Expansion of the Study Tour and Consulting Businesses

「In the Other business, consulting related to on-site improvements in Japan and overseas, and training projects from overseas companies and educational institutions increased.」

「In the Other businesses, consulting services related to workplace improvement in Japan and overseas, factory start-up support, and training engagements from overseas companies and educational institutions increased.」

「In the Other business, consulting related to on-site improvements in Japan and overseas, and training projects from overseas companies and educational institutions increased. The company also received more projects involving system upgrades to promote digital transformation and factory start-up support. On the earnings front, profits increased through the contribution of the foreign employment management support business as the placement of foreign engineers and technical interns progressed. Heiwa Iron Works Co., Ltd. also contributed to earnings as orders and production of medium-sized products proceeded smoothly and it received numerous small-product production orders from major heavy electrical equipment manufacturers. As a result, revenue was ¥1,325.713 million, up 10.6% year on year, and segment profit was ¥370.762 million, up 23.6%.」

「In the Other business, consulting related to on-site improvements in Japan and overseas, and training projects from overseas companies and educational institutions increased. Projects for on-site instruction at overseas subsidiaries and factory start-up support also increased. On the earnings front, profits increased through the contribution of the foreign employment management support business as the placement of foreign engineers and technical interns progressed. Heiwa Iron Works Co., Ltd. also contributed to earnings as orders and production of medium-sized products proceeded smoothly and it received numerous small-component production orders from major heavy electrical equipment manufacturers. As a result, revenue was ¥668.864 million, up 23.9% year on year, and segment profit was ¥190.314 million, up 55.5%.」

「As a result, revenue was ¥1,198.292 million, up 19.2% year on year, and segment profit was ¥299.912 million, up 42.4%.」

「In the Other business, consulting related to on-site improvements in Japan and training projects from overseas companies and educational institutions increased. In addition to developing AI solutions to improve productivity, the company received more factory start-up support consulting projects from customers seeking to bring production back to Japan. On the earnings front, profits increased through the contribution of the foreign employment management support business as the placement of foreign engineers and technical interns progressed. As a result, revenue was ¥860.303 million, up 23.8% year on year, and segment profit was ¥249.640 million, up 98.2%.」

「In the Other business, consulting related to on-site improvements in Japan and training projects from overseas companies and educational institutions increased. In addition to developing AI solutions to improve productivity, the company received more factory start-up support consulting projects from customers seeking to bring production back to Japan. On the earnings front, profits increased through the contribution of the foreign employment management support business as the placement of foreign engineers and technical interns progressed. As a result, revenue was ¥539.704 million, up 20.8% year on year, and segment profit was ¥122.385 million, up 90.3%.」

「In Other Businesses, projects for on-site improvement consulting and training increased both in Japan and overseas.」

「As a result, revenue was ¥1,005 million, up 34.2% year on year, and segment profit was ¥210 million, up 87.7%.」

「In the Other business, the easing of activity restrictions and border-control measures in various countries led to an increase in on-site improvement consulting and training. In addition, training tours from Europe, North America and the Middle East resumed, and inquiries increased for factory start-up support consulting for customers seeking to bring production back to Japan.」

「In the Other business, the easing of activity restrictions and border-control measures in various countries led to an increase in on-site improvement consulting and training. In addition, training tours from Europe, North America and the Middle East resumed.」

「The company is also developing factory start-up support consulting for customers seeking to bring production back to Japan.」

「On the earnings front, the foreign employment management support business achieved monetization through revisions to its business strategy and expense reductions despite restrictions on foreign nationals entering Japan. In addition, revenue from the high-margin, on-site improvement consulting business, which had remained sluggish through the previous summer, recovered from September onward. As a result, the company remained profitable during the cumulative third-quarter consolidated period. Revenue was ¥505.664 million, up 13.5% year on year, and segment profit was ¥52.795 million, up 20.5%.」

「On the earnings front, the foreign employment management support business reached a point where monetization was in sight through revisions to its business strategy and expense reductions despite restrictions on foreign nationals entering Japan. In addition, although revenue from the high-margin, on-site improvement consulting business continued to decline through the summer, it began to recover from September onward. As a result, the company remained profitable during the cumulative second-quarter consolidated period.」

「As a result of continued efforts in web seminars and remote instruction, inquiries and business leads from Japan and overseas continued to increase from September onward, creating conditions in which stable revenue is expected.」

「The company's online business was also expanded to overseas training tours, and it actively promoted factory tours, exchanges of views with executives and other offerings, receiving high evaluations.」

「The company's online business was also expanded to overseas training tours, and it actively promoted factory tours, exchanges of views with executives and other offerings, receiving high evaluations.」

「The company's online offerings were also expanded to overseas training tours. It actively promoted online factory tours and exchanges of views with executives, receiving high evaluations.」

「In the Other business, both the on-site improvement consulting business and training tours from overseas were significantly affected by the novel coronavirus. Meanwhile, the improvement consulting business has been developing new offerings, including web seminars and web-based consulting instruction, which has led to the acquisition of new customers.」

「The on-site improvement consulting business and training tours from overseas maintained their strong performance through the beginning of Reiwa 2. However, they have faced difficult conditions due to the significant impact of the novel coronavirus during the period from February through June.」

「In the Other business, the on-site improvement consulting business and training tours from overseas maintained their strong performance through the beginning of 2020. More recently, however, the business has been significantly affected by the spread of the coronavirus, and difficult conditions are expected to continue for some time.」

「The other core business, overseas training tours to Japan, is expected to continue receiving solid demand, and participation from Russia, the Middle East and other regions has recently increased.」

「The other core business, overseas training tours to Japan, is expected to continue receiving solid demand, and participation from Russia, the Middle East and other regions has recently increased.」

「The other core business, training missions to Japan for overseas participants, is expected to continue receiving solid demand, and participation from Russia, the Middle East and other regions has recently increased.」

「The other core business, training study tours to Japan for overseas participants, continued to see increased participation and inquiries from Malaysia, China and European countries including Italy, Germany and Brazil.」

「The other core business, overseas study tours, remained strong, with continued inquiries from Malaysia, China, Italy and other countries. Following the launch of a joint venture in China, the company expects further orders from that market.」

「The other core business, overseas study tours, saw an increase in inquiries not only from Southeast Asia, mainly Malaysia, but also from Europe and North America.」

「In the other core business, study tours, participation increased not only from Southeast Asia and China but also from Europe and South America. The company also accepted engineers from emerging economies under a technical-support program operated by a government-related organization.」

「In the other core business, study tours, participation increased not only from China and Southeast Asia but also from Europe, North America and South America.」

「In the other core business, study tours, tours from remote locations such as Europe and North America declined, resulting in lower revenue and profit. However, as the yen weakened after the beginning of the year, new inquiries from Asia and other regions increased.」

「In the other core business, study tours, tours from remote locations such as Europe and North America declined, while tours from nearby countries such as those in Asia increased. This caused both revenue and profit margins to fall sharply, resulting in lower revenue and profit overall.」

「The main business, on-site improvement consulting for manufacturers, received strong demand both in Japan and overseas, and the company responded by adding consultants. However, in the other core business, study tours, concerns about a sharp appreciation of the yen following the UK's withdrawal from the EU led to postponements and cancellations, particularly for tours from remote locations in Europe and South America. As a result, revenue and profit declined.」

「The company will further strengthen its study-tour business for inbound visitors, which the Japan Tourism Agency is also actively promoting, increase the number of alliance partners in China, Europe, North America and South America, and attract more customers for training tours to the company's training center. It will develop this business at an early stage from the Other revenue segment into a standalone business division, both as a foundation for overseas expansion and as a source of opportunities for its improvement consulting business.」