Structural Reform and Strengthening Earnings Power Based on the New Normal
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 3 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Based on the assumption that lifestyles will not fully return to pre-pandemic patterns, given the shift to telework and the establishment of e-commerce following the spread of COVID-19, we will pursue structural reforms centered on reducing fixed costs in each business and reviewing the business portfolio, while formulating and implementing measures to strengthen earning power by capturing new needs arising from living with COVID-19 and leveraging the rapid progress of digitalization.」
Continues to position reductions in fixed costs, portfolio review, the capture of new demand and strengthening earning power through digitalization, based on the new normal, as key strategies. - FY2022First statedAnnual report
「Based on the assumption that lifestyles will not fully return to pre-pandemic patterns, given the shift to telework and the establishment of e-commerce following the spread of COVID-19, we will pursue structural reforms centered on reducing fixed costs in each business and reviewing the business portfolio, while formulating and implementing measures to strengthen earning power by capturing new needs arising from living with COVID-19 and leveraging the rapid progress of digitalization.」
In Vision 2030 and the Sixth Medium-Term Management Plan, for the first time explicitly presented reductions in fixed costs, portfolio review, the capture of new demand and digitalization as an integrated structural reform based on post-pandemic lifestyles.