Higher New-Vehicle Launch Costs and Production Stabilization at UK Site
First written in FY2016. 13 of 27 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026.
Faltec moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Sales in the North America and Other segment, excluding intersegment sales, amounted to ¥7,461 million, down 16.5% from the previous fiscal year, due to lower customer production and sales volumes. The segment loss amounted to ¥381 million, compared with segment profit of ¥29 million in the previous fiscal year, due mainly to the impact of lower sales.」
The North America and Other segment, including the UK business, swung from profit of ¥29 million to a loss of ¥381 million due to lower sales, indicating a deterioration in earnings recovery. - 2026-05-14WorsenedEarnings
「Sales in the North America and Other segment, excluding intersegment sales, amounted to ¥7,461 million, down 16.5% from the previous fiscal year, due to lower customer production and sales volumes. The segment loss amounted to ¥381 million, compared with segment profit of ¥29 million in the previous fiscal year, due mainly to the impact of lower sales.」
北米他セグメントは、前年度の利益から損失へ転換している。 - FY2025AdvancedAnnual report
「The North America and Other segment posted profit of ¥29 million, compared with a segment loss of ¥647 million in the previous fiscal year, due mainly to improvements at the UK subsidiary and other factors.」
The North America and Other segment, including the UK business, swung from a loss to profit of ¥29 million due mainly to improvements at the UK subsidiary and other factors. However, the disclosure does not state that the UK subsidiary itself returned to profitability. - FY2024MitigatedAnnual report
「The North America and Other segment loss narrowed to ¥647 million, compared with a segment loss of ¥1,663 million in the previous fiscal year, due mainly to the benefit of higher sales despite the impact of higher raw material and energy costs.」
The North America and Other segment's loss, including the UK business, narrowed from ¥1,663 million to ¥647 million, but the segment continued to report a loss. - FY2023MitigatedAnnual report
「The North America and Other segment loss amounted to ¥1,663 million, compared with a segment loss of ¥1,865 million in the previous fiscal year, due mainly to the impact of higher market prices for raw materials and one-time costs associated with structural reform at the UK subsidiary.」
The North America and Other segment's loss, including the UK subsidiary, narrowed from ¥1,865 million to ¥1,663 million. However, the deficit and structural reform costs continued. - FY2023-Q3MitigatedAnnual report
「The segment loss amounted to ¥1,422 million, compared with a segment loss of ¥1,439 million in the same period of the previous year, due mainly to the impact of higher market prices for raw materials and one-time costs associated with structural reform.」
The North America and Other segment's loss narrowed by ¥17 million from ¥1,439 million in the same period of the previous year to ¥1,422 million, but losses resulting from higher raw material prices and structural reform costs continued. - FY2023-Q2WorsenedAnnual report
「The segment loss amounted to ¥975 million, compared with a segment loss of ¥902 million in the same period of the previous year, due mainly to the impact of sharp fluctuations in customer production at the UK subsidiary following Russia's invasion of Ukraine, higher market prices for raw materials, and the recognition of one-time costs associated with structural reform.」
The North America and Other segment's loss, including the UK subsidiary, widened from ¥902 million in the same period of the previous year to ¥975 million, with fluctuations in customer production, higher raw material prices, and structural reform costs emerging as new burdens. - FY2023-Q1WorsenedAnnual report
「The segment loss amounted to ¥542 million, compared with a segment loss of ¥223 million in the same period of the previous year, due mainly to the impact of sharp fluctuations in customer production at the UK subsidiary following Russia's invasion of Ukraine and higher market prices for raw materials.」
The North America and Other segment's loss, including the UK subsidiary, widened from ¥223 million in the same period of the previous year to ¥542 million, with fluctuations in customer production following Russia's invasion of Ukraine and higher raw material prices cited as new burdens. - FY2022WorsenedAnnual report
「The North America and Other segment loss amounted to ¥1,865 million, compared with a segment loss of ¥1,470 million in the previous fiscal year, due mainly to production loss costs associated with COVID-19 measures at the UK subsidiary, higher market prices for raw materials, and higher labour costs resulting from the UK's withdrawal from the EU.」
The North America and Other segment's loss, including the UK subsidiary, widened from ¥1,470 million to ¥1,865 million, with infection-control measures, production losses, higher raw material prices, and higher labour costs resulting from the UK's withdrawal from the EU emerging as burdens. - FY2022-Q3WorsenedAnnual report
「Sales in the North America and Other segment, excluding intersegment sales, amounted to ¥3,541 million, up 20.2% year on year, as the segment recovered from the impact of COVID-19 in the same period of the previous year, despite extended production stoppages at customers' production plants due mainly to the prolonged semiconductor shortage. The segment loss amounted to ¥1,439 million, compared with a segment loss of ¥1,186 million in the same period of the previous year, due mainly to production loss costs associated with COVID-19 measures at the UK subsidiary, higher market prices for raw materials, and higher labour costs resulting from the UK's withdrawal from the EU.」
Although the North America and Other segment posted higher sales, its loss widened from ¥1,186 million in the same period of the previous year to ¥1,439 million due mainly to production losses associated with infection-control measures at the UK subsidiary, higher raw material prices, and higher labour costs resulting from the UK's withdrawal from the EU. - FY2022-Q2WorsenedAnnual report
「Although higher sales increased profit, the segment loss amounted to ¥902 million, compared with a segment loss of ¥898 million in the same period of the previous year, due mainly to production losses caused by the sharp production cuts in the second quarter and preparation costs for launching new vehicle models at the UK subsidiary.」
The North America and Other segment's loss widened from ¥898 million in the same period of the previous year to ¥902 million. Production losses caused by sharp production cuts and preparation costs for launching new vehicle models at the UK subsidiary were cited as factors. - FY2021WorsenedAnnual report
「Sales in the North America and Other segment, excluding intersegment sales, amounted to ¥4,357 million, down 41.6% from the previous fiscal year, due mainly to customers' production plants being shut down for extended periods as a result of the spread of COVID-19. The segment loss amounted to ¥1,470 million, compared with a segment loss of ¥1,327 million in the previous fiscal year, due mainly to the impact of lower profit resulting from the decline in sales.」
The North America and Other segment's loss, including the UK subsidiary, widened from ¥1,327 million to ¥1,470 million, indicating a deterioration in progress toward the earnings recovery target. - FY2020WorsenedAnnual report
「The segment loss amounted to ¥1,327 million, compared with a segment loss of ¥554 million in the previous fiscal year, due mainly to the impact of lower operating levels, higher retirement benefit expenses at the UK subsidiary, and costs associated with structural reform.」
The North America and Other segment, including the UK subsidiary, saw its loss widen from ¥554 million to ¥1,327 million, with higher retirement benefit expenses and structural reform costs emerging as new burdens. - FY2020-Q1MitigatedAnnual report
「The segment loss improved by ¥87 million year on year to ¥47 million, compared with a segment loss of ¥134 million in the same period of the previous year, as the effects of lower sales were offset by the effects of on-site improvements at the UK subsidiary and other factors.」
The North America and Other segment's loss narrowed by ¥87 million year on year due to the effects of on-site improvements at the UK subsidiary, further easing the previous deterioration in earnings at the UK base. - FY2019MitigatedAnnual report
「Although preparation costs for a new business at the US subsidiary were recognised, the segment loss improved by ¥39 million from the previous fiscal year to ¥554 million, compared with a segment loss of ¥593 million in the previous fiscal year, due mainly to the effects of on-site improvements at the UK subsidiary.」
The North America and Other segment's loss narrowed by ¥39 million due to the effects of on-site improvements at the UK subsidiary, but the segment continued to report a loss. - FY2019-Q3MitigatedAnnual report
「Although the US subsidiary was affected by lower customer production and recognised production preparation costs for its millimetre-wave radar cover business, the segment loss improved by ¥58 million year on year to ¥510 million, compared with a segment loss of ¥568 million in the same period of the previous year, due mainly to the effects of on-site improvements at the UK subsidiary.」
The North America and Other segment's loss narrowed by ¥58 million year on year due to the effects of on-site improvements at the UK subsidiary. Meanwhile, the loss continued due to lower customer production and production preparation costs at the US subsidiary. - FY2019-Q2MitigatedAnnual report
「Although preparation costs for a new business at the US subsidiary were recognised, the segment loss improved by ¥84 million year on year to ¥267 million, compared with a segment loss of ¥352 million in the same period of the previous year, due mainly to the effects of on-site improvements at the UK subsidiary.」
The North America and Other segment's loss improved by ¥84 million year on year due to the effects of on-site improvements at the UK subsidiary. However, the segment continued to report a loss due to preparation costs and other factors at the US subsidiary. - FY2019-Q1MitigatedAnnual report
「Although profitability at the UK subsidiary improved, the segment loss amounted to ¥134 million, compared with a segment loss of ¥125 million in the same period of the previous year, due mainly to the recognition of preparation costs for a new business at the US subsidiary.」
Improved profitability at the UK subsidiary was reported, partially easing the previous deterioration in earnings at the UK base. However, the North America and Other segment's loss exceeded that of the same period of the previous year due to preparation costs for a new business at the US subsidiary. - FY2018MitigatedAnnual report
「Although losses caused by the increase in new-model launch costs at the UK subsidiary in the previous fiscal year were improving, the segment loss amounted to ¥593 million, compared with a segment loss of ¥658 million in the previous fiscal year, due mainly to the recognition of preparation costs for a new business at the US subsidiary.」
Losses caused by higher new-model launch costs at the UK subsidiary improved, and the North America and Other segment's loss narrowed from ¥658 million to ¥593 million. Meanwhile, preparation costs for a new business in the US have become a new source of losses. - FY2018-Q3MitigatedAnnual report
「Although the increase in new-model launch costs at the UK subsidiary incurred in the same period of the previous year was resolved, the segment loss amounted to ¥568 million, compared with a segment loss of ¥635 million in the same period of the previous year, due mainly to the recognition of preparation costs for establishing a millimetre-wave radar cover production line at the US subsidiary.」
The increase in new-model launch costs at the UK subsidiary was resolved, and the North America and Other segment's loss narrowed from ¥635 million in the same period of the previous year to ¥568 million. However, preparation costs for a new line at the US subsidiary became a new source of losses. - FY2018-Q2MitigatedAnnual report
「The segment loss amounted to ¥320 million, compared with a segment loss of ¥557 million in the same period of the previous year, due mainly to the resolution of higher new-model launch costs at the UK subsidiary.」
The North America and Other segment's loss narrowed from ¥557 million in the same period of the previous year to ¥320 million as the increase in new-model launch costs at the UK subsidiary was resolved. - FY2018-Q1MitigatedAnnual report
「The segment loss amounted to ¥152 million, compared with a segment loss of ¥346 million in the same period of the previous year, due mainly to the resolution of higher new-model launch costs at the UK subsidiary.」
The increase in new-model launch costs at the UK subsidiary was resolved, and the North America and Other segment's loss narrowed from ¥346 million in the same period of the previous year to ¥152 million. However, the segment continued to report a loss. - FY2017WorsenedAnnual report
「The segment loss amounted to ¥670 million, compared with segment profit of ¥222 million in the previous fiscal year, due mainly to higher new-model launch costs at the UK subsidiary and increased costs for production stabilisation measures and health and safety measures.」
Due to higher new-model launch costs at the UK subsidiary and increased costs for production stabilisation measures and health and safety measures, the North America and Other segment swung from a profit of ¥222 million to a loss of ¥670 million. - FY2017-Q3WorsenedAnnual report
「Although profitability improved significantly in the Asia segment, operating profit amounted to ¥1,129 million, down 39.0% year on year, due mainly to the impact of higher new-model preparation costs and other factors in the Japan segment, higher new-model launch costs at the UK subsidiary, and increased costs for production stabilisation and health and safety measures.」
In addition to new-model launch costs at the UK subsidiary, higher costs for production stabilisation measures and health and safety measures continued, and the North America and Other segment posted a loss of ¥579 million. - FY2017-Q2WorsenedAnnual report
「The recovery in the performance of the UK subsidiary, FALTEC EUROPE LIMITED, has been delayed. Although the company is seeking improvement through technical and on-site management support from Japan, the subsidiary has not yet returned to profitability.」
Although support from Japan has continued, the UK subsidiary has not returned to profitability, and the North America and Other segment posted a loss of ¥557 million. In addition to new-model launch costs, costs related to production stabilisation and health and safety measures have also increased. - FY2017-Q1WorsenedAnnual report
「The operating loss was ¥33 million, compared with operating profit of ¥342 million in the same period of the previous year, due mainly to the impact of lower sales in the Japan segment and the continued impact in some areas of higher costs during new-vehicle launches at the UK subsidiary.」
Higher new-model launch costs at the UK subsidiary continued, and the North America and Other segment posted a loss of ¥346 million, compared with a profit of ¥74 million in the same period of the previous year. - FY2016First statedAnnual report
「As higher new-vehicle launch costs and other expenses were incurred at the UK subsidiary FALTEC EUROPE LIMITED, the company is working to stabilise production by thoroughly deploying and embedding Japan's manufacturing standards.」
This is identified as a material issue that arose during the execution of the FY17 medium-term management plan.