Introduction of fully automated and semi-automated lines and horizontal deployment of core technologies across the Group
First written in FY2019. 1 of 5 entries say "Reframed", first in FY2020. Latest entry: FY2022.
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- FY2022RestatedAnnual report
「Further advancing across Group companies the deployment of core technologies related to mass production on fully automated and semi-automated lines acquired by overcoming barriers involving advanced technology」
The initiative to deploy across Group companies core technologies related to mass production on fully automated and semi-automated lines continued to be presented as a measure to enhance corporate value. - FY2021AchievedAnnual report
「As of the end of the current consolidated fiscal year, we completed our withdrawal from the Mexico manufacturing business and eliminated the destabilizing factors affecting consolidated performance.」
After the policy changed from seeking to return the Mexico plant's mass production to profitability, the withdrawal from the Mexico manufacturing business was completed by the end of the fiscal year. - FY2021-Q2AdvancedAnnual report
「While taking measures to prevent the spread of COVID-19, the Group investigated the activities of business partners, including changes in production plans and supply chains, reduced expenses, and pursued the 2 themes set out as the basic policies of the Medium-Term Management Plan 2022, namely, honing differentiated technologies and cost competitiveness, and taking on the challenge of building new business models, as well as the withdrawal from the Mexico manufacturing business announced on 16 June 2020. The loss resulted from the decision to withdraw from the manufacturing business of the consolidated subsidiary FNA MECHATRONICS MEXICO S.A. de C.V. and comprised an impairment loss on fixed assets of ¥540 million and special retirement payments of ¥59 million.」
The withdrawal from the Mexico manufacturing business progressed from the decision stage to the execution stage, and impairment losses on fixed assets of ¥540 million and special retirement payments of ¥59 million were recorded as business restructuring losses. However, the disclosure did not state that the withdrawal had been completed. - FY2020ReframedAnnual report
「The business has remained loss-making since its establishment, and no changes in the external environment necessary to improve its future profitability are expected. Accordingly, we resolved to withdraw from the Mexico manufacturing business in line with the policy of rebalancing the business portfolio set out in the Medium-Term Management Plan 2019.」
The policy changed from putting the Mexico plant's mass production on track and returning it to profitability to ending the manufacturing business at the end of October 2020, transferring the business and continuing operations as a sales and marketing base. - FY2019First statedAnnual report
「However, the fully automated and semi-automated lines encountered barriers involving advanced technology, and delays in the mass-production plan resulted in impairment losses on major domestic fixed assets. Going forward, our efforts to enhance corporate value in the resin molding business will involve putting the loss-making Mexico plant's mass production on track and returning it to profitability, as well as deploying across Group companies the core technologies acquired through the introduction of fully automated and semi-automated lines.」
While citing the delay in the mass-production plan for the automated lines and the impairment losses on fixed assets as lessons learned, the Company presented measures to deploy the acquired core technologies across Group companies.