Delays in Establishing Mass-Production Capacity for Masks and Insufficient Reduction in Manufacturing Costs
First written in FY2021-Q3. 1 of 3 entries say "Restated". Latest entry: FY2022-Q2.
0 other companies' latest entry also says "Worsened".
- FY2022-Q2WorsenedAnnual report
「However, during the second quarter of the current consolidated cumulative period, the manufacturing process was still under development, and insufficient reductions in manufacturing costs resulted in an operating loss.」
The establishment of the mask manufacturing process remained incomplete and cost reductions remained insufficient, resulting in an operating loss of ¥236 million in the healthcare business. The company also recognized an impairment loss of ¥243 million on property, plant and equipment with low productivity and profitability. - FY2022-Q1RestatedAnnual report
「However, during the first quarter of the current consolidated cumulative period, the manufacturing process was still under development, and the healthcare business performed poorly because manufacturing costs could not be reduced sufficiently.」
The company continued to report poor performance in the healthcare business due to the manufacturing process for masks still being under development and insufficient reductions in manufacturing costs. - FY2021-Q3First statedAnnual report
「Meanwhile, establishing our mask mass-production system took considerable time because it involved developing a manufacturing process using filter sheets made of nanofiber material with an unprecedented three-dimensional structure, substantially delaying supplies to drugstores and other markets. In addition, because manufacturing costs were not sufficiently reduced during the process of establishing mass-production capacity, the healthcare business performed extremely poorly in the third quarter of the current fiscal year.」
The company stated that establishing a manufacturing process using nanofiber material with a three-dimensional structure took time, resulting in delays in supplies to drugstores and other outlets and insufficient reductions in manufacturing costs.