Expansion of the China Business
First written in FY2016. 17 of 28 entries say "Advanced", first in FY2020-Q3. Latest entry: 2026-08-06.
No other company in this theme has enough history to compare yet.
- 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.」
Regarding the expansion and restoration of the China business, air-conditioning equipment sales and construction projects increased, revenue rose 10.9%, and the operating loss narrowed, although the business remains loss-making at the operating level. - 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.」
Regarding the theme of expanding and restoring the China business, air-conditioning equipment sales increased, revenue rose 26.2%, and operating income turned from an operating loss to ¥32 million. - FY2025WorsenedAnnual report
「In China, the business environment has become more challenging and uncertain amid deteriorating economic sentiment and the stagnation of the real estate market.」
Regarding the theme of expanding and restoring the China business, the business environment has become more challenging and uncertain due to worsening business sentiment and stagnation in the real estate market. - 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.」
The China business was affected by a stalled economy, stagnation in the real estate market and price competition. Revenue fell 24.6% year on year, and results turned from operating profit to an operating loss of ¥112 million. - FY2024AdvancedAnnual report
「Profitability remains weak because the market is highly competitive, making improvement a key challenge going forward. To promote local production for local consumption, the company will provide technical support and know-how from Japan, emphasize differentiation in sales and manufacturing, and offer comprehensive services including air-conditioning construction, with the aim of raising selling prices, reducing costs and improving profitability.」
The China business expansion theme has been translated into concrete initiatives to promote local production for local consumption, provide technical support and know-how from Japan, and raise selling prices and reduce costs through comprehensive services including air-conditioning construction. The business has turned profitable for the full fiscal year. - 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.」
Although the China business continues to face a weak economic recovery, cost-reduction measures and higher revenue resulted in a shift from an operating loss to an operating profit of ¥47 million. - FY2024-Q2Revenue up and operating results turn positive, but economic recovery remains weakAnnual 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.」
The China business showed higher revenue and a return to operating profitability, while the weakness of the economic recovery associated with stagnation in the real estate market was noted. - FY2024-Q1WorsenedAnnual report
「In China, the economy is showing signs of recovery, although growth in fixed asset investment has recently slowed.」
As the company seeks to expand and restore the China business, growth in fixed asset investment has slowed, and operating profit has fallen 22.9% year on year due to price competition and higher costs. - FY2023WorsenedAnnual report
「In China, despite the impact of COVID-19 lockdowns in the Shanghai region, efforts to capture subsequent demand resulted in revenue of ¥6,217 million, up 0.2% from the previous fiscal year. On the earnings side, higher raw material prices and price competition reduced profit, resulting in a segment loss (operating loss) of ¥68 million, compared with segment profit of ¥78 million in the previous fiscal year.」
Revenue in the China business was essentially flat, while higher raw material prices and price competition resulted in a shift from operating profit to an operating loss of ¥68 million. - FY2023-Q3Revenue up, operating loss widensAnnual report
「During the nine months ended 31 December, the business was affected by COVID-19 lockdowns during the period, but the weaker yen contributed to revenue of ¥4,146 million, up 8.3% year on year. On the earnings side, higher raw material prices reduced profit, resulting in a segment loss (operating loss) of ¥183 million, compared with a segment loss of ¥66 million in the same quarter of the previous year.」
In the Asia business, including China, revenue increased 8.3% year on year, while the operating loss widened to ¥183 million from ¥66 million due to higher raw material prices. - FY2023-Q2AdvancedAnnual report
「Due to the impact of COVID-19 lockdowns, revenue was ¥1,873 million, down 26.4% year on year. On the earnings side, although lower revenue reduced profit, the collection of accounts receivable and recognition of a gain from the reversal of the allowance for doubtful accounts resulted in a segment loss (operating loss) of ¥56 million, compared with a segment loss of ¥124 million in the same quarter of the previous year.」
In the China business, revenue declined due to lockdowns, while the operating loss narrowed to ¥56 million from ¥124 million due to the collection of accounts receivable and the gain from the reversal of the allowance for doubtful accounts. - 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.」
Under the theme of expanding and restoring the China business, revenue fell 23.8% year on year, while results turned from an operating loss to an operating profit of ¥17 million. - FY2022AdvancedAnnual report
「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. Segment profit (operating profit) was ¥78 million, compared with a segment loss of ¥89 million in the previous fiscal year.」
Under the theme of expanding and restoring the China business, concrete progress is evident in higher revenue and a return to operating profitability. - 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.」
Under the theme of expanding and restoring the China and Asia businesses, revenue increased and the operating loss narrowed. However, the operating loss continues. - 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.」
Under the theme of expanding and restoring the China business, proposals for high-performance AHUs from the planning stage increased revenue, but the operating loss widened, and profitability recovery remains a challenge. - 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.」
Under the theme of expanding and restoring the China business, proposals for high-performance AHUs from the planning stage increased revenue and narrowed the operating loss. - FY2021-Q3AdvancedAnnual report
「In China, fixed asset investment is recovering and the economy is recovering moderately, although the company needs to monitor the impact of infectious disease trends and volatility in the financial and capital markets. 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.」
In the China business, against a backdrop of a moderate economic recovery, the company pursued a profitability-focused sales strategy and stronger cost management, narrowing the operating loss to ¥75 million from ¥135 million. - 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.」
The theme has been reframed from expanding the China business to restoring performance and improving profitability, with revenue increasing and the operating loss continuing to narrow. - 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.」
The theme has been reframed from expanding the China business to restoring performance and improving profitability, with higher revenue and a narrower operating loss reported. - FY2020AdvancedAnnual report
「Going forward, the company will avoid price competition by proposing high-performance AHUs from the planning stage, thoroughly implement its profitability-focused sales strategy, and pursue structural reforms including stronger cost management.」
Under a policy focused on restoring performance and improving profitability rather than expanding the China business, the company is pursuing proposals for high-performance AHUs, cost management and structural reforms. - FY2020-Q3AdvancedAnnual report
「While working to shift to a sales strategy focused on profitability and strengthen cost management, and while 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.」
The theme has been reframed from expanding the China business to restoring performance, with signs of improvement and a narrower operating loss under a profitability-focused sales strategy and strengthened cost management. - FY2019ReframedAnnual report
「In the Asian market, the urgent priority is to restore the performance of the China subsidiary.」
The focus has shifted from expanding the China business to restoring the performance of the China subsidiary and rebuilding the Asia business. - FY2018RestatedAnnual report
「As the Chinese market continues to expand, demand is increasing for energy-efficient products and large air-conditioning systems for factories. The company is strengthening product development tailored to local needs, as well as technical guidance and support.」
With the continued expansion of the Chinese market as a premise, the company continues to develop products that address local needs and provide technical support. - FY2016First statedAnnual report
「In the Asian market, the company will place greater focus on business partnerships aimed at expanding the China business.」
The company is using business partnerships as a means of expanding the China business.