Review of Organizational Structure and Reduction of Production Costs and Other Costs at Chinese Manufacturing Subsidiaries
First written in FY2016. 4 of 9 entries say "Advanced", first in FY2016. Latest entry: FY2026.
2 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Structural reform expenses comprise costs associated with personnel reductions carried out to rationalize sales and manufacturing sites at our consolidated subsidiary TEAC AMERICA, INC. (United States), consolidated sub-subsidiary DONGGUAN TEAC ELECTRONICS CO., LTD. (China), and former consolidated sub-subsidiary TEAC UK LTD. (United Kingdom).」
Personnel reductions were carried out at sales and manufacturing sites in the United States, China and United Kingdom, and ¥58 million in structural reform expenses was recorded. - FY2026-H1AdvancedAnnual report
「During the current interim consolidated accounting period, we reduced personnel at our consolidated subsidiary TEAC AMERICA, INC. (United States), consolidated sub-subsidiary TEAC UK LTD. (United Kingdom), and DONGGUAN TEAC ELECTRONICS Co., LTD. (China), and recorded ¥58 million in personnel reduction costs as structural reform expenses.」
Personnel reductions were carried out at sites in the United States, United Kingdom and China, and ¥58 million in structural reform expenses was recorded. The review of the operating structure, including the Chinese production subsidiary, was advanced in concrete terms. - FY2020WorsenedAnnual report
「In addition, delays in starting up the Chinese factory resulted in order backlogs due to supply shortages.」
Delays in starting up the Chinese factory materialized as supply shortages and order backlogs, creating a new operational constraint for the existing factory restructuring and cost-reduction initiatives. - FY2018AdvancedAnnual report
「Specifically, we proceeded with measures including reducing the consolidated workforce, including voluntary retirements at the company and its domestic subsidiaries, relocating the Chinese factory, reviewing the overseas sales structure, substantially reducing consolidated inventories, revising the corporate pension plan, liquidating affiliates and selling idle overseas assets.」
For the Chinese factory, the explanation progressed from the realization of the effects of past structural reforms to the implementation of a specific measure, namely the relocation of the factory. - FY2017RestatedAnnual report
「Ensure that we fully capture the benefits of the structural reforms undertaken at the Chinese factory and overseas sales subsidiaries, the review of the product lineup and the results of marketing activities to date」
Reiterated the structural reforms at the Chinese factory as measures undertaken in the past and indicated a policy of linking their benefits to future earnings improvement. - FY2017-Q3RestatedAnnual report
「In the current fiscal year, we are working to improve performance through the full-year realization of the effects of structural reforms implemented at the Chinese production subsidiary in the previous fiscal year, stronger sales activities in China and Southeast Asia, and the introduction of new products for professional and installed applications.」
Reiterated the measures to improve performance through the full-year realization of the effects of structural reforms at the Chinese production subsidiary, stronger sales activities in China and Southeast Asia, and the introduction of new products. - FY2017-Q2RestatedAnnual report
「In the current fiscal year, we aim to improve performance through the full-year realization of the effects of structural reforms implemented at the Chinese production subsidiary in the previous fiscal year, stronger sales activities in China and Southeast Asia, and the introduction of new products for professional and installed applications.」
Reiterated the policy of improving performance by anticipating the full-year realization of the effects of structural reforms at the Chinese production subsidiary and strengthening sales activities in China and Southeast Asia, among other measures. - FY2017-Q1RestatedAnnual report
「The full-year impact of the structural reforms implemented at the Chinese production subsidiary in the previous fiscal year」
Presented the full-year realization of the effects of structural reforms implemented at the Chinese production subsidiary in the previous fiscal year as one measure to improve performance. - FY2016AdvancedAnnual report
「In the music production audio equipment business, we reviewed the structure of our Chinese production subsidiary and achieved cost reductions, including reductions in manufacturing costs.」
Stated that the structure of the Chinese production subsidiary was reviewed and that cost reductions, including reductions in manufacturing costs, were achieved.