Business Structure Transformation from the Cable Business to the Chassis Spring Business
First written in FY2019. 14 of 18 entries say "Advanced", first in FY2021-Q3. Latest entry: 2026-07-30.
1 other company's latest entry also says "Worsened".
- 2026-07-30WorsenedEarnings
「In North America, sales were ¥2.506 billion, up 9.6% year on year, while the operating loss was ¥168 million, compared with operating profit of ¥66 million in the same quarter of the previous fiscal year.」
North America recorded higher sales but moved from operating profit in the same period of the previous fiscal year to an operating loss. - FY2026AdvancedAnnual report
「North America declined slightly, but we have secured profitability for the third consecutive fiscal year.」
Following the business structural reforms in North America, sales declined 0.7% from the previous fiscal year due to the impact of tariffs and other factors, while operating income was ¥272 million, down 16.6%, but the region secured profitability for the third consecutive period. - FY2026-H1AdvancedAnnual report
「Although the impact of tariffs began to emerge in North America during the fiscal year, profit increased as the cost reduction effects of the business structural improvements outweighed it.」
In North America, the impact of tariffs began to emerge, but the cost reduction effects of the business structural improvements outweighed it, and operating income increased 111.2% year on year. - FY2025AdvancedAnnual report
「[North America] Due to a decline in automobile production by major customers, net sales were ¥9,120 million, down 8.4% from the previous fiscal year, but operating income was ¥326 million, up 39.0%, due partly to the pass-through of inflation-related increases into selling prices.」
Following the business structural reforms in North America, sales declined due to lower production by major customers, but operating income increased 39.0% year on year through the pass-through of higher costs into selling prices and other measures, maintaining profitability. - FY2025-H1Updated interim results following North America's business structural reformsAnnual report
「[North America] Due to a decline in automobile production by major customers, net sales were ¥4,343 million, down 13.3% year on year, and operating income was ¥69 million, down 20.8%.」
North America posted lower sales and lower profit due to a decline in production by major customers, but secured operating income of ¥69.875 million and remained profitable. - FY2024AdvancedAnnual report
「North America, which had been a particular area of concern, achieved profitability for the full current consolidated fiscal year. The business foundation has been strengthened through clear targets for each functional unit and the steady implementation of the PDCA cycle.」
The company reports that the transformation of North America's business structure from cables to chassis springs achieved profitability for the full fiscal year. - FY2024-Q3AdvancedAnnual report
「In particular, North America, where business structural reforms have been implemented intensively in recent years, became profitable, and the substantial increase in profit from the previous year's loss contributed to the global increase in operating income.」
The ongoing business structural reform in North America, transforming the business from cables to chassis springs, led to profitability. Operating income for the cumulative third quarter was ¥185.469 million, an improvement from a loss of ¥250.888 million in the same period of the previous year. - FY2024-Q2AdvancedAnnual report
「By region, North America, where business structural reforms are being implemented, secured profitability for the second consecutive quarter.」
The company reports that North America, where business structural reforms are under way, secured profitability for the second consecutive quarter. Segment operating income turned from a loss of ¥58 million in the same period of the previous year into a profit of ¥88 million. - FY2024-Q1AdvancedAnnual report
「[North America] The partial pass-through of higher steel costs into selling prices resulted in net sales of ¥2,382 million, up 23.4% year on year. The transformation of the business structure from cables to chassis springs contributed to the recovery in performance, resulting in operating income of ¥15 million, compared with an operating loss of ¥225 million in the same quarter of the previous year.」
In North America, the transformation from cables to chassis springs contributed to the recovery in performance, turning operating results from a loss of ¥225 million in the same period of the previous year into a profit of ¥15 million. - FY2023AdvancedAnnual report
「Although net sales were ¥8,763 million, up 34.4% year on year, as the market recovered from the impact of COVID-19, operating loss was ¥274 million, compared with an operating loss of ¥745 million in the same period of the previous year, due to higher steel, labor and logistics costs and increases in material and utilities prices.」
In North America, the transformation of the business structure from cables to chassis springs and the market recovery reduced the operating loss from ¥745 million in the previous year to ¥274.95 million, with the improvement effects of the structural transformation continuing to emerge. - FY2023-Q3AdvancedAnnual report
「Although the company was affected by higher steel, utilities and material costs, the transformation of the business structure from cables to chassis springs contributed to the recovery in performance, resulting in an operating loss of ¥250 million, compared with an operating loss of ¥668 million in the same quarter of the previous year.」
In North America, the transformation of the business structure from cables to chassis springs contributed to the recovery in performance, reducing the operating loss from ¥668 million in the same period of the previous year to ¥250 million. - FY2023-Q2AdvancedAnnual report
「[North America] In addition to increases in automobile production and unit sales by major customers, the partial pass-through of higher steel costs into selling prices resulted in net sales of ¥4,168 million, up 28.2% year on year. Although the region was affected by higher steel, utilities and logistics costs, the transformation of the business structure from cables to chassis springs contributed to the recovery in performance, resulting in an operating loss of ¥58 million, compared with an operating loss of ¥450 million in the same quarter of the previous year.」
In North America, the transformation of the business structure from cables to chassis springs contributed to the recovery in performance, reducing the operating loss from ¥450 million in the same period of the previous year to ¥58 million. - FY2021-Q3AdvancedAnnual report
「From the next fiscal year onward, for chassis springs, we intend to pursue further sales expansion in addition to new orders from new customers as well as existing major customers, while also working to expand production capacity, increase sales, and secure earnings.」
In connection with the transformation from the cable business to the chassis spring business, the company has won new orders from new customers in addition to existing customers and has indicated a policy of pursuing further sales expansion and increasing production capacity. - FY2020RestatedAnnual report
「The increase in value added from higher sales and steady progress in cost improvements offset fluctuations in selling prices, fixed costs associated with the transformation of the North American business structure, and costs related to the COVID-19 response. As a result, operating income increased by ¥463 million, or 20.8%, from the previous consolidated fiscal year to ¥2,692 million.」
The company explains that it improved operating income through cost improvements and other measures while recording fixed costs associated with the transformation of its North American business structure. It is reaffirming the continuation of the structural transformation and its results for the fiscal year. - FY2019First statedAnnual report
「As the company works this fiscal year to transform its business structure from the cable business to the chassis spring business, production costs and investment have increased due to the transition to new products and preparations for mass production.」
The company first explicitly identifies, as a separate business initiative, its efforts to transform its structure from the cable business to the chassis spring business and to transition to new products and prepare for mass production.