Minebea: Notice Regarding Flood Damage in Thailand
All plants except Rojana are taking measures to prevent future damage due to rising water levels. There are no human casualties, but worker attendance has dropped 10% to 30% because of the massive impact that flooding has had on commuting, housing, and other aspects of their lives. To compensate, we are shifting workers from suspended plants to continue production activities as close to normal operation as possible and thus minimize the impact on customers.
2. Looking ahead
Future operations will be decided in light of the situation as it develops. The understanding of customers and suppliers concerned about our situation would be greatly appreciated.
We will continue to monitor the extent of the flood damage and its effect on business performance and immediately report any developments risking a significant impact on business results.
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