Making PT.Yamakou Indonesia a Wholly Owned Subsidiary and Expanding Indonesian Operations
First written in FY2017-Q3. 5 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 9 companies on the "Worse" side.
13 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the fiscal year ending March 2026, progress was made in improving the earnings structure, with the Indonesian and Indian plants achieving profitability for the first time.」
Profitability at the Indonesian plant improved following its acquisition and the expansion of the facility, and the plant achieved profitability for the first time together with the Indian plant. - FY2022Cited as achievedAnnual report
「Beginning with the incorporation of 船橋電子株式会社 in 2015, the Company has pursued active investment to expand its global business, including the establishment and expansion of the Saitama plant, the establishment and expansion of plants in Mexico, the acquisition of the business of Electronic Stamping Corporation in the United States, the acquisition of PT. Advanex Precision Indonesia in Indonesia, the establishment of the Indian plant, and the establishment of the Czech plant.」
Past investment in expanding global facilities, including the acquisition of the Indonesian plant, is cited as a track record in expanding the global business. - FY2020RestatedAnnual report
「Since formulating its medium-term management plan in 2015, the Company has pursued active investment to expand its global business, including the incorporation of 船橋電子株式会社, the establishment and expansion of the Saitama plant, the establishment and expansion of plants in Mexico, the acquisition of the business of the U.S. press plant, the acquisition of the Indonesian plant, the establishment of the Indian plant, and the establishment of the Czech plant.」
The expansion of global facilities, including the acquisition of the Indonesian plant, was reconfirmed as an investment track record under the previous medium-term management plans. - FY2020-Q2AdvancedAnnual report
「Revenue fell 4.2% year on year to ¥4,028 million, mainly because the China business remained sluggish due to the impact of US-China trade friction. Segment profit rose 14.9% to ¥283 million, despite higher start-up costs at the India plant, mainly because profitability at the Indonesia plant improved.」
Improved profitability at the Indonesian plant continued to be reflected in the results, and segment profit in Asia increased 14.9% year on year. Meanwhile, start-up costs at the Indian plant continued. - FY2020-Q1AdvancedAnnual report
「Segment profit increased 8.5% year on year to ¥142 million, despite higher start-up costs at the Indian plant, mainly because profitability at the Indonesian plant improved.」
Improved profitability at the Indonesian plant was reported in the results, and segment profit in Asia increased 8.5% year on year. - FY2018RestatedAnnual report
「Overseas, the Company acquired PT. Yamakou Indonesia (currently PT. Advanex Precision Indonesia) to strengthen its business in Indonesia, the most populous country in Southeast Asia, and made it a wholly owned subsidiary in January 2017. It will further expand its business scope by installing equipment for coiled springs and forming processes, which the company had not previously had.」
The full ownership of Yamakou was also confirmed for the full year, and plans are in place to expand the business scope by installing equipment for coiled springs and forming processes. Completion of the equipment installation was not indicated. - FY2018-Q3RestatedAnnual report
「The inclusion of PT. Yamakou Indonesia in the consolidated group and strong automotive and office equipment demand drove sales up 27.2% year on year to ¥6,307 million, but segment profit fell 33.5% to ¥376 million due to higher fixed costs and a change in the allocation of head office expenses.」
The inclusion in the scope of consolidation of PT. Yamakou Indonesia, acquired in the previous fiscal year, continued to be reflected as a factor behind the increase in cumulative third-quarter sales in Asia. No new completion of the acquisition or achievement of expanded production capacity was indicated. - FY2018-Q2RestatedAnnual report
「The inclusion of PT. Yamakou Indonesia in the consolidated group and strong automotive and office equipment demand drove sales up 30.4% year on year to ¥4,202 million, but segment profit fell 33.6% to ¥236 million due to higher fixed costs, a change in the allocation of head office expenses, and delays in collecting part of the proceeds from scrap sales.」
The inclusion in the scope of consolidation of PT. Yamakou Indonesia, acquired in the previous fiscal year, continued to be reflected as a factor behind the increase in cumulative second-quarter sales in Asia. No new completion of the acquisition or achievement of expanded production capacity was indicated. - FY2018-Q1AdvancedAnnual report
「The inclusion of PT. Yamakou Indonesia in the consolidated group and strong automotive demand drove sales up 22.5% year on year to ¥1,981 million, but segment profit fell 25.2% to ¥125 million due to higher fixed costs and a change in the allocation of head office expenses.」
PT.Yamakou Indonesia, acquired in the previous fiscal year, became newly subject to consolidation in the current quarter, and its results were reflected as a factor behind the increase in sales in Asia. - FY2017RestatedAnnual report
「By making Yamakou a consolidated subsidiary, the Company will secure a manufacturing base in Indonesia and seek to expand distribution channels to new customers. It will also seek to stabilize Yamakou’s management foundation, improve its technical capabilities and production efficiency, enhance its credibility with markets and customers, and expand orders. Going forward, the Company will introduce its core products, including coiled springs and deep-drawn products, while expanding Yamakou’s production capacity.」
The full ownership of PT.Yamakou Indonesia and its inclusion in the scope of consolidation were also confirmed in the full-year report, which again explains the aims of expanding the manufacturing base, distribution channels, technical capabilities and production capacity. The acquisition itself had already been completed as of the previous quarterly report, and no new completion stage was indicated this time. - FY2017-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 19 December 2016, the Company resolved to acquire PT.Yamakou Indonesia (West Java, Indonesia; hereinafter, “Yamakou”) as a subsidiary jointly with its consolidated subsidiary Advanex (Singapore)Pte.Ltd. The Company entered into a share transfer agreement on 20 December 2016 and acquired all shares on 12 January 2017. The voting rights acquired totaled 100.00% (92.21% held by the Company and 7.79% by Advanex(Singapore)Pte.Ltd.).」
The acquisition of all shares in Yamakou marks the first disclosure of measures to secure a manufacturing base in Indonesia, expand distribution channels to new customers, improve the management foundation, technical capabilities and production efficiency, increase orders, and expand production capacity in the future.