Stable operations at local plants in Mexico, Thailand and China, and the global expansion of the brand
First written in FY2016. 10 of 27 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2027-H1.
Kitagawa moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 5 of 18 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「Segment profit (operating profit) was ¥674 million, up 500.7% year on year, driven by revised selling prices, a lower defect rate, cost-structure reforms and improved profitability at the Mexican subsidiary, among other factors.」
The defect rate improved, the cost structure was reformed in the metal products business, and profitability at the Mexican subsidiary improved, resulting in a 500.7% year-on-year increase in segment profit. An improvement in profitability at the overseas production sites has been indicated. - FY2026WorsenedAnnual 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.」
Following the closure of the Thai subsidiary's plant and disposal of its assets, dissolution and liquidation proceedings are continuing. In addition, the Mexican subsidiary posted sales of ¥5,945 million and an ordinary loss of ¥603 million, with profitability at the overseas production sites also identified as a challenge. - 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.」
Following the closure of the Thai plant and transfer of the site, the Thai subsidiary itself proceeded to a resolution for dissolution and liquidation proceedings. - 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.」
Following the closure of the Thai plant, the company proceeded to an agreement to transfer the plant site, making the downsizing and disposal of the overseas production sites more concrete. - FY2024WorsenedAnnual report
「Operations at the casting manufacturing and casting processing equipment of KITAGAWA (THAILAND) CO.,LTD. were suspended in December 2023.」
The casting manufacturing and processing equipment at the Thai plant ceased operations in December 2023, turning the deterioration in the stable operation of the overseas production site into an actual shutdown. - 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 company disclosed a decision to close the Chonburi Plant in Thailand by the end of 2023, citing difficulties in securing profits, recovering investment and continuing the business sustainably. A factor weighing on the stable operation of the global production sites has emerged. - FY2023-Q2AdvancedAnnual report
「At the Mexican subsidiary, preparations for producing newly ordered automotive parts were completed and mass production began. At the Thai subsidiary, a review of production items was completed, and some production lines were shut down to improve production efficiency.」
While newly ordered parts in Mexico reached the start of mass production, Thailand completed its review of production items and pursued efficiency gains by suspending operations on some production lines. - FY2022-Q3RestatedAnnual 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.」
In Mexico, the company continued preparing for mass production of parts for upcoming models, while in Thailand, it continued improving profitability by reviewing its production items. - FY2022-Q2RestatedAnnual 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.」
In Mexico, the company continued preparing for mass production of parts for upcoming models, while in Thailand, it focused on improving profitability by reviewing its production items. - FY2021WorsenedAnnual report
「As some products manufactured by the Thai subsidiary are scheduled to cease production in the following fiscal year, the carrying amount of the pig-iron casting manufacturing and processing equipment related to those products was reduced to its recoverable amount, and the resulting ¥194 million reduction was recorded as an impairment loss.」
The Thai subsidiary recorded an impairment loss of ¥194 million on pig iron casting manufacturing and processing equipment because some production items are scheduled to be discontinued in the following fiscal year, creating a factor weighing on the stable operation of the overseas production site. - FY2021-Q3RestatedAnnual report
「The Mexican subsidiary continued preparing for mass production of parts to be installed in upcoming automobile models. At the same time, to respond to production adjustments by automakers, it worked to reduce fixed costs by controlling operating hours and through other measures.」
The Mexican subsidiary continued preparing for mass production of parts for upcoming models, while controlling operating hours and reducing fixed costs in response to production adjustments by automakers. - FY2021-Q2WorsenedAnnual report
「The Mexican subsidiary continued preparing for mass production of parts for upcoming automobile models. At the same time, to respond to production adjustments by automakers, it worked to reduce fixed costs by controlling operating hours and through other measures. These initiatives helped improve profitability, but the impact of deteriorating market conditions, including the suspension of operations at the Mexican subsidiary due to lockdowns, was severe. Sales declined substantially year on year, and profitability remained under considerable pressure.」
In Mexico, the company continued preparing for mass production of parts for upcoming models, while operations were suspended because of lockdowns, worsening the operating environment at the overseas production site. - FY2021-Q1RestatedAnnual report
「In this business, we worked to strengthen coordination among domestic and overseas production sites and to secure new orders for high-value-added parts, mainly automotive transmission components, by leveraging our strength in an integrated production system spanning material development through machining.」
The company continues operating its global production system through coordination among domestic and overseas production sites. - FY2020-Q3RestatedAnnual report
「Against this backdrop, the business continued operations while working to strengthen coordination with domestic and overseas production sites.」
The company continues operating its global production system by strengthening coordination among its domestic and overseas production sites. - FY2020-Q2RestatedAnnual report
「Against this backdrop, the business worked to strengthen coordination with domestic and overseas production sites and improve profitability.」
The company continues operating its global production system by strengthening coordination among its domestic and overseas production sites. - FY2020-Q1AdvancedAnnual report
「As part of our global expansion, we are building a power chuck production plant in India and will strengthen our business in the Indian market.」
Regarding its global production system, the company is building a power chuck production plant in India and expanding beyond its existing sites in Thailand, Mexico and Japan. - FY2019-Q3RestatedAnnual report
「In addition, to balance production loads among global sites and make effective use of equipment, we began reciprocal supply among our three sites in Thailand, Mexico and Japan.」
The company continues operating a global production system based on reciprocal supply among its 3 sites in Thailand, Mexico and Japan. - FY2019-Q2AdvancedAnnual report
「In addition, to balance production loads among global sites and make effective use of equipment, we began reciprocal supply among our three sites in Thailand, Mexico and Japan.」
The company began reciprocal supply among its 3 sites in Thailand, Mexico and Japan, putting its global production system into operation. - FY2019-Q1AdvancedAnnual report
「At our Mexican subsidiary, we strengthened the casting line and worked to acquire new customers in order to maintain profitability. At our Thai subsidiary, we brought the second casting line into full-scale production.」
In Mexico, the company expanded its casting line and worked to acquire new customers, while in Thailand, it moved to full-scale mass production on the secondary casting line. - FY2018-Q3AdvancedAnnual report
「In Japan, we also built a new processing building at the Fukuyama Plant, our production site, in December. At our Mexican subsidiary, we held a commissioning ceremony for the second casting line in October and proceeded with preparations for full-scale production. At our Thai subsidiary, the second casting line is now in full-scale operation.」
The company constructed a new processing building at the Fukuyama Plant, prepared the secondary casting line in Mexico for mass production, and moved to full-scale operation of the same line in Thailand. - FY2018-Q2AdvancedAnnual report
「At our Mexican subsidiary, we focused on maintaining and improving profitability and held a commissioning ceremony for the second casting line in October, after which trial operation began. At our Thai subsidiary, we are preparing for the early start of full-scale production on the second casting line.」
In Mexico, the company held the ignition ceremony for the secondary casting line and began trial operations, while in Thailand, it is preparing for operations ahead of the start of mass production. - FY2018-Q1AdvancedAnnual report
「At our Mexican subsidiary, we are focusing on maintaining profitability amid the appreciation of the peso against the dollar. The second casting line is scheduled to hold a completion and handover ceremony in August and a commissioning ceremony in November, followed by the start of trial operation. At our Thai subsidiary, we are proceeding with preparations for full-scale production on the second casting line to achieve an early recovery in performance.」
In Mexico, plans for the completion and handover ceremony, ignition ceremony and start of trial operations for the secondary casting line have taken concrete shape, while in Thailand, the company continues measures toward mass production and an early recovery in performance. - FY2017Progress and challenges coexistAnnual report
「At our Mexican subsidiary, production efficiency has improved and profitability has remained strong. In addition, trial operation of the second casting line is scheduled to begin around September this year. At our Thai subsidiary, we are proceeding with preparations for full-scale production on the second casting line to achieve an early recovery in performance.」
In Mexico, production efficiency and profitability improved, and trial operation of the secondary casting line is scheduled, while in Thailand, measures toward an early recovery are continuing. The Thai subsidiary has also recorded impairment losses on old equipment, so progress and challenges coexist in achieving stable operations. - FY2017-Q3WorsenedAnnual report
「At the Mexican plant, during the third quarter under review, expenses to address equipment failures were incurred, reducing profitability. The company also began expanding production equipment, including the secondary casting line.」
Expenses to address equipment failures were incurred at the Mexican plant, worsening profitability. Meanwhile, the company began expanding production equipment. - FY2017-Q2AdvancedAnnual report
「At the Thailand plant, the recovery in sales has been delayed by the economic slowdown in Thailand, but we are working toward full-scale operation of the secondary casting line from January 2017 and the start of mass production, and have begun trial operations. At the Mexico plant, as utilization of existing equipment continues to improve steadily, we have begun efforts to expand production facilities with a view to commencing operations in 2018.」
The Thai plant began trial operations in preparation for the full-scale operation and mass production of the secondary casting line in January 2017, while the Mexican plant began improving the operating rate of existing equipment and expanding equipment scheduled to come on stream in 2018. - FY2017-Q1AdvancedAnnual report
「The Mexican subsidiary has increased productivity and is performing steadily in terms of profitability. At the Thai subsidiary, while the recovery in sales has been delayed by Thailand's economic slowdown, the company has worked toward the full-scale operation of the secondary casting line and strengthened its order-taking activities.」
The company reported improved productivity and steady profitability at the Mexican subsidiary, while continuing efforts at the Thai subsidiary toward the full-scale operation of the secondary casting line and continuing its order-taking activities. - FY2016First statedAnnual report
「In addition, across the Group, we will work to operate and stabilize production at our local plants in Mexico, Thailand and China in line with demand in each market, while promoting the global expansion of our product brand.」
The company has indicated a policy of expanding its product brand globally through the operation and production stabilization of its local plants.