consolidated performance, reduce costs through the efficient procurement of raw materials and other items, and cut expenses.」