Restructuring of the Wuhan, China business due to a customer’s production adjustments
First written in FY2024-Q1. 5 of 6 entries say "Advanced", first in FY2024. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「We recognised ¥384 million in enhanced retirement benefits associated with the early retirement programmes implemented at our consolidated subsidiaries Auto Parts Alliance (China) Ltd., Wuhan Auto Parts Alliance Co., Ltd. and Conghua Auto Parts Alliance (China) Ltd. as an extraordinary loss.」
The response to streamlining the China business continued through early retirement programmes at 3 companies, with ¥384 million in enhanced retirement benefits recognised for the full year. - FY2026-H1AdvancedAnnual report
「We recognised ¥198 million in enhanced retirement benefits associated with the early retirement programmes implemented at our consolidated subsidiaries Auto Parts Alliance (China) Ltd., Wuhan Auto Parts Alliance Co., Ltd. and Conghua Auto Parts Alliance (China) Ltd. as an extraordinary loss.」
The response to streamlining the China business expanded from 2 companies to early retirement programmes at 3 companies, including Conghua Auto Parts Alliance (China) Ltd., with ¥198 million in enhanced retirement benefits recognised. - FY2025AdvancedAnnual report
「We recognised ¥601 million in enhanced retirement benefits associated with the early retirement programmes implemented at our consolidated subsidiaries Auto Parts Alliance (China) Ltd. and Wuhan Auto Parts Alliance Co., Ltd. as an extraordinary loss.」
The streamlining of the China business progressed to early retirement programmes at 2 companies and recognition of ¥601 million in enhanced retirement benefits. - FY2025-H1AdvancedAnnual report
「We recognised ¥256 million in enhanced retirement benefits associated with the early retirement programmes implemented at our consolidated subsidiaries Auto Parts Alliance (China) Ltd. and Wuhan Auto Parts Alliance Co., Ltd. as an extraordinary loss.」
The response to streamlining the China business became more concrete through the implementation of early retirement programmes at Auto Parts Alliance (China) Ltd. and Wuhan Auto Parts Alliance Co., Ltd., with ¥256 million in enhanced retirement benefits recognised as an extraordinary loss. - FY2024AdvancedAnnual report
「As a result of streamlining the operations of our Chinese subsidiary Wuhan Auto Parts Alliance Co., Ltd. in response to production adjustments by customers, we recognised the resulting loss of ¥222 million as an extraordinary loss.」
In FY2024, losses from streamlining the Wuhan operations totalled ¥222 million for the full year. The breakdown disclosed included an impairment loss of ¥156 million, an inventory valuation loss of ¥24 million and retirement-related expenses of ¥23 million. - FY2024-Q1First statedAnnual report
「During the first quarter of the current consolidated fiscal year, we streamlined the operations of our Chinese subsidiary Wuhan Auto Parts Alliance Co., Ltd. in response to production adjustments by customers and recognised the resulting loss of ¥174 million as an extraordinary loss.」
In response to production adjustments by a customer, the company streamlined the operations of its Wuhan subsidiary in Hubei Province, China. It recognised a ¥174 million loss on business streamlining, including an impairment loss of ¥108 million, an inventory valuation loss of ¥24 million and retirement-related expenses of ¥23 million.