Improving Profitability Through Cost Reduction
First written in FY2021-Q2. 6 of 8 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2023-Q3.
- FY2023-Q3DroppedAnnual report
「Operating income was ¥38,306 million, down 8.6% year on year, due to lower sales volume and higher costs related to the introduction of the new core system」
The current quarterly report contains no reference to the cost reduction and earnings improvement measures previously disclosed, and instead cites lower sales volume and higher costs related to the introduction of the new core system as factors behind the decline in operating income. - FY2022AdvancedAnnual report
「As a result, consolidated net sales were ¥366,160 million, up 17.8% year on year. In terms of earnings, the expansion in sales, the effects of earnings improvement measures and foreign exchange effects resulted in operating income of ¥52,210 million, up 92.0% year on year, ordinary income of ¥52,500 million, up 93.1%, and net income attributable to owners of the parent of ¥37,557 million, up 119.1%」
Operating income increased 92.0% year on year and net income increased 119.1% as a result of the earnings improvement measures continued from the previous fiscal year and the recovery in sales. - FY2022-Q3AdvancedAnnual report
「In terms of earnings, the expansion in sales and the continued effects of earnings improvement measures resulted in operating income of ¥41,898 million, up 139.0% year on year, ordinary income of ¥42,035 million, up 140.8%, and net income attributable to owners of the parent of ¥29,903 million, up 145.4%」
Operating income increased 139.0% year on year as a result of the expansion in sales and the continued effects of earnings improvement measures, indicating progress in earnings improvement. - FY2022-Q2AdvancedAnnual report
「In terms of earnings, the recovery in sales and the effects of earnings improvement measures that have continued since the previous fiscal year resulted in operating income of ¥28,494 million, up 212.2% year on year」
Operating income increased 212.2% year on year as a result of the effects of earnings improvement measures continued from the previous fiscal year and the recovery in sales. - FY2022-Q1AdvancedAnnual report
「In terms of earnings, the recovery in sales, the effects of measures undertaken last fiscal year to improve the earnings structure, and the continuation of earnings improvement measures in the current fiscal year resulted in operating income of ¥14,367 million, up 245.4% year on year, ordinary income of ¥14,436 million, up 250.0%, and net income attributable to owners of the parent of ¥10,599 million, up 247.9%.」
Operating income increased 245.4% year on year as a result of the earnings-structure improvements made last fiscal year and the continuation of earnings improvement measures in the current fiscal year. - FY2021AdvancedAnnual report
「Meanwhile, earnings increased as a result of the earnings improvement measures. Operating income was ¥27,199 million, up 15.1% year on year.」
Operating income increased 15.1% year on year as a result of earnings improvement measures, including a fundamental review of inefficient operations, narrowing the range of products and services, and price adjustments. - FY2021-Q3AdvancedAnnual report
「In terms of earnings, although lower sales had a significant impact, thorough cost reductions resulted in operating income of ¥17,533 million, down 3.2% year on year, ordinary income of ¥17,459 million, down 1.1%, and net income attributable to owners of the parent of ¥12,183 million, down 5.7%.」
Thorough cost reductions limited the year-on-year decline in consolidated operating income to 3.2%, and the disclosure describes the effects of the cost reduction measures. - FY2021-Q2First statedAnnual report
「Although we worked to reduce costs, due to the impact of lower sales」
The Company independently disclosed for the first time that it had undertaken cost reductions in response to the impact of lower sales on earnings.