Establishment of a Vietnam base and investment in production equipment
First written in FY2019. 2 of 7 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021Annual profit despite continued earnings decline due to new-base costsAnnual report
「Revenue in Southeast Asia was ¥2,553 million, down ¥1,423 million (35.8%) from the previous fiscal year, as recovery from the impact of COVID-19 was slower than in the other segments, although it recovered in the fourth quarter. Segment profit was ¥50 million, down ¥498 million (90.8%) from the previous fiscal year, due mainly to the impact of lower revenue and increased start-up costs at the new Vietnam base. However, temporary plant closures and overhead-cost controls implemented to address lower revenue enabled the segment to turn its operating loss through the third quarter into annual profit.」
Start-up costs at the new Vietnam base continued to be a factor behind the earnings decline, but Southeast Asia shifted from an operating loss through the third quarter to annual profit of ¥50 million. - FY2021-Q3WorsenedAnnual report
「The segment recorded a loss of ¥130 million, compared with segment profit of ¥406 million in the same period of the previous year, due mainly to the impact of lower revenue and increased start-up costs at the new Vietnam base, despite the implementation of temporary plant closures to address lower revenue and efforts to curb overhead costs.」
The increase in start-up costs at the new Vietnam base continued to affect earnings, and Southeast Asia shifted from profit of ¥406 million in the same period of the previous year to a loss of ¥130 million. The loss also widened from the ¥87 million loss recorded for the cumulative second quarter. - FY2021-Q2RestatedAnnual report
「The segment recorded a loss of ¥87 million, compared with segment profit of ¥288 million in the same period of the previous year, due mainly to the impact of lower revenue and increased start-up costs at the new Vietnam base, despite the implementation of temporary plant closures to address lower revenue and efforts to curb overhead costs.」
Start-up costs at the new Vietnam base continued to be cited as a factor affecting Southeast Asia's earnings, and the region shifted from profit in the same period of the previous year to a loss of ¥87 million. - FY2021-Q1RestatedAnnual report
「The segment recorded a loss of ¥9 million, compared with segment profit of ¥175 million in the same period of the previous year, due mainly to the impact of lower revenue and increased start-up costs at the new Vietnam base.」
Start-up costs at the new Vietnam base continued to be cited as a factor affecting Southeast Asia's earnings, and the region shifted from profit in the same period of the previous year to a loss. - FY2020AdvancedAnnual report
「ニホンプラストベトナム headquarters and plant (Vinh Phuc Province, Vietnam) Southeast Asia Safety-component production equipment 823」
Equipment at the Vietnam base was recorded, and start-up costs became an actual factor behind the earnings decline in Southeast Asia. - FY2020-Q3AdvancedAnnual report
「Segment profit was ¥406 million, down ¥134 million (24.9%) from the same period of the previous year, despite the positive impact of higher revenue, due mainly to increased start-up costs at the new Vietnam base.」
The Vietnam base, for which work had been scheduled to begin in May 2019 and be completed in December, entered the start-up phase, and the resulting increase in costs became an actual factor behind the earnings decline in Southeast Asia. - FY2019First statedAnnual report
「March 2019: ニホンプラストベトナム was established in Vinh Phuc Province, the Socialist Republic of Vietnam. / ニホンプラストベトナム headquarters and plant (Vinh Phuc Province, Vietnam) Southeast Asia Safety-component and resin-component production equipment 897 - Internal funds May 2019 December 2019」
A Vietnamese subsidiary was established in March 2019, and production equipment for safety components and resin components was planned, with work scheduled to begin in May 2019 and be completed in December of the same year, at a planned investment of ¥897 million.