Achieving Profitability and Restoring the Performance of FALTEC EUROPE LIMITED
First written in FY2017-Q2. 15 of 30 entries say "Advanced", first in FY2018. Latest entry: FY2026.
Faltec moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 3 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The North America and Other segment recorded a loss of ¥381 million, compared with segment profit of ¥29 million in the previous consolidated fiscal year, due mainly to the impact of lower sales.」
The North America and Other segment, including the UK business, turned from profit of ¥29 million in the previous fiscal year to a loss of ¥381 million, worsening conditions relative to the performance recovery and profitability targets. - FY2026-H1WorsenedAnnual report
「The segment loss was ¥138 million, compared with a segment loss of ¥54 million in the same period of the previous year, due mainly to lower sales at the US subsidiary and the impact of tariffs.」
The loss in the North America and Other segment, including the UK business, widened from ¥54 million in the same period of the previous year to ¥138 million. The text cites lower sales at the US subsidiary and the impact of tariffs, among other factors, but does not specify the situation at the UK subsidiary on a standalone basis. - 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.」
Due mainly to improvements at the UK subsidiary, the loss in the North America and Other segment, including the UK business, turned into a profit of ¥29 million from a loss of ¥647 million. Achievement of profitability by the UK subsidiary on a standalone basis is not explicitly stated. - FY2025-H1AdvancedAnnual report
「The segment loss narrowed, mainly due to higher sales and improvements at the UK subsidiary, to ¥54 million, compared with a segment loss of ¥576 million in the same period of the previous year.」
Due mainly to improvements at the UK subsidiary, the loss in the North America and Other segment, including the UK business, narrowed from ¥576 million in the same period of the previous year to ¥54 million. However, there is no mention of achieving profitability. - FY2024AdvancedAnnual report
「Within the Group, the turnaround of the UK business is an urgent priority. With intensive support from the mother plant in Japan, we are pursuing further improvements in product quality and on-site production efficiency, while local management is taking the lead in implementing substantial fixed-cost reductions. The loss in the North America and Other segment narrowed to ¥647 million, compared with a segment loss of ¥1,663 million in the previous consolidated fiscal year, owing mainly to the effect of higher sales despite the impact of higher raw-material and energy costs.」
While treating the turnaround of the UK business as an urgent priority and continuing support from the mother plant and fixed-cost reductions, the loss in the North America and Other segment narrowed from ¥1,663 million to ¥647 million. There is no mention of achieving profitability. - FY2024-Q3AdvancedAnnual report
「Sales in the North America and Other segment, excluding intersegment sales, rose to ¥6,698 million, up 30.6% year on year, as customers' production and sales volumes recovered. Despite the impact of higher raw-material and energy costs, the segment loss narrowed to ¥792 million, owing mainly to the effect of higher sales, compared with a segment loss of ¥1,422 million in the same period of the previous year.」
In the North America and Other segment, including the UK business, the loss narrowed from ¥1,422 million in the same period of the previous year to ¥792 million as customers' production and sales volumes recovered and sales increased. However, there is no mention of achieving profitability. - FY2024-Q2AdvancedAnnual report
「Sales in the North America and Other segment, excluding intersegment sales, rose to ¥4,204 million, up 32.0% year on year, as customers' production and sales volumes recovered. Despite the impact of higher raw-material and energy costs, the segment loss narrowed to ¥576 million, owing mainly to the effect of higher sales, compared with a segment loss of ¥975 million in the same period of the previous year.」
In the North America and Other segment, including the UK business, the loss narrowed from ¥975 million in the same period of the previous year to ¥576 million as customers' production and sales volumes recovered and sales increased. However, there is no mention of achieving profitability. - FY2024-Q1AdvancedAnnual report
「Sales in the North America and Other segment, excluding intersegment sales, rose to ¥2,060 million, up 28.2% year on year, as customers' production and sales volumes recovered. Despite the impact of higher raw-material and energy costs, the segment loss narrowed to ¥336 million, owing mainly to the effect of higher sales, compared with a segment loss of ¥542 million in the same period of the previous year.」
In the North America and Other segment, including the UK business, the loss narrowed from ¥542 million in the same period of the previous year to ¥336 million as customers' production and sales volumes recovered and sales increased. There is no mention of achieving profitability. - FY2023AdvancedAnnual report
「Within the Group, the turnaround of the UK business is an urgent priority. With intensive support from the mother plant in Japan, we are pursuing further improvements in product quality and on-site production efficiency, while local management is taking the lead in implementing substantial fixed-cost reductions. The loss in the North America and Other segment was ¥1,663 million, compared with a segment loss of ¥1,865 million in the previous consolidated fiscal year, due to the impact of higher raw-material prices and temporary costs associated with structural reforms at the UK subsidiary.」
While treating the turnaround of the UK business as an urgent priority and continuing support from the mother plant and fixed-cost reductions, the loss in the North America and Other segment narrowed from ¥1,865 million to ¥1,663 million. There is no mention of achieving profitability. - FY2023-Q3AdvancedAnnual 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 loss in the North America and Other segment narrowed by ¥17 million year on year, but a loss of ¥1,422 million continued, and the segment did not achieve profitability. - 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 loss in the North America and Other segment, including the UK subsidiary, widened from ¥902 million in the same period of the previous year to ¥975 million, and conditions for achieving profitability and recovering performance have worsened. - 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 loss in the North America and Other segment, including the UK subsidiary, widened from ¥223 million in the same period of the previous year to ¥542 million, worsening conditions for achieving profitability and recovering performance. - FY2022WorsenedAnnual report
「Within the Group, the turnaround of the UK business is an urgent priority. With intensive support from the mother plant in Japan, we are pursuing further improvements in product quality and on-site production efficiency, while local management is taking the lead in implementing substantial fixed-cost reductions.」
While the turnaround of the UK business remains an urgent priority, the loss in the North America and Other segment widened to ¥1,865 million, and an impairment loss of ¥905 million was recorded on assets used in the UK business. - 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.」
The loss in the North America and Other segment, including the UK subsidiary, widened from the same period of the previous year, worsening earnings conditions relative to the profitability target. - 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 loss in the North America and Other segment, including the UK subsidiary, widened from ¥898 million in the same period of the previous year to ¥902 million, worsening earnings conditions relative to the profitability target. - FY2022-Q1AdvancedAnnual report
「The segment posted a loss of ¥223 million, compared with a segment loss of ¥235 million in the same period of the previous year, as costs for preparing to launch new vehicle models at the start of the second quarter were recorded despite higher profit accompanying increased sales.」
The loss in the North America and Other segment, including the UK subsidiary, narrowed from ¥235 million in the same period of the previous year to ¥223 million. However, costs for preparing new vehicle models were recorded, and the segment did not become profitable. - FY2021WorsenedAnnual report
「The North America and other segment posted a loss of ¥1,470 million, compared with a segment loss of ¥1,327 million in the previous consolidated fiscal year, despite increased profit accompanying higher sales, due mainly to costs for preparing to launch new vehicle models at the start of the second quarter.」
Losses in North America and other regions, including the UK subsidiary, expanded from ¥1,327 million to ¥1,470 million, indicating a deterioration in earnings conditions relative to the profitability 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.」
Losses in North America and other regions, including the UK subsidiary, expanded, indicating a deterioration in earnings conditions relative to the profitability target. - FY2020-Q1AdvancedAnnual 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 loss in the North America and other segment narrowed from ¥134 million to ¥47 million due to the effects of on-site improvements at the UK subsidiary. Although no achievement of profitability was reported, the loss continues to improve. - FY2019AdvancedAnnual 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.」
Losses narrowed due to the effects of on-site improvements at the UK subsidiary, but no achievement of profitability was reported for the North America and other segment, including the UK subsidiary. - FY2019-Q3AdvancedAnnual 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 loss in the North America and other segment narrowed by ¥58 million year on year due to the effects of on-site improvements at the UK subsidiary. However, no achievement of profitability was reported, and the segment remains loss-making. - FY2019-Q2AdvancedAnnual 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 loss in the North America and other segment narrowed from ¥352 million in the same period of the previous year to ¥267 million due to the effects of on-site improvements at the UK subsidiary. No achievement of profitability was reported, and the segment remains loss-making. - FY2019-Q1AdvancedAnnual 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.」
Progress toward the UK subsidiary’s return to profitability through improved earnings was reported, but no achievement of profitability was stated, and the North America and other segment continues to post a loss. - FY2018AdvancedAnnual 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 in North America and other regions, including the UK subsidiary, narrowed from ¥658 million to ¥593 million, but no return to profitability has yet been reported. - FY2018-Q3RestatedAnnual 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.」
The deployment and embedding of Japanese manufacturing standards at the UK subsidiary and the stabilisation of production have been reiterated as important issues in executing the FY17 medium-term management plan. - FY2018-Q2RestatedAnnual report
「At the UK subsidiary FALTEC EUROPE LIMITED, costs increased, including higher expenses for launching new vehicle models. Although the Company is working to stabilise production by thoroughly deploying and embedding Japanese manufacturing standards, the subsidiary has not yet returned to profitability. Toward a return to profitability and medium- to long-term growth, we will accelerate initiatives for fundamental measures, including cost-structure reform and a review of the product mix.」
The Company stated that the UK subsidiary has not yet returned to profitability and reconfirmed its policy of accelerating initiatives such as cost-structure reform and a review of the product mix. - FY2018-Q1RestatedAnnual report
「At the UK subsidiary FALTEC EUROPE LIMITED, costs increased, including higher expenses for launching new vehicle models. Although the Company is working to stabilise production by thoroughly deploying and embedding Japanese manufacturing standards, the subsidiary has not yet returned to profitability. Toward a return to profitability and medium- to long-term growth, we will accelerate initiatives for fundamental measures, including cost-structure reform and a review of the product mix.」
The Company stated that the UK subsidiary has not yet returned to profitability and reconfirmed its policy of accelerating initiatives such as cost-structure reform and a review of the product mix. - FY2017RestatedAnnual report
「Toward a return to profitability and medium- to long-term growth, we will accelerate initiatives for fundamental measures, including cost-structure reform and a review of the product mix.」
The UK subsidiary posted a full-year segment loss of ¥670 million, and the policy of accelerating cost-structure reform and a review of the product mix to achieve profitability has been reiterated. - FY2017-Q3RestatedAnnual report
「Toward a return to profitability and medium- to long-term growth, we will accelerate initiatives for fundamental measures, including cost-structure reform and a review of the product mix.」
The UK subsidiary’s performance recovery has been delayed and it has not yet returned to profitability. The policy of accelerating measures such as cost-structure reform and a review of the product mix has been reiterated. - FY2017-Q2First statedAnnual report
「Toward a return to profitability and medium- to long-term growth, we will accelerate initiatives for fundamental measures, including cost-structure reform and a review of the product mix.」
The Company has stated that it will accelerate cost-structure reform, a review of the product mix, and technical and on-site management support as fundamental measures to return the UK subsidiary to profitability.