Flexible Pricing and Inventory Risk Reduction in Preparation for a Second Wave of COVID-19
First written in FY2021-Q1. 2 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2022: 2 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「In the previous consolidated fiscal year, we recognized a substantial valuation loss to promote sales through more flexible sales pricing, implemented to mitigate the future impact of COVID-19 on business performance. In the consolidated fiscal year under review, there was no such impact, and the earnings accompanying higher revenue were fully reflected, resulting in a substantial increase in profit.」
The company describes the improvement in profit in the subdivision housing segment as resulting from the absence in the current fiscal year of the valuation loss impact from the previous fiscal year's flexible sales pricing and inventory adjustments. - FY2021AdvancedAnnual report
「The improvement in our financial position, including strengthening cash on hand through lower inventory levels and reducing interest-bearing debt, which had been targets since the beginning of the fiscal year, produced tangible results.」
The company describes specific results from reducing inventory levels through more flexible sales pricing: operating cash flow of ¥28,040 million, an increase in cash of ¥5,567 million, and a ¥17,430 million reduction in interest-bearing debt. - FY2021-Q3RestatedAnnual report
「Furthermore, in preparation for a future spread of COVID-19, we adopted a policy of strengthening cash on hand and reducing inventory risk, and, by implementing flexible pricing, including price reductions,」
We continue to pursue a policy of implementing flexible pricing, including price reductions, to strengthen cash on hand and reduce inventory risk in preparation for a potential spread of COVID-19. - FY2021-Q2RestatedAnnual report
「In preparation for a future spread of COVID-19, we adopted a policy of strengthening cash on hand and reducing inventory risk, and implemented flexible pricing, including price reductions,」
We continue to pursue a policy of implementing price reductions and other measures to strengthen cash on hand and reduce inventory risk in preparation for a potential spread of COVID-19. - FY2021-Q1First statedAnnual report
「In preparation for a potential second wave of COVID-19, we adopted a policy of strengthening cash on hand and reducing inventory risk, and implemented flexible pricing, including price reductions, for newly launched large-scale subdivision projects as well.」
In preparation for a second wave of COVID-19, the company describes implementing flexible pricing, including price reductions, for newly launched large-scale subdivision projects and used homes in order to strengthen cash on hand while reducing inventory risk.