Establishing a framework to continue the Metsä business through cost reductions, institutional financing and stakeholder support
First written in FY2020-Q3. 5 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1AdvancedAnnual report
「Investment banking segment profit was ¥2,258 million, up 0.2% year on year, as selling, general and administrative expenses increased 16.7% to ¥1,522 million due to the addition of subsidiaries, initial costs for the opening of Hyper Museum Hanno and Metsä promotion.」
The company maintained investment banking profit while recording costs for increased Metsä promotion and the opening of Hyper Museum Hanno. - FY2023AdvancedAnnual report
「During the current consolidated fiscal year, in preparation for resuming repayments of borrowings from financial institutions as part of the normalization process, ㈱ムーミン物語 agreed with financial institutions to revise the real estate rent it pays to the SPC. Repayments of the SPC’s borrowings funded by that rent and of ㈱ムーミン物語’s borrowings began at the end of September 2023.」
The company progressed from measures centered on cost reductions, government-backed financing and repayment deferrals to the stage of beginning repayments of borrowings by the SPC and ㈱ムーミン物語 through the revision of rent payments from the end of September 2023. - FY2021RestatedAnnual report
「In the previous consolidated fiscal year, the company’s subsidiary ㈱ムーミン物語 formulated and implemented cost-reduction measures to secure operating funds for Metsä in preparation for the prolonged impact of the spread of COVID-19. In parallel, it raised funds through government-backed financing.」
To sustain Metsä, the company continues to disclose measures combining cost reductions, government-backed financing, deferral of loan repayments and rent payments. - FY2021-Q3RestatedAnnual report
「For Metsä, the company continued its break-even measures, including expense controls in response to the decline in visitor numbers caused by the pandemic.」
To address the decline in visitor numbers caused by the pandemic, the company continued to control Metsä’s expenses and pursue break-even measures. - FY2021-Q2AdvancedAnnual report
「For Metsä, the company continued its break-even measures, including cost reductions in response to the decline in visitor numbers caused by the pandemic.」
To address the decline in visitor numbers, the company continued Metsä’s break-even measures through cost reductions, reducing consolidated selling, general and administrative expenses by 14.1% year on year to ¥1,543 million. - FY2021-Q1AdvancedAnnual report
「For Metsä, the company continued its break-even measures, including cost reductions in response to the decline in visitor numbers caused by the pandemic. Selling, general and administrative expenses decreased 19.1% year on year to ¥772 million as company-wide cost reductions, including at Metsä, were pursued from the previous fiscal year. As a result, operating profit was ¥53 million, compared with a loss of ¥258 million in the same period of the previous fiscal year.」
The company continued company-wide cost reductions, including at Metsä, reducing selling, general and administrative expenses by 19.1% year on year to ¥772 million. This contributed to a return to consolidated operating profitability and brought Metsä closer to break-even. - FY2020AdvancedAnnual report
「㈱ムーミン物語 raised ¥300 million in long-term borrowings through government-backed financing, and 飯能地域資源利活用合同会社 and ㈱ムーミン物語 obtained approval from financial institutions to defer repayments on their borrowings.」
To sustain the Metsä business, the company implemented a financial response combining ¥300 million in long-term borrowings through government-backed financing, repayment deferrals from financial institutions, cost reductions and rent payment deferrals. - FY2020-Q3First statedAnnual report
「To secure operating funds for Metsä in preparation for the prolonged impact of the spread of COVID-19, the company’s subsidiary ㈱ムーミン物語 formulated and implemented cost-reduction measures. In parallel, it raised funds through government-backed financing. Regarding borrowings by the subsidiary and by 飯能地域資源利活用合同会社, which owns and manages the real estate at Moominvalley Park, the companies agreed with financial institutions to defer principal repayments due in June 2020, subject to implementation of the cost-reduction measures, and continue discussions while requesting flexible treatment going forward. The company is also supporting ㈱ムーミン物語 through loans and rent payment deferrals. Moomin Characters Oy Ltd., which owns and manages the Moomin copyrights and trademarks, also intends to continue providing full cooperation to sustain the business.」
To prepare for the long-term impact on Metsä’s operations, the company established a business-continuity framework combining cost reductions, government-backed financing, deferral of principal repayments, loans and rent payment deferrals by the company, and support from rights holders and local governments.