Securing business rights and reducing costs while positioning China as a medium- to long-term business opportunity
First written in FY2016. 6 of 22 entries say "Worsened", first in FY2022. Latest entry: 2026-08-06.
The whole theme swung hardest in 2019: 3 of 8 companies on the "Worse" side.
9 other companies' latest entry also says "Advanced".
- 2026-08-06AdvancedEarnings
「Revenue in China was ¥1,777 million, up 27.3% from the same period of the previous year, while segment profit was ¥35 million, up 474.4%.」
The China business reported higher revenue, and segment profit also increased significantly from the same period of the previous year. - FY2026Higher revenue but losses continuedAnnual report
「Revenue in China was ¥6,194 million, up 21.2% from the previous fiscal year, and the segment loss was ¥107 million, unchanged from the previous fiscal year. Revenue increased as demand for heavy-duty trucks for the Chinese domestic market recovered and we continued to pursue cost improvements, including automation, to improve our earnings structure. However, the prolonged rise in raw material prices is expected to delay the recovery.」
Revenue from the China business increased on recovering demand and cost improvements, including automation, but the segment loss was ¥107 million, unchanged from the previous year, leaving the recovery in earnings as an ongoing issue. - FY2026-H1MitigatedAnnual report
「Revenue in China was ¥2,712 million, up 6.7% year on year, and the operating loss was ¥2 million, compared with an operating loss of ¥59 million in the same period of the previous year.」
Revenue from the China business increased 6.7%, while the operating loss narrowed substantially from ¥59 million to ¥2 million. - FY2025WorsenedAnnual report
「Revenue in China was ¥5,109 million, down 13.7% from the previous fiscal year, and the operating loss was ¥107 million, compared with an operating loss of ¥69 million in the previous fiscal year. Demand for heavy-duty trucks in China, where our Group's products are strong, remained sluggish. We implemented measures including labor-saving production lines and lower material costs, but revenue and profit declined.」
Revenue from the China business declined, while the operating loss widened from ¥69 million to ¥107 million. Although measures to reduce labor and material costs were implemented, the impact of sluggish demand continues. - FY2025-H1WorsenedAnnual report
「Revenue in China was ¥2,540 million, down 12.7% year on year, and the operating loss was ¥59 million, compared with an operating loss of ¥0 million in the same period of the previous year.」
Revenue from the China business fell 12.7% year on year, and an operating loss of ¥59 million was recorded. Profitability deteriorated from the operating loss of ¥0 million in the same period of the previous year. - FY2024-Q3MitigatedAnnual report
「Revenue in China was ¥4,337 million, up 42.1% year on year, and the operating loss was ¥49 million, compared with an operating loss of ¥619 million in the same period of the previous year.」
Revenue from the China business increased 42.1%, while the operating loss narrowed substantially from ¥619 million to ¥49 million. Demand and profitability in the China business have improved from the previous fiscal year. - FY2024-Q2MitigatedAnnual report
「Revenue in China was ¥2,910 million, up 43.2% year on year, and the operating loss was ¥0 million, compared with an operating loss of ¥408 million in the same period of the previous year.」
Revenue from the China business increased 43.2%, while the operating loss narrowed from ¥408 million to ¥0 million. Profitability has improved to a level close to eliminating the loss. - FY2024-Q1MitigatedAnnual report
「Revenue in China was ¥1,356 million, up 38.1% year on year, while the operating loss was ¥17 million, compared with an operating loss of ¥181 million in the same period of the previous year.」
Revenue from the China business increased 38.1%, while the operating loss narrowed substantially from ¥181 million to ¥17 million. Although the business remains in the red, profitability has improved from the sharp deterioration in the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「Revenue in China was ¥3,052 million, down 34.2% year on year, while the operating loss was ¥619 million, compared with operating profit of ¥93 million in the same period of the previous year.」
Revenue in the China business fell 34.2% year on year, and its operating result changed from operating profit in the same period of the previous year to an operating loss of ¥619 million. The deterioration in demand and the business environment in China has become further apparent. - FY2023-Q2WorsenedAnnual report
「Revenue in China was ¥2,032 million, down 42.7% year on year, while the operating loss was ¥408 million, compared with operating profit of ¥167 million in the same period of the previous year.」
Revenue in the China business fell 42.7% year on year, and its operating result changed from operating profit of ¥167 million to an operating loss of ¥408 million. The deterioration in demand and the business environment in China has become further apparent. - FY2023-Q1WorsenedAnnual report
「Revenue in China was ¥982 million, down 44.0% year on year, while the operating loss was ¥181 million, compared with operating profit of ¥103 million in the same period of the previous year.」
Revenue in the China business fell 44.0% year on year, and its operating result changed from operating profit in the same period of the previous year to an operating loss of ¥181 million. The deterioration in demand and the business environment in China has become apparent. - FY2022WorsenedAnnual report
「In the Asia segment, revenue increased due to growth in new orders in Thailand, but demand declined substantially in China because of stagnant infrastructure and real estate investment.」
While new orders expanded in Thailand, demand in China declined substantially due to stagnant infrastructure and real estate investment. - FY2021AdvancedAnnual report
「Overseas revenue decreased by ¥2,825 million from the previous consolidated fiscal year, down 12.1% year on year, to ¥20,589 million. This reflected growth in business rights in China, which recovered from the impact of COVID-19 at an early stage, while economic activity in other regions remained sluggish due to the global spread of COVID-19.」
The disclosure states that business rights in China grew as the country recovered early from COVID-19, indicating concrete progress in the existing China business initiatives. - FY2020-Q3ReframedAnnual report
「During the third quarter of the current consolidated fiscal year, Chang'an TBK Co., Ltd. and TBK China Co., Ltd. were excluded from the scope of consolidation because they ceased to exist following an absorption-type merger in which Dongguan Qiaotou TBK Co., Ltd. was the surviving company.」
Two existing Chinese subsidiaries ceased to exist following an absorption-type merger in which Dongguan Qiaotou TBK was the surviving company and were excluded from the scope of consolidation. The corporate structure of the China business was reorganized. - FY2020-Q2AdvancedAnnual report
「During the second quarter of the current consolidated fiscal year, the newly established Tongchuan TBK Auto Parts Co., Ltd. was included in the scope of consolidation.」
Tongchuan TBK Auto Parts Co., Ltd., newly established in China, became a consolidated subsidiary, advancing the structure for expanding the China business. - FY2019RestatedAnnual report
「In its overseas business, the company will strengthen earnings power by pursuing active expansion, including new businesses in Thailand, aggressively expanding sales to local companies in China, establishing sustained profitability in India through higher sales, and improving profitability in North America at an early stage.」
The company has indicated that it will continue actively expanding sales to local companies in China. - FY2019-Q3RestatedAnnual report
「Exports to overseas markets, mainly China, remained firm in the construction and industrial machinery industries.」
Although exports to overseas markets, mainly China, are described as remaining firm, no change in or new progress on the existing initiatives of acquiring business rights and reducing costs in China is indicated. - FY2019-Q2RestatedAnnual report
「Exports to overseas markets, mainly China, remained firm in the construction and industrial machinery industries.」
Although exports to overseas markets, mainly China, are described as remaining firm, no change in or new progress on the existing initiatives of acquiring business rights and reducing costs in China is indicated. - FY2019-Q1RestatedAnnual report
「Exports to overseas markets, mainly China, remained firm in the construction and industrial machinery industries.」
Although exports to overseas markets, mainly China, are described as remaining firm, no change in or new progress on the existing initiatives of acquiring business rights and reducing costs in China is indicated. - FY2018AdvancedAnnual report
「Overseas revenue increased by ¥4,381 million from the previous consolidated fiscal year, up 24.7% year on year, to ¥22,142 million, driven by growth in business rights in Asia, mainly in Thailand and China.」
Growth in business rights in Asia, mainly Thailand and China, drove overseas revenue to ¥4,381 million, up 24.7% year on year. - FY2018-Q3Exports to China remained firmAnnual report
「Exports to China remained firm in the construction and industrial machinery industries.」
The business environment is described as one in which exports to China remained firm. No change is stated in the existing initiatives of acquiring business rights and reducing costs in China. - FY2016First statedAnnual report
「In China, the business environment was challenging due in part to the slowdown in the domestic economy, but the company regarded China as a medium- to long-term business opportunity and worked to acquire business rights and reduce costs.」
While recognizing the challenging environment in China, the company is pursuing the acquisition of business rights and cost reductions as medium- to long-term business opportunities.