Vietnam-Based Staffing Platform and Career Continuity for Foreign Technical Intern Trainees After Returning Home
First written in FY2021-Q2. 4 of 13 entries say "Reframed", first in FY2023-Q3. Latest entry: 2026-08-31.
UT Group moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2020: 1 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- 2026-08-31ReframedM&A and Subsidiary Changes
「Twenty First, whose shares we will acquire, operates a manufacturing staffing business focused primarily on Japanese-Brazilian personnel.」
Following the sale of the Vietnam business and the resulting reorganization of its foreign personnel-related themes, the company is expanding into a new regional and personnel mix through the acquisition of a manufacturing staffing business focused primarily on Japanese-Brazilian personnel. - FY2025ReframedAnnual report
「With the transfer of all shares held by the Company in its consolidated subsidiary Green Speed Joint Stock Company to Mr. Le Van Hoang on 27 March 2025, the Company has included results for the 15-month period from January 2024 to March 2025 only in the current consolidated fiscal year.」
The Company sold all shares of Green Speed Joint Stock Company and Hoang Nhan Company Limited, changing the ownership and consolidation structure of its Vietnam personnel dispatch platform. The Vietnam business before the sale included 15 months of results, with revenue of ¥29,157 million and 35,911 technical employees. - FY2025-H1MitigatedAnnual report
「Demand for personnel in the manufacturing sector, which had stagnated in the previous fiscal year, gradually began to recover. In addition, demand for personnel in the service sector, which had been strengthened in the previous fiscal year, remained firm. Accordingly, the Company stepped up recruitment activities, resulting in a significant net increase in the number of technical employees.」
In the Vietnam business, demand in the manufacturing sector gradually recovered, while the service sector remained firm. The number of technical employees increased to 21,237 through intensified recruitment, and segment profit turned from a loss in the same period of the previous year to a profit of ¥120 million. - FY2024Revenue and headcount growth alongside a substantial decline in profitAnnual report
「As a result, revenue was ¥10,910 million (¥9,663 million in the same period of the previous year, a 12.9% increase), segment profit was ¥62 million (¥326 million in the same period of the previous year, an 80.9% decrease), and the number of technical employees was 15,693 (13,594 in the same period of the previous year, an increase of 2,099).」
The Company expanded its engagement areas to service-sector roles, northern Vietnam and Japanese companies, increasing revenue and the number of technical employees, while profit from the overseas business declined 80.9%. - FY2024-Q3Continued revenue and headcount growth alongside a reported lossAnnual report
「As production activity in Vietnam's major export industries stagnated amid the global economic slowdown, demand for personnel declined, particularly among manufacturing customers. However, the number of technical employees increased as the Company pursued engagements in service-sector roles. In addition, as part of expanding its sales territory, the Company extended its coverage from southern Vietnam, centered on Ho Chi Minh City, where it had previously maintained a base, to northern Vietnam, centered on Hanoi, and focused on winning engagements from Japanese companies.」
While demand from Vietnam's manufacturing sector continued to decline, the Company expanded its engagement areas to service-sector roles, northern Vietnam and Japanese companies. Revenue increased 9.7% and the number of technical employees increased by 1,088, but the Company reported a segment loss of ¥47 million. - FY2024-Q2Revenue growth alongside a reported lossAnnual report
「As production activity in Vietnam's major export industries stagnated amid the global economic slowdown, demand for personnel declined, particularly among manufacturing customers. However, the number of technical employees increased as the Company pursued engagements in service-sector roles. In addition, as part of expanding its sales territory, the Company extended its coverage from southern Vietnam, centered on Ho Chi Minh City, where it had previously maintained a base, to northern Vietnam, centered on Hanoi, and focused on winning engagements from Japanese companies. As a result, revenue was ¥4,643 million (¥4,290 million in the same period of the previous year, an 8.2% increase), the segment reported a loss of ¥114 million (segment profit of ¥80 million in the same period of the previous year), and the number of technical employees was 13,878 (13,091 in the same period of the previous year, an increase of 787).」
The overseas business expanded its engagement areas to service-sector roles, northern Vietnam and Japanese companies, increasing revenue and the number of technical employees. However, it reported a segment loss of ¥114 million due to lower demand resulting from the global economic slowdown and expenses associated with the finalization of acquisition consideration, among other factors. - FY2024-Q1Declining overseas demand, recognition of losses and expansion into new project areasAnnual report
「Production activity in Vietnam’s major export industries stagnated due to the global economic slowdown and the backlash from the Vietnamese government’s “living with COVID” policy and economic stimulus measures in the previous year. As a result, demand for personnel declined, particularly among manufacturing clients, and the number of technical employees decreased. In response, the company worked to win projects not only in production processes, its traditional strength, but also in service occupations. It also expanded its sales territory from the southern region centered on Ho Chi Minh City, where it had long maintained locations, to the northern region centered on Hanoi, and focused on winning projects from Japanese companies.」
The number of technical employees declined as demand for personnel in Vietnam fell, and the overseas business reported a segment loss of ¥144 million, while expanding its service-sector engagements beyond production processes, into northern Vietnam and with Japanese companies. - FY2023ReframedAnnual report
「The following company was excluded from the scope of consolidation. Sold: Green Speed Co., Ltd.」
The company reduced and changed its former consolidated base for the Vietnamese staffing platform by selling all shares in Green Speed Co., Ltd. - FY2023-Q3ReframedAnnual report
「From the third-quarter consolidated accounting period, Green Speed Co., Ltd. was excluded from the scope of consolidation following the sale of all shares held.」
In the overseas business, including the Vietnamese staffing platform, the consolidated base changed following the sale of all shares in Green Speed Co., Ltd. Meanwhile, during the cumulative period of the current quarter, the overseas business generated revenue of ¥6,871 million and had 14,208 technical employees. - FY2023-Q2AdvancedAnnual report
「The company expanded its sales activities from the southern region centered on Ho Chi Minh City, where it had long maintained locations, to the northern region centered on Hanoi, and focused on winning projects from Japanese companies. In addition, although the number of technical employees is seasonal and declines around Tet, Vietnam’s Lunar New Year holiday, from late January to mid-February, restrictions on production activity were lifted following the easing of COVID-19-related regulations in October 2021. As the number of technical employees working in 2022 remained above the previous year, revenue and profit increased. As a result, revenue was ¥4,290 million, up 31.5% from ¥3,263 million in the previous year, segment profit was ¥80 million, up 1,756.7% from ¥4 million, and the number of technical employees was 13,091, an increase of 635 from 12,456 in the previous year.」
In its Vietnam business, the company expanded its sales territory from the south to the north, won projects from Japanese companies, and achieved 13,091 technical employees, 31.5% revenue growth and higher profit. - FY2023-Q1AdvancedAnnual report
「The company expanded its sales activities from the southern region centered on Ho Chi Minh City, where it had long maintained locations, to the northern region centered on Hanoi. New orders increased, particularly in the northern region and from Japanese companies.」
In its Vietnam business, the company expanded its sales territory from the south to the north, leading to more new orders from the northern region and Japanese companies. - FY2021-Q3AdvancedAnnual report
「Green Speed Co., Ltd. operates a staffing business that dispatches more than 13,000 people to manufacturers and other companies in Vietnam and has strong recruiting capabilities based on 30 recruitment locations in the country. We operate a management outsourcing business for foreign technical interns, primarily Vietnamese nationals, at manufacturing plants in Japan, and believe it is important to ensure continuity in their careers when they return home after completing their internships. By working with Green Speed Co., Ltd. and Hoang Nhan Co., Ltd., which have numerous workplaces in Vietnam, it becomes possible to secure employment for interns before they return home. We therefore determined that acquiring the shares of Green Speed Joint Stock Company, the holding company that owns 100% of both companies, would further enhance our corporate value, and acquired the shares.」
The company acquired 51% of Green Speed Joint Stock Company, which owns Green Speed and Hoang Nhan, giving concrete form to its plan to connect the staffing platform of more than 13,000 people and 30 locations in Vietnam with post-return employment for foreign technical interns in Japan. - FY2021-Q2First statedAnnual report
「Green Speed Co., Ltd. operates a staffing business that dispatches more than 15,000 people to manufacturers and other companies in Vietnam and has strong recruiting capabilities based on 30 recruitment locations in the country. We operate a management outsourcing business for foreign technical interns, primarily Vietnamese nationals, at manufacturing plants in Japan, and believe it is important to ensure continuity in their careers when they return home after completing their internships. By working with Green Speed Co., Ltd. and Hoang Nhan Co., Ltd., which have numerous workplaces in Vietnam, it becomes possible to secure employment for interns before they return home. We therefore determined that acquiring the shares of Green Speed Joint Stock Company, the holding company that owns 100% of both companies, would further enhance our corporate value, and acquired the shares.」
The company gave concrete form to its plan to work with a group dispatching more than 15,000 people in Vietnam from 30 recruitment locations, securing employment and career continuity for foreign technical interns after they return home, by acquiring 51% of Green Speed’s holding company.