Expansion of the India Business and Inclusion of the Indian Subsidiary in the Scope of Consolidation
First written in FY2016. 4 of 8 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In India, in addition to solid economic growth, the smooth transfer of production from the company's North American subsidiary led to higher sales and higher profit.」
The transfer of production from North America to India progressed smoothly, and the India business recorded higher sales and higher profit. - FY2025AdvancedAnnual report
「In India, in addition to solid economic growth, the smooth transfer of production from the company's North American subsidiary led to higher sales and higher profit.」
The transfer of production from North America to India progressed smoothly, and the India business recorded higher sales and higher profit. - FY2025-H1AdvancedAnnual report
「The company recorded an impairment loss of ¥148 million and a business restructuring loss of ¥609 million due to the suspension of production of major products at its U.S. subsidiary and the transfer of production to its Indian subsidiary. As a result, the interim net loss attributable to owners of the parent was ¥1,240 million, compared with an interim net loss attributable to owners of the parent of ¥68 million in the same period of the previous year.」
The transfer of production to the Indian subsidiary was specifically disclosed, indicating a move to utilize the India business for production. - FY2021RestatedAnnual 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 policy of strengthening the earnings power of the overseas business, including higher sales and sustained profitability in India, is reiterated. - FY2019ReframedAnnual 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.」
For the India business, in addition to the previous expansion of the business and its consolidation as a subsidiary, the company has identified the establishment of sustained profitability through higher sales as an explicit objective. - FY2018RestatedAnnual report
「In Asia, in addition to order-winning activities centered on China and Thailand, the company is also pursuing new business development in India through technical support for local companies.」
In India, the company continues to develop its business through technical support for local companies. - FY2018-Q2AdvancedAnnual report
「Agreement under which technical assistance and other support are provided: Company: Hindustan Composites Limited; Country: India; Subject: brake friction materials for commercial vehicles; Scope: provision of technical information; Effective date: 31 August 2017; Term: 7 years from the effective date; automatic renewal for successive 2-year periods thereafter」
The company entered into an agreement with India's Hindustan Composites Limited to provide technical information on brake friction materials for commercial vehicles. The agreement has a 7-year term and is automatically renewed every 2 years thereafter. - FY2016First statedAnnual report
「In India, the business has gradually expanded, mainly in pump products, and has been consolidated as a subsidiary from the fiscal year under review.」
Against the backdrop of expansion in India, TBK India Private Ltd. has been consolidated as a subsidiary from the fiscal year under review.