Changes to Sales Channels, Run-Down of Former Joint Venture Partner’s Inventory and Losses on Sale of Shares Following TRW Joint Venture Dissolution
First written in FY2017-Q1. 2 of 4 entries say "Restated". Latest entry: FY2017.
The whole theme swung hardest in 2020: 9 of 44 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2017DroppedAnnual reportThe FY2017 securities report's discussion of operating results and business risks contains no statement regarding the impact of inventory liquidation or changes in sales channels following the termination of the TRW joint venture.
- FY2017-Q3RestatedAnnual report
「In addition to the impact of the stronger yen, revenue fell slightly below the level of the same period of the previous year because, following the termination of the joint venture with TRW, exports to NAFTA markets were changed to sales through the Group's subsidiary. This was due to the liquidation of inventory held by the former joint venture partner that had previously been sold by the Group.」
Changes in sales channels and the liquidation of inventory held by the former joint venture partner after the termination of the joint venture with TRW continue to be factors behind the year-on-year decline in revenue. - FY2017-Q2RestatedAnnual report
「However, in addition to the impact of the stronger yen, revenue fell slightly below the level of the same period of the previous year because, following the termination of the joint venture with TRW, sales of products for export to NAFTA markets were changed to sales through the Group's consolidated subsidiary. This was due to the liquidation of inventory held by the former joint venture partner that had previously been sold by the Group.」
Changes in sales channels and the liquidation of inventory held by the former joint venture partner after the termination of the joint venture with TRW continue to be factors behind the year-on-year decline in revenue. - FY2017-Q1First statedAnnual report
「However, revenue fell below the level of the same period of the previous year because, following the termination of the joint venture with TRW, sales of products for export to NAFTA markets were changed to sales through the Group's consolidated overseas subsidiary. This was due to the liquidation of inventory held by the former joint venture partner that had previously been sold by the Group. The Group expects to record a ¥400 million loss on the sale of shares in an affiliated company as an extraordinary loss for the current fiscal year.」
Revenue fell below the level of the same period of the previous year due to changes in sales channels and the liquidation of inventory held by the former joint venture partner. In addition, the Group expects to record a ¥400 million loss on the sale of shares following the termination of the joint venture.