Imasen Electric Industrial Co., Ltd.
Notice Regarding Expected Extraordinary Loss Associated with Restructuring of Production Bases in China
Imasen Electric Industrial Co., Ltd. will implement a restructuring of its production bases in China and expects to record an extraordinary loss of approximately 12 hundred million yen in the fiscal year ending March 2027. Production functions of Wuhan Imasen will be consolidated into Guangzhou Imasen, with Wuhan Imasen reduced to and continued as a delivery-only function. The impact is expected to affect consolidated results for the fiscal year ending March 2027, but there is no change to the full-year forecast at this time.
Key Figures
- Extraordinary loss: approx. 12 hundred million yen
- Reduction of Wuhan Imasen's business scope after transfer
- Improved capacity utilization at Guangzhou Imasen and improved profitability of China operations
- Period: Fiscal year ending March 2027
AI要約
Overview and Purpose of Restructuring
At today’s Board of Directors meeting, a decision was made to restructure production bases in China. Production functions of Guangzhou Imasen Electric Co., Ltd. and Wuhan Imasen Electric Co., Ltd. will be consolidated into a single site to optimize production capacity and reduce fixed costs. Wuhan Imasen will be downsized and continue solely as a delivery function.
Financial Impact and Future Outlook
An extraordinary loss of approximately 12 hundred million yen is expected to be recorded in consolidated results for the fiscal year ending March 2027. Taking into account an expected extraordinary gain from the sale of investment securities, there is no change to the consolidated earnings forecast for the fiscal year ending March 2027 at this time. Any changes will be disclosed promptly.
Imasen Electric Industrial Co., Ltd.
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