Deterioration in the performance of overseas subsidiaries, including Hitachi Zosen Inova AG
First written in FY2020. 2 of 3 entries say "Materialised", first in FY2020. Latest entry: FY2026.
Kanadevia moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In the final year of the medium-term management plan “Forward 25” (fiscal 2025), order intake and sales exceeded the figures announced at the beginning of the fiscal year, helped by the growth of overseas subsidiary Kanadevia Inova AG. and its group companies and the weaker yen. However, operating income, ordinary income and net income attributable to owners of the parent were all subject to two downward revisions to the earnings forecast during the year, due to responses to technical problems and other issues at Kanadevia Inova AG.」
The response to technical problems and other issues at Kanadevia Inova AG. actually resulted in a downward revision to profit items, and the risk of deteriorating performance at an overseas subsidiary resurfaced. - FY2022MitigatedAnnual report
「Hitachi Zosen Inova AG secured orders substantially above its initial plan and posted a profit for the second consecutive fiscal year, following fiscal 2020.」
For HZI, where deteriorating performance had previously been an issue, the company disclosed secured orders and a profit for the second consecutive fiscal year, indicating an improvement in business performance. - FY2020MaterialisedAnnual report
「The main factors were deteriorating performance at Hitachi Zosen Inova AG and weak profitability in the manufacturing business. While addressing these issues, the group will steadily implement the specific measures of the new medium-term management plan Forward 22 described in “(1) Management Policy, Management Strategy, etc. ② Management Strategy, etc.”, promote the “strengthening of earnings power,” and achieve tangible results with a view to the goals of the long-term Hitz 2030 Vision.」
Deteriorating performance at Hitachi Zosen Inova AG was explicitly identified as a factor behind the earnings shortfall under Change & Growth and categorized as an issue to be addressed under Forward 22.