Komori
Tokyo Energy & Systems (1945) · InitiativeAdvanced

Overseas expansion through a joint venture in Thailand

First written in FY2017. 12 of 16 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026.

16entries
10years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2017AdvancedFY2022 – FY20262017: 120172018: 020182019: 320192020: 320202021: 120212022: 220222023: 220232024: 220242025: 120252026: 12026
Same theme, other companies
Thailand and India Engineering Overseas Operations StrategyA theme 4 companies write about · 0 as a headwind · 4 as a tailwind

0 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「In the overseas business, inquiries have increased at the factory operated by Tokyo Enesys (Thailand) Co.,Ltd. in Thailand, including steel mill and power plant projects from Japanese manufacturers and data center projects in Thailand. The company will continue supplying products tailored to customers' various needs and work to increase orders.」

    At the Thai factory, inquiries for steel mill, power plant and data center projects are increasing, and the company is working to supply products and expand orders.
  2. FY2025AdvancedAnnual report

    「The company will pursue sales activities to expand from power generation facilities into general industrial fields and EPC (engineering, procurement and construction). At Tokyo Enesys Vietnam Co.,Ltd. in the Socialist Republic of Vietnam, the pellet plant for which the company was contracted to provide O&M services began operations in March 2025.」

    The Thai factory is expanding its sales focus from power generation facilities into general industrial fields and EPC, while the company has begun O&M services for a pellet plant in Vietnam.
  3. FY2025-H1AdvancedAnnual report

    「During the interim consolidated accounting period, Tokyo Enesys Vietnam Co.,Ltd. was included in the scope of consolidation.」

    The newly established Vietnamese subsidiary was included in the scope of consolidation, as the company continues to develop its overseas business platform centered on Thailand and Vietnam.
  4. FY2024AdvancedAnnual report

    「In May 2024, the company established Tokyo Enesys Vietnam Co.,Ltd. in the Socialist Republic of Vietnam, where investment in energy-related businesses is robust. Leveraging the Tokyo Enesys Group's technical capabilities, the company will expand its energy-related business overseas, primarily in the two countries.」

    In addition to increasing orders at the Thai factory, the company established a Vietnamese subsidiary in May 2024, expanding its overseas operating regions and business platform.
  5. FY2024-Q2AdvancedAnnual report

    「1. Purpose of establishment The company had opened a representative office in the Socialist Republic of Vietnam and gathered information to expand the Tokyo Enesys Group's business in the country, where investment in energy-related businesses is robust. The company has decided to establish a subsidiary as a sales base for developing specific business activities in the region. 2. Overview of the subsidiary to be established (1) Name: Tokyo Enesys Vietnam Co.,Ltd. (2) Location: Hanoi, Socialist Republic of Vietnam (3) Representative: Kawano Takeshi (川野 武士) (4) Business activities: Design, procurement and construction of energy-related facilities; operation and maintenance; and the manufacture, procurement and sale of biomass fuel (5) Capital: VND 65.6 billion (approximately ¥400 million) (6) Expected establishment: February 2024 (7) Ownership interest: 100% held by the company」

    The company decided to expand its overseas operations from a base centered on Thailand to Vietnam and establish a wholly owned subsidiary in Hanoi responsible for energy-related facilities and biomass fuel businesses.
  6. FY2023AdvancedAnnual report

    「In its third year since establishment, the company will pursue sales activities aimed at expanding from power generation facilities into general industrial fields and EPC (engineering, procurement and construction).」

    The Thai factory is expanding its overseas sales activities from power generation facilities into general industrial fields and EPC.
  7. FY2022AdvancedAnnual report

    「In the overseas business, the factory operated by Tokyo Enesys (Thailand) Co.,Ltd. in Thailand has established a system for supplying products tailored to various needs from Japanese manufacturers and customers in neighboring countries, including Southeast Asia, and orders are gradually increasing.」

    The Thai factory has established a system for supplying products tailored to customer needs in neighboring countries, and orders are gradually increasing.
  8. FY2022-Q3Indonesian subsidiary excluded from the scope of consolidationAnnual report

    「During the consolidated accounting period for the third quarter, PT.HASHIMOTO GEMILANG INDONESIA was excluded from the scope of consolidation.」

    The company was excluded from the scope of overseas consolidated subsidiaries because it no longer met the requirements for classification as a subsidiary following a third-party allotment of shares.
  9. FY2021AdvancedAnnual report

    「In the overseas business, to meet robust energy demand in Asia, the company is bringing the factory operated by Tokyo Enesys (Thailand) Co.,Ltd., established in the Kingdom of Thailand, fully online and pursuing orders for integrated plant construction services covering equipment design and manufacturing through construction, operation and maintenance.」

    The Thai subsidiary is bringing its factory fully online and pursuing integrated orders covering design and manufacturing through construction, operation and maintenance.
  10. FY2021-Q1Change of the Thai subsidiary's corporate nameAnnual report

    「TES Practicum Co.,Ltd., a consolidated subsidiary, changed its corporate name to Tokyo Enesys (Thailand) Co.,Ltd. effective 1 April 2020.」

    The Thai consolidated subsidiary changed its corporate name to Tokyo Enesys (Thailand) Co.,Ltd. effective 1 April 2020.
  11. FY2020AdvancedAnnual report

    「Business combination date: 28 February 2020 (deemed acquisition date: 31 March 2020); voting rights acquired additionally on the business combination date: 51.9%; voting rights after acquisition: 99.9%」

    The company additionally acquired shares in TES Practicum Co.,Ltd., completed the business combination on 28 February 2020, and made it a consolidated subsidiary with voting rights of 99.9% after the acquisition.
  12. FY2020-Q3AdvancedAnnual report

    「Admiration Co.,Ltd and PT.HASHIMOTO GEMILANG INDONESIA were included in the scope of consolidation during the third quarter of the fiscal year.」

    As the company develops bases for overseas expansion, it described specific plans to include 2 overseas corporations within the scope of consolidation.
  13. FY2020-Q2AdvancedAnnual report

    「At a meeting of its Board of Directors held on 11 July 2019, the company resolved to acquire part of the shares issued in connection with a capital increase by TES Practicum Co.,Ltd., an affiliate accounted for under the cost method, and entered into a share transfer agreement on 26 July of the same year. As a result, the subsidiary's capital will be equivalent to at least 10% of the company's capital, making it a specified subsidiary of the company.」

    The company resolved to acquire shares in TES Practicum Co.,Ltd. in Thailand in connection with a capital increase and entered into a share transfer agreement on 26 July 2019. Following the capital increase, the company's capital will be THB 490 million, and it will become a specified subsidiary.
  14. FY2020-Q1AdvancedAnnual report

    「To further promote overseas business in the region, where energy demand is expected to grow, the company decided to acquire part of the capital increase associated with the local subsidiary's acquisition of a factory in the country. As a result, the subsidiary's capital will be equivalent to at least 10% of the company's capital, making it a specified subsidiary of the company.」

    The company disclosed plans to acquire, for THB 235 million, part of the capital increase of TES Practicum Co.,Ltd. in Thailand associated with its acquisition of a factory in the country, raising its ownership interest from 48% to 49%. The acquisition was scheduled for November 2019, after which the company would become a consolidated subsidiary.
  15. FY2019ReframedAnnual report

    「The company will continue to steadily pursue its overseas business while monitoring future power market trends in Southeast Asia.」

    The wording has been broadened from overseas expansion through the existing joint venture in Thailand to overseas business based on power market trends across Southeast Asia.
  16. FY2017First statedAnnual report

    「The company will also aggressively pursue overseas expansion through the joint venture established in the Kingdom of Thailand last year.」

    The company states its policy of pursuing overseas expansion through the joint venture established in Thailand in the previous year.
Moved together

"Expansion of Renewable Energy-Related Construction" moved the same way as this thread, in the same document, in 11 of its 16 moves.

1198887★123456
  1. ★This thread
  2. 1Expansion of Renewable Energy-Related Construction11×
  3. 2Decommissioning and safety-related work at nuclear power plants9×
  4. 3Facilities Construction Segment’s Fall from Profit to Loss8×
  5. 4Providing high-value-added services through consultative sales and a one-stop approach8×
  6. 5Power Generation Facility Construction and LTSA/O&M for New Power Providers and Others8×
  7. 6Deterioration in the profitability of some construction projects undertaken to expand the business scope7×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Tokyo Energy & Systems's next results are scheduled for 2026-11-05. Read the earnings preview
News
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