Establishment of mass-production capabilities for automotive products in Europe and Central and South America
First written in FY2016. 11 of 29 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1RestatedAnnual report
「Productivity improvements, foreign-exchange effects, progress in optimizing the allocation of incremental cost burdens, and other factors resulted in operating profitability. Net sales rose 5.2% year on year to ¥91.9 billion, and operating income was ¥3.6 billion, compared with an operating loss of ¥1.4 billion in the same period of the previous year.」
In the Automotive business, operating profitability has continued, following the operating loss in the same period of the previous year, supported by productivity improvements and optimization of the allocation of incremental cost burdens with customers. - FY2024AdvancedAnnual report
「The launch of a new vehicle model in North America drove net sales up 15.2% year on year to ¥179.5 billion. Cost reductions from site closures and progress in optimizing the allocation of incremental cost burdens with customers due to changes in the business environment and other factors resulted in operating income of ¥1.2 billion, compared with an operating loss of ¥6.6 billion in the previous fiscal year.」
In the Automotive business, the North American new vehicle model launch, site closures, and optimization of cost burdens with customers progressed, resulting in full-year operating profitability. - FY2024-Q3AdvancedAnnual report
「The launch of a new vehicle model in North America drove net sales up 17.6% year on year to ¥133.8 billion. The impact of the impairment loss recognized at the end of the previous consolidated fiscal year and progress in optimizing the allocation of cost burdens with customers and other factors resulted in operating income of ¥200 million, compared with an operating loss of ¥5.0 billion in the same period of the previous year.」
In addition to higher revenue from the North American new vehicle model launch, progress in optimizing the allocation of cost burdens with customers turned operating results from a ¥5.0 billion loss in the same period of the previous year to ¥200 million in operating income. - FY2024-Q2Higher revenue from the North American new vehicle model launch and a narrower lossAnnual report
「The launch of a new vehicle model in North America drove net sales up 17.1% year on year to ¥87.4 billion. The loss narrowed as the impact of the impairment loss recognized at the end of the previous consolidated fiscal year and the costs of launching the new model fell away, resulting in an operating loss of ¥1.4 billion, compared with an operating loss of ¥3.0 billion in the same period of the previous year.」
The North American new vehicle model launch increased revenue, while the operating loss narrowed from ¥3.0 billion to ¥1.4 billion as the previous year's impairment loss and launch costs fell away. The business, however, remained in the red. - FY2024-Q1WorsenedAnnual report
「The launch of new vehicle models drove net sales up 23.0% year on year to ¥44.4 billion, but higher labor costs due to appreciation of local currencies and other factors resulted in an operating loss of ¥1.3 billion, unchanged from the same period of the previous year.」
The launch of new vehicle models increased revenue, but higher labor costs due to appreciation of local currencies and other factors left the operating loss unchanged at ¥1.3 billion from the same period of the previous year. The issue of launch costs in North and South America and other regions is continuing. - FY2023WorsenedAnnual report
「The European business, which has undergone major structural reforms, improved profitability and achieved profitability. The North and South American businesses are currently experiencing a substantial increase in costs due to disruption associated with launching products for new vehicle models, and we will work to resolve this disruption promptly.」
The European business achieved profitability, while the North and South American businesses newly disclosed disruption from new vehicle model launches and a substantial increase in costs, indicating diverging conditions between regions. - FY2023-Q3WorsenedAnnual report
「As the impact of the semiconductor shortage diminished and due to foreign-exchange effects and other factors, net sales rose 28.2% year on year to ¥113.8 billion. However, in addition to higher transportation costs, difficulties launching a new vehicle model in North America and the resulting increase in launch-related costs led to an operating loss of ¥5.0 billion, compared with an operating loss of ¥4.2 billion in the same period of the previous year.」
The Automotive business recorded higher revenue as the impact of the semiconductor shortage diminished, but the operating loss widened from ¥4.2 billion in the same period of the previous year to ¥5.0 billion due to higher transportation costs and increased costs associated with difficulties launching a new vehicle model in North America. - FY2023-Q2WorsenedAnnual report
「As the impact of the semiconductor shortage diminished and due to foreign-exchange effects and other factors, net sales rose 26.9% year on year to ¥74.6 billion. However, higher material, logistics, and labor costs and upfront costs associated with the launch of new vehicle models in the second half resulted in an operating loss of ¥3.0 billion, compared with an operating loss of ¥1.9 billion in the same period of the previous year.」
The Automotive business recorded higher revenue as the impact of the semiconductor shortage diminished, but the operating loss widened from ¥1.9 billion to ¥3.0 billion due to higher material, logistics, and labor costs and costs for launching new vehicle models. - FY2023-Q1WorsenedAnnual report
「Although strong demand from customers in Europe and North America drove net sales up 12.0% year on year to ¥36.1 billion, higher material and logistics costs and upfront costs associated with the launch of new vehicle models in the second half resulted in an operating loss of ¥1.3 billion, compared with an operating loss of ¥200 million in the same period of the previous year.」
The Automotive business recorded higher revenue due to demand from customers in Europe and North America, but the operating loss widened from ¥200 million in the same period of the previous year to ¥1.3 billion due to higher material and logistics costs and costs for launching new vehicle models. - FY2022WorsenedAnnual report
「Although the business recovered from the substantial decline in revenue caused by the spread of COVID-19 in the previous consolidated fiscal year, the semiconductor shortage, lower operating rates at some sites due to the spread of COVID-19, higher logistics costs, and other factors had a significant impact in the current consolidated fiscal year. Net sales were ¥121.3 billion, down 0.5% year on year and largely unchanged from the previous consolidated fiscal year, while the operating loss was ¥5.6 billion, compared with an operating loss of ¥3.7 billion in the previous fiscal year.」
The Automotive business recovered revenue to approximately the previous year's level, but the operating loss widened from ¥3.7 billion to ¥5.6 billion due to the semiconductor shortage, lower operating rates, and higher logistics costs. - FY2022-Q3WorsenedAnnual report
「The business recovered from the substantial decline in revenue caused by the spread of COVID-19 in the same period of the previous year, with net sales rising 1.5% year on year to ¥88.7 billion. However, the semiconductor shortage, lower operating rates at some sites due to the spread of COVID-19, higher logistics costs, and other factors had a significant impact during the quarter, resulting in an operating loss of ¥4.2 billion, compared with an operating loss of ¥3.2 billion in the same period of the previous year.」
The Automotive business recovered in terms of revenue, but the operating loss widened from ¥3.2 billion to ¥4.2 billion due to the semiconductor shortage, lower operating rates caused by the pandemic, and higher logistics costs. - FY2022-Q2Continued recovery in the Automotive business and reduction of the lossAnnual report
「Despite the impact of the global semiconductor shortage and lower operating rates at some sites due to the spread of COVID-19, the business recovered from the substantial decline in revenue caused by COVID-19 in the same period of the previous year. Net sales rose 17.6% year on year to ¥58.8 billion, while the operating loss was ¥1.9 billion, compared with an operating loss of ¥3.7 billion in the same period of the previous year.」
The Automotive business recovered from the substantial decline in revenue in the same period of the previous year, and the operating loss narrowed from ¥3.7 billion to ¥1.9 billion. The impact of the semiconductor shortage and lower operating rates at some sites, however, remains. - FY2022-Q1Recovery in the Automotive business and reduction of the lossAnnual report
「Despite the impact of the global semiconductor shortage, the business recovered from the substantial decline in revenue in the previous fiscal year caused by customer plant shutdowns and other effects of COVID-19. Net sales rose 98.2% year on year to ¥32.3 billion, while the operating loss was ¥200 million, compared with an operating loss of ¥2.8 billion in the same period of the previous year.」
The Automotive business recovered from the previous year's substantial decline in revenue caused by customer plant shutdowns, and the operating loss narrowed from ¥2.8 billion to ¥200 million. The impact of the global semiconductor shortage, however, remains. - FY2021-Q2WorsenedAnnual report
「Amid the impact of COVID-19, including customer production stoppages due to lockdowns worldwide, net sales fell 35.4% year on year to ¥50.0 billion, and the operating loss was ¥3.7 billion, compared with an operating loss of ¥1.2 billion in the same period of the previous year.」
In the Automotive business, customer production stoppages worldwide caused the decline in revenue to widen, and the operating loss increased from ¥1.2 billion in the same period of the previous year to ¥3.7 billion. - FY2021-Q1WorsenedAnnual report
「As major customers in countries around the world halted production due to the spread of COVID-19, net sales fell 59.9% year on year to ¥16.3 billion, and the operating loss was ¥2.8 billion, compared with an operating loss of ¥300 million in the same period of the previous year.」
In the Automotive business, the production stoppages of major customers caused a substantial decline in revenue, and the operating loss widened from ¥300 million in the same period of the previous year to ¥2.8 billion. - FY2020ReframedAnnual report
「By overhauling the existing structure, we will strengthen control from headquarters and respond to customer requests flexibly and swiftly. We will continue to advance the transfer of production sites from Eastern Europe to Morocco and business structure reforms, and restore profitability by accepting orders in line with our capacity.」
The focus shifted from launching mass-production structures in Europe and Central and South America to rebuilding through an overhaul of the European structure, stronger headquarters control, the transfer of operations from Eastern Europe to Morocco, and accepting orders in line with capacity. - FY2020-Q3WorsenedAnnual report
「Although the decline in revenue due to foreign-exchange effects was offset by increased demand for certain vehicle models, net sales were ¥117.3 billion, up 0.5% year on year. Despite continued efforts to improve productivity, the operating loss was ¥2.4 billion, compared with an operating loss of ¥2.3 billion in the same period of the previous year.」
Higher demand for certain vehicle models drove higher revenue, but the operating loss widened from ¥2.3 billion in the same period of the previous year to ¥2.4 billion despite continued productivity improvements. - FY2019AdvancedAnnual report
「In the Automotive Electrical Components business, we will rebuild the wire harness business, which deteriorated due to a sharp decline in demand in Japan and China and disruption to the production structure caused by inadequate management at the European sites. Specifically, we will seek to secure profitability in Europe by consolidating and closing manufacturing sites and transferring operations to North Africa. In Asia, we will undertake business structure reforms to reduce fixed costs.」
Specific rebuilding measures for the Automotive Electrical Components business were presented, including consolidating and closing European manufacturing sites, transferring operations to North Africa, and reducing fixed costs in Asia. - FY2019-Q2RestatedAnnual report
「The launch of new vehicle models and a decrease in expenses related to the higher employee turnover rate at the Eastern European manufacturing sites, which had been recorded mainly in the first quarter of the previous fiscal year, resulted in net sales of ¥77.7 billion, up 5.9% year on year, and an operating loss of ¥2.1 billion, compared with an operating loss of ¥2.8 billion in the same period of the previous year.」
The launch of new vehicle models and lower employee-turnover-related expenses at the Eastern European sites continued to contribute, narrowing the operating loss year on year, although the business remained in the red. - FY2019-Q1AdvancedAnnual report
「The launch of new vehicle models in Europe and China, together with a decrease in expenses related to the higher employee turnover rate at the Eastern European manufacturing sites, which had been recorded mainly in the first quarter of the previous fiscal year, resulted in net sales of ¥43.3 billion, up 20.0% year on year, and an operating loss of ¥200 million, compared with an operating loss of ¥1.2 billion in the same period of the previous year.」
New vehicle models were launched in Europe and China, and the Automotive Electrical Components Company's operating loss narrowed from ¥1.2 billion in the same period of the previous year to ¥200 million. - FY2018RestatedAnnual report
「We will continue building low-cost, highly efficient production structures in Europe and China to address challenges such as rising labor costs and securing the required workforce. We will also strengthen the business by improving our ability to respond to customers.」
The construction of low-cost, highly efficient production structures in Europe and China and the strengthening of customer responsiveness are continuing. - FY2018-Q3RestatedAnnual report
「Although new vehicle models were launched, higher costs associated with deteriorating production efficiency at the Eastern European manufacturing sites and other factors resulted in net sales of ¥115.6 billion, up 18.9% year on year, and an operating loss of ¥2.6 billion, compared with operating income of ¥2.4 billion in the same period of the previous year.」
New vehicle model launches continued, but the operating loss persisted due to deteriorating production efficiency and higher costs at the Eastern European manufacturing sites. - FY2018-Q2RestatedAnnual report
「Although new vehicle models were launched, higher costs associated with deteriorating production efficiency at the Eastern European manufacturing sites and other factors resulted in net sales of ¥73.3 billion, up 15.0% year on year, and an operating loss of ¥2.8 billion, compared with operating income of ¥1.5 billion in the same period of the previous year.」
Deteriorating production efficiency and higher costs at the Eastern European manufacturing sites continued to be cited as factors behind the operating loss. New vehicle model launches also continued, but no new developments were indicated in the nature of the issues. - FY2018-Q1WorsenedAnnual report
「Although new vehicle models were launched, higher costs associated with deteriorating production efficiency at the Eastern European manufacturing sites and other factors resulted in net sales of ¥36.1 billion, up 5.6% year on year, and an operating loss of ¥1.2 billion, compared with operating income of ¥1.4 billion in the same period of the previous year.」
At the Automotive Electrical Components Company, new vehicle model launches progressed, but deteriorating production efficiency and higher costs at the Eastern European manufacturing sites caused results to deteriorate from operating income to an operating loss. - FY2017Update to the scope and focus of the production structure planAnnual report
「We will work to launch low-cost, highly efficient production structures in Europe, South America, and China, thereby addressing challenges such as rising labor costs and securing the required workforce.」
The plan has been updated from a mass-production structure centered on Europe and Central and South America for multiple vehicle models to one that adds China to the target regions and explicitly emphasizes low cost and high efficiency. - FY2017-Q3AdvancedAnnual report
「Despite the impact of foreign exchange rates, net sales decreased 5.3% year on year to ¥97.2 billion and operating profit increased 105.5% to ¥2.4 billion, owing to the launch of new vehicle models and fixed-cost reductions resulting from structural reform.」
The launch of new vehicle models, together with fixed-cost reductions from structural reforms, was identified as a factor behind the increase in operating income at the Automotive Electrical Components Company. - FY2017-Q2RestatedAnnual report
「Despite the impact of the stronger yen, productivity improvements at each site and other factors resulted in net sales of ¥63.8 billion, down 5.0% year on year, while operating income was ¥1.5 billion, up 178.8%.」
Continued productivity improvements at each site of the Automotive Electrical Components Company were cited, and an increase in operating income was also reported. - FY2017-Q1AdvancedAnnual report
「Supported by firm performance in the European market and productivity improvements at each site, net sales were ¥34.1 billion, down 0.9% year on year, while operating income was ¥1.4 billion, up 100.4%.」
The company stated that productivity improvements at each site of the Automotive Electrical Components Company had progressed, and operating income also increased year on year. - FY2016First statedAnnual report
「In the Automotive Components Company, we will establish efficient production systems to begin mass production of products for several new vehicle models, primarily in Europe and Central and South America. We will also strengthen the business by enhancing our ability to respond to customers and develop systems for new automotive products and businesses.」
Plan to strengthen the mass-production structure, customer responsiveness, and new product and business development capabilities as an integrated effort.