Expansion of international transportation and 3PL operations through a Vietnamese joint venture
First written in FY2017-Q3. 15 of 33 entries say "Restated". Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1Decline in the Vietnamese subsidiary's earnings due to organizational restructuringAnnual report
「Meanwhile, at the Vietnamese subsidiary, operating revenue declined partly due to organizational restructuring and amounted to ¥753 million, down 13.7% year on year, while segment profit was ¥58 million, down 46.3%.」
The decline in operating revenue at the Vietnamese subsidiary due to organizational restructuring is cited as a factor behind lower revenue and profit in the Other segment. - FY2025RestatedAnnual report
「At the Vietnam subsidiary, shipments handled for Japan were recovering,」
The recovery in shipments handled for Japan at the Vietnam subsidiary continued, indicating that the international transportation business was entering a recovery phase. - FY2025-H1RestatedAnnual report
「At the Vietnam subsidiary, shipments handled for Japan were recovering,」
As in the previous quarter, it was reported that shipments handled for Japan at the Vietnam subsidiary were recovering. - FY2025-Q1MitigatedAnnual report
「At the Vietnam subsidiary, shipments handled for Japan were recovering, while the Taiwan subsidiary also saw more revenue opportunities due in part to an increase in imports from Japan. At the Myanmar subsidiary, transport-related revenue remained stable, and orders for inspection and meter-reading services remained firm. In addition, the increase in the yen-denominated value of revenue resulting from yen depreciation provided a tailwind, bringing operating revenue to ¥390 million, up 28.0% year on year, and segment profit to ¥61 million, up 13.2%.」
Although a decline in shipments bound for Japan from Taiwan and Vietnam had been reported through the previous period, shipments handled in Vietnam were recovering, and the Other segment as a whole recorded higher revenue and profit. - FY2024-Q3RestatedAnnual report
「While revenue from inspection and meter-reading services at the Myanmar subsidiary and domestic logistics revenue were recovering, shipment volumes handled by the Taiwan and Vietnam subsidiaries for Japan declined. As a result, operating revenue was ¥840 million, down 31.7% year on year, and segment profit was ¥131 million, down 23.9%.」
Shipment volumes handled for Japan continued to decline at the Taiwan and Vietnam subsidiaries, and the Other segment recorded lower revenue and profit. Meanwhile, the recovery trend in inspection, meter-reading and domestic logistics revenue in Myanmar continued. - FY2024-Q2Decline in shipments bound for Japan from Taiwan and VietnamAnnual report
「While revenue from inspection and meter-reading services at the Myanmar subsidiary and domestic logistics revenue were recovering, shipment volumes handled by the Taiwan and Vietnam subsidiaries for Japan declined. As a result, operating revenue was ¥508 million, down 37.2% year on year, and segment profit was ¥66 million, down 18.6%.」
Shipment volumes handled for Japan declined at the Taiwan and Vietnam subsidiaries, and the Other segment recorded lower operating revenue and segment profit than in the same period of the previous year. - FY2024-Q1Decrease in shipments bound for Japan, including from VietnamAnnual report
「While revenue from inspection and meter-reading services at the Myanmar subsidiary and domestic logistics revenue were recovering, shipment volumes handled by the Taiwan and Vietnam subsidiaries for Japan declined,」
For the Vietnam subsidiary, which had reported stable revenue and shipment volumes through the previous period, a decline in shipments handled for Japan was reported. - FY2023RestatedAnnual report
「The Vietnamese subsidiary was able to maintain stable cargo volumes handled and revenue,」
The overseas business, including the Vietnamese subsidiary, continued to maintain stable cargo volumes handled and revenue. - FY2023-Q3RestatedAnnual report
「The Vietnamese subsidiary was able to maintain stable cargo volumes handled and revenue,」
The Vietnamese subsidiary continued to maintain stable cargo volumes handled and revenue. - FY2023-Q2RestatedAnnual report
「The Taiwanese and Vietnamese subsidiaries were able to maintain stable cargo volumes handled and revenue,」
The overseas bases, including the Vietnamese subsidiary, continued to maintain stable cargo volumes handled and revenue. - FY2023-Q1RestatedAnnual report
「The Taiwanese and Vietnamese subsidiaries were able to maintain stable cargo volumes handled and revenue,」
The Taiwanese and Vietnamese subsidiaries continued to maintain stable cargo volumes handled and revenue. - FY2022AdvancedAnnual report
「Revenue at the Myanmar subsidiary declined due to the COVID-19 pandemic, political instability and other factors. Cargo volumes handled and revenue at the Taiwanese subsidiary remained stable, while revenue at the Vietnamese subsidiary recovered sharply after the lockdown was lifted.」
Revenue at the Vietnamese subsidiary recovered sharply after the lockdown was lifted, indicating that the international transportation business in Vietnam had entered a recovery phase. - FY2022-Q3RestatedAnnual report
「Although cargo volumes handled and revenue at the Taiwanese subsidiary remained stable, revenue at the Vietnamese subsidiary declined due to the rapid spread of COVID-19.」
While stable revenue continued at the Taiwanese subsidiary, revenue at the Vietnamese subsidiary continued to decline due to the rapid spread of COVID-19. - FY2022-Q2WorsenedAnnual report
「Although cargo volumes handled and revenue at the Taiwanese subsidiary remained stable, revenue at the Vietnamese subsidiary declined due to the rapid spread of COVID-19.」
Regarding overseas expansion, including the Vietnamese joint venture, the company stated that revenue at the Vietnamese subsidiary declined due to the rapid spread of COVID-19. - FY2022-Q1RestatedAnnual report
「Although the Taiwanese and Vietnamese subsidiaries secured stable revenue, revenue at the Myanmar subsidiary declined due to the impact of the COVID-19 pandemic, political instability and other factors,」
The overseas bases, including the Vietnamese subsidiary, continued to secure stable revenue. - FY2021RestatedAnnual report
「Although there were negative factors, including the start of liquidation of the U.S. subsidiary and lower revenue at the Myanmar subsidiary due to the impact of the pandemic and other factors, stable revenue was secured at the Taiwanese and Vietnamese subsidiaries, resulting in operating revenue of ¥1,184 million, up 5.0% year on year,」
Despite negative factors in Myanmar and the United States, the overseas business continued to secure stable revenue from the Taiwanese and Vietnamese subsidiaries. - FY2021-Q3RestatedAnnual report
「Although there were negative factors, including the start of liquidation of the U.S. subsidiary and lower revenue at the Myanmar subsidiary due to the impact of the COVID-19 pandemic, stable revenue was secured at the Taiwanese and Vietnamese subsidiaries. Operating revenue was ¥949 million, up 13.3% year on year, while segment profit was ¥66 million, down 7.9% year on year, as operating expenses increased.」
While the Taiwanese and Vietnamese subsidiaries secured stable revenue, the start of liquidation of the U.S. subsidiary, lower revenue at the Myanmar subsidiary and higher operating expenses continued to weigh on the overseas business. - FY2021-Q2RestatedAnnual report
「Although there were negative factors, including the start of liquidation of the U.S. subsidiary and lower revenue at the Myanmar subsidiary due to the impact of the COVID-19 pandemic, stable revenue was secured at the Taiwanese and Vietnamese subsidiaries,」
While the U.S. subsidiary's liquidation process had begun and the Myanmar subsidiary's revenue had declined, the overseas business continued to secure stable revenue from the Taiwanese and Vietnamese subsidiaries. - 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.」
Increased cargo volumes handled at overseas bases, including the Vietnamese joint venture, together with revenue from Myanmar, significantly increased operating revenue and profit in the Other segment from the same period of the previous year. - 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.」
Increased cargo volumes handled at overseas bases, including the Vietnamese joint venture, together with revenue from Myanmar, expanded operating revenue and profit in the Other segment. - 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.」
Increased cargo volumes handled at overseas bases, including the Vietnamese joint venture, together with revenue from Myanmar, resulted in operating revenue of ¥276 million and segment profit of ¥24 million 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.」
The newly established overseas bases, including the Vietnamese joint venture, increased cargo volumes handled, allowing the Other segment as a whole to turn from a loss in the same period of the previous year to a profit of ¥21 million. - 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.」
The newly established overseas bases, including the Vietnamese joint venture, increased cargo volumes handled, allowing the Other segment as a whole to turn from a loss in the same period of the previous year to a profit of ¥12 million. - 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.」
The newly established overseas bases, including the Vietnamese joint venture, continued their business activities and increased cargo volumes handled, allowing the Other segment as a whole to turn from a loss in the same period of the previous year to a profit of ¥3 million. - 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 Vietnamese joint venture progressed from the preparation-for-launch and initial operating stages to a stage of conducting business throughout the quarter and gradually increasing cargo volumes handled. - 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 Vietnamese joint venture, remained in the initial stage after starting operations, while continuing to build a foundation for international transportation and future 3PL operations. - FY2018-Q3AdvancedAnnual 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.」
After its establishment and inclusion in the scope of consolidation, the Vietnamese joint venture progressed from the preparation-for-launch stage to the start of operations. - FY2018-Q2RestatedAnnual report
「The Vietnamese joint venture established in April of this year also completed a series of establishment procedures, and we worked to further expand international freight transportation services through cooperation across the group.」
The Vietnamese joint venture remained in the preparation-for-launch stage after completing its establishment procedures, with preparations for international transportation and future 3PL operations continuing. - FY2018-Q1AdvancedAnnual report
「The U.S. subsidiary established in August last year also began operations. In addition, to further expand our international cargo transportation services, we established a local subsidiary in Taiwan in January this year and a joint venture in Vietnam in April.」
The Vietnamese joint venture progressed from planned establishment to actual establishment and inclusion as a consolidated subsidiary, creating a foundation for international freight transportation and future 3PL operations. - FY2017-Q3First statedAnnual report
「Accordingly, we decided to establish a joint venture, judging that incorporating the business as soon as possible would expand our international transportation services and, through cooperation with ITOCHU Logistics Corporation, which has a track record in warehouse and distribution center operations in Japan and overseas in addition to international freight transportation, would lay the groundwork for developing 3PL operations in Vietnam in the future. ④ Capital: VND 11 billion (approximately ¥56 million) ⑥ Date of establishment: July 2017 (planned) ⑦ Ownership: Our company 51%, ITOCHU Logistics Corporation 49%」
The company first stated its plan to expand international transportation services in Vietnam through a joint venture with ITOCHU Logistics Corporation and eventually develop 3PL operations in Vietnam. Establishment was planned for July 2017, with capital of VND 11 billion and ownership of 51% by our company and 49% by ITOCHU Logistics Corporation.