Start-up Costs and Production Shortfalls at Overseas Plating Facilities
First written in FY2016. 13 of 28 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2025-H1.
3 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「Although demand for plating automotive parts remained weak, demand for plating electronic circuit boards increased, and efforts to reduce costs and improve yield resulted in revenue exceeding the previous year and an improved segment loss. As a result, revenue for the six months ended the interim period was ¥2,047 million, up 1.3% year on year, and the segment loss was ¥52 million, compared with a segment loss of ¥194 million in the same period of the previous year.」
Although demand for automotive parts remained weak, increased demand for electronic circuit boards, cost reductions and improved yield lifted revenue 1.3% and narrowed the segment loss from ¥194 million to ¥52 million. - FY2024WorsenedAnnual report
「The plating-processing business saw demand for plating plastics decline in Thailand and Indonesia as electric vehicles rapidly gained popularity and the use of painted parts expanded, causing both revenue and segment profit to fall below the previous fiscal year. As a result, revenue for the fiscal year was ¥4,298 million, down 13.1% year on year, and the segment loss was ¥346 million, compared with a segment loss of ¥316 million in the previous fiscal year.」
In the overseas plating-processing business in Thailand and Indonesia, demand remained sluggish because of the spread of electric vehicles and the expanded use of painted parts, widening the segment loss from ¥316 million to ¥346 million. - FY2024-Q2MitigatedAnnual report
「Demand for plating plastics declined in Thailand and Indonesia as electric vehicles rapidly gained popularity and the use of painted parts expanded, causing revenue to fall below the same quarter of the previous year and resulting in a segment loss. As a result, revenue for the six months ended the second quarter was ¥2,021 million, down 17.0% year on year, and the segment loss was ¥194 million, compared with a segment loss of ¥227 million in the same period of the previous year.」
Although demand in the overseas plating-processing business remained sluggish, the segment loss narrowed from ¥227 million in the same quarter of the previous year to ¥194 million. - FY2024-Q1WorsenedAnnual report
「Demand for plating plastics declined in Thailand and Indonesia as electric vehicles rapidly gained popularity and the use of painted parts expanded, causing both revenue and segment profit to fall below the same quarter of the previous year. As a result, revenue for the three months ended the first quarter was ¥1,080 million, down 15.7% year on year, and the segment loss was ¥38 million, compared with segment profit of ¥15 million in the same period of the previous year.」
In the overseas plating-processing business, demand declined as electric vehicles and painted parts became more prevalent, worsening results from profit of ¥15 million in the previous year to a loss of ¥38 million. - FY2023-Q3WorsenedAnnual report
「Plating services for package substrates in Taiwan performed steadily. Plating services for the automotive industries in Thailand and Indonesia had not yet achieved a full recovery due to the impact of China's zero-COVID policy, but sales exceeded those of the same quarter of the previous year as the businesses emerged from the sharp downturn caused by COVID-19 in the previous fiscal year. Profit was affected by soaring prices for raw materials, including nonferrous metals. As a result, for the nine months ended 31 December of the current fiscal year, net sales were ¥3,695 million, up 9.6% year on year, and the segment recorded a loss of ¥316 million, compared with segment profit of ¥22 million in the same period of the previous year.」
Although automotive plating in Thailand and Indonesia had emerged from the sharp downturn, it did not reach a full recovery because of China's zero-COVID policy, and soaring raw-material prices also contributed to a shift from profit in the previous year to a loss of ¥316 million. - FY2023-Q2WorsenedAnnual report
「Plating for package substrates in Taiwan progressed smoothly. Plating for the automotive industries in Thailand and Indonesia had not yet reached a full recovery, but revenue exceeded the same quarter of the previous year because the business had emerged from the sharp downturn caused by COVID-19 in the previous period. Profit was affected by soaring prices of raw materials such as nonferrous metals. As a result, revenue for the six months ended the second quarter was ¥2,435 million, up 4.6% year on year, and the segment loss was ¥227 million, compared with segment profit of ¥35 million in the same period of the previous year.」
Although automotive plating in Thailand and Indonesia had emerged from the sharp downturn, it had not reached a full recovery, and the business moved from profit in the previous year to a loss of ¥227 million because of soaring raw-material prices. - FY2023-Q1WorsenedAnnual report
「Taiwan performed steadily, but the automotive industries in Thailand and Indonesia remained in a difficult business environment as automakers continued production adjustments because of the impact of COVID-19, while the business was also affected by soaring prices of raw materials such as nonferrous metals. As a result, revenue for the three months ended the first quarter was ¥1,281 million, up 6.3% year on year, and segment profit was ¥15 million, down 34.8% year on year.」
Although Taiwan performed steadily, the impact of production adjustments by automakers and soaring raw-material prices continued in Thailand and Indonesia, and segment profit fell 34.8% year on year. - FY2022MitigatedAnnual report
「The plating-processing business faced continued sluggishness in the automotive industries in Thailand and Indonesia because of the spread of COVID-19, resulting in a difficult business environment. However, plating of printed circuit boards in Taiwan performed well, and both revenue and segment profit exceeded the previous fiscal year. As a result, revenue for the fiscal year was ¥4,518 million, up 7.7% year on year, and segment profit was ¥29 million, compared with a segment loss of ¥222 million in the previous fiscal year.」
Although the automotive industries in Thailand and Indonesia remained sluggish, plating of printed circuit boards in Taiwan performed well, improving the overseas plating-processing business from a loss to profit of ¥29 million. - FY2022-Q3MitigatedAnnual report
「The automotive industries in Thailand and Indonesia remained sluggish because of the spread of COVID-19, resulting in a continued difficult business environment. However, plating of printed circuit boards in Taiwan performed well, and both revenue and segment profit exceeded the same quarter of the previous year. As a result, revenue for the nine months ended the third quarter was ¥3,371 million, up 15.4% year on year, and segment profit was ¥22 million, compared with a segment loss of ¥255 million in the same period of the previous year.」
Although the automotive industries in Thailand and Indonesia remained sluggish, plating of printed circuit boards in Taiwan performed well, resulting in a 15.4% increase in revenue and an improvement from a segment loss to profit of ¥22 million. - FY2022-Q2MitigatedAnnual report
「The automotive industries in Thailand and Indonesia remained sluggish because of the spread of COVID-19, resulting in a continued difficult business environment. However, plating of printed circuit boards in Taiwan performed well, and both revenue and segment profit exceeded the same quarter of the previous year. As a result, revenue for the six months ended the second quarter was ¥2,328 million, up 17.8% year on year, and segment profit was ¥35 million, compared with a segment loss of ¥191 million in the same period of the previous year.」
Although the automotive industries in Thailand and Indonesia remained sluggish, plating of printed circuit boards in Taiwan performed well, resulting in a 17.8% increase in revenue and an improvement from a segment loss to profit of ¥35 million. - FY2022-Q1MitigatedAnnual report
「The automotive industries in Thailand and Indonesia remained sluggish because of the spread of COVID-19, and revenue fell below the same quarter of the previous year. As a result, revenue for the three months ended the first quarter was ¥1,206 million, down 12.0% year on year, while segment profit was ¥24 million, up 148.9% year on year.」
Although revenue fell below the same quarter of the previous year because of sluggish automotive industries in Thailand and Indonesia, segment profit was ¥24 million, up 148.9% year on year. - FY2021WorsenedAnnual report
「The plating-processing business was affected by continued sluggishness in the automotive industries in Thailand and Indonesia, and both revenue and segment profit fell below the previous fiscal year. As a result, revenue for the fiscal year was ¥4,196 million, down 24.5% year on year, and the segment loss was ¥222 million, compared with a segment loss of ¥15 million in the previous fiscal year.」
As the automotive industries in Thailand and Indonesia remained sluggish, revenue in the overseas plating-processing business fell 24.5%, and the segment loss widened from ¥15 million to ¥222 million. - FY2021-Q3WorsenedAnnual report
「The automotive industries in Thailand and Indonesia remained sluggish, and both revenue and segment profit fell below the same quarter of the previous year. As a result, revenue for the nine months ended the third quarter was ¥2,922 million, down 30.3% year on year, and the segment loss was ¥255 million, compared with segment profit of ¥84 million in the same period of the previous year.」
As the automotive industries in Thailand and Indonesia remained sluggish, revenue in the overseas plating-processing business fell 30.3%, and the business moved from segment profit of ¥84 million in the previous year to a loss of ¥255 million. - FY2021-Q2WorsenedAnnual report
「The automotive industries in Thailand and Indonesia remained sluggish, and both revenue and segment profit fell below the same quarter of the previous year. As a result, revenue for the six months ended the second quarter was ¥1,976 million, down 29.9% year on year, and the segment loss was ¥191 million, compared with segment profit of ¥73 million in the same period of the previous year.」
As the automotive industries in Thailand and Indonesia remained sluggish, the overseas plating-processing business moved from segment profit in the previous year to a loss of ¥191 million. - FY2021-Q1RestatedAnnual report
「The automotive industries in Thailand and Indonesia remained sluggish, and both revenue and segment profit fell below the same quarter of the previous year.」
The sluggish automotive industries in Thailand and Indonesia and their impact on revenue and segment profit in the overseas plating-processing business have continued. - FY2020-Q3WorsenedAnnual report
「Revenue and segment profit both fell below the same quarter of the previous year because of the slowdown in Thailand's automotive industry and the withdrawal from the domestic business in Japan.」
The business has shifted from the improvement and return to profitability at overseas plating-processing sites reported through the previous quarter to a situation in which revenue and segment profit are below the previous year because of the slowdown in Thailand's automotive industry and the withdrawal from the domestic business. - FY2020-Q1RestatedAnnual report
「Although revenue fell below the same quarter of the previous year because the company withdrew from its domestic business in Japan, improved yield at the consolidated subsidiaries in Thailand and Indonesia increased segment profit and returned the segment to profitability.」
Overseas plating-processing sites have continued to return to profitability as yield improves, reconfirming the reduction in risks identified through the previous report. - FY2019-Q3MitigatedAnnual report
「As the automotive industries in Thailand and Indonesia recovered and orders for plating automotive circuit boards at the consolidated subsidiary in Taiwan remained firm, revenue exceeded the same quarter of the previous year. Yield also improved, and the segment returned to profitability. As a result, revenue for the nine months ended the third quarter was ¥4,872 million, up 33.4% year on year, and segment profit was ¥100 million, compared with a segment loss of ¥155 million in the same period of the previous year.」
Revenue increased as the automotive industries in Thailand and Indonesia recovered and orders for automotive circuit boards in Taiwan grew, while improved yield returned the plating-processing business to profitability, with segment profit of ¥100 million versus the previous year's loss. - FY2019-Q2MitigatedAnnual report
「As the automotive industries in Thailand and Indonesia recovered and orders for plating automotive circuit boards at the consolidated subsidiary in Taiwan remained firm, revenue exceeded the same quarter of the previous year. Yield also improved, reducing the loss. As a result, revenue for the six months ended the second quarter was ¥3,153 million, up 34.4% year on year, and the segment loss was ¥1 million, compared with a segment loss of ¥126 million in the same period of the previous year.」
Revenue increased as the automotive industries in Thailand and Indonesia recovered and the Taiwan subsidiary received orders for automotive circuit boards, while improved yield significantly reduced the loss. - FY2019-Q1MitigatedAnnual report
「As the automotive industries in Thailand and Indonesia recovered, revenue exceeded the same quarter of the previous year. Segment profit, however, was negative because low yield on plating difficult, large-scale processed parts at the consolidated subsidiary in Indonesia and elsewhere weighed on earnings. As a result, revenue for the three months ended the first quarter was ¥1,530 million, up 30.5% year on year, and the segment loss was ¥32 million, compared with a segment loss of ¥54 million in the same period of the previous year.」
Revenue exceeded the same quarter of the previous year as the automotive industries in Thailand and Indonesia recovered, and the segment loss narrowed from ¥54 million to ¥32 million. However, losses due to low yield on large-scale processed parts remained at overseas sites. - FY2018WorsenedAnnual report
「Revenue increased from the previous fiscal year as the automotive industries in Thailand and Indonesia recovered. However, the consolidated subsidiary in Indonesia recorded a segment loss because the increase in difficult, large-scale orders reduced yield and production costs increased due to equipment upgrades and other measures to meet orders. As a result, revenue for the fiscal year was ¥5,058 million, up 7.5% year on year, and the segment loss was ¥236 million, compared with segment profit of ¥35 million in the previous fiscal year.」
Revenue increased as the automotive industry recovered, but costs continued to rise at the Indonesia site because of lower yield and equipment upgrades, resulting in a full-year segment loss of ¥236 million. - FY2018-Q3WorsenedAnnual report
「At the group's main consolidated subsidiary in Thailand, the order environment improved as signs of recovery emerged in the Thai automotive industry, but the business was affected by the slowdown in exports that had continued since the beginning of the fiscal year and stagnant domestic demand. At the consolidated subsidiary in Indonesia, revenue increased as the domestic economy stabilized and the automotive industry began to recover, leading to higher orders for plating automotive exterior parts. However, profit remained negative because the increase in difficult, large-scale orders reduced yield and production costs increased due to equipment upgrades and other measures to meet orders. As a result, revenue for the nine months ended the third quarter was ¥3,651 million, up 1.3% year on year, and the segment loss was ¥155 million, compared with segment profit of ¥87 million in the same period of the previous year.」
Although the order environment improved in Thailand, the impact of slower exports and stagnant domestic demand remained, while Indonesia continued to report losses because of lower yield and higher production costs. The segment deteriorated from profit of ¥87 million in the same quarter of the previous year to a loss of ¥155 million. - FY2018-Q2WorsenedAnnual report
「At the group's main consolidated subsidiary in Thailand, orders declined as Thailand's automotive industry was affected by stagnant consumer sentiment, caused by consumers refraining from purchasing luxury goods following the King's death, and by a slowdown in exports. At the consolidated subsidiary in Indonesia, revenue increased as the domestic economy stabilized and the automotive industry began to recover, leading to higher orders for plating automotive exterior parts. However, profit remained negative because the increase in difficult, large-scale orders reduced yield and production costs increased due to equipment upgrades and other measures to meet orders.」
Thailand experienced a decline in orders due to stagnation in the automotive industry and slower exports, while Indonesia saw orders increase but continued to report losses because of lower yield and higher production costs. - FY2018-Q1WorsenedAnnual report
「Orders for plating automotive exterior parts declined because of sluggish automotive industries in Thailand and Indonesia, resulting in lower revenue than in the same quarter of the previous year and a segment loss.」
The company reported that orders in its overseas plating-processing business declined because of sluggish automotive industries in Thailand and Indonesia, resulting in a segment loss. - FY2017-Q3RestatedAnnual report
「At the group's main consolidated subsidiary in Thailand, mass production of plated hard polycarbonate ABS resin used for automotive door handles progressed smoothly, and both revenue and segment profit exceeded the same quarter of the previous year. As a result, revenue for the nine months ended the third quarter was ¥3,603 million, up 0.7% year on year, and segment profit was ¥87 million, compared with a segment loss of ¥175 million in the same period of the previous year.」
Mass production of polycarbonate ABS resin plating at the Thailand site continued to progress smoothly, with revenue and segment profit exceeding the same quarter of the previous year. - FY2017-Q2RestatedAnnual report
「At the group's main consolidated subsidiary in Thailand, mass production of plated hard polycarbonate ABS resin used for automotive door handles progressed smoothly, and both revenue and segment profit exceeded the same quarter of the previous year.」
Mass production of polycarbonate ABS resin plating at the Thailand site remained on track, as in the previous quarter, and revenue and segment profit exceeded the same quarter of the previous year. - FY2017-Q1MitigatedAnnual report
「At the group's main consolidated subsidiary in Thailand, mass production of plated hard polycarbonate ABS resin used for automotive door handles progressed smoothly, and both revenue and segment profit exceeded the same quarter of the previous year.」
Mass production of polycarbonate ABS resin progressed smoothly, and the business moved from the phase of initial costs associated with adapting the Thailand site to the new material, as reported in the previous period, to a level where revenue and profit exceeded the same quarter of the previous year. - FY2016MaterialisedAnnual report
「The group's main consolidated subsidiary in Thailand began plating a new material, polycarbonate ABS resin, for automotive parts, but incurred initial costs associated with increasing production capacity. At the consolidated subsidiary in Indonesia, production fell below the initially planned level because domestic automotive production in Indonesia remained sluggish.」
Thailand incurred initial costs associated with adapting to the new material, while Indonesia fell short of its production target because of sluggish automotive production.