Expansion of the Electrical and Electronic Components Business through the Establishment of a Subsidiary in Shenzhen, China
First written in FY2021-Q3. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
No other company in this theme has enough history to compare yet.
- FY2022-Q1AchievedAnnual report
「During the cumulative first quarter of the fiscal year, the company newly established 奥唯(深圳)科技貿易有限公司.」
The plan to incorporate the Shenzhen representative office was realized through the establishment of a new company and its inclusion in the scope of consolidation. - FY2021-Q3First statedAnnual report
「The company established a Global Strategy Project in fiscal 2020 and has continued to examine its overseas business strategy. It has now decided to incorporate its Shenzhen representative office in China, a global hub for the IT and high-tech industries, to strengthen sales activities and expand its electrical and electronic components business. Overview of the subsidiary to be established: Name: 奥唯（深圳）科技貿易有限公司; Business: sales of electrical and electronic components and related activities; Capital: RMB3,500,000 (¥56 million); Expected establishment: May 2021; Major shareholder and ownership: オーウエル株式会社 (100%).」
The company disclosed, for the first time, a specific plan to incorporate its Shenzhen representative office and strengthen sales and expand the electrical and electronic components business. The subsidiary was scheduled to be established in May 2021, with capital of ¥56 million and 100% funded by the company.