Items stated in the management plan
FormulatedThe challenging operating environment has continued due to higher manufacturing costs resulting from recent global inflation, foreign exchange fluctuations, and declining housing demand in New Zealand and Japan. Although the company has pursued thorough cost reduction and profitability improvement, it has still been unable to eliminate losses. It therefore determined that a fundamental review of the business was necessary to improve the Group’s overall earnings capacity and achieve an early return to profitability at JNL.
| Item | Details |
|---|---|
| Plan name | Restructuring Plan |
| Progress against the plan | Formulated |
| Self-assessment of PBR and share price | The company states that it is promoting management conscious of capital costs and share prices, but provides no self-assessment or figures for its PBR or share price level. |
| Plan assumptions | Higher manufacturing costs resulting from global inflation, Foreign Exchange Movements, Declining housing demand in New Zealand and Japan |
| Key initiatives | Thorough cost reduction and profitability improvement, Consideration of restructuring options, including a business transfer and suspension of operations, Labor-management discussions with employees and labor unions |
| Reason for revision or withdrawal | The challenging operating environment has continued due to higher manufacturing costs resulting from recent global inflation, foreign exchange fluctuations, and declining housing demand in New Zealand and Japan. Although the company has pursued thorough cost reduction and profitability improvement, it has still been unable to eliminate losses. It therefore determined that a fundamental review of the business was necessary to improve the Group’s overall earnings capacity and achieve an early return to profitability at JNL. |
| Risks identified | Higher manufacturing costs resulting from global inflation, Foreign Exchange Movements, Declining housing demand in New Zealand and Japan, Continued losses that have not been eliminated |
| Date of board resolution | 26 March 2026 |
| Publication date | 26 March 2026 |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The challenging operating environment has continued due to higher manufacturing costs resulting from global inflation, foreign exchange fluctuations, and declining housing demand in New Zealand and Japan. The company has been unable to eliminate losses despite efforts to reduce costs and improve profitability. It determined that a fundamental review of the businesses was necessary to improve the Group’s overall earnings capacity and achieve an early return to profitability at JNL.