Withdrawal from unprofitable businesses and consolidation of production sites
First written in FY2019. 8 of 14 entries say "Advanced", first in FY2021. Latest entry: 2026-10-01.
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- FY2026AdvancedAnnual report
「The loss on liquidation of affiliates for the consolidated fiscal year represented the loss for the current period arising from the decision to dissolve and liquidate Guangzhou SAKURA PIPE CO., LTD., a consolidated subsidiary, and consisted mainly of economic compensation payments to employees and other costs.」
The unprofitable-site restructuring progressed to the decision to dissolve and liquidate Guangzhou SAKURA PIPE CO., LTD., and the Company recorded a loss on liquidation of affiliates of ¥321 million and a provision for liquidation losses of ¥947 million. - FY2021AdvancedAnnual report
「Improved profitability through the withdrawal from unprofitable sites in China」
The Company progressed beyond the previous review stage, withdrew from an unprofitable site in China, and identified this as a factor contributing to improved profitability. - FY2019First statedAnnual report
「For the fiscal year ending March 2020, we will reduce in-process defects, the primary source of abnormal costs, and related expenses, while also considering exiting unprofitable businesses and consolidating production sites.」
For the fiscal year ending March 2020, the Company considered exiting unprofitable businesses and consolidating production sites, in addition to reducing abnormal costs such as in-process defects.