Suspension of Operations at the Shanghai Plant and Reorganisation of the Production System
First written in FY2017. 3 of 6 entries say "Cited as achieved", first in FY2018-Q2. Latest entry: FY2019-Q3.
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- FY2019-Q3AdvancedAnnual report
「The consolidated subsidiary 信寶實業有限公司, established in Hong Kong in December 2018 to manage the import and export and production of textile products, and Shanghai 雅瑪都時装有限公司, which manufactured woven shirts and outerwear, were transferred to 欣恩国際貿易有限公司 in April 2019 to make effective use of the Group's management resources, and were consequently excluded from the scope of consolidation.」
Following the suspension of operations at the Shanghai factory, the Shanghai subsidiary and the Hong Kong company responsible for its management were transferred to a third party, and the specific steps to restructure the production system progressed. - FY2019-Q2Cited as achievedAnnual report
「Shanghai 雅瑪都時装有限公司, which manufactured woven shirts and outerwear, suspended operations at the Shanghai factory effective 20 November 2017 in light of the Company's current production structure, with expanded production bases in Southeast Asia.」
The suspension of operations at the Shanghai factory on 20 November 2017 was restated as a completed restructuring of the production system. - FY2018-Q3Cited as achievedAnnual report
「Shanghai 雅瑪都時装有限公司, which manufactured woven shirts and outerwear, determined that rising labor costs, worsening conditions for new hiring and aging equipment made it difficult to maintain a stable, profitable supply of products over the long term. In light of the Company's current production structure, with expanded production bases in Southeast Asia, it suspended operations at the Shanghai factory effective 20 November 2017.」
The suspension of operations at the Shanghai factory decided in the previous fiscal year was again reported as having been completed on 20 November 2017. - FY2018-Q2Cited as achievedAnnual report
「There were no material changes in the nature of the businesses conducted by our group, comprising the Company and its affiliates, during the first six months of the current consolidated cumulative period. However, operations at the Shanghai factory operated by the consolidated subsidiary 上海雅瑪都時装有限公司 were suspended on 20 November 2017.」
The suspension of operations at the Shanghai factory decided in the previous fiscal year was again reported as having been completed on 20 November 2017. - FY2018-Q1AchievedAnnual report
「There were no material changes in the nature of the businesses conducted by our group, comprising the Company and its affiliates, during the first quarter of the current consolidated cumulative period. However, operations at the Shanghai factory operated by the consolidated subsidiary 上海雅瑪都時装有限公司 were suspended on 20 November 2017.」
The suspension of operations at the Shanghai factory decided in the previous fiscal year was completed on 20 November 2017. - FY2017First statedAnnual report
「The decision was made in light of concerns over rising labor costs in recent years, worsening conditions for new hires, and aging equipment and machinery, as we judged that it was becoming increasingly difficult to maintain a stable supply of products with sufficient profitability over the long term, taking into account our current production structure, which now has well-established production facilities in Southeast Asia.」
We newly announced a policy of suspending operations at the Shanghai factory on 20 November 2017 and restructuring the production system based on our expanded production bases in Southeast Asia.