Shift to Local Procurement at Overseas Bases
First written in FY2016-Q3. 5 of 6 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2020: 3 of 13 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「In the short term, the company is hedging foreign exchange risk through some forward foreign exchange contracts, while over the medium to long term it is developing sourcing systems for raw materials and components in regions worldwide」
The company continues to describe the development of sourcing systems for raw materials and components across overseas regions as a medium- to long-term response to foreign exchange risk. - FY2017-Q3RestatedAnnual report
「In China, sales to local automakers remained firm, but revenue declined in yen terms due to the stronger yen, resulting in revenue of ¥37.162 billion (down ¥1.645 billion year on year, or 4.2%). Although the company pursued cost reductions, including the localization of sourcing, operating profit was ¥3.035 billion (down ¥31 million year on year, or 1.0%).」
The note states that cost reductions, including local sourcing, continue in China. Although sales remained firm, revenue and operating profit fell below the year-earlier levels, partly due to the decline in translated amounts caused by the stronger yen. - FY2017-Q2RestatedAnnual report
「In China, sales to local automakers remained firm, but revenue declined in yen terms due to the stronger yen, resulting in revenue of ¥26.741 billion (down ¥215 million year on year, or 0.8%). Although the company pursued cost reductions, including the localization of sourcing, operating profit was ¥2.148 billion (down ¥82 million year on year, or 3.7%).」
The note states that cost reductions, including local sourcing, continue in China. Although sales remained firm, revenue and operating profit fell below the year-earlier levels, partly due to the decline in translated amounts caused by the stronger yen. - FY2017-Q1RestatedAnnual report
「In China, sales to local automakers remained firm, but revenue declined in yen terms due to the stronger yen, resulting in revenue of ¥14.328 billion (down ¥427 million year on year, or 2.9%). Operating profit was ¥1.249 billion (up ¥47 million year on year, or 3.9%), due to cost reductions, including the localization of sourcing.」
The note states that cost reductions, including local sourcing, were pursued in China, resulting in a 3.9% year-on-year increase in operating profit. The local-sourcing initiatives are continuing. - FY2016RestatedAnnual report
「Primarily, localization of sourcing at the Group's overseas operations is progressing」
The note states that local sourcing at overseas operations continues to advance. Progress in local sourcing is a factor behind the decline in sales to Group companies in the Japan segment. - FY2016-Q3First statedAnnual report
「Localization of sourcing at the Group's overseas operations is progressing」
The note describes the progress of local sourcing at overseas operations as a change in business operations.