Expansion of the China Business and Entry into ASEAN Countries
First written in FY2018. 4 of 10 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「We believe it is necessary to expand our market share in new markets by taking overseas the maintenance expertise and energy-saving proposals accumulated in Japan.」
Even after the liquidation of the Vietnamese joint venture, the Company continues to pursue the overseas deployment of its domestic expertise and energy-saving proposals in Southeast Asia and elsewhere, and to strengthen the earnings potential of its overseas business. - FY2021-Q3SoftenedAnnual report
「During the third quarter of the current consolidated fiscal year, SANKI-SONADEZI JOINT STOCK COMPANY (サンキ-ソナデジ株式会社) completed its liquidation and was excluded from the scope of consolidation.」
The liquidation of the Vietnamese joint venture was completed, further reducing the scope of the specific ASEAN overseas expansion conducted through the company. - FY2021-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 17 August 2020, the Company resolved to dissolve and liquidate its consolidated subsidiary, SANKI-SONADEZI JOINT STOCK COMPANY (サンキ-ソナデジ株式会社), which is currently undergoing liquidation proceedings.」
Regarding its policy of expanding overseas business, including in China and ASEAN, the Company continues to disclose that the Vietnamese joint venture is undergoing dissolution and liquidation proceedings. - FY2021-Q1SoftenedAnnual report
「At a meeting of the Board of Directors held on 17 August 2020, the Company resolved to dissolve and liquidate its consolidated subsidiary, SANKI-SONADEZI JOINT STOCK COMPANY (サンキ-ソナデジ株式会社), which is currently undergoing liquidation proceedings.」
Regarding its policy of expanding overseas business, including in China and ASEAN, the Company disclosed the dissolution and liquidation of the Vietnamese joint venture, indicating a reduction in the scope of its specific overseas expansion. - FY2020-Q3RestatedAnnual report
「During the first quarter of the consolidated fiscal year, the Company established the joint venture SANKI-SONADEZI JOINT STOCK COMPANY (サンキ-ソナデジ株式会社) with Vietnam’s Sonadezi Giang Dien company to expand the earnings potential of its overseas business, and included it in the scope of consolidation.」
Regarding its policy of expanding the China business and entering ASEAN, the Company continues to operate with the Vietnamese joint venture included in the scope of consolidation. - FY2020-Q2RestatedAnnual report
「During the first quarter of the consolidated fiscal year, the Company established the joint venture SANKI-SONADEZI JOINT STOCK COMPANY (サンキ-ソナデジ株式会社) with Vietnam’s Sonadezi Giang Dien company to expand the earnings potential of its overseas business, and included it in the scope of consolidation.」
Regarding its policy of expanding the China business and entering ASEAN, the Company continues to operate with the Vietnamese joint venture included in the scope of consolidation. - FY2020-Q1AdvancedAnnual report
「During the first quarter of the current consolidated fiscal year, the Company established the joint venture SANKI-SONADEZI JOINT STOCK COMPANY (サンキ-ソナデジ株式会社) with Vietnam’s Sonadezi Giang Dien company to expand the earnings potential of its overseas business, and included it in the scope of consolidation.」
Regarding its policy of expanding the China business and entering ASEAN, the Company began consolidating the Vietnamese joint venture from the first quarter of the current consolidated fiscal year, moving to a stage of operating the overseas business as a consolidated business. - FY2019AdvancedAnnual report
「On 22 January 2019, the Company entered into a joint venture agreement with Vietnam’s Sonadezi Giang Dien company to expand the earnings potential of its overseas business. On 30 May 2019, it established SANKI-SONADEZI JOINT STOCK COMPANY (サンキ-ソナデジ株式会社), and made its capital contribution on 17 June 2019.」
Regarding its policy of expanding overseas into China and ASEAN countries, the Company disclosed specific progress through a joint venture agreement with a Vietnamese company, establishment of a joint venture, and payment of its capital contribution. - FY2019-Q3AdvancedAnnual report
「Expenses related to research and preparation for overseas expansion increased」
The Company disclosed that research and preparations for overseas expansion were under way in the form of increased expenses. It did not indicate that entry into China or ASEAN countries had been completed. - FY2018First statedAnnual report
「Overseas, we will seek to expand our business by expanding operations in China and entering other ASEAN countries.」
The Company first explicitly identified overseas business expansion through expansion of its China business and entry into other ASEAN countries as a medium- to long-term strategy.