Establishing a Business Base in China through the Acquisition of 青島新綻紡貿易有限会社 and 青島新嘉程貿易有限会社
First written in FY2018-Q2. 10 of 14 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2026-H1.
1 other company's latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「Qingdao Xinzhanfang Trading Co., Ltd. achieved a substantial increase in sales, mainly due to the rapid expansion of recovery-wear sales.」
At Xinzhanfang, the China business base, the rapid expansion of recovery-wear sales is driving a substantial increase in sales. - FY2023-Q3AdvancedAnnual report
「Qingdao Xinjiacheng Home Textile Co., Ltd. Factory (Shandong Province, China) Product planning-related business Leased assets (Factory) 69,465 69,465 June 2023」
Qingdao Xinjiacheng Home Textile Co., Ltd., the Company's Chinese subsidiary, moved to the stage of leasing a new factory with a book value of ¥69.465 million from June 2023. - FY2022-Q3RestatedAnnual report
「As orders at the Company's Chinese subsidiary, Qingdao Xinzhanfang Trading Co., Ltd., remained strong, both sales and profit increased substantially year on year.」
Strong order levels at Qingdao Xinzhanfang, the China business base, continued and contributed to higher sales and profit in the Product Planning-Related Business. - FY2022-Q2AdvancedAnnual report
「As orders at the Company's Chinese subsidiary, Qingdao Xinzhanfang Trading Co., Ltd., grew steadily, both sales and profit increased substantially year on year.」
Steady growth in orders at Qingdao Xinzhanfang Trading Co., Ltd., the China business base, contributed to higher sales and profit in the Product Planning-Related Business. - FY2020AdvancedAnnual report
「April 2020: Additional acquisition of shares in the overseas subsidiary Qingdao Xinzhanfang Trading Co., Ltd.」
The Company made an additional acquisition of shares in Qingdao Xinzhanfang, bringing its voting rights ownership ratio to 95.56%. The Company is strengthening its ownership interest in its China business base. - FY2020-Q3RestatedAnnual report
「In the Product Planning-Related Business, sales increased substantially by 36.5% year on year, driven by deliveries being concentrated in the second half due to the impact of COVID-19 and by the expansion of orders resulting from Xinzhanfang's acquisition of new customers.」
The Company has reconfirmed that, at Xinzhanfang, the expansion of orders resulting from new customer acquisitions and strong sales of the main products contributed to higher sales in the Product Planning-Related Business. - FY2020-Q2AdvancedAnnual report
「In the Product Planning-Related Business, sales of the main products were sluggish because delivery schedules for furniture and bedding, the products handled by the main sales channel, were adjusted due to the impact of COVID-19. However, sales increased because bedding sales at Xinzhanfang grew substantially, among other factors.」
At Xinzhanfang, the China business base, a substantial increase in bedding sales contributed to higher sales in the Product Planning-Related Business. - FY2020-Q1RestatedAnnual report
「In the Product Planning-Related Business, Qingdao Xinzhanfang Trading Co., Ltd. has moved from the start-up phase to the harvesting phase and is experiencing steady sales growth.」
Xinzhanfang has been positioned as having moved from the start-up phase to the harvesting phase, while continuing to post steady sales growth. - FY2019-Q3AdvancedAnnual report
「The expansion of orders resulting from the acquisition of new customers by Xinzhanfang contributed to sales, which increased substantially by 67.4% year on year.」
At Xinzhanfang, the expansion of orders resulting from the acquisition of new customers contributed to sales, and sales in the Product Planning-Related Business increased 67.4% year on year. - FY2019-Q2AdvancedAnnual report
「Qingdao Xinzhanfang Trading Co., Ltd., which was added to the scope of consolidation from the third quarter of the previous consolidated fiscal year, contributed to both sales and profit as sales to new customers performed well. It is expected to continue contributing to sales and profit from the following quarter onward.」
Xinzhanfang has progressed to contributing to profit as well as sales, with further contributions expected from the following quarter onward. - FY2019-Q1AdvancedAnnual report
「Although Xinzhanfang contributed to sales, its contribution to profit is expected from the following quarter onward because expenses for acquiring new customers and developing new products associated with new orders were recorded.」
Xinzhanfang has begun contributing to sales, and is at the stage where a contribution to profit is expected from the following quarter onward. - FY2018AdvancedAnnual report
「Qingdao Xinzhanfang Trading Co., Ltd., which was added to the scope of consolidation from the third quarter of the current consolidated fiscal year, has also contributed to higher sales and is growing steadily.」
Following the acquisition and consolidation of Xinzhanfang and Xinjiacheng, consolidation into the statements of income has begun, and they have progressed to contributing to higher sales. - FY2018-Q3AdvancedAnnual report
「From the second quarter of the current consolidated fiscal year, the Company acquired shares in Xinzhanfang and included it and its subsidiary, Xinjiacheng, in the scope of consolidation. Their business is included in the Product Planning-Related Business reporting segment. However, because the deemed acquisition date was the end of the second quarter of the current consolidated fiscal year, their statements of income have been consolidated from the nine-month period of the current fiscal year.」
The acquired Xinzhanfang and Xinjiacheng have been included in the scope of consolidation, and the Company is moving to the stage of beginning to consolidate their statements of income from the nine-month period of the current fiscal year. - FY2018-Q2First statedAnnual report
「Pursuant to a resolution of the Board of Directors dated 15 September 2017, the Company acquired 77.78% of the issued shares of Qingdao Xinzhanfang Trading Co., Ltd. On 3 April 2018, the Company completed the procedures required under Chinese laws, regulations and licensing requirements, and acquired the shares on 11 April 2018. The purpose was to establish a business base for the Group in China by adding the know-how of the Company's EC marketing business, which promotes cross-border e-commerce.」
The Company acquired 77.78% of the voting rights of Qingdao Xinzhanfang and included its subsidiary, Qingdao Xin Jia Cheng, in the scope of consolidation. The acquisition price was ¥119.455 million and provisional goodwill was ¥19.439 million. The purpose of the acquisition was to establish a China business base by adding expertise in cross-border e-commerce.