Building the “Shinwa Catcher” Brand in Southeast Asia
First written in FY2018. 2 of 7 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2026.
Shinwa moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2023: 3 of 23 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2026SoftenedAnnual report
「December 2025 Liquidation of 広東日信創富建築新材料有限公司」
The liquidation of the Chinese joint venture is noted, reducing the operating base for overseas expansion centered on China. - FY2023SoftenedAnnual report
「In light of the downturn in China’s real estate and construction markets, the company believes that increasing sales in its target overseas markets will be difficult for the time being.」
Although the policy of overseas expansion centered on China remains in place, the company indicated that increasing overseas sales will be difficult for the time being because of the downturn in China’s real estate and construction markets. - FY2022RestatedAnnual report
「Overseas business expansion, beginning with the current China joint venture and extending to Southeast Asia and other regions」
The company continues its overseas strategy of expanding into Southeast Asia and other regions, starting with the China joint venture. - FY2021-Q2AdvancedAnnual report
「The newly established Chinese manufacturing subsidiary, 広東日信創富建築新材料有限公司, was delayed in getting up and running following the spread of COVID-19, but began manufacturing and sales in June this year.」
In China, the manufacturing subsidiary established in November 2019 began manufacturing and sales in June 2020 after a delayed launch, marking tangible progress in the business. - FY2020-Q3AdvancedAnnual report
「As the company newly established 広東日信創富建築新材料有限公司 on 27 November 2019, it has included the company in the scope of consolidation.」
For expansion into the Chinese market, 広東日信創富建築新材料有限公司 was established on 27 November 2019 and added to the scope of consolidation. - FY2019RaisedAnnual report
「The company will continue developing the system scaffolding market in China and Southeast Asia, where business opportunities are expanding, and focus on acquiring new customers.」
The scope of overseas expansion is widening, as China has been explicitly identified as a target region in addition to the company’s existing Southeast Asian operations, and entry into the Chinese market through a joint venture is planned. - FY2018First statedAnnual report
「The company will continue building the “Shinwa Catcher” brand in Southeast Asia, where business opportunities are expanding, and focus on developing new customers.」
The company cites the opening of a sales office in the Philippines and the start of manufacturing at a partner plant in Vietnam as specific initiatives for overseas expansion.