Structural reform of the wedding printing business and voluntary retirement program
First written in FY2020. 13 of 19 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026.
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- FY2026AdvancedAnnual report
「As a result, revenue from this business was ¥13,875 million, down 5.8% year on year, while operating profit was ¥875 million, up 110.5% year on year, reflecting higher revenue in the newspaper field and the effectiveness of fixed-cost reduction measures implemented by the previous fiscal year as part of business-structure improvements in the wedding field, among other factors.」
While revenue declined as the market contracted, structural improvements and fixed-cost reduction measures in the wedding field took effect, resulting in operating profit of ¥875 million for the printing business, up 110.5% year on year. - FY2026-H1AdvancedAnnual report
「In this business, revenue in the newspaper sector increased due to an increase in the number of newspaper printing orders transferred from other companies' plants and price revisions. In the wedding sector, however, the number of wedding printing orders declined as the company reviewed its customer mix in response to the market's contractionary trend. As a result, revenue was ¥3,786 million, down 0.9% year on year, and the segment loss was ¥625 million, compared with a segment loss of ¥918 million in the previous fiscal year, as the business structure improvement measures implemented in the wedding printing business through the previous fiscal year proved effective, reducing fixed costs including personnel expenses.」
Cost reductions achieved through business-structure improvements implemented by the previous fiscal year took effect, reducing the printing business segment loss from ¥918 million in the same period of the previous year to ¥625 million. - FY2025AdvancedAnnual report
「In this business, affected by the market contraction in the printing industry, revenue was ¥14,734 million, down 3.1% year on year, mainly due to declines in newspaper circulation and the number of wedding printing orders. Segment profit was ¥415 million, up 190.6% year on year, due to reductions in fixed costs, including personnel expenses, resulting from business structure improvement.」
While lower demand for newspapers and weddings resulted in lower revenue, segment profit in the printing business increased 190.6% year on year to ¥415 million due to reductions in fixed costs resulting from business structure improvement. In addition, ¥62.488 million in enhanced retirement allowances and other costs for voluntary retirees was recorded as business structure improvement costs. - FY2025-H1AdvancedAnnual report
「Some subsidiaries recorded the expected amount of enhanced retirement allowances payable in connection with the voluntary retirement program undertaken as part of workforce optimization as an expense for the provision for business structure improvement. In this business, affected by the market contraction in the printing industry, revenue was ¥3,818 million, down 6.9% year on year, mainly due to declines in newspaper circulation and the number of wedding printing orders. The segment loss was ¥918 million, compared with a segment loss of ¥958 million in the previous fiscal year, due to reductions in fixed costs and other expenses.」
An expense for the provision for business structure improvement of ¥35.803 million was recorded for the expected enhanced retirement allowances payable in connection with the voluntary retirement program. The printing business recorded lower revenue, while the segment loss narrowed from the previous fiscal year due to reductions in fixed costs and other expenses. - FY2024AdvancedAnnual report
「Business structure improvement costs - ¥70.940 million Costs associated with disposing of unprofitable materials in the wedding printing business and closing sales offices have been recorded as business structure improvement costs under extraordinary losses.」
Business structure improvement costs of ¥70.940 million associated with disposing of unprofitable materials in the wedding printing business and closing sales offices were recorded under extraordinary losses. Segment profit in the printing business was ¥143 million, up 105.7% year on year. - FY2024-Q3AdvancedAnnual report
「In this business, revenue was ¥12,640 million, down 5.0% year on year, mainly because the number of orders for wedding printing and New Year's card printing declined due to market contraction and other factors. Segment profit was ¥298 million, up 12.0% year on year, due to lower utility expenses and other factors.」
While the decline in orders for wedding printing and New Year's card printing resulted in lower revenue, segment profit in the printing business increased 12.0% year on year due to lower utility expenses and other factors. - FY2024-Q2Continued decline in wedding orders and narrowing of printing business lossesAnnual report
「In this business, the number of wedding printing orders declined in the wedding sector and other factors resulted in revenue of ¥4,102 million, down 3.4% year on year. The segment loss was ¥958 million, compared with a segment loss of ¥993 million in the same quarter of the previous year, due to lower utility expenses and other factors.」
While the decline in wedding printing orders resulted in lower revenue, the segment loss narrowed from ¥993 million in the same quarter of the previous year to ¥958 million due to lower utility expenses and other factors. - FY2024-Q1Decline in wedding orders and narrowing of printing business lossesAnnual report
「In this business, the number of wedding printing orders declined in the wedding sector and other factors resulted in revenue of ¥2,077 million, down 2.4% year on year. The segment loss was ¥382 million, compared with a segment loss of ¥401 million in the same quarter of the previous year.」
The decline in wedding printing orders resulted in lower revenue, while the segment loss narrowed from ¥401 million in the same quarter of the previous year to ¥382 million. - FY2023Recovery in wedding orders and decline in printing business profitAnnual report
「In the printing business, the number of wedding printing orders, which had stagnated due to the spread of COVID-19, gradually recovered. However, the number of orders in the New Year's card sector gradually declined as the total number of New Year's postcards issued trended downward, while the newspaper sector was also affected by declines in newspaper circulation and the number of orders for other printed materials. Revenue was ¥15,980 million, down 1.2% year on year, and segment profit was ¥69 million, down 51.2% year on year, partly due to higher costs associated with soaring fuel prices.」
While wedding printing orders gradually recovered, the printing business recorded lower revenue and a substantial decline in profit due to shrinking demand for New Year's cards and newspapers and higher costs associated with soaring fuel prices and other factors. - FY2023-Q3Continued recovery in wedding orders and decline in printing business profitAnnual report
「In this business, the number of wedding printing orders, which had stagnated due to the spread of COVID-19, is showing signs of recovery. However, in New Year's card printing, the number of orders declined as the total number of cards issued fell, while the newspaper sector was also affected by declines in newspaper circulation and the number of orders for other printed materials. Revenue was ¥13,311 million, down 1.5% year on year, and segment profit was ¥266 million, down 31.9% year on year, due to higher costs associated with soaring fuel prices and other factors.」
While the number of wedding printing orders continued to recover, revenue and segment profit in the printing business fell below the previous year's levels due to lower demand in the New Year's card and newspaper sectors and higher costs associated with soaring fuel prices and other factors. - FY2023-Q2Expansion of printing business losses and continued recovery in wedding ordersAnnual report
「In this business, revenue in the newspaper sector declined due to decreases in newspaper printing circulation and the number of orders for other printed materials. In the wedding sector, the number of wedding printing orders, which had stagnated due to the spread of COVID-19, showed signs of recovery. As a result, revenue was ¥4,245 million, up 2.0% year on year, while the segment loss was ¥993 million, compared with a segment loss of ¥984 million in the same quarter of the previous year, due to higher costs associated with soaring fuel prices and other factors.」
While the number of wedding printing orders showed signs of recovery, the printing business's segment loss widened from ¥984 million in the same quarter of the previous year to ¥993 million due to higher costs associated with soaring fuel prices and other factors. - FY2023-Q1AdvancedAnnual report
「In this business, revenue in the newspaper sector declined due to a decrease in circulation and other factors. In the wedding sector, however, the number of wedding printing orders, which had stagnated due to the spread of COVID-19, showed signs of recovery. As a result, revenue was ¥2,127 million, up 1.5% year on year, and the segment loss was ¥401 million, compared with a segment loss of ¥412 million in the same quarter of the previous year.」
The number of wedding printing orders showed signs of recovery, and the segment loss narrowed from ¥412 million in the same quarter of the previous year to ¥401 million. - FY2022AdvancedAnnual report
「As a result, revenue was ¥16,180 million, down 0.4% year on year, while segment profit was ¥142 million, compared with a segment loss of ¥798 million in the previous fiscal year, due to reductions in fixed costs and other expenses.」
Despite continued challenging conditions in the wedding and New Year's card sectors, the printing business turned the previous year's segment loss into a ¥142 million profit through reductions in fixed costs and other expenses. - FY2021-Q3AdvancedAnnual report
「Business structure improvement costs - ¥131.869 million The amount of enhanced retirement allowances payable in connection with the voluntary retirement program undertaken as part of workforce optimization, and costs associated with closing sales offices, have been recorded as business structure improvement costs under extraordinary losses.」
Business structure improvement costs of ¥131.869 million associated with the voluntary retirement program and sales office closures were recorded under extraordinary losses, indicating that the structural reform measures have progressed to recognition of accounting expenses. - FY2021-Q2AdvancedAnnual report
「Enhanced retirement allowances payable mainly in connection with the voluntary retirement program undertaken as part of workforce optimization have been recorded as business structure improvement costs under extraordinary losses.」
In connection with structural reform of the wedding printing business, ¥130.135 million in business structure improvement costs, including enhanced retirement allowances related to the voluntary retirement program, was recorded under extraordinary losses. A provision of ¥1.258 million was also recorded for restoration costs associated with closing sales offices. - FY2021-Q1AdvancedAnnual report
「The expected amount of enhanced retirement allowances payable in connection with the voluntary retirement program undertaken as part of workforce optimization has been recorded as an expense for the provision for business structure improvement.」
The expected enhanced retirement allowances of ¥105.944 million associated with the voluntary retirement program were recorded as a provision for business structure improvement, indicating that measures for structural reform of the wedding business have progressed to recognition of an accounting provision. - FY2020First statedAnnual report
「Because the company's wedding business is expected to continue facing a challenging operating environment due to the declining birth rate and the trend toward fewer wedding guests, structural reform is urgently needed. As part of this effort, the company has decided to invite applications for voluntary retirement.」
The consolidated subsidiary Myprint disclosed, as a significant subsequent event after the submission of its plan, that it would invite approximately 60 regular employees aged 35 or older to apply for voluntary retirement, with 30 September 2020 as the retirement date, as part of structural reform of its wedding business.