Expansion of the Overseas Infrastructure Maintenance Business through the Establishment of a Joint Venture with Mitsui & Co.
First written in FY2019-Q2. 6 of 10 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「Regarding the “Rebuilding of the Overseas Business Model,” the demonstration project for institutionalizing bridge repair technology in India and verifying its market deployment was selected for the Ministry of Economy, Trade and Industry’s “Subsidy Program for Future-Oriented Co-Creation Projects in the Global South (Small-Scale Demonstration).”」
In the overseas infrastructure maintenance business, the demonstration project for institutionalizing bridge repair technology in India and verifying its market deployment was selected for a subsidy program operated by the Ministry of Economy, Trade and Industry. - FY2025AdvancedAnnual report
「Under “Business Strategies,” in the overseas business, we worked to strengthen sales activities by expanding beyond a business model focused on construction materials sales into technical cooperation and construction management, including trial construction in India and El Salvador.」
The overseas business moved from its traditional focus on construction materials sales toward expanding its business model into technical cooperation and construction management through trial construction in India and El Salvador. - FY2024-Q3RestatedAnnual report
「From the first quarter of the current consolidated accounting period, the newly established SHO-BOND＆MIT USA,INC. has been included in the scope of consolidation. From the first quarter of the current consolidated accounting period, Structural Technologies, LLC, whose shares were newly acquired, has been included in the scope of application of the equity method.」
The company continues to consolidate its US subsidiary and apply the equity method to Structural Technologies, LLC in connection with the US infrastructure maintenance business based on the joint venture with MITSUI & CO.,LTD. - FY2024-Q2RestatedAnnual report
「From the first quarter of the current consolidated accounting period, the newly established SHO-BOND＆MIT USA,INC. has been included in the scope of consolidation. From the first quarter of the current consolidated accounting period, Structural Technologies, LLC, whose shares were newly acquired, has been included in the scope of application of the equity method.」
The company continues to consolidate its US subsidiary and apply the equity method to Structural Technologies, LLC in connection with the US infrastructure maintenance business based on the joint venture with MITSUI & CO.,LTD. - FY2024-Q1AdvancedAnnual report
「From the first quarter of the current consolidated accounting period, the newly established SHO-BOND＆MIT USA,INC. has been included in the scope of consolidation. From the first quarter of the current consolidated accounting period, Structural Technologies, LLC, whose shares were newly acquired, has been included in the scope of application of the equity method.」
The US expansion based on the joint venture with MITSUI & CO.,LTD. progressed with the consolidation of SHO-BOND&MIT USA, INC. and the application of the equity method to Structural Technologies, LLC. - FY2023AdvancedAnnual report
「On 31 July 2023, SHO-BOND&MIT Infrastructure Maintenance Co., Ltd. acquired a membership interest in Structural Technologies, LLC, a US infrastructure repair company that provides proprietary products, engineering support, and construction services, through SHO-BOND&MIT USA, INC., a wholly owned subsidiary of the company's consolidated subsidiary SB&M.」
The overseas infrastructure maintenance business based on the joint venture SB&M with MITSUI & CO.,LTD. progressed to an investment in Structural Technologies, a US operator. - FY2022RestatedAnnual report
「SHO-BOND&MIT Infrastructure Maintenance Co., Ltd. handles the sale of construction materials in Japan and overseas. Overseas construction is conducted by the consolidated subsidiaries SHO-BOND (HONG KONG) LTD. and CPAC SB&M Lifetime Solution Co., Ltd.」
The roles of the company responsible for the sale of construction materials in Japan and overseas and for overseas construction, based on the joint venture with MITSUI & CO.,LTD., have been reconfirmed. - FY2021AdvancedAnnual report
「SHO-BOND&MIT Infrastructure Maintenance Co., Ltd. handles the sale of construction materials in Japan and overseas. Overseas construction is conducted by the consolidated subsidiaries SHO-BOND (HONG KONG) LTD. and CPAC SB&M Lifetime Solution Co., Ltd.」
Based on the joint venture with MITSUI & CO.,LTD., the business roles of the companies and affiliates responsible for the sale of construction materials in Japan and overseas and for overseas construction have become more specific. - FY2019-Q3AdvancedAnnual report
「At its Board of Directors meeting held on 11 March 2019, the Company resolved to establish a joint venture with MITSUI & CO.,LTD. and established it on 1 April 2019.」
The joint venture with MITSUI & CO.,LTD. established to promote the overseas maintenance business progressed from an agreement to establish it to completion of its establishment. The company name is SHO-BOND & MIT Infrastructure Maintenance Co., Ltd., with equity ownership of the company 51% and MITSUI & CO.,LTD. 49%. - FY2019-Q2First statedAnnual report
「The company agreed to establish a joint venture with MITSUI & CO.,LTD. to expand its overseas business. As demand for preventive maintenance and the extension of service life through maintenance, including repairs and reinforcement, is expected to continue increasing overseas, the company will establish a joint venture with MITSUI & CO.,LTD. to promote the maintenance business overseas. Company name: SHO-BOND & MIT Infrastructure Maintenance Co., Ltd. (abbreviated as SB&M) ... Equity ownership: the company 51%, MITSUI & CO.,LTD. 49% ... Establishment: April 2019」
The company agreed to establish a joint venture with MITSUI & CO.,LTD. to promote a maintenance business covering roads, bridges, railways, ports, buildings, and other infrastructure overseas. The equity ownership is the company 51% and MITSUI & CO.,LTD. 49%, with establishment scheduled for April 2019.