Entry into India’s IT staffing business through the acquisition of Future Focus Infotech as a subsidiary
First written in FY2019. 10 of 18 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1AdvancedAnnual report
「Direct transactions with the US increased in India's IT staffing business, while the Vietnamese business is recovering as hiring demand returns.」
Direct transactions with the US increased in India's IT staffing business, while business in Vietnam moved toward recovery as hiring demand returned. In addition, the change from gross to net revenue recognition following a review of contract structures has weighed on reported revenue. - FY2025WorsenedAnnual report
「The impact of layoffs at US IT companies continued to affect India's IT staffing business, resulting in lower revenue. The Company continued to control costs, including by adjusting the number of dispatched personnel. As a result, revenue was ¥3,751 million, down 15.8% year on year, while operating profit was ¥203 million, down 8.4% year on year.」
The impact of layoffs at US IT companies continued in India's IT staffing business, reducing revenue and operating profit. Cost control through adjustments to dispatched personnel continued. - FY2025-H1WorsenedAnnual report
「The impact of layoffs at US IT companies continued to affect India's IT staffing business, resulting in lower revenue. The Company continued to control costs, including by adjusting the number of dispatched personnel. As a result, revenue was ¥3,751 million, down 15.8% year on year, while operating profit was ¥203 million, down 8.4% year on year.」
The impact of layoffs at US IT companies continued, resulting in lower revenue and operating profit in India's IT staffing business. Cost control through adjustments to dispatched personnel continued. - FY2024-Q2WorsenedAnnual report
「The overseas business recorded lower revenue because hiring demand from US IT companies did not recover in India's IT staffing business, while Vietnam was also affected by the deteriorating domestic economy.」
In India's IT staffing business, demand for hiring by US IT companies did not recover, while Vietnam was also affected by deteriorating domestic economic conditions, resulting in continued lower revenue from the overseas business. - FY2024-Q1WorsenedAnnual report
「Cost of sales decreased 5.8% year on year to ¥3,560 million, mainly due to lower staffing-related costs associated with the decline in revenue from India's IT staffing business.」
The decline in revenue from India's IT staffing business was reflected in lower staffing-related costs. A slowdown in the growth of India's IT staffing business was confirmed for a second consecutive quarter. - FY2023WorsenedAnnual report
「After entering the fourth quarter of the consolidated fiscal year, revenue growth slowed under the impact of workforce reductions at major US IT companies.」
India's IT staffing business posted substantial full-year revenue growth, but growth slowed in the fourth quarter under the impact of workforce reductions at major US IT companies. - FY2023-Q3AdvancedAnnual report
「Overseas, the Indian IT staffing business drove revenue growth as global IT demand increased.」
India's IT staffing business, including Future Focus Infotech, continued to drive revenue growth in the overseas business against a backdrop of global demand for IT services. - FY2023-Q2AdvancedAnnual report
「Overseas revenue grew substantially as India's IT staffing business expanded in line with growing global demand for IT services.」
India's IT staffing business, including Future Focus Infotech, expanded substantially against a backdrop of growing global demand for IT services and continued to drive revenue growth in the overseas business. - FY2023-Q1AdvancedAnnual report
「Overseas, the Indian IT staffing business drove revenue growth as global IT demand increased.」
India's IT staffing business, including Future Focus Infotech, continued to drive revenue growth in the overseas business against a backdrop of growing global demand for IT services. - FY2022AdvancedAnnual report
「In India, where IT staffing is the main business, revenue grew substantially beyond pre-COVID levels, supported by limited impact from the pandemic and growing global demand for IT services.」
India's IT staffing business, including Future Focus Infotech, grew beyond pre-COVID revenue levels against a backdrop of growing global demand for IT services. - FY2022-Q3AdvancedAnnual report
「Overseas, the IT staffing subsidiary in India drove revenue growth as global IT demand increased.」
The Indian IT staffing subsidiaries, including Future Focus Infotech, advanced to a stage where they were driving revenue growth against a backdrop of growing global demand for IT services. - FY2022-Q2AdvancedAnnual report
「Cost of sales increased 15.7% year on year to ¥5,075 million, mainly because of higher staffing-related costs associated with increased revenue at Future Focus Infotech Pvt. Ltd., the Group's Indian IT staffing subsidiary.」
The increase in revenue at Future Focus Infotech was reported, and the progress of India's IT staffing business was reflected in cumulative second-quarter results through higher staffing-related costs. - FY2022-Q1AdvancedAnnual report
「Cost of sales increased 1.3% year on year to ¥2,378 million, mainly because of higher staffing-related costs associated with increased revenue at Future Focus Infotech Pvt. Ltd., the Group's Indian IT staffing subsidiary.」
For India's Future Focus Infotech, the company stated that staffing-related costs increased in line with higher revenue, indicating growth in the performance of the IT staffing business. - FY2021-Q2Working from home limited the decline in revenue from the Indian business.Annual report
「In India, the business is focused mainly on IT staffing. Although the continuing spread of COVID-19 in the country continued to affect the real economy, the business was able to continue operating through measures including working from home, as described above, because it is centered on IT staffing. As a result, the decline in revenue was relatively limited.」
Revenue declined in India's IT staffing business, but operations continued through measures including working from home, limiting the decline relatively compared with Vietnam. - FY2021-Q1India's IT staffing business posted lower revenue.Annual report
「In India, the business is focused mainly on IT staffing, and revenue declined due in part to the impact of deteriorating economic conditions in India.」
Although the consolidation of Future Focus brought the entry into India's IT staffing business into the results, revenue declined due in part to deteriorating economic conditions in India. - FY2020AdvancedAnnual report
「Overseas revenue exceeded that of the previous consolidated fiscal year, owing to the newly consolidated Indian IT staffing company Future Focus Infotech (hereinafter, “FFI”) and growth in Vietnam, a priority country.」
The newly consolidated Future Focus was reflected in the overseas business for the full year, and the entry into India's IT staffing business was reflected in consolidated results. - FY2020-Q1AdvancedAnnual report
「In the overseas business, the results of FFI have been reflected in the priority market of India since the first quarter of the current fiscal year.」
For Future Focus, which became a subsidiary in March 2019, its results began to be consolidated from the first quarter, and the entry into India's IT staffing business began to be reflected in operating performance. - FY2019First statedAnnual report
「At a meeting of its Board of Directors held on 19 February 2019, the Company resolved that its 2 consolidated subsidiaries, en-Asia Holdings Ltd. and New Era India Consultancy Pvt. Ltd., would acquire shares in Future Focus Infotech Pvt. Ltd. (hereinafter, “Future Focus”) and make it a sub-subsidiary. The Company entered into a share transfer agreement on the same date and acquired the shares on 19 March 2019.」
Future Focus is an Indian IT staffing and contract software development company, and the voting rights acquired amounted to 72.28%. It aims to grow by entering India's largest staffing market, expanding customer services and responding to advanced technologies such as IoT, AI and robotics.