Production losses caused by difficulty hiring workers at a U.S. subsidiary
First written in FY2019-Q3. 5 of 14 entries say "Restated". Latest entry: FY2025.
0 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「On the profit front, sales price adjustments for soaring raw material and energy costs, improvements in the earnings structure mainly in Japan, progress in reducing losses in the U.S., the start of production on a new line for the aforementioned reactor cores, and the start of full-scale production at the second facility in Thailand contributed to higher profit. The impact of the Company's change in the depreciation method for property, plant and equipment also contributed.」
The disclosure identifies progress in reducing production losses at the U.S. subsidiary as one factor behind higher profit, indicating that the previous impact of hiring difficulties and production losses had diminished. - FY2024MitigatedAnnual report
「In terms of profit, the company absorbed the impact of higher fixed costs, including pre-operating expenses for the second site in Thailand in line with its medium-term strategy and DX investments, through progress in adjusting selling prices for surging raw material and energy prices, improving the earnings structure mainly in Japan, and reducing losses in the United States, resulting in higher profit.」
Progress in reducing production losses in the U.S., together with sales price adjustments for raw material and other costs and improvements in the domestic earnings structure, contributed to higher profit. - FY2024-Q2MitigatedAnnual report
「Sales and profit increased as adjustments to selling prices reflecting the impact of surging raw material and energy prices since the previous fiscal year progressed, while improvements to the earnings structure in Japan and loss reduction in the United States also advanced.」
The disclosure states that efforts to reduce production losses at the U.S. subsidiary had progressed, making this one of the factors behind higher sales and profit in the automotive sintering business. - FY2023RestatedAnnual report
「Although the weaker yen boosted sales through foreign exchange movements, sales fell short of the target because sales volumes declined in the automotive sintering business due to semiconductor shortages and the impact of lockdowns in China.」
For the automotive sintering business, production losses at the domestic and U.S. subsidiaries are identified as earnings factors, in addition to the impact of semiconductor shortages and lockdowns in China. - FY2022RestatedAnnual report
「Although, from the third quarter onward, sales declined due to customer production adjustments in Japan and mainly the U.S. resulting from semiconductor shortages and disruptions in parts supplies from Southeast Asia, as well as soaring raw material prices and production losses caused by personnel shortages at the U.S. subsidiary,」
Production losses caused by personnel shortages at the U.S. subsidiary have continued, together with semiconductor shortages and soaring raw material prices, as factors affecting full-year earnings. - FY2022-Q3RestatedAnnual report
「Although production losses caused by personnel shortages at the U.S. subsidiary and soaring raw material prices occurred,」
Production losses caused by personnel shortages at the U.S. subsidiary also occurred during the cumulative third-quarter consolidated period. The impact of hiring and personnel shortages has continued from the previous quarter. - FY2022-Q2RestatedAnnual report
「Although sales declined in the second quarter due to customer production adjustments resulting from semiconductor shortages centered in the U.S. and disruptions in parts supplies from Southeast Asia, as well as production losses caused by personnel shortages at the U.S. subsidiary, sales and profit increased, reflecting an overall substantial recovery from the sales decline caused by the spread of COVID-19 in the same quarter of the previous year.」
The disclosure states that production losses caused by personnel shortages at the U.S. subsidiary continued to occur. Meanwhile, the automotive sintering business as a whole reported higher sales and profit than in the same period of the previous year. - FY2022-Q1MaterialisedAnnual report
「Although production losses caused by personnel shortages at the U.S. subsidiary and the impact on sales of production adjustments by customers due to the semiconductor shortage occurred, sales and profit increased, reflecting an overall substantial recovery from the sales decline caused by the spread of COVID-19 in the same quarter of the previous year.」
Regarding the personnel shortage issue at the U.S. subsidiary, which had been described as largely resolved in the previous fiscal year, the disclosure states that production losses caused by personnel shortages recurred in the first quarter. - FY2020MitigatedAnnual report
「Production losses at the U.S. and domestic subsidiaries have largely been resolved as of now.」
The disclosure states that production losses related to difficulties securing personnel and high equipment utilization at the U.S. subsidiary, as well as quality assurance at the domestic subsidiary, had largely been resolved as of the filing date. - FY2020-Q3RestatedAnnual report
「In automotive components, although new products launched in the previous fiscal year contributed to higher revenue, profit was squeezed by lower sales due to the market slowdown at the Chinese and Thai subsidiaries, losses from overtime and holiday work caused by difficulties securing personnel and high equipment utilization at the U.S. subsidiary, and additional costs incurred by the domestic subsidiaries to ensure quality.」
In addition to production inefficiencies caused by difficulties securing personnel at the U.S. subsidiary, losses from overtime and holiday work resulting from high equipment utilization continue to pressure profit. No impact from a new type of hiring difficulty has been indicated since the second quarter. - FY2020-Q2WorsenedAnnual report
「Profit was squeezed by losses from overtime and holiday work caused by difficulties securing personnel and high equipment utilization at the U.S. subsidiary, as well as additional costs incurred by the domestic subsidiaries to ensure quality.」
In addition to production inefficiencies caused by difficulties securing personnel at the U.S. subsidiary, losses from overtime and holiday work resulting from high equipment utilization also occurred, expanding the earnings impact related to hiring difficulties. - FY2020-Q1MaterialisedAnnual report
「In automotive components, higher revenue from new products launched in the previous fiscal year was offset by lower sales at the Chinese subsidiary due to a market slowdown, production inefficiencies at the US subsidiary caused by difficulty securing personnel, and additional costs at the domestic subsidiary to ensure quality, all of which weighed on profit.」
The disclosure states that production inefficiencies caused by difficulties securing personnel at the U.S. subsidiary pressured profit in the first quarter, following the previous fiscal year. The earnings impact of hiring difficulties has continued to materialize. - FY2019MaterialisedAnnual report
「On the profit front, soaring raw material prices, launch costs and quality losses for new products in Japan, and production inefficiencies caused by difficulties securing personnel at the U.S. subsidiary pressured earnings.」
The disclosure explicitly states that difficulties securing personnel at the U.S. subsidiary pressured full-year earnings through production inefficiencies, indicating that the earnings impact of hiring risk actually materialized. - FY2019-Q3First statedAnnual report
「Production losses and other factors caused by difficulties hiring workers at the U.S. subsidiary put pressure on profit.」
This is the first disclosure that hiring difficulties at the U.S. subsidiary led to production losses that pressured profit.