Global Expansion Focused on Asia-Pacific
First written in FY2018. 2 of 6 entries say "Softened", first in FY2020. Latest entry: FY2024-Q3.
TeamSpirit moved to the "Worse" side of this theme in 2024, 2 years before the typical company in this theme (2026).
1 other company's latest entry also says "Softened".
- FY2024-Q3SoftenedAnnual report
「At a meeting of the Board of Directors held on 12 July 2024, we resolved to recognize business restructuring costs associated with the downsizing of the operations of our consolidated subsidiary, TeamSpirit Singapore Pte. Ltd., as an extraordinary loss in the fourth quarter of the fiscal year ending August 2024.」
Against the policy of expanding overseas operations, the Company resolved to downsize the Singapore subsidiary’s business and recognize business restructuring costs. - FY2020SoftenedAnnual report
「For the fiscal year ending August 2021, we decided to temporarily hold back active overseas expansion and will review our strategy toward a full-scale overseas rollout.」
Overseas expansion was temporarily put on hold for the fiscal year ending August 2021, and the policy shifted toward reviewing the strategy in light of delays in the launch of WSP and the impact of COVID-19. - FY2020-Q2RestatedAnnual report
「As TeamSpirit Singapore Pte. Ltd., formerly an unconsolidated subsidiary, became material, it has been included in the scope of consolidation since the first quarter of the current consolidated fiscal year.」
The Singapore subsidiary has remained included in the scope of consolidation since the first quarter, including in the second quarter. - FY2020-Q1AdvancedAnnual report
「As TeamSpirit Singapore Pte. Ltd., formerly an unconsolidated subsidiary, became material from the first quarter of the current consolidated fiscal year, it was included in the scope of consolidation and quarterly consolidated financial statements were prepared.」
The Singapore subsidiary progressed from the planning stage of organizational development and full-scale launch to consolidation as its materiality increased. - FY2019RaisedAnnual report
「Through fiscal 2019, we conducted market research primarily targeting the Asia-Pacific market and strengthened the organizational structure of our Singapore subsidiary. From fiscal 2020 onward, we intend to fully launch the Singapore subsidiary as a consolidated subsidiary and accelerate our overseas expansion.」
The plan was expanded from market research and strengthening the subsidiary’s organizational structure to consolidating the subsidiary and fully launching operations from fiscal 2020 onward. - FY2018First statedAnnual report
「Going forward, we will build on this momentum and expand overseas to increase the number of companies using our services. We are currently conducting market research primarily targeting the Asia-Pacific market, gathering information on expanding functions centered on work-hours management and expense settlement, visualizing how employees of overseas subsidiaries of Japanese companies work, and other areas, while also strengthening the organizational structure of our Singapore subsidiary. We intend to accelerate our overseas expansion.」
Conduct market research, expand functionality and strengthen the organizational structure of the Singapore subsidiary in the Asia-Pacific region.