Atsugi Co., Ltd.
Notice on Employee Reductions at Consolidated Subsidiaries and Expectation of Special Losses
We will implement employee reductions at consolidated subsidiaries and expect to record a one-time retirement allowance of approximately 211 million yen as a special loss in the second quarter of the fiscal year ending March 2027. Planned reductions: 120 people, completion targeted by the end of August 2026.
Key Figures
- Retirement lump-sum allowance approximately 211 million yen (to be recorded as a special loss)
- Planned reductions: 120 people
- Completion date: End of August 2026 (planned)
AI要約
Background and Objective
As part of a structural reform to improve productivity and right-size the workforce at the consolidated subsidiary Taizhou Atsuji Hosi Co., Ltd., we will implement personnel reductions. Based on advances in automation and changes in demand environment, the aim is to restore future earnings and improve profitability structure.
Impact and Outlook
Due to the personnel reductions, we expect to record about 211 million yen as a retirement lump-sum allowance in the consolidated cumulative second quarter of the fiscal year ending March 2027 as a special loss. The reductions will be implemented at the company's Shandong Province, Yantai City, base, with completion targeted by the end of August 2026. In the short term, expenses will be recognized, but the goal is to improve earnings structure in the medium to long term.
Atsugi Co., Ltd.
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