Komori
Shinto Paint (4615) · InitiativeLiquidation of an overseas affiliate completedLatest Earnings (2026-08-05): "Advanced"

Further Expansion of Overseas Business in Asian Markets

First written in FY2016. 9 of 20 entries say "Advanced", first in FY2017. Latest entry: 2026-08-05.

20entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019-Q1 – FY2020AdvancedFY2022 – FY20232016: 320162017: 420172018: 420182019: 220192020: 120202021: 020212022: 220222023: 220232024: 020242025: 120252026: 12026
Same theme, other companies
Expansion of the overseas business strategyA theme 40 companies write about · 0 as a headwind · 40 as a tailwind

The whole theme swung hardest in 2023: 2 of 21 companies on the "Worse" side.

11 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 40 companies compared. The sentences above are computed from all 40.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-05AdvancedEarnings

    「自動車用塗料分野は、インドネシア現法において輸出案件が増加したことから売上高は増加いたしました。」

    インドネシア現地法人で輸出案件の増加が売上高増加として記載された。
  2. FY2026-H1Liquidation of an overseas affiliate completedAnnual report

    「During the interim consolidated accounting period, 神之東塗料貿易(上海) 有限公司 was excluded from the scope of equity-method accounting following the completion of its liquidation.」

    In connection with the overseas business, the Shanghai equity-method affiliate was excluded from the scope of equity-method accounting following completion of its liquidation.
  3. FY2023AdvancedAnnual report

    「In the automotive coatings sector, domestic sales were affected by the impact of difficulties procuring automotive parts on customers' production, but sales increased due in part to the significant recovery in overseas automotive production.」

    The significant recovery in overseas automotive production resulted in a year-on-year increase in sales of automotive coatings for overseas markets.
  4. FY2023-Q3AdvancedAnnual report

    「In the automotive coatings sector, domestic sales were affected by difficulties procuring automotive parts, but sales increased due in part to the recovery in overseas automotive production.」

    The increase in sales of automotive coatings for overseas markets accompanying the recovery in overseas automotive production was specifically described.
  5. FY2023-Q1AdvancedAnnual report

    「In the automotive coatings business, domestic shipments fell below the previous year as difficulties procuring automotive parts affected customers’ operating conditions, while overseas sales increased as a result of the recovery in automotive production in overseas markets.」

    The recovery in overseas automotive production is specifically cited as driving higher sales of automotive coatings for overseas markets. Domestic operations, meanwhile, were affected by difficulties procuring parts.
  6. FY2022RaisedAnnual report

    「Accelerating business expansion through the development of new coating materials and entry into overseas markets」

    The overseas operations strategy is presented as moving beyond market research and business feasibility assessment to accelerate business expansion through entry into overseas markets.
  7. FY2020RestatedAnnual report

    「⑥ Overseas market research, business feasibility assessment and securing human resources as priority initiatives」

    The policy on overseas operations remains in place, with overseas market research, business feasibility assessment and securing human resources specified as priority items in the preparation phase.
  8. FY2019RestatedAnnual report

    「In addition, based on the basic medium-term management plan, the Group will work to improve employee motivation and capabilities, promote overseas operations and strengthen coordination across the Group.」

    The policy of promoting overseas operations under the basic medium-term management plan remains in place.
  9. FY2019-Q3RestatedAnnual report

    「In this economic environment, our Group has pursued active sales activities through the development of new products and further expansion of its overseas business in the Asian market, while also working to further improve cost competitiveness.」

    There has been no material change in the policy of continuing to expand overseas operations in the Asian market.
  10. FY2019-Q2RestatedAnnual report

    「In this economic environment, our Group has pursued active sales activities through the development of new products and other initiatives and further expansion of its overseas business in the Asian market, while working to further improve cost competitiveness.」

    There has been no material change in the policy of continuing to expand overseas operations in the Asian market. Export trends include both recoveries and declines by business area.
  11. FY2019-Q1RestatedAnnual report

    「In this economic environment, our Group has pursued active sales activities through the development of new products and other initiatives and further expansion of its overseas business in the Asian market, while working to further improve cost competitiveness.」

    There has been no material change in the policy of continuing to expand overseas operations in the Asian market. The business results also include declines in exports to China and shipments of automotive coatings for overseas markets.
  12. FY2018AdvancedAnnual report

    「In the automotive coatings business, net sales increased due to new tank-build shipments in Japan and continued strong shipments for overseas markets.」

    Strong overseas shipments continued on an annual basis and, together with new tank-build shipments in Japan, contributed to higher net sales.
  13. FY2018-Q3AdvancedAnnual report

    「In the automotive coatings business, net sales increased due to new tank-build shipments in Japan and continued strong shipments for overseas markets.」

    New tank-build shipments in Japan and strong overseas shipments are identified as specific progress in the expansion of overseas operations.
  14. FY2018-Q2AdvancedAnnual report

    「In the aluminum electrocoating business, the Group acquired new overseas customers, but net sales declined because of the impact of production-system reviews by major domestic customers.」

    The acquisition of new overseas customers is cited as a specific development in the Group’s overseas operations.
  15. FY2018-Q1AdvancedAnnual report

    「In the aluminum electrocoating business, production by major domestic customers remained firm, while the acquisition of new overseas customers also contributed, leaving net sales broadly in line with the previous year.」

    The acquisition of new overseas customers is cited as a specific development in the Group’s overseas operations.
  16. FY2017AdvancedAnnual report

    「Established Shinto TOA Vietnam (currently an unconsolidated subsidiary)」

    The disclosure states that a Vietnamese entity was established in April 2016 in connection with the expansion of overseas operations in Asia.
  17. FY2017-Q3RestatedAnnual report

    「In this economic environment, our Group has pursued active sales activities through the development of new products and further expansion of its overseas business in the Asian market, while also working to further improve cost competitiveness.」

    Expansion of overseas operations in the Asian market is reaffirmed as an ongoing initiative.
  18. FY2017-Q2RestatedAnnual report

    「In this economic environment, our Group has pursued active sales activities through the development of new products and further expansion of its overseas business in the Asian market, while also working to further improve cost competitiveness.」

    Expansion of overseas operations in the Asian market is reaffirmed as an ongoing initiative. The disclosure also notes declines in exports to China, Taiwan and Thailand.
  19. FY2017-Q1RestatedAnnual report

    「Alongside active sales activities through new product development and further expansion of overseas operations in the Asian market」

    Expansion of overseas operations in the Asian market is reiterated as an ongoing initiative, alongside active sales and efforts to improve cost competitiveness.
  20. FY2016First statedAnnual report

    「Based on the basic medium-term management plan, the Group will also work to improve employee motivation and capabilities, promote overseas operations and strengthen coordination across the Group.」

    The promotion of overseas operations under the basic medium-term management plan is identified as a key initiative alongside domestic sales and cost measures.
Moved together

"Product Sales Expansion and Active Sales Activities" moved the same way as this thread, in the same document, in 6 of its 20 moves.

666643★123456
  1. ★This thread
  2. 1Product Sales Expansion and Active Sales Activities6×
  3. 2High Reliance on Borrowings and Interest-Rate Risk6×
  4. 3Reducing Borrowings Through Improved Asset Efficiency6×
  5. 4Strengthening the Focus on Technical Resources and Advancing Fundamental and Applied Research6×
  6. 5Strategically Targeted Investment in Production Facilities and Renewal of Aging Equipment4×
  7. 6Weak Demand for Bridge and Plant Anticorrosion-Coating Projects3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Shinto Paint's next results are scheduled for 2026-11-06. Read the earnings preview It last moved in the Earnings of 2026-08-05: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.