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Hiroshima Electric Railway (9033) · InitiativeRestated

Improving the profitability of the airline agency business through temporary employee furloughs

First written in FY2022-Q2. 3 of 4 entries say "Restated". Latest entry: FY2023-Q2.

4entries
2years
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ProgressHeldSoftenedWorseRestatedFY2022-Q2 – FY2023-Q22021: 120212022: 32022
Same theme, other companies
Reducing Labor Costs Through Temporary Leave and Lower Director CompensationA theme 2 companies write about · 0 as a headwind · 2 as a tailwind

0 other companies' latest entry also says "Restated".

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Full recordFilings, disclosures and news, newest first
  1. FY2023-Q2RestatedAnnual report

    「In the airline agency business, as airlines continued to suspend and reduce flights and use smaller aircraft due to the spread of COVID-19, we continued maintaining our operating structure in preparation for the planned resumption of some international flights in January 2023. We also worked to improve profitability by implementing temporary employee furloughs and other measures.」

    Amid continued flight suspensions and reductions and the use of smaller aircraft, the company continues to maintain its operating structure in preparation for the planned resumption of some international flights in January 2023, while improving profitability through temporary employee furloughs.
  2. FY2023-Q1RestatedAnnual report

    「In the airline agency business, as airlines continued to suspend and reduce flights due to the spread of COVID-19, we deferred new graduate recruitment, while working to maintain our operating structure by accepting employees on secondment and through other measures. We also worked to improve profitability by implementing temporary employee furloughs and other measures.」

    Amid continued flight suspensions and reductions by airlines, the company continues to maintain its operating structure and improve profitability by deferring new graduate recruitment, accepting employees on secondment, and implementing temporary employee furloughs.
  3. FY2022-Q3RestatedAnnual report

    「Although flight cancellations and reductions in service by airlines have continued since the spread of COVID-19, the company worked to improve earnings by continuing temporary employee leave and other measures. Despite the limited number of operating flights, it also worked to maintain operational qualifications and its operating structure by providing on-the-job training at check-in counters and in departure lounges.」

    Temporary furloughs continue, while the company works to maintain its operating structure despite the low number of flights through on-the-job training and renewal of job qualifications.
  4. FY2022-Q2First statedAnnual report

    「In the airline agency business, flights suspended or reduced by airlines have continued since the spread of COVID-19, but we worked to improve profitability by implementing temporary employee furloughs and other measures.」

    Amid continued flight suspensions and reductions by airlines, the company implemented temporary employee furloughs as a measure to improve profitability, disclosed here for the first time.
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Hiroshima Electric Railway's next results are scheduled for 2026-11-13. Read the earnings preview
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Improving the profitability of the airline agency business through temporary employee furloughs | Hiroshima Electric Railway Co.,Ltd. (9033) | Komori