Overseas expansion across Asia using China as a foothold
First written in FY2016. 13 of 28 entries say "Restated". Latest entry: 2026-07-31.
The whole theme swung hardest in 2020: 13 of 73 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- 2026-07-31RestatedEarnings
「To further enhance our Group’s ability to create added value, we will accelerate efforts to strengthen our approach to manufacturing plants and other facilities through our solar power generation business, deepen our cultivation of pharmaceutical manufacturing facilities through validation support, develop new customers among pharmaceutical and medical facilities through new spatial decontamination methods, and expand and strengthen our overseas operations. Through these efforts, we will contribute to sustainability in customers’ business activities and continue creating additional social value.」
The Company continues to promote the expansion and strengthening of its overseas operations, but provides no specific progress regarding countries, regions or results. - FY2026RaisedAnnual report
「d Expansion of overseas operations as a future earnings base KPI: Achieve overseas sales of ¥4.5 billion and overseas operating profit of ¥225 million」
For overseas operations, the company raised its target from overseas sales of ¥3.5 billion and overseas operating profit of ¥175 million to overseas sales of ¥4.5 billion and overseas operating profit of ¥225 million. Overseas sales for the fiscal year ending March 2026 were ¥2,509 million, up 11.8% year on year. - FY2025AdvancedAnnual report
「Domestic sales increased 10.3% from the previous consolidated fiscal year to ¥62,193 million, while overseas sales increased 21.5% to ¥2,244 million.」
Overseas sales increased 21.5% year on year to ¥2,244 million, indicating concrete progress in the earnings contribution from overseas operations. - FY2024-Q2AdvancedAnnual report
「NACS Singapore Pte. Ltd., a specified subsidiary of the company, transferred all of its equity interest in NACS BD Co., Ltd., its subsidiary and the company’s specified sub-subsidiary, to Md. Arif Hossain Bhuiyan, Managing Director of NACS BD Co., Ltd., on 30 May 2023. Because the entity’s importance had declined, it was excluded from the scope of consolidation.」
Regarding overseas operations, the company describes the completed transfer, effective 30 May 2023, of its equity interest in the Bangladesh subsidiary and the subsidiary’s exclusion from the scope of consolidation. - FY2024-Q1RestatedAnnual report
「Our group provides maintenance services at locations throughout Japan and overseas, including maintenance and management of building equipment, equipment and environmental diagnosis and assessment, and solution proposals such as energy- and cost-saving proposals and environmental improvement proposals. We also undertake renewal construction arising from the sites where these services are provided, and operate an integrated business combining maintenance services and renewal construction in line with the lifecycle of building equipment.」
The company continues to describe its operations at locations throughout Japan and overseas, but does not indicate concrete progress in overseas expansion, such as entering a new country or establishing a new entity. - FY2023ReframedAnnual report
「However, in light of recent changes in the business environment, we determined that selecting and concentrating management resources to establish an earnings base overseas at an early stage would contribute to further enhancing corporate value, and decided to transfer this equity interest.」
In addition to its previous policy of expanding overseas locations, the company has shifted its focus toward selecting and concentrating management resources to establish an earnings base at an early stage through the transfer of its equity interest in the Bangladesh subsidiary. It states that effective control will continue after the transfer and that the entity will remain within the scope of consolidation. - FY2023-Q3RestatedAnnual report
「Our group provides maintenance services at locations throughout Japan and overseas, including maintenance and management of building equipment, equipment and environmental diagnosis and assessment, and solution proposals such as energy- and cost-saving proposals and environmental improvement proposals. We also undertake renewal construction arising from the sites where these services are provided, and operate an integrated business combining maintenance services and renewal construction in line with the lifecycle of building equipment.」
The company continues to describe its operations at locations throughout Japan and overseas, but does not indicate concrete progress in overseas expansion, such as entering a new country or establishing a new entity. - FY2023-Q2RestatedAnnual report
「At locations throughout Japan and overseas, the Group provides maintenance services, including maintenance and upkeep of building equipment, equipment and environmental diagnostics and assessments, and solution proposals such as energy- and cost-saving proposals and environmental improvement proposals. It also undertakes renewal construction projects arising from the sites where these services are provided, conducting integrated maintenance services and renewal construction activities in line with the life cycles of building equipment.」
The company continues to describe its operations at locations throughout Japan and overseas, but does not indicate concrete progress such as entering a new country or establishing a new entity. - FY2023-Q1RestatedAnnual report
「Our group provides maintenance services at locations throughout Japan and overseas, including maintenance and management of building equipment, equipment and environmental diagnosis and assessment, and solution proposals such as energy- and cost-saving proposals and environmental improvement proposals. We also undertake renewal construction arising from the sites where these services are provided, and operate an integrated business combining maintenance services and renewal construction in line with the lifecycle of building equipment.」
The company reiterates that it operates businesses at locations throughout Japan and overseas, but does not describe concrete progress in overseas expansion, such as entering a new country or establishing a new entity. - FY2022AdvancedAnnual report
「Of this total, domestic sales increased 0.5% from the previous consolidated fiscal year to ¥48,344 million, while overseas sales increased 49.6% to ¥1,542 million.」
Overseas sales increased 49.6% year on year to ¥1,542 million. - FY2021RestatedAnnual report
「While actively expanding overseas, the company aims to develop new customers and generate profits at its overseas locations at an early stage by further strengthening its technical and proposal capabilities.」
The company continues to emphasize developing new customers and generating profits at an early stage through its technical and proposal capabilities, rather than simply expanding its overseas locations. Overseas sales were ¥1,031 million, down 1.5% from the previous fiscal year, and the Malaysian entity is undergoing liquidation proceedings. - FY2021-Q2RestatedAnnual report
「Our group provides maintenance services at locations throughout Japan and overseas, including maintenance and management of building equipment, equipment and environmental diagnosis and assessment, and solution proposals such as energy- and cost-saving proposals and environmental improvement proposals. We also undertake renewal construction arising from the sites where these services are provided, and operate an integrated business combining maintenance services and renewal construction in line with the lifecycle of building equipment.」
The company reiterates that it operates businesses at locations throughout Japan and overseas, but does not describe concrete progress in overseas expansion, such as entering a new country or establishing a new entity. - FY2020AdvancedAnnual report
「Of this total, domestic sales increased 7.1% from the previous consolidated fiscal year to ¥48,628 million, while overseas sales increased 5.8% to ¥1,046 million.」
Overseas sales increased 5.8% year on year to ¥1,046 million. - FY2020-Q3RestatedAnnual report
「Our group provides maintenance services at locations throughout Japan and overseas, including maintenance and management of building equipment, equipment and environmental diagnosis and assessment, and solution proposals such as energy- and cost-saving proposals and environmental improvement proposals. We also undertake renewal construction arising from the sites where these services are provided, and operate an integrated business combining maintenance services and renewal construction in line with the lifecycle of building equipment.」
The company reiterates that it operates businesses at locations throughout Japan and overseas, but does not describe concrete progress in overseas expansion, such as entering a new country or establishing a new entity. - FY2020-Q2RestatedAnnual report
「Our group provides maintenance services at locations throughout Japan and overseas, including maintenance and management of building equipment, equipment and environmental diagnosis and assessment, and solution proposals such as energy- and cost-saving proposals and environmental improvement proposals. We also undertake renewal construction arising from the sites where these services are provided, and operate an integrated business combining maintenance services and renewal construction in line with the lifecycle of building equipment.」
The company reiterates that it operates businesses at locations throughout Japan and overseas, but does not describe concrete progress in overseas expansion, such as entering a new country or establishing a new entity. - FY2020-Q1RestatedAnnual report
「Our group provides maintenance services at locations throughout Japan and overseas, including maintenance and management of building equipment, equipment and environmental diagnosis and assessment, and solution proposals such as energy- and cost-saving proposals and environmental improvement proposals. We also undertake renewal construction arising from the sites where these services are provided, and operate an integrated business combining maintenance services and renewal construction in line with the lifecycle of building equipment.」
The company reiterates that it operates businesses at locations throughout Japan and overseas, but does not describe concrete progress in overseas expansion, such as entering a new country or establishing a new entity. - FY2019ReframedAnnual report
「While actively expanding overseas, the company aims to develop new customers and generate profits at its overseas locations at an early stage by further strengthening its technical and proposal capabilities.」
While maintaining its direction of overseas expansion, the company explicitly shifts its focus from simply expanding overseas locations to developing new customers and generating profits at an early stage through its technical and proposal capabilities. - FY2019-Q3RestatedAnnual report
「Our group provides maintenance services at locations throughout Japan and overseas, including maintenance and management of building equipment, equipment and environmental diagnosis and assessment, and solution proposals such as energy- and cost-saving proposals and environmental improvement proposals. We also undertake renewal construction arising from the sites where these services are provided, and operate an integrated business combining maintenance services and renewal construction in line with the lifecycle of building equipment.」
The company reiterates that it operates businesses at locations throughout Japan and overseas, but does not describe concrete progress in overseas expansion, such as entering a new country or establishing a new entity. - FY2019-Q2RestatedAnnual report
「Our group provides maintenance services at locations throughout Japan and overseas, including maintenance and management of building equipment, equipment and environmental diagnosis and assessment, and solution proposals such as energy- and cost-saving proposals and environmental improvement proposals. We also undertake renewal construction arising from the sites where these services are provided, and operate an integrated business combining maintenance services and renewal construction in line with the lifecycle of building equipment.」
The company reiterates that it operates businesses at locations throughout Japan and overseas, but does not describe concrete progress in overseas expansion, such as entering a new country or establishing a new entity. - FY2018AdvancedAnnual report
「Of this total, domestic sales increased 5.0% from the previous consolidated fiscal year to ¥44,352 million, while overseas sales increased 25.2% to ¥1,114 million.」
Overseas sales increased 25.2% year on year to ¥1,114 million, indicating concrete progress in the earnings contribution from the Asian operations. - FY2018-Q3AdvancedAnnual report
「To provide high-quality services to Japanese-affiliated manufacturing plants and other facilities operating in Vietnam and Myanmar, the company invested in NACS ENGINEERING VIETNAM CO., LTD. of Vietnam and NACS Engineering Myanmar Co., Ltd. of Myanmar in November 2017.」
Overseas expansion across Asia took concrete shape with investments in entities in Vietnam and Myanmar in November 2017, establishing a platform for providing services to Japanese-affiliated manufacturing plants and other facilities in both countries. - FY2018-Q1AdvancedAnnual report
「From the first quarter of the current consolidated fiscal year, NACS BD Co., Ltd. changed from a non-consolidated subsidiary accounted for under the equity method to a consolidated subsidiary, a specified subsidiary, because its importance had increased. NACS TPS ENGINEERING CO., LTD. also changed from an associate accounted for under the equity method to a consolidated subsidiary because it was deemed to be effectively controlled under the control-based standard.」
Overseas operations made concrete progress as both entities became consolidated subsidiaries, due to the increased importance of the Bangladesh company and the company’s effective control of the Thai company. - FY2017AdvancedAnnual report
「As part of its management strategy, the company aims to provide high-quality services to Japanese-affiliated manufacturing plants and other facilities operating in Myanmar.」
Following the establishment of the Thai joint venture and an investment in a Malaysian company in March 2017, the company resolved to establish a subsidiary in Myanmar. The plan has been made specific, with capital of US$200,000, establishment targeted for around October 2017, and business commencement targeted for around 2019. - FY2017-Q3RestatedAnnual report
「To provide high-quality services to Japanese-affiliated manufacturing plants and other facilities operating in Thailand, the company newly established the joint venture NACS TPS ENGINEERING CO., LTD. in Thailand in June 2016. The company is accounted for under the equity method.」
The company reiterates the same results as in the previous quarter regarding the development of its Asian operations, including the establishment of the Thai joint venture. No new progress is described. - FY2017-Q2AdvancedAnnual report
「To provide high-quality services to Japanese-affiliated manufacturing plants and other facilities operating in Thailand, the company newly established the joint venture NACS TPS ENGINEERING CO., LTD. in Thailand in June 2016. The company is accounted for under the equity method.」
Overseas expansion across Asia made concrete progress with the establishment in Thailand of a joint venture serving Japanese-affiliated manufacturing plants and other facilities. - FY2016First statedAnnual report
「Using its entry into China as a foothold, the Group regards all of Asia as its economic sphere and will actively pursue overseas expansion.」
The company indicates a direction for overseas expansion targeting all of Asia, beginning with China.