Making an Indonesian Wooden Door Business a Consolidated Subsidiary
First written in FY2018-Q1. 9 of 18 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 1 of 7 companies on the "Worse" side.
17 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「At the Indonesian subsidiary, sales in Indonesia and exports to the European and US markets both continued to increase substantially, resulting in strong revenue and earnings compared with the same period of the previous year.」
The Indonesian wood door business saw substantial increases in domestic sales and exports to the European and US markets, with revenue and earnings both performing well. - FY2025-H1AdvancedAnnual report
「At the Indonesian subsidiary, new business development, mainly in the European and US markets, progressed smoothly, and revenue and earnings both performed well compared with the same period of the previous year.」
The previous situation of continued declines in sales to Europe shifted as new business development in the European and US markets progressed smoothly, resulting in strong revenue and earnings. - FY2024Continued decline in sales to the European marketAnnual report
「At the Indonesian subsidiary, revenue and earnings were both weaker than in the same period of the previous year, mainly because revenue from the European market declined substantially.」
Although the policy of developing sales channels in Indonesia and for the European and US markets continued, revenue and earnings were weak because of a substantial decline in sales to the European market. - FY2024-Q3RestatedAnnual report
「At the Indonesian subsidiary, the company continued developing sales channels for the European and US markets and in Indonesia and worked to expand sales.」
The Indonesian subsidiary continued developing sales channels in Indonesia and for the European and US markets, but performance was weak during the period mainly because revenue from the European market declined substantially. - FY2024-Q2Weak sales and earnings in the European marketAnnual report
「At the Indonesian subsidiary, revenue and earnings were both weaker than in the same period of the previous year, mainly because revenue from the European market declined substantially.」
The Indonesian wood door business saw revenue and earnings weaken year on year because of a substantial decline in sales to the European market. - FY2024-Q1Decline in sales to the European marketAnnual report
「At the Indonesian subsidiary, the company continued developing sales channels for the European and US markets and in Indonesia and worked to expand sales.」
The Indonesian subsidiary continued developing sales channels in Indonesia and for the European and US markets, but sales to the European market declined mainly during the quarter, resulting in lower revenue year on year. - FY2023-Q3AdvancedAnnual report
「At the Indonesian subsidiary, sales to properties in Indonesia remained strong, while export sales, mainly to Europe, also remained steady.」
The Indonesian wood door business showed strong domestic property sales and steady export sales, mainly to Europe. - FY2023-Q1AdvancedAnnual report
「At the Indonesian subsidiary, sales volumes for properties in Indonesia recovered, while sales to the European and US markets continued to perform well.」
The Indonesian wood door business saw a recovery in sales volumes for domestic properties, while sales to the European and US markets also remained strong. - FY2022-Q3AdvancedAnnual report
「At the Indonesian subsidiary, production volumes increased as the production structure for veneer doors was strengthened by the operation of the new plant. Although sales volumes for properties in Indonesia declined because of higher raw material prices and delays in construction progress caused by the COVID-19 pandemic, sales to the European and US markets continued to perform well.」
Following the move to a new plant, the Indonesian subsidiary increased production volumes of veneer doors and maintained strong sales to the European and US markets despite lower domestic sales. - FY2022-Q2AdvancedAnnual report
「At the Indonesian subsidiary, production volumes increased as the production structure for veneer doors was strengthened following the move to a new plant. Although sales volumes for properties in Indonesia declined because of higher raw material prices and delays in construction progress caused by the COVID-19 pandemic, sales to the European and US markets continued to perform well.」
Following its move to a new plant, the Indonesian subsidiary expanded its production structure and production volumes for veneer doors and continued sales to the European and US markets. - FY2022-Q1AdvancedAnnual report
「At the Indonesian subsidiary, which moved to a new plant in December last year, the company continued developing sales channels in Indonesia and for the European and US markets and worked to expand sales.」
Following its move to a new plant, the Indonesian subsidiary strengthened its production structure and continued developing sales channels in Indonesia and for the European and US markets. - FY2021-Q2AdvancedAnnual report
「The ¥3,374 million decrease in funds from investing activities, compared with an increase of ¥1,209 million in the same period of the previous year, was mainly attributable to capital expenditures and forestry investments in Japan and subsidiaries in New Zealand, as well as ¥3,415 million spent on new capital expenditures at the Indonesian subsidiary.」
The overseas business, including the Indonesian wood door business, is at the stage of spending ¥3,415 million on new capital expenditures. - FY2021-Q1AdvancedAnnual report
「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.」
Following its inclusion as a consolidated subsidiary, the Indonesian wood door business is at the stage of developing sales channels not only in Indonesia but also in overseas markets, including Europe. - FY2019WorsenedAnnual report
「A review of the business plan considered when the Hong Kong consolidated subsidiary acquired shares in the Indonesian consolidated subsidiary revealed that the earnings plan involving increased production would be delayed. Accordingly, the company recognised the full unamortised balance of goodwill as an extraordinary loss.」
Revenue from the Indonesian wood door business was consolidated after it became a consolidated subsidiary, but delays in the earnings plan involving increased production were identified, and the full ¥382 million goodwill balance was impaired. - FY2019-Q1RestatedAnnual report
「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.」
Following the Indonesian wood door business becoming a consolidated subsidiary, the company is pursuing expansion through company-led management, use of manufacturing expertise and new capital investment. - FY2018AchievedAnnual report
「PT.Woodone Integra Indonesia, the group’s Indonesian subsidiary, had previously been accounted for under the equity method, but became a consolidated subsidiary after the group completed payment for the third-party allotment on 28 March 2018.」
The payment for the third-party allotment relating to the Indonesian wood door business was completed, making it a consolidated subsidiary with a 75% ownership interest. - FY2018-Q2SoftenedAnnual report
「As it became clear that responding to relevant Indonesian laws, regulations, licences and other requirements relating to the third-party allotment would take time, the company changed the scheduled payment date for the third-party allotment from “31 August 2017 (予定)” to “after October 2017, as soon as responses to the relevant Indonesian laws, regulations, licences and other requirements have been completed.”」
For the third-party allotment relating to the Indonesian wood door business, the scheduled payment date changed from 31 August 2017 to after October 2017, following completion of the necessary licensing and other procedures, making the deadline later and uncertain. - FY2018-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 31 July 2017, the group resolved to acquire shares in PT.Woodone Integra Indonesia and make it a subsidiary, as follows.」
The company disclosed for the first time specific plans to acquire 16,560 shares for US$7.6 million through a third-party allotment, resulting in a 75% ownership interest after the acquisition, in a company manufacturing and selling wood interior building materials in Indonesia. The scheduled acquisition date was 31 August 2017, and the purchase was to be funded with internal funds.