Cost Reduction, Review of Unprofitable Businesses and Liquidity Preservation during COVID-19
First written in FY2020. 12 of 14 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2024: 1 of 10 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Although fuel prices and electricity rates remained high, the company returned to profitability as volumes increased in airport-related operations, while continuing to pursue improved profitability, a basic policy of the "New Medium-Term Management Plan: Fiscal Year Ending March 2023 to Fiscal Year Ending March 2025," launched in April 2022. As a result of pursuing appropriate pricing, greater operating efficiency and other measures, operating income was ¥16,634 million, up 25.6% year on year」
Despite rising costs, operating income increased 25.6% year on year, driven by the return to profitability in airport-related operations, appropriate pricing and greater operating efficiency. - FY2024-Q3AdvancedAnnual report
「Although fuel prices and electricity rates remained high, the company continued to pursue improved profitability, a basic policy of the "New Medium-Term Management Plan: Fiscal Year Ending March 2023 to Fiscal Year Ending March 2025," launched in April 2022, in addition to improving profitability mainly in airport-related operations. As a result of pursuing appropriate pricing, greater operating efficiency and other measures, operating income was ¥13,253 million, up 22.9% year on year, ordinary income was ¥13,450 million, up 15.7%, and net income attributable to owners of the parent was ¥8,559 million, up 23.6%.」
As part of the new medium-term management plan's profitability improvement measures, the company continued to pursue appropriate pricing and greater operating efficiency, achieving a 22.9% increase in operating income and a 15.7% increase in ordinary income. - FY2024-Q2AdvancedAnnual report
「The company continued to pursue improved profitability, a basic policy of the "New Medium-Term Management Plan: Fiscal Year Ending March 2023 to Fiscal Year Ending March 2025," launched in April 2022. As a result of pursuing appropriate pricing, greater operating efficiency and other measures, operating income was ¥8,180 million, up 10.9% year on year, ordinary income was ¥8,712 million, up 4.6%, and net income attributable to owners of the parent was ¥5,532 million, up 7.5%.」
As part of the new medium-term management plan's profitability improvement measures, the company continued to pursue appropriate pricing and greater operating efficiency, resulting in a 10.9% increase in operating income, a 4.6% increase in ordinary income and a 7.5% increase in quarterly net income attributable to owners of the parent. - FY2023-Q3AdvancedAnnual report
「In terms of profit, despite higher fuel prices and utility costs such as electricity and gas, the Company worked to improve profitability, a basic policy of the “New Medium-Term Management Plan: Fiscal Years Ending March 2023 to March 2025,” launched in April this fiscal year, in addition to the effect of higher revenue, and advanced the collection of appropriate unit prices and greater operating efficiency. As a result, operating income was ¥10,781 million, up 26.5% year on year, and ordinary income was ¥11,624 million, up 20.3% year on year.」
As part of efforts to improve profitability under the new medium-term management plan, the company pursued appropriate pricing and greater operating efficiency, resulting in a 26.5% increase in operating income and a 20.3% increase in ordinary income. - FY2023-Q2AdvancedAnnual report
「The Company worked to improve profitability, a basic policy of the “New Medium-Term Management Plan: April 2022 to March 2025,” launched in April this fiscal year, and advanced the collection of appropriate unit prices and greater operating efficiency. As a result, operating income was ¥7,378 million, up 38.5% year on year, and ordinary income was ¥8,326 million, up 36.1%.」
As part of the New Medium-Term Management Plan’s initiatives to improve profitability, the Company continued to collect appropriate unit prices and improve operating efficiency, resulting in operating income increasing 38.5% and ordinary income increasing 36.1% year on year. - FY2023-Q1AdvancedAnnual report
「The Company worked to improve profitability, a basic policy of the “New Medium-Term Management Plan: Fiscal Years Ending March 2023 to March 2025,” launched in April this fiscal year, and advanced the collection of appropriate unit prices and greater operating efficiency. As a result, operating income was ¥3,441 million, up 12.2% year on year, and ordinary income was ¥3,967 million, up 12.8%.」
As part of the New Medium-Term Management Plan’s initiatives to improve profitability, the Company advanced the collection of appropriate unit prices and greater operating efficiency, resulting in operating income increasing 12.2% and ordinary income increasing 12.8% year on year. - FY2022-Q3AdvancedAnnual report
「In terms of profit, in addition to the effect of a substantial increase in revenue, after considering the impact of the Revenue Recognition Standard, up ¥14,555 million, or 6.6%, the Company advanced initiatives under the “Structural Reform Plan,” launched last spring, and the “Fiscal Year Ending March 2022 Policy: Improving Profit Margins,” launched in April this fiscal year, as well as staff redeployment, including the development of a multiskilled workforce, the collection of appropriate unit prices and greater operating efficiency. Operating income was ¥8,523 million, up 131.5% year on year. Despite a decrease in employment adjustment subsidies recorded, among other factors, ordinary income was ¥9,661 million, up 21.2%, and quarterly net income attributable to owners of the parent was ¥7,110 million, up 43.6%, partly due to the sale of cross-shareholdings.」
Under the Structural Reform Plan and the fiscal year ending March 2022 policy, the Company advanced staff redeployment, including the development of a multiskilled workforce, the collection of appropriate unit prices and greater operating efficiency, demonstrating substantial improvement in operating income and other measures. - FY2022-Q2AdvancedAnnual report
「In terms of profit, in addition to the effect of a substantial increase in revenue, the Company’s implementation of the “Structural Reform Plan,” launched last spring, and the “Fiscal Year Ending March 2022 Policy: Improving Profit Margins,” launched in April this year, advanced staff redeployment, including the development of a multiskilled workforce, the collection of appropriate unit prices and greater operating efficiency. Operating income was ¥5,325 million, up 235.7% year on year, ordinary income was ¥6,115 million, up 40.8%, and quarterly net income attributable to owners of the parent was ¥4,390 million, up 56.1%.」
Under the Structural Reform Plan and the fiscal year ending March 2022 policy, the Company advanced staff redeployment, including the development of a multiskilled workforce, the collection of appropriate unit prices and greater operating efficiency, demonstrating substantial improvement in operating income and other measures. - FY2022-Q1AdvancedAnnual report
「In addition to the impact of higher revenue, the Company’s implementation of the “Structural Reform Plan,” launched in February last year, and the “Fiscal Year Ending March 2022 Policy: Improving Profit Margins,” launched in April this year, led to staff redeployment, including the development of a multiskilled workforce, the collection of appropriate unit prices and greater operating efficiency. As a result, operating income was ¥3,065 million, up 284.4% year on year, ordinary income was ¥3,515 million, up 148.0%, and quarterly net income attributable to owners of the parent was ¥2,733 million, up 175.1%.」
Under the Structural Reform Plan and the fiscal year ending March 2022 policy, the Company advanced staff redeployment, including the development of a multiskilled workforce, the collection of appropriate unit prices and greater operating efficiency, resulting in operating income and other measures substantially exceeding the prior-year period. - FY2021AdvancedAnnual report
「For profit improvement businesses, the Company will fundamentally review unprofitable operations, including by charging appropriate prices, withdraw from or sell low-profit businesses that lack strategic value, and tighten its investment criteria to improve capital efficiency.」
Regarding structural reforms during COVID-19, the Company announced fundamental reviews of unprofitable operations, withdrawals from and sales of low-profit businesses, and stricter investment criteria, and has moved into the implementation stage. - FY2021-Q3AdvancedAnnual report
「This is the third year of the current medium-term management plan, “Building a Solid Foundation.” Assuming that the challenging operating environment will continue for the time being, the Company is fostering a shared sense of urgency across all divisions, implementing its publicly announced structural reform plan, and improving its business structure so that it can achieve a certain profit margin. To make these initiatives more concrete, all divisions have now begun formulating the “next-year plan.”」
Regarding management reforms during COVID-19, all divisions have developed a shared sense of urgency and moved to the implementation stage of the publicly announced structural reform plan. The Company has also begun formulating the next-year plan across all divisions. - FY2021-Q2RestatedAnnual report
「This is the third year of the current medium-term management plan, “Building a Solid Foundation.” Assuming that the challenging operating environment will continue for the time being, the Company is working to improve its business structure so that it can generate a certain level of profit.」
Assuming that the challenging operating environment will continue, the Company continues to improve its business structure so that it can secure a certain level of profit. - FY2021-Q1AdvancedAnnual report
「This is the third year of the current medium-term management plan, “Building a Solid Foundation,” but in light of the challenging operating environment, the Company has further strengthened its management reforms aimed at reducing costs and improving capital efficiency. Specifically, it has classified its businesses into 3 groups: core businesses, profit improvement businesses and growth businesses, and is pursuing initiatives tailored to the issues facing each group.」
During COVID-19, the Company strengthened management reforms aimed at reducing costs and improving capital efficiency, classified its businesses into 3 groups—core, profit improvement and growth—and is pursuing initiatives accordingly. - FY2020First statedAnnual report
「Against this backdrop, to further strengthen its operating base, the Group will make every effort to implement thorough cost reductions, review unprofitable businesses and investment plans, and secure sufficient on-hand liquidity.」
In response to the increased uncertainty caused by COVID-19, the Company identified cost reductions, reviews of unprofitable businesses and investment plans, and securing on-hand liquidity as new urgent issues requiring action.