Procurement and sale of vehicles and agricultural machinery by the Cambodian subsidiary
First written in FY2017. 11 of 23 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AdvancedAnnual report
「The company transferred all issued shares of its consolidated subsidiary RENET JAPAN (CAMBODIA) CO.,LTD. to an individual who operates a public relations business in Japan and plans to develop an investment business overseas, and excluded RJC from the scope of consolidation.」
The company is moving concretely from a growth and expansion policy for its vehicle sales finance business in Cambodia to transferring all shares of RJC and excluding it from the scope of consolidation. - FY2025-H1ReframedAnnual report
「The company transferred all issued shares of its consolidated subsidiary RENET JAPAN (CAMBODIA) CO.,LTD. to an individual who operates a public relations business in Japan and plans to develop an investment business overseas, and excluded RJC from the scope of consolidation.」
The company has shifted its policy from expanding the vehicle sales finance business through its Cambodian subsidiary to transferring all shares of RJC and excluding it from the scope of consolidation. - FY2023-Q3RestatedAnnual report
「The company is currently addressing its other businesses in Cambodia, including vehicle installment sales, microinsurance and vehicle leasing, on the premise that each will be liquidated or transferred to a third party.」
The company continues to address its vehicle installment sales, leasing and other businesses in Cambodia on the premise of liquidation or transfer to a third party rather than business expansion. - FY2023-Q1ReframedAnnual report
「In the vehicle installment sales business, the company formally decided in the previous fiscal year to withdraw from the business. It has also continued to take a restrained approach to the vehicle leasing business and other businesses, monitoring the business environment, including the impact of COVID-19, as it did in the previous fiscal year, and will consider contraction and other measures based on a review of its strategy.」
Following its withdrawal from vehicle installment sales, the company is shifting its focus toward a restrained approach to the vehicle leasing business and other businesses, as well as considering contraction. - FY2022ReframedAnnual report
「The company has decided to formally withdraw from the vehicle sales and installment finance businesses operated in Cambodia from the fiscal year ending September 2023 onward, having frozen new sales and lending since 2020, and will further accelerate the collection of remaining receivables.」
The company has shifted its policy from expanding vehicle sales and installment finance as growth businesses to formally withdrawing from them from the fiscal year ending September 2023 onward and collecting remaining receivables. - FY2022-Q3RestatedAnnual report
「This business was launched together with JICA to support agriculture in Cambodia as part of the company's social contribution activities, using its expertise in Japan's reuse business to utilize used agricultural machinery from Japan in Cambodia.」
The company is reaffirming the background to its agricultural support business in Cambodia, which uses used agricultural machinery from Japan and expertise in the reuse business. - FY2022-Q1RestatedAnnual report
「In the vehicle sales business, the company continued to freeze new transactions, as in the previous fiscal year, and focused on collecting operating receivables that were subject to a special loss recognized in the fiscal year ended September 2020, consisting of an allowance for doubtful accounts based on a discretionary valuation. As a result, it was able to substantially reduce both the receivables balance and the allowance for doubtful accounts.」
The company states that it continued to freeze new transactions and collect existing receivables in the vehicle sales business, substantially reducing the receivables balance and allowance for doubtful accounts. - FY2021AdvancedAnnual report
「This was prompted by the launch of a business model using used agricultural machinery from Japan in Cambodia, drawing on the company's expertise in the reuse business, as part of an SDG (Sustainable Development Goals) business conducted in cooperation with JICA to support the development of agricultural productivity in Cambodia.」
The company's plan for vehicle- and agricultural machinery-related businesses in Cambodia has taken concrete shape through the launch of an agricultural productivity support model using used agricultural machinery from Japan in cooperation with JICA. - FY2021-Q3RestatedAnnual 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 operates four businesses in Cambodia: vehicle sales, leasing, microfinance and overseas placement of workers, and is reaffirming its involvement in international cooperation activities with the government and JICA. - FY2021-Q2ReframedAnnual report
「As a short-term recovery in the vehicle sales and leasing market cannot be expected due to the impact of COVID-19, the company continues to freeze new business activities and collect receivables.」
The focus has shifted from expanding the vehicle sales and leasing business to freezing new business activities and collecting receivables. - FY2021-Q1AdvancedAnnual report
「The Group had jointly acquired all shares of MOBILITY FINANCE (CAMBODIA) PLC. with SBI Holdings, Inc. To accelerate decision-making and further enhance strategic flexibility, the Group acquired all shares held by SBI Holdings, Inc. (49%).」
The Group acquired an additional 49% stake in MOBILITY FINANCE (CAMBODIA) PLC. held by SBI Holdings and is seeking to accelerate decision-making and improve strategic flexibility. - FY2020Business contraction through the suspension of new lending and repayment reschedulingAnnual report
「In the second half, the impact of the spread of COVID-19 also became apparent in the Kingdom of Cambodia, and the outlook for economic conditions was uncertain. As a result, the company suspended new lending and responded to requests from the National Bank of Cambodia to reschedule repayments, leading to a substantial decline in sales in both businesses.」
The company suspended new lending in the vehicle installment sales and leasing businesses and responded to requests for repayment rescheduling, resulting in a substantial decline in sales. - FY2020-Q3Tighter Credit Screening and Lower New Business VolumeAnnual report
「The vehicle sales and leasing businesses tightened credit screening in anticipation of increased risks as the impact of the spread of COVID-19 became apparent in the Kingdom of Cambodia, resulting in lower new business volume.」
In anticipation of increased risks from COVID-19, the company tightened its credit screening, resulting in a decline in new business volume for vehicle sales and leasing. - FY2020-Q2ReframedAnnual report
「Although the vehicle sales and microfinance businesses remained firm, the segment reported operating revenue of ¥1.344137 billion, down 43.6% year on year, and segment profit of ¥42.796 million, down 83.8%, due to the shift from installment sales to leasing and the gradual emergence of the impact of the spread of COVID-19 in the Kingdom of Cambodia.」
In the overseas business, the shift from installment sales to leasing progressed while the impact of the spread of COVID-19 became apparent. - FY2020-Q1AdvancedAnnual report
「During the first quarter consolidated accounting period, the Company acquired shares of Mobility Finance Cambodia Plc. and Prévoir (Kampuchea) Micro Life Insurance Plc. and made them consolidated subsidiaries.」
In Cambodia's financial businesses, the Company acquired shares of Mobility Finance Cambodia Plc. and Prévoir (Kampuchea) Micro Life Insurance Plc. and made them consolidated subsidiaries. - FY2019AdvancedAnnual report
「Cumulative vehicle sales in the fiscal year ended September 2019 reached 855 units, steadily increasing to approximately 1.8 times the 576 units sold in the fiscal year ended September 2018.」
Vehicle sales in Cambodia increased from 576 units to 855 units. In October 2019, the Company acquired ELIN LEASING PLC. and launched its leasing business after obtaining approval from the National Bank of Cambodia. - FY2019-Q3AdvancedAnnual report
「Against this backdrop, driven in part by the steady expansion of the vehicle sales business, the segment reported operating revenue of ¥3.517010 billion, up 512.9% year on year, and operating profit of ¥395.834 million, up 713.4%.」
The vehicle sales business expanded in Cambodia, resulting in operating revenue of ¥3.517010 billion and operating profit of ¥395.834 million. - FY2019-Q2AdvancedAnnual 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 Cambodian business continues to operate 4 businesses and participate in international cooperation activities with the government and JICA. During the cumulative second-quarter period, it reported operating revenue of ¥2.381531 billion and operating profit of ¥264.183 million. - FY2019-Q1AdvancedAnnual 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 states that its Cambodian business has expanded into 4 operations—vehicle sales, leasing, microfinance and personnel placement—and is also participating in international cooperation activities with the government and JICA. - FY2018-Q3AdvancedAnnual report
「This segment also includes the Cambodian finance business as an overseas reuse business. The business grew substantially, reporting revenue of ¥573.834 million, up 1,134.4% year on year, and achieved profitability as a subsegment.」
Revenue from the Cambodian finance business increased 1,134.4% year on year to ¥573.834 million, and the business continued to be profitable as a subsegment. - FY2018-Q2AdvancedAnnual report
「This segment also includes the Cambodian finance business as an overseas reuse business. The business grew substantially, reporting revenue of ¥307.611 million, up 804.0% year on year, and achieved profitability as a subsegment.」
The Cambodian finance business reported revenue of ¥307.611 million, up 804.0% year on year, and achieved profitability as a subsegment. - FY2018-Q1AdvancedAnnual report
「This segment also includes the Cambodian finance business as an overseas reuse business. The business grew substantially, reporting revenue of ¥89.282 million, up 1,734.0% year on year, and achieved profitability as a subsegment. Following the Company's previously announced preparations to establish a leasing company with SBI Holdings, Inc. for used automobiles and other vehicles as the first phase of its finance business, the Company has now entered into a share transfer agreement to acquire shares from a major shareholder of Chamroeun Microfinance Plc., a social microfinance institution, and make the company a subsidiary as the second phase of its finance business.」
The Cambodian finance business reported revenue of ¥89.282 million, up 1,734.0% year on year, and achieved subsegment profitability. The Company is also expanding its finance business following preparations to establish a leasing company for used automobiles and other vehicles. - FY2017First statedAnnual report
「The Company resolved to establish a company that purchases and sells vehicles, including automobiles and agricultural machinery, in coordination with its finance business.」
The Company disclosed for the first time a plan to establish a wholly owned subsidiary in Cambodia with capital of US$1 million, scheduled for January 2018, to purchase and sell automobiles, agricultural machinery and other vehicles.