Strengthening the business base in China, ASEAN and North America
First written in FY2016. 10 of 28 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「While the trend toward local and intra-regional sourcing is gaining momentum in North America, locally based automakers led by EV manufacturers are taking the initiative in China, creating a rapidly changing and highly competitive market environment. To respond to these market characteristics, we will seek to improve customer satisfaction through proposals that leverage our proprietary technologies and link this to higher orders.」
In addition to the conventional emphasis on strengthening the profitability and improving the structure of overseas operations, the company is focusing on proposal activities tailored to regional market characteristics, including local sourcing in North America and the EV-led market in China. - FY2025ReframedAnnual report
「At overseas operations, we will likewise continue efforts to optimize selling prices, implement structural improvement measures for the China business and mitigate the impact of tariffs in North America, thereby increasing profitability across the Group and enhancing corporate value.」
In strengthening the overseas business platform, the company has explicitly identified structural improvements in China and mitigation of the impact of North American tariffs in addition to its conventional focus on expanding sales and strengthening profitability, and has reorganized its regional responses. - FY2024Delayed benefits from the restructuring of the China business and unsuccessful price increase negotiations in North AmericaAnnual report
「Although the company worked to restructure its local sales and administrative organizations and streamline its production systems in response to some unsuccessful price increase negotiations in North America and declining production by Japanese automakers in China, among other factors, it is taking time for the effects to materialize.」
The disclosure cites some unsuccessful price increase negotiations in North America and delays in realizing the benefits of restructuring the sales and administrative organizations and streamlining production systems in China, indicating that challenges in strengthening the profitability of overseas operations continue. - FY2024-Q3Declining sales to Japanese customers in China and continued business structure improvement measuresAnnual report
「In addition to recording business structure improvement expenses in the first quarter to rebuild its sales and administrative structure in China, the company recorded a quarterly net loss attributable to owners of the parent of ¥412 million (a quarterly net loss attributable to owners of the parent of ¥91 million in the same quarter of the previous year) due to losses on disposal of property, plant and equipment and other factors.」
The China business continues to record business structure improvement expenses aimed at rebuilding its sales and administrative structure, while declining sales to Japanese customers in China has also been identified as a factor affecting results. - FY2024-Q2Declining orders in China and recognition of business structure improvement expensesAnnual report
「In terms of profit and loss, because passing higher raw material and energy prices, processing costs and other cost increases through to selling prices has taken time, and because orders in China declined, among other factors, the company posted an operating loss of ¥268 million (an operating loss of ¥164 million in the same quarter of the previous year) and an ordinary loss of ¥262 million (an ordinary loss of ¥251 million in the same quarter of the previous year). In addition to recording business structure improvement expenses in the first quarter to rebuild its sales and administrative structure in China, the company recorded a quarterly net loss attributable to owners of the parent of ¥322 million (a quarterly net loss attributable to owners of the parent of ¥190 million in the same quarter of the previous year) due to losses on disposal of property, plant and equipment and other factors.」
The company has restated that it recorded business structure improvement expenses in the first quarter to rebuild its sales and administrative structure in China, and also identified declining orders in China as a factor affecting results. The shift in focus of the China business from expanding sales and strengthening profitability to measures including business structure improvements has continued. - FY2024-Q1ReframedAnnual report
「Partly because the company recorded business structure improvement expenses and losses on disposal of property, plant and equipment in connection with rebuilding its sales and administrative structure in China, it posted a quarterly net loss attributable to owners of the parent of ¥213 million (a quarterly net loss attributable to owners of the parent of ¥116 million in the same quarter of the previous year).」
In the China business, the focus has shifted from the previous emphasis on expanding sales and strengthening location profitability to business structure improvements aimed at rebuilding the sales and administrative structure. The company recorded related expenses and losses on disposal of property, plant and equipment. - FY2022AdvancedAnnual report
「In addition, we will increase the profit contribution of our global production locations in Japan, China, North America and ASEAN, pursue management independence, and advance the division of roles and collaboration among locations.」
As the next stage after establishing the four global production locations, the company identified increasing each location's profit contribution, achieving management independence, and dividing roles and strengthening collaboration as key priorities. The North American subsidiary recorded ordinary income of ¥91,243 thousand. - FY2021AdvancedAnnual report
「We will promote the independence of our overseas locations, strengthen collaboration among locations, and develop markets globally. In North America, production scale has expanded through active order-taking efforts. We will improve production efficiency, including through in-house production of components, and work to strengthen profitability. China recovered from the impact of COVID-19 at an early stage and is also actively pursuing vehicle electrification and automation. We will seek to expand orders through development proposals that leverage our technical capabilities. In ASEAN, we will lower the break-even point of our Thai subsidiary and strengthen its management foundation, while working to expand orders for interior parts for pickup trucks, which account for 50% of vehicles produced locally in Thailand, as the only mat production base among our overseas factories.」
The company has set out the independence of its overseas locations and collaboration among locations, and presented specific regional measures: expanding production scale in North America, development proposals in China, and lowering the break-even point and expanding orders in Thailand. - FY2021-Q3Signs of recovery in automobile production worldwideAnnual report
「In the automotive industry in which our group operates, automobile production was temporarily suspended or reduced around the world, but normalization progressed rapidly in China, and recovery trends have emerged in other regions since the summer.」
While production suspensions and reductions occurred around the world, normalization progressed in China and other regions began to recover after the summer. The impact on the global business base continues, but the external environment is now described as moving toward recovery. - FY2021-Q1Impact of production cuts on the global business baseAnnual report
「In the automotive industry in which our group operates, automobile production was suspended or reduced in locations around the world due to the impact of the spread of infection, and both production and sales declined significantly from the same period of the previous year.」
While the company has worked to strengthen the profitability of its global locations, the suspension and reduction of automobile production around the world has significantly affected its business base, including overseas locations, in terms of orders and sales. No new regional expansion or facility completion was reported. - FY2020AdvancedAnnual report
「In North America, production scale has expanded as a result of active order-taking efforts. Going forward, we will work to further improve quality and strengthen profitability.」
The company stated that production scale in North America expanded as a result of order-taking efforts. In China, it is advancing development proposals in response to signs of recovery, while in ASEAN it is building a flexible production structure through collaboration with local partner companies and working to expand orders. Meanwhile, the North American subsidiary recorded an ordinary loss of ¥56 million. - FY2020-Q3RestatedAnnual report
「Our Group is working under the RD365 medium-term management plan to strengthen the profitability of each global site, develop markets through domestic and overseas collaboration, and develop new technologies for sustainable growth.」
The company has restated strengthening the profitability of global locations, including overseas bases, and developing markets through domestic and overseas collaboration as measures under RD365. No additional milestones, such as new regional expansion or completion of facilities, were reported. - FY2020-Q2AdvancedAnnual report
「Against this backdrop, based on the RD365 medium-term management plan, our group is working to strengthen the profitability of its global locations, develop markets through domestic and overseas collaboration, and develop new technologies for sustainable growth. For the cumulative second quarter of the current consolidated fiscal year, net sales increased in both Japan and overseas to ¥11,359 million, up 11.3% year on year, while operating income increased 96.2% year on year to ¥127 million, partly due to contributions from overseas subsidiaries.」
Both domestic and overseas sales increased, and operating income also rose 96.2% year on year, partly due to contributions from overseas subsidiaries. The company reported that stronger profitability at its global locations translated into results. - FY2020-Q1AdvancedAnnual report
「Against this backdrop, based on the RD365 medium-term management plan, our group is working to strengthen the profitability of its global locations, develop markets through domestic and overseas collaboration, and develop new technologies for sustainable growth. For the cumulative first quarter of the current consolidated fiscal year, net sales increased in both Japan and overseas to ¥5,647 million, up 12.2% year on year, while operating income increased 18.3% year on year to ¥70 million, partly due to contributions from overseas subsidiaries.」
Compared with the situation through the previous quarter, when overseas business profitability remained under pressure, both domestic and overseas sales increased, and operating income also rose 18.3% year on year, partly due to contributions from overseas subsidiaries. The company reported that stronger profitability at its global locations contributed to results. - FY2019-Q3Continued pressure on overseas business profitabilityAnnual report
「Operating profit was ¥190 million, down 37.3% year on year, due in part to lower demand in China and higher upfront costs associated with an increase in mass-production vehicle models in North America. The impact of upfront costs has been limited from the third quarter onward.」
Lower demand in China and higher upfront costs associated with the increase in mass-production vehicle models in North America continued to put downward pressure on consolidated operating income. However, the company explained that the impact of upfront costs in North America became limited from the third quarter onward. - FY2019-Q2Pressure on overseas business profitabilityAnnual report
「Operating income was ¥64 million, down 65.0% year on year, due to the impact of lower demand in China and higher production stabilization costs associated with the increase in mass-production vehicle models in North America, among other factors.」
Lower demand in China and higher production stabilization costs associated with the increase in mass-production vehicle models in North America put downward pressure on operating income. Profitability pressure associated with measures to expand the overseas business has continued. - FY2019-Q1Pressure on overseas business profitabilityAnnual report
「Operating income was ¥59 million, down 35.4% year on year, due to the impact of lower demand in China and higher upfront costs associated with the increase in mass-production vehicle models in North America, among other factors.」
The company stated that lower demand in China and higher upfront costs associated with the increase in mass-production vehicle models in North America put downward pressure on operating income. - FY2018AdvancedAnnual report
「In North America, we will expand the product lineup of our U.S. subsidiary and strengthen the production structure to respond to a substantial increase in production volumes as we seek to expand orders. In ASEAN, we will work to establish an integrated production system for mat products at our Thai subsidiary to meet demand for local procurement of automotive parts.」
In North America, the company reported progress in strengthening its product lineup and production structure, while in ASEAN it reported progress in establishing an integrated production system for mat products in Thailand. It also opened a liaison office in Wuhan, China. - FY2018-Q3RestatedAnnual report
「For the nine months ended the third quarter, sales increased in both Japan and overseas to ¥15,072 million, up 6.3% year on year, while operating profit was ¥303 million, up 402.2% year on year, due in part to contributions from overseas subsidiaries and the effects of cost reductions.」
The company reconfirmed increased domestic and overseas sales and contributions from overseas subsidiaries, but did not report any additional milestones, such as new regional expansion or completion of facilities. - FY2018-Q2RestatedAnnual report
「For the six months ended the second quarter, sales were ¥9,767 million, up 3.0% year on year, due in part to higher overseas sales. Operating profit was ¥185 million, compared with operating profit of ¥1 million in the same quarter of the previous year, due in part to contributions from overseas subsidiaries and the effects of cost reductions.」
The company reconfirmed the increase in overseas sales and contributions from overseas subsidiaries, but did not report any additional milestones, such as new regional expansion or completion of facilities. - FY2018-Q1AdvancedAnnual report
「For the three months ended the first quarter, sales were ¥4,777 million, up 4.8% year on year, due in part to higher overseas sales. Operating profit was ¥91 million, compared with an operating loss of ¥104 million in the same quarter of the previous year, due in part to contributions from overseas subsidiaries and the effects of cost reductions.」
Increased overseas sales and contributions from overseas subsidiaries have translated into business performance, confirming the contribution of the global business base to results. - FY2017AdvancedAnnual report
「These investments mainly consisted of acquiring production equipment, molds, jigs and other items for manufacturing products to order at factories, as well as expanding factories at overseas subsidiaries, with the aims of increasing production capacity, rationalizing operations and renewing equipment. Capital expenditures totaled ¥1,752 million.」
The company made ¥1,752 million in capital expenditures, including the expansion of factories at overseas subsidiaries, to increase production capacity, rationalize operations and renew equipment. - FY2017-Q3RestatedAnnual report
「In addition, from the first quarter of the current consolidated fiscal year, MEIWA INDUSTRY (THAILAND)CO.,LTD. (automotive parts business), which had been an unconsolidated subsidiary, has been included in the scope of consolidation because its materiality has increased.」
The company continues to report the addition of the Thai subsidiary to the scope of consolidation, but does not indicate any new regional expansion, completion of facilities or other progress this quarter. - FY2017-Q2RestatedAnnual report
「Because MEIWA INDUSTRY(THAILAND)CO.,LTD. became more material, it has been included in the scope of consolidation from the first quarter of the current consolidated fiscal year.」
The company continues to report the addition of the Thai subsidiary to the scope of consolidation, but does not indicate any new regional expansion, completion of facilities or other progress this quarter. - FY2017-Q1AdvancedAnnual report
「From the first quarter of the current consolidated fiscal year, MEIWA INDUSTRY(THAILAND)CO.,LTD. (automotive parts business), which had been an unconsolidated subsidiary, has been included in the scope of consolidation because its materiality has increased.」
The Thai subsidiary became subject to consolidation as its materiality increased, advancing the consolidation and visibility of the overseas business base. The company also explained that overseas sales increased partly as a result of consolidating the Thai subsidiary. - FY2016First statedAnnual report
「In China, we will actively expand sales and operate our subsidiaries in Dalian and Foshan in an integrated and efficient manner to increase their contribution to the performance of our group. In ASEAN, we will make our subsidiary in Thailand a wholly owned subsidiary, strengthen our ability to respond to orders for automotive interior parts, and supply products tailored to demand trends in the region. In North America, we will strengthen the manufacturing and sales structure of our U.S. subsidiary to capture strong automotive demand and make appropriate production preparations to accommodate increased orders.」
The company presented specific regional measures, including integrated operation of its Chinese subsidiaries, making its Thai subsidiary a wholly owned subsidiary, and strengthening its North American manufacturing and sales structure.