Improving resource efficiency through the disposal and leasing of fixed assets and transferring production at the Iiyama site to other sites
First written in FY2022-Q1. 4 of 6 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AchievedAnnual report
「September 2022: Electrical discharge machining operations at the Iiyama facility changed from the Iiyama facility to the Narita facility. As a result, the Iiyama facility was closed.」
The transfer of electrical discharge machining operations from the Iiyama facility to the Narita facility and the closure of the Iiyama facility were included in the corporate history, indicating that the manufacturing transfer following the transfer and lease of fixed assets had been completed. - FY2023-Q3AdvancedAnnual report
「Temporary decline in operating activity associated with the integration of the Iiyama facility into the Narita facility」
Regarding the transfer and integration of manufacturing operations at the Iiyama facility, the disclosure states that operating activity temporarily declined in connection with its integration into the Narita facility, providing greater detail on the stage of progress of the transfer plan. - FY2022AdvancedAnnual report
「In addition, the sale of the Iiyama facility, which had been used for electrical discharge machining, surface treatment and headquarters operations, resulted in a gain on the sale of fixed assets of ¥1,218 million.」
Regarding the sale of fixed assets at the Iiyama facility and elsewhere, a full-year gain on the sale of fixed assets of ¥1,218 million and proceeds from the sale of property, plant and equipment of ¥1,969 million were recorded. The disclosure does not state that the overall manufacturing transfer plan was completed following the sale. - FY2022-Q3AdvancedAnnual report
「During the first 3 quarters of the current fiscal year, revenue increased due to higher orders for industrial gas turbine components related to the environment and energy sectors, as well as sales of digital servo presses and other machinery and equipment that had been subject to postponed delivery in the previous fiscal year, reaching ¥9,871 million, up 18.6% year on year. In terms of profit, in addition to the effect of higher revenue, the Company implemented company-wide cost reduction measures, including a review of its production structure in response to lower orders resulting from the spread of COVID-19 and other factors, and benefited from lower depreciation expenses following the recognition of impairment losses in the previous fiscal year. As a result, operating profit was ¥560 million, compared with an operating loss of ¥270 million in the same period of the previous fiscal year, and ordinary profit was ¥554 million, compared with an ordinary loss of ¥289 million. After recording a gain on the sale of fixed assets at the Iiyama facility of ¥1,211 million, quarterly net profit attributable to owners of the parent was ¥1,196 million, compared with a quarterly net loss of ¥548 million in the same period of the previous fiscal year.」
Regarding the planned transfer of fixed assets at the Iiyama facility and elsewhere, a gain on the sale of fixed assets at the Iiyama facility of ¥1,211 million was actually recorded. The disclosure does not state that the overall manufacturing transfer plan following the transfer and lease has been completed. - FY2022-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 17 March 2021, the Company resolved to transfer and lease fixed assets, entered into a transfer agreement on 25 March 2021, completed the handover of the properties on 24 September 2021, and commenced the lease on the same day.」
Regarding the previously planned transfer and lease of fixed assets, the handover of the properties and commencement of the lease were completed on 24 September 2021. Manufacturing at the Iiyama facility is scheduled to continue at other facilities and elsewhere after the lease period ends, so the overall plan has not been completed. - FY2022-Q1First statedAnnual report
「To promote the efficient use of management resources and strengthen our financial position, we decided to dispose of and lease our owned fixed assets. After the lease term expires, manufacturing at the Iiyama facility will continue at other facilities of the Company. In connection with the disposal of these fixed assets, we plan to record approximately ¥1.1 billion as a gain on sale of fixed assets in extraordinary income during the third quarter of the fiscal year ending February 2022.」
The Company planned to dispose of and lease the Iiyama facility and other assets, continue manufacturing at other sites after the lease term, and record approximately ¥1.1 billion in gains on sale of fixed assets during the third quarter of the fiscal year ending February 2022.