Expansion of the Southeast Asian Sales Network, Including the Philippines

「Overseas, in Indonesia, our principal market, we increased export orders by strengthening relationships with existing customers and developing new customers, but the order environment in the domestic market remained challenging and was unchanged from the previous year.」

「In Japan, sales to the apparel industry remained sluggish, but overseas exports of fabrics, including printed products, remained firm, resulting in higher revenue.」

「In Japan, revenue increased as initiatives with existing customers were strengthened, while overseas revenue increased as orders for prints for export remained strong.」

「Overseas, we will deepen cooperation with existing business partners, focus on developing new markets and customers, and seek to expand orders through new product development and proposals for new materials.」

「Overseas, the Indonesian subsidiary, the main overseas operation, focused on reviewing and improving its processing equipment, conditions and technology to respond to changes in the materials demanded by the market, which led to an increase in orders.」

「In overseas markets, retail sales stagnated because of the inflow of low-priced imported goods and imported products and rising prices, while revenue declined because of excess inventories in the market.」

「Overseas revenue declined because of the impact of excess inventories in the market.」

「In overseas markets, the Indonesian subsidiary posted higher revenue after winning new orders for digital printing and uniforms. As a result, revenue in the textile sales segment was ¥939 million, up 15.8% year on year, an increase of ¥128 million.」

「In overseas markets, the Indonesian subsidiary posted lower revenue because orders ahead of the Lebaran holiday lacked momentum, while the Thai subsidiary posted higher revenue on increased orders for Japan.」

「At the Thai subsidiary, textile printing orders fell sharply due to rapid market changes, and we withdrew from the textile printing business at the end of December 2022 because no improvement in conditions was in sight.」

「In overseas markets, revenue increased substantially as order volumes rose with the market recovery.」

「Domestic revenue declined due to weak sales in the casual and uniform-use segment, but overseas locations posted substantial revenue growth as market conditions recovered.」

「At the Indonesian subsidiary, which is central to the Group's Southeast Asian strategy, we will focus on developing new markets and customers, expanding sales areas, improving quality control and production efficiency, and developing new products incorporating our processing technology in order to expand sales in domestic and overseas markets.」

「Overseas, revenue at the Indonesian subsidiary increased 37.5% year on year as orders recovered following the easing of large-scale social activity restrictions. In contrast, the Thai subsidiary posted a substantial decline in revenue as both exports and domestic consumption remained sluggish due to the renewed spread of COVID-19.」

「At the Indonesian subsidiary, we focused on further strengthening efforts with existing customers, developing new markets and customers, improving productivity, and pursuing cost reductions.」

「Overseas, orders at the Indonesian subsidiary had not recovered to the level of the same period before the spread of COVID-19, resulting in lower revenue. The Thai subsidiary was heavily affected by the renewed spread of COVID-19, with sluggish personal consumption and lower orders due to excess customer inventories resulting in a substantial decline in revenue.」

「Overseas, the impact of COVID-19 remained significant. Although orders for materials used in masks increased, domestic sales declined substantially.」

「Overseas, the Indonesian subsidiary posted a substantial decline in revenue due to a sharp drop in orders resulting from activity restrictions imposed on businesses amid the spread of COVID-19. At the Thai subsidiary, exports increased, but revenue declined because orders for standard domestic products fell sharply.」

「At the Indonesian subsidiary, we worked to acquire new customers in East Java, including Surabaya, to expand the business further. At the Thai subsidiary, we pursued productivity improvements, quality improvements, and new material development, while working to expand orders in neighboring countries.」

「Overseas, market conditions cooled at the Indonesian subsidiary due to uncertainty over the outlook following the presidential election held in April, preventing an increase in sales volume and leaving revenue at the previous year's level. The Thai subsidiary posted lower revenue due to intensifying competition from inexpensive imports such as Chinese products.」

「Overseas, orders from domestic customers at the Indonesian subsidiary remained firm, resulting in higher revenue in the processing-fee segment. At the Thai subsidiary, however, competition with imports such as Chinese products intensified, making it difficult to secure orders and resulting in lower revenue.」

「At the Indonesian subsidiary, which is central to the Group's Southeast Asian strategy, we will focus on improving customer satisfaction and developing new products in cooperation with Japan, while working to expand exports in addition to domestic sales, with the aim of increasing earnings.」

「Overseas, efforts to expand orders at the Indonesian subsidiary broadened the customer base and increased sales volume, but revenue declined on a yen-converted basis. The Thai subsidiary also posted a decline in revenue due to lower orders for higher-priced products.」

「Overseas, the company strengthened order-taking activities to expand exports from Indonesia, while in Thailand it worked to win orders through new product development and improve satisfaction among existing customers through quality improvements.」

「Overseas, the company is strengthening textile exports from Indonesia by acquiring new customers, while in Thailand it is strengthening relationships with existing customers and dispatching engineers to improve quality.」

「Overseas, we worked to strengthen efforts with existing customers and expand orders through the stable supply of higher-priced, high-quality products.」

「Overseas, in addition to strengthening efforts with existing customers in Indonesia and Thailand and expanding orders through the stable supply of higher-priced, high-quality products, we are also conducting research into developing distribution channels for Myanmar's domestic market.」

「Overseas, in addition to strengthening efforts with existing customers in Indonesia and Thailand, we plan to expand distribution channels targeting Myanmar's domestic market」

「At the Indonesian and Thai subsidiaries, which are central to the Group's Southeast Asian strategy, we are actively working to expand sales in other Southeast Asian countries by using the newly established Philippine company in addition to sales in the domestic markets of those countries. In addition, we plan to expand distribution channels targeting Myanmar's domestic market.」

「Overseas, in addition to establishing a sales company in the Philippines to develop new markets, the company is working to further expand sales in Indonesia, where demand is strong.」

「Overseas, we are actively expanding the business, including by establishing a new sales company in the Philippines.」

「Overseas, the company is developing new businesses in the Philippines and Indonesia.」

「At the Indonesian and Thai subsidiaries, which are central to the Group's Southeast Asian strategy, we are actively working to expand sales in other Southeast Asian countries by using the newly established Philippine company in addition to sales in the domestic markets of those countries.」