Consolidation of the Myanmar Subsidiary and Its Contribution to Revenue
First written in FY2020-Q1. 7 of 19 entries say "Restated". Latest entry: FY2025.
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- FY2025AdvancedAnnual report
「At the Myanmar subsidiary, transportation-related earnings were secured steadily and orders for inspection and meter-reading services remained firm. In addition, the increase in yen-denominated translation amounts due to the weaker yen provided support, resulting in operating revenue of ¥1,624 million, up 43.7% year on year, and segment profit of ¥209 million, up 18.6% year on year.」
Transportation-related earnings and orders for inspection and meter-reading services at the Myanmar subsidiary remained stable, resulting in substantial revenue and profit growth for the Other segment as a whole. - FY2025-H1RestatedAnnual report
「At the Myanmar subsidiary, transportation-related earnings were secured steadily and orders for inspection and meter-reading services remained firm. In addition, the increase in yen-denominated translation amounts due to the weaker yen provided support, resulting in operating revenue of ¥676 million, up 33.1% year on year, and segment profit of ¥77 million, up 15.5% year on year.」
Transportation-related earnings and orders for inspection and meter-reading services at the Myanmar subsidiary remained stable, and the Other segment reported higher revenue and profit, including the recovery in Taiwan and Vietnam. - 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%.」
While the Myanmar subsidiary’s inspection, meter-reading, and domestic logistics earnings continued to recover after the infectious disease and political instability, lower cargo volumes in Taiwan and Vietnam resulted in lower revenue and profit for the Other segment as a whole. - FY2024-Q2RestatedAnnual report
「While earnings from inspection and meter-reading services at the Myanmar subsidiary and domestic logistics earnings were on a recovery trend,」
The Myanmar subsidiary’s inspection and meter-reading service earnings and domestic logistics earnings continued to recover. - FY2024-Q1RestatedAnnual report
「While earnings from inspection and meter-reading services at the Myanmar subsidiary and domestic logistics earnings were on a recovery trend,」
The recovery trend in inspection and meter-reading service earnings at the Myanmar subsidiary continued after the infectious disease and political instability. - FY2023AdvancedAnnual report
「At the Taiwan subsidiary, the volume of cargo handled for Japan declined due in part to the weaker yen, reducing revenue opportunities. The Vietnam subsidiary continued to secure stable cargo volumes and earnings, while the Myanmar subsidiary was on a recovery trend as the impact of COVID-19, political instability, and other factors eased. In addition, the weaker yen increased the yen-denominated translation amount, resulting in operating revenue of ¥1,542 million, up 17.8% year on year, and segment profit of ¥230 million, compared with segment profit of ¥88 million in the same period of the previous year.」
Although cargo volumes in Taiwan declined, stable earnings in Vietnam, a recovery in Myanmar, and the increase in yen-denominated translation amounts due to the weaker yen resulted in higher revenue and profit in the Other segment. - FY2023-Q3AdvancedAnnual report
「At the Taiwan subsidiary, the volume of cargo handled for Japan declined due in part to the weaker yen, reducing revenue opportunities. The Vietnam subsidiary continued to secure stable cargo volumes and earnings, while the Myanmar subsidiary was on a recovery trend as the impact of COVID-19, political instability, and other factors eased. In addition, the weaker yen increased the yen-denominated translation amount, resulting in operating revenue of ¥1,231 million, up 64.3% year on year, and segment profit of ¥172 million, compared with segment profit of ¥33 million in the same period of the previous year.」
Although cargo volumes in Taiwan declined, stable earnings in Vietnam, a recovery in Myanmar, and the increase in yen-denominated translation amounts due to the weaker yen resulted in a 64.3% increase in operating revenue in the Other segment and segment profit of ¥172 million. - FY2023-Q2RestatedAnnual report
「The Taiwan and Vietnam subsidiaries secured stable cargo volumes and earnings, while the Myanmar subsidiary was on a recovery trend as the impact of COVID-19, political instability, and other factors eased. In addition, the weaker yen increased the yen-denominated translation amount, resulting in operating revenue of ¥809 million, up 70.6% year on year, and segment profit of ¥81 million, compared with segment profit of ¥10 million in the same period of the previous year.」
In addition to stable earnings in Taiwan and Vietnam, a recovery in Myanmar and the increase in yen-denominated translation amounts due to the weaker yen resulted in higher revenue and profit in the Other segment. - FY2023-Q1MitigatedAnnual report
「At the Myanmar subsidiary, earnings were on a recovery trend as the impact of COVID-19, political instability, and other factors eased,」
The company states that earnings at the Myanmar subsidiary were on a recovery trend as the impact of infectious diseases and political instability eased. - FY2022Overseas Other segment returns to revenue and profit growthAnnual report
「Although earnings at the Myanmar subsidiary declined due to COVID-19 and political instability, the Taiwan subsidiary secured stable cargo volumes and earnings, while earnings at the Vietnam subsidiary recovered sharply after lockdown restrictions were lifted. As a result, operating revenue amounted to ¥1,309 million, up 10.5% year on year, and segment profit amounted to ¥88 million, up 13.5%.」
Although earnings in Myanmar continued to decline, stable earnings in Taiwan and a recovery in Vietnam drove operating revenue and profit for the overseas Other segment as a whole above the levels of the same period of the previous year. - FY2022-Q3Revenue and profit continued to decline, but the declines narrowedAnnual report
「At the Myanmar subsidiary, earnings declined due to the impact of COVID-19, political instability, and other factors. In addition, following the liquidation of the US subsidiary, operating revenue was ¥749 million, down 21.1% year on year, and segment profit was ¥33 million, down 49.0% year on year.」
While the Myanmar subsidiary’s earnings decline due to infectious diseases, political instability, and the liquidation of the US subsidiary continued, the declines in operating revenue and segment profit narrowed from the previous quarter. - FY2022-Q2WorsenedAnnual report
「At the Myanmar subsidiary, earnings declined due to the impact of COVID-19, political instability, and other factors. In addition, following the liquidation of the US subsidiary, operating revenue was ¥474 million, down 31.6% year on year, and segment profit was ¥10 million, down 67.1% year on year.」
Earnings at the Myanmar subsidiary continued to decline due to infectious diseases and political instability, and the liquidation of the US subsidiary also contributed to a 31.6% decline in operating revenue and a 67.1% decline in profit in the Other segment. - FY2022-Q1WorsenedAnnual report
「Earnings at the Myanmar subsidiary declined due to the impact of COVID-19, political instability, and other factors,」
Earnings at the Myanmar subsidiary continued to decline due to the impact of infectious diseases and political instability. - FY2021WorsenedAnnual report
「Despite negative factors including the start of liquidation proceedings for the US subsidiary and lower earnings at the Myanmar subsidiary due to the impact of infectious diseases and other factors, stable earnings were secured at the Taiwan and Vietnam subsidiaries,」
The company states that earnings at the Myanmar subsidiary continued to decline due to infectious diseases and other factors, while stable earnings in Taiwan and Vietnam offset the decline. - 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.」
The Myanmar subsidiary’s earnings continued to decline due to the impact of COVID-19 and political instability, while the Other segment as a whole saw higher operating revenue, supported by stable earnings from the Taiwan and Vietnam subsidiaries. - FY2021-Q2WorsenedAnnual report
「Despite negative factors including the start of liquidation proceedings for the US subsidiary and lower earnings at the Myanmar subsidiary due to the impact of COVID-19, stable earnings at the Taiwan and Vietnam subsidiaries resulted in operating revenue of ¥693 million, up 25.1% year on year. Segment profit was ¥31 million, down 23.4% year on year, due to higher operating expenses.」
The Myanmar subsidiary experienced lower earnings due to the impact of COVID-19. Although operating revenue in the Other segment increased, segment profit declined 23.4% year on year. - FY2021-Q1RestatedAnnual report
「Stable earnings were secured at the subsidiaries in Taiwan, Vietnam, and Myanmar, resulting in operating revenue of ¥280 million, up 1.5% year on year. Segment profit was ¥21 million, down 11.0% year on year, due to higher operating expenses.」
The overseas subsidiaries, including Myanmar, continued to contribute to earnings. Operating revenue increased 1.5% year on year, while segment profit declined 11.0% due to operating expenses. - 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.」
The Myanmar subsidiary’s contribution to earnings continued, with the Other segment’s operating revenue increasing to ¥837 million and segment profit to ¥74 million. - FY2020-Q1First statedAnnual 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.」
NISSHIN (MYANMAR) CO., LTD. was added to the scope of consolidation in connection with the share exchange with 日新運輸, and Myanmar contributed to the Other segment’s revenue for the first time.