Cost Burden Associated with the Downsizing of the Printed Circuit Board Business and Plant Closure
First written in FY2017-Q1. 6 of 11 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2020.
Nippon Avionics moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2024: 4 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「Reversal of provision for losses on the business transfer」
The provision for losses on the business transfer decreased from ¥82 million to zero, substantially reducing the ongoing cost burden associated with downsizing the business and closing the plant. A ¥58 million reversal of the provision was also recognized. - FY2020-Q2MitigatedAnnual report
「Provision for losses on the business transfer 82 68」
The provision for losses on the business transfer decreased from ¥82 million at the end of the previous consolidated fiscal year to ¥68 million, reducing the ongoing cost burden associated with downsizing the printed wiring board business and closing the plant. - FY2019MitigatedAnnual report
「This was mainly due to a decrease in short-term borrowings and the provision for losses on the business transfer.」
The provision for losses on the business transfer decreased from ¥906 million to ¥82 million, substantially reducing the ongoing cost burden associated with downsizing the printed wiring board business and closing the plant. - FY2019-Q3MitigatedAnnual report
「Sales in this segment for the current period were ¥320 million, down 77.2% year on year. The segment loss was ¥90 million, an improvement of ¥279 million year on year.」
As a result of the suspension of production and the end of the business, the printed wiring board segment loss improved by ¥279 million year on year to ¥90 million, while the ongoing cost burden associated with downsizing the business and closing the plant declined. - FY2019-Q2MitigatedAnnual report
「Production of printed wiring boards was suspended in March this year, and the business ended with the completion of customer sales acceptance during the current period. ... Sales in this segment for the current period were ¥320 million, down 67.3% year on year. The segment loss was ¥75 million, an improvement of ¥206 million year on year.」
As a result of the suspension of production and the end of the business, the printed wiring board segment loss improved by ¥206 million year on year to ¥75 million, while the ongoing cost burden associated with downsizing the business and closing the plant declined. - FY2019-Q1MitigatedAnnual report
「Orders for printed wiring boards were increasingly switched to the Oki Electric Industry Company,Limited group as part of the business transfer, and production at consolidated subsidiary 山梨アビオニクス株式会社, which shared manufacturing responsibilities, was suspended at the end of the previous consolidated fiscal year. As a result, sales declined. Segment profit and loss improved because total costs decreased following the suspension of production and other factors.」
Following the suspension of production at 山梨アビオニクス, the printed wiring board segment loss improved by ¥64 million year on year to ¥46 million. Total costs associated with the suspension of production and other factors declined. - FY2018RestatedAnnual report
「The loss on the business transfer consists of costs related to building demolition and other matters associated with the closure of a consolidated subsidiary's plant, special production cooperation payments and other items.」
Costs associated with the plant closure, building demolition and other matters continued to arise, and the loss on the business transfer was ¥231 million for the year. Work relating to the handover of the land and demolition of the buildings remains outstanding. - FY2017WorsenedAnnual report
「The ¥3,694 million in compensation received from JR Central during the period was recognized as an extraordinary gain, while ¥1,776 million in costs and other expenses related to the transfer of the printed wiring board business was recognized as an extraordinary loss.」
The cost burden associated with the business transfer, building demolition and plant closure reached ¥1,776 million for the full year. The amount recognized for the full year increased from ¥1,004 million as of the second quarter. - FY2017-Q3RestatedAnnual report
「¥1,004 million in costs and other expenses related to the business transfer were recognized as an extraordinary loss.」
The recognition of costs associated with the business transfer, building demolition and other matters as an extraordinary loss continues to be disclosed. The cost burden has already arisen, and no new increase in the amount was disclosed this time. - FY2017-Q2MaterialisedAnnual report
「¥1,004 million in costs and other expenses related to the business transfer were recognized as an extraordinary loss.」
¥1,004 million in costs associated with the transfer of the printed wiring board business, building demolition and other matters was recognized as an extraordinary loss, and the previously disclosed concern over the cost burden materialized. - FY2017-Q1First statedAnnual report
「There is concern that costs and other expenses may arise during the period until the business transfer is completed as a result of the reduction in business scale and closure of the current plant. If an event occurs in the future that has a material impact on the financial position, operating results or cash flows of our corporate group, we will disclose it promptly.」
The company planned to recognize ¥490 million in costs related to the business transfer as an extraordinary loss in the fiscal year ending March 2017, and also disclosed concerns about additional costs associated with reducing the scale of the business and closing the plant.