Cessation of production activities at 阿基里斯(佛山)新型材料有限公司
阿基里斯(佛山)新型材料有限公司 (the Company's consolidated subsidiary)
Manufacturing site at 455 Go-wa Avenue, Kenghe Town, Gaoming District, Foshan, Guangdong Province, China; vehicle interior materials and other products
The business environment deteriorated due to restrictions on activities associated with the spread of COVID-19, the rapid expansion of next-generation vehicles by Chinese automakers, successive production cutbacks and withdrawals by Japanese automakers, and rising raw material prices, making it difficult to continue production.
The Company is currently reviewing the expected costs and losses, including compensation payments to employees. No amount disclosed.
The impact on the full-year consolidated earnings forecast for the fiscal year ending March 2027 announced on 7 August 2026 is expected to be minor.
Company response
Cessation of production activities at 阿基里斯(佛山)新型材料有限公司 at the end of September 2026 (planned)
The Company will consolidate manufacturing sites related to the vehicle materials business at the Company and its joint venture in Jiangsu Province, China, thereby optimising its production structure. It will then promote business expansion globally across the mobility sector and work to strengthen the earnings power of its vehicle materials business.
The Company will promptly disclose any matters that should be disclosed in the future.
| Item | Details |
|---|---|
| Event name | Cessation of production activities at 阿基里斯(佛山)新型材料有限公司 |
| Date of occurrence | End of September 2026 (scheduled) |
| Date recognized / date notice received | 28 September 2026 (date of Board resolution) |
| Subject Entity | 阿基里斯(佛山)新型材料有限公司 (the Company's consolidated subsidiary) |
| Target Locations / Products | Manufacturing site at 455 Go-wa Avenue, Kenghe Town, Gaoming District, Foshan, Guangdong Province, China; vehicle interior materials and other products |
| Cause | The business environment deteriorated due to restrictions on activities associated with the spread of COVID-19, the rapid expansion of next-generation vehicles by Chinese automakers, successive production cutbacks and withdrawals by Japanese automakers, and rising raw material prices, making it difficult to continue production. |
| Amount of Impact on Business Performance | The Company is currently reviewing the expected costs and losses, including compensation payments to employees. No amount disclosed. |
| Impact on Earnings Forecast | The impact on the full-year consolidated earnings forecast for the fiscal year ending March 2027 announced on 7 August 2026 is expected to be minor. |
| Suspended operations | Cessation of production activities at 阿基里斯(佛山)新型材料有限公司 at the end of September 2026 (planned) |
| Outlook | The Company will consolidate manufacturing sites related to the vehicle materials business at the Company and its joint venture in Jiangsu Province, China, thereby optimising its production structure. It will then promote business expansion globally across the mobility sector and work to strengthen the earnings power of its vehicle materials business. |
| Planned follow-up disclosure | The Company will promptly disclose any matters that should be disclosed in the future. |
Items this document does not state (14)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The business environment deteriorated due to restrictions on activities resulting from the COVID-19 pandemic, the rapid expansion of next-generation vehicles by Chinese automakers, and production cutbacks and withdrawals by Japanese automakers, making it difficult to continue production.