Establishment of a Joint Venture in Thailand for Industrial Rubber Products
First written in FY2018. 9 of 17 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024DroppedAnnual report
「SY RUBBER (THAILAND) CO.,LTD., previously a consolidated subsidiary, was excluded from the scope of consolidation following the Company's transfer of all shares it held in the company on 25 March 2024.」
All shares in the Thai joint venture SY RUBBER (THAILAND) CO.,LTD. were transferred on 25 March 2024, and the company was excluded from the scope of consolidation. - FY2024-Q1RestatedAnnual report
「In January 2023, SANKYO KASEI VIETNAM CO., LTD. was established in Ho Chi Minh City, the Socialist Republic of Vietnam. By bringing together the Group's strengths across these 6 overseas and 6 domestic locations, we are developing solution-based sales that meet customer needs.」
Following the establishment of the Vietnamese subsidiary, the Company has continued to maintain a solution-based sales platform comprising 6 overseas locations and 6 domestic locations. - FY2023The Company explicitly addressed recovery from delays caused by the COVID-19 pandemic and the establishment of an earnings baseAnnual report
「SY RUBBER (THAILAND) CO.,LTD. (capital: THB 88.8 million; the Company's investment stake: 90%) will promptly recover from delays caused by the COVID-19 pandemic and focus on establishing an earnings base in close cooperation with joint venture partner Yamakawa Molding Co., Ltd., with the aim of expanding transactions with Japanese companies operating in Thailand and neighboring countries.」
Regarding operations following the launch of SY RUBBER, the Company identified recovery from delays caused by the COVID-19 pandemic and the establishment of an earnings base as new priorities. - FY2023-Q3RestatedAnnual report
「By bringing together the Group's strengths across these 5 overseas and 6 domestic locations, we are developing solution-based sales that meet customer needs.」
The Company has continued to expand its overseas business by leveraging 5 overseas locations and 6 domestic locations, including the establishment and launch of SY RUBBER（THAILAND）. - FY2023-Q2RestatedAnnual report
「By bringing together the Group's strengths across these 5 overseas and 6 domestic locations, we are developing solution-based sales that meet customer needs.」
The Company has continued to expand its overseas business by leveraging 5 overseas locations and 6 domestic locations, including the establishment and launch of SY RUBBER（THAILAND）. - FY2022-Q3RestatedAnnual report
「In addition, the Company established SY RUBBER (THAILAND) CO.,LTD. in August 2018 through a joint venture with Yamakawa Molding Co., Ltd., a manufacturer of industrial rubber products. The new company manufactures and sells industrial rubber products and began operations in February 2019 in Samut Prakan, Thailand.」
The Company has continued to describe the establishment and launch of SY RUBBER（THAILAND）and the expansion of its overseas business from Thailand. - FY2022-Q2RestatedAnnual report
「In addition, the Company established SY RUBBER (THAILAND) CO.,LTD. in August 2018 through a joint venture with Yamakawa Molding Co., Ltd., a manufacturer of industrial rubber products. The new company manufactures and sells industrial rubber products and began operations in February 2019 in Samut Prakan, Thailand.」
The Company has continued to describe the establishment and launch of SY RUBBER（THAILAND）and the expansion of its overseas business from Thailand. - FY2022-Q1RestatedAnnual report
「In addition, the Company established SY RUBBER (THAILAND) CO.,LTD. in August 2018 through a joint venture with Yamakawa Molding Co., Ltd., a manufacturer of industrial rubber products. The new company manufactures and sells industrial rubber products and began operations in February 2019 in Samut Prakan, Thailand.」
The Company has continued to describe the establishment and launch of SY RUBBER（THAILAND）and the expansion of its overseas business from Thailand. - FY2021-Q3RestatedAnnual report
「By bringing together the Group's strengths across these 5 overseas and 6 domestic locations, we are developing solution-based sales that meet customer needs.」
The Company has continued to expand its overseas business by leveraging 5 overseas locations and 6 domestic locations, including the establishment and launch of SY RUBBER（THAILAND）. - FY2021-Q2RestatedAnnual report
「In addition, the Company established SY RUBBER (THAILAND) CO.,LTD. in August 2018 through a joint venture with Yamakawa Molding Co., Ltd., a manufacturer of industrial rubber products. The new company manufactures and sells industrial rubber products and began operations in February 2019 in Samut Prakan, Thailand.」
The Company has continued to describe the establishment and launch of SY RUBBER（THAILAND）and the expansion of its overseas business from Thailand. - FY2020Higher operating expenses, including those of the joint venture, weighed on full-year earningsAnnual report
「The increase in operating expenses, including those of the Thai joint venture subsidiary SY RUBBER (THAILAND), could not be fully absorbed, and operating profit declined 22.3% year on year to ¥287 million.」
Following the launch of SY RUBBER (THAILAND), the increase in operating expenses, including those of the company, emerged as a factor behind the full-year decline in earnings in the Scientific Business. - FY2020-Q2Operating expenses, including those of the joint venture subsidiary, continued to increaseAnnual report
「As a result, revenue in the Scientific Business segment increased to ¥1,001 million, up 7.0% year on year. However, the increase in operating expenses, including those of the Thai joint venture subsidiary SY RUBBER (THAILAND), could not be fully absorbed, and operating profit declined 10.1% year on year to ¥145 million.」
The increase in operating expenses, including those of the Thai joint venture subsidiary SY RUBBER (THAILAND), has continued to weigh on earnings in the Scientific Business. - FY2020-Q1Initial operating costs incurred by the joint ventureAnnual report
「The main factors behind the increase in selling, general and administrative expenses were the start of depreciation following the transition of the new core business system to full-scale operations, temporary expenses associated with the relocation of the Tokyo branch, and initial operating expenses for SY RUBBER (THAILAND), a joint venture subsidiary established in Thailand in August of the previous year.」
Initial operating costs for SY RUBBER (THAILAND), established in August 2018 and launched in February 2019, contributed to the increase in consolidated selling, general and administrative expenses. - FY2019AchievedAnnual report
「The Company established SY RUBBER (THAILAND) CO.,LTD. in August 2018 through a joint venture with Yamakawa Molding Co., Ltd., a manufacturer of industrial rubber products. The new company manufactures and sells industrial rubber products, has capital of THB 88.8 million, and is 90% owned by the Company. It began operations in February 2019 in Samut Prakan, Thailand.」
SY RUBBER (THAILAND) CO.,LTD. was established in August 2018 and began operations in February 2019. - FY2019-Q3RestatedAnnual report
「The Company established a new company, SY RUBBER（THAILAND）CO.,LTD, through a joint venture with Yamakawa Molding Co., Ltd., a manufacturer of industrial rubber products. The new company manufactures and sells industrial rubber products, has capital of THB 88.8 million, and is 90% owned by the Company. It was established on 28 August 2018, and preparations for business commencement in February 2019 are under way in Samut Prakan, Thailand.」
Following the establishment of the Thai joint venture SY RUBBER（THAILAND）CO.,LTD, preparations for business commencement in February 2019 have continued. - FY2019-Q2AdvancedAnnual report
「The Company established a new company, SY RUBBER (THAILAND) CO., LTD, through a joint venture with Yamakawa Molding Co., Ltd., a manufacturer of industrial rubber products. The new company manufactures and sells industrial rubber products, has capital of THB 88.8 million, and is 90% owned by the Company. It was established on 28 August 2018, and preparations for business commencement in February 2019 are under way in Samut Prakan, Thailand.」
The Thai joint venture, SY RUBBER (THAILAND) CO., LTD, was established on 28 August 2018. It has capital of THB 88.8 million and a 90% investment stake, and preparations are under way for business commencement in February 2019. - FY2018First statedAnnual report
「The Company has decided to establish a new company in Thailand through a joint venture with Yamakawa Molding Co., Ltd., a manufacturer of industrial rubber products (located in Matsusaka, Mie Prefecture; Representative Director: Yamakawa Dan (山川 段)). The new company will manufacture and sell industrial rubber products, with capital of ¥300 million and a 90% investment stake held by the Company. Preparations for its launch are under way, with business commencement targeted for February 2019. In close cooperation with joint venture partner Yamakawa Molding Co., Ltd., the Company intends to establish the production system at an early stage and expand its global business, including by increasing transactions with Japanese companies expanding into Thailand and neighboring countries.」
The Company disclosed for the first time its plan to establish a company in Thailand for the manufacture and sale of industrial rubber products through a joint venture with Yamakawa Molding Co., Ltd. Capital is ¥300 million, the investment stake is 90%, and business commencement is targeted for February 2019.