Asian Expansion Centered on China and Thailand
First written in FY2016. 14 of 22 entries say "Advanced", first in FY2019-Q2. Latest entry: 2026-08-06.
8 other companies' latest entry also says "Advanced".
- 2026-08-06AdvancedEarnings
「Overseas, sales volumes at a group company in Vietnam with a new production site, under SIS’88 Pte Ltd in Singapore, a consolidated subsidiary, exceeded those of the same period of the previous year.」
The group company’s new production site in Vietnam recorded sales volumes above the same period of the previous year. - FY2026-H1AdvancedAnnual report
「Overseas, sales volumes recovered and profit and loss improved as the new production facilities in the UAE and Vietnam under Singapore-based consolidated subsidiary SIS’ 88 Pte Ltd began operating smoothly.」
The new production facilities in the UAE and Vietnam progressed from the operating delays reported in the previous fiscal year to smooth operations, resulting in a recovery in sales volumes and improved profit and loss. - FY2025AdvancedAnnual report
「With the newly opened repacking facility in the United Arab Emirates (UAE) and the manufacturing facility in Vietnam operated by Asian Blending Pte Ltd, a consolidated subsidiary, fully operational, we will conduct cost-competitive operations supported by a customer base including global and major Japanese companies, thereby establishing a system for further expanding sales and strengthening profitability.」
The UAE repacking facility and Vietnam manufacturing facility progressed from the operating delays reported in fiscal 2024 to the full-operation stage following completion of their openings in June and July. - FY2024SoftenedAnnual report
「We will bring the new repacking facility in the United Arab Emirates (UAE) and the new manufacturing facility in Vietnam operated by consolidated subsidiary Asian Blending Pte Ltd fully online, strengthening profitability through a system for further expanding sales.」
While the Group set out plans to bring the new facilities in the UAE and Vietnam fully online, the fiscal-year results identified delays in the start-up of the new Middle East and Vietnam facilities as a factor behind lower profit. - FY2023AdvancedAnnual report
「(1) Singapore: We aim to build a refined sugar supply chain centered on Singapore by expanding into the Middle East and Vietnam. To capitalize on the strong brand of consolidated subsidiary SIS’88 Pte Ltd in Singapore and strong retail product sales in the Middle East, we will build a new repacking facility in Dubai, United Arab Emirates (UAE), to establish a system for further expanding sales in the Middle East. Asian Blending Pte Ltd, a consolidated subsidiary of SIS’88 Pte Ltd, will also build a new manufacturing facility in Vietnam to strengthen its profitability.」
For the Group’s expansion in Asia, specific expansion measures were outlined, including the construction of a repacking facility in Dubai, UAE, and a manufacturing facility in Vietnam, in addition to the existing operations in Singapore, China and Thailand. - FY2023-Q1Sales volumes at the Chinese affiliate declined due to movement restrictions.Annual report
「Equity in earnings of affiliates resulted in ordinary profit of ¥945 million, down 35.8% year on year, due partly to lower sales volumes at the Chinese affiliate as a result of movement restrictions associated with the spread of COVID-19.」
At the Chinese affiliate, movement restrictions associated with the spread of COVID-19 were reflected in results as a decline in sales volumes. - FY2022AdvancedAnnual report
「In the overseas business, we will promote (1) enhancing B2C products and expanding the business area of the Singapore consolidated subsidiary, (2) capturing demand in China’s vast market, (3) providing high-quality sugar through our Thai affiliate, and (4) entering new areas, including Vietnam, in ASEAN, China and the Middle East, which continue to achieve steady economic growth.」
The Group outlined a policy of expanding Singapore’s B2C products and business area, capturing demand in China, providing high-quality sugar in Thailand, and entering new regions such as Vietnam. - FY2022-Q3Singapore: higher sales volumes, but flat profit due to higher costsAnnual report
「In Singapore, revenue increased as sales volumes rose following the easing of movement restrictions. However, the cost ratio deteriorated as personnel and transportation costs surged due to the impact of COVID-19 and other factors, resulting in operating profit remaining at approximately the same level as in the same period of the previous year.」
In the Group’s Asian operations, higher sales volumes in Singapore contributed to increased revenue, while surging personnel and transportation costs worsened the cost ratio, leaving operating profit at approximately the same level as in the same period of the previous year. - FY2022-Q2AdvancedAnnual report
「In Japan, as well as in Singapore overseas, sales volumes increased and the cost ratio improved.」
In the Group’s overseas expansion, higher sales volumes and an improved cost ratio in Singapore were reflected in results. The Chinese affiliate’s business also performed steadily, and profit and loss in Thailand improved. - FY2022-Q1AdvancedAnnual report
「Equity in earnings of affiliates improved as the business of the Chinese affiliate expanded steadily, including the start of production of Spoon-brand refined sugar in May.」
The Chinese affiliate began producing Spoon-brand refined sugar in May, indicating business growth and an improvement in equity in earnings of affiliates. - FY2021AdvancedAnnual report
「In the overseas sugar business, we will promote (1) strengthening the competitiveness of Singapore-based consolidated subsidiary SIS’88 Pte Ltd, (2) establishing a sugar supply chain covering B2B and B2C in China’s food business, and (3) establishing a production system for high-quality refined sugar at the new plant of our Thai affiliate, in the ASEAN and Chinese markets, which continue to achieve steady economic growth.」
The Group outlined specific priority initiatives for expansion in Asia: strengthening SIS’s competitiveness, building a B2B and B2C supply chain in China, and producing high-quality refined sugar at the new plant in Thailand. - FY2021-Q3RestatedAnnual report
「SIS’88 Pte Ltd reported lower revenue and profit despite increased household demand resulting from restrictions on movement in Singapore, as its earnings had not recovered.」
In the Group’s Asian operations, the Chinese affiliate benefited from factors supporting higher profit, while SIS continued to face a situation in which its earnings did not recover despite increased household demand. - FY2021-Q2The Chinese affiliate reported higher profit, but SIS had not recovered its earnings.Annual report
「Among the consolidated subsidiaries, 生和糖業㈱ reported higher revenue and profit due to a substantial improvement in its cost ratio resulting from increased sugarcane production and improved yields. 北海道糖業㈱ reported lower revenue and profit due to factors including lower sales volumes. SIS' 88 Pte Ltd also reported lower revenue and profit despite increased household demand resulting from restrictions on movement in Singapore, as its earnings had not recovered.」
In the Group’s Asian operations, the factors contributing to higher profit at the Chinese affiliate were identified, while SIS reported lower revenue and profit despite increased household demand, as its earnings had not recovered. - FY2021-Q1SIS reported lower revenue and profit due to the spread of COVID-19.Annual report
「In addition to the poor performance of 北海道糖業㈱, SIS' 88 Pte Ltd reported lower revenue and profit due to the impact of the spread of COVID-19.」
SIS, which became a consolidated subsidiary as part of the Group’s expansion in Asia, reported lower revenue and profit due to the impact of the spread of COVID-19. - FY2020AdvancedAnnual report
「In China, we also established a new joint venture, 遼寧長和制糖有限公司, in December last year to manufacture and sell small packets for household use and various processed sugars. We continued to strengthen our business foundations in Japan and overseas with the aim of capturing growth in overseas markets based in Asia.」
The Group established 遼寧長和制糖有限公司 in China to handle small packets for household use and processed sugars, advancing the development of a concrete business platform for capturing growth in the Asian market. - FY2020-Q3AdvancedAnnual report
「In December 2019, the Group continued working to strengthen its new business foundation, including by establishing Liaoning Changhe Sugar Co., Ltd., a joint venture with Yingkou Xinbeifang Sugar Co., Ltd. in China.」
In China, in addition to the existing investment in 中糧糖業遼寧有限公司, the Group established a joint venture with 営口新北方制糖有限公司. - FY2020-Q1AdvancedAnnual report
「Among the consolidated subsidiaries, 生和糖業㈱ reported lower revenue and profit due to reduced yields caused by adverse weather, while 北海道糖業㈱ saw sales volumes decline. However, the consolidation of SIS' 88 Pte Ltd, which became a consolidated subsidiary at the end of the previous third quarter, resulted in higher revenue and profit.」
For the first time, SIS’s contribution to higher revenue and profit in the sugar business was reflected in quarterly results after its conversion into a consolidated subsidiary. - FY2019AdvancedAnnual report
「In Thailand, to meet growing sugar demand in Southeast Asia in both volume and quality, we are renovating and expanding the facilities at the sugar mill operated by Kaset Phol Sugar Ltd. In Singapore, we acquired SIS’88 Pte Ltd, which has a strong brand, securing a base for expansion in Southeast Asia and the Middle East. In China, we invested in 中糧糖業遼寧有限公司, a subsidiary of the state-owned COFCO Group.」
Following SIS’s conversion into a consolidated subsidiary, the Group’s expansion in Asia progressed through the renovation and expansion of sugar mill facilities in Thailand and the investment in 中糧糖業遼寧有限公司 in China. - FY2019-Q3AdvancedAnnual report
「Against this backdrop, while strengthening the profitability of existing businesses, the Group invested in SIS’88 Pte Ltd and 中糧糖業遼寧有限公司 to secure a solid business foundation by reallocating management resources to growth businesses.」
The Group’s expansion in Asia became more concrete following SIS’s conversion into a consolidated subsidiary and the investment in 中糧糖業遼寧有限公司, including its expansion into China. - FY2019-Q2AdvancedAnnual report
「On 21 September 2018, we entered into a share transfer agreement with ED&F Man Holdings Limited for the shares of its subsidiary SIS’88 Pte Ltd (hereinafter, “SIS”). As a result, on 2 October 2018, we acquired 70.0% of SIS’s shares and made it a consolidated subsidiary.」
The Group’s expansion in Asia moved to the implementation stage through the acquisition of a 70.0% stake in SIS and its conversion into a consolidated subsidiary. - FY2017RestatedAnnual report
「In our global expansion, we aim to enhance the Mitsui Sugar Group’s presence in Asia by pursuing proactive market development and collaboration with affiliated companies, while also considering partnerships with local companies, with the aim of commercializing operations in the region.」
The Group has reaffirmed its policy of commercializing operations in Asia through market development, collaboration with affiliated companies, and partnerships with local companies. - FY2016First statedAnnual report
「For global expansion, we will actively develop markets centered on China and Thailand, while making use of local companies and promoting collaboration with affiliated companies to enhance the Mitsui Sugar Group's presence in Asia.」
Identifies market development in China and Thailand, the use of local companies, and collaboration with affiliated companies as key measures.