Expanding Global Operations
First written in FY2016. 12 of 34 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 5 of 62 companies on the "Worse" side.
45 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Strengthen production and sales systems in emerging markets such as India and Brazil, where growth is expected, and promote global business expansion.」
In addition to the existing overseas-base strategy, the company clearly states its intention to strengthen production and sales systems in emerging markets such as India and Brazil. - FY2026-H1AdvancedAnnual report
「In the overseas business from January to June 2025, sales in the United States declined as a reaction to the strong sales of synthetic leather in the previous year. Meanwhile, orders increased in Mexico with the launch of new vehicle models, and sales of fabric and synthetic leather vehicle-seat materials increased in Asia. Quality improvements and cost-reduction initiatives at each base also proved effective, resulting in higher revenue and higher profit.」
Orders increased in Mexico with the launch of new vehicle models, and sales of vehicle-seat materials increased in Asia. Together with quality improvements and cost reductions, these factors resulted in higher revenue and higher profit for the overseas business. - FY2025-H1AdvancedAnnual report
「In the overseas business from January to June 2024, sales of vehicle-seat upholstery made from fabric and synthetic leather, as well as airbags, increased in North America and Southeast Asia. Quality improvements and cost-reduction initiatives at each base also proved effective, resulting in higher revenue and higher profit.」
Sales of vehicle-seat upholstery and airbags increased in North America and Southeast Asia, and, together with quality improvements and cost reductions, resulted in higher revenue and higher profit for the overseas business. - FY2024AdvancedAnnual report
「In the overseas business from January to December 2023, the business was significantly affected by weak sales of Japanese automakers in China, while expenses at SEIREN Hungary Kft. were front-loaded. However, the semiconductor shortage and increases in raw-material prices and transportation costs eased, orders for vehicle seats and airbags increased, and quality-improvement and cost-reduction initiatives at each base proved effective, resulting in higher revenue and higher profit.」
While weak sales by Japanese automakers in China and front-loaded expenses in Hungary had an impact, increased orders for vehicle seats and airbags and quality improvements and cost reductions at each base resulted in higher revenue and higher profit for the overseas business. - FY2024-Q3RestatedAnnual report
「In the overseas business from January to September 2023, the semiconductor shortage and increases in raw-material prices and transportation costs eased, and orders for vehicle seats and airbags increased. However, the business was significantly affected by weak sales of Japanese automakers in China. At SEIREN Hungary Kft., front-loaded expenses resulted in higher revenue but lower profit.」
While orders increased and high costs eased, weak sales by Japanese automakers in China and front-loaded expenses in Hungary continued to result in higher revenue but lower profit for the overseas business. - FY2024-Q2WorsenedAnnual report
「In the overseas business from January to June 2023, the semiconductor shortage and increases in raw-material prices and transportation costs eased, and orders for vehicle seats increased and new business was launched. However, the business was significantly affected by weak sales of Japanese automakers in China. In Hungary, front-loaded expenses resulted in higher revenue but lower profit.」
While high costs eased and orders for vehicle seats increased and new business was launched, weak sales by Japanese automakers in China and front-loaded expenses in Hungary resulted in higher revenue but lower profit for the overseas business. - FY2024-Q1WorsenedAnnual report
「In the overseas business from January to March 2023, the semiconductor shortage and increases in raw-material prices and transportation costs eased, and new business involving vehicle-seat materials was launched. However, the business was significantly affected by weak sales of Japanese automakers in China, resulting in lower revenue and lower profit.」
While the semiconductor shortage and high costs eased and new business was launched, weak sales by Japanese automakers in China resulted in lower revenue and lower profit for the overseas business. - FY2023RestatedAnnual report
「In the overseas business from January to December 2022, revenue was affected by reduced automobile production due to the Shanghai lockdown, while sales of synthetic leather “Cuore®” remained firm in Asia, resulting in higher revenue.」
The company reports that, despite the impact of reduced production due to the Shanghai lockdown, sales of “Cuore®” in Asia resulted in higher revenue for the overseas business. - FY2023-Q3Revenue and Profit Growth in the International BusinessAnnual report
「In the overseas business from January to September 2022, revenue was affected by reduced automobile production due to the Shanghai lockdown, while sales of synthetic leather “Cuore®” remained firm in Asia, resulting in higher revenue. Although profit was significantly affected by soaring raw-material prices and ocean freight costs, profit increased due to cost reductions, including greater operational efficiency, as in Japan.」
Despite the impact of the Shanghai lockdown, raw-material prices and ocean freight costs, sales of “Cuore®” and cost reductions resulted in higher revenue and higher profit for the overseas business. - FY2023-Q2Higher revenue but lower profit in the overseas businessAnnual report
「In the overseas business from January to June 2022, revenue was affected by reduced automobile production due to the Shanghai lockdown, while sales of synthetic leather “Cuore®” remained firm in Asia, resulting in higher revenue. Profit declined significantly due to soaring raw-material prices and ocean freight costs, as in Japan.」
While reduced production due to the Shanghai lockdown had an impact, firm sales of “Cuore®” in Asia resulted in higher revenue for the overseas business. However, profit declined due to soaring raw-material prices and ocean freight costs. - FY2023-Q1RestatedAnnual report
「Although affected by automobile production adjustments resulting from the global semiconductor shortage and other factors, the overseas business from January to March 2022 posted higher revenue and higher profit year on year, as sales of differentiated products, including “Cuore®,” remained firm.」
Despite the impact of automobile production adjustments, sales of differentiated products such as “Cuore®” remained firm in the overseas business, resulting in higher revenue and higher profit. - FY2022AdvancedAnnual report
「Expand the global market share of the automotive materials business by expanding overseas bases. Establish a new production base in Hungary and plan to begin mass production of synthetic leather vehicle-seat materials in fiscal 2022. Expand sales in environmentally conscious Europe.」
The overseas-base strategy is advancing to a specific phase involving the start of mass production of synthetic leather vehicle-seat materials at the Hungary base in fiscal 2022 and expanded sales in Europe. - FY2022-Q2RestatedAnnual report
「In the overseas business from January to June 2021, the recovery of the Chinese economy was particularly strong amid recovery from the impact of COVID-19 in various countries. Sales of differentiated products, including “Cuore®,” remained firm, and the overseas business as a whole posted higher revenue and higher profit year on year.」
The company reports higher revenue and higher profit for the overseas business as a whole, supported by the recovery of the Chinese economy and firm sales of differentiated products. - FY2022-Q1RestatedAnnual report
「In the overseas business from January to March 2021, the recovery of the Chinese economy was particularly strong amid recovery from the impact of COVID-19 in various countries. Sales of differentiated products, including “Cuore®,” remained firm, and the overseas business as a whole posted higher revenue and higher profit year on year.」
The company reports higher revenue and higher profit for the overseas business as a whole, supported by the recovery of the Chinese economy and firm sales of differentiated products. - FY2021RaisedAnnual report
「Expand the global market share of the automotive materials business by expanding overseas bases. Establish a new production base in Hungary and begin mass production of synthetic leather vehicle-seat materials in December 2022. Expand sales in environmentally conscious Europe.」
In addition to the existing overseas-base strategy, the company newly specifies the establishment of a production base in Hungary, the start of mass production in December 2022 and expanded sales in Europe. - FY2021-Q2WorsenedAnnual report
「Revenue from this business was ¥23,976 million, down 32.1% year on year, and operating income was ¥1,772 million, down 38.9%.」
Due to the impact of the COVID-19 pandemic, the overseas business as a whole posted lower revenue and lower profit year on year, with the rates of decline in revenue and operating income quantified. - FY2021-Q1WorsenedAnnual report
「As a result, overseas operations as a whole reported lower revenue and lower operating income year on year. Revenue from this business was ¥11,095 million, down 35.8% year on year, while operating income was ¥652 million, down 55.0%.」
Overseas operations as a whole reported lower revenue and lower operating income year on year, with revenue down 35.8% and operating income down 55.0%, partly due to the impact of COVID-19. - FY2020Higher profit and lower revenue in the overseas businessAnnual report
「For the overseas business as a whole, revenue declined year on year due to deteriorating market conditions, but operating income increased.」
While overseas revenue declined due to U.S.-China trade friction and lower automobile sales in Asian countries, improvements at the Mexico plant resulted in higher operating income for the overseas business. - FY2020-Q3Higher profit and lower revenue in the overseas businessAnnual report
「Overseas operations faced a challenging environment due to additional U.S. tariffs arising from U.S.-China trade friction, the slowdown in China’s automobile sales market and soaring raw-material prices. Meanwhile, improvements in production efficiency and yield progressed at the Mexico plant, where we had been working to rapidly expand production capacity in response to a significant increase in orders in the previous fiscal year. Operating income turned profitable from the first quarter, improving earnings. For the overseas business as a whole, sales declined slightly year on year due to deteriorating market conditions, but operating income increased.」
While U.S.-China trade friction, the slowdown in China’s automobile sales market and soaring raw-material prices created a challenging environment, improvements at the Mexico plant resulted in a slight decline in revenue but higher operating income for the overseas business as a whole. - FY2020-Q2RestatedAnnual report
「Overseas, improvements in production efficiency and yield, which had been challenges at the Mexico plant where we were working to rapidly expand production capacity in response to a significant increase in orders in the previous fiscal year, progressed. Operating income turned profitable from the first quarter, improving earnings. However, due to additional U.S. tariffs arising from U.S.-China trade friction, the slowdown in China’s automobile sales market and soaring raw-material prices, operating income for the overseas business as a whole increased only slightly year on year.」
The company continues to expand its overseas business on the assumption of improvements and a return to profitability at the Mexico plant. It also reports the impact of additional tariffs, the slowdown in China’s automobile sales market and soaring raw-material prices. - FY2020-Q1AdvancedAnnual report
「In the overseas business, improvements in production efficiency and yield progressed at the Mexico plant, where we had been working to rapidly expand production capacity in response to a significant increase in orders in the previous fiscal year. As a result, both operating income and ordinary income turned profitable in the first quarter. However, due to the impact of additional U.S. tariffs arising from U.S.-China trade friction, the slowdown in the Chinese market and soaring raw-material prices, the overseas business as a whole posted lower revenue and lower profit year on year.」
Improvements in production efficiency and yield in Mexico led to operating income and ordinary income turning profitable. However, additional tariffs, the slowdown in the Chinese market and soaring raw-material prices resulted in lower revenue and lower profit for the overseas business as a whole. - FY2019RestatedAnnual report
「③ “Globalization” — global business expansion」
The company continues to pursue globalization as a basic strategy, with business operations on a global scale encompassing overseas bases and markets. - FY2019-Q3RestatedAnnual report
「In the overseas business, sales of differentiated products, including “Cuore®,” remained firm in the United States and Chinese markets. However, in Mexico, where expanding production capacity became urgent due to a significant increase in orders, improvements in production efficiency and yield were delayed, resulting in higher expenses such as raw-material and logistics costs. Consequently, the overseas business as a whole posted higher revenue but lower profit year on year.」
While sales of differentiated products remained firm in the United States and China, delays in improvements and higher expenses in Mexico led to continued higher revenue but lower profit for the overseas business as a whole. - FY2019-Q2WorsenedAnnual report
「In the overseas business, sales of differentiated products, including “Cuore®,” remained firm in the United States and China. However, in Mexico, where expanding production capacity became urgent due to a significant increase in orders, improvements in production efficiency and yield were delayed, resulting in higher expenses such as raw-material and logistics costs. Consequently, the overseas business as a whole posted higher revenue but lower profit year on year.」
While sales of differentiated products remained firm in the United States and China, expanding production capacity in Mexico became urgent in response to a significant increase in orders. The overseas business as a whole continued to post higher revenue but lower profit due to delays in improvement efforts and higher expenses. - FY2019-Q1WorsenedAnnual report
「In the overseas business, sales of differentiated products, including “Cuore®,” remained firm in the United States and China. However, in Mexico, where expanding production capacity became urgent due to an increase in orders, improvements in production efficiency and yield were delayed, resulting in higher expenses such as raw-material and logistics costs. Consequently, the overseas business as a whole posted higher revenue but lower profit year on year.」
While sales of differentiated products remained firm in the United States and China, delays in improving production efficiency and yield in Mexico resulted in higher revenue but lower profit for the overseas business as a whole. - FY2018-Q3RestatedAnnual report
「In the overseas business, Thailand’s airbag operations struggled, but steady automobile sales in the United States and China and strong sales growth of differentiated products, including “Cuore®,” contributed to increases in both revenue and profit for the overseas business as a whole. As new overseas bases, we successively launched operations in India and Indonesia at the end of 2013, Hebei, China, in 2015, and Mexico in 2016, all of which are progressing ahead of the initial plans. In particular, to prepare for future production increases, we have begun expanding production lines for “Cuore®,” a “new material that surpasses leather,” in Suzhou and Mexico, and have started construction of an airbag plant in Hebei ahead of schedule.」
While Thailand’s airbag operations struggled, the overseas business as a whole continued to achieve increases in both revenue and profit, driven by growth in the United States and China and in differentiated products. Initiatives to advance the new overseas bases beyond plan and expand production capacity also continued. - FY2018-Q2RestatedAnnual report
「As new overseas bases, we successively launched operations in India and Indonesia at the end of 2013, Hebei, China, in 2015, and Mexico in 2016, all of which are progressing ahead of the initial plans. In particular, to prepare for future production increases, we have begun expanding production lines for “Cuore®,” a “new material that surpasses leather,” in Suzhou and Mexico, and have started construction of an airbag plant in Hebei ahead of schedule.」
Progress at the new overseas bases ahead of the initial plans, the expansion of production lines in Suzhou and Mexico, and construction of the airbag plant in Hebei continue at the same pace as previously reported. - FY2018-Q1AdvancedAnnual report
「As new overseas bases, we successively launched operations in India and Indonesia at the end of 2013, Hebei, China, in 2015, and Mexico in 2016, all of which are progressing ahead of the initial plans. In particular, to prepare for future production increases, we have begun expanding production lines for “Cuore®,” a “new material that surpasses leather,” in Suzhou and Mexico, and have started construction of an airbag plant in Hebei ahead of schedule.」
The new overseas bases in India, Indonesia, Hebei and Mexico are all progressing ahead of their initial plans, and work to expand production lines in Suzhou and Mexico and construct a plant in Hebei began ahead of schedule. - FY2017-Q3RestatedAnnual report
「In the overseas business, sales of automobiles declined in Thailand and Brazil, where conditions were challenging. However, steady automobile sales in the United States and China and strong sales growth of differentiated products, including “Cuore®,” contributed to increases in both revenue and profit for the overseas business as a whole, despite the foreign-exchange impact of yen appreciation.」
While operations struggled in Thailand and Brazil, the company reported increases in both revenue and profit for the overseas business as a whole, driven by growth in the United States and China and in differentiated products. - FY2017-Q2RestatedAnnual report
「In the overseas business, sales of automobiles declined in Thailand and Brazil, where conditions were challenging. However, steady automobile sales in the United States and China and strong sales growth of differentiated products, including “Cuore®,” contributed to increases in both revenue and profit for the overseas business as a whole, despite the foreign-exchange impact of yen appreciation.」
While operations struggled in Thailand and Brazil, the overseas business as a whole continued to achieve increases in both revenue and profit, driven by growth in the United States and China and in differentiated products. - FY2017-Q1AdvancedAnnual report
「Differentiated products, including “Cuore®,” drove sales growth, and despite the impact of foreign exchange movements caused by the stronger yen, the overseas business as a whole achieved higher sales and higher earnings.」
The overseas business achieved higher sales and earnings, with increased overseas sales of differentiated products contributing to performance. - FY2016First statedAnnual report
「We are pursuing a medium-term business strategy centered on “creating new businesses” and “expanding global operations.”」
Global expansion, including overseas bases and international sales, is positioned as a pillar of the medium-term business strategy.