Formulation and Publication of a Business Structure Reform Plan
First written in FY2020-Q1. 5 of 9 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2024.
1 other company's latest entry also says "Cited as achieved".
- FY2024Cited as achievedAnnual report
「The various measures were completed by fiscal 2022, achieving the planned amount of improvement in profitability.」
This was cited as a record of completing the structural reform measures initiated in September 2019 by fiscal 2022 and achieving the planned amount of improvement in profitability. - FY2023AchievedAnnual report
「The measures planned through fiscal 2022 were completed, achieving effects broadly in line with the targets.」
Regarding the structural reform initiated in September 2019, the Company completed the measures planned through fiscal 2022, including the consolidation of domestic production sites and lowering the break-even point, and stated that the effects achieved were broadly in line with the targets. - FY2022ReframedAnnual report
「Under the Third Medium-Term Management Plan, the Company designated the next 3 years as a period for completing structural reform and establishing the foundation for subsequent growth and the realization of VISION2030, and set out 3 priority policies.」
The structural reform announced and initiated in 2019 was incorporated into the foundation-building efforts toward VISION2030 under the Third Medium-Term Management Plan's priority policy of completing structural reform. - FY2022-Q3AdvancedAnnual report
「As part of the structural reform of the Company's group, this transfer will make 日鋁全綜（天津）精密鋁業有限公司 a joint venture with the transferee and establish it as a base for supplying extruded materials for automotive parts.」
As a specific structural reform measure, part of the equity interest in the Tianjin precision aluminum company was transferred, leading to its conversion into a joint venture with the transferee and its establishment as a supply base. - FY2021-Q3AdvancedAnnual report
「At the Company's consolidated subsidiary UACJ Extrusion (Thailand) Co., Ltd., the Company recorded an impairment loss of ¥1,484 million in connection with the resolution to transfer the all-aluminum heat exchanger business for outdoor units of cooling-only air conditioners and close the Ayutthaya Plant, as well as a ¥297 million valuation loss on shares of affiliated companies and other investments at the Company.」
As specific structural reform measures, the transfer of the all-aluminum heat exchanger business in Thailand and the resolution to close the Ayutthaya Plant moved forward, with the related impairment loss and valuation loss on shares of affiliated companies and other investments being recorded. - FY2021-Q2AdvancedAnnual report
「The company resolved to transfer its all-aluminum heat exchanger business for outdoor units of cooling-only air conditioners manufactured and sold in Thailand to CH.WATANAYONT Co., Ltd., and signed the business transfer agreement on 30 September 2020.」
As a specific structural reform measure, the Company resolved to transfer its all-aluminum heat exchanger business in Thailand and signed a business transfer agreement on 30 September 2020. - FY2020-Q3AdvancedAnnual report
「To respond to these changes, the company announced the implementation of structural reforms on 30 September 2019 and began reforms covering both its earnings structure and management. Each initiative is progressing as planned. The reforms will organically coordinate the six elements described below to establish a robust corporate structure that is resilient to changes in the business environment.」
Regarding the structural reforms announced and initiated in the previous quarter, the company explicitly stated that each initiative was progressing as planned. Specific measures, including the consolidation of production sites, the restructuring of unprofitable and non-core areas, and the monetization of returns on large-scale investments, were also described as being in progress. - FY2020-Q2AdvancedAnnual report
「Sales of IT materials and thick plate products for liquid crystal and semiconductor manufacturing equipment applications have declined due to the impact of US-China trade friction, the slowdown in the Chinese economy and other factors. In addition, market growth for rolled aluminum products, mainly in Japan, has slowed, causing the business environment to change rapidly. To respond to these changes, the company announced the implementation of structural reforms on 30 September 2019 and began reforms covering both its earnings structure and management.」
Regarding the business restructuring plan that was being formulated in the previous quarter, the company announced the implementation of structural reforms on 30 September 2019 and began initiatives covering both its earnings structure and management. - FY2020-Q1First statedAnnual report
「Sales of IT materials and thick plate products for liquid crystal and semiconductor manufacturing equipment applications have declined due to the impact of US-China trade friction, the slowdown in the Chinese economy and other factors. In addition, market growth for rolled aluminum products, mainly in Japan, has slowed and the domestic business environment has undergone structural changes. The company is therefore currently formulating a business restructuring plan, which it plans to announce in September 2019.」
In response to lower sales of IT materials and thick plate products and structural changes in Japan's rolled aluminum products market, the company stated for the first time that it was formulating a business restructuring plan. It also indicated that the plan was scheduled to be announced in September 2019.