Suspension and closure of the Osaka Plant at the Hirakata Works
First written in FY2016. 1 of 3 entries say "Achieved", first in FY2016. Latest entry: FY2017-Q2.
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- FY2017-Q2Cited as achievedAnnual report
「In this business segment, net sales declined by ¥234 million, or 6.7%, year on year to ¥3,270 million, while operating profit declined by ¥178 million, or 26.0%, to ¥508 million, due to the closure of the Osaka Plant at the end of March 2016 and a decrease in processing volumes resulting from, among other factors, operating problems at processing facilities of affiliated companies.」
The closure of the Osaka Plant at the end of March 2016 is again cited as a factor behind the decline in processing volumes in the environmental recycling business. - FY2017-Q1AdvancedAnnual report
「Following the closure of the Osaka Plant at the Hirakata Works, we decided to sell the relevant assets to improve asset efficiency. Transfer schedule: Contract execution date: 27 April 2016; property handover date: 31 March 2017 (scheduled); transfer price: ¥2,150 million.」
A sale agreement for the plant site and other assets was executed as a measure to improve asset efficiency following the plant closure. Handover is scheduled for 31 March 2017. - FY2016AchievedAnnual report
「The Osaka Plant at the Hirakata Works, which had continued operations as our group's dedicated semi-finished products plant, suspended operations at the end of March 2016, as announced on 30 March 2015, due in part to the difficult market conditions for semi-finished products in Japan and overseas.」
Against a backdrop of difficult market conditions for semi-finished products, the plant was closed, and efforts are also being made to improve asset efficiency through the sale of the plant site.