Production preparations for the relocation of the Chinese subsidiary’s new plant
First written in FY2022-Q3. 2 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023-Q1.
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- FY2023-Q1AdvancedAnnual report
「At the Chinese subsidiary in Dalian, interior construction at the new factory acquired in June last year was completed, and preparations to bring in machinery and equipment for mass production of ferrules, a core component of optical connectors, proceeded smoothly.」
The company reported the completion of interior construction at the new factory of the Chinese subsidiary in Dalian and progress in preparing to bring in machinery and equipment for mass production of ferrules. - FY2022AdvancedAnnual report
「The subsidiary in Dalian, China acquired a new factory in June 2021 with a total floor area 1.6 times that of its current facility to expand production capacity for ferrules, a core component of optical connectors, and is preparing to launch operations there.」
The company provided details on preparations by the Chinese subsidiary to relocate to a new factory, including the acquisition of the new factory in June 2021 and a plan to expand production capacity by increasing total floor area to 1.6 times the previous level. - FY2022-Q3First statedAnnual report
「The main factors were increases in notes and accounts receivable-trade accompanying higher net sales, as well as increases in merchandise and finished goods, work in process, and other inventories because the Chinese subsidiary built up product inventories in preparation for relocating equipment to a new factory.」
The company provided specific details for the first time on the Chinese subsidiary's buildup of product inventories in preparation for relocating equipment to a new factory as a factor behind the increase in inventories at the end of the quarter under review.