Resolution to terminate production at a Chinese subsidiary. Production of vehicle materials business will be discontinued and production sites consolidated to strengthen functionality globally. 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Production of vehicle materials business will be discontinued and production sites consolidated to strengthen functionality globally. Impact on the fiscal year ending March 2027 is expected to be minor at this time.","jir_summary":"### Overview of Business Restructuring\nThe Board of Directors resolved to terminate production at consolidated Chinese subsidiary Achilles (Foshan) New Materials Co., Ltd. Established to expand the vehicle materials business, the subsidiary faced a severe operating environment due to the impact of COVID-19 and changes in the local market. Production will be discontinued and manufacturing sites consolidated to Achilles in Japan and a joint venture in Jiangsu Province. Going forward, the company plans to leverage functional strengths to expand globally in the mobility sector.\n\n### Outlook and Impact\nCosts and losses such as employee compensation associated with the production termination are under review, but the impact on consolidated full-year earnings forecast for the fiscal year ending March 2027 is expected to be minor at this time. If there are matters that should be disclosed in the future, they will be announced promptly.","jir_financial_highlights":"Net Sales: Unknown (Unknown)\nNet Loss: -4,199 (Comparison with FY2023 Dec \/ FY2024 Dec unknown)\nImpairment Loss on Fixed Assets: 3,256 million yen (Recorded as an extraordinary loss)","jir_category":"","jir_hashtags":"#NoShareBuyback, #ProductionTermination, #BusinessRestructuring","jir_key_figures":"Amount of costs and losses such as employee compensation: not stated (Unknown)\nImpairment loss on fixed assets: 3,256 million yen recorded as an extraordinary loss\nEstablishment date: May 15, 2019 (local subsidiary)","jir_meta_title":"Achilles Corporation: Decision to Terminate Production at Chinese Subsidiary | September 2026","jir_meta_description":"Achilles Corporation has decided to terminate production at its Chinese subsidiary. Production sites for the vehicle materials business will be reorganized to accelerate global expansion. Impact on the fiscal year ending March 2027 is expected to be minor. Please refer to IR materials for details.","jir_og_title":"Achilles Corporation: Decision to Terminate Production at Chinese Subsidiary | September 2026","jir_og_description":"Achilles Corporation has decided to terminate production at its Chinese subsidiary, promoting strengthening of the vehicle materials business and global expansion; the impact is expected to be minor.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":57785,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-123505","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n