Company-Wide Cost Controls and Remote Work in Preparation for the Spread of Infectious Disease
First written in FY2021-Q1. 5 of 9 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 1 of 10 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「To address the prolonged impact of COVID-19, the Group has implemented measures including reorganizing its businesses, reforming the business structure of its core commercially published books business, streamlining and improving operational efficiency through DX, and making effective use of assets held by the Group.」
The Company reconfirmed that it had responded to the COVID-19 pandemic by implementing business reorganization, structural reforms in the publishing business, operational efficiency gains through DX, and effective utilization of owned assets. - FY2024-Q1RestatedAnnual report
「To address the prolonged impact of COVID-19, the Group has implemented measures including reorganizing the Group’s businesses, reforming the business structure of its core commercially published books business, streamlining and improving operational efficiency through DX, and making effective use of assets held by the Group.」
The Company reconfirmed that it had responded to the COVID-19 pandemic by implementing business reorganization, structural reforms in the publishing business, rationalization and efficiency gains through DX, and effective utilization of owned assets. - FY2023-Q1RestatedAnnual report
「In response to the prolonged COVID-19 pandemic, the Group implemented business reorganizations and, particularly in the commercial publishing business, business structural reforms. It is also actively introducing and leveraging DX throughout the Group as a strategy to capture new revenue opportunities and achieve cost reductions through further rationalization and efficiency gains in operations.」
The Group continues to pursue business reorganization and structural reforms, together with a policy of using group-wide DX to capture revenue opportunities, improve operational efficiency, and reduce costs. - FY2022AdvancedAnnual report
「In the commercial publishing business, after consolidating sales and logistics bases, the Company solicited applications for voluntary retirement to optimize its workforce in line with its business strategy, as announced on 11 January 2022 in the Notice Regarding the Solicitation of Applicants for Voluntary Retirement at a Consolidated Subsidiary,」
The Company advanced structural cost reforms through group-wide DX, remote work, and cost management, as well as the consolidation of sales and logistics bases in the commercial publishing business and the solicitation of applications for voluntary retirement. - FY2022-Q2RestatedAnnual report
「In response to the prolonged impact of the COVID-19 pandemic on the business environment, the Group is actively introducing and leveraging DX. Previously limited to localized initiatives such as promoting remote work, DX is now being pursued across all business areas throughout the Group as a strategy to capture new revenue opportunities, strengthen existing revenue streams, and achieve further cost reductions through the rationalization and efficiency gains of back-office operations.」
The Group continues to pursue a strategy of using DX across the Group and in all business areas to capture revenue opportunities, strengthen existing revenue streams, and improve the efficiency of back-office operations. - FY2021AdvancedAnnual report
「Accordingly, we introduced an active remote-work structure throughout the group and worked to reduce costs by reviewing the planned number of publications and print runs of commercial publications in line with market needs, while strengthening our lineup of practical books and map products designed for enjoyment at home. We also implemented measures to compress fixed costs as much as possible, including consolidating and reorganizing certain overseas bases and keeping business activities at local activity facilities to the minimum necessary.」
Throughout the year, the company implemented group-wide remote work, shifted the content mix toward publications for home use, scrutinized the number of titles and copies published, consolidated overseas offices, and scaled back facility operations. - FY2021-Q3RestatedAnnual report
「Accordingly, we introduced an active remote-work structure throughout the group and worked to reduce costs by reviewing the planned number of publications and print runs of commercial publications in line with market needs, while strengthening our lineup of practical books and map products designed for enjoyment at home. We also compressed fixed costs by keeping staffing levels and daily business activities at overseas bases, particularly local activity facilities, to the minimum necessary.」
Cost controls through company-wide remote work, review of publication titles and print runs, and scaled-back operations at overseas facilities have continued. - FY2021-Q2AdvancedAnnual report
「In the in-destination and tourism businesses, cross-border travel by tourists has been restricted and business activities have effectively been forced to cease. Accordingly, we have kept daily operations to the minimum necessary and compressed fixed costs by bringing development in-house, while continuing measures such as system improvements, expanded integration with OTAs (online travel agencies) and strengthened marketing in preparation for the resumption of operations.」
As measures to compress fixed costs, we scaled back operations in the in-destination and tourism businesses and brought development in-house, while continuing system improvements, OTA integration and strengthened marketing. - FY2021-Q1First statedAnnual report
「In these circumstances, while transitioning to the holding company structure that had been planned for some time, our group has prioritized implementing stricter cost controls across all business areas and securing as much liquidity on hand as possible in preparation for the sharp economic slowdown caused by the spread of the infectious disease. We have also introduced an active remote-work structure, particularly for sales activities, worked to reduce costs by reviewing the planned number of publications and print runs of commercial publications in line with market needs, and taken measures to compress fixed costs by keeping staffing levels and daily operations at overseas bases, particularly local activity facilities, to the minimum necessary.」
To respond to the sharp slowdown caused by the infectious disease, new measures have been implemented, including company-wide cost management, securing liquidity on hand, shifting sales activities to remote work, reviewing publication volumes and reducing staffing and operations at overseas facilities.