トヨシマ's deteriorating financial position, market contraction, and price competition
First written in FY2019-Q1. 2 of 3 entries say "Restated". Latest entry: FY2019.
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- FY2019RestatedAnnual report
「As borrowings increased following the acquisition of a U.S. spring business and the restoration of a flooded factory owned in Hyogo Prefecture, the earnings environment had deteriorated due to the contraction of the domestic forklift market since the Lehman shock and intensifying price competition resulting from business restructuring by major customers. The situation had become one in which fundamental improvement in the financial condition was essential to maintain business continuity.」
Reiterates the explanation of the deteriorating earnings environment at トヨシマ, including increased borrowings, market contraction and intensifying price competition resulting from restructuring by major customers, as background to the business combination. - FY2019-Q2RestatedAnnual report
「As borrowings increased following the acquisition of a U.S. spring business and the restoration of a flooded factory owned in Hyogo Prefecture, the earnings environment had deteriorated due to the contraction of the domestic forklift market since the Lehman shock and intensifying price competition resulting from business restructuring by major customers. The situation had become one in which fundamental improvement in the financial condition was essential to maintain business continuity.」
Reiterates that, regarding トヨシマ, the earnings environment had deteriorated due to increased borrowings associated with the acquisition and restoration of flood damage at the factory, market contraction and intensifying price competition. - FY2019-Q1First statedAnnual report
「As borrowings increased following the acquisition of a U.S. spring business and the restoration of a flooded factory owned in Hyogo Prefecture, the earnings environment deteriorated due to the contraction of the domestic forklift market since the Lehman shock and intensifying price competition resulting from business restructuring by major customers. The situation became one in which fundamental improvement in the financial condition was essential to maintain business continuity.」
Regarding トヨシマ, describes the deterioration in the earnings environment caused by increased borrowings associated with the acquisition and restoration of flood damage at the factory, contraction of the domestic forklift market and intensifying price competition resulting from business restructuring by major customers.