Strengthening Quality, Profitability and Labor Management at Overseas Entities
First written in FY2016. 3 of 7 entries say "Worsened", first in FY2024. Latest entry: 2026-07-30.
Fine Sinter moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2021: 4 of 24 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- 2026-07-30WorsenedEarnings
「Profit was affected by the cessation of part of the production of major products at the U.S. subsidiary.」
The weak performance associated with the U.S. subsidiary's production cessation and transfer appeared in quarterly results as a negative profit impact from the cessation of part of the production of major products. - FY2026WorsenedAnnual report
「At AFS, we had been rebuilding the earnings structure through measures including improvements in production efficiency amid continued weak performance. However, after comprehensively considering the surrounding environment, we decided to review the site's role and position within the group, phase out production at the site and transfer it to other group sites. We judged that optimizing the global production structure in this way, while continuing to supply products to customers, would improve the group's ability to generate earnings over the medium to long term and strengthen its financial position.」
Although the company had been advancing quality, profitability and labor management at its overseas operations, continued weak performance at its U.S. subsidiary AFS led to a decision to halt production and transfer it to another site. - FY2025MitigatedAnnual report
「We have formulated measures to prevent a recurrence of the inappropriate accounting discovered last year and are working to implement and embed them, including raising compliance awareness, fostering an open corporate culture, strengthening systems such as inventory management, reviewing our relationships with overseas subsidiaries and enhancing checks and balances. We are working to restore the trust of our stakeholders.」
For the management of overseas operations, in addition to the existing focus on quality, profitability and labor management, the company is advancing measures to prevent a recurrence, including reviewing its relationships with overseas subsidiaries and strengthening inventory management and checks and balances. - FY2024WorsenedAnnual report
「The overstatement of inventories was discovered. In addition, during the investigation, an overstatement of inventories at one of our domestic plants was discovered.」
The investigation of an overseas subsidiary led to the discovery of inventory overstatements at Fine Sinter Indonesia and a domestic plant, exposing actual problems in the management frameworks for overseas operations and domestic sites. - FY2022RestatedAnnual report
「With regard to our overseas business, we place particular importance on quality, profitability and labor matters. Our specialist departments provide effective support, while the Corporate Planning and Administration Department, Accounting Department and Production Control Department serve as points of contact, among other measures to enhance the management framework for our overseas operations.」
The company prioritizes quality, profitability and labor management at its overseas operations and continues to maintain a management framework involving specialist departments and points of contact. - FY2021RestatedAnnual report
「With regard to our overseas business, we place particular importance on quality, profitability and labor matters. Our specialist departments provide effective support, while the Corporate Planning and Administration Department, Accounting Department and Production Control Department serve as points of contact, among other measures to enhance the management framework for our overseas operations.」
The company prioritizes quality, profitability and labor management at its overseas operations and continues to manage them through specialist departments and points of contact. - FY2016First statedAnnual report
「With regard to our overseas business, we place particular importance on quality, profitability and labor matters. Our specialist departments provide effective support, while the Corporate Planning and Administration Department, Accounting Department and Production Control Department serve as points of contact, among other measures to enhance the management framework for our overseas operations.」
The company prioritizes quality, profitability and labor management at its overseas operations and outlines a management framework involving support from specialist departments and multiple points of contact.