Establishment of a Vietnamese Manufacturing and Sales Subsidiary to Build an Integrated Order-Handling Structure in Southeast Asia
First written in FY2020-Q1. 5 of 12 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2023.
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- FY2023WorsenedAnnual report
「Because the fixed assets held by NAGAOKA VIETNAM CO., LTD. were not expected to generate future cash flows exceeding the investment amount, the Company reduced their carrying amount to the recoverable amount and recognized the reduction as an impairment loss, recorded as an extraordinary loss.」
The Company recognized an impairment loss of ¥105.405 million on the full amount of the fixed assets, including the factory, of the Vietnamese subsidiary because future cash flows were not expected to exceed the investment amount. The financial deterioration of the investment in the manufacturing and sales base has become concrete. - FY2022AdvancedAnnual report
「NAGAOKA VIETNAM CO., LTD., which was an unconsolidated subsidiary in the previous consolidated fiscal year, has been included in the scope of consolidation from the current consolidated fiscal year because its materiality increased.」
The Vietnamese subsidiary changed from an unconsolidated subsidiary to a consolidated subsidiary from the fiscal year ending June 2022 because its materiality increased. - FY2022-Q2RestatedAnnual report
「In overseas sales, we remain unable to travel from Japan to local markets and conduct sales activities. Although we are developing and materializing projects from our subsidiary NAGAOKA VIETNAM CO., LTD. in Vietnam and using a local distributor in Malaysia, difficult conditions continue.」
The Company is reaffirming its Southeast Asian sales structure, using the Vietnamese subsidiary as a sales base and a local distributor in Malaysia. - FY2022-Q1RestatedAnnual report
「In Vietnam, the Company is developing and refining projects through its subsidiary, NAGAOKA VIETNAM CO., LTD., while in Malaysia it is using a local distributor. However, conditions remain difficult.」
The Company continues to plan to use the Vietnamese subsidiary as a manufacturing and sales base, but conditions remain difficult for developing overseas projects into specific opportunities. - FY2021AdvancedAnnual report
「NAGAOKA VIETNAM CO., LTD., established as a new manufacturing base for the Group and a wholly owned subsidiary, has prepared to commence factory operations and worked to acquire and improve manufacturing expertise. As a result, it has now reached the stage of starting production for actual projects.」
The Vietnamese subsidiary progressed from trial operation of its manufacturing equipment and acquiring technical expertise to starting production for actual projects. It stated that it will also pursue domestic sales activities in Vietnam going forward, with the aim of expanding orders in Southeast Asia’s water-related business. - FY2021-Q3AdvancedAnnual report
「NAGAOKA VIETNAM CO., LTD., which had been preparing to commence factory operations, is working to acquire and improve manufacturing expertise in preparation for full-scale operations and has reached the stage of considering production for actual projects. Going forward, it will pursue sales activities in Vietnam.」
Following completion of trial operation of its manufacturing equipment, the Vietnamese subsidiary progressed from acquiring and improving manufacturing expertise for full-scale operations to considering production for actual projects. The Company also indicated a policy of commencing sales activities in Vietnam. - FY2021-Q2AdvancedAnnual report
「At NAGAOKA VIETNAM CO., LTD., which had been preparing to commence factory operations, trial operation of the manufacturing equipment has been completed. The Company is now stepping up efforts to acquire and improve manufacturing expertise and expand sales activities in earnest as it establishes the structure needed for full-scale operations.」
The Vietnamese subsidiary progressed from preparing to commence factory operations to completing trial operation of its manufacturing equipment, and has moved on to acquiring and improving manufacturing expertise and expanding sales activities in earnest in preparation for full-scale operations. - FY2021-Q1RestatedAnnual report
「NAGAOKA VIETNAM CO., LTD. is preparing to commence operations by the end of 2020. It is also preparing for factory operations by the end of 2020 and plans to step up sales activities as a sales base, in addition to serving as a manufacturing base, to capture demand in Southeast Asia for services ranging from groundwater extraction through water treatment.」
The Company is reaffirming the Vietnamese subsidiary’s target of commencing factory operations by the end of 2020 and its plan to capture integrated orders in Southeast Asia as a sales base in addition to a manufacturing base. No completion of factory operations has been reported. - FY2020SoftenedAnnual report
「Although delays have occurred as a result of the impact of COVID-19, the Company aims to commence factory operations during the first half of the fiscal year ending June 2021.」
The establishment of the Vietnamese subsidiary was completed, while the start of factory operations was delayed by the impact of COVID-19. A new target was set for commencing operations during the first half of the fiscal year ending June 2021. - FY2020-Q3AdvancedAnnual report
「In March, the Company established NAGAOKA VIETNAM CO., LTD. in Vietnam as a wholly owned subsidiary. It is currently preparing to commence factory operations and aims to expand orders in Southeast Asian countries by developing a local structure capable of undertaking projects on an integrated basis, from groundwater extraction through water treatment.」
The Vietnamese manufacturing and sales subsidiary progressed from the preparation stage to completion of its establishment as a wholly owned subsidiary in March and preparation for the start of factory operations. - FY2020-Q2RestatedAnnual report
「The Company is also proceeding with preparations to establish a manufacturing and sales subsidiary in Vietnam. By developing a structure capable of undertaking projects locally on an integrated basis, from groundwater extraction through water treatment, it aims to expand orders in Southeast Asian countries.」
The Company continues to prepare for the establishment of a manufacturing and sales subsidiary in Vietnam and to develop an integrated order fulfillment structure covering everything from water intake through water treatment. No specific milestone, such as completion of the establishment, has been disclosed. - FY2020-Q1First statedAnnual report
「The Company also decided to establish a manufacturing and sales subsidiary in Vietnam, with the aim of building a structure in Southeast Asian countries where infrastructure development is needed that can undertake projects on an integrated basis, from groundwater extraction through water treatment.」
The Company decided to establish a manufacturing and sales subsidiary in Vietnam to build an integrated project execution structure in Southeast Asia, covering everything from groundwater extraction through water treatment.