Preparation Costs Associated with Expanding Overseas Operations and Establishing Company-Owned Factories, etc.
First written in FY2018-Q1. 3 of 8 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2023: 8 of 16 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Segment profit increased, with the improvement in the sales mix and the significant contribution from higher plant operating rates through the use of the production capabilities of consolidated subsidiaries.」
As overseas sites and company-owned plants moved into the operating stage, the use of the production capabilities of consolidated subsidiaries and higher plant operating rates contributed to increased profit in the Industrial Materials segment. - FY2025AdvancedAnnual report
「Segment profit increased due to higher sales in both the resin materials and textile materials businesses, as well as improved operating rates at the plants of consolidated subsidiaries.」
Having moved beyond the preparation stage for overseas sites and company-owned plants, improved plant operating rates at consolidated subsidiaries became a factor driving higher profit in the Industrial Materials segment. - FY2021-Q3AdvancedAnnual report
「During the nine months ended December, the average number of temporary employees in the Electronic Devices segment increased by 91 from the previous consolidated fiscal year to 223. This was mainly due to new hiring associated with the expansion of factory production lines.」
The Electronic Devices segment moved beyond the preparation stage for overseas sites and company-owned plants, with new hiring associated with expanded factory production lines increasing the average number of temporary employees by 91. - FY2019From the preparation stage to expected earnings contributions from the operation of overseas sites and plantsAnnual report
「In the Industrial segment, we expect higher sales and profit, driven by the capture of value-added demand in firm markets through proactive solution-based sales initiatives, as well as earnings contributions from the operation of overseas sites and company-owned plants in the electronic components-related business.」
The explanation has shifted from preparation costs associated with expanding overseas operations and establishing new company-owned plants to expected earnings contributions from the operation of overseas sites and plants in the current fiscal year. - FY2018Profit decline for the full year to narrow despite continued preparation and organizational-strengthening costsAnnual report
「However, selling, general and administrative expenses increased due to costs incurred in preparing to expand overseas operations and establish new company-owned plants in the electronic components-related business, as well as costs to strengthen the organizational structure. As a result, segment profit declined. Consequently, segment sales were ¥36,142 million, up 3.2% year on year, and segment profit was ¥695 million, down 21.6%.」
Costs associated with expanding overseas operations and establishing new company-owned plants continued through the full year, resulting in a 21.6% decline in Industrial Materials segment profit. The decline narrowed from 35.7% in the cumulative period through the third quarter. - FY2018-Q3Profit decline narrowed despite continued preparation and organizational-strengthening costsAnnual report
「However, selling, general and administrative expenses increased due to costs incurred in preparing to expand overseas operations and establish new company-owned plants in the electronic components-related business, as well as costs to strengthen the organizational structure. As a result, segment profit declined substantially. Consequently, segment sales were ¥26,344 million, up 5.8% year on year, and segment profit was ¥397 million, down 35.7%.」
Preparation and organizational-strengthening costs associated with expanding overseas operations and establishing new company-owned plants continued to be incurred, resulting in a 35.7% year-on-year decline in Industrial Materials segment profit. The decline narrowed from 57.2% in the cumulative period through the previous quarter. - FY2018-Q2The impact of preparation and organizational strengthening costs was also confirmed in cumulative results.Annual report
「However, selling, general and administrative expenses increased due to costs incurred in preparing to expand overseas operations and establish new company-owned plants in the electronic components-related business, as well as costs to strengthen the organizational structure. As a result, segment profit declined substantially. Consequently, segment sales were ¥17,465 million, up 4.1% year on year, and segment profit was ¥193 million, down 57.2%.」
The note states that preparation and organizational-strengthening costs associated with expanding overseas operations and establishing new company-owned plants continued to push up selling, general and administrative expenses during the six months ended September, resulting in a 57.2% year-on-year decline in Industrial Materials segment profit. - FY2018-Q1First statedAnnual report
「However, selling, general and administrative expenses increased because preparation and organizational strengthening costs were incurred in connection with the expansion of overseas operations and the establishment of new proprietary factories in the electronic components-related field, and development-related costs and other expenses increased in the vehicle components-related field.」
Costs associated with overseas expansion, the establishment of a new proprietary factory, organizational strengthening and vehicle components development increased selling, general and administrative expenses in the Industrial Materials segment, causing segment profit to decline from ¥169 million in the same period of the previous year to ¥1 million.