Streamlining Unprofitable Overseas Businesses and Reviewing the Overseas Production Structure
First written in FY2016. 2 of 8 entries say "Restated". Latest entry: FY2024-Q3.
1 other company's latest entry also says "Achieved".
- FY2024-Q3AchievedAnnual report
「NIPPON TUNGSTEN DO BRASIL SOLUÇÕES DE CORTE LTDA. completed its liquidation as of 18 December 2023 and ceased to be a subsidiary of the Company.」
The dissolution and liquidation of the Brazilian subsidiary, approved in FY2023-Q3, were completed on 18 December 2023, and the subsidiary was excluded from the scope of consolidation. - FY2023-Q3AdvancedAnnual report
「At a meeting of the company's Board of Directors held on 14 December 2022, the company resolved to dissolve and liquidate its consolidated subsidiary NIPPON TUNGSTEN DO BRASIL SOLUÇÕES DE CORTE LTDA. The liquidation is expected to be completed once the necessary procedures under local law have been completed.」
The Brazilian subsidiary reached the specific stage of having its dissolution and liquidation approved by the Board of Directors and commencing liquidation procedures. - FY2018AchievedAnnual report
「恩悌（上海）商貿有限公司 completed its liquidation on 21 September 2017, and 恩悌（香港）有限公司 completed its liquidation on 29 December 2017. They have therefore been excluded from the scope of consolidation.」
The 2 Chinese trading subsidiaries progressed from liquidation procedures to completion of liquidation and were excluded from the scope of consolidation. - FY2017AdvancedAnnual report
「恩悌（上海）商貿有限公司 and 恩悌（香港）有限公司 resolved to dissolve on 7 December 2016 and are currently undergoing liquidation procedures. 上海電科電工材料有限公司 completed its liquidation on 14 April 2016 and has therefore been excluded from the scope of consolidation.」
The company reported the completion of liquidation of 上海電科電工材料有限公司, as well as dissolution resolutions and the commencement of liquidation procedures for 2 Chinese trading subsidiaries. - FY2017-Q3Cited as achievedAnnual report
「Although the NT die cutters for hygiene-related products performed steadily, magnetic head substrates for hard disk drives (HDDs) in the information equipment business performed poorly as the HDD market contracted. Revenue also declined due to a review of the equipment business of the Chinese subsidiary.」
The restructuring of overseas businesses, including a review of the Chinese subsidiary's equipment business, was positioned as a past measure and result involving a review of the business portfolio. - FY2017-Q2RestatedAnnual report
「上海電科電工材料有限公司 had resolved to dissolve on 15 January 2015 and had been undergoing liquidation procedures, but completed its liquidation on 14 April 2016. As a result, it ceased to be a subsidiary of the company.」
The company reaffirmed the completion of liquidation of 上海電科電工材料有限公司 and its exclusion from the scope of consolidation. - FY2017-Q1RestatedAnnual report
「上海電科電工材料有限公司 had resolved to dissolve on 15 January 2015 and had been undergoing liquidation procedures, but completed its liquidation on 14 April 2016. As a result, it ceased to be a subsidiary of the company.」
The company reaffirmed the completion of liquidation of 上海電科電工材料有限公司 and its exclusion from the scope of consolidation. - FY2016First statedAnnual report
「The cost ratio improved substantially through initiatives to improve production efficiency and reviews of overseas production operations and the product mix, among other measures,」
The company described the review of overseas production operations and the product mix as measures to improve profitability. 上海電科電工材料有限公司 completed its liquidation on 14 April 2016.