Transfer of the Printed Circuit Board Business to the Oki Electric Industry Group
First written in FY2017-Q1. 4 of 10 entries say "Restated". Latest entry: FY2019-Q3.
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- FY2019-Q3RestatedAnnual report
「Production of printed circuit boards ceased at the end of March 2018, and the business was discontinued upon completion of customer acceptance of sales during the fiscal year.」
Following the switch of orders to the Oki Electric Industry Company,Limited group, it has been reconfirmed that the printed wiring board business ended with the suspension of production at 山梨アビオニクス and the completion of customer sales acceptance. - FY2019-Q2AchievedAnnual report
「Production of printed circuit boards was halted in March this year, and the business has been wound down following completion of customer sales acceptance during the current fiscal year.」
Following the switch of orders to the Oki Electric Industry Company,Limited group, customer acceptance of sales was completed after production ceased at Yamanashi Avionics, bringing the printed circuit board business to an end. - FY2018AchievedAnnual report
「As the transfer of customers and the transfer of technology, know-how and other items required for the business transfer progressed as scheduled, Yamanashi Avionics Co., Ltd. ceased production at the end of March this year.」
For the printed circuit board business, the transfer of customers and the required technology and know-how progressed as scheduled, leading to the cessation of production at Yamanashi Avionics. - FY2018-Q3RestatedAnnual report
「As orders were increasingly switched to OKI in connection with the business transfer, sales of printed circuit boards fell sharply to ¥1,406 million, down ¥563 million, or 28.6%, year on year.」
The switch of orders to OKI continued, and printed circuit board sales were ¥1,406 million, down 28.6% year on year. No completion of the transfer was reported. - FY2018-Q2AdvancedAnnual report
「As orders were increasingly switched to OKI in connection with the business transfer, sales of printed circuit boards fell sharply to ¥980 million, down ¥387 million, or 28.3%, year on year.」
The switch of orders to the Oki Electric Industry Company,Limited group continued, and printed circuit board sales were ¥980 million, down 28.3% year on year. Execution of the business transfer progressed. - FY2018-Q1RestatedAnnual report
「As orders were increasingly switched to OKI in connection with the business transfer, sales of printed circuit boards fell sharply to ¥380 million, down ¥334 million, or 46.8%, year on year.」
The switch of orders to the Oki Electric Industry Company,Limited group continued, and printed circuit board sales were ¥380 million, down 46.8% year on year. No completion of the transfer was reported. - FY2017AdvancedAnnual report
「Although printed circuit boards for semiconductor high-temperature screening tests for automotive applications performed well, sales fell sharply as orders were gradually switched to the Oki Electric Industry Company,Limited group under the “Transfer of the Printed Circuit Board Business” announced on 7 July 2016.」
The transfer to the Oki Electric Industry Company,Limited group advanced from the contract stage to the execution stage, with orders being switched. The transfer itself had not been completed as of the end of the fiscal year. - FY2017-Q3RestatedAnnual report
「The Company also resolved to transfer the printed circuit board business to the Oki Electric Industry Company,Limited group and announced this on the same day.」
The resolution to transfer the printed circuit board business to the Oki Electric Industry Company,Limited group was reiterated. No completion of the transfer since the second-quarter report was reported. - FY2017-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 July 2016, the Company resolved, in order to cooperate with the Chuo Shinkansen maglev project being promoted by Central Japan Railway Company, to transfer to Central Japan Railway Company part of the site of its consolidated subsidiary Yamanashi Avionics Co., Ltd., which shares responsibility for manufacturing printed circuit boards, and to receive compensation from Central Japan Railway Company for removing buildings and other structures from the site. It also resolved to transfer the printed circuit board business to the Oki Electric Industry Company,Limited group. The Company entered into the respective agreements.」
The transfer of the printed circuit board business to the Oki Electric Industry Company,Limited group progressed from a Board of Directors resolution to the conclusion of an agreement. The transfer itself has not been completed. - FY2017-Q1First statedAnnual report
「Regarding the specific details of the business transfer, the Company will consult with customers and, beginning in the second half of fiscal 2016, gradually switch production of printed circuit boards for which preparations for the transfer are complete to OKI, while gradually ceasing order-taking activities for new products. For the transfer of printed circuit boards for space and defense applications, the Company will obtain line certifications in stages, and the business transfer is expected to be completed upon obtaining these certifications.」
Following the closure of the YACL plant, a policy was decided to transfer the printed circuit board business to the Oki Electric Industry Company,Limited group. Sales of the business to be transferred were ¥2,650 million in the fiscal year ended March 2016, representing 11.5% of consolidated sales. The transfer was scheduled for 31 March 2018.