Expansion of Indonesian Manufacturing and Sales Operations
First written in FY2016. 6 of 9 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2018: 2 of 21 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Overseas subsidiary PT. Shinto Paint Manufacturing Indonesia, overseas affiliates 神東艾仕得塗料系統股份有限公司 and TOA-SHINTO(THAILAND)CO.,LTD., and others manufacture and sell synthetic resin coatings and other products locally, and we provide technical guidance to each company.」
The existing structure continues, with manufacturing and sales conducted at overseas bases in Indonesia, Taiwan, Thailand and elsewhere, and the Company providing technical guidance. - FY2020RestatedAnnual report
「Overseas subsidiary PT. Shinto Paint Manufacturing Indonesia, overseas affiliates 神東艾仕得塗料系統股份有限公司 and TOA-SHINTO(THAILAND)CO.,LTD., and others manufacture and sell synthetic resin coatings and other products locally, and we provide technical guidance to each company.」
The existing structure continues, with manufacturing and sales conducted at overseas bases in Indonesia, Taiwan, Thailand and elsewhere, and the Company providing technical guidance. - FY2019RestatedAnnual report
「Overseas subsidiary PT. Shinto Paint Manufacturing Indonesia, overseas affiliates 神東艾仕得塗料系統股份有限公司 and TOA-SHINTO(THAILAND)CO.,LTD., and others manufacture and sell synthetic resin coatings and other products locally, and we provide technical guidance to each company.」
Manufacturing and sales and technical guidance by the Company continue at overseas bases, including Indonesia. - FY2019-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, the Company recorded a ¥720 million impairment loss on fixed assets at its Indonesian subsidiary under extraordinary losses, resulting in a quarterly net loss attributable to owners of the parent of ¥379 million.」
The deterioration in performance and ¥720 million impairment loss previously described for the Indonesian base were also confirmed in the nine-month period through the third quarter. No additional impairment loss was disclosed. - FY2019-Q2WorsenedAnnual report
「During the second quarter of the current consolidated fiscal year, the carrying amounts of the following asset groups were reduced to their recoverable amounts due to the deterioration in the performance of our consolidated subsidiary PT.Shinto Paint Manufacturing Indonesia and other factors. The resulting reduction of ¥720 million was recorded as an impairment loss under extraordinary losses.」
The Indonesian manufacturing and sales subsidiary recorded a ¥720 million impairment loss on fixed assets due to deteriorating performance, confirming the worsening conditions surrounding the development of the base. - FY2018RestatedAnnual report
「In addition, overseas subsidiary PT. Shinto Paint Manufacturing Indonesia, overseas affiliates 神東艾仕得塗料系統股份有限公司 and TOA-SHINTO(THAILAND)CO.,LTD., and others manufacture and sell synthetic resin coatings and other products locally, and we provide technical guidance to each company.」
Manufacturing and sales and technical guidance by the Company continue at overseas bases, including Indonesia. No explicit completion of new facilities or other such progress has been disclosed. - FY2017RestatedAnnual report
「Overseas subsidiary PT. Shinto Paint Manufacturing Indonesia, overseas affiliates 神東艾仕得塗料系統股份有限公司 and TOA-SHINTO(THAILAND)CO.,LTD., and others manufacture and sell synthetic resin coatings and other products locally, and we provide technical guidance to each company.」
Manufacturing and sales and technical guidance continue at overseas bases, including the Indonesian subsidiary. No explicit progress, such as the completion of new facilities, has been disclosed. - FY2017-Q2AdvancedAnnual report
「PT. Shinto Paint Manufacturing Indonesia, a consolidated subsidiary of the Company, issued new shares on 11 October 2016 through a private placement capital increase by way of a debt-equity swap. Number of new shares issued: 1,357 common shares Total issue price: US$13,570 thousand」
The Indonesian manufacturing and sales subsidiary conducted a private placement capital increase through a debt-equity swap on 11 October 2016. This represented progress in terms of capital, rather than the expansion of facilities for business operations itself. - FY2016First statedAnnual report
「Overseas subsidiary PT. Shinto Paint Manufacturing Indonesia, overseas affiliates 神東艾仕得塗料系統股份有限公司 and TOA-SHINTO(THAILAND)CO.,LTD., and others manufacture and sell synthetic resin coatings and other products locally, and we provide technical guidance to each company.」
The Indonesian subsidiary owns coating manufacturing facilities and was included in the scope of consolidation from the current fiscal year due to its increased materiality.