Expanding Overseas Operations and Advancing Local Procurement and Production
First written in FY2016. 23 of 29 entries say "Restated". Latest entry: FY2026.
28 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「To establish a mass-production system at the new company at an early stage, group companies will work together to support the launch, pursue stable production and quality assurance, and further promote the acquisition of new orders through capacity expansion.」
The company continues to establish a mass-production system in India and pursue region-specific initiatives in Thailand, North America and China. The Indian subsidiary remains in the preparation stage before full-scale operations begin. - 2026-09-04AdvancedGeneral Meetings of Shareholders
「The Company will promote the reconstruction of an optimally integrated global production structure.」
Measures by overseas location are specified, including establishing mass production in India, improving production efficiency in Thailand, rebuilding the supply structure in North America, and pursuing selection and concentration in China. - FY2025AdvancedAnnual report
「1. India segment: Establish a new company and establish a mass-production system. In advance of this, begin local activities to secure new orders outside the existing customer business. 2. Thailand segment: Successfully launch products for new orders involving large-scale capital investment and ensure profit generation. 3. United States segment: Secure new core customer business with a view to large-scale capital investment. 4. China segment: Accelerate management streamlining.」
The policy of expanding and localizing overseas operations has taken concrete form in region-specific initiatives: establishing a new company and a mass-production system in India, making large-scale capital investments and securing new orders in Thailand and the United States, and streamlining operations in China. The Indian subsidiary was established in June 2025. - FY2025-H1RestatedAnnual report
「① Japan Orders declined due to the return of customer business rights and production adjustments, and net sales totaled ¥4.728 billion, down 10.0% year on year. ② United States Orders declined due to production adjustments by customers, and net sales totaled ¥707 million, down 4.8% year on year. ③ Thailand Orders from customers declined, and net sales totaled ¥1.236 billion, down 3.8% year on year. ④ China Orders from customers declined, and net sales totaled ¥161 million, down 29.3% year on year.」
Orders and sales declined across all segments, including overseas operations. No new change in the policy for the overseas operations themselves was indicated. - FY2024RaisedAnnual report
「By developing and utilizing global talent to strengthen its information-gathering capabilities, the company will accelerate its full-scale entry into Global South markets, centered on India.」
The scope of overseas expansion is being broadened from strengthening and localizing existing sites to full-scale entry into Global South markets, centered on India. - FY2024-Q3RestatedAnnual report
「② United States Due to the recovery in customer orders and the impact of the yen's depreciation resulting from foreign exchange movements, net sales totaled ¥1.105 billion (up 27.9% year on year). In terms of earnings, the company worked to reduce expenses but was unable to fully cover fixed costs, resulting in an operating loss of ¥13 million (compared with an operating loss of ¥56 million in the same period of the previous year). ③ Thailand Due to increased customer orders and the impact of the yen's depreciation resulting from foreign exchange movements, net sales totaled ¥1.913 billion (up 14.0% year on year). In terms of earnings, efforts to reduce expenses resulted in operating income of ¥273 million (up 41.8% year on year). ④ China Orders declined due to the impact of production adjustments by customers, and net sales totaled ¥347 million (down 30.7% year on year). In terms of earnings, the company worked to reduce expenses, but the decline in sales resulted in an operating loss of ¥7 million (compared with operating income of ¥35 million in the same period of the previous year).」
The overseas operations are continuing. The United States recorded higher sales but an operating loss due to the recovery in orders and the yen's depreciation, Thailand recorded higher sales and operating income, and China recorded lower sales and an operating loss due to production adjustments. No new site expansion or increased production capacity was mentioned. - FY2024-Q2RestatedAnnual report
「② United States In addition to increased orders resulting from higher customer production volumes, the increase in sales resulting from foreign exchange movements lifted net sales to ¥743 million (up 28.7% year on year). In terms of earnings, the company worked to reduce expenses but was unable to cover fixed costs, resulting in an operating loss of ¥20 million (compared with an operating loss of ¥40 million in the same period of the previous year). ③ Thailand As orders increased due to higher customer production volumes, net sales totaled ¥1.284 billion (up 14.7% year on year). In terms of earnings, the increase in sales resulted in operating income of ¥198 million (up 31.2% year on year). ④ China Due to a decline in orders from customers, net sales totaled ¥229 million (down 32.3% year on year). In terms of earnings, the company was unable to cover fixed costs, resulting in an operating loss of ¥4 million (compared with operating income of ¥35 million in the same period of the previous year).」
The overseas operations are continuing. In the United States and Thailand, orders and sales increased, and Thailand recorded higher operating income, while China recorded lower sales and an operating loss due to declining orders. No milestone for a new site expansion was indicated. - FY2024-Q1RestatedAnnual report
「② United States Due to increased orders from customers and the significant depreciation of the yen resulting from foreign exchange movements, net sales totaled ¥355 million (up 20.0% year on year). ③ Thailand Due to increased orders from customers and the depreciation of the yen resulting from foreign exchange movements, net sales totaled ¥578 million (up 7.1% year on year).」
In the United States and Thailand, sales increased due to higher orders and the yen's depreciation, confirming the continued development of the overseas operations. No milestones for new site expansion or increased production capacity were indicated. - FY2023RestatedAnnual report
「The company will also strengthen cooperation among its overseas businesses with a view to the Global South.」
The policy for overseas operations is being further developed into stronger cooperation among overseas businesses with a view to the Global South. - FY2023-Q3RestatedAnnual report
「③ Thailand Orders declined slightly from the same period of the previous year due to production adjustments by customers, but the yen's depreciation resulting from foreign exchange movements lifted net sales to ¥1.678 billion, up 8.7% year on year. In terms of earnings, efforts to reduce expenses resulted in operating income of ¥192 million, up 26.7% year on year.」
At the Thailand operation, orders declined slightly, while the yen's depreciation lifted sales and operating income also increased. The overseas operations are continuing, but no milestones for new site expansion or increased production capacity were indicated. - FY2023-Q2RestatedAnnual report
「③ Thailand Orders remained firm, and net sales totaled ¥1.119 billion, up 14.7% year on year. In terms of earnings, the increase in sales resulted in operating income of ¥150 million, up 82.4% year on year.」
Orders, net sales and operating income at the Thailand operation all increased, but no milestones for new site expansion or increased production capacity were indicated. - FY2022-Q3RestatedAnnual report
「② United States Orders from customers had begun to recover compared with the same period of the previous year, when the spread of COVID-19 had a significant impact, and net sales totaled ¥752 million, up 12.6% year on year. In terms of earnings, the company worked to reduce expenses but was unable to cover fixed costs, resulting in an operating loss of ¥65 million, compared with an operating loss of ¥28 million in the same period of the previous year. ③ Thailand Orders recovered compared with the same period of the previous year, when orders declined due to the impact of the spread of COVID-19, and net sales totaled ¥1.544 billion, up 49.0% year on year. In terms of earnings, the increase in sales resulted in operating income of ¥152 million, compared with an operating loss of ¥1 million in the same period of the previous year. ④ China Orders from customers increased, and net sales totaled ¥515 million, up 38.1% year on year. In terms of earnings, the increase in sales resulted in operating income of ¥43 million, compared with an operating loss of ¥1 million in the same period of the previous year.」
In the United States, Thailand and China, orders and sales recovered from the same period of the previous year. Thailand and China returned to operating profitability, while the United States continued to post an operating loss. The overseas operations are continuing, but no new expansion milestone was indicated. - FY2022-Q2RestatedAnnual report
「Orders had begun to recover compared with the same period of the previous year, when COVID-19 had a significant impact, but due in part to the impact of the semiconductor shortage, net sales totaled ¥507 million, up 24.0% year on year.」
At the US operation, orders and sales recovered from the same period of the previous year, while the impact of the semiconductor shortage continued. No new site expansion or equipment completion was mentioned. - FY2022-Q1RestatedAnnual report
「② United States Orders recovered compared with the same period of the previous year, when production was temporarily halted due to the spread of COVID-19, and net sales totaled ¥280 million, up 138.8% year on year.」
Orders and sales at overseas sites, including the United States, have recovered from the same period of the previous year. No milestones for new site expansion or equipment completion were indicated. - FY2021RestatedAnnual report
「To establish a high-value-added production system using optimal equipment in the best locations, the company will pursue the following overseas strategies: first, localization and the introduction of optimal equipment to improve the profitability of overseas sites; second, strengthening the domestic support system for overseas sites; and third, strengthening the recruitment and development of human resources.」
The company continues to pursue global expansion through localization and optimal equipment at overseas sites, domestic support, and the recruitment and development of human resources. - FY2021-Q3RestatedAnnual report
「② United States Orders from customers had begun to recover, but due to the impact of temporary production stoppages caused by the spread of COVID-19, net sales totaled ¥668 million, down 27.0% year on year. In terms of earnings, the company worked to reduce expenses, but the decline in sales resulted in an operating loss of ¥28 million, compared with an operating loss of ¥8 million in the same period of the previous year. ③ Thailand Due to the impact of the spread of COVID-19, net sales totaled ¥1.036 billion, down 31.0% year on year, as exports of products from Thailand declined. In terms of earnings, the company worked to reduce costs through lower production costs, but the decline in sales resulted in an operating loss of ¥1 million, compared with operating income of ¥35 million in the same period of the previous year. ④ China Orders from customers were on a recovery trend, and net sales totaled ¥373 million, up 33.4% year on year. In terms of earnings, although sales increased, they were not sufficient to cover fixed costs, resulting in an operating loss of ¥1 million, compared with an operating loss of ¥22 million in the same period of the previous year.」
At the overseas operations, the United States and Thailand recorded lower sales and operating losses, while China continued to post an operating loss despite higher sales. The overseas operations are continuing, but no milestones for new site expansion or increased production capacity were indicated. - FY2020RestatedAnnual report
「Focus on and investment in high-value-added production using optimal equipment in the best locations」
The company is reaffirming its policy of optimizing domestic and overseas sites and pursuing high-value-added production, including overseas localization and the introduction of optimal equipment. - FY2020-Q1RestatedAnnual report
「Orders remained firm, driven by increased exports to the United States and other factors, and net sales totaled ¥538 million, up 3.7% year on year.」
Exports to the United States from the Thailand operation increased, confirming firm trends in orders and sales. No milestone for a new site expansion was indicated. - FY2019RestatedAnnual report
「Focus on and investment in high-value-added production using optimal equipment in the best locations across the domestic and overseas group」
The optimization of domestic and overseas sites is being reorganized around a focus on and investment in high-value-added production using optimal equipment in the best locations. - FY2019-Q3RestatedAnnual report
「Driven by increased exports to the United States and higher domestic orders, net sales totaled ¥1.706 billion, up 10.4% year on year.」
At the Thailand operation, exports to the United States and domestic orders increased, confirming the continued development of the overseas operations. No completion of a new site expansion or similar milestone was indicated. - FY2019-Q2RestatedAnnual report
「Orders remained solid due in part to increased exports from Thailand, and net sales were ¥1,122 million, up 10.7% year on year.」
The company has confirmed continued business expansion at its overseas base through increased exports from Thailand and growth in orders and sales. No new milestones for plant expansion or related projects were presented. - FY2018RestatedAnnual report
「Against this backdrop, our group is pursuing global expansion, including strengthening development capabilities through technological development, optimizing domestic and overseas bases and strengthening management systems, in order to supply superior products and meet customer needs. We will work flexibly and swiftly on the following priority measures to strengthen the business.」
The company has reaffirmed global expansion, including technological development, optimization of domestic and overseas bases and stronger management systems, as a priority initiative. - FY2018-Q3RestatedAnnual report
「Net sales were ¥1,546 million, up 11.0% year on year, due in part to the impact of increased production in Thailand, where the economy is recovering.」
The company has confirmed business expansion at its overseas base, including increased production in Thailand, but no milestones for new plant expansion or equipment completion were reported. - FY2018-Q2RestatedAnnual report
「Net sales were ¥1,014 million, up 9.0% year on year, due in part to the recovery in exports from Thailand and the trend toward increased production in Thailand.」
The company has confirmed business expansion at its overseas base, including the recovery in Thailand’s exports and the trend toward increased domestic production, but has not presented any new milestones for base expansion or equipment completion. - FY2017AdvancedAnnual report
「Capital investment of ¥182 million for the expansion of the plant and related projects at Thai Mitchi Corporation Ltd.」
The company specifically reported an investment of ¥182 million in the expansion of the Thai plant and related projects, indicating progress in expanding its overseas production base through actual investment. - FY2017-Q3RestatedAnnual report
「This change is being made to present the results of our operating activities more appropriately, following the expansion of production and sales activities at overseas consolidated subsidiaries, which increased royalties received as consideration for our technical support, and the completion of an overseas subsidiary’s plant expansion and increase in production capacity during the first quarter of the current consolidated fiscal period. We determined that royalties received are also expected to continue increasing.」
The company has reiterated the expansion of production and sales activities at overseas subsidiaries and the completion of plant expansion, but has not presented any new milestones for base expansion during the quarter. - FY2017-Q2RestatedAnnual report
「This change is being made to present the results of our operating activities more appropriately, following the expansion of production and sales activities at overseas consolidated subsidiaries, which increased royalties received as consideration for our technical support, and the completion of an overseas subsidiary’s plant expansion and increase in production capacity during the first quarter of the current consolidated fiscal period. We determined that royalties received are also expected to continue increasing.」
The company has reaffirmed the expansion of production and sales activities at overseas subsidiaries and the completion of plant expansion, but has not presented any new milestones for further base expansion. - FY2017-Q1AdvancedAnnual report
「During the first quarter of the current consolidated fiscal period, expansion of an overseas subsidiary’s plant was completed and production capacity was increased.」
The company reported specific progress in expanding its overseas bases through the completion of an overseas subsidiary’s plant expansion and the resulting increase in production capacity. - FY2016First statedAnnual report
「Against this backdrop, our group is pursuing global expansion, including technological development, expansion of overseas bases and stronger management systems, in order to supply stable, high-quality products at low prices and meet customer needs both in Japan and overseas. As the Mitsuchi Group, we will work flexibly and swiftly on the following priority measures to strengthen the business.」
The company has outlined a policy of expanding overseas bases, premised on declining domestic production and progress in local procurement and production overseas.