Stable operation of the Vietnam plant and expansion of sales channels in Southeast Asia
First written in FY2020. 6 of 12 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2026.
Japan Insulation moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 4 of 24 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026ReframedAnnual report
「We will transfer production of insulation materials (boards) to the Vietnam plant of our subsidiary, raise the plant's operating rate and improve productivity.」
Measures for stable operation of the Vietnam plant have evolved from the previous policy of maintaining operations to a more concrete plan focused on raising the operating rate and productivity by transferring insulation-material production. - 2026-05-13AdvancedManagement Plan
「保温材の製造移管︓岐⾩⼯場⇒ベトナム⼯場＜2026年＞」
岐阜工場の老朽化対策とベトナム工場の稼働率改善を目的とする製造移管計画を具体化した。 - FY2024RestatedAnnual report
「We will make every effort to maintain stable operation of the Vietnam plant.」
The company continues its policy of maintaining stable operation of the Vietnam plant, which has previously been subject to impairment and operating restrictions. - FY2023WorsenedAnnual report
「In the business related to the consolidated subsidiary ジェイ アイ シー ベトナム有限会社, impairment indicators were identified due to continuing operating losses. After examining future recoverability, the carrying amount of production equipment and other assets was reduced to their recoverable amount, and the reduction of ¥66.431 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥66.431 million was recognized in connection with the Vietnamese subsidiary, and the recoverable amount was estimated at zero. - FY2022MitigatedAnnual report
「Demand for maintenance products for domestic general customers and products of overseas subsidiaries remained weak, but shipments gradually recovered. Although revenue declined slightly year on year, it remained at approximately the same level as in the previous fiscal year.」
Demand for products of overseas subsidiaries, including those in Vietnam, remained weak, but shipments gradually began to recover. - FY2022-Q3MitigatedAnnual report
「At the consolidated subsidiary ジェイアイシーベトナム有限会社, operations had been intermittently suspended due to activity restrictions in Vietnam to prevent the spread of COVID-19, but the operating rate has been gradually improving as restrictions have been eased.」
It was stated that intermittent suspensions of operations continued at the Vietnamese subsidiary, although the operating rate was gradually improving as activity restrictions were eased. - FY2022-Q2WorsenedAnnual report
「At the consolidated subsidiary ジェイ アイ シー ベトナム有限会社, operations were intermittently suspended due to activity restrictions in Vietnam and other measures resulting from the spread of COVID-19 infections.」
At the Vietnamese subsidiary, operations were intermittently suspended due to activity restrictions and other measures accompanying the spread of infections, and the impact on plant operations has continued. - FY2022-Q1WorsenedAnnual report
「The consolidated subsidiary ジェイ アイ シー ベトナム有限会社 was also affected by activity restrictions and other measures resulting from the spread of COVID-19 infections in Southeast Asia.」
The Vietnamese subsidiary was affected by the spread of COVID-19 in Southeast Asia and activity restrictions, and the existing factors adversely affecting plant operations have persisted. - FY2021WorsenedAnnual report
「At the consolidated subsidiary ジェイ アイ シー ベトナム有限会社, impairment indicators were identified due to continuing operating losses. After examining future recoverability, the carrying amount of production equipment and other assets was reduced to their recoverable amount, and the reduction of ¥485.398 million was recognized as an impairment loss under extraordinary losses.」
The impairment loss related to the Vietnamese subsidiary totaled ¥485.398 million for the year following continuing operating losses, and the recoverable amount was estimated at zero. - FY2021-Q3WorsenedAnnual report
「At the consolidated subsidiary ジェイ アイ シー ベトナム有限会社, additional impairment of fixed assets was recognized in the consolidated accounting period for the third quarter, and an extraordinary loss was recorded.」
Additional impairment arose at the Vietnamese subsidiary in the third quarter. The impairment loss was ¥480.473 million, and the recoverable amount of production equipment and other assets was estimated at zero. - FY2021-Q2WorsenedAnnual report
「At the consolidated subsidiary ジェイ アイ シー ベトナム有限会社, impairment indicators were identified due to continuing operating losses. After examining future recoverability, the carrying amount of production equipment and other assets was reduced to their recoverable amount, and the reduction of ¥462.627 million was recognized as an impairment loss under extraordinary losses.」
The Vietnam plant underwent impairment of fixed assets due to continuing operating losses, worsening the conditions underlying the existing measures for stable operation. - FY2020First statedAnnual report
「We will make every effort to maintain stable operation of the Vietnam plant.」
The company is also pursuing stronger sales activities in Southeast Asia in cooperation with distributors in each country for products manufactured at the Vietnam plant.