Mitsubishi Steel Mfg. (5632) · InitiativeAchieved
Withdrawal from the Thai cast-magnet business
First written in FY2020-Q2. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
2entries
2years
0from disclosures
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Withdrawal from the Thai cast-magnet businessA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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Full recordFilings, disclosures and news, newest first
- FY2020AchievedAnnual report
「We recognized as an extraordinary loss the loss associated with withdrawing from the cast-magnet business, which belongs to the forged and cast components business manufactured and sold by our consolidated subsidiary MSM (THAILAND) CO.,LTD.」
The Thai subsidiary recognized a ¥34 million loss associated with withdrawing from its cast-magnet business, bringing the withdrawal into the financial results. - FY2020-Q2First statedAnnual report
「We recognized as an extraordinary loss the loss associated with withdrawing from the cast-magnet business, which belongs to the forged and cast components business manufactured and sold by our consolidated subsidiary MSM (THAILAND) CO.,LTD.」
The withdrawal of MSM (THAILAND) CO.,LTD. from its cast-magnet business, which belongs to its forged and cast components business, and the resulting loss were disclosed for the first time.