Expansion of Overseas Production Bases, Centered on China and Thailand
First written in FY2016. 16 of 18 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
93 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「During the consolidated fiscal year, the Company made ¥3,721 million of capital investment, mainly in production equipment, dies and jigs and tools for automotive parts production. The breakdown was ¥3,175 million in Japan, ¥540 million in Asia, and ¥6 million in North America and other regions. The investments were made mainly to strengthen competitiveness at domestic plants and Chinese subsidiaries. 佛山発爾特克汽車零部件有限公司 Head office and plant (Guangdong Province, China) Automotive parts Production equipment 200 Internal funds and borrowings August 2026 February 2027」
The Company continued to invest in domestic plants and Chinese subsidiaries, presenting a ¥200 million capital investment plan for its plant in Guangdong Province, China, from August 2026 to February 2027. - FY2024AdvancedAnnual report
「During the consolidated fiscal year, the Company made ¥3,746 million of capital investment, mainly in production equipment, dies and jigs and tools for automotive parts production. The breakdown was ¥3,029 million in Japan, ¥612 million in Asia, and ¥104 million in North America and other regions. The investments were made mainly to strengthen competitiveness at domestic plants and Chinese subsidiaries.」
The Company invested ¥3,746 million in its production base, including domestic plants and Chinese subsidiaries, and continued to strengthen its overseas production base. - FY2022AdvancedAnnual report
「Revenue in Asia, excluding intersegment revenue, was ¥10,697 million, up 10.4% from the previous consolidated fiscal year, as business recovered from the impact of COVID-19 in the previous consolidated fiscal year despite the impact of semiconductor shortages and other factors.」
Revenue in Asia, including overseas production sites, was ¥10,697 million, up 10.4% year on year, as business recovered from the impact of the pandemic. - FY2021AdvancedAnnual report
「The main decrease in property, plant and equipment was a ¥1,195 million decline in machinery and transportation equipment, net, due to depreciation and other factors. Construction in progress also decreased by ¥888 million, mainly following the start of operations at a new plant of the UK subsidiary.」
The UK subsidiary proceeded with the start-up of its new plant and the transfer of production, marking a concrete milestone in expanding the overseas production network. - FY2020AdvancedAnnual report
「During the consolidated fiscal year, the Company made ¥5,621 million of capital investment, mainly in production equipment, dies and jigs and tools for automotive parts production. The breakdown was ¥2,985 million in Japan, ¥2,049 million in North America and other regions, and ¥586 million in Asia.」
The Company invested ¥5,621 million in production equipment and other assets, including ¥2,049 million in North America and other regions to strengthen its overseas production base. - FY2020-Q3AdvancedAnnual report
「Segment profit was ¥473 million, compared with a segment loss of ¥510 million in the previous fiscal year, mainly due to improved production efficiency for millimeter-wave radar covers at the North American subsidiary, which began production in the previous fiscal year.」
The Company stated that improved efficiency after the start of production at the new millimeter-wave radar cover line in North America helped reduce losses in the North America and other regions segment. - FY2019AdvancedAnnual report
「FALTEC EUROPE LIMITED Tyne and Wear, United Kingdom Automotive parts production equipment and other assets 2,400 Internal funds and borrowings April 2019 January 2020 25% capacity expansion」
For its UK site, the Company newly presented an equipment investment plan totaling ¥2,400 million, scheduled for completion in January 2020, to expand capacity by 25%. - FY2019-Q3AdvancedAnnual report
「Revenue in North America and other regions, excluding intersegment revenue, was ¥7,357 million, down 0.8% year on year, despite the start of operations at the newly established millimeter-wave radar cover line, due in part to lower customer production of other products.」
The newly established millimeter-wave radar cover line in North America began operations. The North America and other regions segment reported lower revenue overall due to lower customer production of other products. - FY2019-Q2AdvancedAnnual report
「With regard to increases in property, plant and equipment, the company plans to continue investing in equipment to address future increases in demand and strengthen its manufacturing capabilities. During the six months ended the second quarter of the current consolidated fiscal year, it invested ¥3,168 million in the Kyushu region and ¥464 million to prepare for the launch of its strategic millimeter-wave radar cover business in North America.」
The Company made ¥3,168 million of investment in the Kyushu region and ¥464 million to launch its millimeter-wave radar cover business in North America. - FY2019-Q1AdvancedAnnual report
「With regard to capital expenditures, the company plans to continue investing in equipment during the current consolidated fiscal year to address future increases in demand and strengthen its manufacturing capabilities. During the first quarter of the current consolidated fiscal year, it invested ¥1,589 million in the Kyushu region and ¥376 million to prepare for the launch of its strategic millimeter-wave radar cover business in North America.」
In its overseas operations, the Company made investments to launch its strategic millimeter-wave radar cover products in North America and is expanding its overseas sites and production capacity. - FY2018AdvancedAnnual report
「During the consolidated fiscal year, the Company established ㈱北九州ファルテック, an unconsolidated subsidiary manufacturing automotive exterior parts, in Kitakyushu, Fukuoka Prefecture.」
The Company established 北九州ファルテック in the Kyushu region and is proceeding with capital investment in the region. - FY2018-Q3AdvancedAnnual report
「Sales in the North America and Other segment, excluding intersegment sales, decreased 8.4% year on year to ¥7,419 million, due mainly to changes in the product mix. The segment loss was ¥568 million, compared with a segment loss of ¥635 million in the same period of the previous fiscal year. Although the increase in costs for the launch of new vehicles at the UK subsidiary that had occurred in the same period of the previous fiscal year was no longer a factor, the segment recorded preparation costs for the establishment of a millimeter-wave radar cover production line at the US subsidiary, among other items.」
Preparations are underway at the US subsidiary to establish a millimeter-wave radar cover production line, representing specific progress in expanding overseas production bases and capacity. At the same time, preparation costs became a factor behind the loss in the North America and Other segment. - FY2018-Q2AdvancedAnnual report
「FALTEC AMERICA, INC., the company’s US subsidiary, has obtained the following borrowings to finance the acquisition of production equipment.」
The company discloses that its US subsidiary borrowed $16 million to finance the acquisition of production equipment as a material subsequent event. - FY2017RestatedAnnual report
「FALTEC AMERICA, INC. Plant (Georgia, United States) Production equipment, etc. 1,500 Internal funds and borrowings April 2017 December 2017 100% capacity expansion 湖北発爾特克汽車零部件有限公司 Head office and plant (Hubei Province, China) Production equipment 500 Internal funds and borrowings May 2017 December 2017 50% capacity expansion」
The company continues its policy of expanding overseas production bases and presents plans to increase capacity by 100% at its US plant and by 50% at its plant in Hubei Province, China. - FY2017-Q3AdvancedAnnual report
「Sales, excluding intersegment sales, increased 2.7% year on year to ¥8,194 million, due mainly to contributions from the Thai subsidiary and the subsidiary in Hubei Province, China, which began full-scale operations in the second half of the previous fiscal year.」
The full-scale operations of the Thai subsidiary and the subsidiary in Hubei Province, China, continued to contribute to Asia segment sales for the nine months ended the third quarter. - FY2017-Q2AdvancedAnnual report
「Sales, excluding intersegment sales, increased 5.3% year on year to ¥5,544 million, due mainly to contributions from the Thai subsidiary and the subsidiary in Hubei Province, China, which began full-scale operations in the second half of the previous fiscal year.」
The full-scale operations of the Thai subsidiary and the subsidiary in Hubei Province, China, continued to contribute to Asia segment sales for the six months ended the second quarter. - FY2017-Q1AdvancedAnnual report
「Sales increased 3.0% year on year to ¥19,268 million, due to contributions from the Thai subsidiary and the subsidiary in Hubei Province, China, which began full-scale operations in the second half of the previous fiscal year, as well as the effect of expanded sales to new customers by the UK subsidiary.」
The full-scale operations of the Thai subsidiary and the subsidiary in Hubei Province, China, contributed to quarterly sales. Sales in the Asia segment increased 20.2% year on year. - FY2016First statedAnnual report
「In recent years, the company has established new bases in China and Thailand and is working to increase the ratio of overseas sales.」
The company has set a goal of increasing the ratio of overseas sales through new bases in China and Thailand. During the current fiscal year, the new plants in China and Thailand began full-scale operations.