Damage Caused by Equipment Troubles
First written in FY2017-Q2. 6 of 10 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2025-H1.
Seihyo moved to the "Worse" side of this theme in 2016, 5 years before the typical company in this theme (2021).
The whole theme swung hardest in 2021: 5 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「At the production plants, the effects of cost-reduction initiatives have begun to emerge gradually, including improved yield rates and fewer production problems at the Niigata plant, which manufactures ice cream products.」
The disclosure states that problems with equipment and production at the Niigata Plant that occurred in the past had decreased and yield rates had improved, indicating progress in reducing their impact. - FY2023-Q3MaterialisedAnnual report
「Manufacturing losses occurred due to defects during the replacement of production equipment and machinery problems during the third-quarter accounting period at the Niigata Plant, which manufactures ice cream products,」
Defects during equipment replacement and machinery problems during the third-quarter accounting period occurred at the Niigata Plant, putting pressure on profits through manufacturing losses. - FY2023-Q2MaterialisedAnnual report
「Although the Company worked to control other operating expenses in response to higher selling expenses and freight costs accompanying increased sales of ice cream products, soaring raw material prices and energy costs and manufacturing losses caused by defective products generated during the replacement of production equipment at the Niigata Plant, which manufactures ice cream products,」
The disclosure states that defective products were generated during the replacement of production equipment at the Niigata Plant, causing equipment-related losses that put pressure on profits through manufacturing losses. - FY2019-Q2MitigatedAnnual report
「The operating rate at the Niigata Plant improved steadily and productivity increased as a result of strengthened machinery maintenance on the production lines,」
The disclosure states that strengthening machinery maintenance on the production lines led to steady operating rates and productivity at the plant after the equipment problems that had occurred in the past. - FY2018-Q3WorsenedAnnual report
「However, the operating rate declined as a result of the partial suspension of operations due to machinery problems at the Niigata Plant during the first-quarter accounting period, a decline in sales of high-margin ice products due to unfavourable summer weather during the second-quarter accounting period, and repairs necessitated by ageing equipment at the Niigata Plant during the third-quarter accounting period, together with the resulting partial suspension of operations. Consequently, for the nine-month period ended 31 December, net sales were ¥3,072 million, compared with ¥3,146 million in the same period of the previous year, operating loss was ¥11 million, compared with operating income of ¥58 million, ordinary income was ¥16 million, compared with ordinary income of ¥77 million, and quarterly net income was ¥24 million, compared with quarterly net income of ¥60 million.」
In addition to the earlier machinery problems, repairs due to ageing equipment and a partial suspension of operations occurred during the third quarter, leading to a lower operating rate and an operating loss. - FY2018-Q2MaterialisedAnnual report
「In terms of income and expenses, in addition to the partial suspension of plant operations due to repair work for machinery problems that occurred at the end of the previous fiscal year, sales of high-margin ice products declined in the first quarter due to unfavourable summer weather,」
The partial suspension of plant operations due to repair work for machinery problems that occurred at the end of the previous fiscal year continued to affect the first quarter. In addition, ¥7.621 million in insurance compensation for losses from manufacturing problems was recorded. - FY2018-Q1MaterialisedAnnual report
「In terms of income and expenses, although efforts were made to reduce losses at the manufacturing plants, operating income was an operating loss of ¥26 million, compared with operating income of ¥4 million in the same period of the previous year, as repair work and other tasks related to machinery problems that occurred in the previous fiscal year led to a partial suspension of plant operations.」
Repair work and other tasks related to machinery problems that occurred in the previous fiscal year continued during the quarter, leading to a partial suspension of plant operations and an operating loss. - FY2017MaterialisedAnnual report
「However, during the fourth-quarter accounting period, machinery problems at the Niigata Plant occurred in succession, resulting in a large volume of product inspections and disposals. As personnel were allocated to repair work and other tasks, plant operations declined.」
Equipment problems occurred in succession during the fourth quarter, resulting in large-scale inspections and disposals and a decline in plant operations. - FY2017-Q3RestatedAnnual report
「Insurance proceeds represent insurance compensation for losses arising from equipment problems.」
The Company continues to disclose the recognition of ¥4.873 million in insurance compensation for equipment problems. - FY2017-Q2MaterialisedAnnual report
「Insurance proceeds represent insurance compensation for losses arising from equipment problems.」
Equipment problems caused losses, and insurance proceeds of ¥4.873 million were recorded as non-operating income to compensate for them.