Establishment of a new production base for electric vehicle components in China by 明電舎（杭州）駆動技術有限公司
First written in FY2020-Q1. 5 of 10 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「At the consolidated subsidiary MEIDEN (HANGZHOU) DRIVE TECHNOLOGY CO., LTD., the carrying amount was reduced to the recoverable amount due to declining profitability, and the reduction of ¥3,303 million was recognized as an impairment loss under extraordinary losses.」
At the EV motor and inverter production base in Hangzhou, China, delays against the business plan and declining profitability occurred, resulting in an impairment loss of ¥3,303 million. - FY2023-Q3AdvancedAnnual report
「The company is proceeding with the construction of a new plant and the installation of equipment to produce integrated EV motor-inverter units as the second production line at 明電舎（杭州）駆動技術有限公司. During the cumulative third quarter of the current consolidated fiscal year, the company invested ¥3,253 million.」
At the EV component production base in Hangzhou, China, construction of a new plant and installation of equipment for the second production line are under way, with ¥3,253 million invested during the nine-month cumulative period. - FY2023-Q2AdvancedAnnual report
「The company is proceeding with the construction of a new plant and installation of equipment to produce integrated EV motor-inverter units as the second production line at 明電舎（杭州）駆動技術有限公司. During the six-month consolidated cumulative period, it made an investment of ¥1,290 million.」
At the company’s first overseas production base for EV components in Hangzhou, China, construction of a new plant and installation of equipment for the second production line are under way, and ¥1,290 million has been invested. - FY2021AdvancedAnnual report
「At 明電舎（杭州）駆動技術有限公司, established in China in the previous consolidated fiscal year as the company’s first overseas production base for electric vehicle components, the company made an investment of ¥2,488 million during the current consolidated fiscal year. In addition, it plans to invest a total of ¥4,800 million in constructing a new plant and installing equipment to secure further orders in the future.」
At the first overseas production base for EV components in Hangzhou, China, the company invested ¥2,488 million and plans to invest a total of ¥4,800 million in constructing a new plant and installing equipment. - FY2021-Q3AdvancedAnnual report
「At 明電舎（杭州）駆動技術有限公司, the company is proceeding with the construction of a new plant and installation of equipment to produce integrated EV motor-inverter units as the second production line. During the nine-month consolidated cumulative period, it made an investment of ¥2,234 million.」
Of the planned ¥3,492 million investment to make 明電舎（杭州）駆動技術有限公司 in China the company’s first overseas production base for EV components, ¥2,234 million had been invested. - FY2021-Q2AdvancedAnnual report
「At 明電舎（杭州）駆動技術有限公司, the company plans to invest ¥3,492 million in capital expenditure to establish its first overseas production base for electric vehicle components. During the six-month consolidated cumulative period, it made an investment of ¥1,093 million.」
Of the planned ¥3,492 million investment to make 明電舎（杭州）駆動技術有限公司 in China the company’s first overseas production base for EV components, ¥1,093 million had been invested. - FY2020-Q2RestatedAnnual report
「At 明電舎（杭州）駆動技術有限公司, established in China during the first-quarter consolidated accounting period with planned capital of ¥4,250 million, the company plans to invest ¥3,492 million in capital expenditure to establish the company’s first overseas production base for electric vehicle components.」
The company continues to disclose the plan to make 明電舎（杭州）駆動技術有限公司 in China its first overseas production base for EV components, together with its capital and planned capital expenditure. - FY2020-Q1First statedAnnual report
「At 明電舎（杭州）駆動技術有限公司, established in China during the first quarter of the current consolidated fiscal year with planned capital of ¥4,250 million, the company plans to invest ¥3,492 million in facilities to establish its first overseas production site for electric vehicle components.」
The company has included the newly established 明電舎（杭州）駆動技術有限公司 in China within the scope of consolidation and presented a planned capital contribution of ¥4,250 million and capital expenditure of ¥3,492 million to establish it as the company’s first overseas production base for electric vehicle components.