Expansion of the financial services business through the acquisition of a Cambodian microfinance institution
First written in FY2018-Q1. 8 of 13 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AchievedAnnual report
「Transfer of all shares of CHAMROEUN MICROFINANCE PLC.」
The company's withdrawal from its policy of acquiring and expanding microfinance institutions was confirmed in its annual disclosure through the transfer of all shares in August 2024, and the company has been excluded from the scope of consolidation. - FY2023-Q3ReframedAnnual report
「In line with this policy, at a meeting of the Board of Directors held on 29 June 2023, the company resolved to transfer all issued shares of its consolidated subsidiary CHAMROEUN MICROFINANCE PLC., which operates a microfinance business in the Kingdom of Cambodia, to Gojo & Company, Inc. and others, and entered into a share transfer agreement with Gojo & Company, Inc. on the same date.」
The company has shifted from a policy of acquiring and expanding microfinance institutions to a policy of transferring all shares of Chamroeun to a third party and has entered into a share transfer agreement. - FY2022-Q3RestatedAnnual report
「The microfinance business operates in line with the basic policy of the BoP (Base of the economic Pyramid) business, providing small loans and business funding that supports livelihoods to low-income and vulnerable people, and has achieved a certain degree of business expansion.」
The company is reaffirming its policy of providing funding to low-income groups through small loans and its achievement of a certain degree of business expansion. - FY2022-Q1RestatedAnnual report
「The microfinance business operates conservatively in line with the basic policy of the BoP (Base of the economic Pyramid) business, which is to provide small loans and business funding that supports livelihoods to low-income and vulnerable people. While continuing conservative operations in light of the impact of COVID-19, the company has achieved a certain degree of business expansion.」
The company is reaffirming the microfinance business's policy of providing small loans to low-income groups, operating conservatively and achieving a certain degree of business expansion. - FY2021-Q3RestatedAnnual report
「Meanwhile, by diversifying its portfolio, the microfinance business has increased its loan balance while keeping its delinquency rate more stable than the industry average, contributing to the rebuilding of the lives of low-income Cambodians and leading Cambodia's finance business.」
The company is reaffirming its policy of operating the microfinance business through portfolio diversification, growth in the loan balance and stabilization of the delinquency rate. - FY2021-Q2RestatedAnnual report
「Meanwhile, by diversifying its portfolio, the microfinance business has increased its loan balance while keeping its delinquency rate more stable than the industry average, contributing to the rebuilding of the lives of low-income Cambodians and leading Cambodia's finance business.」
The company is reaffirming its policy of operating the microfinance business through portfolio diversification, growth in the loan balance and stabilization of the delinquency rate. - FY2021-Q1AdvancedAnnual report
「Meanwhile, by diversifying its portfolio, the microfinance business has increased its loan balance while keeping its delinquency rate highly stable, well below industry levels. It is helping low-income Cambodians rebuild their lives and leading Cambodia's finance business.」
The company states that it is increasing its loan balance while diversifying its portfolio and maintaining a stable delinquency rate. - FY2020-Q3RestatedAnnual report
「The microfinance business remained solid as the company continued to pursue financial inclusion for low-income groups.」
The company is reaffirming that its microfinance business remained solid while pursuing financial inclusion for low-income groups. - FY2020-Q2RestatedAnnual report
「It currently operates four businesses—vehicle sales, leasing, microfinance, and overseas worker placement—and also participates in international cooperation activities in Cambodia, working with the Cambodian and Japanese governments and JICA, primarily in human-resource development.」
The company is reaffirming its operation of four businesses in Cambodia and its involvement in international cooperation activities with the government and JICA. - FY2020-Q1RestatedAnnual report
「It currently operates four businesses—vehicle sales, leasing, microfinance, and overseas worker placement—and also participates in international cooperation activities in Cambodia, working with the Cambodian and Japanese governments and JICA, primarily in human-resource development.」
The company is reaffirming its operation of four businesses in Cambodia: vehicle sales, leasing, microfinance and overseas placement of workers. - FY2019RestatedAnnual report
「The company had 21 sales outlets in Cambodia as of the end of September 2019, and further growth was expected in Cambodia, where demand for microfinance is high.」
The company is reaffirming its business base of 21 outlets following the acquisition of CHAMROEUN MICROFINANCE PLC. and its policy of growing the microfinance business. - FY2019-Q1AchievedAnnual report
「Operating receivables increased following the acquisition of CHAMROEUN MICROFINANCE PLC. as a subsidiary.」
The company identifies the completed acquisition of Chamroeun Microfinance Plc. as a subsidiary, which had been planned previously, as a factor behind the increase in operating receivables. - FY2018-Q1First statedAnnual report
「The company determined that the acquisition would enable it to accelerate and expand its finance business by leveraging Chamroeun's network of 21 branches throughout Cambodia, approximately 200 employees and approximately 24,000 customer accounts, in close coordination with the leasing company being prepared for establishment.」
On 13 February 2018, the company entered into an agreement to acquire shares from the major shareholders of Chamroeun Microfinance Plc. and first announced its plan to make the company a subsidiary. The post-acquisition ownership ratio was to be 90.0%, with the share transfer scheduled for August 2018; the acquisition price was undisclosed. Based on approximately five years of experience in Cambodia's BOP business, the company planned to pursue automotive- and finance-related businesses and expand its finance business in coordination with a leasing company for used automobiles and other vehicles that was under preparation.