Establishing a Structure to Expand the Cross-Border E-Commerce Business in China
First written in FY2016-Q2. 9 of 16 entries say "Advanced", first in FY2016-Q3. Latest entry: FY2021-Q2.
2 other companies' latest entry also says "Restated".
- FY2021-Q2RestatedAnnual report
「The company plans to actively continue its cross-border e-commerce business based on 新綻紡社 and other operations in China.」
We have reaffirmed our policy of continuing the operating structure for the cross-border e-commerce business based at China's 新綻紡社 and other locations. - FY2020AdvancedAnnual report
「青島新綻紡貿易有限会社 is growing into a company engaged in the development, production and sale of textile products, as well as trading. We will add to it the know-how from our e-commerce marketing business, through which we promote our cross-border e-commerce business, and establish it as our group's business base in China.」
We continue to position China's 新綻紡社 as the business base for our cross-border e-commerce and product planning operations, and describe the company's business growth. - FY2020-Q2RestatedAnnual report
「Genepa Vietnam commenced factory operations during the second-quarter consolidated accounting period. It is expected to establish a structure for expanding production and contribute to revenue and profits from the following quarter onward.」
We have reaffirmed the expected contribution of the new overseas base, the Vietnam factory, to sales and profit from the following quarter onward after the start of operations. - FY2020-Q1AdvancedAnnual report
「Genepa Vietnam completed its establishment at the end of October 2019, and factory operations began in January 2020. It is expected to establish the necessary structure to expand production and contribute to revenue and profits going forward.」
The overseas business structure is progressing from the establishment of a subsidiary in Vietnam to the start of factory operations, making a production and business base in addition to the China base more concrete. - FY2019AdvancedAnnual report
「In October 2019, Genepa Vietnam Co., Ltd. was established in Vietnam as an overseas base capable of importing raw materials, exporting products, and planning, manufacturing, assembling, and inspecting wood products.」
With respect to the operating structure for our overseas business, we are establishing a subsidiary in Vietnam and building a new overseas base in addition to our base in China. - FY2019-Q3AdvancedAnnual report
「The company plans to actively continue its cross-border e-commerce business, based on 新綻紡社 in China and a subsidiary scheduled to be established in Vietnam.」
The operating structure for the cross-border e-commerce business is expanding toward a plan to use a subsidiary scheduled to be established in Vietnam, in addition to the base in China. - FY2018AdvancedAnnual report
「The newly consolidated subsidiary, 青島新綻紡貿易有限会社, is growing into a company engaged in the development, production and sale of textile products, as well as trading. We will add to it the know-how from our e-commerce marketing business, through which we promote our cross-border e-commerce business, and establish it as our group's business base in China.」
We are moving toward a structure that uses 青島新綻紡社 as our business base in China and adds our cross-border e-commerce expertise. - FY2018-Q3RestatedAnnual report
「There has been no change in the policy of actively continuing the expanding cross-border e-commerce business with the cooperation of CP Group, a shareholder.」
We have reaffirmed our policy of continuing the operating structure for the cross-border e-commerce business with the support of CP Group. - FY2018-Q2AdvancedAnnual report
「There has been no change in the policy of actively continuing the overseas e-commerce marketing business, including the cross-border e-commerce business, by utilizing 新綻紡社, which has newly become a consolidated subsidiary, together with the cooperation of CP Group, a shareholder.」
We are establishing a structure to consolidate China's 新綻紡社 as a subsidiary and use it as the operating base for the cross-border e-commerce business. - FY2018-Q1RestatedAnnual report
「There is no change to our policy of continuing to actively expand the cross-border e-commerce business with the support of shareholder CP Group.」
We have reaffirmed our policy of continuing the cross-border e-commerce business structure and operations with the support of CP Group. - FY2017-Q3Progress delayAnnual report
「However, changes to the operating entity in the Shanghai special economic zone and intensifying price competition in BtoB sales have delayed progress toward the sales revenue initially planned, and an inventory write-down has been recorded for some products.」
Changes to the operating entity in the Shanghai special economic zone and intensifying price competition in BtoB sales have delayed progress toward the initial sales plan for the cross-border e-commerce business. - FY2017-Q2RestatedAnnual report
「With respect to our overseas business strategy, we continue to address the various regulations and other measures announced by the Chinese authorities in April 2016, taking conditions on the ground into account.」
We continue to address the Chinese authorities' regulations and other measures, taking conditions on the ground into account. - FY2017-Q1AdvancedAnnual report
「As part of its efforts in the growing cross-border e-commerce market, the company worked to build its operating base by expanding product offerings on KJT.com, an existing bonded-zone cross-border e-commerce site operated by the Shanghai municipal government, and Yangtaopai, a direct-trade cross-border e-commerce site operated by MOBILE NAVI BEIJING CO., LTD. It also made a test entry into Taobao, a major Chinese platform.」
The company is developing its cross-border e-commerce platform by expanding product offerings on KJT.com and Yangtaopai and making a test entry into Taobao. - FY2016AdvancedAnnual report
「In addition to the above model, the group focused on building a structure to sell high-quality Japanese products directly overseas while minimizing inventory risk. It invested in MNC, based in Beijing, and entered the direct-trade cross-border e-commerce site Yangtaopai operated by MNC. Development of the app was delayed by the impact of tax changes and other factors, resulting in its release near the end of the fiscal period. Consequently, its impact on revenue for the current period was minor, although it is expected to contribute to revenue from the following fiscal year onward.」
The company invested in MNC and entered Yangtaopai, progressing as far as a release near the end of the fiscal period. However, the delay in app development made its contribution to current-period revenue minor. - FY2016-Q3AdvancedAnnual report
「In its overseas e-commerce marketing business, the company focused on gathering information and rebuilding its operating structure in response to various e-commerce regulations announced by the Chinese authorities in April 2016. It also entered into a capital and business alliance with MOBILE NAVI BEIJING CO., LTD, advanced investment in the launch of Yangtaopai, a new cross-border e-commerce marketplace, and worked to establish a new cross-border e-commerce framework at an early stage.」
In addition to gathering information on Chinese regulations and rebuilding its operating structure, the company entered into a capital and business alliance with MNC and invested in the launch of Yangtaopai. The planned acquisition was 4.4 million shares, resulting in a 14.96% voting interest after the acquisition. - FY2016-Q2First statedAnnual report
「Although China's cross-border e-commerce market continued to grow, the company focused on building the structure needed for the continued expansion of its China cross-border e-commerce business in response to various regulations announced by the Chinese authorities in April 2016.」
The company is responding to regulations and other measures imposed by the Chinese authorities and building the structure needed to expand the cross-border e-commerce business continuously.