Expanding the South American business platform through the acquisition and establishment of a Brazilian subsidiary
First written in FY2017-Q3. 9 of 20 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024MitigatedAnnual report
「In South America, sales were ¥2,707 million, up ¥585 million year on year, or 27.6%, due partly to increased production volumes from the launch of new mass production and the increase in yen-denominated amounts following the depreciation of the yen. Operating results were an operating loss of ¥64 million, compared with an operating loss of ¥171 million in the previous year. Although higher utilization associated with expanded production had an improving effect, material costs increased, including the effects of exchange-rate movements on foreign-currency-denominated purchased components.」
South America sales increased 27.6% year on year with the launch of new mass production, while the operating loss narrowed from ¥171 million to ¥64 million. The burden of material costs for foreign-currency-denominated components remains. - FY2024-Q2MitigatedAnnual report
「In South America, sales were ¥1,225 million, up ¥294 million year on year, or 31.6%, due partly to increased production volumes from the launch of new mass production and the increase in yen-denominated amounts following the depreciation of the yen. Operating results were an operating loss of ¥45 million, compared with an operating loss of ¥115 million in the previous year. Although higher utilization associated with expanded production had an improving effect, material costs increased, including the effects of exchange-rate movements on foreign-currency-denominated purchased components.」
South America sales increased 31.6% year on year with the launch of new mass production, while the operating loss narrowed from ¥115 million to ¥45 million. The burden of material costs for foreign-currency-denominated components remains. - FY2023MitigatedAnnual report
「In South America, sales were ¥2,121 million, up ¥482 million year on year, or 29.4%, as mass production of a new vehicle model was launched. Operating results were an operating loss of ¥171 million, compared with an operating loss of ¥269 million in the previous year. Although higher utilization associated with expanded production had an improving effect, results were also affected by exchange-rate movements on foreign-currency-denominated component purchases and higher ocean freight costs.」
Sales in South America increased 29.4% year on year with the launch of mass production of a new vehicle model, while the operating loss narrowed from ¥269 million to ¥171 million. The burden of foreign-currency-denominated components and ocean freight costs remains. - FY2023-Q3MitigatedAnnual report
「In South America, sales were ¥1,477 million, up ¥338 million year on year, or 29.7%, as mass production of a new vehicle model was launched. Operating results were an operating loss of ¥148 million, compared with an operating loss of ¥167 million in the previous year. Although higher utilization associated with expanded production had an improving effect, results were also affected by higher costs due to exchange-rate movements affecting foreign-currency-denominated purchased components.」
South America sales increased 29.7% year on year with the launch of mass production of a new vehicle model, while the operating loss narrowed from ¥167 million to ¥148 million. Higher costs for foreign-currency-denominated purchased components remain. - FY2023-Q2MitigatedAnnual report
「In South America, sales were ¥931 million, up ¥266 million year on year, or 40.0%, due partly to increased production volumes from the launch of new mass production and the increase in yen-denominated amounts following the depreciation of the yen. Operating results were an operating loss of ¥115 million, compared with an operating loss of ¥126 million in the previous year. Although higher utilization associated with expanded production had an improving effect, material costs increased, including the effects of exchange-rate movements on foreign-currency-denominated purchased components.」
South America sales increased 40.0% year on year with the launch of new mass production, while the operating loss narrowed from ¥126 million to ¥115 million. - FY2023-Q1Higher sales from the launch of mass production in South America and a slight increase in lossesAnnual report
「In South America, sales were ¥409 million, up ¥184 million year on year, or 81.9%, due partly to increased production volumes from the launch of new mass production and the increase in yen-denominated amounts following the depreciation of the yen. Operating results were an operating loss of ¥85 million, compared with an operating loss of ¥75 million in the previous year. Although higher utilization associated with expanded production had an improving effect, material costs increased, including the effects of exchange-rate movements on foreign-currency-denominated purchased components.」
Sales increased 81.9% year on year with the launch of new mass production, but the operating loss edged up from ¥75 million to ¥85 million due to higher material costs and other factors. - FY2022MitigatedAnnual report
「In South America, sales were ¥1,639 million, up ¥868 million year on year, or 112.6%, as mass production of a new vehicle model was launched. Operating results were an operating loss of ¥269 million, compared with an operating loss of ¥479 million in the previous year. Although higher utilization associated with expanded production had an improving effect, results were also affected by higher costs due to exchange-rate movements affecting foreign-currency-denominated purchased components.」
Sales in South America increased 112.6% year on year with the launch of mass production of a new vehicle model, while the operating loss narrowed from ¥479 million to ¥269 million. - FY2022-Q3MitigatedAnnual report
「In South America, sales were ¥1,139 million, up ¥624 million year on year, or 121.3%, as mass production of a new vehicle model was launched. Operating results were an operating loss of ¥167 million, compared with an operating loss of ¥381 million in the previous year. Although higher utilization associated with expanded production had an improving effect, results were also affected by higher costs due to exchange-rate movements affecting foreign-currency-denominated purchased components.」
Sales in South America increased 121.3% year on year with the launch of mass production of a new vehicle model, while the operating loss narrowed from ¥381 million to ¥167 million, partly due to the effect of higher utilization. - FY2022-Q2MitigatedAnnual report
「In South America, sales were ¥664 million, up ¥334 million year on year, or 101.1%, as mass production of a new vehicle model was launched. Operating results were an operating loss of ¥126 million, compared with an operating loss of ¥281 million in the previous year. Although higher utilization associated with expanded production had an improving effect, results were also affected by higher costs due to exchange-rate movements affecting foreign-currency-denominated purchased components.」
Sales in South America increased 101.1% year on year with the launch of mass production of a new vehicle model, while the operating loss narrowed from ¥281 million to ¥126 million, partly due to the effect of higher utilization. - FY2022-Q1MitigatedAnnual report
「In South America, sales were ¥225 million, up ¥57 million year on year, or 34.1%. Although the Group worked on cost reductions and productivity improvements, the region reported an operating loss of ¥75 million, compared with an operating loss of ¥145 million in the previous year, partly due to sluggish production amid the downturn in the Brazilian automotive market and reduced production resulting from the spread of the infectious disease.」
Sales in South America increased 34.1% year on year, while the operating loss narrowed from ¥145 million to ¥75 million. The effects of the downturn in the Brazilian market and reduced production due to the infectious disease remain, but the loss burden has decreased from the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「In South America, sales were ¥514 million, up ¥140 million year on year, or 37.5%. Although the Group worked on cost reductions and productivity improvements, the region reported an operating loss of ¥381 million, compared with an operating loss of ¥316 million in the previous year, partly due to sluggish production amid the downturn in the Brazilian automotive market and lower sales resulting from the spread of the infectious disease.」
Sales in South America increased 37.5% year on year, while the operating loss widened from ¥316 million to ¥381 million due to the downturn in the Brazilian market and lower sales resulting from the infectious disease. - FY2021-Q2WorsenedAnnual report
「In South America, sales were ¥330 million, down ¥16 million year on year, or 4.7%. Although the Group worked on cost reductions and productivity improvements, the region reported an operating loss of ¥281 million, compared with an operating loss of ¥213 million in the previous year, partly due to sluggish production amid the downturn in the Brazilian automotive market and lower sales resulting from the spread of COVID-19.」
Sales in South America fell 4.7% year on year, while the operating loss widened from ¥213 million to ¥281 million. The effects of the downturn in the Brazilian market and lower sales due to the infectious disease continued. - FY2020-Q3RestatedAnnual report
「HI-LEX AUTOMOTIVE DO BRASIL LTDA. became dormant following the transfer of its business and was excluded from the scope of consolidation from the beginning of the first quarter of the fiscal period.」
The report continues to describe the dormancy of the Brazilian business following the transfer of its operations and its exclusion from the scope of consolidation. The explanation of the South American business now includes business transfers and site rationalization, not only platform expansion. - FY2020-Q1ReframedAnnual report
「HI-LEX AUTOMOTIVE DO BRASIL LTDA. became dormant following the transfer of its business and was excluded from the scope of consolidation from the beginning of the first quarter of the current fiscal year because it had become immaterial.」
As the expansion and consolidation of the Brazilian business platform progressed, HI-LEX AUTOMOTIVE DO BRASIL LTDA. became dormant following the transfer of its business and was excluded from the scope of consolidation. The explanation of the South American business has shifted to include business transfers and site rationalization, not only the expansion of the platform. - FY2019RestatedAnnual report
「In South America, sales were ¥664 million, partly reflecting an increase from the launch of newly won products, up ¥381 million year on year, or 135.0%. Operating results were an operating loss of ¥482 million, partly due to upfront launch costs and depreciation expenses for equipment.」
The launch of newly won products progressed in South America, increasing sales 135.0% year on year, while upfront launch costs and equipment depreciation expenses expanded the operating loss to ¥482 million. - FY2019-Q3RestatedAnnual report
「In South America, sales were ¥413 million, partly reflecting an increase from the launch of newly won products, up ¥249 million year on year, or 152.0%. Operating results were an operating loss of ¥458 million, compared with an operating loss of ¥271 million in the previous year, partly due to upfront launch costs and depreciation expenses for equipment.」
Sales in South America increased 152.0% year on year as newly won products were launched, while upfront launch costs and equipment depreciation expenses expanded the operating loss from ¥271 million to ¥458 million. - FY2019-Q2AdvancedAnnual report
「In South America, sales were ¥207 million, partly reflecting an increase from the launch of newly won products, up ¥111 million year on year, or 115.3%. Operating results were an operating loss of ¥362 million, compared with an operating loss of ¥184 million in the previous year, partly due to upfront launch costs and depreciation expenses for equipment.」
The launch of newly won products progressed in South America, including Brazil, and sales increased 115.3% year on year. However, upfront launch costs and equipment depreciation expenses also arose, expanding the operating loss from ¥184 million to ¥362 million. - FY2018-Q1RestatedAnnual report
「In South America, sales were ¥49 million, reflecting net additional sales from the Brazilian subsidiary acquired in the previous fiscal year. Although the Group worked on cost reductions and productivity improvements, the region reported an operating loss of ¥99 million, partly due to sluggish production caused by the downturn in the Brazilian automotive market.」
Sales from the Brazilian subsidiary acquired in the previous fiscal year are reflected in the South America segment's sales, while the segment reported an operating loss of ¥99 million. Performance after the expansion of the South American business platform continues to be disclosed. - FY2017AdvancedAnnual report
「As two Brazilian subsidiaries were included in the scope of consolidation from the current fiscal year, the region was classified as South America.」
The consolidation of the two Brazilian subsidiaries was reflected in the full-year reporting segments, and the South America segment was formally established. South America reported sales of ¥154 million and an operating loss of ¥85 million. - FY2017-Q3First statedAnnual report
「From the third quarter of the current fiscal year, HI-LEX AUTOMOTIVE DO BRASIL LTDA. (formerly LDB Lames Do Brasil LTDA.), previously a non-consolidated subsidiary not subject to the equity method, was included in the scope of consolidation because its materiality had increased. During the same quarter, HI-LEX DO BRASIL LTDA. was newly established in Brazil and included in the scope of consolidation. In addition, Brazil, where both companies operate, was added as the South America reporting segment from the third quarter of the current fiscal year.」
The existing Brazilian subsidiary was brought into consolidation, a new company was established in Brazil, and South America was added as a reporting segment. The voting rights ratio after the acquisition of the existing subsidiary was disclosed as 100.0%.