Decline in overseas plant operating rates associated with the start of production of a new product
First written in FY2019-Q2. 1 of 2 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2019-Q3.
Maeda Kosen moved to the "Worse" side of this theme in 2019.
1 other company's latest entry also says "Restated".
- FY2019-Q3RestatedAnnual report
「At the overseas subsidiary MAEDA KOSEN VIETNAM CO., LTD., both revenue and profit increased as the range of products handled was expanded. However, gross margin fell below the year-earlier level because of surging raw material prices and lower utilisation following the start of production of new products.」
The lower utilization associated with the start of new-product production continues to be cited as a factor depressing the gross margin. - FY2019-Q2MaterialisedAnnual report
「At overseas subsidiary MAEDA KOSEN VIETNAM CO., LTD., sales increased as the range of products handled expanded. However, profit fell below the level of the same period of the previous year due to higher raw-material prices and lower utilization following the start of production of new products.」
The lower utilization associated with the start of new-product production actually occurred at the Vietnam operation, resulting in profit below the level of the same period of the previous year.