Expansion of Overseas Business Centered on ASEAN
First written in FY2016. 15 of 26 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-07.
The whole theme swung hardest in 2022: 1 of 11 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026ReframedAnnual report
「Overseas Working business: Strengthening earnings capacity with a focus on productivity」
The wording has shifted from simple expansion and stable growth in the overseas business to a strategic theme emphasizing productivity gains and stronger earnings capacity. - 2026-05-15ReframedEarnings presentation
「Overseas W (*) will strengthen earnings power in existing countries of operation while exploring new countries and fields for medium- to long-term growth.」
The company shifted from a policy of simply expanding its overseas business to one that prioritizes strengthening earnings power in existing countries while exploring new countries and fields. - FY2025ReframedAnnual report
「Strategy III: Stable growth in the overseas Working business」
In addition to the previous focus on expanding the overseas business, the strategic wording has shifted to “stable growth” in light of the continued hiring restraint among major customers. - FY2023-Q3AdvancedAnnual report
「Acquisition date: 30 November 2022 / Percentage of voting equity interest acquired: 100% / The acquisition will enable the Group to strengthen and expand its staffing services business in Oceania.」
The acquisition of u&u GWS Pty Ltd expanded the recruitment and staffing network in Oceania. The consideration for the acquisition was ¥1,791 million, and cash outflow related to the acquisition was ¥1,757 million. - FY2023-Q2AdvancedAnnual report
「Economic conditions showed signs of recovery as entry restrictions were fully lifted in both Australia and Singapore, among other factors. Demand for human resources remained firm, as the number of job openings in both Australia and Singapore stayed at historically high levels, and both recruitment and staffing services performed steadily.」
In the overseas WORK business, the number of job openings reached a record-high level against the backdrop of the full reopening of Australia and Singapore to international arrivals. Both recruitment and staffing services remained firm. Revenue was ¥29,744 million, and segment profit was ¥1,914 million. - FY2023-Q1AdvancedAnnual report
「Economic conditions showed signs of recovery as entry restrictions were fully lifted in both Australia and Singapore, among other factors. As a result, demand for human resources increased, and both staffing and recruitment services remained firm.」
In the overseas business, demand for human resources increased following the reopening of Australia and Singapore to international arrivals. The overseas WORK business recorded external revenue of ¥14,042 million and segment profit of ¥855 million. - FY2022-Q3AdvancedAnnual report
「As a result, the overseas WORK business recorded external revenue of ¥36,432 million, up 33.6% year on year, and segment profit of ¥2,473 million, up 65.4%.」
External revenue and segment profit in the overseas WORK business exceeded the previous year's levels, demonstrating the expansion of the overseas human resources services business in its financial results. - FY2021RestatedAnnual report
「In the human resources services business operating across ASEAN and Oceania, the spread of infections has been contained and is gradually subsiding. Against this backdrop, staffing services, supported by stable demand, remained firm.」
The Group continues to operate in its overseas markets, focusing on staffing services. External revenue from the overseas WORK business was ¥36,920 million, up 2.3% year on year. - FY2020-Q3AdvancedAnnual report
「In addition, Quay Appointments Pty Ltd and 2 other companies, made consolidated subsidiaries in September 2018; The Chapman Consulting Group Pte. Ltd. and 6 other companies, made consolidated subsidiaries in January 2019; and u&u Holdings Pty Ltd and 2 other companies, made consolidated subsidiaries in April 2019, contributed to results.」
In the overseas HR business in Oceania and ASEAN, u&u Holdings Pty Ltd and 2 other companies made further contributions to results in addition to those of the existing acquired companies. Revenue was ¥27,388 million, up 43.6% year on year, and segment profit was ¥727 million, up 27.1%. - FY2020-Q2AdvancedAnnual report
「Quay Appointments Pty Ltd and 2 other companies, made consolidated subsidiaries in September 2018; The Chapman Consulting Group Pte. Ltd. and 6 other companies, made consolidated subsidiaries in January 2019; and u&u Holdings Pty Ltd and 2 other companies, made consolidated subsidiaries in April 2019, contributed to results.」
The overseas HR business in Oceania and ASEAN expanded to revenue of ¥18,374 million, up 51.9% year on year, as the acquired companies contributed to results. Meanwhile, segment profit was ¥433 million, down 8.5%, due to management costs and other expenses associated with the increase in overseas subsidiaries. - FY2020-Q1AdvancedAnnual report
「The acquisition of these shares enables the Group to strengthen and expand its human resources services business in Oceania.」
The acquisition of u&u Holdings Pty Ltd and other companies expanded the Group's human resources services business in Oceania, including Australia. Revenue from the overseas HR business was ¥9,107 million. - FY2019-Q3AdvancedAnnual report
「The acquisition of these shares enables the Group to strengthen and expand its global network in the human resources services business. / Voting rights ratio to be acquired: 51% / Acquisition cost: ¥1,888 million」
Following the acquisition of Quay Appointments and other companies in Australia, the Group acquired The Chapman Consulting Group in Singapore in January 2019. Revenue from the overseas HR business rose to ¥19,066 million, and segment profit to ¥563 million. - FY2019-Q2AdvancedAnnual report
「Overseas, the Group made Quay Appointments Pty Ltd and 2 other companies, which specialize in staffing services for government agencies in Australia, consolidated subsidiaries in September 2018. / The acquisition of these shares enables the Group to strengthen and expand its human resources services business in Oceania. / Voting rights ratio acquired: 51%」
The acquisition of Quay Appointments and other companies expanded the Group's service offering in Oceania, including staffing services for government agencies in Australia. - FY2019-Q1AdvancedAnnual report
「The overseas HR business operating across ASEAN and Oceania benefited from the steady expansion of the Singapore and Australian consolidated subsidiaries. In addition, DFP Recruitment Holdings Pty Ltd, made a consolidated subsidiary in January 2018, contributed to results from the beginning of the fiscal year. As a result, the overseas HR business recorded revenue of ¥5,806 million, up 145.2% year on year, and segment profit of ¥263 million, up 1,112.5%.」
DFP Recruitment Holdings began contributing to results from the beginning of the fiscal year, and revenue from the overseas HR business rose to ¥5,806 million, up 145.2% year on year. - FY2018AdvancedAnnual report
「The overseas HR business operating across ASEAN and Oceania expanded steadily. Asia Recruit Holdings Sdn. Bhd. (June 2016), Ethos Corporation Pty Ltd and 2 other companies (January 2017), and DFP Recruitment Holdings Pty Ltd (January 2018), which provides staffing and recruitment services for administrative and call-center positions in Australia, contributed to results from the beginning of the fiscal year.」
The acquisition of DFP Recruitment Holdings strengthened the Group's human resources services business in Australia, and the overseas HR business was disclosed as a separate reportable segment. - FY2018-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 19 December 2017, the Company and its consolidated subsidiary WILL GROUP Asia Pacific Pte. Ltd. resolved to acquire the shares of DFP Recruitment Holdings Pty. Ltd. and make it a subsidiary, and acquired the shares on 5 January 2018.」
In its overseas business, the Group acquired DFP Recruitment Holdings Pty. Ltd., which provides recruitment and staffing services in Australia, strengthening and expanding its human resources services business in Oceania. The voting rights ratio acquired was 60%, and the acquisition cost was ¥1,138 million. - FY2018-Q2RestatedAnnual report
「The overseas business operating mainly in Singapore and Australia and across ASEAN and Oceania expanded steadily, as the consolidation of Asia Recruit Holdings Sdn. Bhd. as a subsidiary (June 2016) and Ethos Corporation Pty. Ltd. and 2 other companies (January 2017) contributed to results from the beginning of the fiscal year.」
The Group states that its existing overseas businesses, mainly in Malaysia, Singapore and Australia, contributed to results from the beginning of the fiscal year and are expanding steadily. It does not report any acquisition involving a new market. - FY2018-Q1RestatedAnnual report
「The overseas business operating mainly in Singapore and across ASEAN expanded steadily, as the consolidation of Asia Recruit Holdings Sdn. Bhd. as a subsidiary (June 2016) and Ethos Corporation Pty. Ltd. and 2 other companies (January 2017) contributed to results from the beginning of the fiscal year.」
The Group states that its existing Malaysia and Oceania businesses contributed to results from the beginning of the fiscal year and that overseas operations focused on ASEAN continue to expand. It does not report any acquisition involving a new market. - FY2017AdvancedAnnual report
「The overseas business operating mainly in Singapore and across ASEAN expanded steadily. In addition to the consolidation of Asia Recruit Holdings Sdn. Bhd. as a subsidiary, the Group expanded its operating region to Oceania by making Ethos Corporation Pty. Ltd. and 2 other companies consolidated subsidiaries.」
Following its entry into Malaysia, the Group expanded its operating region to Oceania and strengthened its executive search business in Singapore. - FY2017-Q3AdvancedAnnual report
「The acquisition of these shares enables the Group to provide human resources services in Oceania and strengthen and expand its executive search business in Singapore.」
As a significant subsequent event, the Group acquired 3 companies in Australia and Singapore on 25 January 2017. The voting rights ratio after the acquisitions ranged from 69.97% to 71.43%, giving concrete form to its entry into Oceania and the strengthening of its executive search business in Singapore. - FY2017-Q2RestatedAnnual report
「The overseas business operating mainly in Singapore and across ASEAN was contributed to results from the beginning of the fiscal year by Oriental Aviation International Pte. Ltd. and other companies, which became consolidated subsidiaries in February 2016.」
The Group continues to operate its overseas business mainly in Singapore and across ASEAN. It states that its existing overseas subsidiaries contributed to results from the beginning of the fiscal year, but does not report any acquisition involving a new market. - FY2017-Q1AdvancedAnnual report
「Business combination date: 30 June 2016 (deemed acquisition date) / The acquisition of these shares enables the Group to enter Malaysia and cover its major cities.」
As part of its ASEAN expansion, the Group made a human resources services company covering Malaysia's major cities a consolidated subsidiary. - FY2016First statedAnnual report
「In terms of overseas expansion, the Company has already entered Singapore and other markets, and will continue to pursue expansion, primarily in the ASEAN region, where growth is expected.」
The Company’s policy is to expand its overseas staffing services into ASEAN, using Singapore as a foothold.