Making Tensho America Corporation a Subsidiary and Expanding the North American Business
First written in FY2019-Q1. 16 of 25 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2026-H1.
Tensho Electric Industries moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
5 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「In January 2025, 三甲アメリカコーポレーション, previously a consolidated subsidiary of the Company, became an equity-method affiliate through a third-party allotment of shares. It was therefore excluded from the scope of consolidation. Accordingly, from the interim consolidated accounting period, U.S. molding-related operations have been removed from the reportable segments and included in Other operations.」
Following the change in ownership interest after the third-party allotment, 三甲アメリカコーポレーション and its subsidiaries were removed from the scope of consolidation, and the North American business is now treated as a business conducted through an equity-method affiliate rather than as a consolidated reporting segment. - FY2025ReframedAnnual report
「As a result of this third-party allotment, our ownership interest in 三甲アメリカコーポレーション fell from 55.91% to 41.39%, and the company changed from a consolidated subsidiary to an equity-method affiliate.」
The policy of expanding the North American business remains unchanged, but following the third-party allotment, 三甲アメリカコーポレーション changed from a consolidated subsidiary to an equity-method affiliate, altering the scope of consolidation and the nature of management involvement in the North American business. - FY2025-H1AdvancedAnnual report
「In the U.S. molding-related business, production volume has increased steadily as the operating rate of the Second Mexico Plant has risen. As a result, net sales were ¥3,470 million, up 58.7% year on year, and segment profit was ¥116 million, compared with a segment loss of ¥2 million in the same period of the previous year.」
Production volumes in the North American business expanded as the utilization rate of the second plant in Mexico rose, resulting in higher revenue and a return to segment profitability. - FY2024AdvancedAnnual report
「In the U.S. molding-related business, production volume has increased substantially with the start-up of the Second Mexico Plant. As a result, net sales were ¥5,927 million, up 65.0% from the previous fiscal year, and segment profit was ¥240 million, compared with a segment loss of ¥132 million in the previous fiscal year.」
Production volumes in the North American business expanded following the start-up of the second plant in Mexico, increasing net sales by 65.0% and turning segment results from a loss to a profit. - FY2024-Q3AdvancedAnnual report
「In the America Molding-Related Business, production volumes expanded substantially following the start-up of the second plant in Mexico. As a result, net sales were ¥3,983 million, up 67.4% year on year, and segment profit was ¥64 million, compared with a segment loss of ¥38 million in the same quarter of the previous year.」
Production volumes increased following the start-up of the second plant in Mexico, resulting in 67.4% year-on-year revenue growth in the North American business. Segment results also turned from a loss of ¥38 million to a profit of ¥64 million. - FY2024-Q2AdvancedAnnual report
「In the America Molding-Related Business, production volumes expanded substantially following the start-up of the second plant in Mexico. As a result, net sales were ¥2,186 million, up 67.8% year on year, and the segment loss was ¥2 million, compared with a segment loss of ¥26 million in the same quarter of the previous year.」
Production volumes increased following the start-up of the second plant in Mexico, resulting in 67.8% year-on-year revenue growth in the North American business. The segment loss also narrowed from ¥26 million to ¥2 million. - FY2024-Q1AdvancedAnnual report
「In the America Molding-Related Business, production volumes expanded substantially following the start-up of the second plant in Mexico. As a result, net sales were ¥1,001 million, up 95.2% year on year, and the segment loss was ¥75 million, compared with a segment loss of ¥47 million in the same quarter of the previous year.」
Production volumes increased following the start-up of the second plant in Mexico, and net sales in the North American business increased 95.2% year on year. Meanwhile, the segment loss widened from ¥47 million to ¥75 million. - FY2023WorsenedAnnual report
「In the America Molding-Related Business, although the semiconductor supply shortage continued, production volumes of consumer electronics and other products were recovering. However, costs increased due to upfront expenses related to establishing a second plant in Mexico. As a result, net sales were ¥3,592 million, up 46.0% from the previous consolidated fiscal year, and the segment loss was ¥132 million, compared with segment profit of ¥36 million in the previous consolidated fiscal year.」
The North American business posted higher revenue, but due to upfront expenses related to establishing a second plant in Mexico, it swung from segment profit of ¥36 million in the previous fiscal year to a loss of ¥132 million. - FY2023-Q3WorsenedAnnual report
「In the America Molding-Related Business, although the semiconductor supply shortage continued, production volumes of consumer electronics and other products were recovering. However, costs increased due to upfront expenses related to establishing a second plant in Mexico. As a result, net sales were ¥2,379 million, up 25.5% year on year, and the segment loss was ¥38 million, compared with segment profit of ¥48 million in the same quarter of the previous year.」
The North American business posted higher revenue, but costs increased due to upfront expenses related to establishing a second plant in Mexico, causing the business to swing from a profit in the same period of the previous year to a segment loss. - FY2023-Q2WorsenedAnnual report
「In the America Molding-Related Business, although the semiconductor supply shortage continued, production volumes of consumer electronics and other products were recovering. However, costs increased due to upfront expenses related to establishing a second plant in Mexico. As a result, net sales were ¥1,303 million, up 9.4% year on year, and the segment loss was ¥26 million, compared with segment profit of ¥51 million in the same quarter of the previous year.」
The North American business posted higher revenue, but costs increased due to upfront expenses related to establishing a second plant in Mexico, causing the business to swing from a profit in the same period of the previous year to a segment loss. - FY2022AdvancedAnnual report
「In the America Molding-Related Business, sales of consumer electronics and other products, which had declined due to the spread of COVID-19, recovered. As a result, net sales were ¥2,461 million, up 48.6% from the previous consolidated fiscal year, and segment profit was ¥36 million, up 70.9%.」
In the North American business, sales of consumer electronics and other products recovered, and both net sales and segment profit exceeded the previous fiscal year's levels. - FY2022-Q3AdvancedAnnual report
「In the America Molding-Related Business, sales of consumer electronics and other products, which had declined due to the spread of COVID-19, began to recover. As a result, net sales were ¥1,896 million, up 69.1% year on year, and segment profit was ¥48 million, compared with a segment loss of ¥17 million in the same quarter of the previous year.」
In the North American business, sales of consumer electronics and other products recovered, and net sales increased 69.1% year on year. Segment results also turned from a loss of ¥17 million in the same period of the previous year to a profit of ¥48 million, indicating continued recovery following the acquisition. - FY2022-Q2AdvancedAnnual report
「In the America Molding-Related Business, sales of consumer electronics and other products, which had declined due to the spread of COVID-19, began to recover. As a result, net sales were ¥1,190 million, up 101.7% year on year, and segment profit was ¥51 million, compared with a segment loss of ¥47 million in the same quarter of the previous year.」
In the North American business, sales of consumer electronics and other products recovered, with net sales up 101.7% year on year. Segment results also turned from a loss of ¥47 million to a profit of ¥51 million. - FY2022-Q1AdvancedAnnual report
「In the America Molding-Related Business, sales of consumer electronics and other products, which had declined due to the spread of COVID-19, began to recover. As a result, net sales were ¥559 million, up 58.9% year on year, and segment profit was ¥20 million, compared with a segment loss of ¥11 million in the same quarter of the previous year.」
In the North American business, sales of consumer electronics and other products, which had declined due to the spread of the infection, began to recover. Net sales increased 58.9%, and segment results turned from a loss of ¥11 million to a profit of ¥20 million. - FY2021WorsenedAnnual report
「In the America Molding-Related Business, the spread of COVID-19 and declining demand for consumer electronics and other products resulted in net sales of ¥1,656 million, down 5.1% from the previous consolidated fiscal year, and segment profit of ¥21 million, down 81.0%.」
The North American business had expanded following the acquisition, but in the current fiscal year, declining demand for consumer electronics and other products due to the infection resulted in lower revenue and a substantial decrease in segment profit. - FY2021-Q3WorsenedAnnual report
「In the America Molding-Related Business, the spread of COVID-19 and declining demand for consumer electronics and other products resulted in net sales of ¥1,121 million, down 12.8% year on year, and a segment loss of ¥17 million, compared with segment profit of ¥98 million in the same quarter of the previous year.」
In the North American business, the spread of the infection and declining demand for consumer electronics and other products reduced net sales by 12.8% year on year, causing the business to swing from a profit in the same period of the previous year to a segment loss. - FY2021-Q2WorsenedAnnual report
「In the America Molding-Related Business, the spread of COVID-19 and declining demand for consumer electronics and other products resulted in net sales of ¥590 million, down 27.2% year on year, and a segment loss of ¥47 million, compared with segment profit of ¥60 million in the same quarter of the previous year.」
In the North American business, the spread of the infection and declining demand for consumer electronics and other products caused the business to swing from a profit in the same period of the previous year to a segment loss, while net sales declined 27.2%. - FY2020AdvancedAnnual report
「In the America Molding-Related Business, the company focused on expanding sales, primarily to US companies. As a result, TV components, toys, furniture components and medical equipment-related products remained strong, resulting in net sales of ¥1,746 million, up 37.1% from the previous consolidated fiscal year. The company pursued cost reductions through greater production efficiency, resulting in segment profit of ¥113 million, up 83.7%.」
The North American business expanded orders, including those for medical equipment-related products, resulting in net sales of ¥1,746 million and segment profit of ¥113 million, with continued growth in both revenue and profit. - FY2020-Q3AdvancedAnnual report
「In the America Molding-Related Business, the company focused on expanding sales, and as a result, components for medical equipment, in addition to TV components, toys and furniture, remained strong. Net sales were ¥1,286 million, up 63.0% year on year, and segment profit was ¥98 million, up 149.2%.」
The North American business benefited from strong orders, including components for medical equipment, recording net sales of ¥1,286 million and segment profit of ¥98 million, a substantial year-on-year increase in both revenue and profit. - FY2020-Q2AdvancedAnnual report
「As a result of focusing its sales activities on expanding orders, primarily from US companies, orders for components for medical equipment, in addition to TV components, toys and furniture, remained strong. Net sales were ¥811 million, up 129.8% year on year, and segment profit was ¥60 million, up 437.9%.」
The North American business recorded strong orders for components for medical equipment, in addition to TV components, toys and furniture components, resulting in net sales of ¥811 million and segment profit of ¥60 million. The business continued to expand and monetize following the acquisition. - FY2020-Q1AdvancedAnnual report
「As a result of focusing its sales activities on expanding orders, primarily from US companies, orders for components for medical equipment, in addition to TV components, toys and furniture, remained strong. Net sales were ¥391 million and segment profit was ¥28 million.」
In the North American business, orders for components for medical equipment, in addition to TV components, toys and furniture components, were strong, resulting in net sales of ¥391 million and segment profit of ¥28 million. The business's scope and earnings following the acquisition continued to expand. - FY2019AdvancedAnnual report
「In the America Molding-Related Business, the company focused on expanding sales, primarily to US companies. As a result, orders for toys, furniture components and other products, in addition to TV components, remained strong, resulting in net sales of ¥1,273 million. The company pursued cost reductions through greater production efficiency, resulting in segment profit of ¥61 million.」
The North American business secured orders for TV components, toys, furniture components and other products, recording full-year net sales of ¥1,273 million and segment profit of ¥61 million. The figures indicate progress in expanding and monetizing the business following the acquisition. - FY2019-Q3AdvancedAnnual report
「In the America Molding-Related Business, sales of mechanical components remained strong, resulting in net sales of ¥789 million. The one-time amortization of goodwill arising from the acquisition in the first quarter of the current consolidated fiscal year resulted in a segment loss of ¥6 million.」
The North American business recorded cumulative net sales of ¥789 million following the acquisition, mainly from mechanical components. The segment loss narrowed from ¥32 million for the six months ended the second quarter to ¥6 million. - FY2019-Q2AdvancedAnnual report
「In the America Molding-Related Business, sales of TV components remained strong, resulting in net sales of ¥353 million. The one-time amortization of goodwill arising from the acquisition in the first quarter of the current consolidated fiscal year resulted in a segment loss of ¥32 million.」
Following the acquisition, the America Molding-Related Business recorded ¥353 million in sales of TV components and began reporting results as a new segment. However, the one-time amortization of goodwill arising from the acquisition resulted in a segment loss of ¥32 million. - FY2019-Q1First statedAnnual report
「At a meeting of its Board of Directors held on 28 June 2018, the company resolved to make Tensho America Corporation, then an equity-method affiliate, a subsidiary by acquiring its shares. The shares were acquired on 29 June 2018, and the company became a subsidiary. Additional voting rights acquired: 29.6%; voting rights after the additional acquisition: 65.0%. The North American region, where Tensho America Corporation is located, is home to clusters of leading companies in a wide range of industries, including consumer electronics, electronic components, audio equipment, furniture, toys and medical equipment. As the region and market offered significant promise for the company, and its proactive sales activities had resulted in orders from customers, primarily US companies, with prospects for future business expansion, the company decided to acquire the shares.」
The company acquired an additional 29.6% interest in Tensho America Corporation, formerly an equity-method affiliate, bringing its voting interest to 65.0% and making it a consolidated subsidiary. Tensho Mexico Corporation and TMC Rosarito, subsidiaries of the company and its subsidiary, were included in the scope of consolidation, and “America Molding-Related Business” was established as a new reporting segment. The company described North America as a promising market and cited securing orders from US companies and future business expansion as the reasons for the acquisition.