Shifting the business focus from packaging materials in China to international logistics
First written in FY2016. 7 of 9 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2025.
Sanritsu moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Reframed".
- FY2025Selecting and concentrating management resources through the transfer of the China businessAnnual report
「Under these circumstances, we implemented measures to improve profitability while considering the selection and concentration of management resources. In this context, after taking into account recent changes in the business environment in China, we determined that entrusting the operation of Shanyue to a company with extensive knowledge of the Chinese market would lead to further growth and enhanced competitiveness for that company. Accordingly, we decided to transfer the shares to Shanghai Baojing Packaging Products Co., Ltd.」
All shares of the international logistics subsidiary in Shanghai, China were transferred as of 31 March 2025 due to the deterioration of the business environment and the withdrawal of major customers from China. The plan's positioning has shifted toward concentrating resources on the US business rather than the China business. - FY2018-Q3AdvancedAnnual report
「Profit increased because, in addition to reorganizing the 2 loss-making subsidiaries, orders for spot projects and machine-tool handling by the Shanghai subsidiary remained strong.」
Following the restructuring to shift from China's packaging materials business to international logistics and machine-tool handling, the reorganization of loss-making subsidiaries, along with spot projects and machine-tool handling in the Shanghai area, contributed to the increase in profit. - FY2018-Q2AdvancedAnnual report
「Sales at the consolidated Chinese subsidiaries declined because the 2 subsidiaries in East China that had been reorganized in the previous fiscal year were excluded from the scope of consolidation. Profit increased because, in addition to reorganizing the 2 loss-making subsidiaries, machine-tool handling by the Shanghai subsidiary remained strong.」
Following the restructuring of the China business, profit increased as machine-tool handling in the Shanghai area remained strong, in addition to the reorganization of the 2 loss-making subsidiaries. - FY2018-Q1AdvancedAnnual report
「Sales at the consolidated Chinese subsidiaries declined because the 2 subsidiaries in East China that had been reorganized in the previous fiscal year were excluded from the scope of consolidation. In terms of profit, in addition to reorganizing the 2 loss-making subsidiaries, the Shanghai subsidiary gradually increased its handling of machine tools, resulting in the recording of a profit.」
The 2 subsidiaries in East China were reorganized and excluded from the scope of consolidation, while increased machine-tool handling by the Shanghai subsidiary resulted in the recording of a profit. The restructuring from China's packaging materials business to international logistics and machine-tool handling is progressing. - FY2017AdvancedAnnual report
「Sales at the consolidated Chinese subsidiaries declined because, in addition to the transfer of 2 subsidiaries in South China in the previous fiscal year, business restructuring was advanced in East China during the current fiscal year, shifting from the planning, design and sale of packaging materials to international logistics, including packaging. However, progress was made in improving their loss-making structure, and the earning power of the business improved.」
In East China, business restructuring from packaging materials to international logistics was advanced, and the transfer of a 90% interest in the Suzhou subsidiary and the liquidation of the Zhangjiagang subsidiary were completed. Following the restructuring, the loss-making structure improved and earning power increased. - FY2017-Q3AdvancedAnnual report
「Sales at the consolidated Chinese subsidiaries declined due to the effects of transferring 2 subsidiaries in South China in May of the previous fiscal year and partially transferring the equity interest in a subsidiary in East China in July of the current fiscal year. However, progress was made in improving their loss-making structure, and the earning power of the business improved.」
Following the transfer of subsidiaries to concentrate management resources on international logistics rather than China's packaging materials business, the loss-making structure improved and earning power increased. - FY2017-Q2AdvancedAnnual report
「Although profitability has been improving substantially through business restructuring, including workforce reductions and plant downsizing, no future growth is expected in the planning, design and sale of packaging materials. In addition, our business policy is to concentrate management resources in international logistics, including packaging, an area in which we have strengths, at Shanyue International Freight Forwarding (Shanghai) Co., Ltd. Accordingly, we transferred part of our equity interest in Suzhou Shinnan Packaging Products Co., Ltd. to Suzhou Jiudeqi Electronic Technology Co., Ltd.」
In line with the policy of concentrating management resources on international logistics rather than China's packaging materials business, the transfer of the interest in the Suzhou subsidiary was completed, and the subsidiary was excluded from the scope of consolidation from the second quarter. A loss on the sale of shares in an affiliated company of ¥90.971 million was recorded in connection with the transfer. - FY2017-Q1AdvancedAnnual report
「Although profitability has been improving substantially through business restructuring, including workforce reductions and plant downsizing, no future growth is expected in the planning, design and sale of packaging materials. In addition, our business policy is to concentrate management resources in international logistics, including packaging, an area in which we have strengths, at Shanyue International Freight Forwarding (Shanghai) Co., Ltd. Accordingly, we transferred part of our equity interest in Suzhou Shinnan Packaging Products Co., Ltd. to Suzhou Jiudeqi Electronic Technology Co., Ltd.」
Under the policy of shifting the business focus from packaging materials in China to international logistics, a 90% interest in the Suzhou subsidiary was transferred on 12 July 2016, reducing our remaining interest to 10%. - FY2016First statedAnnual report
「We determined that it would be advisable to shift our primary business focus from the sale of packaging materials, where our competitiveness in the Chinese market had declined substantially, to international logistics, where we could capitalize on our strengths. Accordingly, we transferred all shares held by the Company in Shinei Hong Kong Co., Ltd. (including Shinei Packaging (Shenzhen) Co., Ltd.).」
All shares of the South China subsidiary were transferred. In addition, the transfer of a 90% interest in the Suzhou subsidiary was scheduled for September 2016, and the Zhangjiagang subsidiary was scheduled to be closed in January 2017.