ASEAN Expansion from a Vietnamese Entity
First written in FY2016. 7 of 15 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-10-02.
4 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「To accelerate the creation of synergies from business expansion led by us and strengthen our financial position for growth, we decided to make FUCHI a consolidated subsidiary by acquiring a 70% voting interest through the capital increase to be carried out by FUCHI.」
For FUCHI, in which we acquired a 30% stake in 2023, we acquired an additional 40% by subscribing to a third-party allotment of new shares on 21 August 2025, increasing our voting-rights ownership to 70% and making FUCHI a consolidated subsidiary. - FY2024AdvancedAnnual report
「Rebuilding the business model for overseas expansion」
We began collaborating with a local partner through our investment in Singapore-based FUCHI Pte. Ltd. While prospects for ODA projects remained uncertain at the Vietnamese subsidiary, profitability improved by placing the design business at the center of operations. Overseas expansion progressed to the stage of collaboration and business-model restructuring. - FY2024-Q3RestatedAnnual report
「During the first quarter of the consolidated fiscal year, we acquired 30% of the issued shares of FUCHI Pte. Ltd. on 1 June 2023, making it an equity-method affiliate.」
The acquisition of a 30% stake in FUCHI and its designation as an equity-method affiliate have been reaffirmed. No new acquisition or expansion of the overseas business is stated. - FY2024-Q1AdvancedAnnual report
「FUCHI operates a heavy temporary-works business based in Singapore and Malaysia. The company has strong technical capabilities, including the highest-grade S1 certification from the Singapore Structural Steel Society, and is involved in numerous underground construction projects, primarily MRT construction. Stable demand centered on public works is expected to continue in Singapore, making it an optimal market for advancing the overseas business expansion required for our group’s medium- to long-term growth strategy. By combining FUCHI’s strong technical capabilities and customer base in the region with our group’s domestic sales network and operating methods, we expect to create synergies for business expansion. Accordingly, we decided to acquire the shares in question with a view to making FUCHI a subsidiary in the future.」
Having moved beyond the stage of considering expansion in Vietnam and ASEAN, we acquired a 30% stake in FUCHI, which operates a heavy temporary-works business in Singapore and Malaysia, on 1 June 2023. We aim to expand the overseas business by combining it with our domestic sales network and operating methods, while also considering making FUCHI a subsidiary in the future. - FY2022AdvancedAnnual report
「During the consolidated fiscal year, we carried out a debt-to-equity swap for loans extended by us to GECOSS VIETNAM CO., LTD., resulting in the company’s capital increasing to USD 1,400 thousand. Our voting-rights ownership increased from the previous 90.00% to 96.43%.」
A debt-to-equity swap was carried out for the Vietnamese subsidiary, increasing the voting-rights ownership ratio from 90.00% to 96.43%. - FY2021ReframedAnnual report
「For the Vietnam business, we aim to shift to a structure capable of generating revenue through partnerships with local partners and business development leveraging GECOSS’s technical capabilities, rather than relying solely on ODA projects, as initially anticipated when entering the market.」
The plan for expansion in Vietnam and ASEAN was restructured from responding to initially anticipated ODA projects to shifting toward a revenue-generating structure through partnerships with local partners and the use of proprietary technology. - FY2020RestatedAnnual report
「We will continue considering the monetization of our heavy temporary-works business in Vietnam, expansion across the ASEAN region, and overseas expansion of our construction machinery business.」
The policy of considering monetization of the Vietnam business, expansion across ASEAN, and overseas expansion of the construction machinery business has been reaffirmed. - FY2019RestatedAnnual report
「We will continue considering the monetization of our heavy temporary-works business in Vietnam, expansion across the ASEAN region, and overseas expansion of our construction machinery business.」
The policy of considering monetization of the Vietnam business, expansion across ASEAN, and overseas expansion of the construction machinery business has been reaffirmed. - FY2018RaisedAnnual report
「We will continue considering the monetization of our heavy temporary-works business in Vietnam, expansion across the ASEAN region, and overseas expansion of our construction machinery business.」
The scope was expanded from the previous focus on establishing a Vietnamese subsidiary and expanding across ASEAN to monetizing the Vietnam business, expanding across ASEAN, and considering overseas expansion of the construction machinery business. - FY2017-Q3RestatedAnnual report
「During the second quarter of the consolidated fiscal year, we newly established the Vietnamese subsidiary GECOSS VIETNAM COMPANY LIMITED on 5 August 2016 and included it in the scope of consolidation.」
The establishment of the Vietnamese subsidiary and its inclusion in the scope of consolidation are described again. No progress on further establishment or expansion is stated. - FY2017-Q2AdvancedAnnual report
「During the second quarter of the consolidated fiscal year, we newly established the Vietnamese subsidiary GECOSS VIETNAM COMPANY LIMITED on 5 August 2016 and included it in the scope of consolidation.」
The planned establishment of the Vietnamese subsidiary was completed, and it became a consolidated entity. Concrete preparations advanced to capture demand in the ASEAN region. - FY2016First statedAnnual report
「We also plan to establish a local subsidiary in Vietnam and will develop our operations to capture future demand not only in Vietnam but also across the ASEAN region.」
Assuming that domestic construction demand will decline over the long term, we are considering overseas expansion focused on the ASEAN region, where growth is expected.