Recognition of Losses Associated with the Closure of the U.S. Erwin Plant.
TN TENNESSEE, LLC. (a consolidated subsidiary of the filing company)
Erwin plant (800 Tennessee Road Erwin, TN 37650, USA). Products manufactured are steel balls and rollers.
To reorganize global production sites as part of the measures to strengthen cost competitiveness under the Medium-Term Management Plan 2025–2029.
Approximately ¥600 million in plant closure-related costs (costs expected to be incurred during the current fiscal year; accounting classification: not disclosed)
Fiscal year ending December 2026 (current fiscal year)
Already incorporated into the consolidated earnings forecast for the fiscal year ending December 2026 announced on 13 February 2026.
The plant is scheduled to close in February 2027. Production of steel balls is scheduled to change from this plant to other plants in the United States and the plant in India, while production of rollers is scheduled to change from this plant to the plant in Bosnia. The Company aims to reduce fixed costs and improve profitability going forward.
| Item | Details |
|---|---|
| Event name | Recognition of Losses Associated with the Closure of the U.S. Erwin Plant. |
| Date of occurrence | 13 May 2026 (the date on which the Board of Directors resolved to close the plant) |
| Subject Entity | TN TENNESSEE, LLC. (a consolidated subsidiary of the filing company) |
| Target Locations / Products | Erwin plant (800 Tennessee Road Erwin, TN 37650, USA). Products manufactured are steel balls and rollers. |
| Cause | To reorganize global production sites as part of the measures to strengthen cost competitiveness under the Medium-Term Management Plan 2025–2029. |
| Amount of Impact on Business Performance | Approximately ¥600 million in plant closure-related costs (costs expected to be incurred during the current fiscal year; accounting classification: not disclosed) |
| Accounting period in which recognized | Fiscal year ending December 2026 (current fiscal year) |
| Impact on Earnings Forecast | Already incorporated into the consolidated earnings forecast for the fiscal year ending December 2026 announced on 13 February 2026. |
| Outlook | The plant is scheduled to close in February 2027. Production of steel balls is scheduled to change from this plant to other plants in the United States and the plant in India, while production of rollers is scheduled to change from this plant to the plant in Bosnia. The Company aims to reduce fixed costs and improve profitability going forward. |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As part of the “Reorganization of Global Production Sites” under the Medium-Term Management Plan 2025–2029, the plant will be closed to reduce fixed costs and improve profitability going forward.