Relocation of the 田村電子（深圳） Site and Partial Transfer of Production to Suzhou
First written in FY2021-Q2. 5 of 10 entries say "Advanced", first in FY2021-Q3. Latest entry: 2026-07-01.
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- 2026-07-01AchievedM&A and Subsidiary Changes
「We hereby announce that we have transferred all of our interest in Tamura Kisha Electronics (Foshan) Co., Ltd., a consolidated subsidiary and specified subsidiary of the company, to Foshan Nanhai Silicon Steel Core Manufacturing Co., Ltd., and completed all procedures on 30 June 2026.」
The transfer procedures for Tamura Kisha were completed, moving the restructuring and optimization of the Chinese production network from the execution stage to the completed stage. - FY2026AdvancedAnnual report
「As part of the reorganization and consolidation of its sites in China, the company adopted a policy of reducing its sites in China by up to 30% to reduce geopolitical risk and fundamentally improve profitability. It transferred the Hefei and Foshan sites and consolidated production of some power products.」
As part of the reorganization of the Chinese production structure, the company transferred sites in Hefei and Foshan and consolidated production under a policy of reducing the number of sites by up to 30%. - 2026-05-11ReframedRevision of earnings forecasts
「To consolidate production of this product in Japan, improve profitability and expand supplies to Japan, the United States and ASEAN, where growth in HEVs is expected, we decided to transfer Tamura Kisha to a company in China.」
The restructuring of Chinese production was specified as a policy of consolidating production of automotive booster reactors in Japan and supplying growth regions. - FY2026-H1ReframedAnnual report
「As part of the optimal allocation of sites, the company decided to transfer its interest in an equity-method affiliate in China, as announced in the “Notice Regarding a Change in an Equity-Method Affiliate (Transfer of Equity Interest)” dated 1 September 2025.」
The description of the reorganization of the Chinese production structure expanded from factory consolidation and automation to the optimal allocation of sites through the transfer of the company's interest in an equity-method affiliate in China. - FY2023-Q3RestatedAnnual report
「As a change involving a major affiliated company, during the second quarter of the current fiscal year 田村精工電子（常熟）㈲ was excluded from the scope of consolidation following completion of its liquidation.」
The completion of the liquidation of 田村精工電子（常熟）有限公司 and its exclusion from the scope of consolidation were confirmed again this quarter. - FY2023-Q2AdvancedAnnual report
「During the second quarter of the current fiscal year, 田村精工電子（常熟）㈲ was excluded from the scope of consolidation following completion of its liquidation.」
The liquidation of the Changshu entity was completed and it was excluded from the scope of consolidation. The reorganization of the Chinese production structure, including the consolidation of production at the new Suzhou plant, progressed to the stage of completing the restructuring of the legal entities. - FY2022AdvancedAnnual report
「The Group has also been working to reduce costs by reorganizing its factories in China and promoting automation. In southern China, the two major electronic component factories in Shenzhen and Huizhou were restructured as smart factories. In addition, a specialized charger plant was newly established in eastern China, adjacent to key customers, to reduce logistics and warehousing costs.」
The reorganization of the Chinese production structure progressed, with the Shenzhen and Huizhou factories converted into smart factories and a specialized charger plant established in eastern China, adjacent to key customers. - FY2022-Q2AdvancedAnnual report
「At a meeting of the board of directors held on 24 August 2021, the company resolved to liquidate its consolidated subsidiary 田村精工電子（常熟）有限公司 (hereinafter, 田村精工電子（常熟）). Following a review of business optimization, the company decided to liquidate 田村精工電子（常熟） and consolidate production at 田村電子（蘇州）有限公司, also located in Suzhou, Jiangsu Province. Operations at the new plant began in October 2021.」
The company resolved to liquidate 田村精工電子（常熟） in China and consolidate production at the new plant in Suzhou. The new plant began operations in October 2021, and an extraordinary loss of ¥75 million was expected for severance payments and the disposal of existing equipment. - FY2021-Q3AdvancedAnnual report
「In addition, extraordinary losses included special severance payments of ¥373 million associated with the relocation of the Chinese subsidiary and losses on the sale and disposal of fixed assets associated with the rebuilding of the Sakado site,」
In connection with the relocation of the Chinese subsidiary, actual special severance payments of ¥373 million were incurred, close to the approximately ¥375 million forecast in the previous quarter. - FY2021-Q2First statedAnnual report
「At a meeting of the board of directors held on 24 August 2020, the company resolved to relocate the site of its wholly owned subsidiary 田村電子（深圳）有限公司 (hereinafter, 田村電子（深圳）), and the relocation was completed in October of the same year. …The company transferred part of production to 田村電子（蘇州）有限公司, which is closer to major customers, and decided to relocate 田村電子（深圳） to another location in Shenzhen where market rents are lower than at its existing site. …In the consolidated accounting period for the third quarter of the fiscal year ending March 2021, the company expected to recognize an extraordinary loss of ¥375 million for severance payments arising from the termination of employment contracts and the disposal of existing equipment.」
Following a government request to vacate the site, the Shenzhen site was relocated to a lower-rent area within the city, and part of production was transferred to Suzhou. The relocation was completed in October 2020, and an extraordinary loss of ¥375 million was expected to be recognized in the third quarter.