Withdrawal from the fire-resistant double-layer pipe business
First written in FY2022-Q2. 1 of 3 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2023-Q2.
No other company in this theme has enough history to compare yet.
- FY2023-Q2AchievedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, we recorded ¥12 million as a loss on disposal of inventories in non-operating expenses, representing the loss associated with the withdrawal from the fire-resistant double-layer pipe business.」
For the fire-resistant double-layer pipe business, from which the company withdrew in March 2022, it recorded a ¥12 million loss on disposal of inventories associated with the withdrawal, indicating that post-withdrawal processing has progressed. - FY2022-Q3AdvancedAnnual report
「“With respect to fire-resistant double-layer pipes, in response to declining demand and rising manufacturing costs, we have decided to withdraw from the fire-resistant double-layer pipe business as of March 2022.” “During the cumulative third quarter of the current consolidated fiscal year, we recorded ¥304 million as a loss on business withdrawal in extraordinary losses, representing the loss associated with the withdrawal from the fire-resistant double-layer pipe business.”」
The company has maintained its policy of withdrawing from the business in March 2022 and has progressed to the stage of recording a ¥304 million loss on business withdrawal associated with the withdrawal. - FY2022-Q2First statedAnnual report
「In response to declining demand and higher manufacturing costs, the company decided to withdraw from the fire-resistant double-wall pipe business as of March 2022.」
The company has stated for the first time its policy of withdrawing from the fire-resistant double-layer pipe business by March 2022, against a backdrop of declining demand and rising manufacturing costs.