Expansion of Overseas Sales of Own Brands and Alliances, Including M&A

「For this business, revenue was ¥2,254 million, down 18.1% year on year, and the operating loss was ¥400 million, compared with an operating loss of ¥61 million in the same period of the previous year. The main factor was that order inquiries for SAP implementation support projects in Malaysia fell below the previous year.」

「The main factor was that order inquiries for SAP implementation support projects in Malaysia fell below the previous year.」

「However, M&A and capital and business alliance activity has intensified amid changes in the post-COVID environment, including the transition to Category V under Japan's infectious disease classification system in May 2023. In light of activities such as the capital alliance with K-Ship Co., Ltd. in January 2024, the company extended the scheduled spending period for the funds to March 2026 in order to continue actively pursuing these activities.」

「Finally, in global business, we will achieve sustainable business growth by expanding the market for the SAP business, enhancing existing products and rolling out solutions across a wider area, and developing and selling new products through alliances.」

「The main factor was that order inquiries for SAP implementation support projects in Malaysia fell below the previous year.」

「For this business, revenue was ¥2,657 million, up 28.9% year on year, and operating profit was ¥330 million, up 19.3% year on year. The main factor was the expansion of order inquiries for SAP implementation support projects in Malaysia, despite lower revenue from SI development projects, ERP package sales and implementation consulting in Thailand.」

「For this business, revenue was ¥1,661 million, up 21.8% year on year, and operating profit was ¥204 million, up 10.9% year on year. The main factor was the expansion of order inquiries for SAP implementation support projects in Malaysia, despite lower revenue from SI development projects, ERP package sales and implementation consulting in Thailand.」

「For this business, revenue was ¥806 million, up 18.4% year on year, and operating profit was ¥104 million, down 12.6% year on year. The main factor was that, despite strong SAP implementation support projects in Malaysia, SI development projects, ERP package sales and implementation consulting in Thailand generated lower revenue.」

「For this business, revenue was ¥2,673 million, up 28.1% year on year, and operating profit was ¥271 million, up 448.5% year on year. The main factors were the continued expansion of SAP implementation support projects in Malaysia among both existing core customers and new customers, as well as the boost to business performance, mainly from overseas subsidiaries performing well due to foreign exchange movements.」

「For this business, revenue was ¥2,060 million, up 44.5% year on year, and operating profit was ¥277 million, up 606.1% year on year. The main factors were the continued expansion of SAP implementation support projects in Malaysia among both existing core customers and new customers, as well as the boost to business performance, mainly from overseas subsidiaries performing well due to foreign exchange movements.」

「For this business, revenue was ¥1,363 million, up 52.0% year on year, and operating profit was ¥184 million, compared with zero operating profit in the same period of the previous year. The main factors were the expansion of order inquiries for SAP implementation support projects in Malaysia from existing core customers to new customers, as well as the boost to business performance, mainly from overseas subsidiaries performing well due to foreign exchange movements.」

「For this business, revenue was ¥681 million, up 53.4% year on year, and operating profit was ¥119 million, compared with operating profit of ¥6 million in the same period of the previous year. The main factor was higher revenue resulting from strong order inquiries for SAP implementation support projects in Malaysia.」

「As one Group, we will provide one-stop support for the global expansion and DX initiatives of ASEAN and Japanese companies operating across multiple countries, including support for customers' DX initiatives through consulting on the implementation of ERP products such as mcframe and SAP, and the broad rollout of the cloud-based human resources management solution AGHRM across countries.」

「In addition, the profitability of the business as a whole improved substantially as a result of the recovery in ASEAN business performance and other factors.」

「In addition, the profitability of the business as a whole improved substantially as a result of the recovery in ASEAN business performance and other factors.」

「This involved the disposal of treasury shares through a third-party allotment in connection with a capital and business alliance with TerraSky Co.,Ltd.」

「By bringing AG NET into the Group, the Group will add new products in the HRM field, which had not previously been covered by its branded products. This HRM offering covers the full range of HRM functions, including human resources, workflows for leave applications and expense reimbursements, payroll processing, telework support and employee performance management. The Group decided to make AG NET a subsidiary because this would expand the business platform not only in Singapore but throughout ASEAN, expand the businesses of the Group's ASEAN-based subsidiaries, and further strengthen the Group's growth potential.」

「By bringing AG NET into the Group, the Group will add new products in the HRM field, which had not previously been covered by its branded products. This HRM offering covers the full range of HRM functions, including human resources, workflows for leave applications and expense reimbursements, payroll processing, telework support and employee performance management. The Group decided to make AG NET a subsidiary because this would expand the business platform not only in Singapore but throughout ASEAN, expand the businesses of the Group's ASEAN-based subsidiaries, and further strengthen the Group's growth potential.」

「The company decided to make the Virtual Calibre Group a subsidiary because bringing it into the Group would expand the business platform not only in Malaysia but throughout ASEAN, expand the businesses of the Group's ASEAN-based subsidiaries, and create opportunities to expand its SAP business in Japan over the medium to long term, thereby further strengthening the Group's growth potential.」

「The company decided to make the Virtual Calibre Group a subsidiary because bringing it into the Group would expand the business platform not only in Malaysia but throughout ASEAN, expand the businesses of the Group's ASEAN-based subsidiaries, and create opportunities to expand its SAP business in Japan over the medium to long term, thereby further strengthening the Group's growth potential.」

「The Group has operated businesses in the ASEAN region for more than 25 years, centred on JAST TECHNIQUES PTE. LTD. (Singapore) and JASTEC(THAILAND) CO., LTD. (Thailand). The ASEAN region is expected to continue recording high growth and to see expansion of its middle class as a consumer market, and the Group believes that its potential as a market is substantial. The Group decided to make the Virtual Calibre Group a subsidiary because bringing it into the Group would expand the business platform not only in Malaysia but throughout ASEAN, expand the businesses of the Group's ASEAN-based subsidiaries, and create opportunities to expand its SAP business in Japan over the medium to long term, thereby further strengthening the Group's growth potential.」

「During the first quarter of the consolidated fiscal year under review, the company established JAST Asia Pacific Co., LTD. as a subsidiary and newly included it in the scope of consolidation.」

「The company will promote measures including strengthening overseas sales strategies for its proprietary brands and expanding alliances, including M&A.」