Establishment of DM Casting Technology (Thailand) and preparations to commence production
First written in FY2018. 15 of 23 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「The aluminum die-casting business, which recorded substantial impairment losses in previous fiscal years, has made progress in production controls and process improvements. The loss narrowed in fiscal 2025, and conditions now indicate that profit levels are expected to recover from fiscal 2026 onward.」
The aluminum die-casting business, including the new plant in Thailand, made progress in production controls and process improvements, narrowing its loss and creating prospects for future profit recovery. - FY2026-H1RestatedAnnual report
「The segment loss improved as a result of lower air freight costs associated with manufacturing improvements and other measures. In addition, the response to temporary factors that had worsened profitability in the first quarter was completed, and the segment returned to profitability in the second quarter.」
The return of Thailand's aluminum die-casting business to profitability in the second quarter and the improvement in losses through manufacturing improvements and lower air freight costs have been reconfirmed. - FY2025AdvancedAnnual report
「Although higher air freight rates affected the segment loss, improvement activities, including more sophisticated mold management, improvements to finishing processes and measures to prevent defective products from reaching customers, began to produce results. Following the third quarter, air freight volumes declined substantially further in the fourth quarter, resulting in the segment becoming profitable in the fourth quarter and improving year on year.」
The aluminum die-casting business in Thailand became profitable in the fourth quarter, while the loss in the parts segment excluding automotive bearings narrowed from ¥1,722 million in the previous fiscal year to ¥1,362 million. - FY2025-H1AdvancedAnnual report
「The Company recorded higher revenue than in the previous interim consolidated accounting period, reflecting the effects of order-price adjustments at its Thai plant, DM Casting Technology (Thailand) Co., Ltd., and increased orders accompanying strong demand for electric vehicle parts for North America. The segment loss increased from the previous interim consolidated accounting period despite a recent reduction in air freight shipments resulting from improvement activities, including more sophisticated mold management, improvements to finishing processes and measures to prevent defective products from reaching customers, due to air shipments necessitated by longer ocean freight transit times and higher air freight rates.」
The new plant in Thailand recorded higher revenue due to order-price adjustments and increased orders for electric vehicle parts for North America. Although improvements were made to mold management, finishing processes and measures to prevent defective products from reaching customers, air freight costs associated with longer ocean freight transit times contributed to the loss. - FY2024AdvancedAnnual report
「Thailand's domestic automobile production declined from the previous fiscal year as higher interest rates and stricter loan screening weakened consumer spending. At the Company, however, revenue increased substantially from the previous fiscal year, driven by strong sales of electric vehicle parts, mainly for North America, produced at its Thai plant, DM Casting Technology (Thailand) Co., Ltd. Profitability improved year on year, supported by improvements to production controls and processes, as well as adjustments to order prices with customers.」
The new plant in Thailand recorded higher revenue on strong orders for electric vehicle parts for North America, while profit improved year on year through revisions to production controls and processes and price adjustments. However, the segment remained loss-making. - FY2024-Q3Thailand new-plant business: revenue up, but losses continued to widenAnnual report
「Domestic production in Thailand's automotive industry declined slightly year on year as higher interest rates and stricter loan screening weakened consumer appetite. However, our revenue increased due to higher demand, mainly for parts for electric vehicles, at the plant in Thailand and other factors.」
The new plant in Thailand recorded higher revenue, mainly due to increased demand for electric vehicle parts. Across the parts segment excluding automotive bearings, revenue increased 23.2%, while the segment loss widened from ¥1,676 million to ¥1,756 million. - FY2024-Q2New Thai plant: revenue up, but losses continued to widenAnnual report
「Domestic production in Thailand's automotive industry declined slightly year on year as higher interest rates and stricter loan screening weakened consumer appetite. However, our revenue increased due to higher demand for newly delivered parts for electric vehicles at the plant in Thailand and other factors. As a result, segment revenue increased 21.2% year on year to ¥10,090 million, while segment loss was ¥1,195 million, compared with a segment loss of ¥1,033 million in the same period of the previous year.」
Revenue at the new plant in Thailand increased on demand for new deliveries of parts for electric vehicles, while the loss in the non-automotive-bearing parts segment widened from ¥1,033 million to ¥1,195 million. - FY2024-Q1New Thai plant: revenue up, but losses widenedAnnual report
「At the plant in Thailand, revenue increased due to higher demand for newly delivered parts for electric vehicles. As a result, segment revenue increased 10.4% year on year to ¥4,467 million, while segment loss was ¥725 million, compared with a segment loss of ¥507 million in the same period of the previous year.」
Revenue at the new plant in Thailand increased with higher demand for parts for electric vehicles, while the segment loss widened from ¥507 million to ¥725 million year on year. - FY2023-Q2Delayed cost improvements and impairment at the new plantAnnual report
「At the new plant in Thailand, revenue increased substantially, driven by higher sales accompanying the recovery in demand in Thailand's automotive industry and the beginning of increased new deliveries of parts for electric vehicles. Segment profit declined year on year due to delays in improving the higher costs associated with the start of full-scale production of electric-vehicle parts and higher costs for newly ordered products.」
New deliveries of parts for electric vehicles from the new plant in Thailand increased substantially, but segment profit declined due to delays in improving costs following the start of full-scale production and other factors. The subsidiary also recorded an impairment loss on property, plant and equipment of ¥1,963 million. - FY2023-Q1AdvancedAnnual report
「At the new plant in Thailand, revenue increased substantially, driven by higher sales accompanying the recovery in demand in Thailand's automotive industry and the beginning of increased new deliveries of parts for electric vehicles. Segment profit declined year on year due to higher initial expenses associated with the rapid ramp-up of new deliveries of electric-vehicle parts.」
New deliveries of parts for electric vehicles from the new plant in Thailand increased, substantially lifting revenue, while initial ramp-up costs weighed on profit. - FY2022-Q3AdvancedAnnual report
「At the new plant in Thailand, new deliveries of parts for electric vehicles have gradually begun to increase, and revenue has turned upward compared with the same quarter of the previous year.」
New deliveries of parts for electric vehicles from the new plant in Thailand gradually increased, and revenue began to rise year on year. - FY2022-Q2AdvancedAnnual report
「At the new plant in Thailand, new deliveries of parts for electric vehicles have gradually begun to increase, and revenue has turned upward compared with the same quarter of the previous year.」
New deliveries of parts for electric vehicles from the new plant in Thailand gradually increased, and revenue began to rise year on year. - FY2022-Q1AdvancedAnnual report
「At the new plant in Thailand, new deliveries of parts for electric vehicles have gradually begun to increase, and revenue has started to rise year on year.」
New deliveries of parts for electric vehicles from the new plant in Thailand increased, and revenue began to rise year on year. - FY2021AdvancedAnnual report
「Despite the impact of COVID-19, full-scale mass production is scheduled to begin in summer 2021, with full operation planned for fiscal 2023.」
A specific schedule was presented for the new Thai plant for aluminum die-cast products for electric vehicles, with full-scale mass production beginning in summer 2021 and full operation in fiscal 2023. - FY2021-Q3RestatedAnnual report
「At the new plant in Thailand, which has begun producing parts for electric vehicles, revenue was lower than initially projected due to weaker demand and delays in new deliveries, but it is expected to contribute gradually to revenue going forward.」
The new plant in Thailand has begun production, but its revenue contribution continues to fall short of initial projections due to weaker demand and delays in new deliveries. - FY2021-Q2SoftenedAnnual report
「At the new plant in Thailand, which has begun producing parts for electric vehicles, revenue was lower than initially projected due to weaker demand and delays in new deliveries, but it is expected to contribute gradually to revenue going forward.」
Although the new plant in Thailand began producing parts for electric vehicles, revenue fell short of initial projections due to weaker demand and delays in new deliveries, pushing back the timing of its contribution. - FY2020AdvancedAnnual report
「In Thailand, operations began in February 2020 at DMキャスティングテクノロジー（タイ）CO., LTD., a new subsidiary that mainly produces aluminum die-cast products for electric vehicles. Full-scale mass production is scheduled to begin in summer 2020, and we will further increase our presence in the electric-vehicle market.」
The new Thai company producing aluminum die-cast products for electric vehicles began operations in February 2020 and plans to begin full-scale mass production in summer of the same year. - FY2020-Q3AdvancedAnnual report
「Operating profit decreased 35.9% year on year to ¥3,730 million, reflecting lower revenue caused by the global decline in automobile production, the consolidation of domestic sites of our consolidated subsidiary 株式会社飯野製作所, temporary overseas restructuring costs, and various expenses incurred in preparation for the start-up of the new plant in Thailand for aluminum die-cast products.」
Various costs were incurred in preparation for full-scale operation of the new plant in Thailand for aluminum die-cast products at DMキャスティングテクノロジー（タイ）, indicating that preparations for operation were progressing. - FY2020-Q1AdvancedAnnual report
「Although operating profit benefited from profit generation through rationalization, it declined due to initial costs associated with constructing the new plant in Thailand, DMキャスティングテクノロジー（タイ）CO.,LTD.」
For the new plant of the Thai subsidiary, which had been at the planning stage, initial construction costs were incurred, indicating that construction had progressed to the execution stage. - FY2018First statedAnnual report
「DMキャスティングテクノロジー（タイ）CO.,LTD. is a subsidiary established in Thailand in January 2018 and is scheduled to manufacture products for this business segment.」
A Thai subsidiary was established in January 2018 to manufacture parts other than automotive bearings, and planned production was outlined.