Structural Reform of the Textile Business Through the Suspension of Operations at Marugame Plant and Consolidation at Anjo Plant
First written in FY2020-Q3. 7 of 11 entries say "Advanced", first in FY2020. Latest entry: 2026-08-07.
1 other company's latest entry also says "Advanced".
- 2026-08-07AdvancedEarnings
「In uniforms, as part of structural reform, the Company withdrew from fabric sales by its Indonesian subsidiary. However, sales of flame-retardant materials such as "BREVANO" remained steady, and the "Smartfit" management system for reducing risks in hot environments also acquired new customers, resulting in higher sales.」
The structural reform of the Textiles business included the specific measure of withdrawing from fabric sales by the Indonesian subsidiary, while efforts to expand flame-retardant materials and Smartfit were also indicated. - FY2026AdvancedAnnual report
「In addition to transferring production overseas following the closure of the Anjo Plant, the Group will build a competitive global supply chain, including by relocating the plant of its Indonesian subsidiary, and promote structural business reforms, such as reviewing its systems for production and procurement in optimal locations and its sales and development structures.」
Following the reforms at the Marugame and Anjo plants, the Company outlined the next phase of structural reform, including the transfer of operations overseas after the closure of the Anjo plant and the relocation of the plant in Indonesia. - FY2026-H1AdvancedAnnual report
「As a result, net sales were ¥22.1 billion, down 6.4% year on year, while operating loss was ¥520 million, compared with operating profit of ¥30 million in the same period of the previous year, partly due to the recognition of abnormal operating expenses associated with the closure of the Anjo plant.」
With respect to structural reform in the Textile Business, abnormal operating expenses associated with the closure of the Anjo plant were recognized in performance, showing the next phase of structural reform in the results. - FY2022RestatedAnnual report
「Business structure improvement expenses comprise the following costs related to the closure of the Company's Marugame plant and the plants of its consolidated subsidiaries, as part of structural reform in the Textile Business.」
¥129 million in business structure improvement expenses related to the closure, dismantling and relocation of equipment at the Marugame plant and other facilities was recognized, and measures related to the structural reform are continuing. - FY2022-Q3RestatedAnnual report
「Business structure improvement expenses ※2 120 Business structure improvement expenses comprise costs including the relocation of equipment associated with the closure of the Company's Marugame plant and Sapucaia plant of its consolidated Brazilian subsidiary, as part of structural reform in the Textile Business.」
Recognition of structural reform expenses, including equipment relocation costs associated with the closure of the Marugame and Sapucaia plants, has continued. - FY2022-Q2AdvancedAnnual report
「Business structure improvement expenses 290 103」
¥103 million in business structure improvement expenses, including equipment relocation costs associated with the closure of the Marugame plant and the Sapucaia plant in Brazil, was recognized, and measures related to the structural reform are continuing. - FY2022-Q1RestatedAnnual report
「Business restructuring costs comprise expenses such as equipment relocation related to the closure of the company's Marugame Plant in connection with structural reform of the textile business and the Sapucaia Plant of its consolidated subsidiary in Brazil.」
¥96 million in structural reform expenses, including equipment relocation costs associated with the closure of the Marugame and Sapucaia plants, was recognized, and structural reform related to the plant closures is continuing. - FY2021-Q3AdvancedAnnual report
「Business structure improvement expenses - ※1 506 Business structure improvement expenses comprise costs including the relocation of equipment associated with the closure of the Company's Marugame plant and Sapucaia plant of its consolidated Brazilian subsidiary, as part of structural reform in the Textile Business.」
¥506 million in business structure improvement expenses, including equipment relocation costs associated with the closure of the Marugame and Sapucaia plants, was recognized for the nine months ended Q3. - FY2021-Q1AdvancedAnnual report
「Business restructuring costs comprise expenses such as equipment relocation related to the closure of the company's Marugame Plant in connection with structural reform of the textile business and the Sapucaia Plant of its consolidated subsidiary in Brazil.」
¥175 million was recognized as business structure improvement expenses for costs including the relocation of equipment associated with the closure of the Marugame and Sapucaia plants. - FY2020AdvancedAnnual report
「As part of the structural reforms being pursued to improve profitability in the textile business, the company suspended operations at the Marugame Plant effective 31 March 2020.」
Operations at the Marugame Plant were suspended on 31 March 2020. The company expects approximately ¥900 million in business restructuring costs from the following fiscal year onward, mainly for building demolition and equipment relocation. - FY2020-Q3First statedAnnual report
「To transition the textile business to higher value-added operations and establish a globally oriented production system, the company resolved at a Board of Directors meeting held on 22 January 2020 to suspend operations at the Marugame Plant effective 31 March 2020 and consolidate its domestic production facilities at the Anjo Plant. Going forward, the company will promote the transformation into smart factories and make maximum use of overseas production bases to further strengthen its development capabilities and cost competitiveness and rebuild the textile business's earnings base. Overview of the Marugame Plant: Location: 1-8-1 Shioya-cho, Marugame, Kagawa; site area: approximately 57,000 m²; business: spinning cotton and blended yarn; equipment: 20,584 spindles; employees: 83 (as of 31 December 2019, including contract and part-time employees).」
At a Board of Directors meeting held on 22 January 2020, the company resolved to suspend operations at the Marugame Plant effective 31 March 2020 and consolidate its domestic production facilities at the Anjo Plant. It also outlined plans to rebuild the textile business's earnings base by transforming facilities into smart factories, using overseas production bases and strengthening development capabilities and cost competitiveness.