Business Structure Reform under SRP and Withdrawal from Unprofitable Businesses
First written in FY2017-Q1. 14 of 24 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2023.
3 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual report
「We have sought to supply jewelry parts and jewelry by combining technology and technological expertise, increasing added value through the creation of sustainable products, and achieving our management objective of creating a better world through the creation of jewelry.」
The previous SRP and withdrawal from unprofitable businesses are not explicitly mentioned in this filing. The management strategy is described within a framework of combining technology and technological expertise and creating sustainable products. - FY2023-Q3RestatedAnnual report
「There were no material changes during the cumulative third quarter period to the management policies, management strategies or other matters established by the Company.」
The Company reconfirms that there have been no material changes in its management policies or management strategies. - FY2023-Q2RestatedAnnual report
「There were no material changes during the cumulative second quarter period to the management policies, management strategies or other matters established by the Company.」
The Company reconfirms that there have been no material changes in its management policies or management strategies. - FY2023-Q1RestatedAnnual report
「There were no material changes to our management policies or management strategies during the first quarter cumulative period.」
The Company reconfirms that there have been no material changes in its management policies or management strategies. - FY2022-Q3RestatedAnnual report
「There were no material changes during the cumulative third quarter period to the management policies, management strategies or other matters established by the Company.」
The Company states that there were no material changes in its management policies or strategies. - FY2022-Q2AdvancedAnnual report
「In terms of profit, in addition to the effects of increased sales, productivity improvements and thorough cost reductions achieved by setting efficient working hours according to order volumes, implemented during the state of emergency in the previous fiscal year, became established. As a result, operating income was ¥81 million, an increase of ¥112 million year on year, ordinary income was ¥84 million, an increase of ¥102 million, and quarterly net income was ¥57 million, an increase of ¥77 million.」
The company states that setting working hours according to order volumes, improving productivity and reducing costs have become established, showing specific progress in the form of increases in operating income, ordinary income and quarterly net income. - FY2022-Q1AdvancedAnnual report
「In terms of profit, in addition to the effects of increased sales, we continued from the previous fiscal year to improve productivity and thoroughly reduce costs by setting efficient working hours according to order volumes. As a result, operating income was ¥59 million, an increase of ¥56 million year on year, ordinary income was ¥62 million, an increase of ¥59 million, and quarterly net income was ¥41 million, an increase of ¥39 million. The results for the cumulative first quarter also exceeded those for the same period 2 years earlier, before the COVID-19 pandemic.」
The company states that continued productivity improvements and cost reductions resulted in increases in operating income, ordinary income and quarterly net income from the same period of the previous year, with results also exceeding those of the same period 2 years earlier, before the COVID-19 pandemic. - FY2021-Q3RestatedAnnual report
「Amid these circumstances, we implemented various measures to restore performance while working to prevent the spread of the novel coronavirus.」
The company continues its policy of implementing measures to prevent the spread of COVID-19 and restore performance. Specific product measures were recorded in a separate new thread. - FY2020AdvancedAnnual report
「In the core jewelry parts business, we expanded sales to customers in Japan and overseas, centered on patented products and new earring parts. In the jewelry business, we focused on developing new customers for bridal products processed using proprietary technology, thereby increasing sales. In manufacturing and development, amid rising prices for gold, platinum and other precious metals, we worked to maintain and improve productivity and profitability, while expanding processing equipment and upgrading our proprietary technology. As a result of these business activities, for the fiscal year, net sales were ¥2,733 million, up 16.0% from the previous fiscal year, operating income was ¥103 million, up 16.1%, ordinary income was ¥106 million, up 4.4%, and net income was ¥87 million, up 2.0%, representing the second consecutive fiscal year of revenue and earnings growth.」
The company advanced sales expansion in Japan and overseas, development of new customers, maintenance and improvement of productivity and profitability, expansion of processing equipment and upgrades to its proprietary technology. It reports 2 consecutive fiscal years of revenue and earnings growth, including net sales growth of 16.0% and operating income growth of 16.1%. - FY2020-Q3AdvancedAnnual report
「Amid these circumstances, we continued to focus on expanding sales to domestic customers and developing overseas customers in sales, and on improving productivity and profitability in manufacturing, centered on patented earring parts and finished jewelry processed using proprietary technology. As a result of these business activities, for the cumulative third quarter, net sales were ¥2,041 million, up 16.0% year on year, operating income was ¥75 million, up 14.3%, ordinary income was ¥78 million, up 13.5%, and quarterly net income was ¥56 million, up 8.2%, representing the second consecutive period of revenue and earnings growth compared with the same period 2 years earlier.」
The company continued to expand domestic sales, develop overseas customers and improve productivity and profitability, centered on patented products and products processed using proprietary technology. It reports specific progress for the cumulative third quarter of net sales growth of 16.0%, operating income growth of 14.3%, ordinary income growth of 13.5% and quarterly net income growth of 8.2%. - FY2020-Q2AdvancedAnnual report
「Amid these circumstances, we continued to focus on expanding sales to domestic customers and developing overseas customers in sales, and on improving productivity and profitability in manufacturing, centered on patented earring parts and finished jewelry processed using proprietary technology. As a result of these business activities, for the cumulative second quarter, net sales were ¥1,349 million, up 15.9% year on year, operating income was ¥45 million, up 16.4%, ordinary income was ¥47 million, up 18.4%, and quarterly net income was ¥34 million, up 14.7%.」
The company continued to expand domestic sales, develop overseas customers and improve productivity and profitability, centered on patented products and products processed using proprietary technology. It reports specific progress for the cumulative second quarter of net sales growth of 15.9%, operating income growth of 16.4%, ordinary income growth of 18.4% and quarterly net income growth of 14.7%. - FY2020-Q1AdvancedAnnual report
「Amid these circumstances, we focused on expanding sales to domestic customers and developing overseas customers in sales, and on improving productivity and profitability in manufacturing, centered on patented earring parts and finished jewelry processed using proprietary technology. As a result of these business activities, for the cumulative first quarter, net sales were ¥649 million, up 12.9% year on year, operating income was ¥24 million, up 24.5%, ordinary income was ¥26 million, up 32.3%, and quarterly net income was ¥18 million, up 15.7%, representing the second consecutive period of revenue and earnings growth compared with the same period 2 years earlier.」
The company continued to expand domestic sales, develop overseas customers and improve productivity and profitability, centered on patented products and products processed using proprietary technology. It reports measurable first-quarter progress of net sales growth of 12.9%, operating income growth of 24.5%, ordinary income growth of 32.3% and quarterly net income growth of 15.7%. - FY2019AdvancedAnnual report
「Amid these circumstances, we worked across the company to improve productivity and profitability. In sales, the core jewelry parts business performed well in Japan and overseas, centered on patented products and new earring parts. In the jewelry business, sales of bridal products processed using proprietary technology increased. As a result, revenue and earnings increased from the previous fiscal year. Accordingly, for the fiscal year, net sales were ¥2,356 million, up 9.7% year on year, operating income was ¥88 million, up 42.2%, and ordinary income was ¥101 million, up 70.0%, reflecting recognition of a ¥12 million reversal of allowance for doubtful accounts. This represented the second consecutive fiscal year of revenue and earnings growth.」
The company advanced improvements in productivity and profitability, patented and new products, domestic and overseas sales, and sales expansion of bridal products processed using proprietary technology. It reports the measurable annual result of revenue and earnings growth for the second consecutive fiscal year. - FY2019-Q3AdvancedAnnual report
「Amid these circumstances, we focused on expanding sales to domestic customers and developing overseas customers in sales, and on improving productivity and profitability in manufacturing, centered on patented earring parts and finished jewelry processed using proprietary technology. As a result, revenue and earnings increased from the same period of the previous year. Accordingly, for the cumulative third quarter, net sales were ¥1,760 million, up 11.9% year on year, operating income was ¥65 million, up 79.0%, ordinary income was ¥68 million, up 97.9%, and quarterly net income was ¥52 million, compared with a quarterly net loss of ¥34 million in the same period of the previous year.」
Centered on patented products and products processed using proprietary technology, the company expanded sales to domestic customers, developed overseas customers and improved productivity and profitability. As a result, it reports net sales growth of 11.9%, operating income growth of 79.0%, ordinary income growth of 97.9% and a return to profitability in net income. - FY2019-Q2AdvancedAnnual report
「In sales and manufacturing, revenue and earnings increased from the same period of the previous year as sales of patented earring parts and finished jewelry processed using proprietary technology performed well, overseas sales of these products increased through active development of overseas customers, and their profitability improved. Accordingly, for the cumulative second quarter, net sales were ¥1,164 million, up 16.5% year on year, operating income was ¥39 million, up 171.7%, ordinary income was ¥40 million, up 210.2%, and quarterly net income was ¥30 million, up 341.7%.」
The company reports measurable results of higher revenue and earnings and improved profitability while advancing patented products, products processed using proprietary technology, development of overseas customers and increased overseas sales. - FY2019-Q1AdvancedAnnual report
「In manufacturing and sales, domestic and overseas sales of patented products such as earring parts, as well as OEM production and sales of bridal rings and other products using proprietary processing technology, grew significantly, resulting in a substantial increase in revenue and improved profitability. Accordingly, for the cumulative first quarter, net sales were ¥575 million, up 16.4% year on year, and operating income was ¥19 million, compared with operating income of ¥0 million in the same period of the previous year.」
The company identifies growth in domestic and overseas sales of patented products and OEM production and sales using proprietary processing technology as specific progress related to its business reforms. Net sales increased 16.4% year on year, and profitability also improved. - FY2018AdvancedAnnual report
「In sales, revenue increased from the previous fiscal year as a result of business reforms including developing new sales channels, developing patentable products, developing products using proprietary technology, shortening delivery times and improving quality.」
The company continued specific business-reform measures and reported annual sales growth of 8.5% year on year as a result. - FY2018-Q3AdvancedAnnual report
「Meanwhile, sales increased as a result of a series of business reforms, including developing new sales channels, developing patentable products, developing products using proprietary technology, shortening delivery times and improving quality. Accordingly, for the cumulative third quarter, net sales were ¥1,572 million, up 5.5% year on year, operating income was ¥36 million, down 23.7%, ordinary income was ¥34 million, down 5.8%, and quarterly net loss was ¥34 million, compared with quarterly net income of ¥32 million in the same period of the previous year.」
The company states that sales increased 5.5% year on year as a result of business reforms including new sales channels, patentable products, proprietary technology, shorter delivery times and quality improvements, providing specific measures and measurable results. - FY2018-Q2RestatedAnnual report
「Amid these circumstances, we have worked as a company-wide team to reform our business structure and internal organization.」
Although the name SRP is not used, the company states that it continues to reform its business structure and internal organization as a company-wide effort. - FY2018-Q1RestatedAnnual report
「Amid these circumstances, we have continued to work as a company-wide team on the Business Structural Reform Project, which began to produce results in the previous fiscal year. To secure orders during the industry's peak-demand period, from September to January, which corresponds to our second half, we have actively strengthened our sales organization, pursued technology development, applied for and obtained intellectual property rights including patents, and promoted sales since the start of the fiscal year. We are also actively advancing capital investment and increasing production staffing to prepare for the busy season for new products, for which the number of customers placing orders has been steadily increasing.」
The company reiterates its continued efforts on the SRP and states that it has implemented and advanced measures including strengthening its sales organization to secure orders, technology development, intellectual property applications and registrations, sales promotion, capital investment and increases in production staffing. However, no explicit milestones such as factory completion or achievement of numerical targets are provided. - FY2017AdvancedAnnual report
「Amid these circumstances, we have continued to work as a company-wide team on the Business Structural Reform Project. As a result, although the project remains in progress, we were able to return to profitability in operating income, ordinary income and net income for the first time in 3 fiscal years since the fiscal year ended January 2014. We will continue to advance the Business Structural Reform Project launched in the previous fiscal year. In the jewelry parts business, we will pursue higher earnings and improved profitability through new product development and the expansion of new sales channels in Japan and overseas. In the jewelry business, we will improve profitability by focusing on expanding sales of high-value-added products that capitalize on our proprietary processing technology.」
Although the SRP remains in progress, the company reports a return to profitability in operating income, ordinary income and net income for the first time in 3 fiscal years since the fiscal year ended January 2014. Measures have also been made more specific, including new product development, expansion of new sales channels and focused sales expansion of high-value-added products. - FY2017-Q3RestatedAnnual report
「Amid these circumstances, we have continued to work as a company-wide team on the Business Structural Reform Project. As a result, although the project remains in progress, we achieved a return to profitability in operating income, ordinary income and quarterly net income. Accordingly, for the cumulative third quarter, net sales were ¥1,490 million, operating income was ¥10 million, ordinary income was ¥3 million and quarterly net income was ¥3 million.」
The company reiterates its continued efforts on the Business Structural Reform Project and the return to profitability in operating income, ordinary income and quarterly net income. No new progress that can be specifically identified from Q2 is reported. - FY2017-Q2AdvancedAnnual report
「Amid these circumstances, we have continued to work as a company-wide team on the Business Structural Reform Project. As a result, although the project remains in progress, we achieved a return to profitability in operating income, ordinary income and quarterly net income for the first time in 2 years.」
Although the Business Structural Reform Project remains in progress, the company reports the specific progress of returning to profitability in all 3 categories: operating income, ordinary income and quarterly net income, for the first time in 2 years. - FY2017-Q1First statedAnnual report
「Against this backdrop, the company has continued its company-wide efforts on the business structure reform project launched in the previous fiscal year, the Structure Reforming Project, or SRP. As a result, although the impact of withdrawing from unprofitable businesses remains, the reform is beginning to produce steady results, including a 3.5 percentage-point year-on-year increase in the gross profit margin to 14.8% in the cumulative first-quarter period, compared with 11.3% in the same period of the previous year.」
The company will continue the SRP launched in the previous fiscal year and identifies withdrawal from unprofitable businesses as a specific measure. Improvement in the gross profit margin is also noted.