Launch of a Trading Business Focused Primarily on Exporting General Merchandise Overseas
First written in FY2019-Q1. 8 of 18 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2024-Q1.
Tokyo Koki moved to the "Worse" side of this theme in 2023.
0 other companies' latest entry also says "Dropped".
- FY2024-Q1DroppedAnnual report
「In the Trading business, the Company determined that it should not continue the business after inappropriate accounting treatment was discovered and the accounting was corrected for prior fiscal years, and withdrew from the business.」
Following inappropriate accounting treatment and corrections to prior years, the company decided to withdraw from the trading business, which focused on procuring and selling general merchandise overseas, rather than continue it. - FY2023-Q3WorsenedAnnual report
「While demand for cross-border e-commerce, mainly in China, remained firm and sales of products for overseas markets were relatively steady, procurement did not proceed as planned due partly to the renewed spread of COVID-19, resulting in sales below the previous year’s level. As a result, sales in the trading business were ¥537 thousand and operating loss was ¥15,855 thousand, compared with sales of ¥9,977 thousand and an operating loss of ¥1,292 thousand in the previous year.」
Although demand for cross-border e-commerce remained firm, delays in procuring products due to the renewed spread of COVID-19 resulted in sales of ¥537 thousand and an operating loss of ¥15,855 thousand in the trading business, with lower sales and a wider loss than in the previous year. - FY2023-Q1Growing demand for cross-border e-commerce and expanded sales channels alongside declining sales due to lockdowns and the adoption of the revenue recognition standardAnnual report
「In the trading business, sales of mass-market products aimed at inbound demand have not recovered from the previous consolidated fiscal year because the number of tourists visiting Japan remains sharply lower. Demand for cross-border e-commerce, mainly in China, is trending upward. Sales of products for overseas markets were affected by lockdowns in major cities under the Chinese government’s zero-COVID policy, but we developed new suppliers to broaden our product range and worked with distributors to expand sales channels. As a result, sales in the trading business were ¥20,967 thousand, compared with ¥742,496 thousand in the previous year, and operating profit was ¥15,171 thousand, down 15.8% year on year.」
Demand for cross-border e-commerce, mainly in China, was trending upward, and the company expanded sales channels by developing suppliers and working with distributors. However, sales fell substantially due to lockdowns under the zero-COVID policy and the adoption of the revenue recognition standard. - FY2022Intensifying competition in overseas sales alongside higher profit in the trading businessAnnual report
「In the trading business, we are working to expand operations focused on procuring and selling products for overseas markets in Japan, targeting China and Asian markets primarily and focusing on international commerce.」
The trading business continues to focus on procuring and selling products for China and Asian markets. In terms of results, sales declined while operating profit increased. - FY2022-Q3Intensifying competition in overseas sales alongside higher profit in the trading businessAnnual report
「In the Trading business, sales of products for mass retailers aimed at inbound demand declined as the number of visitors to Japan plunged because of the spread of COVID-19. Sales of products for overseas markets also struggled amid intensifying competition. As a result, sales did not exceed the same period of the previous year, although operating profit did.」
While developing international commerce as a new pillar, sales of products for overseas markets struggled amid intensifying competition, and sales in the trading business fell 10.3% year on year. Operating profit, however, rose 30.6%. - FY2022-Q2RestatedAnnual report
「In the trading business, sales of mass-market products aimed at inbound demand fell substantially as the number of tourists visiting Japan plunged due to the spread of COVID-19. On the other hand, sales of products for overseas markets grew steadily, allowing operating profit to exceed the previous year’s level even though total sales declined. As a result, sales in the trading business were ¥1,931,079 thousand, down 7.3% year on year, while operating profit was ¥31,353 thousand, up 22.3%.」
Sales of products for overseas markets continued to grow, and operating profit in the trading business exceeded the previous year’s level despite the decline in sales of mass-market products. - FY2021AdvancedAnnual report
「In the trading business, we will continue to increase sales of products for cross-border e-commerce in China and seek to improve margins, including by considering handling new products.」
For the trading business, the company identified expanding sales of cross-border e-commerce products for China, handling new products and improving margins as its next initiatives. - FY2021-Q3AdvancedAnnual report
「In the trading business, sales of lifestyle-related products for general consumers through mass retailers, which had been conducted previously, fell substantially as the number of tourists visiting Japan plunged due to the spread of COVID-19. However, sales of products for overseas markets, which began in the previous consolidated fiscal year, continued to grow steadily, allowing both sales and profit to exceed the previous year’s levels. As a result, sales in the trading business were ¥3,195,468 thousand, up 73.5% year on year, and operating profit was ¥41,093 thousand, up 25.8%.」
Sales of products for overseas markets, which began in the previous consolidated fiscal year, grew, with sales in the trading business up 73.5% year on year and operating profit up 25.8%. - FY2021-Q2AdvancedAnnual report
「In the trading business, sales of lifestyle-related products for general consumers through mass retailers, which had been conducted previously, fell substantially as the number of tourists visiting Japan plunged due to the spread of COVID-19. However, sales of products for overseas markets, which began in the previous consolidated fiscal year, grew steadily, allowing both sales and profit to exceed the previous year’s levels. As a result, sales in the trading business were ¥2,082,377 thousand, up 198.2% year on year, and operating profit was ¥25,629 thousand, up 63.2%.」
Sales of products for overseas markets, which began in the previous consolidated fiscal year, grew, with sales in the trading business up 198.2% year on year and operating profit up 63.2%. - FY2021-Q1AdvancedAnnual report
「In the trading business, sales of lifestyle-related products for general consumers through mass retailers, which had been conducted previously, fell substantially as the number of foreign tourists visiting Japan plunged due to the spread of COVID-19. However, sales of products for overseas markets, which began in the previous consolidated fiscal year, increased substantially, allowing both sales and profit to exceed the previous year’s levels. As a result, sales in the trading business were ¥1,082,171 thousand, up 484.1% year on year, and operating profit was ¥13,817 thousand, up 187.7%.」
Sales of products for overseas markets, which began in the previous fiscal year, increased, and sales and operating profit in the trading business substantially exceeded the previous year’s levels. - FY2020AdvancedAnnual report
「As a result, sales in the trading business were ¥2,788,728 thousand, up 866.0% year on year, and operating profit was ¥49,003 thousand, up 118.1%.」
The trading business, which began procuring and selling products for overseas markets, became a separate segment, with sales and operating profit increasing substantially. - FY2020-Q3AdvancedAnnual report
「In the trading business included in the engineering segment, we began procuring and selling products for overseas markets during the current period in addition to our existing sales of lifestyle-related products for general consumers, enabling us to secure sales and profit more steadily. Going forward, we will work to expand the business further, including by further growing the trading business. As a result, sales in the engineering business were ¥2,104,737 thousand, up 407.8% year on year, and operating profit was ¥157,654 thousand, up 157.5%.」
The company explained that the trading business, which began procuring and selling products for overseas markets during the current period, helped secure sales and profit steadily. Sales and operating profit for the engineering business as a whole also substantially exceeded the previous year’s levels. - FY2020-Q2AdvancedAnnual report
「In the trading business included in the engineering segment, sales of lifestyle-related products for general consumers have traditionally been heavily affected by inbound demand. However, since we began procuring and selling products for overseas markets during the current period, we have been able to secure sales and profit more steadily. As a result, sales in the trading business were ¥616,916 thousand, up 454.1% year on year. Going forward, we will work to expand the business further, including by further growing the trading business.」
The company began procuring and selling products for overseas markets during the current period, and sales in the trading business rose 454.1% year on year to ¥616,916 thousand. The business has reached the stage of expanding as a new source of earnings. - FY2020-Q1AdvancedAnnual report
「Against this backdrop, in addition to its existing businesses, the Group launched a trading business focused on international commercial transactions to create a new earnings pillar, and worked to expand earnings and stabilize its financial base.」
The trading business, which had been at the stage of considering its launch timing, progressed to actual commencement of international commerce. The company explained that this also contributed to increases in sales and operating profit in the engineering business. - FY2019RaisedAnnual report
「In addition to our three existing pillars, the testing-equipment, engineering and overseas businesses, we will develop a business model and establish an operating structure to expand the trading business focused on international commerce and make it our fourth pillar.」
The company clearly stated its policy of expanding the trading business, which had remained at the stage of considering its launch timing, as a “fourth pillar” alongside the three existing businesses, elevating its status to a business for which it would establish a model and operating structure. - FY2019-Q3RestatedAnnual report
「The overseas expansion of each business in our group is being led by the International Division, but we will consider the timing of launching the new trading business with a view to starting it during the current fiscal year.」
The launch of the new trading business exporting general merchandise overseas has been delayed due to the selection and screening of business partners and other factors, and the company maintains its previous explanation that it will consider the launch timing with a view to starting during the current fiscal year. - FY2019-Q2SoftenedAnnual report
「The overseas expansion of each business in our group is being led by the International Division, but we will consider the timing of launching the new trading business with a view to starting it during the current fiscal year.」
The planned launch in August 2018 was delayed due to the selection and screening of business partners, and the stated plan was scaled back to considering the launch during the current fiscal year. - FY2019-Q1First statedAnnual report
「To expand sales and profit and stabilise our financial base and business performance, our board of directors resolved at its meeting held on 13 July 2018 to launch a new trading business. The new business will primarily procure general merchandise in Japan and export it overseas, including to China and Southeast Asia. We will establish a new international operations division within the company to oversee the business.」
To stabilise our financial base and improve business performance, we resolved to launch a trading business procuring general merchandise in Japan and exporting it to China, Southeast Asia and other markets. We planned to establish an international operations division and begin the business in August 2018.