Expansion and efficiency improvements at the production facilities in Lianyungang, China
First written in FY2018. 2 of 3 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2021-Q2.
The whole theme swung hardest in 2020: 3 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2021-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 30 October 2020, we resolved that our consolidated subsidiary 麗港控股有限公司 would increase the capital of its subsidiary, 連雲港花茂実業有限公司.」
A capital increase of US$3 million was approved to fund capital expenditure by 連雲港花茂実業有限公司. The payment date is scheduled for 18 December 2020. - FY2019-Q1AdvancedAnnual report
「During the cumulative first quarter, 連雲港花茂實業有限公司 was established as a consolidated subsidiary to expand production facilities and improve production efficiency. This consolidated subsidiary is classified under Other in the reporting segments.」
The establishment of a consolidated subsidiary to expand production facilities and improve production efficiency in China has been completed, and the entity has been included in the scope of consolidation. - FY2018First statedAnnual report
「At a meeting of the Board of Directors held on 7 March 2018, we resolved to establish a subsidiary, a sub-subsidiary of our consolidated subsidiary 麗港控股有限公司, to expand production facilities and improve production efficiency, and established it on 23 April 2018. Capital: US$1 million (approximately ¥106 million, at US$1 = ¥106.25). At a meeting of the Board of Directors held on 7 May 2018, we resolved to increase the capital of our consolidated subsidiary 麗港控股有限公司 through a capital contribution to fund capital expenditure by 連雲港花茂実業有限公司. The capital increase was US$4 million (¥441 million, at US$1 = ¥110.42).」
After the financial results were announced, a sub-subsidiary was established in April 2018 to improve production efficiency, and a capital increase in the parent company was approved in May to fund capital expenditure. Specific measures to expand the Chinese production base were disclosed for the first time.