Acquisition of sales channels in the North American automotive aftermarket and shift to direct sales
First written in FY2022-Q1. 8 of 9 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AdvancedAnnual report
「In coating equipment products, airbrush sales in the U.S. returned to the level before the emergence of stay-at-home demand, but overall sales remained firm as customer development progressed in the industrial coatings market.」
The benefits of using sales channels acquired from a North American distributor extended to customer development in the industrial coating market, and the expansion of sales channels following the business acquisition contributed to annual results. - FY2024-Q1AdvancedAnnual report
「In coating equipment products, sales increased as sales of airbrushes declined, while development of the industrial coatings market and sales of spray guns for the automotive refinish market remained firm.」
Business development in the industrial coating market and spray gun sales for automotive refinishing remained firm in the Americas, and the benefits of expanding North American sales channels continued. - FY2023AdvancedAnnual report
「In coating equipment products, airbrush sales in the U.S. returned to the level before the emergence of stay-at-home demand, but overall sales remained firm as customer development progressed in the industrial coatings market.」
The benefits of using sales channels acquired from a North American distributor extended to customer development in the industrial coating market, and the expansion of sales channels following the business acquisition contributed to annual results. - FY2023-Q3AdvancedAnnual report
「In coating equipment products, spray gun sales remained firm not only in the automotive refinish market but also in other markets, reflecting the successful development of sales channels following the acquisition of part of a business in the previous consolidated fiscal year.」
The sales-channel development benefits from the acquisition of a business from a North American distributor extended beyond the automotive refinishing market, and spray gun sales remained firm. - FY2023-Q2AdvancedAnnual report
「In coating equipment products, spray gun sales remained firm not only in the automotive refinish market but also in other markets, reflecting the successful development of sales channels following the acquisition of part of a business in the previous consolidated fiscal year.」
The sales-channel development benefits from the acquisition of a business from a North American distributor in the previous fiscal year extended beyond the automotive refinishing market, and spray gun sales remained firm. - FY2023-Q1AdvancedAnnual report
「In the coating equipment products business, sales of spray guns for the automotive refinishing market remained firm after the development of sales channels through the acquisition of part of a business in the previous fiscal year. In addition, sales of spray units for the woodworking and furniture market increased, resulting in higher sales.」
Use of the sales channels acquired from a North American distributor led to firm sales of spray guns for automotive refinishing and increased sales to the woodworking and furniture market. - FY2022-Q3AdvancedAnnual report
「In the coating equipment products business, sales of hand spray guns for the automotive refinishing market increased during the first quarter, partly as a result of using sales channels acquired through the acquisition of a business.」
Use of the North American sales channels acquired in the first quarter led to increased sales of hand spray guns for the automotive refinishing market. - FY2022-Q2AdvancedAnnual report
「In coating equipment products, sales of spray guns for automotive refinishing increased, helped by the use of sales channels acquired through the purchase of part of a North American distributor's business.」
Use of the sales channels acquired from a North American distributor led to increased sales of spray guns for automotive refinishing. - FY2022-Q1First statedAnnual report
「At a meeting of its Board of Directors held on 9 October 2020, the company resolved that its U.S. consolidated subsidiary, ANEST IWATA USA, Inc., would acquire, effective 1 January 2021, part of the business of Automotive Spraying Equipment Technologies, LLC, a distributor that had established a strong sales network in the automotive refinishing market, primarily in North America. ANEST IWATA USA, Inc. will pursue business expansion in the North American market by selling directly through the acquired sales channels and conducting faster promotional activities and more targeted information gathering.」
The U.S. subsidiary acquired part of the sales business for the North American automotive refinishing market effective 1 January 2021 and is pursuing North American business expansion through direct sales via the acquired channels, faster promotions and information gathering.