Overseas Expansion of Credit, Warranty and Vehicle Maintenance
First written in FY2018. 7 of 19 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Company will focus on overseas expansion, particularly in Southeast Asia, based on the know-how accumulated in Japan. It has begun operations in Thailand and the Philippines and aims to create new sources of revenue in global markets by making maximum use of its business partnership with ITOCHU Corporation.」
The Company has clarified its policy of continuing to expand its business in Thailand and the Philippines and creating new sources of overseas revenue by leveraging its partnership with ITOCHU Corporation. - FY2024Decline in ECL investment incomeAnnual report
「Equity-method investment income was ¥119 million, down 89.0% from the previous consolidated fiscal year, due to the impact of recognizing a gain on reversal of impairment losses on the investment in Eastern Commercial Leasing p.l.c. in Thailand in the previous fiscal year.」
Although ECL's business remained steady, equity-method investment income declined to ¥119 million due to the reversal of the prior year's gain on reversal of impairment losses. - FY2024-Q3Recognition of gains and losses on ECL warrant-related valuationAnnual report
「The Company recognized derivative valuation gains or losses related to listed warrants of Eastern Commercial Leasing p.l.c.」
For ECL's listed warrants, the Company recorded a derivative valuation loss of ¥40 million in the nine months ended the third quarter, compared with a derivative valuation gain of ¥82 million in the same period of the previous year. - FY2024-Q2One-time gains at Thai affiliates affected segment profitAnnual report
「Segment profit was ¥2,136 million, down 29.3% year on year, partly due to the impact of one-time gains at affiliates and other entities in Thailand.」
Cites the impact of one-time gains at Thai affiliates and other entities as one factor behind the year-on-year decline in segment profit in the finance business. - FY2023-Q3RestatedAnnual report
「In the finance business for the six months ended the second quarter, the Group recorded a gain on reversal of impairment losses recognized in prior years of ¥871 million. This resulted from recognizing the continued recovery in ECL's share price based on the recovery in the business performance of ECL, an equity-method affiliate.」
Continues to disclose the ¥871 million reversal of prior-year impairment losses following the recovery in ECL's business performance and share price. - FY2023-Q2AdvancedAnnual report
「In the finance business for the six months ended the second quarter, the Group recorded a gain on reversal of impairment losses recognized in prior years of ¥871 million. This resulted from recognizing the continued recovery in ECL's share price based on the recovery in the business performance of ECL, an equity-method affiliate.」
For ECL in Thailand, the Company progressed beyond recognizing investment income from the recovery in business performance to recording a ¥871 million gain on reversal of impairment losses recognized in prior years. - FY2021-Q3AdvancedAnnual report
「In the overseas business, equity-method investment income was ¥56 million due to the recovery in the business performance of Eastern Commercial Leasing p.l.c. in Thailand.」
For ECL in Thailand, the disclosure has progressed from describing equity-method investment losses to recognizing equity-method investment income of ¥56 million as a result of the recovery in business performance. - FY2021-Q2Continued investment loss due to Thailand's lockdownAnnual report
「In the overseas business, lockdowns and a state of emergency were declared in Thailand due to the impact of COVID-19, bringing economic activity to a halt. As a result, the Company recorded an equity-method investment loss of ¥12 million.」
In the Thai overseas business, economic activity remained halted due to lockdowns and a state of emergency, and the Company recorded an equity-method investment loss of ¥12 million. - FY2020Actual impact of COVID-19 on the overseas businessAnnual report
「Due to the global decline in share prices caused by the spread of COVID-19, the share price of Eastern Commercial Leasing p.l.c. (ECL), an equity-method affiliate, temporarily plunged in March 2020, and the Company recognized an impairment loss of ¥871.107 million.」
Regarding overseas expansion centered on Thailand, the Company stated that although ECL's business remained steady, it recognized an impairment loss in response to the spread of COVID-19, lockdowns and falling share prices. - FY2020-Q3Decline in new business volume due to deteriorating market conditions in ThailandAnnual report
「ECL's business had been performing steadily, but new business volume temporarily declined due to a sharp drop in new-vehicle distribution volumes following the deterioration in economic conditions from July 2019 and the revision of credit-screening standards, among other factors.」
The Company explains that, although ECL's business remained steady, new business volume temporarily declined due to deteriorating economic conditions in Thailand from July 2019, lower new-vehicle distribution volumes and revised credit-screening standards. - FY2020-Q2AdvancedAnnual report
「On 31 July 2019, the Group acquired 39.6% of the shares of Eastern Premium Services Co., Ltd., raising its ownership interest to 78.1% and making the company a subsidiary. The Group expects the acquisition of Eastern Premium Services Co., Ltd. to generate the following synergies: 1. strengthen the existing vehicle servicing and breakdown warranty businesses; 2. accelerate the expansion of business revenue; 3. expand the business scope by strengthening cooperation with the Group; 4. establish a robust corporate base in Thailand; and 5. improve operating efficiency by transferring some activities of other overseas Group companies to the company.」
The additional acquisition of shares in Eastern Premium Services Co., Ltd. in Thailand raised the ownership interest to 78.1%, resulting in its change from an equity-method affiliate to a consolidated subsidiary. The Company has entered a phase of strengthening its vehicle servicing and breakdown warranty businesses, its base in Thailand and its operations. - FY2020-Q1Investment loss due to prior-period profit or loss adjustmentsAnnual report
「In the overseas business within Other Businesses, equity-method investment loss from Eastern Commercial Leasing p.l.c. (ECL) in Thailand was ¥61.783 million due to the impact of adjustments to prior-period profit or loss, although ECL's business continued to perform steadily.」
Although ECL's business remained steady, the Company recognized an equity-method investment loss of ¥61.783 million due to the impact of prior-period profit or loss adjustments. - FY2019AdvancedAnnual report
「The Company operates 4 vehicle service centers in Bangkok and launched its warranty business in February 2019.」
The Thai overseas business expanded its vehicle service center network to 4 locations and launched its warranty business. It also states that the warranty business was launched in Indonesia. - FY2019-Q3Continued decline in investment income as expenses increased despite steady revenueAnnual report
「In Other Businesses (Overseas Business), revenue at Eastern Commercial Leasing p.l.c. (ECL) in Thailand remained steady, but equity-method investment income was ¥88.496 million, down 9.4% year on year, due to higher expenses.」
Revenue at ECL in Thailand remained steady, while equity-method investment income declined 9.4% year on year due to higher expenses. - FY2019-Q2Investment income declined as expenses increased despite steady revenueAnnual report
「In Other Businesses (Overseas Business), revenue at Eastern Commercial Leasing p.l.c. (ECL) in Thailand remained steady, but equity-method investment income was ¥55.918 million, down 3.1% year on year, due to higher operating expenses.」
Revenue at ECL in Thailand remained steady, while equity-method investment income declined 3.1% year on year due to higher operating expenses. - FY2019-Q1AdvancedAnnual report
「In Other Businesses (Overseas Business), Eastern Commercial Leasing p.l.c. (ECL) in Thailand progressed in line with plan, and equity-method investment income was ¥24.831 million, down 1.1% year on year.」
Reports that ECL's business in Thailand is progressing in line with plan, providing specific evidence of progress in the overseas business. - FY2018First statedAnnual report
「In particular, the Company is considering expanding the three services of credit, warranty and vehicle servicing as core businesses for its overseas operations, not only in Thailand and Indonesia, where it already operates, but also in surrounding countries.」
The Company has outlined a policy of expanding its three services, credit, warranty and vehicle servicing, into Thailand, Indonesia and surrounding countries, drawing on know-how accumulated in Japan.