Delay in Launching the Overseas Business Due to the Spread of COVID-19
First written in FY2020. 6 of 12 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2025.
Neojapan moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2018: 3 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「This section describes the principal matters that may constitute risk factors concerning the business development and other activities of our Group, as well as matters that may have a material impact on investors' decisions.」
The current section on business and other risks contains no explicit disclosure regarding the risk of delays in launching the overseas business due to the spread of COVID-19. - FY2024-Q1MitigatedAnnual report
「In Malaysia and Thailand, where our subsidiaries operate, we resumed full-scale sales activities from the previous consolidated fiscal year and have worked to raise local awareness of our products and services by strengthening our sales force and exhibiting at trade shows.」
It was stated that sales activities in the ASEAN region, which had been restricted by the spread of COVID-19, shifted to a full-scale restart from the previous consolidated fiscal year. - FY2023MitigatedAnnual report
「The launch of operations at the 3 overseas consolidated subsidiaries has been delayed beyond the initial plan because of the impact of sales activities and other factors associated with COVID-19. It became possible to resume full-scale sales activities from during the fiscal year ending January 2023, but if the launch does not progress as planned, monetization may be delayed, potentially affecting the operating results and financial position of our Group.」
Although the delay in launching the overseas business was continuing, it was stated that conditions had been reached allowing full-scale sales activities to resume from during the fiscal year ending January 2023. - FY2023-Q2MitigatedAnnual report
「In Malaysia and Thailand, where our subsidiaries operate, sales activities could not be conducted as planned in the previous consolidated fiscal year because of activity restrictions associated with the spread of COVID-19. From the first quarter of the current consolidated fiscal year, we have focused on generating opportunities to achieve our annual plan by hiring local sales personnel, reviewing our marketing and taking other steps toward resuming full-scale sales activities.」
Sales activities in Malaysia and Thailand, which had been restricted in the previous fiscal year, were moving toward a full-scale restart through the hiring of local sales personnel and a review of marketing. - FY2023-Q1MitigatedAnnual report
「In Malaysia and Thailand, where our subsidiaries operate, sales activities could not be conducted as planned in the previous consolidated fiscal year because of activity restrictions associated with the spread of COVID-19. During the cumulative first quarter of the current consolidated fiscal year, economic activity in both countries was moving toward normalization, and we focused on generating opportunities to achieve our annual plan by hiring local sales personnel, reviewing our marketing and taking other steps toward resuming full-scale sales activities.」
Regarding restrictions on sales activities in the ASEAN region resulting from the spread of the infection, it was stated that economic activity was moving toward normalization and preparations were under way to resume sales activities by hiring sales personnel and reviewing marketing. However, Overseas Business is expected to post a full-year loss. - FY2022MaterialisedAnnual report
「The launch of operations at the 3 overseas consolidated subsidiaries has been delayed beyond the initial plan because of travel and movement restrictions associated with the global spread of COVID-19. If the launch does not progress as planned, monetization may be delayed, potentially affecting the operating results and financial position of our Group.」
The annual report also stated that delays in launching the overseas subsidiaries were continuing and that monetization could remain delayed. - FY2022-Q3MaterialisedAnnual report
「In the ASEAN region, we are advancing sales activities centered on desknet's NEO and AppSuite. However, sales to external customers for the cumulative third quarter of the current consolidated fiscal year remained below the initial plan because sales activities, mainly in Malaysia, did not progress as planned due to activity restriction orders and other measures associated with the spread of COVID-19. Investment in Overseas Business is expected to precede returns for the time being.」
Sales activities in Malaysia did not progress as planned because of activity restrictions associated with the spread of the infection, and overseas business sales continued to fall below plan through the cumulative third quarter. - FY2022-Q2MaterialisedAnnual report
「In the ASEAN region, we are advancing sales activities centered on desknet's NEO and AppSuite. However, sales to external customers for the cumulative second quarter of the current consolidated fiscal year remained below the initial plan because sales activities, mainly in Malaysia, did not progress as planned, including as a result of activity restriction orders issued in response to the spread of COVID-19.」
Sales activities in Malaysia did not progress as planned because of activity restrictions associated with the spread of the infection, and overseas business sales continued to fall below the initial plan. - FY2022-Q1MaterialisedAnnual report
「In the ASEAN region, we are advancing sales activities centered on desknet's NEO and AppSuite. However, sales for the cumulative first quarter of the current consolidated fiscal year were below the initial plan because sales activities could not be conducted as planned, including as a result of activity restriction orders issued in response to the spread of COVID-19.」
Activity restrictions resulting from the spread of COVID-19 actually affected overseas sales activities during the quarter, preventing them from progressing as planned. - FY2021MaterialisedAnnual report
「The launch of operations at the 2 overseas subsidiaries established in the previous consolidated fiscal year, 1 consolidated subsidiary and 1 non-consolidated subsidiary, has been delayed beyond the initial plan because of travel and movement restrictions associated with the global spread of COVID-19.」
It was stated that the launch of operations at the 2 overseas subsidiaries in the United States and Malaysia had been delayed from the initial plan because of travel and movement restrictions. - FY2021-Q3MaterialisedAnnual report
「NEOREKA ASIA Sdn.Bhd. (a Malaysian subsidiary), which was established in the previous fiscal year and was scheduled to begin full-scale operations in the current fiscal year, was affected by restrictions on local activities resulting from the spread of COVID-19 in Malaysia.」
Regarding the risk of delays in launching the overseas business, it was stated that activities at the Malaysian subsidiary had actually been restricted by the spread of the infection. - FY2020First statedAnnual report
「As the global spread of the novel coronavirus (COVID-19) may prevent the business launch from progressing as planned, the period of front-loaded investment may be extended beyond the original plan, delaying the time required for the business to contribute to the Group’s performance.」
First identifies the possibility that the spread of COVID-19 could delay the launch of newly established overseas subsidiaries and extend the period of front-loaded investment.