Establishment and Consolidation of a Czech Subsidiary
First written in FY2020-Q1. 2 of 5 entries say "Restated". Latest entry: FY2023.
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- FY2023RestatedAnnual report
「We will continue working toward an early return to profitability for SANKO GOSEI Czech,s.r.o., established in the Czech Republic in Eastern Europe.」
The early return to profitability of the Czech subsidiary remains a priority. The disclosure does not state that the new plant has been completed or that profitability has been achieved. - FY2022-Q3Higher pre-operating preparation costs at the new Czech plant and widening European lossesAnnual report
「Lower revenue from vehicle interior and exterior components and tooling resulted in revenue of ¥3,948 million, down 18.7% year on year. Pre-operating preparation costs for the new SANKO GOSEI Czech,s.r.o. plant also increased, resulting in a segment loss of ¥220 million, compared with segment profit of ¥499 million in the same period of the previous year.」
Pre-operating preparation costs for the new Czech plant increased, and the European segment swung from profit in the same period of the previous year to a loss of ¥220 million. No new milestones, such as completion of the plant, were specified. - FY2022-Q2RestatedAnnual report
「Lower revenue from vehicle interior and exterior components and tooling resulted in revenue of ¥2,558 million, down 24.1% year on year. Operating preparation costs for the new SANKO GOSEI Czech,s.r.o. plant also increased, resulting in a segment loss of ¥94 million, compared with segment profit of ¥454 million in the same period of the previous year.」
The disclosure refers to pre-operating preparation costs for the new Czech plant, but does not specify any new milestones, such as completion of the plant. - FY2020AdvancedAnnual report
「SANKO GOSEI Czech,s.r.o. Head office and plant (Czech Republic) Europe New plant Molding line Planned investment: ¥1,764 million; amount paid to date: ¥263 million; construction commenced: April 2020; completion: May 2021」
Following the consolidation of the Czech subsidiary, the Group proceeded with a ¥1,764 million new plant and molding line project, with completion scheduled for May 2021. - FY2020-Q1First statedAnnual report
「From the first quarter of the current consolidated fiscal year, the newly established SANKO GOSEI Czech,s.r.o. has been included in the scope of consolidation.」
SANKO GOSEI Czech,s.r.o., newly established in the European segment, was included in the scope of consolidation from the first quarter of the current consolidated fiscal year, expanding the Group's European operations.