Profitability Enhancement Measures and Voluntary Early Retirement
First written in FY2020-Q2. 8 of 9 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2023-Q3.
31 other companies' latest entry also says "Advanced".
- FY2023-Q3AdvancedAnnual report
「During the third quarter of the current consolidated cumulative period, product demand for the core CDMO business remained firm amid an active market environment, and net sales increased year on year. In response to cost increases caused by inflation and other factors, the Company worked to improve productivity and efficiency, resulting in higher operating income year on year.」
The Company pursued productivity and efficiency improvements in response to inflation-driven cost increases, with the specific result of increased operating income in the Medical Technology business. - FY2023-Q1AdvancedAnnual report
「In response to increases in labor and raw material costs caused by inflation, the Company worked to improve productivity and efficiency, resulting in higher operating income year on year.」
In response to inflation-driven increases in labor and raw material costs, the Company implemented productivity and efficiency improvements, with the specific result of increased operating income in the Medical Technology business. - FY2022AdvancedAnnual report
「To improve profitability, the Company will raise product prices in response to inflation-driven increases in energy, raw material and labor costs, while seeking to improve productivity and efficiency through factory automation, digital transformation and other measures.」
As measures to strengthen earnings, the Company has implemented product price increases and identified improving productivity and efficiency through factory automation and digital transformation as new specific initiatives. - FY2021-Q3AdvancedAnnual report
「Supported by firm product demand, the efficient cycle of production and sales continued, resulting in a substantial year-on-year improvement in operating income. As a result, during the third quarter of the current consolidated cumulative period, net sales were ¥145,532 million, up 13.0% year on year, while operating income was ¥15,443 million, up 295.6% year on year.」
The continued efficient cycle of production and sales, together with firm demand, led to consolidated operating income improving to ¥15,443 million, up 295.6% year on year. - FY2021-Q2AdvancedAnnual report
「In addition to firm product demand, ongoing improvements in the earnings structure led to a substantial year-on-year improvement in operating income. As a result, during the second quarter of the current consolidated cumulative period, net sales were ¥97,584 million, up 26.5% year on year, while operating income was ¥10,830 million, compared with an operating loss of ¥550 million in the same period of the previous year.」
Ongoing measures to improve the earnings structure, together with firm demand, contributed to consolidated operating income improving from a loss in the previous period to ¥10,830 million. - FY2021-Q1AdvancedAnnual report
「In addition to firm product demand, the effects of measures to strengthen earnings implemented in the previous fiscal year led to a substantial year-on-year improvement in operating income.」
The effects of measures to strengthen earnings implemented in the previous fiscal year, together with firm demand, were reflected in improved operating income for the quarter. - FY2020AdvancedAnnual report
「Although one-time costs related to measures to strengthen earnings power were incurred in the first half, full-year operating profit improved significantly due to the effects of those measures, increased product demand, and improved production efficiency resulting from stable demand.」
The Company recorded ¥2,051 million in business structure improvement expenses associated with measures to strengthen earnings, including recruitment of voluntary retirees, while full-year operating income turned profitable due to improvements in the cost structure, higher production efficiency and increased demand. - FY2020-Q3AdvancedAnnual report
「In addition to the effects of improvements in the cost structure resulting from measures to strengthen earnings implemented in the first half, increased product demand caused operating income to turn profitable. During the third quarter of the current cumulative period, the number of employees decreased by 92 to 727. This was mainly due to applications for voluntary retirement under a company-wide earnings-strengthening initiative.」
The effects of improved cost structure from measures implemented in the first half contributed to operating income turning profitable, while recruitment of voluntary retirees reduced the number of employees of the filing company by 92. - FY2020-Q2First statedAnnual report
「During the second quarter of the current consolidated cumulative period, the Company recorded ¥2,042 million in business structure improvement expenses as other expenses. These expenses comprised special additional payments and outplacement program costs arising from the recruitment of voluntary retirees as part of measures to strengthen earnings.」
The Company recruited voluntary retirees as a specific measure to strengthen earnings and recorded ¥2,042 million in business structure improvement expenses, including special additional payments and outplacement program costs.