Recovery in the earnings power of the US and European operations
First written in FY2020. 4 of 12 entries say "Mitigated", first in FY2022. Latest entry: 2026-08-06.
No other company in this theme has enough history to compare yet.
- 2026-08-06WorsenedEarnings
「Although the yen-denominated value of overseas subsidiaries increased, the Suspension Springs business recorded net sales of ¥43,421 million, up 3.8% year on year, and an operating loss of ¥510 million, compared with operating income of ¥272 million in the same period of the previous year, due to the impact of U.S. tariffs and the recognition of one-time expenses.」
The Suspension Springs business shifted from operating income in the same period of the previous year to an operating loss, marking a temporary setback in its earnings recovery. - FY2026AdvancedAnnual report
「Although demand declined in Japan, net sales in the Suspension Springs business were ¥167,417 million, down 1.0% from the previous fiscal year, and operating income was ¥727 million, up 56.6%, due to progress in passing higher raw material and other materials costs in Thailand through to product prices and an increase in volumes for certain vehicle models.」
Operating income in the Suspension Springs business increased from ¥464 million in the previous fiscal year to ¥727 million, indicating progress in restoring profitability through price pass-through, rationalization and other measures. - 2026-05-11AdvancedEarnings
「Although demand declined in Japan, the Suspension Springs business recorded net sales of ¥167,417 million, down 1.0% year on year, and operating income of ¥727 million, up 56.6%, due to progress in passing higher raw material and other supply costs in Thailand through to product selling prices and an increase in production volumes for certain vehicle models.」
The Suspension Springs business remained profitable, with profit improving from the previous fiscal year. - FY2026-H1AdvancedAnnual report
「In the suspension spring business, although demand declined in Japan, the pass-through of increases in raw material and other supply prices into product selling prices progressed in Thailand, and higher volumes for certain vehicle models also contributed. Sales were ¥83,014 million, down 0.6% year on year, and operating income was ¥300 million, compared with an operating loss of ¥652 million in the same period of the previous year.」
The Suspension Springs business, for which restoring profitability had been an issue, turned from an operating loss of ¥652 million in the same period of the previous year to operating income of ¥300 million, returning to profitability on a semiannual basis. - FY2025AdvancedAnnual report
「In addition to higher one-time costs associated with the launch of new products in Mexico, weak automotive demand in Thailand resulted in net sales of ¥169,107 million, down 1.2% from the previous fiscal year, and operating income of ¥464 million, down 71.0%.」
The Suspension Springs business had posted operating losses through the previous fiscal year, but turned to operating income of ¥464 million in the current fiscal year. Costs for launching new products in Mexico and weak demand in Thailand continued to weigh on profit. - FY2025-H1MitigatedAnnual report
「In the suspension spring business, the reflection of increases in the prices of materials and other supplies in product selling prices, together with increases in the yen-converted amounts of overseas subsidiaries due to the weaker yen, resulted in sales of ¥83,533 million, up 6.2% year on year, and an operating loss of ¥652 million, compared with an operating loss of ¥3,523 million in the same period of the previous year.」
The Suspension Springs business remains in operating loss, but sales increased and the operating loss narrowed from ¥3,523 million in the same period of the previous year to ¥652 million, indicating progress in restoring profitability. - FY2024-Q3MitigatedAnnual report
「Although production, which had declined due to shortages of semiconductors and other automotive components, recovered, the Suspension Springs business was significantly affected in North America by higher labor costs resulting from a tight labor market and increased fixed costs such as power and utilities. Net sales were ¥122,572 million, up 15.3% year on year, and the operating loss was ¥3,209 million, compared with an operating loss of ¥3,315 million in the same period of the previous year.」
Production recovered from the impact of shortages of automotive components, and the operating loss in the Suspension Springs business narrowed from ¥3,315 million in the same period of the previous year to ¥3,209 million. However, the business remains in operating loss due to higher labor costs in North America and increased fixed costs such as power and utilities. - FY2024-Q2WorsenedAnnual report
「Although the Suspension Springs business showed signs of recovery from automakers' production adjustments due to semiconductor shortages and other factors, it was significantly affected in North America by higher labor costs resulting from a tight labor market and increased fixed costs such as power and utilities. Net sales were ¥78,628 million, up 15.3% year on year, and the operating loss was ¥3,523 million, compared with an operating loss of ¥1,771 million in the same period of the previous year.」
Although sales increased, the operating loss widened from ¥1,771 million in the same period of the previous year to ¥3,523 million due to higher labor costs resulting from the tight labor market in North America and increased fixed costs such as power and utilities. - FY2023MitigatedAnnual report
「Net sales in the Suspension Springs business were ¥146,847 million, up 30.0% from the previous fiscal year, and the operating loss was ¥2,734 million, compared with an operating loss of ¥4,360 million in the previous fiscal year.」
The Suspension Springs business remains in operating loss, but sales increased and the operating loss narrowed from the previous fiscal year. - FY2022MitigatedAnnual report
「Net sales in the Suspension Springs business were ¥112,994 million, compared with ¥102,071 million in the previous fiscal year, and the operating loss was ¥4,360 million, compared with an operating loss of ¥4,687 million in the previous fiscal year.」
The Suspension Springs business remains in operating loss, but sales increased and the operating loss narrowed slightly from the previous fiscal year. - FY2021Operating deficit despite continued improvement measuresAnnual report
「Net sales in the Suspension Springs business were ¥102,071 million, down 19.2% from the previous fiscal year, and the operating loss was ¥4,687 million, compared with operating income of ¥2,708 million in the previous fiscal year.」
Although the company worked to reduce fixed costs and rationalize operations, the Suspension Springs business posted an operating deficit for the full year, and the challenge of restoring profitability, including at the U.S. and European sites, continues. - FY2020First statedAnnual report
「At the U.S. and European sites, capital investment aimed at improving profitability through labor savings and other measures has not produced the planned results, and profitability has also declined due to intensifying competition. We will address the recovery of profitability at these sites as the most important issue for the Suspension Springs business.」
The company recognizes the decline in profitability at the U.S. and European sites and identifies restoring profitability through measures including capital investment for labor savings and other purposes as the most important issue for the Suspension Springs business.