COVID-19 Infection Prevention, Surveys of Business Partner Trends, and Expense Reduction
First written in FY2021-Q1. 2 of 6 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2024: 1 of 10 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Group has worked to adjust supply and demand between partner companies and customers, while also pursuing the two basic themes of the Medium-Term Management Plan 2022, formulated to create a sustainable competitive advantage: “Refine differentiated technologies and cost competitiveness” and “Take on the challenge of building new business models.”」
Efforts to adjust supply and demand as a response to the infectious disease and efforts addressing the two themes of the Medium-Term Management Plan 2022 continued on an annual basis. - FY2022-Q1ReframedAnnual report
「Against this backdrop, our group worked to adjust supply and demand between partner manufacturers and customers, while pursuing the 2 basic themes of Medium-Term Management Plan 2022, established to create a sustainable competitive advantage: refining differentiated technologies and cost competitiveness, and pursuing the construction of a new business model.」
In addition to the previous measures centered on infection prevention, expense reductions and investigations into business partners' trends, the Company presented supply-demand adjustment between cooperating manufacturers and customers as a specific response. - FY2021AdvancedAnnual report
「If COVID-19 fails to subside and the infection spreads further, stagnation in domestic and overseas production activities may affect the Group's business performance. In response to this risk, we will thoroughly implement infection-prevention measures such as wearing masks, gargling and disinfecting hands to prevent the spread of infection, and will resume expense-reduction activities as an emergency measure.」
The resumption of infection-prevention measures and expense reductions was organized as a specific response to the infectious disease risk as of the fiscal year-end. The amount of employment adjustment subsidies and other subsidies received, ¥75 million, was also disclosed. - FY2021-Q3AdvancedAnnual report
「Special measures such as employment adjustment subsidies were applied to leave allowances and other payments made when operations were suspended due to the effects of COVID-19, and the subsidy amount of ¥67 million was deducted from selling, general and administrative expenses and current manufacturing costs.」
The application of special measures such as employment adjustment subsidies to leave allowances and other payments was disclosed as a specific response to the infectious disease, with ¥67 million deducted from expenses. - FY2021-Q2RestatedAnnual report
「Against this backdrop, our group worked to prevent COVID-19 infections, surveyed business partners' trends, including changes in production plans and supply chains, reduced expenses, pursued the 2 themes set out as the basic policies of Medium-Term Management Plan 2022, namely refining differentiated technologies and cost competitiveness and pursuing the construction of a new business model, and worked on the withdrawal from the Mexico manufacturing business announced on 16 June 2020.」
Measures addressing infectious diseases, consisting of infection prevention, investigations into business partners' production plans and supply chains, and expense reductions, continued to be presented from the previous quarter. - FY2021-Q1First statedAnnual report
「Against this backdrop, our group worked to prevent the spread of COVID-19, surveyed business partners' trends, including changes in production plans and supply chains, and reduced expenses, while pursuing the 2 themes set out as the basic policies of Medium-Term Management Plan 2022: refining differentiated technologies and cost competitiveness, and pursuing the construction of a new business model.」
A set of measures addressing infectious diseases, combining the prevention of their spread, investigations into business partners' production plans and supply chains, and expense reductions, was presented for the first time as a specific initiative.