Southeast Asian Expansion Centered on Gathergates
First written in FY2016. 10 of 26 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-05-15.
The whole theme swung hardest in 2020: 2 of 9 companies on the "Worse" side.
13 other companies' latest entry also says "Advanced".
- 2026-05-15AdvancedEarnings
「In fiscal 2025, as part of our globalization efforts, we held joint seminars with alliance partners and strengthened our specification-in activities.」
Overseas expansion has progressed through joint seminars with alliance partners and stronger specification-in activities. - FY2025-H1AdvancedAnnual report
「During the interim consolidated accounting period, following the acquisition of shares in テンパール工業株式会社, the company made テンパール工業株式会社 and its Vietnamese subsidiary, ベトナムテンパール工業有限責任会社, consolidated subsidiaries.」
The company is expanding its regional business base by adding テンパール工業 and its Vietnamese entity as consolidated subsidiaries to its existing base for expansion in Southeast Asia. - FY2024-Q3RestatedAnnual report
「In the manufacturing, construction and services businesses related to electrical and information infrastructure, revenue from high-voltage receiving equipment and distribution boards increased due to the effects of price revisions and an increase in projects. Revenue at Gathergates Group Pte Ltd also increased. As a result, revenue was ¥70,204 million, up 13.9% year on year, while segment profit (operating profit) was ¥6,937 million, up 79.1%.」
Revenue growth at Gathergates Group Pte Ltd continues to be reported, contributing to higher revenue in the manufacturing, construction and services businesses. - FY2024-Q2AdvancedAnnual report
「In the distribution-board division, sales of the core distribution and control panels increased amid resilient corporate capital investment demand, while sales at subsidiaries including Gathergates Group Pte Ltd also increased. As a result, revenue rose 18.7% year on year to ¥24,768 million.」
Revenue growth at subsidiaries including Gathergates Group Pte Ltd continues to be reported, with the existing base for expansion in Southeast Asia contributing to higher revenue in the switchboard business. - FY2024-Q1RestatedAnnual report
「In the manufacturing, construction and services business related to electrical and information infrastructure, sales of distribution and control panels and cabinets increased due to the effects of price revisions and other factors, while sales at Gathergates Group Pte Ltd also increased. As a result, revenue rose 14.0% year on year to ¥20,245 million, and segment profit (operating profit) increased 1104.4% to ¥1,017 million.」
Revenue growth at Gathergates Group Pte Ltd continues to be reported, with the existing base for expansion in Southeast Asia contributing to higher revenue in the manufacturing, construction and services businesses. - FY2023AdvancedAnnual report
「In 2022, efforts to improve the financial position and reform employee attitudes at the Gathergates Group bore fruit, significantly improving profitability.」
The effects of efforts to improve the financial position and reform employee attitudes at the Gathergates Group have emerged as improved profitability. In addition, the Group acquired Master Controls Co.,Ltd in the Kingdom of Thailand as a subsidiary, expanding its sales platform for information and communications and security equipment in Southeast Asia. - FY2023-Q3RestatedAnnual report
「In the Electrical and Information Infrastructure-Related Manufacturing, Construction and Services businesses, sales of core distribution boards and panelboards increased as corporate capital investment began to recover. Sales at subsidiaries including Gathergates Group Pte Ltd also increased. As a result, revenue was ¥61,620 million, up 8.6% year on year.」
Continued increases in sales at overseas subsidiaries, including Gathergates Group Pte Ltd, have been reported, and the existing foundation of the overseas expansion is contributing to higher business revenue. - FY2023-Q2RestatedAnnual report
「In the Distribution Board business, sales of core distribution boards and panelboards increased as corporate capital investment began to recover. Sales at subsidiaries including Gathergates Group Pte Ltd also increased. As a result, revenue was ¥20,872 million, up 15.5% year on year.」
Higher sales at overseas subsidiaries, including Gathergates Group Pte Ltd, continue to contribute to revenue growth in the Distribution Board business as part of the existing foundation of the Southeast Asian expansion. - FY2022AdvancedAnnual report
「In fiscal 2021, the new factory of NITTO KOGYO BM(THAILAND)CO.,LTD, the local Thai joint venture, began full-scale operations. In addition, we strengthened sales activities targeting local overseas companies and launched new products that meet local needs.」
The Southeast Asian expansion has progressed to the stage of factory operations and sales activities through the full-scale operation of the new Thai factory, stronger local sales efforts and the launch of new products. - FY2022-Q3RestatedAnnual report
「However, revenue was ¥56,744 million, down 0.1% year on year, as sales of distribution boards, panelboards and cabinets in Japan declined due to the impact of COVID-19.」
Higher revenue at Gathergates Group Pte Ltd has been reported, and the existing foundation of the Southeast Asian expansion continues to contribute to business results. - FY2022-Q2AdvancedAnnual report
「In the Distribution Board business, sales of residential distribution boards and other products equipped with switches for transferring between commercial and emergency power supplies increased. Sales at overseas subsidiary Gathergates Group Pte Ltd also increased.」
Gathergates' higher revenue has been reported in connection with the Southeast Asian expansion, for which the previous fiscal year had noted the Singapore lockdown and postponement of operations at the Thai factory. - FY2021WorsenedAnnual report
「In the overseas business, China recovered relatively early, but production and sales activities in Singapore stagnated due to the lockdown, while the installation of equipment at the newly established distribution board factory in Thailand was delayed, postponing the start of operations. Overall, conditions were difficult.」
The Southeast Asian expansion has been affected by stagnating production and sales in Singapore due to the lockdown and the postponement of operations at the new factory in Thailand. - FY2021-Q2AdvancedAnnual report
「In the Circuit Breaker and Switchgear segment, sales of switches for transferring between commercial and emergency power supplies increased as awareness of disaster preparedness grew. Sales at overseas subsidiary ELETTO（THAILAND）CO.,LTD also increased. As a result, revenue was ¥2,674 million, up 6.1% year on year.」
Higher sales at ELETTO（THAILAND）, which contributes to the Southeast Asian expansion, were reported, and revenue in the segment increased 6.1% year on year. - FY2020AdvancedAnnual report
「In Thailand, our subsidiary NITTO KOGYO BM(THAILAND) CO.,LTD is constructing a new factory to produce cabinets, distribution boards and panelboards, scheduled to begin operations in November 2020. By establishing an integrated manufacturing and sales system, we will work to further improve cost competitiveness, delivery capabilities and quality, and to expand the business and strengthen profitability.」
The construction of a new factory in Thailand and its scheduled start of operations in November 2020 have been explicitly stated, advancing the development of the Southeast Asian business through an integrated manufacturing and sales system. - FY2020-Q3RestatedAnnual report
「2. Globalization (Establishing a distribution board business in Southeast Asia)」
Establishing a distribution board business in Southeast Asia remains a pillar of the medium-term basic policy for the next-generation business model. - FY2019RestatedAnnual report
「In Thailand, we aim to establish a distribution board business that meets local needs by actively investing management resources in NITTO KOGYO BM (THAILAND) CO.,LTD, which began operations jointly with a local metalworking company in January 2018, to improve its product development capabilities and production capacity. In Singapore, Gathergates Group Pte Ltd is facing difficulties, but we aim to stabilize its operations by reviewing its cost structure and developing and launching new products targeting the local market.」
Southeast Asian expansion is continuing through investment of management resources in the joint venture in Thailand, a review of Gathergates' cost structure and the launch of new products. - FY2019-Q1RestatedAnnual report
「In the Distribution Board-Related Manufacturing Business, the performance of overseas subsidiaries stagnated, but revenue at NITTO KOGYO CORPORATION on a non-consolidated basis increased as sales in existing markets remained firm. As a result, revenue was ¥17,198 million, up 6.1% year on year, and segment profit (operating profit) was ¥431 million, up 6.2% year on year.」
Although the weak performance of overseas subsidiaries continued, the Distribution Board-Related Manufacturing Business as a whole increased revenue and profit due to higher sales in existing markets and on a non-consolidated basis in Japan. - FY2018Local expansion is advancing through the Thai partnership, while Gathergates continues to struggleAnnual report
「In Singapore, Gathergates Group Pte Ltd is facing difficulties, but we will work to achieve profitability at an early stage and expand the distribution board business across Southeast Asia starting from the company. In Thailand, we formed a capital and business alliance with a local metalworking company and established a framework for a distribution board business suited to local communities and customers.」
While explicitly stating that Gathergates is struggling and pursuing an early return to profitability, the Group is advancing in Thailand by using the production technology and sales channels of a local metalworking company through a capital and business alliance. - FY2018-Q3WorsenedAnnual report
「Goodwill arising from the acquisition of shares in Gathergates Group Pte Ltd was amortized in full in the Distribution Board-Related Manufacturing Business segment. The ¥1,633 million amortization was recorded as an extraordinary loss under goodwill amortization for the cumulative third quarter of the current consolidated fiscal year.」
The ¥1,633 million of goodwill arising from the acquisition of Gathergates was amortized in full, making the deterioration in performance associated with the Southeast Asian expansion concrete alongside the weak performance of the overseas subsidiary. - FY2018-Q2WorsenedAnnual report
「In the Distribution Board business, sales of high-voltage receiving equipment increased as corporate capital investment demand recovered, and sales of distribution boards in existing markets also increased. However, sales of junction boxes and cubicles related to solar power generation declined, as did sales at subsidiary Gathergates Group Pte Ltd. As a result, revenue was ¥18,803 million, down 5.6% year on year.」
Gathergates, the foundation of the Southeast Asian expansion, is explicitly reported to have experienced lower revenue, with the weak performance of the overseas subsidiary contributing to the decline in revenue in the Distribution Board business. - FY2018-Q1AdvancedAnnual report
「From the first quarter of the current consolidated fiscal year, the newly established SUNTEL(THAILAND)CO.,Ltd and 5 subsidiaries of Gathergates Group Pte Ltd have been included in the scope of consolidation.」
The establishment of SUNTEL's Thai entity and the consolidation of 5 Gathergates subsidiaries have concretely expanded the Group's foundation for Southeast Asian operations. Meanwhile, it is stated that Gathergates itself has continued to post weak revenue. - FY2017RaisedAnnual report
「With Gathergates Group Pte Ltd, a Singaporean manufacturer of distribution boards and control panels, at the center of our Group, we aim to expand our distribution board business across Southeast Asia. By embedding in our overseas Group companies the stable quality, mass-production capabilities and efficient sales system that we have developed over many years in Japan, we aim to become the No. 1 power solutions company group throughout Southeast Asia.」
The goal for Southeast Asian expansion centered on Gathergates has been raised from expanding the regional distribution board business to becoming the No. 1 power solutions company group across Southeast Asia. - FY2017-Q3RestatedAnnual report
「Gathergates Group Pte Ltd, a Singaporean manufacturer of distribution boards and control panels that became a subsidiary in the previous consolidated fiscal year, contributed to higher revenue.」
Gathergates continues to be reported as contributing to revenue growth following its acquisition as a subsidiary, but no new phase of expansion has been indicated. - FY2017-Q2RestatedAnnual report
「Gathergates Group Pte Ltd, a Singaporean manufacturer of distribution boards and control panels that became a subsidiary in the previous consolidated fiscal year, contributed to higher revenue.」
Gathergates continues to be reported as contributing to revenue growth, but no new phase of expansion or additional milestones has been indicated. - FY2017-Q1AdvancedAnnual report
「Gathergates Group Pte Ltd, a Singaporean manufacturer of distribution boards and control panels that became a subsidiary in the previous consolidated fiscal year, contributed to higher revenue.」
Following the acquisition of Gathergates as a subsidiary, its contribution to revenue growth has been reported, and the expansion initiatives are reflected in business results. - FY2016First statedAnnual report
「In November 2015, Gathergates Group Pte Ltd, a Singaporean manufacturer of distribution boards and control panels, joined our Group. We will develop business activities centered on Gathergates to contribute to Japanese companies expanding globally and to the rapidly growing Southeast Asian market, while working to create new value.」
The addition of Gathergates Group Pte Ltd as a subsidiary in November 2015 is positioned as the foundation for expansion targeting Japanese companies and the Southeast Asian market.