Kyowakogyosyo (5971) · InitiativeDropped
Strengthening Sales Through the Chinese Subsidiary
First written in FY2016. 2 of 3 entries say "Dropped", first in FY2017. Latest entry: FY2023-Q1.
3entries
7years
0from disclosures
How it moved
Same theme, other companies
Establishment and Review of In-House Sales Operations in Major Chinese CitiesA theme 6 companies write about · 0 as a headwind · 6 as a tailwind
1 other company's latest entry also says "Dropped".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2023-Q1DroppedAnnual report
「The consolidated subsidiary had been selling bolts for construction machinery and other products in China. However, after considering the rationality of the business as a whole, including the concentration of management resources and greater management efficiency, the group decided to dissolve and liquidate the local entity.」
Regarding the theme of strengthening sales through the former Chinese subsidiary, the subsidiary is to be dissolved and liquidated. The filing states that product supplies to the Chinese market will continue through sales by the parent company. - FY2017DroppedAnnual reportThis filing contains no direct indication that sales through the Chinese subsidiary will be strengthened. It only states that overseas sales are conducted through overseas subsidiaries and trading companies.
- FY2016First statedAnnual report
「Last fiscal year, we amended the articles of incorporation of Kyowa Kikai (Shandong) Co., Ltd., our Chinese subsidiary, enabling it to sell all products handled by our Japanese head office. This fiscal year, we will seek to strengthen sales in China as well.」
After expanding the range of products that the Chinese subsidiary may sell through an amendment to its articles of incorporation, the company indicated that it would strengthen sales in China during the current fiscal year.