Atsugi Plans Staff Reductions Amid Structural Reforms

TOKYO, Aug 03 (Pulse News Wire) – Atsugi CO.,LTD. (3529.T) announced personnel reductions at its subsidiary, YanTai ATSugi Footwear Co., Ltd., effective August 31, 2026.

The move aims to streamline operations and improve profitability amid changing demand conditions. The company's subsidiary, located in Yantai Economic Development Zone, Shandong Province, China, has been implementing automation measures since December 2024 to enhance productivity.

As part of ongoing structural reforms, the firm plans to reduce staff through voluntary retirement, targeting 120 employees. ATSugi anticipates recognizing approximately ¥211 million as special losses due to severance payments in the second quarter of its fiscal year ending March 2027.