Improving Overseas Subsidiary Profitability
First written in FY2017-Q2. 6 of 17 entries say "Mitigated", first in FY2019. Latest entry: 2026-08-07.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- 2026-08-07MitigatedEarnings
「In wire harnesses, lower sales mainly due to the withdrawal from the wire harness business for Chinese EVs resulted in net sales of ¥5,139 million, down 3.7% year on year. Operating profit, however, increased 179.9% to ¥117 million due mainly to lower losses following the withdrawal from the China business.」
Although the withdrawal from the China business reduced wire harness sales, operating profit increased due to lower losses. - FY2026MitigatedAnnual report
「In wire harnesses, sales declined due to lower sales following the withdrawal from the China business, resulting in net sales of ¥20,935 million, down 12.5% year on year. Operating profit, however, increased 23.5% to ¥375 million, due mainly to higher sales of wire harnesses for motorcycles and outboard motors in Japan and lower losses following the withdrawal from the China business.」
Although sales declined following the withdrawal from the China business, wire harness operating profit increased as losses from the unprofitable business decreased. - FY2026-H1WorsenedAnnual report
「Operating profit was ¥138 million, down 35.7%, due to the impact of deteriorating productivity associated with lower sales in Vietnam.」
While improved profit from higher productivity at overseas subsidiaries had been cited in the past, deteriorating productivity associated with lower sales in Vietnam is cited this time as a factor behind the decline in wire harness operating profit. - FY2024MitigatedAnnual report
「Operating profit increased 18.0% to ¥2,234 million due to higher value added from increased sales of automotive electrical components and improved productivity as production and logistics stabilized.」
Improved productivity resulting from the stabilization of production and logistics is cited as a factor behind higher consolidated operating profit, confirming improvements in production operations, including at overseas bases. - FY2024-Q3MitigatedAnnual report
「In the wire harness business, revenue declined 9.8% year on year to ¥17,749 million due mainly to lower sales of wire harnesses for motorcycles and marine vessels, primarily in overseas markets. However, operating profit increased 5.3% to ¥1,365 million as operations at overseas plants stabilized.」
Although sales declined in overseas markets, wire harness operating profit increased 5.3% as operations at overseas plants stabilized. - FY2022WorsenedAnnual report
「In the wire harness business, revenue increased 49.2% year on year to ¥21,658 million due to higher sales of wire harnesses for four-wheeled vehicles and marine vessels. However, operating loss was ¥344 million, compared with operating profit of ¥380 million in the previous fiscal year, as expenses increased because replacement production was carried out in India, Japan and elsewhere to compensate for reduced production at the Vietnam plant.」
The wire harness business swung to an operating loss despite higher sales, due to replacement production costs incurred to compensate for reduced production at overseas bases. - FY2020AdvancedAnnual report
「In the wire harness business, revenue was ¥15,220 million, up 0.9% year on year, and operating profit was ¥630 million, up 45.3%, due to higher overseas sales of wire harnesses for motorcycles and improved productivity following the reorganization of production bases.」
Operating profit increased 45.3% due to higher overseas sales of wire harnesses for motorcycles and improved productivity following the reorganization of production bases. - FY2020-Q3RestatedAnnual report
「Operating profit was ¥881 million, down 33.2%, as the impact of lower automotive electrical component sales due to weak demand in India outweighed improved profit from higher productivity at overseas subsidiaries in the wire harness business」
Higher productivity at overseas subsidiaries in the wire harness business continues to be cited as a factor improving profit, but overall operating profit declined due to the impact of lower automotive electrical component sales. - FY2020-Q2RestatedAnnual report
「Operating profit was ¥598 million, down 18.4%, as the impact of lower sales of automotive electrical components and consumer and industrial equipment outweighed improved profit from higher productivity at overseas subsidiaries in the wire harness business」
Improved profit from higher productivity at overseas subsidiaries continues to be cited as a factor behind higher operating profit in the wire harness business. - FY2020-Q1MitigatedAnnual report
「Operating profit was ¥322 million, up 20.3%, due to improved productivity at overseas subsidiaries」
Improved productivity at overseas subsidiaries is cited as a factor behind higher operating profit, indicating continued improvement in the earnings of overseas subsidiaries. - FY2019MitigatedAnnual report
「In Home Electronics, sales declined following the switch to free-of-charge provision of parts by customers, but improved earnings at the Chinese subsidiary and other factors resulted in net sales of ¥9,341 million, down 4.8% year on year, and operating profit of ¥295 million, up 5.2%.」
Whereas deterioration in the earnings of the Chinese subsidiary had been cited through the previous fiscal year, improved earnings at the Chinese subsidiary is cited this fiscal year as a factor behind higher profit. - FY2018RestatedAnnual report
「In Home Electronics, sales of electronic control boards for washing machines and other products increased, but deteriorating earnings at the Chinese subsidiary amid the weaker yen resulted in net sales of ¥9,814 million, up 6.6% year on year, and operating profit of ¥280 million, down 48.4%.」
Rather than improved earnings at overseas subsidiaries, deterioration in the earnings of the Chinese subsidiary resulting from yen depreciation continues to be cited as a factor behind the decline in home electronics profit. - FY2018-Q3RestatedAnnual report
「In home electronics, despite higher sales of electronic control boards for washing machines and other products, deterioration in the profitability of Chinese subsidiaries due to the weaker yen and other factors resulted in net sales of ¥7,252 million, up 12.5% year on year, and operating income of ¥265 million, down 41.7%.」
Rather than improved earnings at overseas subsidiaries, deterioration in the earnings of the Chinese subsidiary resulting from yen depreciation continues to be cited as a factor behind the decline in home electronics profit. - FY2018-Q2WorsenedAnnual report
「Revenue was ¥4,556 million, up 8.2% year on year, and operating profit was ¥148 million, down 51.2%, due mainly to deterioration in the earnings of the Chinese subsidiary resulting from yen depreciation.」
Unlike the improved earnings at overseas subsidiaries cited in the preceding 2 quarters as a factor in improving home electronics profit, deterioration in the earnings of the Chinese subsidiary resulting from yen depreciation is cited this time as a factor behind the decline in operating profit. - FY2018-Q1DroppedAnnual report
「In home electronics, lower sales of electronic control boards for washing machines and other products resulted in net sales of ¥2,063 million, down 7.6% year on year, and operating income of ¥24 million, down 80.3%.」
The segment description in this filing makes no reference to improved earnings at overseas subsidiaries, which had been identified as a factor in improving home electronics profit in the preceding 2 quarters. - FY2017-Q3RestatedAnnual report
「In home electronics, despite lower sales due to the discontinuation of production of certain models, improvements in the profitability of overseas subsidiaries and other factors resulted in net sales of ¥6,445 million, down 6.8% year on year, and operating income of ¥456 million, up 34.0%.」
Improved earnings at overseas subsidiaries continues to be cited as a factor supporting operating profit despite lower home electronics sales. - FY2017-Q2First statedAnnual report
「In home electronics, despite lower sales of electronic control boards for washing machines and other products, improvements in the profitability of overseas subsidiaries and other factors resulted in net sales of ¥4,209 million, down 6.0% year on year, and operating income of ¥303 million, up 83.2%.」
Despite lower home electronics sales, improved earnings at overseas subsidiaries is identified for the first time as a factor contributing to higher operating profit.