Lower profitability in the resin business due to production plan restructuring and the postponement of full-scale production of a major mass-production product
First written in FY2018-Q1. 14 of 19 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「Operating profit rose 91.1% year on year to ¥1.444 billion, a record high, as higher net sales and continuing cost-reduction initiatives proved effective, while deliveries of new products other than automotive products also contributed to profit.」
The company improved from previous periods, when demand fluctuations and lower operating rates resulted in operating losses, to a record-high level of operating income through cost reductions and deliveries of new products. - FY2026-H1MitigatedAnnual report
「Operating income increased 71.4% year on year to ¥848 million, as ongoing cost-reduction initiatives and other measures proved effective.」
Ongoing cost-reduction initiatives and other measures proved effective, and operating income in the resin and electronics-related business increased 71.4% year on year. - FY2025-H1WorsenedAnnual report
「Sales declined 8.9% year on year to ¥5,527 million as demand for resin-molded products for automotive applications temporarily fell due to production stoppages stemming from certification fraud by automakers and lower sales in China. Operating income declined 23.1% to ¥494 million.」
In addition to the previous declines in demand related to automotive parts and customer production adjustments, production stoppages stemming from certification fraud by automakers and lower sales in China were identified as new factors behind the decline in demand, which became evident in lower sales and operating income. - FY2024-Q3MitigatedAnnual report
「Operating income was ¥1,035 million, reflecting higher sales, the recovery in factory operating rates and progress in improving production efficiency, an increase of ¥953 million year on year (operating income of ¥81 million in the same period of the previous year).」
The company improved from a period of operating losses caused by lower factory operating rates as customer demand declined to a position of generating operating income of ¥1,035 million through the recovery in operating rates and improved production efficiency. - FY2024-Q2MitigatedAnnual report
「Operating income was ¥643 million, reflecting higher sales, the recovery in factory operating rates and progress in improving production efficiency (operating loss of ¥182 million in the same period of the previous year).」
The company improved from the previous period, when lower customer demand and operating rates resulted in an operating loss, to a position of generating operating income through the recovery in factory operating rates and improved production efficiency. - FY2024-Q1MitigatedAnnual report
「Operating income was ¥258 million, reflecting the recovery in factory operating rates and progress in improving production efficiency (operating loss of ¥184 million in the same period of the previous year).」
The company improved from the previous period, when customer demand and factory operating rates had declined, to a position of generating operating income through the recovery in factory operating rates and improved production efficiency. - FY2023MitigatedAnnual report
「Although demand related to automotive parts had not returned to pre-pandemic levels, operating income reached ¥273 million as the company advanced initiatives including higher productivity per employee, reduced manufacturing losses and improved in-process defect rates, compared with an operating loss of ¥299 million in the previous fiscal year.」
Even though customer demand has not fully recovered, productivity improvements, loss reduction and a lower defect rate have mitigated the deterioration in earnings caused by the previous decline in operating rates. - FY2023-Q3MitigatedAnnual report
「Revenue increased 10.0% year on year to ¥6,972 million, as demand related to automotive parts began to recover from the third quarter of the current fiscal year and the yen-denominated value of foreign-currency transactions rose due to yen depreciation. Operating income was ¥81 million, reflecting higher plant productivity and expense reductions, compared with an operating loss of ¥192 million in the same period of the previous year.」
A recovery trend in demand related to automotive components, together with higher productivity and lower expenses, mitigated the impact of lower factory utilization and operating losses caused by weaker customer demand. - FY2023-Q2WorsenedAnnual report
「On the other hand, lower demand related to automotive components caused the factory utilization rate to decline, resulting in an operating loss of ¥182 million, compared with an operating loss of ¥163 million in the same period of the previous year.」
The decline in demand related to automotive components, rather than the previous changes to the production plan and delays in the ramp-up of mass production, occurred and became apparent in the form of lower factory utilization and a larger operating loss. - FY2023-Q1WorsenedAnnual report
「On the other hand, lower customer production caused the factory utilization rate to decline, resulting in an operating loss of ¥184 million, compared with operating profit of ¥65 million in the same period of the previous year.」
Production adjustments by customers, rather than the previous changes to the production plan and delays in the ramp-up of mass production, occurred and became apparent in the form of lower factory utilization and an operating loss. - FY2020-Q3RestatedAnnual report
「Sales fell 57.6% year on year to ¥6,007 million. Although mass production of automotive plastic molded products progressed steadily, the company transferred all of its equity interest in FCV, formerly a consolidated subsidiary, in March last year.」
Mass production of molded resin products for automotive applications is progressing steadily, and concerns about changes to the production plan and delays in the ramp-up of mass production for large-volume products have not materialized to date. - FY2020-Q1MitigatedAnnual report
「Although mass production of molded resin products for automotive applications progressed steadily, the transfer of all equity interests in FCV, which had been a consolidated subsidiary, in March this year caused net sales to decrease 61.8% year on year to ¥1.714 billion. Operating loss was ¥16 million, down from ¥21 million in the same period of the previous year, when expenses were incurred for the relocation to a newly built Hiroshima facility and repairs were carried out at the Vietnam plant.」
Mass production of molded resin products for automotive applications progressed steadily, and the expenses related to the Hiroshima facility relocation and Vietnam plant repairs incurred in the same period of the previous year did not recur, reducing the operating loss from ¥21 million to ¥16 million. - FY2019-Q3MitigatedAnnual report
「Sales rose 1.3% year on year to ¥14,158 million, as production and sales of printed circuit boards remained at the same level as in the same period a year earlier and mass production of automotive plastic molded products continued steadily.」
Mass production of molded resin products for automotive applications is progressing steadily, and concerns about changes to the production plan and delays in the ramp-up of mass production for large-volume products continue to recede. - FY2019-Q1MitigatedAnnual report
「Sales rose 2.8% year on year to ¥4,486 million, as mass production of automotive plastic molded products continued steadily.」
Mass production of molded resin products for automotive applications is progressing steadily, reducing concerns about changes to the production plan and delays in the ramp-up of mass production for large-volume products. - FY2018-Q3MitigatedAnnual report
「Net sales increased 200.1% year on year to ¥13.983 billion, as mass production of molded resin products for automotive applications progressed steadily, sales of electronic components grew, and FCV, which manufactures printed circuit boards and assembles printed circuit board units, was made a consolidated subsidiary during the first-quarter consolidated accounting period.」
Mass production of molded resin products for automotive applications is progressing steadily, reducing concerns about the delayed ramp-up of mass production for large-volume products noted in the previous quarter. - FY2018-Q2MitigatedAnnual report
「Net sales increased as mass production of molded resin products for automotive applications progressed steadily and sales of electronic components grew.」
Mass production of molded resin products for automotive applications is progressing steadily, reducing concerns about the delayed ramp-up of mass production for large-volume products noted in the previous quarter. - FY2018-Q1First statedAnnual report
「On the other hand, in addition to lower production efficiency resulting from changes to the production plan for this business, the ramp-up of mass production for large-volume products was delayed, causing operating profit to decrease 84.2% year on year to ¥18 million.」
The decline in production efficiency resulting from changes to the production plan and the delay in the ramp-up of mass production for large-volume products occurred in practice, causing operating profit to decrease 84.2% year on year.