Structural Reform of Overseas Subsidiaries
First written in FY2020. 2 of 5 entries say "Advanced", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2022: 2 of 9 companies on the "Worse" side.
15 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「From April 2025, the infant formula business will change from the manufacturing division of Snow Brand Australia Co., Ltd. to a joint venture with Bega, as the company advances its fabless model.」
The company is advancing structural reform of its overseas subsidiaries through the fabless conversion of its Australian infant formula manufacturing division, optimization of its production system in Indonesia, and preparations to commence operations at a cheese plant in Vietnam. - FY2024AdvancedAnnual report
「Overseas, we will establish a local subsidiary in Vietnam as a new base in Asia, our group’s strategic region comprising Southeast Asia, East Asia and Oceania, to further strengthen the expansion of our overseas business.」
The company is progressing from a focus on structural reform of overseas subsidiaries to expanding its overseas business with Vietnam as a new base in Asia. - FY2023ReframedAnnual report
「Specifically, we will work on entering the plant-based food market, developing products with added functionality, and strengthening our overseas expansion as important strategic priorities.」
The company has shifted from a focus on structural reform of overseas subsidiaries to a plan to promote stronger overseas expansion as a new growth area. - FY2021RestatedAnnual report
「Structural reform and strategic expansion of the overseas infant formula business」
The company continues to pursue structural reform of its overseas subsidiaries and overseas infant formula business as a business-structure reform initiative under Group Medium-Term Management Plan 2022. - FY2020First statedAnnual report
「Structural Reform of Overseas Subsidiaries」
The company has, for the first time, explicitly identified structural reform of overseas subsidiaries as one of the business-structure reform initiatives under Group Medium-Term Management Plan 2022.