Operation of the Thai subsidiary's second casting line and stronger order acquisition
First written in FY2016. 6 of 18 entries say "Restated". Latest entry: FY2025.
Kitagawa moved to the "Worse" side of this theme in 2023.
The whole theme swung hardest in 2020: 2 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「KITAGAWA (THAILAND) CO.,LTD. was approved for dissolution at a meeting of its board of directors held on 12 March 2025 and is currently undergoing liquidation proceedings.」
The Thai business, which had sought to operate its secondary casting line and improve profitability, progressed beyond plant closure and site transfer to the dissolution and liquidation of the subsidiary. - FY2025-H1WorsenedAnnual report
「As disclosed in the notice dated 10 February 2023 titled “Notice Regarding the Decision to Close a Plant of a Consolidated Subsidiary in Thailand,” the company closed the plant of its consolidated subsidiary KITAGAWA (THAILAND) CO.,LTD. on 31 December 2023. Subsequently, because a party expressed an interest in purchasing the former plant site, the company decided to transfer it.」
The Thai plant, which shifted from operating and strengthening orders for its secondary casting line to structural reform of the business, progressed as far as transferring the site after closure. - FY2024WorsenedAnnual report
「Operations at the casting manufacturing and casting processing equipment of KITAGAWA (THAILAND) CO.,LTD. were suspended in December 2023.」
The Thai subsidiary moved beyond expanding mass production and improving profitability on its casting lines, and suspended operations of its casting manufacturing and processing equipment. - FY2023-Q3WorsenedAnnual report
「However, as the company has continued to face a situation in which profits cannot be secured and investment recovery cannot be expected due to changes in the market environment and surging raw-material prices and energy costs, it determined that continuing the business on a sustainable basis would be difficult and decided to close the plant by the end of 2023.」
The Thai subsidiary moved beyond reviewing production items and suspending some lines and decided to close the Chonburi plant by the end of 2023. - FY2023-Q2AdvancedAnnual report
「At the Thai subsidiary, the review of production items was completed, and operations on some production lines were suspended to improve production efficiency.」
The Thai subsidiary completed its review of production items and suspended operations on some production lines to improve production efficiency. - FY2022-Q3RestatedAnnual report
「The Thai subsidiary focused on improving profitability by reviewing its production items.」
The Thai subsidiary continues to focus on improving profitability by reviewing its production items rather than expanding mass production. - FY2022-Q2RestatedAnnual report
「The Thai subsidiary focused on improving profitability by reviewing its production items.」
The Thai subsidiary continues measures to improve profitability through a review of its production items. - FY2022-Q1MitigatedAnnual report
「The Mexican subsidiary continued preparations for mass production of parts to be installed in next-generation automobile models, while the Thai subsidiary focused on improving profitability by reviewing its production items.」
The Thai subsidiary is working to improve profitability by reviewing its production items and is moving from its previous focus on expanding mass production to measures aimed at securing and improving profitability. - FY2021WorsenedAnnual report
「The Thai subsidiary will work to establish a structure for securing profitability.」
At the Thai subsidiary, the focus has shifted from expanding mass production to establishing a structure for securing profitability. The company has also reported the planned discontinuation of some production items and impairment losses on equipment. - FY2019-Q1AdvancedAnnual report
「In addition, the Thai subsidiary has moved to full-scale mass production on the second casting line.」
The Thai subsidiary has moved to full-scale mass production on the second casting line. - FY2018-Q3AdvancedAnnual report
「The Thai subsidiary has begun full-scale operation of the second casting line.」
The second casting line at the Thai subsidiary reached full-scale operation. - FY2018-Q2RestatedAnnual report
「The Thai subsidiary is preparing for the early start of mass production on the second casting line.」
The Thai subsidiary continues preparations for operation of the second casting line with a view to starting mass production early. - FY2018-Q1RestatedAnnual report
「Meanwhile, at the Thai subsidiary, the company is advancing measures including preparations for mass production on the second casting line to achieve an early recovery in performance.」
The Thai subsidiary continues preparations for mass production on the second casting line to achieve an early recovery in performance. - FY2017RestatedAnnual report
「Meanwhile, at the Thai subsidiary, the company is advancing measures including preparations for mass production on the second casting line to achieve an early recovery in performance.」
The Thai subsidiary continues preparations for mass production on the second casting line and efforts to achieve an early recovery in performance. - FY2017-Q3SoftenedAnnual report
「At the Thai plant, although the recovery in sales has been delayed by the sluggish Thai economy, the company aims to begin full-scale operation and mass production on the second casting line from March 2017.」
The target timing for full-scale operation and mass production of the second casting line has been pushed back from the previous target of January 2017 to March 2017. - FY2017-Q2AdvancedAnnual report
「At the Thai plant, although the recovery in sales has been delayed by the sluggish Thai economy, the company worked toward full-scale operation and mass production on the second casting line from January 2017 and began trial production,」
The company began trials aimed at full-scale operation and mass production on the second casting line from January 2017. - FY2017-Q1RestatedAnnual report
「At the Thai subsidiary, while the recovery in sales was delayed by the economic slowdown in Thailand, the company worked toward full-scale operation of the second casting line and strengthened order acquisition activities.」
The company continues efforts toward full-scale operation of the second casting line and corresponding efforts to strengthen order acquisition activities. - FY2016First statedAnnual report
「The company is also strengthening order acquisition activities in line with the start of operations of the newly established second casting line at the Thai subsidiary.」
The company has described stronger order acquisition activities in line with the operation of the newly established second casting line.