Strengthening and Integration of Overseas Production Operations
First written in FY2016. 4 of 14 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「海尓景齢科技（浙江）有限公司, an equity-method non-affiliate, manufactures electric beds for medical and nursing care at a factory serving the Chinese market, with the company providing technical guidance while coordinating sales activities with its subsidiary 富若慈（上海）貿易有限公司.」
The company described the operating structure for its joint venture with the Haier Group as a manufacturing plant serving the Chinese market, with sales coordination with 富若慈（上海） and technical guidance provided by the company. - FY2025RestatedAnnual report
「While improving the efficiency of our existing production sites, we will review our current concentration of production sites in Vietnam and build a robust supply system to address risks including higher raw-material costs and cost increases caused by foreign-exchange fluctuations resulting from changes in the external environment, as well as production stoppages.」
The company continues to pursue a review of its concentration of production in Vietnam and the construction of a robust supply system. - FY2024ReframedAnnual report
「While improving the efficiency of our existing production sites, we will review our current concentration of production sites in Vietnam and build a robust supply system to address risks including higher raw-material costs and cost increases caused by foreign-exchange fluctuations resulting from changes in the external environment, as well as production stoppages. In addition, from a medium- to long-term perspective, we will further strengthen our manufacturing capabilities by advancing technological improvements and product development, and will develop products and services from the customer's perspective.」
In addition to reviewing the concentration of production in Vietnam and strengthening the supply system, the company has clearly stated that it will "further strengthen its manufacturing capabilities" through technological improvements and product development, broadening the production-system theme to encompass its manufacturing capabilities as a whole. - FY2023ReframedAnnual report
「While improving the efficiency of our existing production sites, we will review our current concentration of production sites in Vietnam and build a robust supply system to address risks including higher raw-material costs and cost increases caused by foreign-exchange fluctuations resulting from changes in the external environment, as well as production stoppages.」
The scope of the issues has expanded from the previous policy of concentrating production at SHENGBANG METAL to reviewing the concentration of production in Vietnam and strengthening the supply system. - FY2021RestatedAnnual report
「The absence of results for the current fiscal year is because all equity interests in PLATZ VIETNAM CO., LTD. (headquartered in Vietnam) were transferred on 22 October 2019 to SHENGBANG METAL CO., LTD. (headquartered in Vietnam), an equity-method affiliate of our company.」
We have confirmed that our group has had no production results since the transfer of PLATZ VIETNAM's equity interests and continues to purchase products from the production system centered on SHENGBANG METAL. - FY2020-Q3RestatedAnnual report
「PLATZ VIETNAM CO., LTD. (headquartered in Vietnam) was absorbed into SHENGBANG METAL CO., LTD. (headquartered in Vietnam), and our group continues to purchase from SHENGBANG METAL CO., LTD. (headquartered in Vietnam).」
We have confirmed that PLATZ VIETNAM was absorbed into SHENGBANG METAL after the transfer of its equity interest, and that purchases from the transferee continue. - FY2020-Q2AchievedAnnual report
「During the second quarter under review, the Company transferred all equity interests in its consolidated subsidiary PLATZ VIETNAM CO.,LTD. (head office: Vietnam) to its equity-method affiliate SHENGBANG METAL CO.,LTD. (head office: Vietnam). As a result, the Group came to comprise the Company, 2 subsidiaries, and 1 equity-method affiliate.」
The transfer of all equity interests in PLATZ VIETNAM was executed on 5 November 2019, and the integration scheme to consolidate the production, quality inspection, and assembly processes for key components at SHENGBANG METAL reached the implementation stage. Procurement transactions from the company and loans to the company have continued after the transfer. - FY2020-Q1SoftenedAnnual report
「The execution date of the transfer agreement and the transfer of the equity interests had been scheduled for the end of September 2019. However, delays in procedures by the Vietnamese government resulted in the transfer agreement being executed on 22 October 2019, and the transfer had not been completed as of the end of the first quarter under review.」
The transfer of all equity interests in PLATZ VIETNAM was delayed from the end of September 2019, and the transfer agreement was executed on 22 October because of delays in government procedures. The transfer had not been completed as of 30 September. - FY2019AdvancedAnnual report
「This concerns the management integration of the two companies, which had been temporarily suspended as announced in the 8 December 2016 notice titled “Notice Regarding the Discontinuation of the Business Transfer of a Consolidated Subsidiary and the Dissolution and Liquidation of the Subsidiary.” The integration will proceed under a revised scheme.」
The Board of Directors resolved on 8 August 2019 to transfer all equity interests in PLATZ VIETNAM to SHENGBANG METAL, with completion scheduled for the end of September 2019. The companies moved to a new integration scheme that would consolidate the production, quality inspection, and assembly of key components at one company. - FY2018AdvancedAnnual report
「The number of employees decreased by 23 from the end of the previous consolidated fiscal year because production volume at consolidated subsidiary PLATZ VIETNAM CO.,LTD. stabilized and production efficiency improved.」
The company reported stable production volume and improved production efficiency at its Vietnamese subsidiary. - FY2017RestatedAnnual report
「The scheme and schedule for the management integration of the two companies remain under review and adjustment. However, the companies will continue strengthening their cooperative framework and work to improve productivity and quality.」
The integration scheme and schedule for PLATZ VIETNAM and SHENGBANG METAL remain under review, and the policy is to continue strengthening their cooperative framework for the time being. - FY2017-Q2SoftenedAnnual report
「The Company resolved to discontinue the business transfer and the dissolution and liquidation of the subsidiary.」
The business transfer and the dissolution and liquidation of the subsidiary were temporarily suspended, and the integration scheme and schedule were to be reconsidered. - FY2017-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 August 2016, the Company resolved to transfer all of the business of its consolidated subsidiary PLATZ VIETNAM CO.,LTD. (head office: Vietnam) to its equity-method affiliate SHENGBANG METAL CO.,LTD. (head office: Vietnam). It also resolved to dissolve and liquidate PLATZ VIETNAM CO.,LTD. after the business transfer. As of the end of the quarter under review, the parties were still discussing the terms of the transfer, including the transfer price, and had not yet executed the transfer agreement. The business transfer was scheduled for late November 2016, and around December of the same year SHENGBANG METAL CO.,LTD. was scheduled to change its name to PLATZ SHENGBANG CO.,LTD. and launch a new production system.」
The Board of Directors adopted resolutions, and the conditions of the business transfer, transfer date, company-name change, and planned launch of the new production system were specified. - FY2016First statedAnnual report
「Through this business transfer, we will consolidate at one company the production processes and quality inspection and assembly processes for key components used in electric beds for nursing care and related equipment, thereby reducing production costs, improving operational efficiency, and further enhancing product quality. We will also establish an overseas production system by further strengthening cooperation between the Company and SHENGBANG METAL CO.,LTD.」
A plan to transfer all of PLATZ VIETNAM's business to SHENGBANG METAL and launch the new structure around December 2016.