Reorganization of the furnace configuration to align with the demand balance
First written in FY2016. 7 of 13 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Operating income was ¥4,160 million, up 8.1% year on year, due to cost-reduction measures such as productivity improvements from upgrading glass bottle production equipment, as well as revisions to selling prices.」
Following the restructuring of the production system and furnace upgrades after the cessation of operations at the Himeji Plant, productivity improvements and cost reductions from production-equipment upgrades were identified as factors driving higher operating income. - FY2024ReframedAnnual report
「The company will work with its production sites to make rapid customer proposals that meet market needs and secure new product orders, while achieving a vertical ramp-up after the scheduled maintenance of the glass melting furnace planned for the next consolidated fiscal year and accurately capturing supply-and-demand trends in the glass bottle market.」
Following the previous production-system restructuring, including the cessation of operations at the Himeji Plant, the company identifies the vertical ramp-up after scheduled maintenance of the melting furnace in the next fiscal year and customer proposals as new operational priorities. - FY2024-Q1AchievedAnnual report
「Although the company has been pursuing price revisions to offset soaring prices for various materials, revenue was ¥3,281 million, down 11.3% year on year, due to the impact of reduced production at the Himeji Plant, which ceased operations in the previous fiscal year.」
The disclosure states that the Himeji Plant ceased operations in the previous fiscal year, confirming the production-cessation phase of the previously approved restructuring from two plants to one. - FY2023-Q3AdvancedAnnual report
「Quarterly net income attributable to owners of the parent was ¥197 million, down 91.6% year on year, due to the recognition of losses related to plant closure associated with the cessation of production at the Himeji Plant.」
The company has recorded ¥1,245 million in losses related to plant closure in connection with the restructuring, including the cessation of production at the Himeji Plant, indicating that the accounting treatment associated with the restructuring is progressing. The disclosure does not state that the cessation of production itself was completed. - FY2023-Q2AdvancedAnnual report
「Losses related to plant closure – 1,058」
The company recorded ¥1,058 million in losses related to plant closure for the six months ended the second quarter in connection with the plant restructuring, including the cessation of production at the Himeji Plant. The disclosure does not state that the cessation of production itself was completed. - FY2023-Q1AdvancedAnnual report
「Losses related to plant closure 23」
The company recorded ¥23 million in losses related to plant closure during the quarter in connection with the previously approved plant restructuring and the cessation of operations at the Himeji Plant. The disclosure does not state that the closure itself was completed. - FY2021ReframedAnnual report
「Given these circumstances, the company determined that it would be difficult to make new investment in the melting furnace at the Himeji Plant, which was approaching its scheduled renewal, and resolved to restructure its operations from two plants, Iwakura and Himeji, to a single plant at Iwakura. Following the restructuring of the production system, the company will meet supply requirements through production at the Iwakura Plant and by outsourcing production to other companies. Production of glass bottles at the Himeji Plant is scheduled to cease at the end of December 2022.」
Separate from the previous restructuring of the furnace configuration completed in fiscal year 83, the company resolved on a new production-system restructuring from two plants to one, including the cessation of production at the Himeji Plant. - FY2018AchievedAnnual report
「To address medium-term changes in demand in the glass bottle market, the restructuring of the production system initiated in fiscal year 82 was completed in fiscal year 83.」
The company explicitly states that the restructuring of the glass bottle production system initiated in fiscal year 82 was completed in fiscal year 83. - FY2017AdvancedAnnual report
「To address medium-term changes in demand in the glass bottle market, the restructuring of the furnace configuration, initiated in fiscal year 82, will be completed at the beginning of fiscal year 83. After the restructuring, the company will promptly ramp up operations and establish a foundation for stable profit generation by securing a production system capable of meeting demand for glass bottles and a quality system that satisfies customer needs.」
The restructuring of the furnace configuration initiated in fiscal year 82 is scheduled for completion at the beginning of the fiscal year, followed by the post-restructuring ramp-up phase. - FY2017-Q1AdvancedAnnual report
「Operating income was ¥793 million, down 13.0% year on year, mainly due to the impact of lower revenue and a decline in the operating rate resulting from the restructuring of the glass bottle production system.」
The planned restructuring of the glass bottle production system entered the implementation phase and affected the operating rate during the quarter. - FY2016First statedAnnual report
「To address the medium-term demand balance in the glass bottle market, the furnace configuration will be restructured from fiscal year 82 to fiscal year 83.」
Assuming declining demand, the company is planning to restructure its melting furnace configuration over a specified fiscal-year period.