Developing the Southeast Asian Market and Capturing Demand in Neighboring Countries
First written in FY2017-Q2. 24 of 36 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-10-15.
The whole theme swung hardest in 2020: 5 of 24 companies on the "Worse" side.
12 other companies' latest entry also says "Advanced".
- 2026-10-15AdvancedEarnings
「Specialty lubricants posted higher revenue as sales increased across many product types due to higher demand from major customers resulting from increased automobile production.」
In Southeast/South Asia, revenue increased 4.5% year on year and segment profit increased 371.8%. Hot-melt adhesives posted lower revenue, but profitability improved. - FY2027-H1AdvancedAnnual report
「Sales of specialty lubricants increased as higher demand from key customers resulting from increased automobile production lifted sales across many oil categories. Sales of hot-melt adhesives declined due to lower sales for hygiene-material applications following the discontinuation of unprofitable products and other measures, although profitability improved. As a result, sales to external customers in this segment were ¥3,406 million, up 4.5% year on year, while segment profit was ¥480 million, up 371.8%.」
In Southeast and South Asia, sales of specialty lubricants expanded as automobile production increased, while the profitability of hot-melt adhesives improved through the discontinuation of unprofitable products and other measures. Sales rose 4.5% year on year and profit rose 371.8%. - 2026-07-09WorsenedEarnings
「Hot-melt adhesives posted lower revenue because sales for hygiene material applications declined as unprofitable products were rationalized and for other reasons. As a result, sales to external customers in this segment were ¥1,553 million, down 9.9% year on year, while segment profit was ¥167 million, up 207.3%.」
In Southeast/South Asia, revenue declined due to the rationalization of unprofitable products and other factors, while segment profit increased. - FY2026-H1WorsenedAnnual report
「Revenue from specialty lubricants increased mainly because expanded sales to new customers drove higher sales of cutting fluids. Revenue from hot-melt adhesives declined as lower demand at major customers reduced sales for hygiene-material applications. As a result, external revenue from the segment was ¥3,260 million, down 1.9% year on year, and segment profit was ¥102 million, down 13.0%.」
In Southeast and South Asia, revenue from specialty lubricants increased through expanded sales to new customers, while revenue from hot-melt adhesives declined due to lower demand at major customers, resulting in segment revenue and profit below the level of the same period of the previous year. - FY2025-H1WorsenedAnnual report
「Although demand for specialty lubricants declined at customers due to lower automobile production, revenue increased as a result of selling-price revisions and expanded sales to new customers. Revenue from hot-melt adhesives declined due to inventory adjustments and lower demand at major customers. As a result, external revenue from the segment was ¥3,322 million, up 0.3% year on year, but segment profit was ¥117 million, down 21.4%, due to lower profit from hot-melt adhesives.」
In Southeast and South Asia, demand declined due to lower automobile production, while major customers made inventory adjustments and demand fell. Selling-price revisions and expanded sales to new customers secured a 0.3% year-on-year increase in revenue, but segment profit declined 21.4%. - FY2025-Q1WorsenedAnnual report
「③ Southeast and South Asia: Although demand for specialty lubricants declined at customers due to lower automobile production, revenue increased as a result of selling-price revisions. Revenue from hot-melt adhesives declined due to inventory adjustments and lower demand at major customers. As a result, external revenue from the segment was ¥1,634 million, down 2.7% year on year, and segment profit was ¥58 million, down 31.4%.」
In Southeast and South Asia, demand declined due to lower automobile production, while major customers made inventory adjustments and demand fell. Selling-price revisions offset part of the impact, but revenue declined 2.7% year on year and segment profit declined 31.4%. - FY2024AdvancedAnnual report
「③ Southeast and South Asia: Revenue from specialty lubricants increased due to higher volumes resulting from increased automobile production in India and Indonesia and product-price revisions, while revenue from hot-melt adhesives increased due to expanded sales in the region. As a result, external revenue from the segment was ¥6,737 million, up 14.8% from the previous fiscal year, and segment profit was ¥309 million, up 151.7%.」
Revenue and profit in Southeast and South Asia increased substantially due to higher automobile production in India and Indonesia, price revisions, and expanded sales of hot-melt adhesives. - FY2024-Q3AdvancedAnnual report
「Revenue from specialty lubricants increased due to higher volumes resulting from increased automobile production in India and Indonesia and product-price revisions, while revenue from hot-melt adhesives increased due to expanded sales in the region. As a result, external revenue from the segment was ¥5,031 million, up 17.7% year on year, and segment profit was ¥230 million, up 166.2%.」
In Southeast and South Asia, revenue and profit increased substantially due to higher automobile production in India and Indonesia, product-price revisions, and expanded sales of hot-melt adhesives. - FY2024-Q2AdvancedAnnual report
「Revenue from specialty lubricants increased due to higher volumes resulting from increased automobile production in India and Indonesia and higher selling prices, while revenue from hot-melt adhesives increased due to expanded sales in the region. As a result, external revenue from the segment was ¥3,313 million, up 21.5% year on year, and segment profit was ¥149 million, up 265.0%.」
In Southeast and South Asia, revenue and profit increased substantially due to higher automobile production in India and Indonesia, higher selling prices, and expanded sales of hot-melt adhesives. - FY2024-Q1AdvancedAnnual report
「Revenue from specialty lubricants increased due to higher volumes resulting from increased automobile production and higher selling prices, while revenue from hot-melt adhesives increased due to expanded sales in India and Indonesia. As a result, external revenue from the segment was ¥1,679 million, up 31.6% year on year, and segment profit was ¥85 million, up 250.2%.」
In Southeast and South Asia, volume sales of specialty lubricants increased with higher automobile production, while expanded sales of hot-melt adhesives in India and Indonesia also progressed. Revenue increased 31.6% and segment profit increased 250.2%. - FY2023AdvancedAnnual report
「External revenue from Southeast and South Asia was ¥5,870 million, up 30.4% from the previous fiscal year, and segment profit was ¥123 million, up 42.7%.」
In Southeast and South Asia, revenue and profit increased on a full-year basis due to the recovery in demand for specialty lubricants, selling-price revisions, the yen's depreciation, and higher volumes of hot-melt adhesives in India and Indonesia. - FY2023-Q3AdvancedAnnual report
「③ Southeast and South Asia: Volume sales of specialty lubricants exceeded the previous year as demand recovered, while revenue also increased due to selling-price revisions and the yen's depreciation. Sales of hot-melt adhesives increased due to higher volumes in India and Indonesia. As a result, external revenue from the segment was ¥4,274 million, up 27.8% year on year, but segment profit was ¥86 million, down 15.5%, due to the impact of soaring raw-material prices and other factors.」
In Southeast and South Asia, revenue increased 27.8% year on year due to the recovery in demand for specialty lubricants and higher volumes of hot-melt adhesives in India and Indonesia. Profit declined 15.5% year on year due to soaring raw-material prices and other factors. - FY2023-Q2AdvancedAnnual report
「Although volume sales of specialty lubricants declined due in part to customer inventory adjustments, revenue increased as a result of selling-price revisions and the yen's depreciation. Sales of hot-melt adhesives increased due to higher volumes in India and Indonesia. As a result, external revenue from the segment was ¥2,726 million, up 23.6% year on year, but segment profit was ¥41 million, down 35.1%, due to the impact of soaring raw-material prices.」
In Southeast and South Asia, revenue increased 23.6% year on year due in part to higher volumes of hot-melt adhesives in India and Indonesia. Profit declined 35.1% year on year due to soaring raw-material prices. - FY2023-Q1AdvancedAnnual report
「Although the economy was on a recovery trend, volume sales of specialty lubricants declined due in part to inventory adjustments by customers, but revenue increased as selling prices were revised. Sales of hot-melt adhesives also increased due to higher shipments in India. As a result, segment revenue was ¥1,286 million, up 12.6% year on year, but segment profit was ¥24 million, down 51.6%, due to the impact of soaring raw-material prices.」
In Southeast and South Asia, revenue increased through selling-price revisions despite lower volumes of specialty lubricants amid customer inventory adjustments, while higher shipments of hot-melt adhesives in India also contributed. Segment revenue increased 12.6% year on year. - FY2022AdvancedAnnual report
「Although economic recovery in the region had lagged behind that in other regions, higher automobile production drove increased sales of specialty lubricants, including die-casting oils. At the Indian subsidiary, full-scale deliveries of hot-melt adhesives to manufacturers of hygiene materials also began. As a result, segment revenue was ¥4,770 million, up 28.3% from the previous fiscal year, and segment profit was ¥86 million, compared with segment profit of ¥6 million in the previous fiscal year.」
In Southeast and South Asia, higher sales of specialty lubricants driven by the recovery in automobile production, the start of full-scale deliveries by the Indian subsidiary to hygiene-materials manufacturers, and a 28.3% increase in revenue were confirmed. - FY2022-Q3AdvancedAnnual report
「Although economic recovery in the region had lagged behind that in other regions, sales of specialty lubricants, including die-casting oils, increased as automobile production rose. Sales of hot-melt adhesives were at the same level as in the same period of the previous year. As a result, segment revenue was ¥3,544 million, up 32.1% year on year, and segment profit was ¥102 million, compared with profit of ¥3 million in the same period of the previous year.」
Despite the delayed economic recovery in Southeast and South Asia, higher automobile production drove increased sales of specialty lubricants. Segment revenue increased 32.1% year on year, and profit rose from ¥3 million to ¥102 million. - FY2022-Q2AdvancedAnnual report
「Although economic recovery in the region continued to lag behind that in other regions, sales of specialty lubricants, including die-casting oils, increased due to a sharp rebound in automobile production from the same period of the previous year. Sales of hot-melt adhesives, however, declined due to operating restrictions at customer plants. As a result, segment revenue was ¥2,326 million, up 24.6% year on year, and segment profit was ¥63 million, up 409.4%.」
In Southeast and South Asia, sales of specialty lubricants increased due to the rebound in automobile production, driving a 24.6% year-on-year increase in segment revenue and a 409.4% increase in profit. Sales of hot-melt adhesives, however, declined due to operating restrictions at customer plants. - FY2022-Q1AdvancedAnnual report
「Although the pace was slower than in the other regions where our Group operates, the economy remained on a recovery trend. In the automotive-related industry, customers began increasing inventories in preparation for a full-scale recovery. Under these conditions, sales of specialty lubricants, including die-casting oils, increased. Sales of hot-melt adhesives also remained firm. As a result, segment revenue was ¥1,142 million, up 6.5% year on year, and segment profit was ¥50 million, up 3.7%.」
In Southeast and South Asia, automotive-related companies began increasing inventories, driving higher sales of specialty lubricants, while sales of hot-melt adhesives also remained firm. Segment revenue increased 6.5% year on year, and profit increased 3.7%. - FY2021AdvancedAnnual report
「In Southeast Asia, economic activity stagnated significantly in Indonesia, which had a particularly high number of infections. Although economic recovery in the region is expected from 2021 onward, we will strive to increase our market share by swiftly developing products that address local needs. We will also develop markets in the ASEAN NEXT4, where growth is expected in the future.」
In addition to addressing local needs in Southeast Asia, the Company has newly specified plans to develop markets in the ASEAN NEXT4. - FY2021-Q3WorsenedAnnual report
「As automobile production in the countries where our Group's operating bases are located declined 40.3% year on year, sales of specialty lubricants, including die-casting oils, fell sharply. Sales of hot-melt adhesives, however, remained firm and were at the same level as in the same period of the previous year. At the Indian subsidiary, which completed construction in July last year, sales of locally produced goods began in January last year, but operations have been forced to stagnate due to the impact of the spread of the novel coronavirus. As a result, segment revenue was ¥2,684 million, down 19.0% year on year, and segment profit was ¥3 million, down 97.3%.」
In Southeast and South Asia, automobile production declined 40.3% year on year, while revenue declined 19.0% and segment profit declined 97.3%. Sales of hot-melt adhesives were at the same level as in the same period of the previous year, but specialty lubricants and stagnant activity at the Indian subsidiary had an impact. - FY2021-Q2WorsenedAnnual report
「As automobile production in the countries where our Group's operating bases are located declined 47.9% year on year during the first half (January to June), sales of specialty lubricants, including die-casting oils, fell sharply. Sales of hot-melt adhesives, however, remained firm and were at the same level as in the same period of the previous year. At the Indian subsidiary, which completed construction in July last year, sales of locally produced goods began in January this year, but operations have been forced to stagnate due to the impact of the spread of the novel coronavirus. As a result, segment revenue was ¥1,867 million, down 14.9% year on year, and segment profit was ¥12 million, down 84.7%.」
In Southeast and South Asia, automobile production declined 47.9% year on year, while segment revenue declined 14.9% and profit declined 84.7%. Sales of hot-melt adhesives were at the same level as in the same period of the previous year, but activity at the Indian subsidiary remained stagnant. - FY2021-Q1WorsenedAnnual report
「Against a deteriorating trade environment resulting from US-China trade tensions and the impact of the spread of the novel coronavirus, automobile production in the main ASEAN countries declined year on year during the first quarter (January to March). Under these conditions, sales of specialty lubricants, including die-casting oils, declined. Sales of hot-melt adhesives, however, remained firm and were at the same level as in the same period of the previous year. As a result, segment revenue was ¥1,072 million, down 4.4% year on year, and segment profit was ¥48 million, down 28.2%.」
While the policy of developing markets in Southeast and South Asia remains unchanged, automobile production and sales of specialty lubricants have declined due to the deteriorating trade environment and the impact of the novel coronavirus, worsening segment revenue and profit. - FY2020WorsenedAnnual report
「As a result, segment revenue was ¥4,448 million, down 6.6% from the previous fiscal year, while segment profit was ¥143 million, down 59.3%, partly due to higher selling, general and administrative expenses at the Indian subsidiary.」
In Southeast and South Asia, some products performed well, but revenue and profit deteriorated due to lower HDD-related demand in Thailand, reduced exports resulting from US-China trade tensions, and lower exports from Indonesia, among other factors. - FY2020-Q3WorsenedAnnual report
「Although shipments of hydraulic fluids in Indonesia remained strong, sales of specialty lubricants declined due to lower shipments of cutting fluids for housing processing in Thailand, reflecting lower hard-disk-drive demand, and reduced automotive-parts exports resulting from US-China trade tensions. Sales of hot-melt adhesives also declined due in part to lower exports from Indonesia. As a result, segment revenue was ¥3,313 million, down 6.9% year on year, and segment profit was ¥113 million, down 63.7%, due to upfront expenses at the Indian subsidiary.」
In Southeast and South Asia, revenue declined 6.9% year on year and profit declined 63.7% due to lower HDD demand and reduced exports resulting from US-China trade tensions, despite strong performance by some products. - FY2020-Q2WorsenedAnnual report
「Sales of specialty lubricants in Thailand declined as shipments of cutting fluids for housing processing fell due to lower hard-disk-drive demand, while exports of automotive parts declined as a result of US-China trade tensions. Sales of hot-melt adhesives also declined due in part to lower exports from Indonesia. As a result, segment revenue was ¥2,195 million, down 5.4% year on year, and segment profit was ¥81 million, down 62.5%, due to a higher cost ratio resulting mainly from the depreciation of the Indonesian rupiah against the US dollar and upfront expenses at the Indian subsidiary.」
In Southeast and South Asia, revenue declined 5.4% year on year and profit declined 62.5% due to lower HDD demand, reduced exports resulting from US-China trade tensions, the depreciation of the Indonesian rupiah and upfront expenses at the Indian subsidiary. - FY2020-Q1WorsenedAnnual report
「Sales of specialty lubricants in Thailand declined as shipments of cutting fluids for housing processing fell due to lower hard-disk-drive demand, while exports of automotive parts declined as a result of US-China trade tensions. Sales of hot-melt adhesives also declined due in part to lower exports. As a result, segment revenue was ¥1,121 million, down 3.3% year on year, and segment profit was ¥68 million, down 39.5%, due to a higher cost ratio resulting mainly from the depreciation of the Indonesian rupiah against the US dollar and upfront expenses at the Indian subsidiary.」
In Southeast and South Asia, revenue declined 3.3% year on year and segment profit declined 39.5% due to lower hard-disk-drive demand, reduced automotive-parts exports resulting from US-China trade tensions, and lower exports. - FY2019AdvancedAnnual report
「We will also expand market development into Vietnam, Malaysia, the Philippines and other countries, centered on our production bases in Thailand and Indonesia. As a result, segment revenue was ¥4,761 million, up 7.3% from the previous fiscal year, but segment profit was ¥351 million, down 21.6%, due to higher raw-material prices resulting mainly from the depreciation of the Indonesian rupiah.」
The Philippines was added to the target markets for development, and revenue in Southeast and South Asia increased 7.3% from the previous fiscal year. Profit, however, declined 21.6% due to higher raw-material prices resulting mainly from foreign-exchange factors. - FY2019-Q3AdvancedAnnual report
「Supported by strong automobile production, shipments of cutting fluids, hydraulic fluids and die-casting oils remained strong. Shipments of hot-melt adhesives also remained strong, supported by expanded sales to existing customers and the acquisition of new customers. As a result, segment revenue was ¥3,560 million, up 7.1% year on year, but segment profit was ¥312 million, down 9.8%, due to higher raw-material prices resulting mainly from the depreciation of the Indonesian rupiah.」
In Southeast and South Asia, shipments of automotive-related products and hot-melt adhesives expanded, driving a 7.1% year-on-year increase in revenue. While sales to existing customers and the acquisition of new customers progressed, profit declined 9.8% due to higher raw-material prices. - FY2019-Q2AdvancedAnnual report
「Supported by strong automobile production, sales of cutting fluids, hydraulic fluids and die-casting oils exceeded the same period of the previous year. Although sales of hot-melt adhesives increased in local-currency terms as a result of expanded sales to existing customers and the acquisition of new customers, sales after translation into yen fell below the same period of the previous year due to the depreciation of the Indonesian rupiah. As a result, segment revenue was ¥2,320 million, up 4.1% year on year, but segment profit was ¥215 million, down 12.7%, due mainly to a higher cost ratio resulting from the depreciation of the Indonesian rupiah and upfront expenses at the Indian subsidiary.」
In Southeast and South Asia, sales of automotive-related products expanded, and revenue increased 4.1% year on year as sales to existing customers and the acquisition of new customers progressed. Profit, however, declined 12.7% due to foreign-exchange factors and upfront expenses at the Indian subsidiary. - FY2019-Q1AdvancedAnnual report
「As automobile production remained above the level of the same period of the previous year, sales of cutting fluids, hydraulic fluids and die-casting oils exceeded the same period of the previous year. Sales of hot-melt adhesives also exceeded the same period of the previous year, owing to expanded sales to existing customers and the acquisition of new customers. As a result, segment revenue was ¥1,159 million, up 7.8% year on year, but segment profit was ¥112 million, down 14.2%, due mainly to a higher cost ratio resulting from the depreciation of the Indonesian rupiah against the US dollar and upfront expenses at the Indian subsidiary.」
In Southeast and South Asia, sales of automotive-related products and hot-melt adhesives expanded, driving a 7.8% year-on-year increase in revenue. While sales to existing customers and the acquisition of new customers progressed, profit declined 14.2% due to foreign-exchange factors and upfront expenses at the Indian subsidiary. - FY2018-Q3AdvancedAnnual report
「As automobile production in Thailand and Indonesia generally remained above the level of the same period of the previous year, sales of specialty lubricants, including die-casting oils, hydraulic fluids and cutting fluids, exceeded the same period of the previous year. Sales of hot-melt adhesives also exceeded the same period of the previous year, due in part to the launch of new products and the acquisition of new customers. As a result, segment revenue was ¥3,323 million, up 11.3% year on year, and segment profit was ¥346 million, up 6.1%.」
Sales of automotive-related products in Thailand and Indonesia increased, while the launch of new hot-melt adhesive products and acquisition of new customers also progressed. Southeast Asian revenue increased 11.3% year on year, and segment profit increased 6.1%. - FY2018-Q2AdvancedAnnual report
「Sales of hot-melt adhesives also exceeded the same period of the previous year, due in part to the launch of new products. As a result, segment revenue was ¥2,228 million, up 10.7% year on year, while segment profit was ¥246 million, up 13.3%, as cost reductions also proved effective.」
In Southeast Asia, the launch of new products and cost reductions proved effective, with revenue up 10.7% year on year and segment profit up 13.3%. - FY2018-Q1AdvancedAnnual report
「In Southeast Asia, we will continue to develop the market while actively capturing demand from automotive parts manufacturers and other customers in Vietnam and Malaysia. As a result, segment revenue was ¥1,075 million, up 8.0% year on year, while segment profit was ¥130 million, up 36.9%, as cost reductions also proved effective.」
The policy of developing the markets in Vietnam and Malaysia was maintained, with Southeast Asia segment revenue up 8.0% year on year and segment profit up 36.9%. - FY2017AdvancedAnnual report
「In Southeast Asia, we will focus on gathering information on local needs and strive to increase our market share, including among local users, by developing products that address those needs in a timely manner. We will also expand market development into Vietnam and Malaysia, centered on our production bases in Thailand and Indonesia.」
The Company indicated a policy of expanding market development into Vietnam and Malaysia, centered on its production bases in Thailand and Indonesia. Southeast Asian revenue increased 6.0% from the previous fiscal year, and segment profit increased 32.0%. - FY2017-Q3AdvancedAnnual report
「In Southeast Asia, we will continue to develop the market while actively capturing demand from automotive parts manufacturers and other customers in Vietnam and Malaysia.」
Vietnam and Malaysia were specified as priority markets in Southeast Asia, clarifying the scope of demand capture in neighboring countries. In the Southeast Asia segment, revenue increased 3.6% year on year and segment profit increased 19.7%. - FY2017-Q2First statedAnnual report
「In Southeast Asia, we will continue to develop the market while actively capturing demand from automotive parts manufacturers and other customers in Thailand, Indonesia and neighboring countries. Sales of specialty lubricants substantially exceeded the same period of the previous year in local-currency terms, supported by the recovery in automobile production, the launch of new products and progress in expanding sales to new customers. Sales of hot-melt adhesives also increased significantly year on year in local-currency terms, due in part to the launch of new products, but sales translated into yen increased only marginally year on year.」
The Company has specified measures to continue developing the Southeast Asian market and capture demand from automotive parts manufacturers and other customers in Thailand, Indonesia and neighboring countries. It also reported progress in launching new products and expanding sales to new customers.