Expansion of overseas subsidiary sales driven by increased revenue at the Vietnam subsidiary
First written in FY2017-Q2. 15 of 30 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 3 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Direct transactions with the US increased in India's IT staffing business, while the Vietnamese business is recovering as hiring demand returns.」
The business moved from a period of declining revenue caused by weak US IT demand and deteriorating conditions in Vietnam through the previous fiscal year to a recovery phase, with direct transactions with the US increasing in India's IT staffing business and hiring demand returning in Vietnam. - FY2026-H1AdvancedAnnual report
「Excluding the impact of changing the revenue recognition method from gross to net following a review of the contract structure in India's IT staffing business, both the Indian IT staffing business and Vietnam recorded higher revenue and profit. In India, direct transactions with the US increased, while the Vietnamese business is recovering as hiring demand returns.」
Reported overseas revenue was affected by the change in the revenue recognition method, but excluding that impact, both the Indian IT staffing business and Vietnam recorded higher revenue and profit. The company also reported an increase in direct transactions with the US and a recovery in hiring demand in Vietnam. - FY2025WorsenedAnnual report
「In India's IT staffing business, a review of the contract structure changed the revenue recognition method from gross to net, resulting in a ¥925 million year-on-year decline in revenue. Revenue also declined because IT demand remained at around the previous consolidated fiscal year's level. In Vietnam, revenue was around the previous fiscal year's level as domestic business sentiment failed to recover due to the impact of economic conditions in China and the US. As a result, overseas business revenue declined 12.6% year on year to ¥10,148 million.」
The overseas business recorded lower revenue due to the change in the revenue recognition method and sluggish demand growth in India's IT staffing business, as well as the failure of business sentiment to recover in Vietnam. - FY2025-H1Vietnam delivers revenue and profit growth despite subdued demandAnnual report
「Although the domestic economy in Vietnam was beginning to bottom out, demand for job postings remained subdued. The company continued to control costs, including personnel expenses, while optimizing expenses in anticipation of an economic recovery. As a result, revenue was ¥1,235 million, up 2.7% year on year, and operating profit was ¥181 million, up 42.4% year on year.」
In Vietnam, demand for job postings remained subdued, but the economy was beginning to bottom out, and revenue and profit increased amid cost controls and expense optimization. - FY2024-Q3RestatedAnnual 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.」
The company continues to state that overseas business revenue declined because hiring demand from US IT companies for India's IT staffing business had not recovered and Vietnam's economy had deteriorated. - FY2024-Q2Overseas business revenue continues to declineAnnual 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.」
Cumulative second-quarter overseas business revenue declined from ¥8,027 million in the year-earlier period to ¥6,141 million. Both the Indian IT staffing business and the Vietnamese job-posting site contributed to the decline. - FY2024-Q1Overseas business revenue declined due to external factorsAnnual report
「Revenue increased as the domestic job-posting site business and other businesses performed steadily, while overseas business revenue declined due to external factors.」
Overseas business revenue declined due to external factors, falling from ¥3,763 million in the year-earlier period to ¥3,173 million. - FY2023Overseas business revenue increased, but growth slowed in the fourth quarterAnnual report
「As a result, overseas business revenue rose 47.9% year on year to ¥16,227 million.」
The overseas business recorded full-year revenue growth driven by the Indian IT staffing business and the Vietnamese job-posting site, while growth slowed in the fourth quarter due to workforce reductions at major US IT companies and deteriorating business conditions in Vietnam. - FY2023-Q3AdvancedAnnual report
「Overseas, the Indian IT staffing business drove revenue growth as global IT demand increased.」
In the overseas business, the Indian IT staffing business continued to drive revenue growth in addition to the existing growth centred on Vietnam. - FY2023-Q2AdvancedAnnual report
「Overseas, the Indian IT staffing business grew significantly as global IT demand increased, while the job-posting site in Vietnam also performed well against a backdrop of reopening.」
In the overseas business, growth in the Indian IT staffing business continued, while the job-posting site in Vietnam also performed well against a backdrop of reopening. Overseas revenue increased from ¥4,805 million in the year-earlier period to ¥8,027 million. - FY2023-Q1AdvancedAnnual report
「Overseas, the Indian IT staffing business drove revenue growth as global IT demand increased.」
In the overseas business, the Indian IT staffing business drove revenue growth in addition to the existing growth centred on Vietnam, against a backdrop of global IT demand. Overseas revenue increased from ¥2,139 million in the year-earlier period to ¥3,763 million. - FY2022AdvancedAnnual report
「As a result, overseas business revenue rose 37.0% year on year to ¥10,975 million.」
The Indian IT staffing business grew beyond pre-COVID levels against a backdrop of global IT demand, while Vietnam also recovered after the lockdown, resulting in higher overseas business revenue. - FY2022-Q3AdvancedAnnual report
「Overseas, the IT staffing subsidiary in India drove revenue growth as global IT demand increased.」
The Indian business, which had experienced a revenue decline in the previous fiscal year due to the deteriorating economic environment in India and other factors, drove overseas revenue growth against a backdrop of stronger global IT demand. - FY2021-Q2Revenue declined in Vietnam due to lockdowns, while the decline in India was containedAnnual report
「The business in Vietnam is focused on job-posting sites, and revenue declined significantly in the second quarter due to the impact of a large-scale lockdown implemented there in April. The business in India is focused on IT staffing. Although the continued spread of COVID-19 continued to affect the real economy in India, the decline in revenue was relatively limited because the company was able to continue operating, primarily through IT staffing, including remote work.」
Vietnam, a focus country, recorded a significant decline in second-quarter revenue due to the large-scale lockdown in April. In contrast, India continued operating through remote work and other measures, which relatively contained the decline in revenue. - FY2021-Q1Revenue grew in Vietnam but declined in India and ChinaAnnual report
「As a result, revenue increased in Vietnam, mainly through the job-posting site business. In India, the business is focused on IT staffing, and revenue declined due in part to the deteriorating economic environment in the country. In China, the company operates a job-posting site, which was significantly affected by the spread of COVID-19 and lockdowns from January to March.」
Although revenue growth continued in Vietnam, the overseas business as a whole declined 19.1% year on year due to the deteriorating economic environment in India and the impact of the spread of COVID-19 and lockdowns in China. - FY2020AdvancedAnnual report
「As a result, overseas business revenue rose 131.8% year on year to ¥10,745 million.」
Overseas business revenue rose 131.8% year on year, driven by the consolidation of FFI and growth in Vietnam. - FY2020-Q3AdvancedAnnual report
「Vietnam and India, both focus countries, performed well, with revenue and profit exceeding expectations. In India, FFI's results have been reflected since the first quarter of the current consolidated fiscal year.」
The drivers of overseas business growth expanded from Vietnam to India as well, with revenue and profit exceeding expectations in both countries. - FY2020-Q2AdvancedAnnual report
「In the overseas business, the job-posting site in Vietnam, a focus country, performed well. In India, also a focus country, FFI's results have been reflected since the first quarter of the current consolidated fiscal year. As a result, overseas business revenue significantly exceeded the year-earlier level.」
The job-posting site in Vietnam performed well, and FFI's results continued to be reflected in India, resulting in overseas business revenue significantly exceeding the year-earlier level. - FY2020-Q1AdvancedAnnual report
「In the overseas business, FFI's results have been reflected in the company's results in India, a focus country, since the first quarter of the current consolidated fiscal year. In addition, 英才網聯社, previously accounted for under the equity method, was included in the scope of consolidation from the end of the previous consolidated fiscal year, resulting in revenue significantly exceeding the year-earlier level.」
The drivers of overseas revenue growth expanded from a focus on Vietnam to the consolidation effects of FFI in India and 英才網聯社, and overseas business revenue significantly exceeded the year-earlier level. - FY2019AdvancedAnnual report
「Overall overseas subsidiary revenue exceeded the previous consolidated fiscal year's level as revenue grew in Singapore as well as Vietnam and 英才網聯科技有限公司, an equity-method affiliate, was included in the scope of consolidation.」
Growth in Singapore as well as Vietnam, together with the consolidation of 英才網聯科技有限公司, lifted overseas subsidiary revenue above the previous fiscal year's level. - FY2019-Q3AdvancedAnnual report
「Overall overseas subsidiary revenue exceeded the year-earlier level as revenue grew in Singapore as well as Vietnam, the main operating country.」
Revenue grew in Singapore as well as Vietnam, lifting overall overseas subsidiaries above the year-earlier level. - FY2019-Q2Overseas revenue exceeds the year-earlier level on growth at the Vietnamese subsidiaryAnnual report
「Overseas subsidiary revenue exceeded the year-earlier level as the Vietnamese subsidiary, the main operating country, performed steadily.」
From the previous quarter, when overseas subsidiary revenue was at the same level as in the year-earlier period, revenue exceeded that level due to steady performance in Vietnam, the main operating country. - FY2019-Q1Vietnam growth continues, while overseas revenue remains around the year-earlier levelAnnual report
「Although the Vietnam subsidiary continued to grow, revenue from the overseas subsidiaries was at the same level as in the year-earlier period, partly because the India subsidiary was restructuring its organizational structure.」
Although the Vietnamese subsidiary continued to grow, overall overseas subsidiary revenue remained at the same level as in the year-earlier period due to the restructuring of the Indian subsidiary's operations and other factors. - FY2018RestatedAnnual report
「The overseas subsidiaries performed steadily, and revenue exceeded the previous consolidated fiscal year's level as growth at the Vietnamese subsidiary, a focus country, drove the overall business.」
The company continues to explain that growth at the Vietnamese subsidiary, a focus country, drove the overall overseas subsidiaries. - FY2018-Q3RestatedAnnual report
「The overseas subsidiaries generally performed as expected, and revenue exceeded the year-earlier level as growth at the Vietnam subsidiary, a priority operation, drove overall performance.」
The company continues to state that growth in the Vietnamese subsidiary drove overall overseas subsidiary revenue above the year-earlier level. - FY2018-Q2RestatedAnnual report
「The growth of the Vietnamese subsidiary, a focus country, drove the overall overseas subsidiaries, resulting in revenue exceeding the year-earlier level.」
The company continues to explain that growth in Vietnam, a focus country, will drive the overall overseas subsidiaries. - FY2018-Q1AdvancedAnnual report
「Overseas subsidiaries generally performed steadily in their respective countries. In particular, growth in Vietnam, a country the company has prioritized since the current fiscal year, drove the overall overseas subsidiaries, resulting in revenue exceeding the year-earlier level.」
Growth in Vietnam, which the company has prioritized since the current fiscal year, drove the overall overseas subsidiaries, with overseas subsidiary revenue exceeding the year-earlier level. - FY2017RestatedAnnual report
「Although foreign-exchange effects from yen appreciation reduced the revenue of overseas subsidiaries, higher revenue from the large-scale Vietnam subsidiary contributed to revenue exceeding the previous fiscal year’s level.」
The company continues to explain that higher revenue from the Vietnamese subsidiary offset the impact of yen appreciation, resulting in overall overseas subsidiary revenue exceeding the previous fiscal year's level. - FY2017-Q3RestatedAnnual report
「Although foreign-exchange effects from yen appreciation reduced the revenue of overseas subsidiaries, higher revenue from the large-scale Vietnam business contributed to revenue exceeding the year-earlier level.」
The company continues to explain that higher revenue in Vietnam contributed to overall overseas subsidiary revenue exceeding the year-earlier level despite the negative impact of yen appreciation on revenue. - FY2017-Q2First statedAnnual report
「Although foreign-exchange effects from yen appreciation reduced the revenue of overseas subsidiaries, higher revenue from the large-scale Vietnam business contributed to revenue exceeding the year-earlier level.」
Despite the negative impact of yen appreciation on revenue, higher revenue in Vietnam contributed to overall overseas subsidiary revenue exceeding the year-earlier level.