Entering a Growth Market through the Establishment of a Local Sales Subsidiary in India
First written in FY2025-H1. 1 of 4 entries say "Achieved", first in FY2025. Latest entry: FY2026.
3 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The company established a sales subsidiary in India in April 2025 and is working to build a supply system to achieve local production for local consumption, which is strongly requested by customers.」
The company continues to pursue its policy of using the Indian sales subsidiary to develop the growth market and build a locally integrated supply system. - FY2026-H1AdvancedAnnual report
「As SHIRAI ELECTRONICS TRADING(INDIA) PVT. LTD. was newly established during the current interim consolidated accounting period, it has been included in the scope of consolidation.」
Following the establishment of the local Indian sales subsidiary, the company has reached the stage of including it in the scope of consolidation from the current interim consolidated accounting period. - FY2025AchievedAnnual report
「At a meeting of the Board of Directors held on 15 October 2024, the company resolved to establish a subsidiary as described below, and established it on 29 April 2025.」
The planned Indian sales subsidiary was established on 29 April 2025 as part of the Group's entry into growth markets. Its capital is INR 50,000 thousand, with Shirai Electronics Industry holding 99.9% and Shirai Logistics Service 0.1%. - FY2025-H1First statedAnnual report
「As part of its entry into growth markets, the company plans to establish a local entity in India in April 2025. Many customers have requested the procurement of printed wiring boards manufactured in India. The company determined that it could provide the Shirai quality developed by the Group in Japan and overseas since its founding, and decided to establish a local sales subsidiary. ⑤ Capital: INR 50,000 thousand (approximately ¥90 million)」
Viewing India, where strong medium- to long-term growth is expected, as a promising market, the company plans to establish a local sales subsidiary in April 2025. Its business will comprise the sale and procurement of printed wiring boards. Capital will be INR 50,000 thousand, with Shirai Electronics Industry holding 99.9% and Shirai Logistics Service 0.1%.