Strengthening the earnings base in Japan, the United States, Thailand and Vietnam
First written in FY2016. 13 of 32 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Revenue up on subsidiary consolidation and xEV orders, but North American revenue downAnnual report
「In the Parts Manufacturing Business, revenue increased through the consolidation of 米谷製作所 and orders for xEV parts, but the impact of lower revenue in North America resulted in revenue of ¥32,938 million, up 8.6% year on year, and segment profit of ¥1,744 million, down 15.5% year on year.」
The earnings base by region and business shows that the Parts Manufacturing Business increased revenue through the consolidation of 米谷製作所 and orders for xEV parts, while profit declined due to lower revenue in North America. - 2026-05-14OtherEarnings
「In the parts manufacturing business, sales increased due to the consolidation of 米谷製作所 and orders for xEV parts. However, owing to the impact of lower sales in North America, net sales were ¥32,938 million, up 8.6% year on year, while segment profit was ¥1,744 million, down 15.5%.」
The parts manufacturing business recorded higher sales, but segment profit declined because of lower sales in North America, resulting in mixed regional performance. - FY2026-H1Higher revenue in Japan, Thailand and Vietnam; lower revenue in North AmericaAnnual report
「In the Parts Manufacturing Business, although 米谷製作所 was made a subsidiary and sales of EV parts increased, lower revenue in North America resulted in revenue of ¥15,309 million, up 2.1% year on year, and segment profit of ¥938 million, down 16.8% year on year.」
Regarding efforts to strengthen the earnings base across the four regions, the Parts Manufacturing Business increased revenue, but profit declined due to lower revenue in North America. Regional revenue exceeded the previous year in Japan, Thailand and Vietnam, while it fell below the previous year in the United States. - FY2025-H1Increase in domestic sales and change in overseas sales mixAnnual report
「① Parts Manufacturing Business In the Parts Manufacturing Business, although production recovered and newly ordered products, including aluminum parts in the electrification field, entered full-scale mass production, changes in the overseas sales mix resulted in revenue of ¥14,995 million, down 6.0% year on year, and segment profit of ¥1,128 million, down 0.4% year on year. ② Solutions Business In the Solutions Business, sales of FA-related equipment and prototypes of bonded laminated motor cores increased, but higher intersegment internal sales resulted in revenue of ¥329 million, down 28.1% year on year, and segment profit of ¥84 million, up 178.5% year on year. ③ Mobility Business In the Mobility Business, higher unit sales of four-wheel vehicles at existing dealerships and an increase in the number of dealerships resulted in revenue of ¥4,324 million, up 36.1% year on year, and segment profit of ¥180 million, up 176.6% year on year.」
In efforts to strengthen the earnings base across the four regions, the Parts Manufacturing Business posted lower revenue and profit due to changes in the overseas sales mix, while the Mobility Business, including domestic sales, posted higher revenue and profit. Progress varied by region and business. - FY2024AdvancedAnnual report
「Japan 10,900,746 United States 15,218,934 Thailand 6,460,344 Vietnam 1,232,217」
Revenue by customers' location exceeded the previous year in all four regions—Japan, the United States, Thailand and Vietnam—demonstrating a recovery and expansion of the revenue base across the four regions for the year. - FY2024-Q3AdvancedAnnual report
「Japan 8,146,740 615,029 5,207,905 13,969,675 United States 10,468,226 Thailand 4,718,345 Vietnam 1,003,642」
Regional revenue shows that revenue from contracts with customers exceeded the previous year in each of Japan, the United States, Thailand and Vietnam, confirming a recovery and expansion of the revenue base across the four regions. - FY2024-Q2AdvancedAnnual report
「Japan 5,124,264 457,499 3,176,845 8,758,608 United States 7,180,495 － － 7,180,495 Thailand 2,983,273 － － 2,983,273 Vietnam 668,767 － － 668,767」
By region, revenue from contracts with customers in Japan, the United States and Vietnam exceeded the same quarter of the previous year, while Thailand also slightly exceeded the same quarter of the previous year. The figures show a recovery and expansion of the revenue base across the four regions. - FY2024-Q1AdvancedAnnual report
「Amid these conditions, higher revenue from the recovery in production and foreign-exchange translation effects resulted in revenue of ¥9,216 million, up 30.4% year on year, operating profit of ¥334 million (an operating loss of ¥33 million in the same quarter of the previous year), ordinary profit of ¥388 million (an ordinary loss of ¥23 million), and quarterly net profit attributable to owners of the parent of ¥196 million (a quarterly net loss attributable to owners of the parent of ¥211 million).」
The recovery in production and foreign-exchange translation effects drove consolidated revenue up 30.4% year on year, while operating profit, ordinary profit, and profit attributable to owners of the parent shifted from losses in the same period of the previous year to profits. All 3 businesses—parts manufacturing, solutions, and mobility—recorded segment profit. - FY2023-Q1WorsenedAnnual report
「Despite fixed-cost reductions associated with structural reforms and other measures, the impact of a substantial production cut resulted in an operating loss of ¥33 million (operating profit of ¥440 million in the same quarter of the previous year), an ordinary loss of ¥23 million (ordinary profit of ¥518 million), and a quarterly net loss attributable to owners of the parent of ¥211 million (quarterly net profit attributable to owners of the parent of ¥365 million).」
Although fixed costs were reduced, the impact of a substantial production cut caused operating profit, ordinary profit, and profit attributable to owners of the parent to shift from profit in the same period of the previous year to losses, indicating deterioration in earnings capacity across the 4 regions. - FY2022AdvancedAnnual report
「In Japan, higher orders resulting from the economic recovery and the launch of engine components for new V6 vehicle models and engine components for onboard power generation resulted in revenue of ¥14,548 million, up 13.1% year on year. Higher revenue and total-cost reductions resulted in segment profit of ¥898 million (a segment loss of ¥260 million in the previous fiscal year).」
Japan, Thailand, and Vietnam recorded improved revenue and profit owing to higher orders and total-cost reductions, demonstrating tangible recovery in strengthening earnings capacity across the 4 regions. The United States, however, recorded a segment loss of ¥348 million owing to production adjustments. - FY2022-Q3AdvancedAnnual report
「Amid these conditions, despite production adjustments by customers due to the semiconductor shortage and other factors, higher orders resulting from the economic recovery and other factors resulted in revenue of ¥21,075 million, up 15.7% year on year. Higher revenue and total-cost reductions resulted in operating profit of ¥804 million (an operating loss of ¥390 million in the same quarter of the previous year) and ordinary profit of ¥896 million (an ordinary loss of ¥321 million).」
Regarding strengthening earnings capacity in the 4 regions, consolidated revenue rose 15.7% year on year, while operating and ordinary profit shifted from losses in the same period of the previous year to profits. Japan, Thailand, and Vietnam recorded higher revenue and profit, while the United States recorded lower revenue and a wider loss owing to production adjustments. - FY2022-Q2AdvancedAnnual report
「Amid these conditions, despite production adjustments by customers due to the semiconductor shortage and other factors, higher orders resulting from the economic recovery and other factors resulted in revenue of ¥13,492 million, up 24.1% year on year. Higher revenue and total-cost reductions resulted in operating profit of ¥550 million (an operating loss of ¥1,045 million in the same quarter of the previous year) and ordinary profit of ¥639 million (an ordinary loss of ¥992 million).」
Higher orders resulting from the economic recovery and total-cost reductions drove consolidated revenue up 24.1% year on year, while operating and ordinary profit shifted from losses in the same period of the previous year to profits. Customer production adjustments due to the semiconductor shortage and other factors continue. - FY2022-Q1AdvancedAnnual report
「Amid these conditions, revenue was ¥6,907 million, up 55.4% year on year, owing to higher orders resulting from the economic recovery and other factors. Higher revenue and total-cost reductions resulted in operating profit of ¥440 million (an operating loss of ¥884 million in the same quarter of the previous year), ordinary profit of ¥518 million (an ordinary loss of ¥835 million), and quarterly net profit attributable to owners of the parent of ¥365 million (a quarterly net loss attributable to owners of the parent of ¥518 million).」
Higher orders resulting from the economic recovery and total-cost reductions enabled consolidated performance to shift from operating, ordinary, and parent-company shareholder losses in the same quarter of the previous year to profits. Japan and Thailand shifted to segment profit, while the United States narrowed its loss; Vietnam recorded lower revenue and profit. - FY2021WorsenedAnnual report
「Revenue was ¥12,868 million in Japan, down 13.3% year on year, ¥8,418 million in the United States, down 20.9%, ¥4,039 million in Thailand, down 27.1%, and ¥715 million in Vietnam, down 26.5%, owing to lower orders resulting from the economic downturn and other factors.」
Revenue declined in all 4 regions. The United States shifted from segment profit in the previous year to a loss of ¥178 million. Thailand and Vietnam also recorded lower revenue and profit, indicating deterioration in regional earnings capacity. - FY2021-Q3WorsenedAnnual report
「Amid these conditions, revenue was ¥18,214 million, down 25.8% year on year, owing to lower orders resulting from the economic downturn and other factors. Despite efforts to reduce total costs, the impact of the aforementioned decline and other factors resulted in an operating loss of ¥390 million (operating profit of ¥127 million in the same period of the previous year), an ordinary loss of ¥321 million (ordinary profit of ¥262 million), and a quarterly net loss attributable to owners of the parent of ¥118 million (a quarterly net loss attributable to owners of the parent of ¥48 million).」
Lower orders resulting from the economic downturn and other factors continued, with consolidated revenue down 25.8% year on year. Operating profit and ordinary profit shifted from profit in the same period of the previous year to losses. By region, Japan, the United States, and Thailand recorded losses, while Vietnam maintained profitability but recorded lower profit, indicating year-on-year deterioration in earnings capacity across the 4 regions. - FY2021-Q2WorsenedAnnual report
「① Japan: Lower orders resulting from the economic downturn and other factors resulted in revenue of ¥5,499 million, down 30.9% year on year. Despite efforts to reduce costs associated with production adjustments, the impact of the aforementioned lower revenue resulted in a segment loss of ¥768 million (a segment loss of ¥155 million in the same period of the previous year). ② United States: Lower orders resulting from the economic downturn and other factors resulted in revenue of ¥3,621 million, down 35.2% year on year. Despite efforts to reduce costs associated with production adjustments, the impact of the aforementioned lower revenue resulted in a segment loss of ¥188 million (segment profit of ¥205 million in the same period of the previous year). ③ Thailand: Lower orders resulting from the economic downturn and other factors resulted in revenue of ¥1,351 million, down 55.7% year on year. Despite efforts to reduce costs associated with production adjustments, the impact of the aforementioned lower revenue resulted in a segment loss of ¥163 million (segment profit of ¥201 million in the same period of the previous year). ④ Vietnam: Lower orders resulting from the economic downturn and other factors resulted in revenue of ¥396 million, down 11.1% year on year. Despite efforts to reduce costs associated with production adjustments, the impact of the aforementioned lower revenue resulted in segment profit of ¥67 million, down 18.6% year on year.」
Lower orders resulting from the economic downturn and other factors affected all 4 regions. Japan, the United States, and Thailand deteriorated from losses or profit in the same period of the previous year to losses. Vietnam maintained profitability but recorded lower revenue and profit, indicating further deterioration in the effort to strengthen earnings capacity in the 4 regions. - FY2021-Q1WorsenedAnnual report
「Amid these conditions, revenue was ¥4,444 million, down 48.8% year on year, owing to lower orders resulting from the economic downturn and other factors. Despite efforts to reduce total costs, the impact of the aforementioned lower revenue and other factors resulted in an operating loss of ¥884 million (operating profit of ¥340 million in the same period of the previous year), an ordinary loss of ¥835 million (ordinary profit of ¥378 million), and a quarterly net loss attributable to owners of the parent of ¥518 million (quarterly net profit attributable to owners of the parent of ¥166 million).」
Consolidated performance deteriorated significantly owing to lower orders resulting from the economic downturn and other factors, and Japan, the United States, and Thailand shifted to segment losses. Vietnam, in contrast, recorded higher revenue and profit. The goal of strengthening earnings capacity in the 4 regions remains in place, but deterioration spread across the regions. - FY2020-Q3Lower revenue and profit by region; Japan turns loss-makingAnnual report
「① Japan: Revenue was ¥11,169 million, down 20.3% year on year, despite higher revenue from rocker arms for minicars and other products, owing to lower revenue resulting from a change in the fiscal year-end of an automotive sales subsidiary and lower revenue from products for overseas markets. The impact of lower revenue and the change in the subsidiary's fiscal year-end resulted in a segment loss of ¥576 million (segment profit of ¥460 million in the same period of the previous year). ② United States: Although the application of rocker arms was expanded for new vehicle models launched by a major customer, revenue was ¥8,155 million, down 5.0% year on year, owing to lower revenue from other rocker arms. Despite the impact of lower revenue, lower depreciation resulted in segment profit of ¥227 million (a segment loss of ¥88 million in the same period of the previous year). ③ Thailand: Lower revenue from four-wheel products for overseas markets resulted in revenue of ¥4,540 million, down 10.5% year on year. The impact of lower revenue resulted in segment profit of ¥263 million, down 55.0% year on year. ④ Vietnam: Lower revenue from two-wheel products for overseas markets resulted in revenue of ¥697 million, down 10.6% year on year. The impact of lower revenue resulted in segment profit of ¥142 million, down 26.9% year on year.」
The theme of strengthening earnings capacity in the 4 regions remains in place. Japan shifted from profit in the same period of the previous year to a loss of ¥576 million, and Thailand and Vietnam also recorded lower revenue and profit. Although the United States benefited from expanded applications for new vehicle models, revenue declined, while lower depreciation enabled it to shift from a loss to profit. - FY2020-Q2RestatedAnnual report
「① Japan: Revenue was ¥7,961 million, down 18.9% year on year, despite higher revenue from rocker arms for minicars and other products, owing to lower revenue resulting from a change in the fiscal year-end of an automotive sales subsidiary and lower revenue from products for overseas markets. The impact of lower revenue and the change in the subsidiary's fiscal year-end resulted in a segment loss of ¥155 million (segment profit of ¥210 million in the same period of the previous year). ② United States: Although the application of rocker arms was expanded for new vehicle models launched by a major customer, revenue was ¥5,585 million, down 1.9% year on year, owing to foreign-exchange translation effects. Higher revenue and lower depreciation resulted in segment profit of ¥205 million (a segment loss of ¥98 million in the same period of the previous year). ③ Thailand: Lower revenue from four-wheel products for overseas markets resulted in revenue of ¥3,051 million, down 12.5% year on year. The impact of lower revenue resulted in segment profit of ¥201 million, down 54.6% year on year. ④ Vietnam: Lower revenue from two-wheel products for overseas markets resulted in revenue of ¥445 million, down 9.6% year on year. The impact of lower revenue resulted in segment profit of ¥83 million, down 33.3% year on year.」
The theme of strengthening earnings capacity in Japan, the United States, Thailand, and Vietnam remains in place. Japan shifted to a segment loss owing to lower revenue, while the United States returned to profitability due to expanded rocker-arm applications for new vehicle models and lower depreciation. Thailand and Vietnam recorded lower revenue and profit. - FY2020-Q1RestatedAnnual report
「Although revenue increased in the United States, lower revenue in Japan and lower revenue resulting from a change in the fiscal year-end of an automotive sales subsidiary and other factors resulted in revenue of ¥8,683 million, down 16.4% year on year.」
The theme of strengthening earnings capacity in the 4 regions remains in place. The United States recorded higher revenue, while Japan, Thailand, and Vietnam recorded lower revenue, indicating differing progress by region. - FY2019-Q3RestatedAnnual report
「① Japan: Revenue was ¥14,011 million, up 13.8% year on year, owing to higher revenue from rocker arms for minicars, which began mass production last year, and higher revenue resulting from a change in the fiscal year-end of an automotive sales subsidiary. Higher revenue from rocker arms for minicars and fixed-cost reductions resulted in segment profit of ¥460 million, up 152.4% year on year. ② United States: Revenue was ¥8,582 million, down 13.4% year on year, owing to changes in the sales mix associated with a model change. The impact of lower revenue resulted in a segment loss of ¥88 million (segment profit of ¥312 million in the same period of the previous year). ③ Thailand: Revenue was ¥5,070 million, down 22.8% year on year, owing to a change in the fiscal year-end. For the same reason, segment profit was ¥586 million, down 9.6% year on year. ⑤ Vietnam: Strong sales of products for overseas markets resulted in revenue of ¥779 million, up 40.1% year on year. Higher revenue and operating-cost reduction measures resulted in segment profit of ¥195 million, up 243.3% year on year.」
Japan and Vietnam recorded higher revenue and profit, while the United States shifted to a loss owing to lower revenue and Thailand recorded lower revenue and profit. There has been no change in the theme of strengthening earnings capacity in the 4 regions. - FY2019-Q2RestatedAnnual report
「① Japan: Revenue was ¥9,819 million, up 22.9% year on year, owing to higher revenue from rocker arms for minicars, which began mass production last year, and higher revenue resulting from a change in the fiscal year-end of an automotive sales subsidiary. Higher revenue from rocker arms for minicars and fixed-cost reductions resulted in segment profit of ¥210 million (a segment loss of ¥27 million in the same period of the previous year). ② United States: Revenue was ¥5,695 million, down 16.1% year on year, owing to changes in the sales mix associated with a model change. The impact of lower revenue resulted in a segment loss of ¥98 million (segment profit of ¥432 million in the same period of the previous year). ③ Thailand: Revenue was ¥3,488 million, down 27.6% year on year, owing to a change in the fiscal year-end. For the same reason, segment profit was ¥443 million, down 12.9% year on year. ⑤ Vietnam: Strong sales of products for overseas markets resulted in revenue of ¥493 million, up 51.6% year on year. Higher revenue and operating-cost reduction measures resulted in segment profit of ¥124 million, up 500.0% year on year.」
The theme of strengthening earnings capacity in the 4 regions remains in place. Japan shifted from a loss in the same period of the previous year to profit, and Vietnam also recorded higher revenue and profit, while the United States shifted from profit to loss owing to lower revenue and Thailand recorded lower revenue and profit, indicating differing progress by region. - FY2019-Q1RestatedAnnual report
「Amid these conditions, revenue was ¥10,390 million, down 6.0% year on year, despite higher revenue from a change in the fiscal year-end of a Japanese subsidiary and other factors, owing to lower revenue resulting from the previous fiscal year's change in the fiscal year-end of a Thai subsidiary and changes in the sales mix associated with a model change in the United States.」
Regional performance in Japan, the United States, Thailand, and Vietnam continues to be reported. Japan recorded higher revenue from rocker arms for minicars and other products, the United States recorded lower revenue due to a model change, and Vietnam recorded higher revenue and profit from products for overseas markets. There has been no change in the theme of strengthening earnings capacity in the 4 regions. - FY2018RestatedAnnual report
「In Japan, the Company plans to expand the vehicle models using rocker arms for minicars and successively expand sales channels for transmissions and chassis components.」
The company continues to strengthen its regional earnings base across Japan, the United States, Thailand, and Vietnam, with vehicle-model expansion in Japan, existing products and environmentally compliant engine components in the United States, local production in Thailand, and cost reductions and quality improvements in Vietnam. - FY2018-Q3RestatedAnnual report
「① Japan: Despite lower overseas-bound products following a model change, revenue was ¥12,314 million, up 3.5% year on year, owing to higher revenue from the start of mass production of the Company's first rocker arms for minicars and higher vehicle sales in the automotive sales business. Higher revenue from the start of mass production of rocker arms for minicars and fixed-cost reductions associated with structural reforms resulted in segment profit of ¥182 million, up 74.4% year on year. ② United States: Revenue was ¥9,910 million, down 24.7% year on year, owing to changes in the sales mix associated with a model change. Despite the significant impact of lower revenue, efforts to reduce fixed costs and other measures resulted in segment profit of ¥312 million, down 82.4% year on year. ③ Thailand: Revenue was ¥6,571 million, up 51.0% year on year, owing to a change in the fiscal year-end. For the same reason, segment profit was ¥648 million, up 193.0% year on year. ⑤ Vietnam: Strong domestic sales resulted in revenue of ¥556 million, up 31.6% year on year. Measures to reduce operating costs, including labor-saving initiatives and lower factory consumables, resulted in segment profit of ¥56 million (segment profit of ¥2 million in the same period of the previous year).」
Japan and Vietnam continued to show improved earnings, while the United States recorded lower revenue and profit. The issue of strengthening earnings capacity in the 4 regions remains in place. - FY2018-Q2RestatedAnnual report
「Under these circumstances, the Group is pursuing the key initiatives of the 3-year medium-term plan (17-19 medium-term plan), including further strengthening earnings capacity in Japan, the United States, Thailand, and Vietnam.」
The company continues to pursue strengthening earnings capacity in the 4 regions as a key initiative of the 17-19 medium-term plan. - FY2018-Q1RestatedAnnual report
「Under these circumstances, the Group is pursuing the key initiatives of the 3-year medium-term plan (17-19 medium-term plan), including further strengthening earnings capacity in Japan, the United States, Thailand, and Vietnam.」
The company continues to pursue strengthening earnings capacity in the 4 regions as a key initiative of the 17-19 medium-term plan. In terms of results, Japan and Vietnam returned to profitability, while the United States recorded lower profit owing to lower revenue associated with a model change, indicating differing progress by region. - FY2017RestatedAnnual report
「Under these circumstances, the Group will vigorously pursue the key initiatives of the 17-19 medium-term business plan, while further strengthening its earnings capacity in Japan, the United States, Thailand, and Vietnam.」
While continuing to strengthen earnings capacity in the target regions, the planning horizon has shifted from the 12th medium-term plan to the 17-19 medium-term business plan. - FY2017-Q3RestatedAnnual report
「① Japan: Revenue was ¥11,897 million, up 4.9% year on year, owing to a temporary increase in sales of rocker arms, the Company's main product, following the launch of new vehicles. Despite higher retirement benefit costs, cost reductions and higher revenue resulted in segment profit of ¥104 million, up 11.9% year on year. ② United States: Revenue was ¥13,165 million, down 6.4% year on year, owing to lower revenue from foreign-exchange translation and changes in the sales mix associated with a model change in the United States. Lower fixed costs and the ramp-up of production of newly launched products resulted in segment profit of ¥1,771 million, up 95.1% year on year. ③ Thailand: Revenue was ¥4,353 million, down 18.6% year on year, owing to lower revenue from foreign-exchange translation and a decline in four-wheel products due to lower sales of vehicle models equipped with the Company's products in India. Despite lower fixed costs and other factors, the impact of lower revenue resulted in segment profit of ¥221 million, down 48.0% year on year. ④ India: Business operations are currently suspended, and there was no revenue. ⑤ Vietnam: Despite lower revenue from foreign-exchange translation, the launch of products for overseas markets resulted in revenue of ¥423 million, up 0.1% year on year. Cost-reduction measures and other factors resulted in segment profit of ¥2 million (a segment loss of ¥190 million in the same period of the previous year).」
Japan, the United States, and Vietnam recorded improved earnings or returned to profitability, while Thailand posted lower revenue and profit and operations in India remained suspended. The issue of strengthening earnings capacity in the target regions remains in place. - FY2017-Q2RestatedAnnual report
「① Japan: Revenue was ¥7,707 million, up 1.4% year on year, owing to higher sales of rocker arms, the Company's main product. Despite higher retirement benefit costs, rationalization-driven cost reductions and other factors resulted in a segment loss of ¥31 million (a segment loss of ¥39 million in the same period of the previous year). ② United States: Revenue was ¥7,911 million, down 19.8% year on year, owing to foreign-exchange translation effects and changes in the sales mix associated with a model change. Increased sales of new products and lower fixed costs resulted in segment profit of ¥1,083 million, up 49.4% year on year. ③ Thailand: Revenue was ¥2,874 million, down 29.3% year on year, owing to foreign-exchange translation effects and lower sales of four-wheel products for export. Despite lower fixed costs and other factors, the impact of lower revenue resulted in segment profit of ¥88 million, down 72.3% year on year. ④ India: Business operations are currently suspended, and there was no revenue (segment revenue was ¥159 million in the same period of the previous year). Corporate maintenance costs resulted in a segment loss of ¥21 million (a segment loss of ¥82 million in the same period of the previous year). ⑤ Vietnam: Revenue was ¥269 million, up 20.9% year on year, following the launch of products for overseas markets. Despite startup costs and other factors, higher revenue resulted in a segment loss of ¥21 million (a segment loss of ¥143 million in the same period of the previous year).」
Japan, the United States, and Vietnam recorded higher revenue or improved earnings, while Thailand continued to post lower revenue and profit. The issue of strengthening earnings capacity in the target regions remains in place. - FY2017-Q1RestatedAnnual report
「① Japan: Despite higher retirement benefit costs, cost reductions and other factors resulted in a segment loss of ¥1 million (a segment loss of ¥87 million in the same period of the previous year). ② United States: Higher revenue from newly launched products and other factors resulted in segment profit of ¥645 million, up 106.3% year on year. ③ Thailand: Despite fixed-cost reductions and other factors, lower revenue and other effects resulted in segment profit of ¥50 million, down 82.8% year on year. ⑤ Vietnam: Despite startup costs and other factors, higher revenue resulted in a segment loss of ¥2 million (a segment loss of ¥79 million in the same period of the previous year).」
Performance in the target regions was updated. Japan, the United States, and Vietnam showed improvement, while Thailand recorded lower profit; no change in the underlying issue of strengthening earnings capacity was indicated. - FY2016First statedAnnual report
「Under these circumstances, the Group will vigorously pursue its medium-term priority initiatives as the final year of the 12th medium-term plan, while further strengthening its earnings capacity in Japan, the United States, Thailand, and Vietnam.」
The company identifies strengthening earnings capacity in the 4 regions as a management priority going forward.