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Murakami (7292) · InitiativePerformance results updated

Accelerating the transition to full-scale operations at the new Mexico plant

First written in FY2016. 2 of 20 entries say "Advanced", first in FY2017. Latest entry: FY2026.

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ProgressHeldSoftenedWorseAdvancedFY2017 – FY2018-Q3OtherFY2020-Q1 – FY20262016: 120162017: 120172018: 120182019: 220192020: 220202021: 220212022: 420222023: 320232024: 220242025: 120252026: 12026
Same theme, other companies
Launch of a New Business at the Mexico PlantA theme 4 companies write about · 0 as a headwind · 4 as a tailwind

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  1. FY2026Performance results updatedAnnual report

    「Due to higher sales volume for automotive rearview mirrors in Mexico and the impact of foreign currency translation, net sales increased by ¥3,784 million, or 13.8%, from the previous consolidated fiscal year to ¥31,240 million. Operating profit amounted to ¥1,935 million, due to the impact of higher net sales and other factors, an increase of ¥481 million, or 33.1%, from the previous consolidated fiscal year.」

    In the North American business, including Mexico, net sales increased 13.8% year on year and operating profit increased 33.1%.
  2. FY2026-H1Performance results updatedAnnual report

    「Although sales volume for automotive rearview mirrors increased, mainly in Mexico, the increase in net sales was limited to ¥34 million, or 0.2%, from the previous interim consolidated accounting period due to the impact of foreign exchange, bringing net sales to ¥14,673 million. Operating profit amounted to ¥1,453 million, due to higher net sales and other factors, an increase of ¥556 million, or 62.1%, from the previous interim consolidated accounting period.」

    In North America, rearview mirror sales volume increased, mainly in Mexico, and operating profit rose 62.1% year on year. Meanwhile, the increase in net sales was limited to 0.2% due to the impact of foreign exchange.
  3. FY2025-H1Performance results updatedAnnual report

    「Due mainly to higher sales volume for automotive rearview mirrors in Mexico and the impact of foreign currency translation, net sales increased by ¥3,301 million, or 29.1%, from the previous interim consolidated accounting period to ¥14,639 million. Operating profit amounted to ¥896 million, due to higher net sales and other factors, an increase of ¥556 million, or 163.6%, from the previous interim consolidated accounting period.」

    In North America, higher rearview mirror sales volume in Mexico, among other factors, drove net sales up 29.1% year on year and operating profit up 163.6%.
  4. FY2024-Q3Performance results updatedAnnual report

    「Due to higher sales volume for automotive rearview mirrors in the United States and Mexico and the impact of foreign currency translation, net sales increased by ¥2,777 million, or 19.0%, from the third quarter of the previous fiscal year to ¥17,408 million. Operating profit amounted to ¥601 million, due to higher net sales in Mexico and lower labor and logistics costs in the United States, among other factors, an increase of ¥408 million, or 211.2%, from the third quarter of the previous fiscal year.」

    In North America, higher rearview mirror sales volume in the United States and Mexico, among other factors, drove net sales up 19.0% year on year and operating profit up 211.2%.
  5. FY2024-Q2Performance results updatedAnnual report

    「Due to higher sales volume for automotive rearview mirrors in the United States and Mexico and the impact of foreign currency translation, net sales increased by ¥2,223 million, or 24.4%, from the second quarter of the previous fiscal year to ¥11,337 million. Operating profit amounted to ¥340 million, due to higher net sales in Mexico and lower labor and logistics costs in the United States, among other factors, an increase of ¥178 million, or 110.6%, from the second quarter of the previous fiscal year.」

    In North America, higher rearview mirror sales volume in the United States and Mexico, among other factors, drove net sales up 24.4% year on year and operating profit up 110.6%.
  6. FY2024-Q1Performance results updatedAnnual report

    「Due to higher sales volume for automotive rearview mirrors in Mexico and the impact of foreign currency translation, net sales increased by ¥740 million, or 17.7%, from the first quarter of the previous fiscal year to ¥4,916 million. Operating profit amounted to ¥110 million, due to higher net sales in Mexico and lower labor and logistics costs in the United States, among other factors, an increase of ¥97 million, or 770.8%, from the first quarter of the previous fiscal year.」

    In Mexico, higher rearview mirror sales volume and other factors drove North American net sales up 17.7% year on year and operating profit up 770.8%.
  7. FY2023-Q3Performance results updatedAnnual report

    「③ North America Although sales volume for automotive rearview mirrors declined due to production cuts by automakers caused by semiconductor component shortages in the United States and Mexico, net sales increased by ¥2,748 million, or 23.1%, from the third quarter of the previous fiscal year to ¥14,631 million, due to the impact of foreign currency translation and other factors. Despite the impact of higher material prices and logistics costs, among other factors, operating profit amounted to ¥193 million due to the impact of foreign currency translation and other factors, resulting in profit at approximately the same level as in the third quarter of the previous fiscal year.」

    In North America, including Mexico, sales volume declined due to production cuts by automakers caused by semiconductor component shortages, while net sales increased 23.1% due to the impact of foreign currency translation and other factors, and operating profit was approximately unchanged from the previous year.
  8. FY2023-Q2Performance results updatedAnnual report

    「Although sales volume for automotive rearview mirrors declined due to production cuts by automakers caused by semiconductor component shortages in the United States and Mexico, net sales increased by ¥671 million, or 8.0%, from the second quarter of the previous fiscal year to ¥9,113 million, due to the impact of foreign currency translation. Operating profit amounted to ¥161 million, a decrease of ¥198 million, or 55.2%, from the second quarter of the previous fiscal year, due to higher material prices and logistics costs, among other factors.」

    In North America, sales volume declined due to production cuts by automakers caused by semiconductor component shortages, while net sales increased 8.0% due to the impact of foreign currency translation. Operating profit declined 55.2% due to higher material prices and logistics costs.
  9. FY2023-Q1Performance results updatedAnnual report

    「Sales volume for automotive rearview mirrors declined, mainly due to the impact of production cuts by automakers caused by semiconductor component shortages, particularly in Mexico. As a result, net sales decreased by ¥197 million, or 4.5%, from the first quarter of the previous fiscal year, to ¥4,176 million. Operating profit amounted to ¥12 million, due to lower net sales in Mexico and higher labor and logistics costs in the United States, among other factors, a decrease of ¥250 million, or 95.2%, from the first quarter of the previous fiscal year.」

    In North America, net sales declined 4.5% year on year and operating profit declined 95.2%, mainly due to production cuts by automakers in Mexico.
  10. FY2022Performance results updatedAnnual report

    「As sales volume for automotive rearview mirrors increased in the United States and Mexico, net sales amounted to ¥15,996 million. Operating profit amounted to ¥264 million, due to higher personnel and logistics costs, among other factors, attributable to the spread of COVID-19.」

    In North America, higher sales volume in the United States and Mexico resulted in net sales of ¥15,996 million, while operating profit amounted to ¥264 million due to higher personnel and logistics costs, among other factors.
  11. FY2022-Q3Performance results updatedAnnual report

    「As sales volume for automotive rearview mirrors increased in the United States and Mexico, net sales amounted to ¥11,883 million. Operating profit amounted to ¥193 million, due to an increase in special costs attributable to the spread of COVID-19 and logistics disruptions, among other factors.」

    In North America, net sales amounted to ¥11,883 million on higher sales volume in the United States and Mexico, while operating profit amounted to ¥193 million due to higher special costs resulting from the spread of COVID-19 and logistics disruptions.
  12. FY2022-Q2Performance results updatedAnnual report

    「As sales volume for automotive rearview mirrors increased in the United States and Mexico, net sales amounted to ¥8,442 million. Operating profit amounted to ¥360 million, despite an increase in special costs attributable to COVID-19, due to higher net sales.」

    In North America, higher rearview mirror sales volume in the United States and Mexico resulted in net sales of ¥8,442 million and operating profit of ¥360 million.
  13. FY2021Performance results updatedAnnual report

    「(North America) As sales volumes of automotive rearview mirrors declined, mainly in the United States, net sales decreased by ¥1,523 million (11.5%) from the previous consolidated fiscal year to ¥11,720 million. Operating income totaled ¥847 million, a decrease of ¥296 million (25.9%) from the previous consolidated fiscal year.」

    In the North American business, including the new plant in Mexico, net sales declined 11.5% and operating profit declined 25.9% for the year, mainly due to lower sales volume in the United States.
  14. FY2021-Q1Performance results updatedAnnual report

    「Despite the impact of the spread of COVID-19, net sales increased by ¥256 million (8.9%) from the cumulative first quarter of the previous consolidated fiscal year to ¥3,149 million, mainly as a result of higher sales volumes of automotive rearview mirrors in Mexico. Operating income totaled ¥290 million, an increase of ¥167 million (136.8%) from the cumulative first quarter of the previous consolidated fiscal year.」

    In Mexico, despite the impact of the spread of COVID-19, higher rearview mirror sales volumes drove an 8.9% year-on-year increase in net sales and a 136.8% increase in operating income.
  15. FY2020-Q3Performance results updatedAnnual report

    「As sales volumes of automotive rearview mirrors for new vehicle models in Mexico increased, among other factors, net sales totaled ¥9,476 million, an increase of ¥959 million (11.3%) from the cumulative third quarter of the previous consolidated fiscal year. Operating income totaled ¥741 million, an increase of ¥183 million (32.9%) from the cumulative third quarter of the previous consolidated fiscal year.」

    In Mexico, higher sales volumes of new vehicle models drove an 11.3% year-on-year increase in net sales and a 32.9% increase in operating income.
  16. FY2020-Q2Performance results updatedAnnual report

    「As sales volumes of automotive rearview mirrors in Mexico increased steadily, among other factors, net sales totaled ¥6,035 million, an increase of ¥467 million (8.4%) from the cumulative second quarter of the previous consolidated fiscal year. Operating income totaled ¥386 million, an increase of ¥18 million (4.9%) from the cumulative second quarter of the previous consolidated fiscal year.」

    In Mexico, steady growth in rearview mirror sales volumes drove an 8.4% year-on-year increase in net sales and a 4.9% increase in operating income.
  17. FY2020-Q1Performance results updatedAnnual report

    「As sales volumes of automotive rearview mirrors in Mexico increased, net sales rose by ¥305 million (11.8%) from the cumulative first quarter of the previous consolidated fiscal year to ¥2,892 million. Operating income totaled ¥122 million, down ¥59 million (32.5%) from the cumulative first quarter of the previous consolidated fiscal year, due mainly to higher initial production-preparation costs for new vehicle models in Mexico.」

    In Mexico, sales volumes and net sales increased, while operating income declined 32.5% year on year due mainly to higher initial production-preparation costs for new vehicle models.
  18. FY2018-Q3AdvancedAnnual report

    「Operating income totaled ¥593 million, an increase of ¥24 million (4.3%) from the cumulative third quarter of the previous consolidated fiscal year, due in part to a reduction in the startup operating loss at the new Mexico plant.」

    The startup operating loss at the new Mexico plant narrowed, and operating income in the North America segment increased 4.3% year on year. The improvement in earnings after the new plant began operating is reflected in the figures.
  19. FY2017AdvancedAnnual report

    「As the operation of the new Mexico plant increased sales volumes of automotive rearview mirrors, net sales totaled ¥11,748 million, an increase of ¥438 million (3.9%) from the previous consolidated fiscal year.」

    The new Mexico plant, which had been targeting full-scale operations in the previous fiscal year, began operating, contributing to higher sales volumes and increased North American sales.
  20. FY2016First statedAnnual report

    「As part of its overseas business expansion, the Group is pursuing initiatives toward the early commencement of full-scale operations at Murakami Manufacturing Mexico, S.A. de C.V., which began production in April this year as the Group's second business site in North America.」

    The Mexico site has already begun production, and the next stage is to achieve full-scale operations.
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Accelerating the transition to full-scale operations at the new Mexico plant | MURAKAMI CORPORATION (7292) | Komori