Restructuring of the overseas spring business, including consolidation and closure of locations
First written in FY2020-Q2. 14 of 17 entries say "Advanced", first in FY2020-Q3. Latest entry: 2026-11-04.
The whole theme swung hardest in 2026: 2 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- 2026-11-04AdvancedEarnings presentation
「北米子会社の損益改善は１Qの一過性の設備故障（解消済み）により遅れたが、２Q以降生産性向上や構造改革の取り組みを進めている。下期に挽回するが、上期未達の影響が残る。」
海外ばね事業の再構築について、設備故障の解消後に生産性向上と構造改革を進め、下期の挽回を図る段階が示された。 - FY2026ReframedAnnual report
「In automotive springs, the Group pursued structural reforms, including the decision to exit its loss-making subsidiaries in Germany and Mexico, but challenges remain, including improving the North American subsidiary’s earnings and optimising the Chinese subsidiary.」
The restructuring of the overseas spring business has shifted from recovery following the integration of North American sites to a business portfolio restructuring that includes withdrawing from Germany and Mexico and optimizing the Chinese subsidiaries. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 19 June 2024, we resolved not to provide additional financial support to our consolidated subsidiary MSSC Ahle GmbH. Under local law, the company filed a petition to commence insolvency proceedings in June 2024, and a decision to commence the proceedings was made in July 2024.」
Regarding the restructuring of the overseas spring business, the process had moved to the concrete stages of suspending additional support for Germany-based MSSC Ahle GmbH, commencing insolvency proceedings and removing the company from the scope of consolidation. - FY2024-Q3AdvancedAnnual report
「Spring business revenue was ¥51.25 billion, an increase of ¥8.32 billion, or 19.4%, year on year. Operating loss narrowed by ¥2.704 billion year on year to ¥113 million, compared with an operating loss of ¥2.817 billion in the same period of the previous year.」
In connection with the restructuring of the overseas spring business, the operating loss for the spring business as a whole narrowed by ¥2.704 billion year on year, indicating a substantial improvement in the loss. At the North American subsidiaries, the loss is also expected to be eliminated in the fourth quarter. - FY2024-Q2AdvancedAnnual report
「The North American subsidiaries' results improved substantially due to progress in passing higher costs through to selling prices and the resolution of production disruptions, resulting in a return to operating profitability.」
Regarding the restructuring of the overseas spring business, progress in resolving production disruptions at North American subsidiaries and passing higher costs through to selling prices marked the achievement of operating profitability. - FY2023AdvancedAnnual report
「In light of improving earnings at North American MSSC, including a return to operating profitability in the fourth quarter of the fiscal year ended March 2023, we will pursue the final stage of the North American recovery under the current medium-term management plan, while also considering efficiency measures, including consolidation and closure, at other sites.」
The North American spring business returned to operating profitability in the fourth quarter, moving from site restructuring to the final stage of recovery and consideration of efficiency measures at other sites. - FY2023-Q3RestatedAnnual report
「Regarding the North American subsidiary, the company is working to normalize production costs by securing stable inventories and otherwise resolving production disruptions, while also implementing measures such as raising prices for unprofitable products and ending related transactions, as it advances initiatives for the subsidiary's turnaround.」
While production disruptions continue even after consolidating our North American sites, we are continuing to restructure the overseas spring business by securing stable inventories, normalizing production costs, and raising prices for or ending transactions involving unprofitable products. - FY2023-Q2AdvancedAnnual report
「At the North American subsidiary, the Company is pursuing reconstruction measures, including securing stable inventories to resolve the production disruption, ending transactions involving unprofitable products and passing higher manufacturing costs through to selling prices.」
Regarding the restructuring of the overseas spring business, while production disruptions continue even after consolidating our North American sites, we are pursuing recovery measures that include securing stable inventories, ending transactions involving unprofitable products and passing higher costs through to selling prices. - FY2023-Q1AdvancedAnnual report
「Regarding production disruptions at our North American subsidiaries, we are currently taking measures to resolve the issue, including securing stable inventories, and are proceeding with initiatives toward recovery.」
Regarding the restructuring of the North American spring business, in addition to consolidating sites, efforts are under way to secure stable inventories and restore operations by resolving production disruptions. - FY2022-Q1AdvancedAnnual report
「As a result of implementing cost-structure reforms, including consolidating our North American sites, soliciting voluntary retirements in Japan and reducing headcount at overseas sites, operating profit was positive in the cumulative first quarter under review, and we expect to secure a full-year operating profit for the current consolidated fiscal year as well.」
Regarding the restructuring of the overseas spring business, cost-structure reforms, including the consolidation of North American sites, led to a return to operating profitability in the first quarter and are expected to secure full-year profitability. - FY2021AdvancedAnnual report
「For MSSC, the U.S. plant will be integrated into operations in Canada and Mexico by the end of fiscal 2021 as planned, with an operating profit expected from fiscal 2022.」
Regarding the restructuring of the overseas spring business, the plan to integrate the U.S. plant into operations in Canada and Mexico by the end of fiscal 2021 and achieve profitability from fiscal 2022 was made concrete. - FY2021-Q3AdvancedAnnual report
「With respect to allowances to be paid to employees who have been employed for a specified period as a result of the restructuring of the production system at our North American consolidated subsidiaries, we recognized as an expense the portion attributable to the cumulative consolidated third quarter under review, based on progress to date.」
Regarding the restructuring of the production system for the North American spring business, expenses for employee allowances were recognized, indicating that the restructuring had moved into the concrete implementation stage. The provision for business reorganization losses was ¥221 million. - FY2021-Q2AdvancedAnnual report
「Regarding our North American sites, we are proceeding with the transfer of stabilizer production from the U.S. plant to plants in Canada and Mexico, following coil springs, in order to restructure our production system in line with order volumes.」
Regarding the restructuring of the overseas spring business, following coil springs, stabilizer production has moved to the implementation stage of being transferred from the U.S. plant to plants in Canada and Mexico. - FY2021-Q1AdvancedAnnual report
「At the North American locations, production of stabilizers, following coil springs, is being transferred from the U.S. plant to plants in Canada and Mexico as the company reorganizes its production system to match order volumes.」
Regarding the restructuring of the overseas spring business, following coil springs, the stabilizer business has moved to the implementation stage of transferring production from the U.S. plant to plants in Canada and Mexico. - FY2020AdvancedAnnual report
「We resolved to discontinue the stabilizer business at our U.S. subsidiary, MSSC US INC., and transfer production to the two sites operated by MSSC CANADA INC. and MSSC MFG MEXICANA, S.A. DE C.V.」
Regarding the restructuring of the overseas spring business, we resolved to discontinue the stabilizer business at the U.S. plant and transfer it to plants in Canada and Mexico. The transfer is scheduled for completion in March 2022. - FY2020-Q3AdvancedAnnual report
「For certain products manufactured at the North American subsidiary, namely coil springs, the company is preparing to optimize production among its North American plants. It will pursue further structural reforms to improve earnings.」
Regarding the restructuring of the overseas spring business, preparations for optimizing coil-spring production across North American plants and additional structural reforms were specifically outlined. - FY2020-Q2First statedAnnual report
「In the overseas spring business, the company will proceed with restructuring, including consolidating and closing locations.」
In response to weak profitability in the overseas spring business, the company presented business restructuring, including the consolidation and closure of locations, as a new improvement measure.