Medium- to long-term business structure reform and workforce optimisation through voluntary retirement
First written in FY2021-Q3. 4 of 8 entries say "Restated". Latest entry: FY2025.
2 other companies' latest entry also says "Cited as achieved".
- FY2025Cited as achievedAnnual report
「Under these extremely challenging conditions, the company believes that the factors behind the improvement in performance were the increasing pass-through of higher labor costs resulting from wage increases into selling prices, in addition to the results of the business structure reforms it has undertaken to date.」
The company cites the business structure reforms undertaken to date, including voluntary retirements, production equipment reviews and fixed-cost reductions, as achievements and results contributing to the improvement in full-year performance. - FY2023RestatedAnnual report
「Under these circumstances, the Company advanced structural reforms around 3 initiatives: strengthening competitiveness in core businesses, strengthening development of new businesses, and strengthening the management base supporting business activities.」
The company continues its business structure reforms through three reforms involving its core businesses, new businesses and management foundation. - FY2023-Q3RestatedAnnual report
「Under these circumstances, the Company advanced structural reforms around 3 initiatives: strengthening competitiveness in core businesses, strengthening development of new businesses, and strengthening the management base supporting business activities.」
As part of the business structure reforms following the voluntary retirement program and equipment review, the company continues to pursue three reforms involving its core businesses, new businesses and management foundation. - FY2022AdvancedAnnual report
「We believe that the recovery in performance was attributable to the establishment of an organisational structure capable of withstanding a decline in sales, as a result of soliciting applications for voluntary retirement and reducing fixed costs through measures such as reviewing production facilities during the previous fiscal year. On that basis, we recognise that the results of business structure reform, comprising 3 initiatives to strengthen competitiveness in the core business, strengthen new business development and strengthen the management infrastructure supporting business activities, aimed at achieving our target business model, a “business partner that solves customers’ issues by providing one-stop solutions,” are beginning to emerge.」
In addition to preparing the organization through voluntary retirement programs, equipment reviews and fixed-cost reductions, the company has indicated that it believes the results of the three reforms are beginning to emerge. - FY2022-Q2RestatedAnnual report
「During the fiscal year, we advanced structural reforms around 3 initiatives to realize the business model we seek, namely, a “business partner that solves customers' issues by providing one-stop solutions”: strengthening competitiveness in core businesses, strengthening development of new businesses, and strengthening the management base supporting business activities.」
As part of business structure reform following voluntary retirement, the review of production facilities and fixed-cost reductions, we continue business structure reform through 3 initiatives covering the core business, new businesses and the management infrastructure. - FY2022-Q1RestatedAnnual report
「During the current consolidated fiscal year, in response to the difficult operating environment, we implemented voluntary retirement as a difficult decision, promoted fixed-cost reductions through measures such as reviewing production facilities, and established an organisational structure capable of withstanding a decline in sales. Going forward, based on this organisational structure, we will pursue business structure reform under 3 initiatives: strengthening competitiveness in our core business, strengthening new business development, and strengthening the management infrastructure supporting business activities, with the aim of achieving our target business model, a “business partner that solves customers’ issues by providing one-stop solutions.”」
After implementing voluntary retirement, reviewing production facilities and reducing fixed costs, we continue business structure reform through 3 initiatives covering the core business, new businesses and the management infrastructure. - FY2021AdvancedAnnual report
「During the current consolidated fiscal year, in response to the difficult operating environment, we implemented voluntary retirement as a difficult decision, promoted fixed-cost reductions through measures such as reviewing production facilities, and established an organisational structure capable of withstanding a decline in sales. Going forward, based on this organisational structure, we will pursue business structure reform under 3 initiatives: strengthening competitiveness in our core business, strengthening new business development, and strengthening the management infrastructure supporting business activities, with the aim of achieving our target business model, a “business partner that solves customers’ issues by providing one-stop solutions.”」
After implementing voluntary retirement, reviewing production facilities and reducing fixed costs, we have moved to the stage of advancing business structure reform through 3 initiatives covering the core business, new businesses and the management infrastructure. - FY2021-Q3First statedAnnual report
「However, as we expect the effects of the contraction of the domestic printing market and the economic slowdown caused by COVID-19 to continue for the time being, we decided to solicit applications for voluntary retirement in order to achieve an early improvement in performance through medium- to long-term business structure reform and workforce optimisation. Target number of employees: approximately 100 Application period: 6 January 2021 to 29 January 2021 Retirement date: 31 March 2021 Number of voluntary retirees: 88 We plan to recognize ¥597 million in special retirement payments and outplacement support costs as an extraordinary loss in the fourth quarter of the fiscal year ending March 2021.」
As a response to the contraction of the domestic printing market and the economic slowdown caused by the infection, we newly disclosed medium- to long-term business structure reform and workforce optimisation. Applications for voluntary retirement were solicited from approximately 100 employees, with 88 confirmed; the retirement date is 31 March 2021, and related costs of ¥597 million are scheduled to be recognized as an extraordinary loss in the fourth quarter.