Overseas expansion leveraging ITOCHU Corporation Group’s overseas network
First written in FY2017-Q1. 7 of 14 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2025.
33 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「November 2024: Established 鈴華股份有限公司 in Taipei, Taiwan through a company split (currently a consolidated subsidiary)」
As part of overseas expansion using the international network, 鈴華股份有限公司 was established in Taipei, Taiwan through a company split, creating a new consolidated subsidiary for the Taiwan business. - FY2024-Q1RestatedAnnual report
「In our overseas business, we made Bellsystem24-Hoa Sao Joint Stock Company, which operates contact center businesses at 12 locations in Vietnam, a subsidiary through an additional investment and changed its name to BELLSYSTEM24 VIETNAM Inc. Going forward, we will focus on telecommunications, financial services and e-commerce as growth industries in Vietnam, while providing advanced contact center operations and seeking to create new markets by supporting the digital transformation of Vietnamese companies.」
The conversion of Bellsystem24-Hoa Sao into a subsidiary through an additional 31% investment, resulting in an 80% voting-rights ratio, and its name change have been reconfirmed, with a focus on telecommunications, financial services, e-commerce and digital transformation support for Vietnamese companies. - FY2023AdvancedAnnual report
「As part of efforts to strengthen our overseas business, our group made an additional investment in March 2023 in Bellsystem24-Hoa Sao Joint Stock Company, which operates contact center businesses in Vietnam, raising our group's ownership ratio to 80%.」
The additional 31% investment in Bellsystem24-Hoa Sao in Vietnam was completed in March 2023, raising the ownership ratio from 49% to 80%. - FY2023-Q3AdvancedAnnual report
「To expand the CRM business in Vietnam, our group resolved at a meeting of the Board of Directors held on 21 December 2022 to acquire an additional 31.0% of the issued shares of Bellsystem24-Hoa Sao Joint Stock Company. We entered into a share transfer agreement on 21 December 2022 and planned to acquire the shares on 1 March 2023. ⑥ Ownership ratio after the acquisition: 80.0%」
For Bellsystem24-Hoa Sao in Vietnam, we resolved to acquire an additional 31.0% of its issued shares and presented a plan to raise the ownership ratio to 80.0% after the acquisition on 1 March 2023. - FY2022-Q2AdvancedAnnual report
「We strengthened cooperation with our group company Bellsystem24-HoaSao Joint Stock Company (head office: Hanoi, Vietnam) and commenced offshore operations specializing in support for supervisors, the practical managers of contact center operations.」
Cooperation with Bellsystem24-HoaSao in Vietnam progressed from investment and overseas expansion to the launch of offshore operations that transfer part of the supervisor work at domestic contact centers. - FY2020AdvancedAnnual report
「Specifically, we entered into a share transfer agreement and a shareholders' agreement with Telecom Holdings Co., Ltd., an intermediate holding company of True Corporation Public Co., Ltd., a major telecommunications services provider in Thailand, acquired 49.99% of the issued shares of True Touch Co., Ltd., a leading contact center company, and commenced contact center operations in Thailand. In addition, with the aim of establishing a branch of Bellsystem24, Inc. in Taiwan, we entered into a business alliance agreement with 宏華國際股份有限公司, a contact center operator and wholly owned subsidiary of Chunghwa Telecom Co., Ltd., Taiwan's largest telecommunications company.」
Overseas expansion was made more concrete, progressing from the policy of expanding into Vietnam and ASEAN to launching operations in Thailand through a 49.99% investment and forming a partnership in Taiwan. - FY2019RestatedAnnual report
「We aim to expand our contact center operations overseas, targeting ASEAN countries by leveraging the international networks of the ITOCHU Corporation group and Toppan Printing Co., Ltd. We will customize the contact center operating expertise our group has developed over more than 30 years to suit conditions in each country and provide high-quality local services.」
The policy of expanding overseas into ASEAN countries by leveraging the international networks of the ITOCHU Corporation group and Toppan Printing has been reconfirmed. - FY2018RaisedAnnual report
「We aim to expand our contact center operations overseas, targeting ASEAN countries by leveraging the international networks of the ITOCHU Corporation group and Toppan Printing Co., Ltd. In addition, from the perspectives of further business expansion, diversification of country risk and business continuity planning (BCP), we aim to create new business opportunities with multinational companies that have established offshore operations across multiple locations.」
The scope has expanded from overseas development using the investment in Vietnam as a foothold to overseas operations targeting ASEAN countries, multi-location offshoring and BCP initiatives. - FY2018-Q2RestatedAnnual report
「We also completed the acquisition of a 49% stake in Hoa Sao Group Joint Stock Company, a leading contact center operator in Vietnam, and changed its name to Bellsystem24-Hoa Sao Joint Stock Company.」
The completion of the 49% investment in Hoa Sao and the company's name change have been reconfirmed as part of overseas expansion. - FY2018-Q1AdvancedAnnual report
「During the first quarter, our group acquired a 49.0% interest in Hoa Sao Group Joint Stock Company. Because our group has significant influence over the company's financial and operating policies, we apply the equity method to this investment.」
The acquisition of a 49.0% interest in Hoa Sao Group Joint Stock Company was completed, making it an equity-method affiliate. - FY2017RestatedAnnual report
「We also reached a basic agreement with the existing shareholders of Hoa Sao Group Joint Stock Company, a leading contact center operator in Vietnam, to acquire 49% of its shares. Using this investment as a foothold, we are supporting multinational companies entering the Vietnamese market and addressing offshore demand.」
We continue to expand overseas and address offshore demand, using the basic agreement to acquire a 49% stake in Hoa Sao in Vietnam as a foothold. - FY2017-Q3AdvancedAnnual report
「We continued to focus on creating business opportunities by leveraging the diverse corporate network and business partners of the ITOCHU Corporation group, our largest shareholder, and accelerated overseas expansion using the company's international network and information-gathering capabilities, in addition to expanding our business in Japan. We also reached a basic agreement with the existing shareholders of Hoa Sao Group Joint Stock Company, a leading contact center operator in Vietnam, to acquire 49% of its shares. Using this investment as a foothold, we are supporting multinational companies entering the Vietnamese market and addressing offshore demand.」
Overseas expansion using the international network made concrete progress with a basic agreement to acquire 49% of Hoa Sao's shares, while support for entry into the Vietnamese market and responses to offshore demand were outlined. - FY2017-Q2RestatedAnnual report
「We continued to focus on creating business opportunities by leveraging the diverse corporate network and business partners of the ITOCHU Corporation group, our largest shareholder, and accelerated overseas expansion using the company's international network and information-gathering capabilities, in addition to expanding our business in Japan.」
We continue to create business opportunities and expand overseas by leveraging the ITOCHU Corporation group's domestic and international network and information-gathering capabilities. - FY2017-Q1First statedAnnual report
「In addition to expanding our business in Japan, we accelerated overseas expansion by leveraging the company's international network and information-gathering capabilities.」
In addition to domestic expansion, the first move toward accelerating overseas expansion using ITOCHU Corporation's international network and information-gathering capabilities has been identified.