Entry into the Chinese market and joint venture for nursing care-related products
First written in FY2019-Q2. 2 of 7 entries say "Restated". Latest entry: FY2021-Q2.
No other company in this theme has enough history to compare yet.
- FY2021-Q2DroppedAnnual report
「In our overseas business, we established a joint venture in China with a local company and others in November 2018 to enter the rapidly aging Chinese market at an early stage. However, as the impact of COVID-19 made the outlook extremely uncertain, we terminated the joint venture agreement on 31 August 2020.」
The joint venture, which was our means of entering the Chinese market, was terminated on 31 August 2020, and all procedures were completed on 10 November. - FY2021-Q1RestatedAnnual report
「Through this joint venture, the company is conducting market research in preparation for launching its business locally.」
Market research in the local market through the Chinese joint venture is continuing, but no milestone for launching a new business has been disclosed. - FY2020WorsenedAnnual report
「Furthermore, due to the rapid spread of COVID-19 during the fourth quarter accounting period, it became impossible to recognize the revenue initially expected for that period. In light of these circumstances, we recognized a loss on valuation of investments in an affiliated company because the underlying value of the investment in the joint venture had declined significantly.」
The Chinese joint venture business made no progress beyond the market research stage, and the impact of COVID-19 made it impossible to recognize the anticipated revenue, resulting in a ¥9.603 million loss on valuation of the investment. - FY2020-Q2RestatedAnnual report
「Through this joint venture, the company is conducting market research in preparation for launching its business locally.」
Following the establishment of the Chinese joint venture, market research is continuing in preparation for the launch of the local business. - FY2020-Q1AdvancedAnnual report
「Through this joint venture, the company is conducting market research in preparation for launching its business locally.」
Following the establishment of the Chinese joint venture, the company is conducting market research in preparation for launching its local business. - FY2019-Q3AchievedAnnual report
「The company established a joint venture in China to sell and promote nursing-care-related products. ⑥ Business description: B2B and B2C sales of nursing-care-related products and other items in China through online and offline channels, and manufacturing and sales of own-brand products in China through OEM arrangements and other channels. ⑦ Date of establishment: 14 November 2018」
Although the establishment date was changed from the original September 2018 schedule due to various procedures, the joint venture in Hangzhou, China, was established on 14 November 2018. Capital was RMB 10 million, and the company's stake was 25%. - FY2019-Q2First statedAnnual report
「The company decided to establish a joint venture in China to sell and promote nursing-care-related products.」
The company planned to establish a joint venture in Hangzhou, China, to sell B2B and B2C products online and offline and manufacture and sell its own-brand products through OEM arrangements and other channels. The capital was to be RMB 10 million, with the company holding a 25% stake, and establishment was scheduled for mid-November 2018. The timing was changed from the original September 2018 schedule due to various procedures.