Expansion of Sales Offices in China and Southeast Asia
First written in FY2016. 4 of 9 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「日伝国際貿易（上海）有限公司, NICHIDEN TRADING (Thailand) Co.,Ltd., NICHIDEN (Thailand) Co.,Ltd., NICHIDEN VIET NAM CO.,LTD and NICHIDEN USA Corporation sell power transmission equipment and related products.」
The company is reaffirming its operating structure, including overseas sales bases in China, Thailand, Vietnam and the United States. No new office openings are reported. - FY2021RestatedAnnual report
「The NICHIDEN Group consists of NICHIDEN Corporation, 2 consolidated subsidiaries, 6 unconsolidated subsidiaries and 1 affiliate.」
The company is reaffirming its operating structure, which includes overseas subsidiaries in China, Southeast Asia and the United States, but provides no information on progress such as the opening of new offices. - FY2019-Q3RestatedAnnual report
「During the first quarter of the fiscal year, the company established the local subsidiary ＮＩＣＨＩＤＥＮ ＵＳＡ Ｃｏｒｐｏｒａｔｉｏｎ in Delaware, USA. During the second quarter, it acquired shares in エヌピーエーシステム株式会社 and made it a subsidiary. As the impact on assets, net sales, profit or loss, retained earnings and other items is immaterial and it is not material at present, both are treated as unconsolidated subsidiaries.」
The company is reaffirming the status of its overseas expansion, including the establishment of a local US subsidiary. Both entities are treated as unconsolidated subsidiaries because they are currently immaterial. - FY2019-Q2AdvancedAnnual report
「Overseas, our subsidiary NICHIDEN（Thailand）Co.,Ltd. expanded its operations in Si Racha District, Chonburi Province, in August 2018.」
The Thai subsidiary expanded its operations in Si Racha District, Chonburi Province, in August 2018, strengthening the company’s overseas sales platform. - FY2019-Q1AdvancedAnnual report
「In June 2018, the company established a local subsidiary in Delaware, USA, and began sales activities in Chicago, Illinois. As its impact on assets, net sales, profit or loss, retained earnings and other items is immaterial and it is not material at present, it is treated as an unconsolidated subsidiary.」
In addition to China and Southeast Asia, the company established a local subsidiary in Delaware, USA, in June 2018 and began sales activities in Chicago. It is treated as an unconsolidated subsidiary because its impact is immaterial. - FY2018-Q2ReframedAnnual report
「Regarding overseas operations, the market research activities conducted by the representative office in Indonesia ended in September 2017. Going forward, the Overseas Department’s Overseas Section will take over these activities and continue collecting information on customer demand among Japanese manufacturing companies, while pursuing further overseas business expansion.」
The company ended the market research activities of its representative office in Indonesia and changed its operating structure so that they would be handled by the Overseas Department’s Overseas Section, while continuing to collect information on customer demand and expand its overseas business. - FY2017RestatedAnnual report
「Regarding overseas expansion, our subsidiary NICHIDEN VIET NAM CO.,LTD exhibited at METALEX Vietnam 2016, Vietnam’s largest international exhibition and business-matching event, held in Ho Chi Minh City in October 2016. In November 2016, it opened a representative office in Hai Phong, the largest port city in northern Vietnam and the second-largest industrial city in North Vietnam, and began sales activities.」
The full-year report also reaffirmed the company’s exhibition activities in Vietnam and the opening and commencement of operations of its representative office in Hai Phong. - FY2017-Q3AdvancedAnnual report
「Regarding overseas expansion, our subsidiary NICHIDEN VIET NAM CO.,LTD exhibited at METALEX Vietnam 2016, Vietnam’s largest international exhibition and business-matching event, held in Ho Chi Minh City in October 2016. In November, it opened a representative office in Hai Phong, the largest port city in northern Vietnam and the second-largest industrial city in North Vietnam, and began sales activities.」
In Vietnam, the company exhibited at an international exhibition and business-matching event, opened a representative office in Hai Phong, and began sales activities. - FY2016First statedAnnual report
「To further expand its business in China, our subsidiary 日伝国際貿易（上海）有限公司 sequentially opened 4 new sales offices in China and began sales activities at 9 locations, including its existing offices. In anticipation of business expansion accompanying the expansion of these sales offices, it increased its capital to US$2.5 million. In February 2016, our subsidiary NICHIDEN VIET NAM CO.,LTD opened a branch in Hanoi, a major city in northern Vietnam with a large presence of Japanese companies, and began sales activities.」
The company added 4 sales offices in China, bringing the total to 9, and also increased capital and opened a branch in Hanoi, Vietnam.