Accelerating overseas expansion and increasing supply capacity in emerging markets
First written in FY2016. 6 of 13 entries say "Advanced", first in FY2017. Latest entry: FY2026.
Mitsubishi Steel Mfg. moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 4 of 23 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「During the current medium-term plan, we will leverage our strengths as ASEAN's only special steel manufacturer to expand sales of high-quality products and increase adoption by Japanese-affiliated and local customers, mainly in ASEAN and India, where local procurement is advancing, thereby expanding revenue opportunities.」
The focus of overseas expansion has been narrowed from broad-based site expansion to increasing adoption of high-quality special steel products and expanding revenue opportunities in ASEAN and India. - FY2023AdvancedAnnual report
「The overseas Indonesian business posted higher profit, helped by quality and cost improvements from equipment modifications and the resulting increase in sales, while the domestic business posted lower profit because of lower sales volumes.」
In overseas expansion, equipment modifications, quality and cost improvements, and higher sales in Indonesia were reflected in higher profit, demonstrating concrete progress in operating the site. - FY2021AdvancedAnnual report
「The pillars of the business recovery plan are returning Indonesia's JATIM and North America's MSSC to profitability. For JATIM, structural reforms and increased orders resulted in an operating profit from the second half of 2020, and operating profit is expected to increase in fiscal 2021. For MSSC, as planned, the U.S. plant will be consolidated into Canada and Mexico by the end of fiscal 2021, with an operating profit expected from fiscal 2022.」
As the focus of overseas expansion shifted from site expansion to business recovery, concrete progress was presented in the form of JATIM's return to operating profitability and MSSC's plant consolidation and plan to return to profitability. - FY2021-Q3RestatedAnnual report
「As an urgent priority, we are pursuing the recovery of our North American springs subsidiary and Indonesian special steel products subsidiary as part of the restructuring of our overseas businesses.」
The focus of overseas expansion continues to shift from expanding sites to restructuring and rebuilding overseas businesses, with renewed efforts targeting the North American springs subsidiary and the Indonesian special steel products subsidiary. - FY2020ReframedAnnual report
「◆Overseas business restructuring <Urgent need to improve profitability at overseas sites>」
The focus shifted from expanding overseas sites to restructuring overseas businesses, including the revival of loss-making operations, consolidation of sites, and accelerated improvement in profitability. - FY2019-Q1AdvancedAnnual report
「During the first quarter of the current consolidated fiscal year, newly established pure holding company MSSC Deutschland GmbH acquired all equity interests in Gebrüder Ahle GmbH & Co. KG. As a result, MSSC Deutschland GmbH, Gebrüder Ahle GmbH, and one of its subsidiaries have been included in the scope of consolidation.」
Regarding the acquisition of the German spring manufacturer, a pure holding company was established and the target company and its subsidiary were included in the scope of consolidation, moving European expansion to the stage of consolidated operations. - FY2018AdvancedAnnual report
「In the springs business, we acquired a German spring manufacturer in April 2018 and made it a wholly owned subsidiary. At our newly established sites in Mexico and China, we have also begun producing stabilizers, while production of heavy-duty coil springs has begun at our site in India.」
The acquisition of the German company and the start of production in Mexico, China, and India moved overseas expansion from the site-establishment and evaluation stage to execution through production and acquisitions. - FY2018-Q3AdvancedAnnual report
「On 29 January 2018, we acquired additional shares in PT.JATIM TAMAN STEEL MFG., an equity-method affiliate, and made it a consolidated subsidiary.」
For Indonesia's PT.JATIM TAMAN STEEL MFG., an additional 20.8% was acquired from a 35.4% voting interest, bringing the post-acquisition interest to 56.2% and making it a consolidated subsidiary. Overseas expansion progressed from investment and business launch to control and consolidation. - FY2017AdvancedAnnual report
「As part of our overseas expansion, we entered Mexico, where the automobile market is expected to grow, and began manufacturing and selling special steel products in Indonesia.」
In addition to entering Mexico, the company began manufacturing and selling special steel products in Indonesia, moving overseas expansion from the planning stage to the business launch stage. - FY2017-Q3RestatedAnnual report
「In the springs business, sales declined by ¥2.018 billion, or 5.5%, year on year to ¥34.575 billion. Although sales expansion in Asia and sales in North America remained firm, revenue declined because exports of commercial vehicles from Japan and sales of precision components decreased, and overseas subsidiaries were affected by foreign-exchange movements.」
Sales expansion in Asia and sales in North America continued, but revenue in the springs business declined because of lower domestic sales and foreign-exchange effects at overseas subsidiaries. - FY2017-Q2RestatedAnnual report
「To strengthen our domestic operating base and accelerate overseas expansion, we will use our cash on hand efficiently to achieve sustainable growth and enhance corporate value.」
The company has reaffirmed overseas expansion as a key measure under its medium-term management plan. - FY2017-Q1RestatedAnnual report
「In the springs business, sales declined by ¥1.365 billion, or 11.0%, year on year to ¥11.010 billion, despite efforts to expand sales in Asia, because exports of commercial vehicles declined and exchange-rate movements affected North America.」
Measures to expand sales in Asia continued, but revenue declined this quarter because of lower commercial vehicle exports and foreign-exchange effects. - FY2016First statedAnnual report
「We will strengthen the operating foundations in our overseas markets, increase supply capacity in emerging markets, and expand our sales regions to accelerate the capture of demand.」
Policy of strengthening overseas operating bases, increasing supply capacity, and expanding sales regions in an integrated manner.