Downsizing of Fuso Sash Malaysia’s operations
First written in FY2016. 4 of 6 entries say "Mitigated", first in FY2017-Q1. Latest entry: FY2018.
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- FY2018MitigatedAnnual report
「In the extruded profile sales business, net sales increased 7.5% year on year to ¥21,845 million, mainly due to higher selling prices linked to aluminum ingot market conditions. Profit declined as the pass-through of higher domestic aluminum ingot prices into selling prices was delayed, but the impact of an overseas subsidiary that was closed two years earlier diminished. As a result, segment profit increased by ¥15 million year on year to ¥398 million, with both revenue and profit increasing.」
It states that the impact diminished after the closure of the overseas subsidiary's plant, and that the extruded profile sales business posted higher profit year on year. - FY2017RestatedAnnual report
「In the extruded profile sales business, net sales declined 5.5% year on year to ¥20,313 million due to overseas business downsizing, aluminum ingot market conditions and foreign exchange movements. However, segment profit was ¥382 million, compared with a segment loss of ¥398 million in the same period of the previous year, reflecting efforts to expand domestic volumes and reduce costs, resulting in a return to profitability.」
It states that, although the decline in revenue due to overseas business downsizing continues, the extruded profile sales business returned to profitability through expanded domestic volumes and cost reductions. - FY2017-Q3MitigatedAnnual report
「In the extruded profile sales business, net sales declined 4.8% year on year to ¥15,194 million due to overseas business downsizing, aluminum ingot market conditions and foreign exchange movements. However, segment profit was ¥525 million, compared with a segment loss of ¥295 million in the same quarter of the previous year, reflecting efforts to increase domestic volumes and reduce costs, resulting in a return to profitability.」
Although the decline in revenue due to overseas business downsizing continues, the extruded profile sales business returned to profitability through increased domestic volumes and cost reductions. - FY2017-Q2MitigatedAnnual report
「In the extruded profile sales business, net sales declined 5.3% year on year to ¥9,960 million due to overseas business downsizing, aluminum ingot market conditions and foreign exchange movements. However, segment profit was ¥283 million, compared with a segment loss of ¥223 million in the same quarter of the previous year, reflecting efforts to increase domestic volumes and reduce costs, resulting in a return to profitability.」
Although the impact of overseas business downsizing remains, the extruded profile sales business improved from a loss in the previous year to profitability through increased domestic volumes and cost reductions. - FY2017-Q1MitigatedAnnual report
「In the extruded profile sales business, net sales were ¥5,124 million, down 6.0% year on year, due to the downsizing of 不二サッシマレーシア and aluminum ingot market conditions. However, segment profit was ¥169 million, compared with a segment loss of ¥115 million in the same quarter of the previous year, reflecting efforts to eliminate unprofitable operations and reduce costs.」
It states that segment profit and loss in the extruded profile sales business improved through the elimination of unprofitable operations associated with the downsizing of 不二サッシマレーシア, as well as the elimination of unprofitable divisions and cost reductions. - FY2016MaterialisedAnnual report
「In the overseas business undertaken as a challenge in response to overseas policy, a decision was made to scale down 不二サッシマレーシア社. In addition, changes in the business environment surrounding the Company, including fluctuations in aluminum ingot prices, have made it necessary to revise the numerical targets established when the medium-term management plan was formulated.」
The Malaysia business was scaled down, becoming a factor behind the revision of the medium-term plan targets for revenue, margins and other metrics.