Restructuring of Chinese and Indonesian Subsidiaries and Performance Stabilization
First written in FY2016. 4 of 10 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2023-Q2AdvancedAnnual report
「During the second quarter of the consolidated accounting period, PT.GLOBAL TEKNINDO BERKATAMA, formerly a consolidated subsidiary of the Company, was dissolved through an absorption-type merger with PT.SUGINDO INTERNATIONAL, also a consolidated subsidiary of the Company, as the surviving company, and was therefore excluded from the scope of consolidation.」
Indonesia-based consolidated subsidiary PT.GLOBAL TEKNINDO BERKATAMA was absorbed into PT.SUGINDO INTERNATIONAL and excluded from the scope of consolidation. The restructuring of overseas subsidiaries has progressed to a specific organisational reorganisation stage. - FY2019RestatedAnnual report
「With respect to overseas operations, the Chinese consolidated subsidiary has secured stable orders as the proportion of automotive components has increased. At the two Indonesian consolidated subsidiaries, orders have expanded as a result of higher production capacity following the introduction of high-precision processing machinery and mass-production equipment for components, and the entire Group will continue to support them in expanding their businesses.」
The Group continues to report stable orders in China as a result of the higher proportion of automotive components, and higher production capacity and increased orders in Indonesia following the introduction of new equipment. - FY2019-Q3RestatedAnnual report
「Automotive-related orders at the Indonesian consolidated subsidiary remained weak, failing to grow.」
The Group reports that sluggish automotive-related orders at the Indonesian subsidiary have continued, and that stabilising the performance of overseas subsidiaries remains an issue. - FY2019-Q2RestatedAnnual report
「Profit was pressured by lower profit margins caused by higher production costs for new products during the first quarter of the consolidated cumulative period and by the failure of automotive-related orders at the Indonesian subsidiary to grow.」
The Group continues to report that sluggish growth in automotive-related orders at the Indonesian subsidiary is pressuring profit. - FY2019-Q1WorsenedAnnual report
「However, profit margins in Japan declined because of higher production costs for new products, while the Indonesian subsidiary’s operating loss widened because orders related to automobiles remained weak.」
Regarding performance stabilisation at overseas subsidiaries, weak automotive-related orders at the Indonesian subsidiary led to a wider operating loss. - FY2018AdvancedAnnual report
「In overseas operations, the Chinese consolidated subsidiary has secured stable orders by increasing the proportion of automotive components and will seek to expand profit going forward. At the two Indonesian consolidated subsidiaries, orders have expanded as a result of higher production capacity following the introduction of high-precision processing machinery and mass-production equipment for components. The entire Group will continue to support them in achieving profitability.」
In China, the Group has secured stable orders by increasing the proportion of automotive components, while in Indonesia it has confirmed higher production capacity and increased orders following the introduction of new equipment. Achieving profitability remains a future objective. - FY2018-Q3WorsenedAnnual report
「However, orders for automotive-related molds at the Indonesian subsidiary fell below plan, resulting in lower profit.」
Regarding performance stabilisation at overseas subsidiaries, the Indonesian subsidiary’s automotive-related mold orders fell below plan, and deterioration was reported in the form of lower profit. - FY2018-Q2AdvancedAnnual report
「Demand for the Chinese consolidated subsidiary’s core components is showing signs of recovery, creating an outlook for improvement. The Indonesian consolidated subsidiary has revamped its organisation and is focusing on securing orders.」
The Chinese subsidiary has confirmed signs of recovery in demand for its core components, while the Indonesian subsidiary has focused on securing orders following an organisational revamp. - FY2018-Q1RestatedAnnual report
「The Chinese consolidated subsidiary received few orders because of sluggish demand in the first half, but plans capital investment to establish a profitable operating structure. The Indonesian consolidated subsidiary also plans to expand its facilities while increasing its range of mass-produced items.」
The Group continues to implement measures to stabilise the performance of the Chinese subsidiary and expand mass production at the Indonesian subsidiary. - FY2016First statedAnnual report
「With respect to overseas business expansion, the Group will provide comprehensive support to its consolidated subsidiaries in China and Indonesia, promote measures to stabilise their performance, and work to maintain and improve performance by bringing together the collective capabilities of the entire Group.」
The Group’s overseas business strategy consists of providing comprehensive support to overseas subsidiaries and bringing together the collective capabilities of the Group.