Business Continuity and Cost Reduction During the COVID-19 Crisis
First written in FY2020. 7 of 14 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2024: 1 of 10 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Specifically, we are promoting the following measures with the aim of continuing the business and achieving subsequent recovery. ・Stable securing of working capital ・Operating extra and charter flights in response to increased demand ・Ongoing earnings improvement and productivity improvement initiatives」
The company advanced its response measures from an approach centered on reductions in service and cost reductions during the crisis to securing working capital, extra and charter flights in response to increased demand, earnings improvement, and productivity improvement. - FY2024-Q3AdvancedAnnual report
「Specifically, we are promoting the following measures with the aim of continuing the business and achieving subsequent recovery. ・Stable securing of working capital ・Operating extra and charter flights in response to increased demand ・Ongoing earnings improvement and productivity improvement initiatives」
In addition to the previous reductions in service and cost reduction measures during the crisis, the company specified the operation of extra and charter flights in response to increased demand, together with ongoing earnings improvement and productivity improvement, as business continuity and recovery measures. - FY2024-Q2AdvancedAnnual report
「Specifically, we are promoting the following measures with the aim of continuing the business and achieving subsequent recovery. ・Stable securing of working capital ・Operating extra and charter flights in response to increased demand ・Ongoing earnings improvement and productivity improvement initiatives」
In addition to the previous reductions in service and cost reduction measures during the crisis, the company is advancing the operation of extra and charter flights in response to increased demand, together with ongoing earnings improvement and productivity improvement, as specific response measures. - FY2024-Q1RestatedAnnual report
「To resolve these events or conditions, the company is working to improve earnings through thorough cost reduction initiatives and business structural reform. It is also promoting the following measures to stabilize its financial position, with the aim of continuing the business and achieving subsequent recovery. Business continuity measures ・Stable securing of working capital ・Establishing a flexible system that enables rapid production adjustments ・Earnings improvement and productivity improvement initiatives under a project-based structure」
The company is continuing a combination of measures comprising cost reductions, business structural reform, securing of working capital, flexible production adjustments, and earnings and productivity improvement. - FY2023AdvancedAnnual report
「Generating profits through revenue growth and strengthening financial soundness, developing and recruiting “THE STARFLYER talent,” promoting ESG management, expanding into new business domains, launching a project to promote business structural reform, and newly introducing environmentally friendly aircraft (Airbus A320neo aircraft)」
The scope of measures has expanded from cost reductions and business continuity measures during the infectious disease crisis to revenue growth, ESG, human resources, new businesses, structural reform, and the introduction of environmentally friendly aircraft under the Medium-Term Management Strategy 2025. - FY2023-Q3RestatedAnnual report
「Specifically, we are promoting the following measures with the aim of continuing the business and achieving subsequent growth. Business continuity measures ・Stable securing of working capital ・Establishing a production system in response to increases and decreases in demand (planned reductions and suspensions of service, temporary leave for employees, etc.) ・Establishing a flexible system that enables rapid production adjustments ・Measures to prevent the spread of infectious disease (systematic health management for all employees, implementation of telework, etc.) ・Earnings improvement and productivity improvement initiatives under a project-based structure」
The company is continuing business continuity measures combining the securing of working capital, production adjustments, health management and telework, and earnings and productivity improvement. - FY2023-Q1RestatedAnnual report
「Specifically, we are promoting the following measures with the aim of continuing the business and achieving subsequent recovery. ・Stable securing of working capital ・Establishing a production system in response to declining demand (planned reductions and suspensions of service, temporary leave for employees, etc.) ・Establishing a flexible system that enables rapid production adjustments ・Measures to prevent the spread of infectious disease (systematic health management for all employees, implementation of telework, etc.) ・Earnings improvement and productivity improvement initiatives under a project-based structure」
The company is continuing business continuity measures combining the securing of working capital, planned reductions and suspensions of service, flexible production adjustments, health management and telework, and earnings improvement. - FY2022-Q3RestatedAnnual report
「Since March 2020, we have sought to mitigate the impact on business performance by suspending and reducing domestic and international flights and continuing measures including thorough cost reductions.」
The company is continuing business continuity measures including reductions in domestic flights, suspensions of international flights, and thorough cost reductions. - FY2022-Q1AdvancedAnnual report
「Business continuity measures ・Stable securing of working capital ・Establishing a production system in response to declining demand (planned reductions and suspensions of service, temporary leave for employees, etc.) ・Establishing a flexible system that enables rapid production adjustments ・Measures to prevent the spread of infectious disease (systematic health management for all employees, implementation of telework, etc.) ・Earnings improvement and productivity improvement initiatives under a project-based structure」
In addition to the previous measures to secure funds, planned reductions and suspensions of service, health management, telework, and cost reductions, the company specified the establishment of a flexible system enabling rapid production adjustments and measures to improve earnings. - FY2021AdvancedAnnual report
「Although the outlook for bringing the novel coronavirus infectious disease under control remains uncertain, we are promoting company-wide structural reform that goes beyond the emergency measures centered on cost reductions, in order to continue operations under these circumstances and promptly launch the next medium-term management strategy.」
In addition to the previous reductions in service, suspensions of operations, telework, and cost reductions, the company is advancing company-wide business structural reform, expanding its business domains, and updating its plans with checkpoints. - FY2021-Q3RestatedAnnual report
「In FY2020, we identified business continuity as our top priority. While thoroughly implementing cost reductions based on a worst-case scenario, we will assess the recovery in demand, booking conditions, and the spread and containment of the infection, resume operations flexibly so as not to miss opportunities to improve earnings, and make internal preparations for recovery after the situation is brought under control, with the aim of transitioning to the full-scale rollout of the new medium-term management strategy.」
With business continuity as its top priority, the company is continuing cost reductions based on a worst-case scenario, the resumption of services in response to demand, and preparations for recovery after the infectious disease is brought under control. - FY2021-Q2RestatedAnnual report
「In FY2020, we identified business continuity as our top priority. While thoroughly implementing cost reductions based on a worst-case scenario, we will assess the recovery in demand, booking conditions, and the spread and containment of the infection, resume operations flexibly so as not to miss opportunities to improve earnings, and make internal preparations for recovery after the situation is brought under control, with the aim of transitioning to the full-scale rollout of the new medium-term management strategy.」
With business continuity as its top priority, the company is continuing cost reductions based on a worst-case scenario, the resumption of services in response to demand, and preparations for recovery after the situation is brought under control. - FY2021-Q1AdvancedAnnual report
「To resolve these events or conditions, the company will pursue measures including revenue improvement and cost reductions to stabilize its financial position. Specifically, we are promoting the following measures with the aim of continuing the business and achieving subsequent growth. Business continuity measures ・Stable securing of working capital ・Establishing a production system in response to declining demand (planned reductions and suspensions of service, temporary leave for employees, etc.) ・Measures to prevent the spread of infectious disease (systematic health management for all employees, implementation of telework, etc.) ・Cost reduction and productivity improvement initiatives under a project-based structure Management policy for fiscal 2020 During the first half of fiscal 2020, we will pursue thorough cost reductions based on a worst-case scenario while preparing internally for recovery after the situation is brought under control. We will respond flexibly and promptly while closely monitoring the status of the infectious disease, and transition to the full-scale rollout of the new medium-term management strategy.」
The company is continuing and elaborating on the business continuity measures presented in the previous fiscal year, promoting planned reductions and suspensions of service, temporary leave for employees, health management, telework, and cost reductions. It also presented its policy for responding to the worst-case scenario in the first half of fiscal 2020 and transitioning to the full-scale rollout of the new medium-term management strategy. - FY2020First statedAnnual report
「Business continuity initiatives • Early securing of working capital • Adjusting the production structure to declining demand, including planned flight reductions, suspensions and temporary employee leave • Measures to prevent the spread of infection, including organized health management for all employees and telework • Cost reduction and productivity improvement through a project-based structure During the first half of fiscal 2020, the Company will pursue thorough cost reductions based on a worst-case scenario while preparing internally for recovery after the pandemic subsides.」
The Company first presented a systematic package of business-continuity measures combining working-capital procurement, operating adjustments, health management, telework, cost reduction and productivity improvement in response to the sharp decline in demand.