Improving the operating fundamentals of overseas subsidiaries and strengthening overseas sales and the network
First written in FY2016. 14 of 29 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Metal-related parts business grows sales despite difficult overseas marketsAnnual report
「Although Japanese manufacturers struggled in the Chinese and Southeast Asian markets and semiconductor supply issues persisted, sales increased as the impact of the certification issue that had affected the previous year subsided, among other factors.」
While Japanese manufacturers in the Chinese and Southeast Asian markets continued to face difficulties and semiconductor supply issues persisted, the impact of the certification issue subsided, resulting in higher sales in the metal-related parts business. The overseas network faced regional headwinds while overall sales increased. - FY2025-H1Revenue decline due to sluggish customer production, including overseasAnnual report
「Net sales in this business for the six-month interim consolidated accounting period were ¥9,819 million, down 5.5% year on year, as customer production remained sluggish.」
Customer production in the metal-related parts business, including at overseas facilities, was sluggish, resulting in a 5.5% year-on-year decline in sales. - FY2024RaisedAnnual report
「The group's overseas production plants for its metal-related parts business comprise 4 facilities in the United States, Vietnam, Indonesia and China. We intend to expand our business in China and make it a growth engine going forward. The group will expand its business by making maximum effective use of its overseas facilities and leveraging its global production and supply capabilities.」
The company identifies 4 overseas production facilities, positions its China business as a growth engine, and emphasizes business expansion through a global production and supply structure utilizing all overseas facilities. - FY2024-Q3AdvancedAnnual report
「Net sales in this business for the nine months ended 31 December increased 13.6% year on year to ¥15,869 million. Sales increased as customer production rose following the normalization of component supplies, the pass-through of raw material costs progressed at overseas operations, and the yen value of overseas subsidiaries' sales rose because of the weaker yen, among other factors.」
Progress in passing through raw material price increases at overseas facilities and higher yen-converted sales at overseas subsidiaries due to the weaker yen contributed to higher sales in the metal-related parts business, sustaining the overseas network's contribution to results. - FY2024-Q2AdvancedAnnual report
「Sales increased due to the recovery in customer production, including at overseas subsidiaries, the pass-through to sales of higher material costs and other expenses, and higher yen-converted sales at overseas subsidiaries resulting from the weaker yen, among other factors.」
The recovery in customer production, including at overseas subsidiaries, and higher yen-converted sales at overseas subsidiaries due to the weaker yen contributed to higher sales in the metal-related parts business. - FY2023-Q3AdvancedAnnual report
「Sales increased due to higher yen-converted sales at overseas subsidiaries as a result of the weaker yen, higher sales at the Chinese subsidiary 睦諾汽車部件（湖北）有限公司 following the launch of its products, and the inclusion of the Thai subsidiary 3MT(THAILAND)CO.,LTD. in the scope of consolidation from the cumulative third quarter of the 65th fiscal year, among other factors.」
The yen-converted sales of overseas subsidiaries, the launch of products at the Hubei, China facility, and the inclusion of the Thai subsidiary in consolidation have translated into a tangible contribution from the overseas network to consolidated sales. - FY2023-Q2AdvancedAnnual report
「Although the company's standalone sales declined due to production cuts at customers, sales increased as the yen value of overseas subsidiaries' sales rose because of the weaker yen, sales at the Chinese subsidiary MTXH increased as products were launched, and the Thai subsidiary 3MT became a consolidated subsidiary from the nine-month period of the 65th fiscal year, among other factors.」
Sales of metal-related parts rose 0.7% year on year due to the yen-converted sales of overseas subsidiaries, the launch of products at MTXH China, and the inclusion of 3MT in the consolidated group. The contribution of the overseas network to results is becoming more tangible. - FY2023-Q1Impact of customer production stoppages, including at overseas facilitiesAnnual report
「During the nine months ended 30 June, customer operating stoppages due to shortages of semiconductors and other components occurred frequently in Japan and overseas, resulting in net sales of ¥4,280 million in this business, down 8.2% year on year.」
In the metal-related parts business, including the overseas network, customer production stoppages have occurred frequently in Japan and overseas, and supply constraints have also affected sales expansion and operations at overseas facilities. - FY2022AdvancedAnnual report
「Our China base, 睦諾汽車部件（湖北）有限公司, has commenced operations, and we will work toward achieving profitability at an early stage.」
The Hubei, China facility commenced operations and began recording sales in May 2021. While there have been requests for proposals and inquiries from local customers, the business has entered the phase of working toward achieving profitability at an early stage. - FY2022-Q3AdvancedAnnual report
「On 4 June 2021, the company made 3MT (THAILAND) CO., LTD., an affiliate, a wholly owned subsidiary by acquiring all of its shares. The balance sheet was consolidated for the second-quarter consolidated accounting period, while the income statement has been consolidated from the third-quarter consolidated accounting period.」
For 3MT(THAILAND), which became a wholly owned subsidiary in June 2021, consolidation of the income statement began in the third-quarter accounting period, increasing the contribution of the overseas sales network to consolidated results. - FY2022-Q2AdvancedAnnual report
「On 4 June 2021, the company made 3MT (THAILAND) CO., LTD., an affiliate, a wholly owned subsidiary by acquiring all of its shares.」
3MT(THAILAND) became a wholly owned subsidiary on 4 June 2021, expanding the company's sales bases in Southeast Asia. - FY2022-Q1AdvancedAnnual report
「During the nine months ended 30 June, customer orders associated with the recovery in demand remained strong in Japan and overseas, resulting in net sales of ¥4,662 million in this business, up 48.1% year on year.」
Orders from customers in Japan and overseas, including overseas markets, remained strong as demand recovered, and sales in the metal-related parts business rose 48.1% year on year. - FY2021AdvancedAnnual report
「We have also received inquiries and requests for proposals from local customers and have secured new business. In the Chinese market, where the shift to EVs is advancing, we intend to put our China operations on a solid footing at an early stage while exploring business areas that did not previously exist.」
The company states that preparations for the start of mass production at its Hubei, China facility have progressed and that new business has been secured through requests for proposals and inquiries from local customers. - FY2021-Q2Revenue decline due to customer production stoppages in Japan and overseasAnnual report
「Sales in this business for the cumulative second quarter of the current consolidated fiscal year were ¥7,061 million, down 23.7% year on year. Sales declined in both Japan and overseas as production cuts resulting from customer production stoppages and other factors related to COVID-19 weighed on results.」
In the metal-related parts business, customer production stoppages and other factors caused production cuts in both Japan and overseas, resulting in a 23.7% year-on-year decline in sales. - FY2021-Q1Decline in revenue at overseas subsidiariesAnnual report
「In the cumulative first quarter of the current consolidated fiscal year, overseas subsidiaries were in the January–March period, the early stage of the COVID-19 outbreak, and each company's sales declined by approximately 10% or less. In Japan, however, sales fell sharply because the April–June period coincided with tighter restrictions on activities accompanying the spread of the virus.」
While sales at the overseas subsidiaries declined by approximately 10% or less at each company during the early stage of the COVID-19 outbreak, sales of metal-related parts in Japan fell sharply because of tighter restrictions on activities. - FY2020AdvancedAnnual report
「The factory is currently under construction as planned. The company is making thorough preparations for the launch next spring and the start of mass production next summer and will launch operations as planned.」
Construction of the factory for the subsidiary in Hubei Province, China, which was established and consolidated in the previous fiscal year, is under way. The company is maintaining the specific schedule of launching operations in spring 2021 and beginning mass production in summer of the same year. - FY2020-Q3AdvancedAnnual report
「During the third quarter of the current consolidated fiscal year, the newly established 睦諾汽車部件（湖北）有限公司 was made a consolidated subsidiary.」
The subsidiary in Hubei Province, China, whose establishment had been decided in the previous filing, was actually established and became a consolidated subsidiary from the third quarter of the current fiscal year. It was established to address demand for automotive parts in China and expand the overseas business, with operations scheduled to begin in April 2021. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 October 2019, the company resolved to establish a new subsidiary.」
While lower sales and deteriorating profitability were reported at the existing US and Indonesian sites, the company decided to establish a subsidiary in Xiaogan, Hubei Province, to address demand for automotive parts in China and expand its overseas business. The subsidiary was to have capital of US$7,360,000, with the company holding a 100% stake, and was scheduled to begin operations in April 2021. - FY2020-Q1Lower sales at overseas subsidiaries and other operationsAnnual report
「During the nine months ended 30 June, sales declined at all consolidated companies in this business. The US subsidiary was affected by model changes and other factors, Indonesia by production adjustments at customers, and the other companies by the slowdown in the Chinese economy and other factors. As a result, net sales in this business were ¥4,622 million, down 6.5% year on year.」
Sales declined at all consolidated companies in the metal-related parts business due to model changes at the US subsidiary, production adjustments by customers in Indonesia, the slowdown in the Chinese economy and other factors. - FY2019Continued decline in US subsidiary sales due to customer model changesAnnual report
「Although sales at the US subsidiary declined due to product discontinuations and other factors associated with customer model changes, sales to automakers and unit manufacturers, which maintained strong performance in Japan, increased, resulting in an overall increase.」
Within the overseas network, lower sales at the US subsidiary due to product discontinuations and other factors continued, while the vehicle-related parts business as a whole recorded higher sales due to increased domestic sales. - FY2019-Q3Continued growth in Indonesia and lower US salesAnnual report
「Overseas, the Indonesian subsidiary grew, while sales at the US subsidiary declined due to product discontinuations and other factors.」
Within the overseas network, the Indonesian subsidiary grew, while lower sales at the US subsidiary due to product discontinuations and other factors continued, resulting in persistent regional differences in performance. - FY2019-Q2Continued decline in sales at the US subsidiaryAnnual report
「Overseas, sales at the US subsidiary declined due to product discontinuations and other factors.」
Within the overseas network, lower sales at the US subsidiary due to product discontinuations and other factors have continued. The filing continues to indicate regional differences in performance at overseas sites. - FY2019-Q1Continued mixed regional performance at overseas sitesAnnual report
「Although sales in the US declined due to model changes by customers, domestic sales increased, mainly to automakers and unit manufacturers, and sales at other overseas subsidiaries remained firm.」
Within the overseas network, the US recorded lower sales due to model changes by customers, while other overseas subsidiaries remained firm, indicating continued regional differences in performance. - FY2018RaisedAnnual report
「The company will further strengthen direct sales in North America and Asia, while seeking to develop its production and supply systems and strengthen its financial base, centered on its overseas sites. For overseas subsidiaries, it will use its network of 5 companies, comprising 4 production sites and 1 sales company, to promote initiatives aimed at further expanding sales and improving the operating fundamentals of the businesses, while seeking to enhance corporate value through expanded facilities.」
In addition to using its existing overseas network, the company explicitly identifies direct sales in North America and Asia, production and supply systems, and its financial base as areas to strengthen, broadening the scope of its overseas expansion measures. - FY2018-Q3Continued lower US sales alongside higher European salesAnnual report
「Overseas, sales at the US subsidiary declined due to product discontinuations and other factors associated with model changes by customers.」
While sales at the US subsidiary continued to decline due to product discontinuations and other factors associated with model changes, Europe grew sharply in the other businesses, indicating continued mixed regional performance at overseas sites. - FY2018-Q2Mixed regional performance at overseas sitesAnnual report
「Overseas, sales at the US subsidiary declined due to product discontinuations and other factors.」
Regarding sales expansion across the overseas network, the US subsidiary recorded lower sales due to product discontinuations and other factors. Meanwhile, sales increased in Europe and Canada in the other businesses, resulting in mixed regional performance. - FY2018-Q1AdvancedAnnual report
「During the nine months ended 30 June, sales in Japan and Indonesia increased as Japanese manufacturers raised global production volumes. In the United States, however, sales declined as models were changed over. As a result, net sales in this business were ¥4,686 million, up 2.5% year on year.」
The overseas network shows higher sales in Indonesia and tangible progress in overseas sales and expansion, while sales also declined in the US. - FY2017-Q3AdvancedAnnual report
「Orders also increased overseas, and sales grew, although the pace of growth was slower than in the same period of the previous year due to the stronger yen.」
The filing reports higher overseas orders and sales, indicating tangible progress in overseas sales and use of the network. - FY2016First statedAnnual report
「For overseas subsidiaries and other operations, the company will use its network of 5 companies, comprising 4 production sites and 1 sales company, to promote initiatives aimed at further expanding sales and improving the operating fundamentals of the businesses, while seeking to enhance corporate value through expanded facilities.」
The company plans to use its 5-company overseas network to expand sales, improve its operating fundamentals and expand its facilities.