Expansion of International Transportation Services from a North American Base Through the Establishment of a U.S. Subsidiary
First written in FY2017-Q2. 8 of 16 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022Confirmation of liquidation completionAnnual report
「In the Other business segment, which is not included in the reportable segments, the US subsidiary AIT International of America,Inc. was excluded from the scope of consolidation because its liquidation was completed during the current consolidated fiscal year.」
The US subsidiary progressed from the stage of having ceased operations and undergoing liquidation to completing its liquidation during the current consolidated fiscal year, after which it was excluded from the scope of consolidation. - FY2021DroppedAnnual report
「The consolidated US subsidiary, AIT International of America,Inc., ceased operations on 29 February 2020 and had been undergoing liquidation procedures, which were completed on 16 March 2021.」
The North America-based US subsidiary proceeded through liquidation after ceasing operations, with the liquidation completed by the filing date. - FY2021-Q1DroppedAnnual report
「In the Other business segment, which is not included in the reportable segments, AIT International of America,Inc., the US subsidiary, ceased operations on 29 February 2020 and is currently undergoing liquidation procedures.」
Regarding the expansion of the US subsidiary’s North America-based operations, the entity ceased operations and is undergoing liquidation, bringing the initiatives concerning the US entity to the closing stage. - FY2020-Q3AdvancedAnnual report
「Cargo handling volumes increased at each of the US and Taiwan subsidiaries and the Vietnamese joint-venture company, while revenue from Myanmar was also added. Operating revenue was ¥837 million, compared with ¥379 million in the same period of the previous year, and segment profit was ¥74 million, compared with ¥12 million.」
Cargo handling volumes increased at the overseas bases in the United States, Taiwan and Vietnam, and revenue from Myanmar was also added, expanding operating revenue in the Other segment to ¥837 million and segment profit to ¥74 million. - FY2020-Q2AdvancedAnnual report
「Cargo handling volumes increased at each of the US and Taiwan subsidiaries and the Vietnamese joint-venture company, while revenue from Myanmar was also added. Operating revenue was ¥554 million, compared with ¥207 million in the same period of the previous year, and segment profit was ¥43 million, compared with ¥3 million.」
Cargo handling volumes increased at the overseas bases in the United States, Taiwan and Vietnam, and revenue from Myanmar was also added, resulting in operating revenue of ¥554 million and segment profit of ¥43 million. - FY2020-Q1AdvancedAnnual report
「Cargo handling volumes increased at each of the US and Taiwan subsidiaries and the Vietnamese joint-venture company, while revenue from Myanmar was also added. Operating revenue was ¥276 million, compared with ¥105 million in the same period of the previous year, and segment profit was ¥24 million, compared with ¥2 million.」
Cargo handling volumes increased at the bases in the United States, Taiwan and Vietnam, and revenue from Myanmar was also added, expanding operating revenue and profit in the Other segment. - FY2019AdvancedAnnual report
「Cargo handling gradually increased at each of the US and Taiwan subsidiaries and the Vietnamese joint-venture company, but cargo volumes remained small, limiting their contribution to operating revenue. Operating revenue was ¥543 million, compared with ¥167 million in the same period of the previous year, and segment profit was ¥21 million, compared with a segment loss of ¥45 million.」
Cargo handling increased at the newly established overseas bases in the United States, Taiwan and Vietnam. Full-year operating revenue was ¥543 million and segment profit was ¥21 million, turning profitable from a loss in the previous year. - FY2019-Q3AdvancedAnnual report
「Cargo handling gradually increased at each of the US and Taiwan subsidiaries and the Vietnamese joint-venture company, but cargo volumes remained small, limiting their contribution to operating revenue. Operating revenue was ¥379 million, compared with ¥69 million in the same period of the previous year, and segment profit was ¥12 million, compared with a segment loss of ¥36 million.」
Cargo handling gradually increased at the overseas bases in the United States, Taiwan and Vietnam. Operating revenue was ¥379 million and segment profit was ¥12 million, turning profitable from a loss in the same period of the previous year. - FY2019-Q2AdvancedAnnual report
「Cargo handling gradually increased at each of the US and Taiwan subsidiaries and the Vietnamese joint-venture company, but cargo volumes remained small, limiting their contribution to operating revenue. Operating revenue was ¥207 million, compared with ¥9 million in the same period of the previous year, and segment profit was ¥3 million, compared with a segment loss of ¥26 million.」
Cargo handling gradually increased at the newly established overseas bases in the United States, Taiwan and Vietnam. The Other segment recorded operating revenue of ¥207 million and segment profit of ¥3 million, turning profitable from a loss in the same period of the previous year. - FY2019-Q1AdvancedAnnual report
「The US and Taiwan subsidiaries and the Vietnamese joint-venture company each conducted full operations throughout the cumulative quarterly consolidated period, and cargo handling gradually increased. However, cargo volumes remained small, limiting their contribution to operating revenue. Operating revenue was ¥105 million, compared with ¥2 million in the same period of the previous year, and segment profit was ¥2 million, compared with a segment loss of ¥10 million.」
The US, Taiwan and Vietnam bases conducted operations throughout the quarter, and cargo handling increased. The Other segment recorded operating revenue of ¥105 million and segment profit of ¥2 million, turning profitable from a loss in the previous year. - FY2018RestatedAnnual report
「The US subsidiary and the newly established Taiwan subsidiary and Vietnamese joint-venture subsidiary had only recently begun full-scale operations, so their contribution to operating revenue remained limited. In addition, expenses associated with commencing operations were incurred. Operating revenue was ¥167 million, compared with ¥0 million in the same period of the previous year, and the segment loss was ¥45 million, compared with a segment loss of ¥7 million.」
The newly established overseas bases, including the North American operations, remain in the initial stage following the start of operations. Their contribution to operating revenue is limited, and losses, including start-up costs, have been incurred. - FY2018-Q3RestatedAnnual report
「The U.S. subsidiary, the newly established Taiwanese subsidiary and the Vietnamese joint venture each began operations, and we have worked to further expand international cargo transportation services through coordination across the Group.」
The overseas bases, including the US subsidiary, remain in the initial stage following the start of operations, and initiatives to expand international transportation services are continuing. - FY2018-Q2RestatedAnnual report
「The incorporation procedures for the US subsidiary were completed in September of the previous year and those for the Taiwan subsidiary in February of the current year. As only a short time had passed since they began full-scale operations, their contribution to operating revenue remained limited. The Vietnamese joint-venture subsidiary was still preparing to commence operations and made no contribution to operating revenue. Operating revenue was ¥9 million and the segment loss was ¥26 million.」
The US subsidiary remains in the early stage shortly after the start of full-scale operations, and its contribution to operating revenue remains limited. - FY2018-Q1AdvancedAnnual report
「The incorporation procedures for the US subsidiary were completed in September of the previous year, and it had only recently begun operations. Its contribution to operating revenue was therefore limited. The Taiwan subsidiary and the Vietnamese joint-venture subsidiary were also still preparing to commence operations and made no contribution to operating revenue. Operating revenue was ¥2 million and the segment loss was ¥10 million.」
The US subsidiary has entered the initial stage following the start of operations and has begun to make a small contribution to operating revenue. - FY2017-Q3Initial results disclosed following establishmentAnnual report
「As only a short time had passed since the US subsidiary was established in September of the previous year, it made no contribution to operating revenue, and the segment loss was ¥0 million.」
As the US subsidiary had only recently been established, it made no contribution to operating revenue during the cumulative third-quarter period, and the segment loss was ¥0 million, representing its initial results. - FY2017-Q2First statedAnnual report
「In anticipation of future trade liberalisation, we established a subsidiary in the United States to provide new North America-based international transportation services and further expand our services.」
The company established a US subsidiary as a new initiative to provide and expand North America-based international transportation services. The incorporation procedures were completed on 28 September 2016.