Productivity Improvement and Cost Reduction
First written in FY2016. 7 of 21 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2021: 9 of 52 companies on the "Worse" side.
55 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「Software Implementation of new core business system ¥575 million」
The previous policy of renewing and replacing the core business system took concrete form with the implementation of a new core business system, resulting in a ¥575 million increase in software. - FY2023-Q3Higher costs associated with M&A, replacement of the core business system and the resumption of sales activities continuedAnnual report
「Although revenue increased year on year, operating income decreased due to higher selling, general and administrative expenses. The main factors behind the increase in selling, general and administrative expenses were costs associated with M&A carried out in line with the capital allocation policy aimed at transforming the company into a sustainably growing enterprise as stipulated in the compliance plan, costs associated with replacing the core business system to standardize and improve operational efficiency and strengthen internal controls, and higher costs resulting from the resumption of sales activities after the COVID-19 pandemic.」
Costs associated with M&A, replacement of the core business system and the resumption of sales activities continued to increase. Selling, general and administrative expenses were ¥5,773 million, while operating income was ¥983 million, down 21.6% year on year. - FY2023-Q2SG&A expenses up due to M&A, core system replacement and resumption of sales activitiesAnnual report
「The main factors behind the increase in selling, general and administrative expenses were costs associated with M&A carried out in line with the capital allocation policy aimed at transforming the company into a sustainably growing enterprise as stipulated in the compliance plan, costs associated with replacing the core business system to standardize and improve operational efficiency and strengthen internal controls, and higher costs resulting from the resumption of sales activities after the COVID-19 pandemic.」
Higher costs associated with M&A, replacement of the core business system and the resumption of sales activities after the COVID-19 pandemic pushed up SG&A expenses, and operating income decreased 30.5% year on year. - FY2023-Q1SG&A expenses up due to sales activities and system investmentAnnual report
「Selling, general and administrative expenses increased due to increased sales activities and system investment aimed at expanding business performance, resulting in lower revenue and operating income.」
Increased sales activities and system investment aimed at expanding business performance became factors behind lower revenue and operating income in the building materials segment through higher SG&A expenses. - FY2022RaisedAnnual report
「2. Achieving robust cost competitiveness through higher productivity We will review operations across the company, actively promote productivity improvements through measures including system implementation while maintaining internal controls and the compliance framework, and pursue further cost reductions through higher productivity.」
The company has strengthened its previous productivity improvement and cost reduction policy by expressly identifying “achieving robust cost competitiveness” as one of the 3 key strategies of Sustena X and stating that it will pursue this actively. - FY2022-Q2Higher operating profit amid higher SG&A expensesAnnual report
「Selling, general and administrative expenses increased overall due to higher travel and transportation expenses following the resumption of operating activities and higher communication expenses related to the next core business system, but operating income increased due to higher gross profit.」
Selling, general and administrative expenses increased due to travel and transportation expenses and costs related to the next core business system, while operating income increased due to higher gross profit. Profit trends have changed from the previous quarter, when higher SG&A expenses resulted in lower operating income. - FY2022-Q1Operating income down due to higher SG&A expensesAnnual report
「Revenue decreased due to the impact of the Accounting Standard for Revenue Recognition, but gross profit increased. However, travel and transportation expenses increased as operating activities resumed, communication expenses increased due to higher costs related to the next core business system, and operating income decreased as selling, general and administrative expenses increased.」
In addition to the impact of the revenue recognition accounting standard, selling, general and administrative expenses increased due to higher travel and transportation expenses following the resumption of operating activities and higher communication expenses related to the next core business system, resulting in lower operating income. - FY2021AdvancedAnnual report
「The ¥110 million adjustment to the increase in property, plant and equipment and intangible assets reflects investments related to the renewal of the company’s core business system and other items.」
Regarding productivity improvement and system implementation measures, the company disclosed a specific investment track record, including ¥110 million invested in the renewal of its core business system. Meanwhile, selling, general and administrative expenses were ¥6,443 million, down 5.2%, while operating income decreased 18.6%. - FY2021-Q3Operating income down despite lower SG&A expensesAnnual report
「Selling, general and administrative expenses 5,140 4,880 Operating income 1,139 1,025」
Selling, general and administrative expenses decreased from ¥5,140 million to ¥4,880 million compared with the cumulative total for the previous corresponding quarter, while operating income decreased from ¥1,139 million to ¥1,025 million. - FY2020Continued increase in SG&A expensesAnnual report
「Selling, general and administrative expenses totaled ¥6,794 million, up 3.3% year on year, due mainly to higher depreciation and amortization and increases in employee salaries and allowances.」
Although the company promotes productivity improvement and cost reduction, selling, general and administrative expenses increased 3.3% year on year in the consolidated fiscal year due to higher depreciation and amortization and employee salaries and allowances. - FY2020-Q3Operating income down due to higher SG&A expensesAnnual report
「Under these conditions, the group sought to maintain revenue in each field, and overall revenue remained flat, but operating income decreased due to higher selling, general and administrative expenses. As a result, the group’s revenue was ¥67,110 million, down 0.1% year on year, and operating income was ¥1,139 million, down 5.0%.」
Unlike the previous explanations of cost reduction and productivity improvement, this filing states that higher selling, general and administrative expenses were a factor in the decrease in operating income. - FY2019AdvancedAnnual report
「Each division is reviewing its operations and implementing specific operational improvements and system initiatives, including the system implementation and migration to the cloud of measures to improve operational productivity.」
In addition to the previous operational reviews, the company is implementing system-based and cloud-based improvements in operational productivity as specific measures. - FY2018RestatedAnnual report
「We will review operations across the company, strengthen internal controls and the compliance framework, and promote productivity improvements through measures including system implementation. We will pursue further improvements in profitability through higher productivity. Each division is reviewing its operations and implementing specific operational improvements.」
The company continues its policy of improving productivity and profitability through operational reviews, system implementation, and specific operational improvements. - FY2018-Q3RestatedAnnual report
「Selling, general and administrative expenses remained broadly flat as a percentage of revenue in line with the increase in revenue, and operating income increased.」
The company continues to explain that it held selling, general and administrative expenses broadly flat as a percentage of revenue despite revenue growth, resulting in higher operating income. - FY2018-Q2Maintaining the SG&A ratio flat amid revenue growthAnnual report
「Under these conditions, revenue declined in the solar energy-related and textile-related fields, but increased in the construction materials-related, resin-related and electronic components-related fields, resulting in an overall increase in revenue. Selling, general and administrative expenses remained flat as a percentage of revenue in line with the increase in revenue, and operating income increased.」
The company states that it held selling, general and administrative expenses flat as a percentage of revenue despite overall revenue growth, resulting in higher operating income. - FY2018-Q1AdvancedAnnual report
「Selling, general and administrative expenses remained broadly flat despite costs such as preparations for new facilities at overseas subsidiaries, as overall cost reduction measures were implemented, while operating income increased.」
Despite preparations for new facilities at overseas subsidiaries, the company implemented overall cost reduction measures, keeping selling, general and administrative expenses broadly flat at ¥1,557 million versus ¥1,548 million in the previous corresponding period, while increasing operating income from ¥177 million to ¥209 million. - FY2017AdvancedAnnual report
「Each division is reviewing its operations and implementing specific operational improvements.」
In addition to the policy of reviewing operations across the company, the company states that each division is implementing specific operational improvements. - FY2017-Q3RestatedAnnual report
「Selling, general and administrative expenses decreased in total because the reduction attributable to subsidiaries removed from the scope of consolidation following their sale in the previous consolidated fiscal year and the increase attributable to newly consolidated subsidiaries were largely offset, while overall cost reductions reduced the total.」
The company reiterates the decrease in selling, general and administrative expenses resulting from overall cost reductions. Selling, general and administrative expenses decreased from ¥5,057 million in the previous corresponding period to ¥4,630 million, but this is a continued explanation of the same measures and no new milestone is indicated. - FY2017-Q2AdvancedAnnual report
「Selling, general and administrative expenses decreased in total because the reduction attributable to subsidiaries removed from the scope of consolidation following their sale in the previous consolidated fiscal year and the increase attributable to newly consolidated subsidiaries were largely offset, while overall cost reductions reduced the total.」
Selling, general and administrative expenses decreased from ¥3,293 million in the previous corresponding quarter to ¥3,118 million due to overall cost reductions, confirming the continued effect of cost reduction measures. - FY2017-Q1AdvancedAnnual report
「Selling, general and administrative expenses decreased in total because the reduction attributable to subsidiaries removed from the scope of consolidation following their sale in the previous consolidated fiscal year and the increase attributable to newly consolidated subsidiaries were largely offset, while overall cost reductions reduced the total.」
Selling, general and administrative expenses decreased from ¥1,607 million in the previous corresponding period to ¥1,548 million due to overall cost reductions, demonstrating progress in productivity improvement and cost reduction. - FY2016First statedAnnual report
「We will review operations across the company, strengthen internal controls and the compliance framework, and promote productivity improvements through measures including system implementation. We will pursue further cost reductions through higher productivity.」
The company has set out a productivity improvement policy involving an operational review, system implementation, and stronger internal controls and compliance.