Transfer of Production Overseas
First written in FY2017-Q2. 2 of 5 entries say "Restated". Latest entry: FY2020.
Aisan Industry moved to the "Worse" side of this theme in 2019.
The whole theme swung hardest in 2017: 2 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2020ReframedAnnual report
「Regarding “strengthening earnings improvement,” we have worked to strengthen the local sourcing of equipment and parts overseas.」
The company explicitly identifies local sourcing of equipment and parts overseas as a specific measure for improving earnings, moving beyond the previous measures of transferring production overseas and making overseas operations self-sufficient. - FY2019ReframedAnnual report
「Regarding the “self-sufficiency of overseas operations,” we have assigned executive officers to each location and have worked to stabilize the Mexico business, strengthen the earnings base of the China business, and restructure the Europe business. In fiscal 2019, we will further strengthen competitiveness in growth regions such as North America and China. Specifically, we have begun project activities starting with “China drawings and localization of China parts” in China, together with thorough localization of parts in North America.」
The wording and measures have become more specific, moving from the previous “transfer of production overseas” to self-sufficiency of overseas operations, executive officers responsible for each location, measures for operations in Mexico, China and Europe, and local sourcing of parts in China and North America. - FY2017RestatedAnnual report
「[Japan] Revenue was ¥98,303 million, down 9.2% year on year, due in part to the transfer of production overseas.」
The company explicitly identifies the transfer of production overseas as a factor behind the decline in revenue from the Japan business for the full year as well. - FY2017-Q3RestatedAnnual report
「[Japan] Due to the transfer of production overseas and foreign exchange effects, among other factors, net sales were ¥73,216 million, down 11.4% year on year, and operating profit was ¥171 million, down 95.0%.」
The company continues to explicitly identify the transfer of production overseas as a factor affecting the performance of the Japan business. - FY2017-Q2First statedAnnual report
「[Japan] Revenue was ¥48,983 million, down 13.0% year on year, due to the transfer of production overseas and the impact of foreign exchange rates.」
The company explicitly identifies the transfer of production overseas as a factor behind the decline in revenue from the Japan business.