Establishment of a Mexican Production Subsidiary and Commencement of Consolidation
First written in FY2017. 3 of 6 entries say "Advanced", first in FY2018. Latest entry: FY2026.
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- FY2026DroppedAnnual report
「In the fiscal year ending March 2026, IRISO ELECTRONICS Mexico,S.A.de C.V. was liquidated and therefore excluded from the scope of consolidation from the current consolidated fiscal year.」
The liquidation of the Mexican production subsidiary and its exclusion from consolidation were disclosed in relation to the policy of establishing the subsidiary and building a new plant, bringing the previous site expansion plan to an end. - FY2019AdvancedAnnual report
「In production, the company will expand production capacity by increasing output at the Nantong plant and beginning preparations for construction of a new plant in Mexico.」
The Mexican production subsidiary progressed from the establishment and land-acquisition stage to the commencement of preparations for construction of a new plant. - FY2019-Q3RestatedAnnual report
「As part of efforts to strengthen production capacity under the medium-term management plan, the Nantong Plant in China (南通意力速電子工業有限公司) commenced operations in April, and start-up costs were incurred.」
The company reconfirms that the Nantong plant began operations in April and that launch costs were incurred. - FY2019-Q1AdvancedAnnual report
「On the production side, the Nantong Plant in China (南通意力速電子工業有限公司) commenced operations in April as part of efforts to strengthen production capacity under the medium-term management plan.」
The Nantong production subsidiary progressed from the post-establishment, post-consolidation stage at which manufacturing had not yet begun to the commencement of plant operations in April. - FY2018AdvancedAnnual report
「In addition, the company formulated a medium-term management plan in May 2017 and is aiming to achieve net sales of ¥50 billion and an operating margin of 20% in the fiscal year ending March 2020.」
The Nantong production subsidiary progressed from the stage of establishment, commencement of consolidation and non-commencement of manufacturing to the stage of constructing and launching the Nantong plant, with equipment and employees now recorded. - FY2017First statedAnnual report
「IRISO ELECTRONICS Mexico, S.A. de C.V. was established as a production subsidiary in March 2016, and Nantong Yilisu Electronics Industry Co., Ltd. was established as a production subsidiary in September of the same year. However, neither manufactured nor supplied products during the current consolidated fiscal year.」
The Mexican production subsidiary was established and included in the scope of consolidation from the current consolidated fiscal year, while manufacturing and supply had not yet commenced during the year.