Early achievement of profitability at the Hubei base in China
First written in FY2022. 1 of 4 entries say "Advanced", first in 2026-06-01. Latest entry: FY2026.
The whole theme swung hardest in 2022: 4 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「In the Chinese market, we will pursue earnings improvement and achieve an early return to profitability at our Chinese operations while also developing business areas that we have not previously entered.」
The company continues to identify early profitability and earnings improvement at the Hubei base in China as challenges. Although continued operating losses are disclosed, there is no disclosure of a new valuation loss recognized this fiscal year. - 2026-06-01AdvancedGeneral Meeting of Shareholders
「In the Chinese market, we will pursue earnings improvement and achieve an early return to profitability at our Chinese operations while also developing business areas that we have not previously entered.」
Regarding the Hubei operation in China, the company indicated that, in addition to its existing goal of an early return to profitability, it would develop untapped business areas and improve earnings. - FY2024Failure to achieve early profitability and recognition of a ¥326 million equity valuation lossAnnual report
「睦諾汽車部件（湖北）有限公司, established in Hubei Province, China, has not generated the earnings initially planned due to production cuts associated with weak sales by Japanese companies this fiscal year, in addition to the difficulties of launching the business amid the COVID-19 pandemic. As a result, the company recognized a ¥326 million equity valuation loss on 睦諾汽車部件（湖北）有限公司 this fiscal year.」
The Hubei base in China has not generated the earnings initially planned, and the company recognized a ¥326 million equity valuation loss. It states that it will recover the losses over the medium to long term while developing new areas of business in the Chinese market and pursuing early profitability. - FY2022First statedAnnual report
「Our China base, 睦諾汽車部件（湖北）有限公司, has commenced operations, and we will work toward achieving profitability at an early stage.」
In light of the start of operations at the Hubei base in China and the commencement of sales recognition from May 2021, the company has set early achievement of profitability as a newly stated goal.