Structural reform of the electronics segment and review of the production system
First written in FY2017-Q2. 18 of 25 entries say "Advanced", first in FY2017. Latest entry: 2026-10-02.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Revenue from the Electronics business was ¥24,332 million, up 23.4% from the previous consolidated fiscal year. Operating profit was ¥4,525 million, up 68.5% from the previous consolidated fiscal year.」
Full-year improvement in the Electronics business’s profitability progressed through a focus on high-value-added products following the structural reforms, orders for servers used in generative AI, recovering demand for general-purpose servers, and manufacturing cost reductions at the Philippines plant. - 2026-05-27AdvancedGeneral Meetings of Shareholders
「In the Electronics segment, we will proceed as planned with investments to expand capacity at the Kawama and Ono plants, while maximizing production volumes at existing plants, in order to respond to changes in the market environment and reliably capture demand in growth markets centered on AI applications.」
Following structural reform in the Electronics segment, the Company specifically described maximizing production volumes and investing to expand capacity as part of its focus on high-value-added products and growth markets. - FY2026-H1AdvancedAnnual report
「In the Electronics business, orders for servers used in generative AI continued to perform well. In addition, although the recovery lacked strength, demand for high-performance IC package substrates for PCs and general-purpose servers was on a gradual recovery trend, and the effects of manufacturing cost reductions at the Philippines plant also contributed. As a result, both revenue and operating profit increased from the same period of the previous year. Revenue from the Electronics business was ¥11,354 million, up 15.6% from the same period of the previous year. Operating profit was ¥2,543 million, up 41.4%.」
With a focus on high-value-added products and growth fields following the business structure reforms, the Electronics business increased revenue and profit, supported by orders for servers used in generative AI, recovering demand for general-purpose servers and other products, and manufacturing cost reductions at the Philippines plant. - FY2025Revenue up, operating profit down despite firm generative AI ordersAnnual report
「Orders for servers used in generative AI remained firm, resulting in higher revenue than in the previous consolidated fiscal year. However, operating profit declined due to lower demand for high-performance IC package substrates for PCs and general-purpose servers, intensified price competition, and a temporary decline in production utilization resulting from an order policy that prioritizes profitability.」
Under the policy of focusing on high-value-added products and business selection and concentration following the business structure reforms, the Electronics business increased revenue on orders for servers used in generative AI, but operating profit declined due to price competition and lower production utilization. - FY2025-H1AdvancedAnnual report
「In the Package (PKG) business, sales declined year on year due to lower demand for high-performance IC package substrates for PCs and general-purpose servers. Operating profit increased year on year as the proportion of high-value-added products for servers used for generative AI remained firm.」
Regarding business selection and concentration in the Electronics business and the focus on high-value-added products, the mix of products for servers used in generative AI remained firm despite declines in traditional markets, resulting in progress reflected in higher operating profit in the PKG business. - FY2024RestatedAnnual report
「Based on the 5-year medium-term management plan, “Moving on to our New Stage 115 Plan,” which began in fiscal 2023, the Group is pursuing initiatives to respond to changes in the business environment while achieving sustainable growth. These initiatives are centered on 5 pillars of activity, or 5 capabilities to be strengthened, including enhancing business competitiveness through the development of a robust and flexible business model and manufacturing reforms using DX, together with foundational activities as a manufacturer.」
The Company continues to strengthen competitiveness, including business selection and concentration following the structural reforms in the Electronics business, through the new medium-term management plan’s robust and flexible business model and manufacturing reforms using DX. - FY2023AdvancedAnnual report
「In the Package (PKG) business, demand for PCs slowed from the summer onward, but demand for servers remained generally firm, resulting in increases in both revenue and operating profit from the previous consolidated fiscal year.」
Through business selection and concentration following the business structure reforms, a focus on high-value-added PKG products, and the capture of server-related demand, the Electronics business generated revenue of ¥25,070 million and operating profit of ¥6,065 million, with operating profit up 10.0% year on year. - FY2022-Q3AdvancedAnnual report
「As a result, revenue from the Electronics business was ¥17,943 million, up 50.3% from the same period of the previous year. Operating profit was ¥4,375 million, up 104.0%.」
For the first 3 quarters, the Electronics business increased revenue by 50.3% and operating profit by 104.0%, with the effects of focusing on high-value-added products, growth in the PKG business, and increased production capacity following the structural reforms reflected in substantial increases in revenue and profit. - FY2021AdvancedAnnual report
「Revenue from the Electronics business was ¥16,607 million, up 25.6% from the previous consolidated fiscal year. Operating profit was ¥2,781 million, up 86.7% from the previous consolidated fiscal year.」
After focusing on high-value-added products, reducing production of unprofitable products, and pursuing business selection and concentration, the Electronics business achieved substantial increases in revenue and profit, demonstrating improved profitability following the structural reforms in the full-year results. - FY2021-Q3AdvancedAnnual report
「As a result, revenue from the Electronics business was ¥11,938 million, up 21.9% from the same period of the previous year. Operating profit was ¥2,146 million, up 115.6%, reflecting the effects of increased revenue in the PKG business and other factors.」
The effects of increased revenue in the PKG business emerged, with Electronics revenue up 21.9% and operating profit up 115.6%. The results of business selection and concentration following the business structure reforms continue to be reflected in improved Electronics performance. - FY2021-Q1AdvancedAnnual report
「As a result, revenue from the Electronics business was ¥3,474 million, up 6.1% from the same period of the previous year. Operating profit was ¥618 million, up 115.4%, reflecting the focus on high-value-added products in the PKG business and the pursuit of business selection and concentration, including reduced production of unprofitable products.」
By focusing on high-value-added products, reducing production of unprofitable products, and pursuing business selection and concentration, the Electronics business increased revenue by 6.1% and operating profit by 115.4%. The effects of structural reform and business selection and concentration are evident in the figures. - FY2020AdvancedAnnual report
「Revenue from the electronics business amounted to ¥132,170 million, an increase of 14.0% from the previous fiscal year. Operating profit in the business amounted to ¥14,892 million, an increase of 487.9% from the previous fiscal year, as a result of business selection and concentration, including a focus on high-value-added products in the PKG business and reduced production of unprofitable products.」
As a result of focusing on high-value-added products, reducing production of unprofitable products, and pursuing business selection and concentration, the Electronics business increased revenue by 14.0% and operating profit by 487.9%. - FY2020-Q3AdvancedAnnual report
「Operating profit in the business amounted to ¥9,953 million, an increase of 747.8% from the same period of the previous year, as a result of business selection and concentration, including increased sales in the PKG business and reduced production of unprofitable products.」
Operating profit in the electronics business increased 747.8% year on year due to higher sales in the PKG business, reduced production of unprofitable products, and the effects of business selection and concentration, further quantifying the effects of structural reform and selection and concentration. - FY2020-Q2AdvancedAnnual report
「As a result, revenue from the electronics business amounted to ¥62,767 million, an increase of 4.3% from the same period of the previous year. Operating profit in the business amounted to ¥5,290 million, an increase of 444.2% from the same period of the previous year, as a result of business selection and concentration, including increased sales in the PKG business and reduced production of unprofitable products.」
The electronics business recorded a 4.3% increase in revenue and a 444.2% increase in operating profit due to growth in the PKG business, reduced production of unprofitable products, and business selection and concentration. The effects of structural reform were quantified further. - FY2020-Q1AdvancedAnnual report
「Operating profit in the electronics business was ¥2,871 million, compared with an operating loss of ¥517 million in the same period of the previous year, as a result of business selection and concentration, including the growth of the PKG business and reduced production of unprofitable products, resulting in a return to profitability.」
Operating results in the electronics business returned to profitability as the company advanced the growth of the PKG business, reduced production of unprofitable products, and selected and concentrated its businesses. - FY2019RestatedAnnual report
「At the same time, we will proceed with the selection and concentration of production systems and product lines in response to market changes.」
The company has reaffirmed its policy of selecting and concentrating its production systems and product lines to restore profitability and strengthen competitiveness in the electronics business. - FY2019-Q2RestatedAnnual report
「To further strengthen profitability, the company will continue expanding its share in advanced fields in which it has traditionally had strengths, as well as its business and customer base in new fields such as IoT, data centers and automotive applications.」
To strengthen profitability in the electronics business, the company is continuing to expand its share in advanced fields and its business and customer base in new fields. - FY2019-Q1RestatedAnnual report
「To restore profitability, the company will continue reviewing its cost structure, expanding its share in advanced fields in which it has traditionally had strengths, and expanding its customer base and business in new fields such as IoT, data centers and automotive applications.」
To restore profitability in the electronics business, the company is continuing to review its cost structure, expand its share in advanced fields, and expand its business and customer base in new fields. - FY2018-Q3AdvancedAnnual report
「As a result, revenue from the electronics business amounted to ¥84,056 million, an increase of 13.3% year on year. Operating profit in the business was ¥445 million, partly reflecting the effects of structural reform carried out in the previous fiscal year, compared with an operating loss of ¥3,086 million in the same period of the previous year.」
The effects of structural reform of the electronics business carried out in the previous fiscal year appeared as a 13.3% increase in revenue and a return to operating profitability for the cumulative first 3 quarters. - FY2018-Q2AdvancedAnnual report
「As a result, revenue from the electronics business amounted to ¥55,496 million, an increase from the same period of the previous year. Operating profit in the business was ¥455 million, partly reflecting the effects of structural reform carried out in the previous fiscal year, compared with an operating loss of ¥2,145 million in the same period of the previous year.」
The effects of structural reform of the electronics business carried out in the previous fiscal year appeared as higher revenue and a return to operating profitability for the cumulative first 2 quarters. - FY2017AdvancedAnnual report
「During the fiscal year, in response to changes in the order environment for the electronics business, the group implemented structural reform centered on impairment losses on fixed assets, initially aligning asset values with current order levels. At the same time, it has been actively working to expand orders in new growth areas to restore profitability in the electronics business.」
The company carried out structural reform of the electronics business throughout the fiscal year, while simultaneously aligning asset values with order levels and expanding orders in new growth areas. - FY2017-Q3RestatedAnnual report
「Against this backdrop, beginning in the second quarter, the group implemented structural reform centered on impairment losses on fixed assets in response to changes in the order environment for the electronics business, initially aligning asset values with current order levels. At the same time, it has been actively working to expand orders in new growth areas to restore profitability in the electronics business.」
The company has continued the structural reform of the electronics business launched in the second quarter, while simultaneously aligning asset values with order levels and expanding orders in new growth areas. - FY2017-Q2First statedAnnual report
「The company recorded a total of ¥42,507 million in impairment losses on fixed assets and valuation losses on inventories in connection with structural reform of the electronics segment, resulting in a net loss attributable to owners of the parent of ¥45,474 million for the quarter. The carrying amounts of production facilities whose initially projected earnings could no longer be expected due to the review of the production system and restructuring of the business structure, as well as idle assets no longer expected to be used following the review of the production system, were reduced to their recoverable amounts.」
The company first explicitly identified structural reform of the electronics segment involving a review of the production system and restructuring of the business structure, recording ¥40,038 million in impairment losses on fixed assets and ¥2,469 million in inventory valuation losses, for a total of ¥42,507 million.