Entering the Chinese market and accelerating global expansion through a Chinese joint venture
First written in FY2018. 1 of 3 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2019-Q2.
No other company in this theme has enough history to compare yet.
- FY2019-Q2RestatedAnnual report
「Beginning in the first quarter, the company included 南山自重堂防護科技有限公司, a newly established joint venture with 山東南山智尚科技股分有限公司, within the scope of the equity method.」
The company continued to disclose in the second-quarter notes that the Chinese joint venture was included within the scope of the equity method from the first quarter. - FY2019-Q1AdvancedAnnual report
「Beginning in the first quarter of the current fiscal year, the company included 南山自重堂防護科技有限公司, a newly established joint venture with 山東南山智尚科技股分有限公司, within the scope of the equity method.」
Regarding the plan to enter the Chinese market, the company actually established a joint venture with 山東南山社 and included it within the scope of the equity method beginning in the first quarter. - FY2018First statedAnnual report
「As China's workwear and uniform market is expanding, the company will establish a new joint venture to enter the domestic Chinese workwear and uniform market. It plans to generate annual sales of approximately ¥2 billion in 3 years. Following the acquisition, the ownership ratio will be 60% for 山東南山社 and 40% for the company.」
The company disclosed for the first time its plan to enter the Chinese market by establishing a joint venture with 山東南山社. It plans annual sales of approximately ¥2 billion in 3 years, with the company's ownership interest set at 40%.