Growth and Restructuring of Overseas Subsidiaries
First written in FY2016. 15 of 31 entries say "Advanced", first in FY2020-Q3. Latest entry: 2026-08-06.
No other company in this theme has enough history to compare yet.
- 2026-08-06WorsenedFinancial results presentation
「In the Asia segment, the impact of the stagnant real estate market in China continues. Sales declined year on year during the quarter because of lower sales volumes of air-conditioning equipment.」
In the overseas business, the company reports lower sales volumes and revenue in the Asia segment, indicating that the earnings environment has deteriorated from the previous fiscal year. - FY2026AdvancedAnnual report
「In the consolidated fiscal year under review, increased sales of air-conditioning equipment and construction projects resulted in revenue of ¥8,092 million, up 10.9% from the previous fiscal year. On the earnings side, although profit recognition on construction projects progressed, intense price competition in equipment sales continued, resulting in a segment loss (operating loss) of ¥116 million, compared with a segment loss of ¥283 million in the previous fiscal year.」
In the overseas business, revenue increased 10.9% due to higher sales of air-conditioning equipment and more construction projects, while the operating loss narrowed to ¥116 million from ¥283 million. However, price competition in equipment sales continues. - FY2026-H1AdvancedAnnual report
「Under these conditions, during the six months ended 30 September, increased sales volumes of air-conditioning equipment resulted in revenue of ¥3,423 million, up 26.2% year on year. On the earnings side, in addition to higher profit from increased equipment sales, the recognition of profit on construction projects progressed, resulting in segment profit (operating profit) of ¥32 million, compared with a segment loss of ¥112 million in the same period of the previous year.」
In the Asia business, higher air-conditioning equipment sales volumes increased revenue 26.2% year on year, and results turned from an operating loss of ¥112 million to an operating profit of ¥32 million. - FY2025WorsenedAnnual report
「In China, the business environment has become more challenging and uncertain amid deteriorating economic sentiment and stagnation in the real estate market. In the consolidated fiscal year under review, revenue was ¥7,298 million, down 3.2% from the previous fiscal year, due to a decline from the elevated level of the previous fiscal year caused by shifted delivery schedules. On the earnings side, despite measures to improve profit margins in both sales and manufacturing, intense price competition continued, resulting in a segment loss (operating loss) of ¥283 million, compared with segment profit of ¥135 million in the previous fiscal year.」
In the overseas business, deteriorating economic sentiment in China, stagnation in the real estate market and price competition reduced revenue, and results turned from operating profit to an operating loss of ¥283 million. - FY2025-H1WorsenedAnnual report
「In China, amid the impact of a stagnant economy and real estate market, revenue was ¥2,713 million, down 24.6% year on year, due to a decline from the elevated revenue of the same period of the previous year. On the earnings side, despite measures to improve profit margins in both sales and manufacturing, intense price competition continued, resulting in a segment loss (operating loss) of ¥112 million, compared with segment profit of ¥24 million in the same period of the previous year.」
While the company is pursuing measures to improve profitability in the overseas business, operating results in the China business deteriorated due to lower revenue and price competition. - FY2024AdvancedAnnual report
「In China, economic activity is showing signs of recovery due to the effects of government policies. Against this backdrop, shifted delivery schedules from the end of the previous period to the current period due to the impact of COVID-19, together with the weaker yen, contributed to revenue of ¥7,539 million, up 21.3% from the previous fiscal year. On the earnings side, improved profit margins in sales and manufacturing resulted in segment profit (operating profit) of ¥135 million, compared with a segment loss of ¥68 million in the previous fiscal year.」
In the China business, the company improved profit margins in sales and manufacturing, turning results from an operating loss of ¥68 million to an operating profit of ¥135 million. - FY2024-Q3AdvancedAnnual report
「In China, the recovery in economic activity has weakened amid stagnation in the real estate market. Against this backdrop, delivery schedules were shifted from the end of the previous period to the current period due to the impact of COVID-19, and the weaker yen also contributed to revenue of ¥5,476 million, up 32.1% year on year. On the earnings side, cost-reduction measures and improved profitability accompanying higher revenue resulted in segment profit (operating profit) of ¥47 million, compared with a segment loss of ¥183 million in the same quarter of the previous year.」
In the Asia business, including China, the company pursued cost-reduction measures. Revenue increased 32.1% year on year, and results turned from an operating loss to an operating profit of ¥47 million. - FY2024-Q2AdvancedAnnual report
「In China, the recovery in economic activity has weakened amid stagnation in the real estate market. Against this backdrop, the company worked to expand orders, and delivery schedules were shifted from the end of the previous period to the current period due to the impact of COVID-19. As a result, revenue was ¥3,597 million, up 92.1% year on year. On the earnings side, improved profitability accompanying higher revenue resulted in segment profit (operating profit) of ¥24 million, compared with a segment loss of ¥56 million in the same quarter of the previous year.」
In the China business, the company worked to expand orders, and revenue increased 92.1% year on year, including the impact of shifted delivery schedules, while results turned from an operating loss to an operating profit of ¥24 million. - FY2024-Q1Revenue up, profit downAnnual report
「In China, the economy is showing signs of recovery, although growth in fixed asset investment has recently slowed. Against this backdrop, revenue was ¥1,500 million, up 79.6% year on year, partly because delivery schedules were shifted from the previous period due to the impact of COVID-19. On the earnings side, the segment profit (operating profit) was ¥13 million, down 22.9% year on year, due to intense price competition and higher costs.」
In the China business, revenue increased 79.6% year on year, while operating profit fell 22.9% due to price competition and higher costs. - FY2023RestatedAnnual report
「The company will improve profitability by deploying the cost-reduction expertise developed in Japan in the Chinese market.」
The company continues to strengthen the profitability and business foundations of its overseas subsidiaries by deploying expertise from Japan overseas. - FY2023-Q3RestatedAnnual report
「The company has pursued a profitability-focused sales strategy and other initiatives in the China business.」
The China business continues to pursue a sales strategy focused on profitability. - FY2023-Q2RestatedAnnual report
「Improved profit margins in the China business」
In the overseas business, the company continues to improve profit margins in the China business. - FY2023-Q1AdvancedAnnual report
「On the earnings side, in addition to pursuing profitability-focused sales activities, the company collected accounts receivable and recognized a gain from the reversal of the allowance for doubtful accounts. As a result, the segment profit (operating profit) was ¥17 million, compared with a segment loss of ¥161 million in the same quarter of the previous year.」
In the China business, the company continued profitability-focused sales activities, turning results from an operating loss of ¥161 million to an operating profit of ¥17 million. - FY2022AdvancedAnnual report
「In China, economic activity in some regions has been constrained by the resurgence of COVID-19, but the economy is showing signs of recovery. In addition to the profitability-focused sales strategy and strengthened cost management pursued for several years, the weaker yen contributed to revenue of ¥6,204 million, up 17.3% from the previous fiscal year. The segment profit (operating profit) was ¥78 million, compared with a segment loss of ¥89 million in the previous fiscal year.」
In the China business, the company continued its profitability-focused sales strategy and cost management, with revenue increasing 17.3% and results turning from an operating loss to an operating profit of ¥78 million. - FY2022-Q3AdvancedAnnual report
「Against this backdrop, the company worked to shift to a sales strategy focused on profitability, resulting in revenue of ¥3,828 million, up 24.9% year on year, although the segment loss (operating loss) was ¥66 million, compared with a segment loss of ¥75 million in the same quarter of the previous year.」
In the Asia business, the company continued its profitability-focused sales strategy. Revenue increased 24.9% year on year, while the operating loss narrowed to ¥66 million from ¥75 million. - FY2022-Q2AdvancedAnnual report
「The company increased sales, mainly of high-performance AHUs proposed from the planning stage, resulting in revenue of ¥2,545 million, up 35.3% year on year. However, profitability recovery remained challenging, and the additional provision for allowance for doubtful accounts resulted in a segment loss (operating loss) of ¥124 million, compared with a segment loss of ¥77 million in the same quarter of the previous year.」
In the China business, proposals for high-performance AHUs from the planning stage increased revenue by 35.3% year on year. However, profitability recovery remained challenging, and the operating loss widened to ¥124 million from ¥77 million. - FY2022-Q1AdvancedAnnual report
「Against this backdrop, the company increased sales, mainly of high-performance AHUs proposed from the planning stage, resulting in revenue of ¥1,096 million, up 79.9% year on year. On the earnings side, due to intensified price competition and higher material costs, the segment loss (operating loss) was ¥161 million, compared with a segment loss of ¥170 million in the same quarter of the previous year.」
In the China business, the company continued proposing high-performance AHUs from the planning stage. Revenue increased 79.9% year on year, while the operating loss narrowed to ¥161 million from ¥170 million. - FY2021-Q3AdvancedAnnual report
「Against this backdrop, the company focused on shifting to a sales strategy centered on profitability and strengthening cost management. As a result, revenue was ¥3,064 million, down 11.0% year on year, and the segment loss (operating loss) was ¥75 million, compared with a segment loss of ¥135 million in the same quarter of the previous year.」
Continuing its profitability-focused sales strategy and strengthening cost management, the Asia segment's operating loss narrowed to ¥75 million from ¥135 million in the same period of the previous year. - FY2021-Q2AdvancedAnnual report
「In China, the economy is recovering, although the company needs to monitor the impact of infectious disease trends and volatility in the financial and capital markets. A continued recovery, including in fixed asset investment, is expected. Against this backdrop, the company worked to shift to a sales strategy focused on profitability and strengthen cost management, and focused on proposing high-performance air-conditioning equipment. As a result, revenue was ¥1,881 million, up 3.0% year on year, and the segment loss (operating loss) was ¥77 million, compared with a segment loss of ¥246 million in the same quarter of the previous year.」
In the China business, the company continued profitability-focused sales, cost management and proposals for high-performance air-conditioning equipment. Revenue increased 3.0% year on year, while the operating loss narrowed to ¥77 million from ¥246 million. - FY2021-Q1AdvancedAnnual report
「Against this backdrop, the company worked to shift to a sales strategy focused on profitability and strengthen cost management, and focused on proposing high-performance air-conditioning equipment from the planning stage. As a result, revenue was ¥609 million, up 3.0% year on year. On the earnings side, recovery from the COVID-19 pandemic was faster, with results exceeding those of the same quarter of the previous year under the new sales strategy, and the segment loss (operating loss) was ¥170 million, compared with a segment loss of ¥308 million in the same quarter of the previous year.」
In the China business, the company pursued profitability-focused sales, cost management and proposals for high-performance products from the planning stage. Revenue increased 3.0% year on year, while the operating loss narrowed to ¥170 million from ¥308 million. - FY2020AdvancedAnnual report
「On the sales side, the company focused on proposing high-performance air-conditioning equipment from the planning stage, resulting in revenue of ¥5,393 million, up 28.8% from the previous fiscal year. On the earnings side, although the profit margin improved, the impact of intensified price competition and other factors remained, and the segment loss (operating loss) was ¥59 million, compared with a segment loss of ¥894 million in the previous fiscal year.」
In the China business, the company proposed high-performance products from the planning stage and pursued profitability-focused sales, resulting in higher revenue and a significant reduction in the operating loss. - FY2020-Q3AdvancedAnnual report
「In China, economic activity has weakened further, particularly in manufacturing, and the economy continues to slow moderately. While the company is working to shift to a sales strategy focused on profitability and strengthen cost management, and there are signs of improvement, revenue was ¥3,443 million, up 4.0% year on year, and the segment loss (operating loss) was ¥135 million, compared with a segment loss of ¥551 million in the same quarter of the previous year.」
While continuing its profitability-focused sales strategy and strengthening cost management, Asia revenue increased 4.0% year on year and the operating loss narrowed to ¥135 million from ¥551 million in the same period of the previous year. - FY2020-Q2RestatedAnnual report
「Although China’s economy is expected to continue slowing moderately and the shift to a sales strategy focused on profitability is under way, it has not been sufficient to offset the decline in air-conditioning equipment sales. Sales were ¥1,826 million, down 16.3% year on year, and the segment loss (operating loss) was ¥246 million, compared with a segment loss of ¥349 million in the same quarter of the previous year.」
The China subsidiary continues to shift to a sales strategy focused on profitability. Although this has not offset the decline in air-conditioning equipment sales, the operating loss narrowed to ¥246 million from ¥349 million in the same period of the previous year. - FY2020-Q1RestatedAnnual report
「We will pursue structural reforms at the Chinese local subsidiary, including a shift to a sales strategy focused on profitability and stronger cost management, with the aim of restoring its earnings structure.」
Structural reforms at the Chinese local subsidiary continue, including a shift to a sales strategy focused on profitability and stronger cost management. - FY2019RestatedAnnual report
「We will pursue structural reforms at the Chinese local subsidiary, including a shift to a sales strategy focused on profitability and stronger cost management, with the aim of restoring its earnings structure.」
For the overseas business, the company continues to target the recovery of the Chinese local subsidiary’s earnings structure through a sales strategy focused on profitability, cost management and structural reforms. - FY2019-Q3ReframedAnnual report
「Although structural reforms are currently under way, including a shift to a sales strategy focused on profitability, intensified market price competition resulted in sales of ¥3,311 million, down 26.6% year on year, and a segment loss (operating loss) of ¥551 million, compared with a segment loss of ¥312 million in the same quarter of the previous year.」
Regarding the expansion and reorganisation of the overseas business, the focus in the Asian business has shifted to structural reforms, including a shift to a sales strategy focused on profitability. - FY2018RestatedAnnual report
「We will strengthen technical support and management for our Chinese local subsidiary and seek to restore its earnings structure.」
For the overseas business, the company has set out the recovery of the earnings structure through stronger technical support and management of its Chinese local subsidiary. - FY2017RestatedAnnual report
「In the Asian business, we aim to expand profitability by leveraging the group’s collective capabilities, including production guidance from Japan’s mother plant, which has accumulated manufacturing know-how, and sales support from our company, including strengthening distributors in the ASEAN region.」
The previous policy of expanding and reorganising the overseas business is presented through specific measures: production guidance from the Japanese mother plant, strengthening ASEAN distributors and sales support. - FY2017-Q3RestatedAnnual report
「We worked to strengthen support for overseas affiliates and improve development capabilities, among other initiatives.」
We continue to strengthen support for overseas affiliates and improve development capabilities. - FY2017-Q2RestatedAnnual report
「We worked to strengthen support for overseas affiliates and improve development capabilities, among other initiatives.」
We continue to strengthen support for overseas affiliates. - FY2016First statedAnnual report
「We worked to expand and reorganise the businesses of our overseas subsidiaries.」
The company presents expansion and reorganisation together as its policy for the overseas business.