Establishment of a Manufacturing and Technical Services Subsidiary in Hubei Province, China
First written in FY2018-Q2. 9 of 10 entries say "Advanced", first in FY2018. Latest entry: FY2022.
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- FY2022AdvancedAnnual report
「Centered on our Niigata plant, our main plant, and our Hubei plant in China, which commenced full-scale operations in January 2021 and also provides technical support functions, we will establish a global production structure capable of steadily supplying high-quality products that meet customer requirements and responding to disasters and geopolitical risks.」
The Hubei factory progressed from the factory construction and capital investment stage to full-scale operations in January 2021, and was positioned as a manufacturing, sales and technical services base. - FY2020-Q3AdvancedAnnual report
「Property, plant and equipment increased slightly to ¥8,071 million as the increase in construction in progress related to the construction of a plant by JCU表面技術（湖北）有限公司 outweighed decreases in investment securities and deferred tax assets.」
Construction in progress related to the Hubei subsidiary's factory construction increased, and development of the manufacturing, sales and technical services base progressed to the execution stage. - FY2020-Q2AdvancedAnnual report
「Although construction in progress related to the construction of a plant by JCU表面技術（湖北）有限公司 increased, property, plant and equipment decreased by ¥154 million, or 1.9%, to ¥7,916 million due to decreases in investment securities following their sale and in deferred tax assets.」
Construction in progress related to the Hubei subsidiary's factory construction increased, and development of the manufacturing, sales and technical services base progressed to the execution stage. - FY2020-Q1AdvancedAnnual report
「Although construction in progress related to the construction of a plant by JCU表面技術（湖北）有限公司 increased, property, plant and equipment decreased by ¥30 million, or 0.4%, to ¥8,040 million due to decreases in investment securities and deferred tax assets.」
An increase in construction in progress related to the Hubei subsidiary's factory construction was confirmed, and development of the manufacturing, sales and technical services base progressed to the execution stage. - FY2019AdvancedAnnual report
「Capital expenditures included ¥17 million for refurbishing production equipment at our Niigata Plant in Joetsu, Niigata Prefecture, ¥26 million for interior and exterior renovations at our Central Research Institute in Asao-ku, Kawasaki, and ¥486 million for the construction of a plant by JCU表面技術（湖北）有限公司.」
The Company invested ¥486 million in the fiscal year for construction of the Hubei subsidiary's factory, advancing development of a manufacturing, sales and technical services base. - FY2019-Q3AdvancedAnnual report
「Although construction in progress related to the construction of a plant by JCU表面技術（湖北）有限公司 increased, property, plant and equipment decreased by ¥400 million, or 5.0%, to ¥7,690 million due to decreases in investment securities and deferred tax assets.」
Construction in progress related to the Hubei subsidiary's factory construction continued to increase, and development of the factory and technical services base progressed to the execution stage. - FY2019-Q2AdvancedAnnual report
「Property, plant and equipment increased by ¥82 million, or 1.0%, to ¥8,173 million, mainly due to an increase in construction in progress related to the construction of a plant by JCU表面技術（湖北）有限公司.」
Construction in progress increased in connection with the Hubei subsidiary's factory construction, and development of the factory and technical services base progressed to the execution stage. - FY2019-Q1AdvancedAnnual report
「Property, plant and equipment increased by ¥85 million, or 1.1%, to ¥8,177 million, mainly due to an increase in construction in progress related to the construction of a plant by JCU表面技術（湖北）有限公司.」
An increase in construction in progress was recorded for the Hubei subsidiary's factory construction, indicating that the establishment and construction plans had progressed to the execution stage. - FY2018AdvancedAnnual report
「JCU表面技術（湖北）有限公司 | China | Plant construction | ¥2,993 million | Internal funds | May 2018 | September 2019」
The Hubei subsidiary's plans progressed from the establishment resolution stage to a factory construction plan funded with ¥2,993,160 thousand of internal funds, with commencement and completion schedules set. - FY2018-Q2First statedAnnual report
「At a Board of Directors meeting held on 22 September 2017, the Company resolved to establish a subsidiary as follows. Once the capital contribution is completed, the subsidiary's capital will be equivalent to 10% or more of the Company's capital, making it a specified subsidiary of the Company. 1. Purpose of establishing the subsidiary: The Company's sales in China have grown to account for one-third of the Group's total sales, and the importance of the Chinese market is expected to increase further. To respond to this, the Company will strengthen its China business by newly establishing a subsidiary with manufacturing and technical services functions. 2. Overview of the subsidiary to be established: (1) Name: JCU表面技術（湖北）有限公司; (2) Location: Xiantao, Hubei Province, People's Republic of China; (4) Business description: Manufacture and sale of surface treatment chemicals, plating trial processing, analysis and other technical services; (5) Capital: RMB 180,000 thousand; (6) Establishment: December 2017 (予定); (7) Ownership ratio: Company 100%.」
A resolution was passed to establish a wholly owned subsidiary in Xiantao, Hubei Province, China, with capital of RMB 180,000 thousand, scheduled for establishment in December 2017, to manufacture and sell surface treatment chemicals and provide technical services including plating trial processing and analysis.