Spin-off of the Aircraft Equipment Business and Its Future Development into a Core Business
First written in FY2016. 7 of 19 entries say "Worsened", first in FY2019. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「Following a comprehensive review of its business portfolio, the Company announced on 9 February 2022 that it would withdraw from the Aircraft Equipment business in order to strengthen corporate competitiveness through the selective allocation and concentration of management resources. The Company will subsequently phase out all manufacturing and sales activities related to aircraft equipment, including product development and repairs.」
The Company continues its policy of withdrawing from the Aircraft Equipment business. Although the full-year results included segment profit due to the product mix, no research and development expenses were recorded, reaffirming the phased termination of manufacturing and sales activities. - FY2024WorsenedAnnual report
「As announced on 9 February 2022, the Company has decided to withdraw from the Aircraft Equipment business in order to strengthen corporate competitiveness through the selective allocation and concentration of management resources. The Company will proceed steadily with the withdrawal while seeking customers' understanding and avoiding causing inconvenience.」
While continuing its phased withdrawal from the Aircraft Equipment business, full-year sales were ¥3.9 billion and the segment loss was ¥2 billion, representing an 11.5% year-on-year decline in sales and a ¥600 million deterioration in profit. - FY2024-Q2WorsenedAnnual report
「The Aircraft Equipment business reported sales of ¥2 billion, down 23.3% from the second quarter of the previous fiscal year, and a segment loss of ¥1.2 billion, a deterioration of ¥500 million from the second quarter of the previous fiscal year.」
The Aircraft Equipment business reported a 23.3% year-on-year decline in sales, and the segment loss also widened to ¥1.2 billion. No change in the policy of withdrawing from the business has been disclosed. - FY2024-Q1WorsenedAnnual report
「The Aircraft Equipment business reported sales of ¥1.2 billion, down 18.6% from the first quarter of the previous fiscal year, and a segment loss of ¥300 million, a deterioration of ¥200 million from the first quarter of the previous fiscal year.」
The Aircraft Equipment business reported an 18.6% year-on-year decline in sales, and the segment loss also widened to ¥300 million. There is no disclosure indicating a change in the policy of withdrawing from the Aircraft Equipment business. - FY2023-Q3Third-Quarter Results UpdateAnnual report
「This segment reported sales of ¥3.3 billion, up 15.3% from the third quarter of the previous fiscal year, and a segment loss of ¥1.1 billion, an improvement of ¥1.1 billion from the third quarter of the previous fiscal year.」
The Aircraft Equipment business reported sales of ¥3.3 billion, up 15.3% year on year, and a segment loss of ¥1.1 billion, narrowing the loss by ¥1.1 billion from the previous year. There is no disclosure indicating a change in the policy of withdrawing from the Aircraft Equipment business. - FY2023-Q2Second-Quarter Results UpdateAnnual report
「The Aircraft Equipment business reported sales of ¥2.5 billion, up 33.3% from the second quarter of the previous fiscal year, and a segment loss of ¥697 million, an improvement of ¥1.182 billion from the second quarter of the previous fiscal year.」
There is no disclosure indicating a change in the policy of withdrawing from the Aircraft Equipment business, but cumulative second-quarter sales were ¥2.5 billion and the segment loss was ¥697 million, narrowing from the previous year. - FY2023-Q1First-Quarter Results UpdateAnnual report
「The Aircraft Equipment business reported sales of ¥1.5 billion, up 45.3% from the first quarter of the previous fiscal year, and a segment loss of ¥146 million, an improvement of ¥380 million from the first quarter of the previous fiscal year.」
The Aircraft Equipment business reported a 45.3% year-on-year increase in sales and a segment loss of ¥146 million, narrowing the loss from the previous year. There is no disclosure indicating a change in the policy of withdrawing from the Aircraft Equipment business. - FY2022ReframedAnnual report
「Since its founding, the Company has operated an aircraft hydraulic equipment business. Following a comprehensive review of its business portfolio, the Company announced on 9 February 2022 that it had adopted withdrawal from the Aircraft Equipment business as its basic policy in order to strengthen corporate competitiveness through the selective allocation and concentration of management resources. The Company plans to phase out all Aircraft Equipment business operations, including repairs.」
The Company has shifted its policy from making the Aircraft Equipment business a core business in the future to a complete withdrawal based on a review of its business portfolio. - FY2022-Q3WorsenedAnnual report
「The Aircraft Equipment business reported sales of ¥2.9 billion, down 1.2% from the third quarter of the previous fiscal year, and a segment loss of ¥2.175 billion.」
The Aircraft Equipment business's segment loss widened from ¥1.879 billion in the cumulative second-quarter results to ¥2.175 billion in the cumulative third-quarter results. - FY2022-Q2WorsenedAnnual report
「The Aircraft Equipment business reported sales of ¥1.9 billion, up 0.6% from the second quarter of the previous fiscal year, and a segment loss of ¥1.879 billion.」
While sales in the Aircraft Equipment business increased slightly, the segment loss widened from ¥828 million in the previous year to ¥1.879 billion. - FY2022-Q1First-Quarter Results UpdateAnnual report
「The Aircraft Equipment business reported sales of ¥1 billion, down 5.8% from the first quarter of the previous fiscal year, and a segment loss of ¥526 million.」
The Aircraft Equipment business reported sales of ¥1 billion, down 5.8% year on year, and a segment loss of ¥526 million, updating its results since becoming an independent business. - FY2021WorsenedAnnual report
「The Aircraft Equipment business reported sales of ¥3.9 billion, down 29.6% from the previous fiscal year, and an operating loss of ¥2.675 billion.」
In addition to issues concerning defense equipment and production disruptions, the decline in civilian demand caused by COVID-19 also contributed to the Aircraft Equipment business's lower sales and operating loss, which have been disclosed as full-year results. - FY2020-Q2Second-Quarter Results UpdateAnnual report
「The aircraft equipment business recorded revenue of ¥2,600 million, down 11.3% from the first two quarters cumulative period of the previous fiscal year, and a segment loss of ¥445 million.」
Revenue in the aircraft equipment business fell 11.3% year on year, and the segment loss for the first half cumulative period was ¥445 million. The business continues to post losses amid ongoing responses to the inappropriate billing issue and production disruptions. - FY2019WorsenedAnnual report
「“Early resolution of the billing issue caused by inappropriate recording of labor hours related to defense equipment.” The aircraft equipment business will promptly investigate the causes and pursue measures to prevent recurrence, while resolving the current production disruption and working to restore customer trust.」
In addition to the previous growth narrative of separating the aircraft equipment business and developing it into a core business, new management issues have emerged involving inappropriate billing for defense equipment, investigation of the causes, and resolution of production disruptions. - FY2017AdvancedAnnual report
「In March 2017, development of the next-generation C-2 transport aircraft for the Japan Air Self-Defense Force was fully completed, and the first production aircraft was deployed at the Japan Air Self-Defense Force's Miho Base. We have delivered a total of 57 items across a diverse product range.」
As concrete results following the separation of the aircraft equipment business, the company reports completion of C-2 development, deployment of the first production aircraft, and delivery of 57 items. - FY2017-Q3RestatedAnnual report
「Beginning in the first quarter consolidated accounting period, we reviewed the business classification of aircraft hydraulic equipment previously included in the HC business and made it an independent aircraft equipment business in an effort to strengthen and expand our management base.」
The separation and independence of the aircraft equipment business from the first quarter continues to be reported in the segment information. As this is not a new development in the separation, it was classified as REAFFIRMED. - FY2017-Q2RestatedAnnual report
「Beginning in the first quarter consolidated accounting period, we reviewed the business classification of aircraft hydraulic equipment previously included in the HC business and made it an independent aircraft equipment business in an effort to strengthen and expand our management base.」
The separation and independence of the aircraft equipment business from the first quarter continues to be reported in the segment information. As this is not a new development in the separation, it was classified as REAFFIRMED. - FY2017-Q1AdvancedAnnual report
「Beginning in the current consolidated fiscal year, we reviewed the business classification of aircraft hydraulic equipment previously included in the HC business and made it an independent aircraft equipment business in an effort to strengthen and expand our management base.」
The company reports concrete organizational and business-classification progress in making the aircraft hydraulic equipment previously included in the HC business an independent aircraft equipment business. - FY2016First statedAnnual report
「In addition, we newly separated the aircraft equipment business from the Hydraulic Components business and will improve our responsiveness to market trends in the aerospace industry and customer needs, while strengthening and expanding our management base with a view to making it one of our core businesses in the future.」
The aircraft equipment business has been separated from the HC business and positioned as one of the company's future core businesses.