Expansion of European sales channels and sales and after-sales service capabilities through a German subsidiary
First written in FY2020-Q1. 6 of 8 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2026-H1.
1 other company's latest entry also says "Dropped".
- FY2026-H1DroppedAnnual report
「During the current interim consolidated accounting period, Yushin Europe GmbH, formerly a consolidated subsidiary, was excluded from the scope of consolidation because its liquidation was completed.」
Yushin Europe GmbH, established to expand sales channels and the service network in the European market, was excluded from the scope of consolidation following completion of its liquidation. - FY2024AdvancedAnnual report
「During the fiscal year, the Company acquired 100% of the shares of WEMO Automation AB and made it a subsidiary. The Company will work to enhance the Group's brand value and expand its market share in Europe, while realizing synergies through the mutual use of the two companies' technological and purchasing capabilities.」
Following the acquisition of 100% of WEMO Automation AB, the full-year results confirm that the Company is advancing efforts to enhance its brand value and expand its market share in Europe, while making mutual use of its technological and purchasing capabilities. - FY2024-Q3AdvancedAnnual report
「(Europe) Following the consolidation of WEMO Automation AB as a subsidiary, revenue was ¥2,433.726 million, up 217.6% year on year, and operating profit was ¥50.718 million, compared with an operating loss of ¥13.373 million in the same quarter of the previous year.」
The impact of WEMO Automation AB's integration as a subsidiary on the European business expanded, with revenue up 217.6% year on year and a change from an operating loss to operating profit. - FY2024-Q2AdvancedAnnual report
「The Company had applied provisional accounting treatment in the first-quarter consolidated accounting period for the business combination with WEMO Automation AB completed on 30 May 2023, and finalized that treatment in the second-quarter consolidated accounting period. Following the finalization of the provisional accounting treatment, the Company reviewed the initial allocation of the acquisition cost. As a result of an increase in customer-related assets and other factors, provisional goodwill of ¥1,770.449 million decreased by ¥1,246.421 million to ¥524.028 million.」
The provisional accounting treatment for the business combination with WEMO Automation AB was finalized, and provisional goodwill was revised from ¥1,770.449 million to ¥524.028 million due to an increase in customer-related assets and other factors. - FY2024-Q1AdvancedAnnual report
「During the first quarter of the consolidated fiscal period, the Company acquired 100% of the shares of WEMO Automation AB and made it a subsidiary. Through the acquisition of WEMO Automation AB as a subsidiary, we will realize synergies by enhancing the Group's brand value and expanding its market share in Europe, as well as mutually leveraging the technological capabilities and purchasing power of both companies.」
The acquisition of 100% of WEMO Automation AB, related to strengthening sales channels and the service infrastructure in Europe, has progressed to the stage of including the company in the scope of consolidation, with the Company targeting greater brand value and market share and synergies between the two companies. - FY2023AdvancedAnnual report
「Through the acquisition of the subsidiary, the Company expects to enhance the Group's brand value and expand its market share in Europe. It also expects synergies from the mutual use of the two companies' technological and purchasing capabilities.」
The Company states that its acquisition of all shares of WEMO Automation AB is intended to enhance its brand value and expand its market share in Europe, while making mutual use of the two companies' technological and purchasing capabilities. - FY2020-Q3AdvancedAnnual report
「(Europe) Yushin Europe GmbH was newly established and included in the scope of consolidation from the first quarter of the fiscal year.」
The report states that Yushin Europe GmbH, the German subsidiary, was included in the scope of consolidation from the first quarter after its establishment, confirming the implementation stage of establishing an entity to expand in the European market. - FY2020-Q1First statedAnnual report
「To expand sales channels and strengthen its service structure in the European market, we established the wholly owned local subsidiary Yushin Europe GmbH in Germany, which began operations in June 2019.」
To expand sales channels and strengthen its service network in the European market, the Company established a wholly owned local subsidiary in Germany, which began operations in June 2019.