International Expansion into Europe and Southeast Asia
First written in FY2016. 18 of 30 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-09-03.
The whole theme swung hardest in 2022: 2 of 9 companies on the "Worse" side.
15 other companies' latest entry also says "Advanced".
- FY2026-H1ReframedAnnual report
「During the six months ended [the interim period], the Group sold its UK business in the third quarter of the previous consolidated fiscal year in order to concentrate its portfolio on the engineering field, while pursuing growth and earnings in China and other parts of Asia. As a result, revenue from this segment for the six months ended [the interim period] was ¥323 million, down 98.5% year on year, and segment profit was ¥148 million, down 71.9%.」
The overseas business strategy was reorganized from expanding the UK business to selling the UK business and concentrating on the engineering field and China and other parts of Asia. Revenue and segment profit fell substantially as a result of the sale of the UK business. - FY2025-H1AdvancedAnnual report
「(Overseas operations) The Company's consolidated subsidiary Gap Personnel Holdings Limited additionally acquired shares of the Company's consolidated subsidiaries Driving Force Recruitment Holdings Ltd, DFR Holdings Ltd and Driving Force Recruitment Ltd. The Company additionally acquired shares of Guangzhou Dianmi Xinke Human Resources Co., Ltd., previously accounted for under the equity method, making it a consolidated subsidiary. It was therefore included in the scope of consolidation.」
The Group additionally acquired shares in 3 Driving Force-related companies in the UK. In China, Guangzhou Dianmi Xinke Human Resources Co., Ltd. changed from an equity-method affiliate to a consolidated subsidiary following an additional acquisition. The Group expanded its control over, and consolidation scope within, its overseas business. - FY2024-Q3ReframedAnnual report
「The Company's consolidated subsidiary Talent Invest Limited established TIL AB Limited (now SOLARIX TALENT LIMITED), TIL BC Limited (now ASCEND TALENT LIMITED), TIL CD Limited and TIL DC Limited, which were therefore included in the scope of consolidation. The Company's consolidated subsidiary Gap Personnel Holdings Limited sold the shares of the Company's consolidated subsidiaries Absolute Recruitment UK Limited, Bralin Recruitment Limited, Absolute Commercial Limited and Absolute Health and Care Limited, which were therefore removed from the scope of consolidation.」
In its overseas operations, the Group sold 4 UK companies and removed them from the scope of consolidation, while Talent Invest Limited established 4 companies. The overseas business was reorganized into a portfolio management approach involving the replacement and restructuring of entities, rather than one focused solely on expansion. - FY2024-Q1AdvancedAnnual report
「There were no material changes in the nature of the businesses conducted by the Company and its affiliates during the three months ended [the first quarter]. Changes among major affiliates were as follows. (Overseas operations) The Company's consolidated subsidiary Talent Invest Limited established TIL AB Limited, TIL BC Limited, TIL CD Limited and TIL DC Limited, which were therefore included in the scope of consolidation.」
Talent Invest Limited established 4 companies in the UK and added them to the scope of consolidation, further expanding the corporate platform for its overseas business. - FY2023-Q3AdvancedAnnual report
「In January 2023, the Company's consolidated subsidiary Gap Personnel Holdings Limited acquired the shares of Absolute Recruitment UK Limited and 3 other companies, which were included in the scope of consolidation. Also in January, Talent Investment Limited, another consolidated subsidiary of the Company, acquired the shares of Adapt Recruitment Group Limited and included it in the scope of consolidation. Talent Investment Limited was renamed from Kerr Limited.」
The Group acquired multiple staffing services companies in the UK, expanding its overseas business platform in Europe. - FY2023-Q1AdvancedAnnual report
「In addition, liquidation of consolidated subsidiary YUMEGLOBAL POLSKA SP.ZO.O. was completed, and it was excluded from the scope of consolidation. In addition, consolidated subsidiary Gap Personnel Group sp.z.o.o. sold its shares in Global Personnel Group sp.z.o.o. and subsequently completed its liquidation, so both companies were excluded from the scope of consolidation.」
In its overseas expansion, the Group also streamlined its operations by selling and liquidating its Polish entity, rather than focusing solely on expansion. - FY2022-Q2AdvancedAnnual report
「During the six months ended [the second quarter], demand for temporary staffing and fee-based recruitment services in the UK continued to show signs of recovery as lockdown restrictions were eased.」
In the UK, demand for temporary staffing and fee-based recruitment services continued to recover as lockdown restrictions were eased. The Group also reviewed its overseas business portfolio through the acquisition of Driving Force Recruitment Limited, the sale of MTrec Limited and the absorption-type merger of its Vietnamese subsidiary. - FY2022-Q1AdvancedAnnual report
「In line with the unification of the fiscal year-ends of the UK operating companies from the previous 31 March to 30 June, the Group's fiscal year-end, we recorded 6 months of performance from April through September 2021 during the first quarter consolidated cumulative period.」
In the UK business, unified fiscal year-ends to improve consolidated management, acquired Driving Force Recruitment Limited and sold MTrec Limited's manufacturing operations. Continued operations while reviewing the composition of the UK business. - FY2021Withdraw from UK manufacturing operations and pursue selection and concentrationAnnual report
「To promote further growth and strengthen earnings in the UK business, we reviewed the composition of our business portfolio and decided, from the perspective of selection and concentration, to withdraw from manufacturing operations in the UK and transfer all shares of MTrec.」
The UK business shifted from the previous course of expanding overseas operations toward withdrawing from manufacturing operations and pursuing growth and stronger earnings through portfolio selection and concentration. - FY2021-Q3UK operations trending toward recovery, but profit declined as recruitment services remained weakAnnual report
「During the 9-month period ended [the current quarter], the UK business was strongly affected by the lockdown at the beginning of the period, but revenue began to recover toward the end of the period and the decline narrowed. Although goodwill amortization decreased because an impairment loss on goodwill had been recorded in the previous consolidated fiscal year, and fixed costs were reduced, these measures were insufficient to offset the decline in revenue, particularly the weakness in the recruitment services business, which makes a significant contribution to profit. As a result, segment revenue was ¥20,656 million (down 9.1% year on year) and segment profit was ¥61 million (down 74.5% year on year).」
Revenue in the UK business began to recover toward the end of the period and the decline narrowed, but the weakness in recruitment services could not be offset, resulting in overseas revenue down 9.1% and segment profit down 74.5%. - FY2021-Q2Revenue declined and profit increased as the UK lockdown continuedAnnual report
「During the 6-month period ended [the current quarter], the UK lockdown caused a substantial decline in demand for labor. In response, we reduced fixed costs and utilized government support. In addition, after carefully assessing the future earnings of the UK business, we recorded an impairment loss on goodwill as an extraordinary loss in the previous consolidated fiscal year, reducing goodwill amortization. As a result, revenue was ¥12,093 million (down 16.9% year on year) and segment profit was ¥165 million (up 17.0% year on year).」
The UK lockdown caused revenue in the overseas operations to decline, but segment profit increased due to fixed-cost reductions, the use of government support and lower goodwill amortization. - FY2021-Q1Revenue declined and costs were reduced under the UK lockdownAnnual report
「During the first quarter consolidated cumulative period, the UK lockdown caused a substantial decline in demand for labor. In response, we reduced fixed costs and utilized government support. In addition, after carefully assessing the future earnings of the UK business, we recorded an impairment loss on goodwill as an extraordinary loss in the previous consolidated fiscal year, reducing goodwill amortization. As a result, revenue was ¥5,150 million (down 29.2% year on year) and segment profit was ¥29 million (up 31.5% year on year).」
The UK lockdown led to a substantial decline in labor demand and revenue, but segment profit increased 31.5% year on year due to fixed-cost reductions, the use of government support and lower goodwill amortization following the impairment recorded in the previous fiscal year. - FY2020SoftenedAnnual report
「Although our long-term policy of expanding the overseas staffing services business and pursuing self-sustaining growth in each region as one of our traditional growth strategies remains unchanged, in light of the impact of COVID-19, we will make careful decisions on new overseas investments and prioritize recovering and improving profit margins in existing businesses. We will also continue to focus on appropriately managing local management teams and responding appropriately to Group corporate governance.」
While maintaining the long-term policy of expanding the overseas business, shifted the focus toward making careful decisions on new investments and prioritizing the recovery and improvement of profit margins in existing businesses. - FY2020-Q2AdvancedAnnual report
「During the second quarter consolidated accounting period, acquired shares of Axis Create Co., Ltd., Faith Co., Ltd., Axis Human Development Co., Ltd. and Nanjing Husi Enterprise Management Service Co., Ltd., so they were included in the scope of consolidation.」
In addition to overseas expansion centered on the UK and Southeast Asia, added China's Nanjing Husi Enterprise Management Service Co., Ltd. to the scope of consolidation, broadening the corporate base for the overseas business. - FY2020-Q1AdvancedAnnual report
「In addition, Gap Personnel Holdings Limited newly established Gap Personnel Europe Ltd. during the first quarter consolidated accounting period, so it was included in the scope of consolidation.」
Gap Personnel Holdings Limited newly established Gap Personnel Europe Ltd., adding to the corporate base for its European operations. - FY2019AdvancedAnnual report
「The full-year contributions from the newly acquired UK staffing company Quattro Group Holdings Limited and UK staffing company Gap Personnel Holdings Limited, whose shares were acquired in the previous fiscal year, together with the absence of one-time expenses and efforts to improve costs, resulted in segment revenue of ¥31,308 million for the fiscal year (up 42.5% year on year) and segment profit of ¥231 million (segment loss of ¥118 million in the same period of the previous year).」
Full-year contributions from Quattro and Gap Personnel in the UK and cost improvements resulted in revenue of ¥31,308 million and segment profit of ¥231 million in the overseas operations. - FY2019-Q3RestatedAnnual report
「In January 2019, acquired a 44.42% stake in L&A INVESTMENT CORPORATION, a holding company with a Vietnamese staffing company under its umbrella, making it an equity-method affiliate.」
Again stated that Vietnam's L&A INVESTMENT CORPORATION is an equity-method affiliate. There were no new additions concerning the regions or means of overseas expansion. - FY2019-Q2AdvancedAnnual report
「On 23 January 2019, we acquired a 44.42% stake in L&A INVESTMENT CORPORATION, which owns major Vietnamese staffing company Le&Associates (hereinafter, L&A).」
As a subsequent event on 23 January 2019, acquired a 44.42% stake in Vietnam's L&A INVESTMENT CORPORATION. In addition to Quattro's expansion in the UK, strengthened the business base in Vietnam. - FY2019-Q1AdvancedAnnual report
「With the Quattro Group, which complements our regional coverage, joining the Group, we expect to further strengthen our business base by providing services across England and Wales, expanding our market position in the UK and strengthening our brand. We will pursue further business expansion by strengthening the Group's presence in the UK market as the core of our European operations.」
The addition of the Quattro Group to the Group gave concrete form to providing services across England and Wales and strengthening our presence in the UK market through regional complementarity with Gap Personnel. We also newly established Trust Tech Vietnam Company Limited, broadening our overseas operating base. - FY2018-Q3AdvancedAnnual report
「During the third quarter consolidated accounting period, newly established Guangzhou Dianmi Xinke Human Resources Co., Ltd. as a joint venture and included it in the scope of equity-method application.」
Newly established Guangzhou Dianmi Xinke Human Resources Co., Ltd. as a joint venture, adding to the overseas operating base in China. - FY2018-Q2AdvancedAnnual report
「In December 2017, acquired shares of 1998 Holdings Limited, which owns a UK staffing company, and made it a consolidated subsidiary. By making 1998 Holdings Limited a subsidiary, we expected to strengthen the Group's business base in the UK.」
Made 1998 Holdings Limited, which owns the Gap Personnel Group, a consolidated subsidiary and moved the strengthening of the UK business base into the execution stage. - FY2018-Q1AdvancedAnnual report
「To expand the business with the company as the core of our Group's European operations, we will seek to conclude a final agreement covering the acquisition of shares and the underwriting of a third-party allotment.」
Positioned the Gap Personnel Group as the core of European expansion and gave concrete form to strengthening the business base in the UK. In addition, newly established Tostik Shanghai Human Resources Consulting Co., Ltd. and included it in the scope of consolidation. - FY2017RaisedAnnual report
「While retaining our traditional machinery, electrical and manufacturing fields as core businesses, our Group intends to expand into rapidly growing areas such as IoT and AI and develop operations in the global staffing market, worth approximately ¥40 trillion, centered on advanced Western countries.」
Expanded the envisioned geographic scope beyond the existing operations in Southeast Asia and the UK to the global staffing market worth approximately ¥40 trillion, centered on advanced Western countries. - FY2017-Q3RestatedAnnual report
「During the 9-month period ended [the current quarter], the performance of UK staffing company MTrec Limited, made a subsidiary in August 2016, progressed steadily. However, we recorded one-time expenses such as advisory fees associated with M&A and goodwill amortization. As a result, segment revenue for the 9-month period was ¥5,455 million (¥95 million in the same period of the previous year), and segment loss was ¥83 million (segment loss of ¥7 million in the same period of the previous year). Excluding the one-time M&A expenses, segment profit would have been ¥118 million.」
Although it states that MTrec Limited's performance progressed steadily, it does not indicate any additional expansion, such as establishing new overseas bases. - FY2017-Q2AdvancedAnnual report
「During the second quarter consolidated accounting period, newly established PT.TRUST TECH ENGINEERING SERVICE INDONESIA and included it in the scope of consolidation. During the same period, newly established Shandong Lianxin Zhida Human Resources Co., Ltd. as a joint venture and included it in the scope of equity-method application.」
Expanded the overseas operating base beyond Europe into Southeast Asia and China by establishing an Indonesian entity and a Chinese joint venture. - FY2017-Q1AdvancedAnnual report
「During the 3-month period ended [the current quarter], acquired shares of UK staffing company MTrec Limited and made it a subsidiary in August 2016, advancing the Group's medium-term growth strategy of expanding operations and establishing a business base by region.」
Executed the acquisition of MTrec Limited and gave concrete form to the region-based growth strategy centered on Europe as a core operating region. - FY2016First statedAnnual report
「The Group is considering expanding its business, including the development of recruitment services in Southeast Asia, and made the UK staffing company MTrec Limited a subsidiary on 30 August 2016.」
The Group considered expansion in Southeast Asia through its Hong Kong base and used the acquisition of MTrec Limited to advance its European expansion.