Strengthening Business Bases and Improving Profitability in Four Global Regions
First written in FY2016. 10 of 38 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
2 other companies' latest entry also says "Other".
- FY2026Higher profit in North America alongside lower revenue in Japan, China and KoreaAnnual report
「(Japan) In Japan, although sales of new products increased, revenue decreased by ¥5,060 million, or 4.6%, from the previous fiscal year to ¥103,795 million due to lower production volumes at major customers and lower tooling sales. Segment profit (operating profit) decreased by ¥3,367 million, or 49.5%, to ¥3,429 million. While the benefits of cost improvement initiatives continued to emerge steadily, profit was affected by lower revenue, costs to prepare for mass production of new products, and actuarial differences in retirement benefit plans. (North America) In North America, although customer production volumes declined in Mexico, revenue increased by ¥535 million, or 1.2%, from the previous fiscal year to ¥46,872 million due to higher customer production volumes in the U.S. and new orders for exterior parts. Segment profit (operating profit) increased by ¥2,649 million, or 89.6%, to ¥5,607 million due to the effect of higher revenue in the U.S. and foreign exchange effects resulting from the appreciation of the Mexican peso.」
Profit trends across the four regions showed substantial profit growth in North America, while Japan posted lower revenue and lower profit and China and South Korea also posted lower revenue. Progress and setbacks continue to coexist across the regions. - 2026-05-13OtherEarnings
「Net sales increased by ¥535 million, or 1.2%, year on year to ¥46,872 million, owing to an increase in customer production volumes in the United States and new orders for exterior parts.」
North America recorded increases in both revenue and profit, while Japan recorded lower revenue and profit due to lower production volumes at major customers. ASEAN recorded lower revenue but higher profit, while China and South Korea recorded lower revenue but moved from an operating loss to operating profit. Progress and setbacks coexisted across the regions. - FY2026-H1Regional revenue growth with higher profit coexists with lower revenue and lower profitAnnual report
「(Japan) In Japan, revenue decreased by ¥3,557 million, or 6.6%, from the same period of the previous year to ¥50,018 million due to lower production volumes at major customers. Segment profit (operating profit) decreased by ¥2,323 million, or 64.9%, to ¥1,256 million. While the benefits of cost improvement initiatives continued to emerge steadily, profit was affected by lower revenue, actuarial differences in retirement benefit plans, and increased investment in human capital aimed at sustainable growth. (North America) In North America, although revenue declined due to lower customer production volumes and lower tooling sales in Mexico, revenue increased by ¥1,920 million, or 8.2%, from the same period of the previous year to ¥25,203 million due to higher customer production volumes in the U.S. and increased sales accompanying new orders for exterior parts. Segment profit (operating profit) increased by ¥902 million, or 47.4%, to ¥2,807 million due to the effect of higher revenue in the U.S. and foreign exchange effects in Mexico, despite the impact of lower revenue in Mexico. (ASEAN) In ASEAN, although customer production volumes declined in Thailand, revenue increased by ¥37 million, or 0.7%, from the same period of the previous year to ¥5,244 million due to higher customer production volumes and tooling sales in Indonesia. Segment profit (operating profit) decreased by ¥49 million, or 15.6%, to ¥269 million due to the impact of lower revenue in Thailand and the one-time recording of development expenses in Indonesia. (China and South Korea) In China and South Korea, despite new revenue from the design business in the home appliance sector in South Korea, revenue decreased by ¥1,079 million, or 22.4%, from the same period of the previous year to ¥3,743 million due to lower tooling sales in China. Segment profit (operating profit) decreased by ¥172 million, or 76.6%, to ¥52 million due to the impact of lower tooling sales in China.」
Japan and China and South Korea posted lower revenue and lower profit, while North America posted higher revenue and higher profit due to higher customer production volumes in the U.S. and new orders for exterior parts. ASEAN posted higher revenue but lower profit. Progress and setbacks continue to coexist by region in the profitability of the four regional operations. - FY2025U.S. revenue growth and lower profit coexist with regional recovery and deteriorationAnnual report
「Revenue increased by ¥9,541 million, or 6.0%, from the previous fiscal year to ¥168,561 million, due to the full-year contribution from two-shift production at the U.S. manufacturing site and the impact of translating into yen, among other factors.」
Central America and North America benefited from the full-year contribution of two-shift production at the U.S. site, resulting in a 21.3% increase in revenue, while profit decreased by 20.0% due to foreign exchange effects and other factors. China and South Korea posted higher revenue but a loss of ¥98 million, ASEAN posted lower revenue and lower profit, and Japan posted higher revenue and higher profit. Progress and setbacks continue to coexist across the regions. - FY2025-H1Regional revenue growth with lower profit coexists with recoveryAnnual report
「(Japan) In Japan, revenue decreased by ¥1,172 million, or 2.1%, from the same period of the previous year to ¥53,576 million due to lower production volumes at major customers. Segment profit (operating profit) increased by ¥1,026 million, or 40.2%, to ¥3,579 million due to the implementation of cost improvement initiatives and compensation for sharp production fluctuations, among other factors.」
Japan posted lower revenue but higher profit, Central America and North America posted higher revenue but lower profit, and ASEAN posted lower revenue and lower profit. China and South Korea posted higher revenue and swung from a loss in the same period of the previous year to a profit of ¥225 million. Profit trends across the four regions remain divergent. - FY2024North America turns profitable, China deteriorates, and ASEAN profit declinesAnnual report
「In Japan, despite lower production volumes at some major customers, overall production volumes at major customers increased, as did sales to OEMs. As a result, revenue increased by ¥2,076 million, or 2.0%, from the previous fiscal year to ¥108,032 million. In Central America and North America, revenue increased by ¥12,057 million, or 46.1%, from the previous fiscal year to ¥38,202 million due to higher customer production volumes and foreign exchange effects. Segment profit (operating profit) was ¥3,697 million, compared with a segment loss of ¥2,750 million in the previous fiscal year, due to the increase in revenue and foreign exchange effects. In ASEAN, revenue decreased by ¥230 million, or 1.8%, from the previous fiscal year to ¥12,354 million due to lower customer production volumes. Segment profit (operating profit) decreased by ¥292 million, or 28.2%, to ¥742 million due to the impact of lower revenue and other factors. In China and South Korea, revenue increased by ¥1,113 million, or 17.4%, from the previous fiscal year to ¥7,498 million due to higher product sales from new customer development and the impact of translating into yen. Segment profit (loss) (operating profit (loss)) was a loss of ¥352 million due to expenses and other costs incurred to respond proactively to customers' quality requirements, compared with a segment loss of ¥81 million in the previous fiscal year.」
Central America and North America swung from a loss of ¥2,750 million in the previous year to a profit of ¥3,697 million, while Japan also posted higher revenue and higher profit. ASEAN posted lower revenue and lower profit, while China and South Korea posted higher revenue but wider losses. Regional recovery and deterioration coexist. - FY2024-Q3Recovery and deterioration coexisted across regionsAnnual report
「(Japan) In Japan, despite lower production volumes at some major customers, overall production volumes at major customers increased, as did sales to OEMs. As a result, revenue increased by ¥9,839 million, or 13.2%, from the same period of the previous year to ¥84,422 million. Segment profit (operating profit) was ¥4,202 million, compared with segment profit of ¥194 million in the same period of the previous year. In addition to the impact of higher revenue and the implementation of cost improvement initiatives, this reflected the partial pass-through to selling prices of higher raw material, energy and labor costs. (Central America and North America) In Central America and North America, although mold sales declined, revenue increased by ¥9,707 million, or 53.7%, from the same period of the previous year to ¥27,768 million due to higher customer production volumes and foreign exchange effects. Segment profit (operating profit) was ¥3,071 million, compared with a segment loss of ¥2,544 million in the same period of the previous year, due to the increase in revenue and foreign exchange effects. (ASEAN) In ASEAN, although customer production volumes declined, revenue increased by ¥412 million, or 4.7%, from the same period of the previous year to ¥9,161 million due to the impact of translating into yen. Segment profit (operating profit) decreased by ¥255 million, or 28.2%, to ¥651 million due to the impact of lower revenue and other factors. (China and South Korea) In China and South Korea, revenue decreased by ¥265 million, or 5.4%, from the same period of the previous year to ¥4,624 million due to lower customer production volumes and mold sales. Segment profit (loss) (operating profit (loss)) was a loss of ¥425 million due to the impact of lower revenue, compared with a segment loss of ¥4 million in the same period of the previous year.」
Japan and Central America and North America posted higher revenue and higher profit. In particular, Central America and North America swung from a loss of ¥2,544 million in the same period of the previous year to a profit of ¥3,071 million. ASEAN posted lower profit, while losses widened in China and South Korea. Profit trends across the four regions remain divergent. - FY2024-Q2Recovery and deterioration coexisted by regionAnnual report
「(Japan) In Japan, revenue increased by ¥8,962 million, or 19.6%, from the same period of the previous year to ¥54,749 million, due to higher production volumes at major customers and increased sales to OEMs. Segment profit (operating profit) was ¥2,553 million, compared with a segment loss of ¥862 million in the same period of the previous year. In addition to the impact of higher revenue and the implementation of cost improvement initiatives, this reflected the partial pass-through to selling prices of higher raw material, energy and labor costs. (Central America and North America) In Central America and North America, revenue increased by ¥6,454 million, or 58.6%, from the same period of the previous year to ¥17,470 million, due to higher customer production volumes and foreign exchange effects. Segment profit (operating profit) was ¥1,996 million, compared with a segment loss of ¥2,078 million in the same period of the previous year, due to the increase in revenue and foreign exchange effects. (ASEAN) In ASEAN, revenue increased by ¥892 million, or 16.6%, from the same period of the previous year to ¥6,280 million, due to higher customer production volumes and the impact of translating into yen. Segment profit (operating profit) increased by ¥196 million, or 39.6%, to ¥692 million due to the increase in revenue and other factors. (China and South Korea) In China and South Korea, revenue decreased by ¥409 million, or 12.9%, from the same period of the previous year to ¥2,769 million due to lower customer production volumes and mold sales. Segment profit (loss) (operating profit (loss)) was a loss of ¥267 million due to the impact of lower revenue, compared with segment profit of ¥14 million in the same period of the previous year.」
Japan and Central America and North America swung from losses in the same period of the previous year to profits, while ASEAN posted higher revenue and higher profit. China and South Korea, meanwhile, posted lower revenue and swung from profit to a loss of ¥267 million. Recovery and deterioration continue to coexist by region in the improvement of profitability across the four regions. - FY2024-Q1Recovery and deterioration coexisted by regionAnnual report
「(Japan) In Japan, revenue increased by ¥5,266 million, or 26.1%, from the same period of the previous year to ¥25,437 million. This reflected higher production volumes at major customers, higher sales to strategic OEMs alongside the expansion of sales channels, and other factors. Segment profit (operating profit) was ¥165 million, compared with a segment loss of ¥1,158 million in the same period of the previous year. This was despite the impact of higher raw material and energy prices and other factors, and reflected the increase in revenue and the implementation of cost improvement initiatives. (Central America and North America) In Central America and North America, revenue increased by ¥2,778 million, or 43.3%, from the same period of the previous year to ¥9,191 million, due to higher customer production volumes and foreign exchange effects. Segment profit (operating profit) was ¥1,322 million, compared with a segment loss of ¥1,493 million in the same period of the previous year, due to the increase in revenue and foreign exchange effects. (ASEAN) In ASEAN, revenue increased by ¥621 million, or 21.2%, from the same period of the previous year to ¥3,551 million, due to higher customer production volumes and the impact of translating into yen. Segment profit (operating profit) increased by ¥243 million, or 87.7%, to ¥521 million, due to the increase in revenue and cost improvements. (China and South Korea) In China and South Korea, revenue decreased by ¥837 million, or 44.2%, from the same period of the previous year to ¥1,057 million, due to lower customer production volumes and mold sales. Segment profit (loss) (operating profit (loss)) was a loss of ¥260 million due to the impact of lower revenue, compared with segment profit of ¥65 million in the same period of the previous year.」
Japan and Central America and North America swung from losses in the same period of the previous year to profits, while ASEAN also posted higher profit. China and South Korea, meanwhile, posted lower revenue and swung from profit to a loss of ¥260 million. Recovery and deterioration continue to coexist in the profit trends of the four regions. - FY2023Regional recovery coexists with continuing lossesAnnual report
「In Japan, despite the impact of the global semiconductor shortage and other factors, revenue increased by ¥14,808 million, or 16.2%, from the previous fiscal year to ¥105,956 million. This reflected higher production volumes at major customers, changes in the model mix, higher sales to strategic OEMs as part of efforts to expand sales channels, and the pass-through to selling prices of higher raw material and energy costs. Segment profit (operating profit) increased by ¥3,292 million, or 408.4%, to ¥4,098 million. Despite the impact of higher raw material and energy prices and other factors, the increase in revenue, restraint and review of investments, reductions in all types of expenses, and cost improvement initiatives contributed to the increase.」
Japan and ASEAN posted higher revenue and higher profit, while Central America and North America recorded substantial revenue growth and narrowed their loss from ¥2,871 million to ¥2,750 million. China and South Korea, meanwhile, posted lower revenue and swung from a profit of ¥283 million to a loss of ¥81 million. - FY2023-Q3Higher revenue and profit and expanding losses coexisted by regionAnnual report
「(Japan) Despite the impact of the global semiconductor shortage and other factors, revenue increased by ¥9,332 million, or 14.3%, year on year to ¥74,583 million, due to higher production volumes at major customers, changes in the vehicle mix, and higher sales to strategic OEMs as part of efforts to expand distribution channels. Segment profit (operating profit) increased by ¥888 million to ¥194 million, despite the impact of soaring raw-material and energy prices, owing to the effect of higher revenue, restraint and review of investments, reductions in all types of expenses, and cost-improvement initiatives. (China and South Korea) Revenue decreased by ¥707 million, or 12.6%, to ¥4,890 million. Although the effect of translating foreign-currency amounts into yen contributed to higher revenue, automobile-parts procurement disruptions caused by lockdowns in China had a negative impact. Segment result (operating result) was a loss of ¥4 million, compared with segment profit of ¥171 million in the same period of the previous year. Cost improvements from production-process revisions were outweighed by the impact of reduced production and soaring raw-material and energy prices. (ASEAN) Revenue increased by ¥1,804 million, or 26.0%, to ¥8,748 million due to the recovery in customer production volumes and the effect of translating foreign-currency amounts into yen. Segment profit (operating profit) increased by ¥741 million, or 446.6%, to ¥907 million. Although soaring raw-material and energy prices had a negative impact, the effect of higher revenue and cost improvements from production-process revisions led to higher profit. (Central America and North America) Revenue increased by ¥7,407 million, or 69.5%, to ¥18,061 million due to the start of operations at the new US plant, higher mold sales, and the effect of translating foreign-currency amounts into yen. Segment result (operating result) was a loss of ¥2,544 million, compared with a segment loss of ¥1,624 million in the same period of the previous year. The company implemented improvements, including revisions to the production system at the new US plant in response to delays in customers' transition to two-shift operations, but incurred a one-time charge for development expenses and was affected by foreign-currency translation.」
Japan and ASEAN posted higher revenue and higher profit, while China and South Korea posted lower revenue and swung from profit to loss. Central America and North America recorded substantial revenue growth, but losses widened due to costs related to the new U.S. plant and other factors. Profit trends across the four regions remain divergent. - FY2023-Q2Higher revenue and profit and expanding losses coexisted by regionAnnual report
「In Japan, despite the impact of the spread of COVID-19 and the global semiconductor shortage, revenue increased by ¥4,241 million, or 10.2%, year on year to ¥45,787 million, as production volumes at major customers began to recover and sales to strategic OEMs increased as part of efforts to expand distribution channels. In ASEAN, revenue increased by ¥474 million, or 9.7%, to ¥5,387 million due to higher mold sales and the effect of translating foreign-currency amounts into yen. Segment profit (operating profit) increased by ¥310 million, or 167.5%, to ¥495 million, aided by cost improvements from production-process revisions. In Central America and North America, revenue increased by ¥3,851 million, or 53.8%, to ¥11,016 million due to the start of operations at the new US plant, higher mold sales, and the effect of translating foreign-currency amounts into yen. Segment result (operating result) was a loss of ¥2,078 million, compared with a segment loss of ¥677 million in the same period of the previous year, due to the one-time recognition of development expenses, front-loaded preparation costs for full operation of the new US plant, and the effect of translating foreign-currency amounts into yen.」
Revenue increased in Japan and ASEAN, with ASEAN also posting higher profit due to cost improvements and other factors. China and South Korea posted lower revenue and profit, while Central America and North America posted substantially higher revenue but an expanded loss of ¥2,078 million, with progress and setbacks coexisting by region. - FY2023-Q1Higher revenue and profit and expanding losses coexisted by regionAnnual report
「(China and South Korea) Revenue increased by ¥319 million, or 20.3%, year on year to ¥1,894 million due to higher mold sales and the effect of translating foreign-currency amounts into yen. Segment profit (operating profit) was ¥65 million, compared with a segment loss of ¥45 million in the same period of the previous year, owing to the effect of higher revenue. (ASEAN) Revenue increased by ¥200 million, or 7.3%, to ¥2,929 million due to higher mold sales and the effect of translating foreign-currency amounts into yen. Segment profit (operating profit) increased by ¥126 million, or 83.7%, to ¥277 million, aided by cost improvements including production-process revisions. (Central America and North America) Revenue increased by ¥2,608 million, or 68.6%, to ¥6,413 million due to the start of operations at the new US plant, higher mold sales, and the effect of translating foreign-currency amounts into yen. Segment result was a loss of ¥1,493 million, compared with a segment loss of ¥23 million in the same period of the previous year, due to higher development expenses and higher preparation costs for full operation of the new US plant.」
Revenue and profit increased in China and South Korea and ASEAN, while Central America and North America posted a substantial increase in revenue following the start of operations at the new US plant, but its loss expanded to ¥1,493 million. Japan also posted lower revenue and a ¥1,158 million loss, and progress and setbacks in improving profitability continued to coexist across the 4 regions. - FY2022RestatedAnnual report
「In manufacturing, the group progressively introduced more advanced production processes in terms of the environment and efficiency, including the realization of fully automated lines utilizing the functions of the headquarters plant, which began operations in 2019, efforts toward zero-waste manufacturing, and full operation of a low-CO2-emission paint line. Overseas, the new plant in Alabama, USA, began production. The group is incorporating production processes developed at its domestic bases and promoting initiatives to improve productivity and achieve profitability.」
The company confirmed automation and environmentally responsive production processes at the headquarters plant and the start of production at the new plant in Alabama, USA. At the US base, the company continues initiatives to improve productivity and achieve profitability by incorporating production processes developed in Japan. - FY2022-Q3AdvancedAnnual report
「Specific initiatives included starting mass production at the new plant in Alabama, USA.」
Concrete progress was confirmed in strengthening the bases in 4 regions worldwide through the start of mass production at the new plant in Alabama, USA. Regional performance was not uniform, and Central America and North America posted a loss due to operating preparation costs. - FY2022-Q2Recovery and deterioration coexisted by regionAnnual report
「Specific initiatives included preparations overseas for the start of operations at the new plant in Alabama, USA. In Japan, the group actively promoted telework and worked to prevent the spread of COVID-19 and respond to the new normal. In addition, recovery from a fire at a domestic affiliate in November of the previous year was completed in July, and production resumed. The group also promoted cost reductions in response to reduced production and worked to stabilize its management foundation.」
The group advanced preparations for operations at the new US plant, restored the domestic affiliate affected by the fire and resumed production in July, and promoted cost reductions. By region, China and South Korea and ASEAN posted higher profit, while Japan posted a loss and Central America and North America also posted a loss due to preparation costs for the new US plant, with recovery and deterioration coexisting. - FY2022-Q1Recovery and deterioration coexisted by regionAnnual report
「Consolidated results for the cumulative first quarter were affected by production constraints caused by a shortage of semiconductors supplied by major customers. However, production volume increased from the previous year, when the impact of production cuts due to COVID-19 was substantial, causing revenue to increase by ¥2,772 million, or 10.2%, year on year to ¥29,891 million.」
Japan recovered from a loss in the previous year to revenue of ¥23,609 million and segment profit of ¥704 million, while China and South Korea posted a loss of ¥45 million, ASEAN posted lower revenue and profit, and Central America and North America posted a loss of ¥23 million. Recovery and deterioration coexisted in regional profitability trends. - FY2021Recovery and deterioration in regional performance coexistedAnnual report
「(Japan) In Japan, production cuts during the first quarter of the consolidated fiscal year due to the impact of COVID-19 caused revenue to decrease by ¥35,057 million, or 23.2%, compared with the previous consolidated fiscal year to ¥115,989 million. Segment profit (operating profit) decreased by ¥5,569 million, or 71.9%, to ¥2,176 million due to the effect of lower revenue and a fire at an affiliate. (China and South Korea) Revenue decreased by ¥1,852 million, or 20.4%, to ¥7,208 million due to lower sales to Japan in China. Segment profit (operating profit) decreased by ¥37 million, or 8.8%, to ¥385 million owing to the effect of lower revenue. (ASEAN) Production cuts by major customers due to COVID-19 caused revenue to decrease by ¥5,773 million, or 36.9%, to ¥9,881 million. Segment profit (operating profit) decreased by ¥995 million, or 71.4%, to ¥397 million. Cost reductions through process improvements at the Thai subsidiary had a positive effect, but the impact of lower revenue and other factors outweighed it. (Central America and North America) Higher production by major customers in Mexico caused revenue to increase by ¥5,327 million, or 30.4%, to ¥22,862 million. Segment profit (operating profit) was ¥1,382 million, compared with a segment loss of ¥515 million in the previous consolidated fiscal year, owing to the effect of higher revenue in Mexico despite preparation costs for the new US plant.」
Japan, China and South Korea, and ASEAN posted lower revenue and profit, while Central America and North America posted higher revenue due to increased production in Mexico and recovered from a segment loss to ¥1,382 million in profit. Regional profitability trends continued to diverge. - FY2021-Q3Recovery and deterioration in regional profitability coexistedAnnual report
「In Japan, production cuts during the first quarter of the consolidated fiscal year due to the impact of COVID-19 and a fire at a consolidated subsidiary caused revenue to decrease by ¥33,976 million, or 29.5%, year on year to ¥81,345 million. Segment profit (operating profit) decreased by ¥5,127 million, or 85.7%, to ¥857 million. Although the company worked to reduce costs through process improvements, control personnel expenses and reduce fixed costs, the effect of lower revenue during the first quarter and other factors weighed on results. In Central America and North America, higher production by major customers in Mexico caused revenue to increase by ¥4,458 million, or 37.0%, to ¥16,503 million. Segment profit was ¥966 million, compared with a segment loss of ¥290 million in the same period of the previous year, mainly due to the effect of higher production at the Mexican subsidiary.」
Japan, China and South Korea, and ASEAN continued to post lower revenue and profit, while Central America and North America recovered from a loss in the same period of the previous year to ¥966 million in profit due to increased production in Mexico. Deterioration and recovery coexisted in profitability across the 4 regions. - FY2021-Q2WorsenedAnnual report
「In Japan, production cuts by major customers due to the impact of COVID-19 caused revenue to decrease by ¥32,802 million, or 41.6%, year on year to ¥46,033 million. Despite efforts to reduce costs through process improvements, control personnel expenses and reduce fixed costs, the effect of lower revenue was substantial, resulting in a loss of ¥1,000 million, compared with segment profit of ¥4,175 million in the same period of the previous year. Revenue at the Chinese subsidiary decreased by ¥1,675 million, or 34.8%, to ¥3,137 million due to lower sales to Japan. Segment profit (operating profit) decreased by ¥173 million, or 65.3%, to ¥92 million, despite the effects of rationalization at the Chinese subsidiary, owing to the effect of lower revenue and other factors. In ASEAN, production cuts by major customers due to the impact of COVID-19 caused revenue to decrease by ¥2,812 million, or 35.5%, to ¥5,109 million. Segment profit (operating profit) decreased by ¥744 million, or 84.3%, to ¥138 million. Cost reductions through process improvements at the Thai subsidiary had a positive effect, but the impact of reduced production and other factors outweighed it. In Central America and North America, higher production by major customers in Mexico caused revenue to increase by ¥1,490 million, or 15.8%, to ¥10,892 million. Segment profit (operating profit) was ¥565 million, compared with a segment loss of ¥54 million in the same period of the previous year, mainly due to the effect of higher revenue at the Mexican subsidiary.」
Regional profitability trends across the 4 regions improved in Central America and North America due to increased production in Mexico, while Japan moved from profit to a ¥1,000 million loss and China and South Korea and ASEAN also posted substantially lower profit. Profitability at the regional bases deteriorated and diverged under the impact of production cuts caused by COVID-19. - FY2021-Q1WorsenedAnnual report
「(Japan) In Japan, substantial production cuts by major customers due to the impact of COVID-19 caused revenue to decrease by ¥26,085 million, or 65.8%, year on year to ¥13,536 million. Segment result was a loss of ¥3,270 million, compared with segment profit of ¥2,229 million in the same period of the previous year. (China and South Korea) Production cuts by major customers in China due to the impact of COVID-19 caused revenue to decrease by ¥1,207 million, or 48.2%, to ¥1,295 million. Segment result was a loss of ¥27 million, compared with segment profit of ¥104 million in the same period of the previous year. (ASEAN) Revenue decreased by ¥202 million, or 5.0%, to ¥3,845 million. Although mold sales increased revenue, production cuts by major customers had a negative effect. Segment profit (operating profit) decreased by ¥165 million, or 34.5%, to ¥314 million due to the effects of reduced production. (Central America and North America) Higher production by major customers in Mexico caused revenue to increase by ¥2,561 million, or 35.8%, to ¥9,718 million. Segment profit (operating profit) increased by ¥647 million, or 225.4%, to ¥934 million, owing to the effect of higher revenue despite higher preparation costs for the new US plant.」
Production cuts due to COVID-19 caused Japan and China and South Korea to move from profit to loss, while ASEAN also posted lower revenue and profit. Central America and North America posted higher revenue and profit due to increased production in Mexico. Although progress and setbacks coexisted by region, profitability across all 4 regions deteriorated. - FY2020WorsenedAnnual report
「In China and South Korea, production cuts resulting from factors including the impact of US-China trade friction caused revenue to decrease by ¥2,995 million, or 24.8%, year on year to ¥9,060 million, while segment profit (operating profit) decreased by ¥286 million, or 40.4%, to ¥422 million. In Central America and North America, production cuts and preparation costs for a new plant at the US subsidiary resulted in a loss of ¥515 million, compared with segment profit of ¥765 million in the previous consolidated fiscal year.」
The 4-region structure was maintained, but China and South Korea posted lower revenue and profit, while Central America and North America moved from profit to a ¥515 million loss. ASEAN posted higher revenue but lower profit due to launch costs for new vehicle models and other factors, resulting in deteriorating and diverging regional profitability. - FY2020-Q3Regional profitability trends divergedAnnual report
「(Japan) Revenue increased by ¥5,154 million, or 4.7%, year on year to ¥115,321 million, mainly due to higher sales to major customers. Segment profit (operating profit) decreased by ¥2,861 million, or 32.3%, to ¥5,985 million, due to costs related to work-style reform, higher depreciation expenses following the start of partial operations at the headquarters plant, and higher R&D expenses related to next-generation technology development. (China and South Korea) Revenue decreased by ¥1,935 million, or 21.4%, to ¥7,109 million, due to changes in sales to major customers by the Chinese subsidiary. Segment profit (operating profit) decreased by ¥49 million, or 9.9%, to ¥452 million, owing to the effect of lower revenue. (ASEAN) Revenue increased by ¥3,299 million, or 37.3%, to ¥12,154 million, mainly due to higher sales to major customers by the Thai and Indonesian subsidiaries. Segment profit (operating profit) increased by ¥219 million, or 20.1%, to ¥1,307 million, owing to the effect of higher revenue. (Central America and North America) Revenue decreased by ¥1,565 million, or 11.5%, to ¥12,045 million, mainly due to lower sales by the Mexican subsidiary. Segment result was a loss of ¥290 million, compared with segment profit of ¥1,144 million in the same period of the previous year, due to the effects of reduced production at the Mexican subsidiary, launch costs for new vehicle models, and preparation costs at the US subsidiary.」
ASEAN posted higher revenue and segment profit, while Japan and China and South Korea posted lower revenue and profit, and Central America and North America moved from profit to a ¥290 million loss as revenue declined. Progress and setbacks in strengthening the bases and improving profitability coexisted across the 4 regions. - FY2020-Q2Progress and setbacks coexisted by regionAnnual report
「(Japan) Revenue increased by ¥11,664 million, or 17.4%, year on year to ¥78,836 million, mainly due to higher sales to major customers. Segment profit (operating profit) decreased by ¥727 million, or 14.8%, to ¥4,175 million, due to costs related to work-style reform, higher depreciation expenses following the start of partial operations at the headquarters plant, and higher R&D expenses related to next-generation technology development. (China and South Korea) Revenue decreased by ¥1,589 million, or 24.8%, to ¥4,813 million, due to lower sales to major customers by the Chinese subsidiary. Segment profit (operating profit) decreased by ¥118 million, or 30.9%, to ¥266 million, owing to the effect of lower revenue. (ASEAN) Revenue increased by ¥2,243 million, or 39.5%, to ¥7,922 million, mainly due to higher sales to major customers by the Thai and Indonesian subsidiaries. Segment profit (operating profit) increased by ¥245 million, or 38.5%, to ¥883 million, owing to the effect of higher revenue. (Central America and North America) Revenue increased by ¥18 million, or 0.2%, to ¥9,402 million. Although product sales by the Mexican subsidiary declined, mold sales increased following the start of mass production of new products. Segment result was a loss of ¥54 million, compared with segment profit of ¥411 million in the same period of the previous year, due to the effects of reduced production in Mexico, launch costs for new vehicle models, and preparation costs for the new US plant.」
Japan posted higher revenue but lower profit, China and South Korea posted lower revenue and profit, ASEAN posted higher revenue and profit, and Central America and North America saw revenue remain broadly flat while profit turned into a loss. Performance trends across the 4 regions were not uniform, with progress and setbacks coexisting. - FY2020-Q1Regional profitability trends divergedAnnual report
「(Japan) Revenue increased by ¥3,475 million, or 9.6%, year on year to ¥39,621 million, mainly due to higher product sales to major customers and increased mold sales associated with preparations for the mass production of new products. Segment profit (operating profit) decreased by ¥989 million, or 30.7%, to ¥2,229 million, due to costs related to work-style reform, higher depreciation expenses following the start of partial operations at the headquarters plant, and higher R&D expenses related to next-generation technology development. (China and South Korea) Revenue decreased by ¥718 million, or 22.3%, to ¥2,502 million, as the slowdown in the Chinese market reduced sales to major customers by the Chinese subsidiary. Segment profit (operating profit) decreased by ¥158 million, or 60.2%, to ¥104 million. The company worked to improve profitability through cost-reduction initiatives, but was affected by lower revenue. (ASEAN) Revenue increased by ¥1,172 million, or 40.8%, to ¥4,048 million, mainly due to higher sales to major customers by the Thai and Indonesian subsidiaries. Segment profit (operating profit) increased by ¥157 million, or 48.7%, to ¥479 million, mainly due to the effect of higher revenue. (Central America and North America) Revenue increased by ¥2,672 million, or 59.6%, to ¥7,157 million. Although product sales by the Mexican subsidiary declined, mold sales increased following the start of mass production of new products. Segment profit (operating profit) increased by ¥184 million, or 180.4%, to ¥287 million, mainly due to the effect of higher revenue.」
Revenue and segment profit increased in ASEAN and Central America and North America, while profit declined in Japan and China and South Korea. Improvement in profitability across the 4 regions showed progress and setbacks by region. - FY2019AdvancedAnnual report
「As one of these specific initiatives, the group decided to build a new plant in Huntsville, Alabama, USA. By establishing a base in North America, the group aims to maximize business opportunities.」
Regarding the base strategy for the 4 regions, the company decided to build a new plant in Huntsville, Alabama, USA. Subsequent events also indicated plans to start production in 2021, invest approximately US$110 million, generate annual revenue of approximately US$190 million, and employ approximately 380 people. - FY2019-Q3Regional performance showed both progress and setbacksAnnual report
「(Japan) Revenue increased by ¥9,427 million, or 9.4%, year on year to ¥110,166 million, mainly due to higher sales to major customers. Segment profit (operating profit) decreased by ¥1,567 million, or 15.1%, to ¥8,847 million. The company is working to recover from losses caused by torrential rains in western Japan, but incurred costs related to preparations for the mass production of new products and various measures to promote work-style reform. (China and South Korea) Revenue increased by ¥161 million, or 1.8%, to ¥9,044 million, mainly due to higher sales to major customers by the Chinese subsidiary. Segment profit (operating profit) decreased by ¥1,067 million, or 68.0%, to ¥502 million. The effect of higher revenue was outweighed by mold sales associated with the start of mass production at the Chinese subsidiary in the third quarter of the previous year and costs incurred to proactively meet customers' required quality standards. (ASEAN) Revenue increased by ¥1,041 million, or 13.3%, to ¥8,855 million, mainly due to higher sales to major customers by the Thai and Indonesian subsidiaries and the effect of translating foreign-currency amounts into yen amid the weaker yen. Segment profit (operating profit) increased by ¥132 million, or 13.8%, to ¥1,088 million, owing to the effect of higher revenue despite costs associated with preparations for the mass production of new products. (Central America and North America) Revenue decreased by ¥229 million, or 1.7%, to ¥13,611 million, despite higher sales to major customers by the Mexican subsidiary, mainly due to the effect of translating foreign-currency amounts into yen amid the stronger yen. Segment profit (operating profit) decreased by ¥413 million, or 26.6%, to ¥1,144 million. The company worked to improve profitability through cost-reduction initiatives, but incurred costs related to preparations for the mass production of new products and the effects of foreign-exchange movements.」
Profit declined year on year in Japan, China and South Korea, and Central America and North America, while revenue and segment profit increased in ASEAN. Progress and setbacks in strengthening the bases and improving profitability coexisted across the 4 regions. - FY2019-Q2RestatedAnnual report
「To achieve the management targets set out in the medium-term management plan ending in FY2018, the Company advanced preparations for mass production of new products for next-generation product lines of its major customers, construction of a new head office and head office plant, productivity improvements at existing plants, and various measures to reform work practices.」
The group continued preparations for the mass production of new products related to strengthening its bases in 4 regions worldwide, construction of a new headquarters and headquarters plant, and productivity improvements at existing plants. Regional revenue increased in Japan, China and South Korea, and ASEAN, while it declined in Central America and North America. Profit declined year on year in all 4 regions. - FY2019-Q1AdvancedAnnual report
「(Japan) Revenue increased by ¥3,873 million, or 12.0%, year on year to ¥36,146 million, mainly due to higher sales to major customers. Segment profit (operating profit) increased by ¥141 million, or 4.6%, to ¥3,219 million, owing to the effect of higher revenue despite higher costs associated with preparations for the mass production of new products and higher R&D expenses related to next-generation technology development. (China and South Korea) Revenue increased by ¥452 million, or 16.3%, to ¥3,221 million, mainly due to higher sales to major customers by the Chinese subsidiary. Segment profit (operating profit) increased by ¥18 million, or 7.7%, to ¥262 million, owing to the effect of higher revenue despite higher costs associated with the mass production of new products. (ASEAN) Sales to major customers by the Thai subsidiary were at about the same level as in the same period of the previous year, but revenue increased by ¥443 million, or 18.3%, to ¥2,875 million, mainly due to higher sales to major customers by the Indonesian subsidiary and the effect of translating foreign-currency amounts into yen amid the weaker yen. Segment profit (operating profit) decreased by ¥7 million, or 2.4%, to ¥322 million, as the effect of higher revenue was outweighed by higher costs associated with the mass production of new products. (Central America and North America) Revenue decreased by ¥913 million, or 16.9%, to ¥4,484 million, mainly due to lower sales to major customers by the Mexican subsidiary and the effect of translating foreign-currency amounts into yen amid the stronger yen. Segment profit (operating profit) decreased by ¥546 million, or 84.2%, to ¥102 million, owing to the effect of lower revenue and foreign-exchange movements.」
Revenue and segment profit increased year on year in Japan and China and South Korea, while revenue also increased in ASEAN. However, profit declined in ASEAN, and both revenue and segment profit fell substantially in Central America and North America, indicating that progress and setbacks in improving profitability coexisted across the 4 regions. - FY2018AdvancedAnnual report
「(China and South Korea) Revenue increased by ¥4,798 million, or 65.9%, year on year to ¥12,082 million, mainly due to higher product sales and mold sales to major customers by the Chinese subsidiary. Segment profit (operating profit) increased by ¥1,140 million, or 361.4%, to ¥1,456 million, owing to the effect of higher revenue despite higher costs associated with the mass production of new products.」
For the full year, revenue and segment profit exceeded the previous year's levels in all 4 regions. Segment profit was ¥13,079 million in Japan, ¥1,456 million in China and South Korea, ¥1,138 million in ASEAN, and ¥2,854 million in Central America and North America, confirming progress in improving the profitability of the regional bases based on full-year figures. - FY2018-Q3AdvancedAnnual report
「(Japan) Revenue increased by ¥7,936 million, or 8.6%, year on year to ¥100,738 million, mainly due to higher sales to major customers. Segment profit (operating profit) increased by ¥617 million, or 6.3%, to ¥10,414 million, despite higher R&D expenses associated with next-generation vehicle development, owing to the effect of higher revenue and cost-reduction initiatives. (China and South Korea) Revenue increased by ¥3,643 million, or 69.5%, to ¥8,883 million, mainly due to higher product sales and mold sales to major customers by the Chinese subsidiary. Segment profit (operating profit) increased by ¥1,308 million, or 502.3%, to ¥1,569 million, owing to the effect of higher revenue despite higher costs associated with the mass production of new products. (ASEAN) Sales to major customers were at about the same level as in the same period of the previous year, but revenue increased by ¥676 million, or 9.5%, to ¥7,813 million, mainly due to the effect of translating foreign-currency amounts into yen amid the weaker yen. Segment profit (operating profit) increased by ¥146 million, or 18.1%, to ¥956 million, mainly due to cost-reduction initiatives. (Central America and North America) Revenue increased by ¥2,261 million, or 19.5%, to ¥13,840 million, mainly due to higher sales to major customers by the Mexican subsidiary and the effect of translating foreign-currency amounts into yen amid the weaker yen. Segment profit (operating profit) increased by ¥730 million, or 88.1%, to ¥1,558 million, mainly due to cost-reduction initiatives.」
Revenue and segment profit increased year on year in all 4 regions. Segment profit increased 502.3% to ¥1,569 million in China and South Korea and 88.1% to ¥1,558 million in Central America and North America, confirming numerically measurable progress in improving the profitability of the regional bases. - FY2018-Q2AdvancedAnnual report
「(Japan) Revenue increased by ¥5,149 million, or 8.6%, year on year to ¥64,905 million, mainly due to higher sales to major customers. Segment profit (operating profit) increased by ¥368 million, or 6.0%, to ¥6,508 million, despite higher R&D expenses associated with next-generation vehicle development, owing to the effect of higher revenue and cost-reduction initiatives. (China and South Korea) Revenue increased by ¥1,561 million, or 43.5%, to ¥5,154 million, mainly due to higher sales to major customers by the Chinese subsidiary. Segment profit (operating profit) increased by ¥220 million, or 101.5%, to ¥437 million, owing to the effect of higher revenue despite higher costs associated with the mass production of new products. (ASEAN) Sales to major customers were at about the same level as in the same period of the previous year, but revenue increased by ¥133 million, or 2.7%, to ¥5,017 million, mainly due to the effect of translating foreign-currency amounts into yen amid the weaker yen. Segment profit (operating profit) increased by ¥105 million, or 18.7%, to ¥668 million, mainly due to cost-reduction initiatives. (Central America and North America) Revenue increased by ¥1,307 million, or 15.9%, to ¥9,536 million, mainly due to higher sales to major customers by the Mexican subsidiary and the effect of translating foreign-currency amounts into yen amid the weaker yen. Segment profit (operating profit) increased by ¥564 million, or 99.1%, to ¥1,133 million, owing to the effect of higher revenue, cost-reduction initiatives and foreign-exchange movements.」
Revenue and segment profit increased year on year in all 4 regions. Segment profit increased substantially in China and South Korea and in Central America and North America, confirming measurable progress in strengthening the bases and improving profitability in all 4 regions. - FY2018-Q1AdvancedAnnual report
「(Japan) Revenue increased by ¥3,810 million, or 13.4%, from the same period of the previous year to ¥32,272 million, due mainly to higher sales to major customers. Segment profit (operating income) increased by ¥614 million, or 24.9%, to ¥3,077 million, despite higher research and development expenses associated with next-generation vehicle development, among other factors, due to the effect of higher revenue and cost-reduction initiatives. (China and Korea) Revenue increased by ¥857 million, or 44.8%, to ¥2,769 million, due mainly to higher sales to major customers by the Chinese subsidiary. Segment profit (operating income) increased by ¥94 million, or 63.3%, to ¥243 million, despite higher costs associated with the mass production of new products, among other factors, due to the effect of higher revenue. (ASEAN) Revenue decreased by ¥175 million, or 6.7%, to ¥2,431 million, due mainly to lower sales to major customers by the Thai subsidiary. Segment profit (operating income) increased by ¥27 million, or 9.2%, to ¥330 million, as changes in the product mix and cost-reduction initiatives more than offset the effect of lower revenue. (Central America and North America) Revenue increased by ¥905 million, or 20.2%, to ¥5,398 million, due mainly to higher sales to major customers by the Mexican subsidiary. Segment profit (operating income) increased by ¥452 million, or 230.5%, to ¥648 million, due mainly to the effect of higher revenue and cost-reduction initiatives.」
Of the 4 regions, Japan, China and Korea, and Central America and North America recorded year-on-year increases in both revenue and segment profit. ASEAN recorded lower revenue but higher profit. There is quantifiable progress in improving the profitability of regional sites, although progress has not been uniform across regions. - FY2017ReframedAnnual report
「After taking into account changes in the business environment surrounding the Group and its results for the fiscal year ended March 2016, the Company partially revised the management strategies of its medium-term management plan as follows.」
To steadily accelerate the medium-term management plan, the Company has reorganized its strategy around 4 pillars: basic strategy, product strategy, customer strategy and site strategy, while adding stronger quality-improvement initiatives. - FY2017-Q3AdvancedAnnual report
「During the cumulative first 3 quarters under review (1 April 2016 to 31 December 2016), the Company opened the Oita Plant in Nakatsu, Oita Prefecture, and began full-scale operations. It also worked to launch mass production of new products at each site.」
Concrete progress includes the opening and commencement of full-scale operations at the Oita Plant and the launch of mass production of new products at each site. Segment profit was ¥260 million in China and Korea, ¥809 million in ASEAN, and ¥828 million in Central America and North America, indicating uneven progress by region. - FY2017-Q2AdvancedAnnual report
「(China and Korea) Although sales to major customers by the Chinese subsidiary increased, revenue decreased by ¥302 million, or 7.8%, from the same period of the previous year to ¥3,593 million, due mainly to the effect of the stronger yen when translated into yen. Segment profit (operating income) increased by ¥142 million, or 190.5%, from the same period of the previous year to ¥217 million, due mainly to cost-reduction initiatives.」
In China and Korea, one of the 4 regions, revenue declined but segment profit increased 190.5% year on year to ¥217 million. Segment profit in Central America and North America also increased to ¥569 million, while Japan and ASEAN recorded lower profit, indicating mixed progress by region. - FY2017-Q1AdvancedAnnual report
「(China and Korea) Revenue increased by ¥108 million, or 6.0%, from the same period of the previous year to ¥1,911 million, due mainly to higher sales to major customers by the Chinese subsidiary. Segment profit (operating income) was ¥149 million, compared with a segment loss (operating loss) of ¥22 million in the same period of the previous year, due mainly to the effect of higher revenue.」
In China and Korea, one of the 4 regions, profitability improved concretely, with the segment moving from a loss to profit of ¥149 million. Japan and ASEAN, however, recorded lower revenue and lower profit, indicating uneven progress across the regions. - FY2016First statedAnnual report
「Against this backdrop, the Company formulated a medium-term management plan ending in FY2018. To achieve this plan, it is establishing a foundation for growth at its business sites across 4 global regions and advancing initiatives to further strengthen profitability.」
The plan is to strengthen Japan, China and Korea, ASEAN, and Central America and North America as 4 regional growth platforms.