Shift from Overseas Expansion in the Same Business Format to Deepening Relationships with Large Domestic Corporate Groups
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024RestatedAnnual report
「From 2012, we sought growth in East Asia by serving local customers through the same business format as in Japan, but abandoned this policy by 2019 because we were unable to achieve rapid business expansion. We now plan to focus on large corporate groups in Japan and appeal broadly and deeply to the advantages of our IT systems and business model.」
The policy of abandoning horizontal expansion to local customers in East Asia and focusing on large domestic corporate groups remains in place. - FY2022First statedAnnual report
「From 2012, we sought growth in East Asia by serving local customers through the same business format as in Japan, but abandoned this policy by 2019 because we were unable to achieve rapid business expansion. We now plan to appeal broadly and deeply to large corporate groups in Japan regarding the advantages of our IT systems and business model, and gradually expand our services to the subsidiaries those customer groups have in Asia.」
The Group abandoned horizontal expansion targeting local customers in East Asia and adopted a policy of expanding services to Asian subsidiaries from a base of major Japanese corporate groups.