Building Processing, Distribution and Sales Capabilities in Asian Markets and Expanding Overseas Sales

「At the New Zealand subsidiary, production volumes for the Group declined because of weaker housing demand in Japan, and external sales volumes of logs and wood-based materials to the New Zealand domestic and overseas markets also declined. As a result, revenue fell below the level of the same period of the previous year. At the Indonesian subsidiary, sales in Indonesia and exports to Western markets continued to increase substantially, and both revenue and profit remained strong compared with the same period of the previous year.」

「In the overseas business, the New Zealand subsidiary sells logs and wood products in the New Zealand domestic market and elsewhere after securing production volumes for the Group. The Indonesian subsidiary continues to develop sales channels in Western markets and Indonesia and is working to expand sales.」

「In the overseas business, the New Zealand subsidiary maintained solid log sales, but its wood-products business performed poorly in terms of profit due to higher manufacturing costs resulting from lower production volumes, among other factors. Production volumes for the Group declined as a result of weaker housing demand in Japan, while lower housing-related demand in overseas markets reduced sales to customers outside the Group.」

「In the overseas business, the New Zealand subsidiary maintained solid log sales, but its wood-products business performed poorly in terms of profit due to higher manufacturing costs resulting from lower production volumes, among other factors. Production volumes for the Group declined as a result of weaker housing demand in Japan, while lower housing-related demand in overseas markets reduced sales to customers outside the Group. The Indonesian subsidiary also posted poor results in both revenue and profit compared with the same period of the previous year, mainly because revenue from the European market declined substantially.」

「In the overseas business, the New Zealand subsidiary maintained solid log sales, but its wood-products business performed poorly in terms of profit due to higher manufacturing costs resulting from lower production volumes, among other factors. Production volumes for the Group declined as a result of weaker housing demand in Japan, while lower housing-related demand in overseas markets reduced sales to customers outside the Group. The Indonesian subsidiary also posted poor results in both revenue and profit compared with the same period of the previous year, mainly because revenue from the European market declined substantially.」

「In the overseas business, the New Zealand subsidiary increased revenue year on year despite production constraints caused by labor shortages in New Zealand, helped in part by the recovery in log selling prices. The Indonesian subsidiary reported lower revenue year on year, mainly because sales to the European market declined.」

「Overseas, the New Zealand subsidiary is expanding sales of logs and wood products in New Zealand and Asian markets after securing production volumes for the Group. The Indonesian subsidiary is also strengthening its production capacity for veneer doors and developing sales channels in Indonesia and Western markets, with the aim of managing the business independently of trends in existing markets.」

「In the overseas business, the New Zealand subsidiary increased revenue, helped by the effect of selling-price revisions, despite production constraints caused by the spread of COVID-19 in New Zealand and labor shortages, as well as disruptions in ocean transport. The Indonesian subsidiary maintained strong sales to properties in Indonesia and solid export sales, mainly to the European market.」

「In the overseas business, production at the New Zealand subsidiary was constrained by the spread of COVID-19 in the country and labour shortages, in addition to disruptions to maritime transport, but sales increased partly due to the effect of price revisions. At the Indonesian subsidiary, sales to domestic Indonesian projects remained strong, while export sales, mainly to the European market, also remained firm.」

「In the overseas business, the New Zealand subsidiary sells logs and wood products in the domestic New Zealand and Chinese markets after securing production volumes for our Group. The Indonesian subsidiary continues to develop sales channels in Western markets and Indonesia and is working to expand sales.」

「In the overseas business, sales by the New Zealand subsidiary to the United States, the domestic New Zealand market and Asian markets were strong, supported by rising demand for logs and wood products in these markets. Although strengthened local COVID-19 measures in August forced the plant to suspend production for approximately two weeks, production resumed on 3 September. At the Indonesian subsidiary, production volumes increased as operations at the new plant strengthened the production structure for veneer doors. Although sales volumes for Indonesian domestic projects declined due to soaring raw material prices and construction delays caused by the COVID-19 pandemic, sales to Western markets remained strong.」

「In the overseas division, the New Zealand subsidiary sells logs and wood products in the United States, the domestic New Zealand market and Asian markets after securing production volumes for our Group. The Indonesian subsidiary, which moved to a new plant last December, continues to develop sales channels in Indonesia and overseas markets including Europe and the United States, and is working to expand sales.」

「In the overseas division, the New Zealand subsidiary sells logs and wood products in the United States, the domestic New Zealand market and Asian markets after securing production volumes for our Group. The Indonesian subsidiary, which moved to a new plant last December, continues to develop sales channels in Indonesia and overseas markets including Europe and the United States, and is working to expand sales.」

「As part of our global sales expansion, the New Zealand subsidiary is promoting external sales after securing production volumes for factories in our Group, while the Indonesian subsidiary is further developing the domestic Indonesian market and overseas sales channels, including in Europe.」

「As part of our global sales expansion, the New Zealand subsidiary is promoting external sales after securing production volumes for factories in our Group, while the Indonesian subsidiary is further developing the domestic Indonesian market and overseas sales channels, including in Europe.」

「As part of our global sales expansion, the New Zealand subsidiary is promoting external sales after securing production volumes for factories in our Group, while the Indonesian subsidiary is further developing the domestic Indonesian market and overseas sales channels, including in Europe.」

「To make effective use of high-quality, competitive radiata pine logs and expand sales of products requiring less on-site installation in response to the shortage of skilled workers, the entire Company worked together to rebuild its processing, distribution, sales and administrative structures, expand sales of high-value-added products and increase sales to overseas markets, including the rapidly growing Asian market.」

「To make effective use of high-quality, competitive radiata pine logs, the entire Company worked together to rebuild its processing, distribution and sales structures, expand sales of high-value-added products and increase sales to overseas markets, including the rapidly growing Asian market.」

「To make effective use of high-quality, competitive radiata pine logs, the Group worked together to rebuild its processing, distribution and sales structures and expand sales of high-value-added products. We also worked to increase sales to overseas markets, including the rapidly growing Asian market.」

「In the overseas business, to improve profitability across the Group, we actively pursued business reorganisation, including the transfer of all equity interests in the Shanghai consolidated subsidiary, as in the previous fiscal year, and worked on new capital investment and the transfer of production associated with these measures.」

「In the overseas business, approximately 30 years have passed since Juken New Zealand Ltd., our consolidated subsidiary in New Zealand, acquired logging rights in 1990 and began planting trees using the expertise developed by our Group. High-quality, competitive radiata pine logs that have been systematically managed and cultivated are reaching harvesting age. To use this high-quality solid wood to efficiently produce high-value-added products and further improve profitability, we reorganised the businesses of overseas subsidiaries and pursued new capital investment and the transfer of production.」

「In the overseas business, approximately 30 years have passed since Juken New Zealand Ltd., our consolidated subsidiary in New Zealand, acquired logging rights in 1990 and began planting trees using the expertise developed by our Group. High-quality, competitive radiata pine logs that have been systematically managed and cultivated are reaching harvesting age. To use this high-quality solid wood to efficiently produce high-value-added products and further improve profitability, we reorganised the businesses of overseas subsidiaries and pursued new capital investment and the transfer of production.」

「PT. Woodone Integra Indonesia, our consolidated subsidiary in Indonesia, is working to expand its business through Group-led management, the use of manufacturing expertise and new capital investment, while drawing on the expertise of the Integra Group, its joint-venture partner.」

「PT. Woodone Integra Indonesia, our Indonesian subsidiary, had previously been an equity-method affiliate, but became a consolidated subsidiary after our Group completed payment for a third-party allotment of shares on 28 March 2018. This enabled us to use the Integra Group’s expertise in the Indonesian business while pursuing Group-led management, applying our manufacturing expertise and making new capital investments.」

「Although overseas sales to customers outside the Group by overseas subsidiaries increased, domestic sales decreased, partly due to a decline in new housing starts.」

「The group has regarded the period since fiscal 2014 as its “Third Founding.” Building on the DNA it has developed to date, it has sought global growth by creating original markets, developing high-value-added new products using solid wood and enhancing its product lineup.」

「As part of our Group’s overseas strategy, we intend to acquire this business to expand operations in the growing Asian market.」

「Overseas, we established a local joint venture in Indonesia and began selling doors, among other initiatives.」

「(Completion of liquidation of an overseas consolidated subsidiary) Company being liquidated: Belkitchen Malaysia Sdn.Bhd. Liquidation completed: 7 April 2016」

「Overseas, we worked to establish new processing, distribution and sales structures, including the reorganisation of overseas subsidiaries through the establishment of a joint venture in Indonesia, the liquidation of a Chinese subsidiary and the establishment of a sales company, and worked to increase sales in overseas markets, including the rapidly growing Asian market.」