Withdrawal from and Scaling Back of Unprofitable Businesses
First written in FY2016. 11 of 15 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
22 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「During the current consolidated fiscal year, the company is reviewing its automotive glass production structure, primarily in Germany and Italy.」
The response to unprofitable and low-profitability businesses expanded beyond the previous shutdown of architectural glass furnaces in Germany to a review of the automotive glass production structure, primarily in Germany and Italy. - 2026-05-11Cited as achievedResults presentation
「The cost-reduction benefits from the production stoppage implemented in the previous fiscal year continued to contribute.」
The effects of the production stoppage implemented in the previous fiscal year continued to be cited as a factor in improved profitability in the architectural glass business. - FY2026-H1Cited as achievedAnnual report
「Cost reductions associated with production stoppages implemented in the previous fiscal year continued to contribute.」
The effects of production stoppages and production-capacity adjustments implemented in the previous fiscal year continued to be cited as factors improving profitability in the European architectural glass business. - FY2025AdvancedAnnual report
「Taking into account supply and demand conditions in the European glass market, the company decided to bring forward the production shutdown of 2 architectural glass float furnaces in Germany and review its automotive glass production structure.」
In addition to the early shutdown of 2 architectural glass furnaces in Germany, the scope was expanded to include a review of the automotive glass production structure. - FY2025-H1AdvancedAnnual report
「In light of continued weak demand, the company announced on 10 October 2024 that it would halt production in January 2025 at 1 of the 2 float furnaces operating at its Gratkorn plant in Germany.」
As a measure addressing unprofitable and low-profitability businesses, the company announced a specific plan to halt 1 of the 2 float furnaces at its Gratkorn plant in Germany in January 2025. - FY2021AdvancedAnnual report
「Consideration of substantial downsizing or withdrawal from non-core strategic businesses」
The company positioned the downsizing or withdrawal from non-core businesses more clearly than before as a key measure under RP24. - FY2021-Q1AdvancedAnnual report
「Most restructuring costs include costs associated with the termination of employees’ employment contracts. During the first quarter of the current consolidated fiscal year, these costs arose in the architectural glass business in Southeast Asia and the automotive glass business in Europe.」
The response to unprofitable and low-profitability businesses continued, with the restructuring targets specified as the architectural glass business in Southeast Asia and the automotive glass business in Europe. - FY2020AdvancedAnnual report
「Most restructuring costs for the current consolidated fiscal year included costs associated with the termination of employees’ employment contracts. The largest portion related to the automotive glass business in Europe, with a smaller portion also relating to the automotive glass business in South America.」
The response to unprofitable and low-profitability businesses continued, with restructuring costs reaching ¥6.368 billion. The measures focused on the automotive glass business in Europe and also extended to South America. - FY2019AdvancedAnnual report
「The major restructuring activities during the current consolidated fiscal year involved the architectural glass and automotive glass businesses in Europe and the architectural glass business in Japan.」
The main restructuring targets were specified as the architectural and automotive glass businesses in Europe and the architectural glass business in Japan, with full-year costs of ¥4.415 billion. - FY2019-Q3AdvancedAnnual report
「The realized gain on translation differences associated with the closure of a business during the first nine months of the current consolidated fiscal year arose from the reclassification adjustment through the consolidated income statement to retained earnings of the cumulative translation differences of a foreign operation previously recognized through the consolidated statement of comprehensive income, following the closure of a division of the high-performance glass business in China.」
A division of the high-performance glass business in China was closed, resulting in recognition of a ¥698 million realized gain on translation differences associated with the business closure. - FY2018AdvancedAnnual report
「The expenses for the current consolidated fiscal year, the fiscal year ended March 2018, arose from the restructuring of the high-performance glass business in China and the automotive glass business in Europe, as well as numerous small-scale restructuring initiatives in regions around the world.」
The scope expanded to high-performance glass in China, automotive glass in Europe and small-scale initiatives in regions around the world, bringing full-year restructuring costs to ¥5.19 billion. - FY2017-Q3RestatedAnnual report
「The profit from business withdrawals for the first nine months of the current consolidated fiscal year arose from the Group’s withdrawal from its textured glass business for crystalline silicon photovoltaic power generation in China.」
Disclosure of profit recognition associated with the withdrawal from the China business continued. - FY2017-Q2AdvancedAnnual report
「The profit from business withdrawals for the first half of the current consolidated fiscal year arose from the Group’s withdrawal from its textured glass business for crystalline silicon photovoltaic power generation in China.」
Recognized ¥855 million in profit during the first half from the withdrawal from the textured glass business in China. - FY2017-Q1AdvancedAnnual report
「The profit from business withdrawals for the first quarter of the current consolidated fiscal year arose from the Group’s withdrawal from its textured glass business for crystalline silicon photovoltaic power generation in China.」
The withdrawal from unprofitable businesses was recognized as accounting profit, indicating progress in implementing the measures. - FY2016First statedAnnual report
「In line with this policy, we will continue to consider and implement the necessary measures.」
The company has indicated that it will establish a production structure aligned with market demand and proceed with the withdrawal from or downsizing of unprofitable businesses.