In order to deal with the harsh business environment, including the increase in fuel costs as a result of the suspended operations of Shika Nuclear Power Station, we have been working to streamline our operations, through efforts such as reducing personnel expenses and miscellaneous costs, and revising the periodic inspection process for coal-fired power stations.
In addition to existing efforts, starting in FY2016, we have added new efforts for further streamlining, including a 7% reduction in material procurement prices and further reductions in personnel expenses.
In order to deal with the difficult circumstances surrounding revenue and expenses, we have established the Committee to Strengthen our Management Base, with the company president as the committee chair, and we are working to expand current measures and establish new ones, in order to streamline company-wide operations without any exceptions.
