Tbk (7277) · InitiativeBusiness restructuring loss of ¥109 million recorded
Suspension of Operations of TBK TECHNOLOGY (THAILAND)
First written in FY2018. . Latest entry: FY2019.
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Business Structure Improvement from Withdrawal from Thai Manufacturing Business and Equipment ImpairmentA theme 5 companies write about · 4 as a headwind · 2 as a tailwind
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- FY2019Business restructuring loss of ¥109 million recordedAnnual report
「This was due to the recognition of ¥75 million in gain on sale of investment securities, while also recognizing ¥109 million in business restructuring loss related to TBK TECHNOLOGY(THAILAND)CO., LTD., whose operations are suspended.」
A business restructuring loss of ¥109 million was recognized during the period in relation to TBK TECHNOLOGY（THAILAND）, whose operations are suspended. - FY2019-Q2Recognition of Business-Restructuring LossesAnnual report
「Business restructuring loss － 54」
During the cumulative second quarter, ¥54 million in business restructuring loss was recognized as an extraordinary loss in connection with matters previously disclosed as related to the suspension of operations. - FY2018First statedAnnual report
「The company decided to suspend the operations of TBK TECHNOLOGY(THAILAND)CO., LTD., which was established to diversify production of brake friction materials, after determining that a return to profitability was not expected. As a result, it recorded a ¥333 million extraordinary loss as a business restructuring loss.」
The Group decided to suspend operations in Thailand's brake friction-material production diversification initiative because it determined that a return to profitability could not be expected, and recorded a business restructuring loss.