Operating loss in the Resin Business due to relocation costs for the Hiroshima facility and repairs at the Vietnam plant
First written in FY2019-Q1. 2 of 3 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2020-Q2.
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- FY2020-Q2MitigatedAnnual report
「Operating profit increased 41.4% year on year to ¥184 million, as expenses related to the construction and relocation of the Hiroshima site and repairs at the Vietnam plant had been incurred in the same period of the previous year.」
Operating profit increased due to the absence of Hiroshima site relocation costs and Vietnam plant repair costs incurred in the same period of the previous year, reducing the impact of these temporary expenses. - FY2019-Q2MitigatedAnnual report
「The new Hiroshima site was completed in April this year and began operations.」
The Hiroshima site, which had been cited in the previous quarter as a factor behind the operating loss, was completed and began operations. The resins and electronics-related business recorded operating profit in the current quarter. - FY2019-Q1First statedAnnual report
「The operating loss was ¥21 million due to higher expenses related to the Hiroshima site, which relocated to a newly constructed facility in March this year, and repairs carried out at the Vietnam plant, compared with operating profit of ¥18 million in the same period of the previous year.」
Higher expenses related to the construction and relocation of the Hiroshima site in March 2018 and repairs at the Vietnam plant caused the resins and electronics-related business to swing from operating profit in the same period of the previous year to an operating loss of ¥21 million.