Launching the die-cast components business in Mexico
First written in FY2016. 2 of 6 entries say "Advanced", first in FY2018. Latest entry: FY2020.
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- FY2020AchievedAnnual report
「The Mexican subsidiary has begun full-scale mass production.」
The business has reached the start of full-scale mass production, following the previous stages of capital increases, finishing operations and casting tests. - FY2020-Q3RestatedAnnual report
「In die-cast components, sales activities to expand sales channels continued, and revenue increased 2.3% year on year to ¥1,994 million. However, operating results were an operating loss of ¥33 million, compared with operating profit of ¥19 million in the same quarter of the previous year, due to higher start-up costs at the Mexican subsidiary and other factors.」
The costs of launching the Mexican subsidiary continue to be incurred. No arrival at a new stage, such as the start of production or full-scale operations, is described. - FY2020-Q2RestatedAnnual report
「In die-cast components, sales activities to expand sales channels continued, and revenue increased 10.3% year on year to ¥1,390 million. However, operating results were an operating loss of ¥37 million, compared with operating profit of ¥23 million in the same quarter of the previous year, due to higher start-up costs at the Mexican subsidiary and other factors.」
The costs of launching the Mexican subsidiary continue to be incurred. No arrival at a new stage, such as the start of production or full-scale operations, is indicated. - FY2019AdvancedAnnual report
「The Mexican subsidiary also began testing finishing processes and casting for some components.」
The die-cast components business in Mexico has moved from establishing the production system through a capital increase to the stage of actually beginning finishing operations and casting tests. - FY2018AdvancedAnnual report
「We carried out a capital increase to establish a full-scale production system at the Mexican subsidiary for the next stage of growth.」
Following the launch of the business in 2016, a capital increase was carried out to establish a full-scale production system at the Mexican subsidiary. - FY2016First statedAnnual report
「In addition to China and Vietnam, we launched the die-cast components business in Mexico in 2016.」
A subsidiary was established in Monterrey, Mexico, to meet demand in the U.S. market.