Furnace shutdowns and inventory buildup in response to downside demand
First written in FY2016. 8 of 13 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019RestatedAnnual report
「Manufacturing costs decreased as production ramped up smoothly at 1 glass melting furnace at the head office plant in Kashiwa, Chiba Prefecture, which produces fly-eye lenses and resumed operations in November 2017.」
The company reiterates the production ramp-up at the furnace that resumed operations and the resulting reduction in manufacturing costs as full-year results. - FY2019-Q3RestatedAnnual report
「Manufacturing costs decreased as production ramped up smoothly at one glass melting furnace at the head office plant in Kashiwa, Chiba Prefecture, which produces fly-eye lenses and resumed operations in November 2017.」
The company continues to report the production ramp-up and reduction in manufacturing costs at the fly-eye lens furnace following its shutdown and resumption of operations. - FY2019-Q2AdvancedAnnual report
「Manufacturing costs decreased as production ramped up smoothly at one glass melting furnace at the head office plant in Kashiwa, Chiba Prefecture, which produces fly-eye lenses and resumed operations in November 2017.」
The company reports that production ramped up smoothly and manufacturing costs decreased at the fly-eye lens furnace following its shutdown and resumption of operations. - FY2019-Q1AdvancedAnnual report
「Following the completion in May 2018 of inventorying reflector mirror substrates made of crystallised glass, production using 1 glass-melting furnace at the head office plant in Kashiwa, Chiba Prefecture, was discontinued, and a loss on disposal of property, plant and equipment of ¥33 million was recorded.」
After completing the stockpiling of substrates, the company actually shut down 1 melting furnace for reflector substrates at the head office plant. - FY2018RestatedAnnual report
「Scheduled repairs were completed in November 2017 on 1 glass melting furnace at Niigata Okamoto Glass, which produces reflectors, and 1 glass melting furnace at the head office plant in Kashiwa, Chiba Prefecture, which produces fly-eye lenses. The level of work-in-process inventories also recovered smoothly.」
The company reports the completion of repairs on a total of 2 furnaces at Niigata Okamoto Glass and the head office plant, and the recovery of work-in-process inventories as full-year results. - FY2018-Q3AdvancedAnnual report
「Scheduled repairs were completed in November 2017 on 1 glass melting furnace at Niigata Okamoto Glass, which produces reflectors, and 1 glass melting furnace at the head office plant in Kashiwa, Chiba Prefecture, which produces fly-eye lenses. The level of work-in-process inventories also recovered smoothly.」
The company reports that scheduled repairs were completed on a total of 2 glass melting furnaces at Niigata Okamoto Glass and the head office plant, and that work-in-process inventory levels recovered. - FY2018-Q2AdvancedAnnual report
「One glass melting furnace at Niigata Okamoto Glass Co., Ltd., which produces reflectors, underwent scheduled furnace repairs in August 2017, and the company had increased work in process through the moulding stage by then.」
One glass melting furnace for reflector production at Niigata Okamoto Glass underwent scheduled repairs in August 2017, and the company had increased work in process in advance through the moulding stage. - FY2018-Q1AdvancedAnnual report
「As 1 glass melting furnace at Niigata Okamoto Glass Co., Ltd., which produces reflectors, was scheduled to undergo regular furnace repairs in August 2017, the company increased production of work in process through the moulding stage.」
The company reports the specific measure of increasing work in process through the moulding stage in preparation for scheduled repairs to 1 glass melting furnace at Niigata Okamoto Glass in August 2017. - FY2017AdvancedAnnual report
「The company improved profitability by shutting down 1 glass melting furnace producing reflectors at the head office plant in Kashiwa, Chiba Prefecture, in April 2016 (it resumed operations in February 2017), and 1 glass melting furnace producing automotive products and other items in September 2016, among other measures. Fixed costs were reduced and utilisation of the glass melting furnace before the shutdown improved.」
For the reflector furnace that had previously been shut down, the company reports its resumption of operations in February 2017, indicating the next stage of changes to the production structure, including the shutdown of 2 furnaces. - FY2017-Q3RestatedAnnual report
「Profitability improved and operating profit returned to the black as fixed-cost reductions progressed, including through the shutdown of 1 glass-melting furnace at the head office plant in Kashiwa, Chiba Prefecture, which manufactured reflector mirrors, in April 2016, and 1 glass-melting furnace that manufactured automotive products and other items in September 2016, while operating rates at the glass-melting furnaces that remained in operation improved.」
The company reiterates fixed-cost reductions and improved profitability based on the shutdown of the 2 furnaces described through the previous quarter. - FY2017-Q2AdvancedAnnual report
「Profitability improved as fixed costs were reduced, including through the shutdown in April of 1 glass-melting furnace at the head office plant in Kashiwa, Chiba Prefecture, which manufactured reflector mirrors, resulting in a return to operating profitability. In September, 1 glass-melting furnace at the head office plant that manufactured automotive products and other items was shut down for scheduled furnace repairs.」
Following the shutdown of the reflector furnace in April, the company reports that the furnace for automotive products and other items was also shut down for scheduled maintenance in September. - FY2017-Q1AdvancedAnnual report
「Fixed costs were reduced by, among other measures, shutting down 1 glass melting furnace at the head office plant in Kashiwa, Chiba Prefecture, in April this year, but the company was unable to offset the decrease in sales resulting from lower demand for reflectors and fly-eye lenses.」
The company reports that it implemented the planned shutdown of 1 glass melting furnace in April this year, advancing fixed-cost reductions. However, it could not offset the decrease in sales caused by lower demand. - FY2016First statedAnnual report
「(i) For one electric melting furnace at the head office plant in Kashiwa, Chiba Prefecture, producing substrates for high-performance, high-priced crystallised-glass reflectors, the company will operate at full capacity and build inventories before shutting it down for scheduled maintenance from April 2016. (ii) For one electric melting furnace at the head office plant used jointly for fly-eye lenses and automotive glass, the company will operate at full capacity and build inventories before shutting it down for scheduled maintenance from October 2016.」
In response to a downside risk to the projector sales outlook, the company plans to build inventories before shutting down 2 furnaces for scheduled maintenance.