Expansion of Southeast Asian markets starting from Thailand and Vietnam
First written in FY2016. 1 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2022.
0 other companies' latest entry also says "Other".
- FY2022Decline in revenue at overseas subsidiariesAnnual report
「As a result, consolidated net sales for the fiscal year were ¥46,188 million, up 6.4% year on year, as the automotive-related business of ARGO GRAPHICS Inc., the core company of our Group, recovered steadily and the semiconductor business also made strong progress, despite revenue declines at 2 major overseas subsidiaries due to the impact of COVID-19.」
While continuing overseas expansion, including in Southeast Asia, revenue at 2 major overseas subsidiaries declined due to the impact of COVID-19. - FY2020AdvancedAnnual report
「As a result, consolidated net sales for the fiscal year were ¥48,192 million, up 6.7% year on year, due to the positive impact of strong R&D spending, particularly in the automotive industry, and significant growth in the Thailand and Vietnam businesses.」
The Thailand and Vietnam businesses made significant progress, with their contribution to consolidated results explicitly stated. - FY2016First statedAnnual report
「Although Southeast Asia continues to experience economic growth and an expansion of operations by Japanese manufacturers, we decided to acquire the shares of NSS and make it a subsidiary in order to improve customer support and further expand the market in the region.」
We are advancing customer support and market expansion in Southeast Asia through the acquisition of NSS as a subsidiary and its subsidiary NSV.