Business

Sony Music Video Contents Streaming Across the Globe on Funimation Services

Sony Music Video Contents Streaming Across the Globe on Funimation Services

Being the first content, FLOW Chokaigi 2020 -Anime Shibari Returns- starts streaming on November 13 exclusively on Funimation

 

TOKYO, JAPAN – Media OutReach – 13
November 2020 – Sony Music
Labels Inc.

(Headquarters: Chiyoda-ku, Tokyo, Representative Director: Manabu Tsujino) is excited
to announce that video contents owned by Sony Music will be streamed across the
world through services from Funimation Global Group, LLC (Funimation), an
animation distribution company based in the United States. The first content
will be the FLOW’s special concert FLOW Chokaigi 2020 -Anime Shibari
Returns-
. The concert will air
exclusively beginning at 8 pm CST, November 13, 2020 on Funimation.com by Funimation in
the United States, Canada and the United Kingdom; Wakanim.TV by Wakanim in
France, Russia, Denmark and Scandinavia; and AnimeLab by Madman in Australia
and New Zealand. The concert will also
stream on Funimation in Mexico and Brazil when the service launches later this
year.

Comments from FLOW

Anime Shibari Returns was a live performance that we
definitely want to carry out to appreciate fans around the world who love our
songs through anime works. The concert was held just before the coronavirus
outbreak in February. The staff and voice actors from each anime work
cooperated beyond the boundaries of different works and together we made a
miracle night like no one else had ever made. I am glad that we can share this
experience with people all over the world through Funimation.

For now, we cannot meet you directly, but we’ll
definitely perform live in front of you guys again. Please look forward to that
time and enjoy Anime Shibari Returns! The highlight is from the beginning
to the end, so rock out!

About FLOW

FLOW is a five-piece rock band made of up
KOHSHI (Vocals), KEIGO (Vocals), TAKE (Guitar), GOT’S (Bass), and IWASAKI
(Drums). KOHSHI (Vocals) and his brother, TAKE (Guitar), have been making music
together since 1993. They formed FLOW in 1998 and eventually joined by KEIGO
(Vocals) and GOT’S (BASS) in 1999 and IWASAKI (Drums) in 2000. In 2003, they
had their major debut with the single “Blaster” and ever since, they’ve
unleashed their brand of music with their melodic and powerful double vocals
throughout the world. Their music was an excellent fit for anime so they went
on to do many anime songs such as “GO!!!” as an opening song for the anime
Naruto; “Colors,” an opening song for Code Geass: Lelouch of the Rebellion; and
the opening song for Tales of Zesteria the X, “Kaze no Uta.”


They started performing overseas in 2006 and
have now performed 58 shows in 19 countries all over the world including
countries in Asia, North America, South America, and Europe, proving that their
powerful live performances can cross borders. In 2018, they held a concert tour
entitled 15th Anniversary TOUR 2018 “Anime Shibari” focusing
only on the anime theme songs and anime related songs they have sung and toured
in Japan and 5 countries in Central and South America.
In January 2019, they successfully held their concert at the
Nippon Budokan for the second time after their first performance 10 years ago
and released the album “TRIBALYTHM” in April. They then held
FLOW LIVE TOUR 2019 “TRIBALYTHM” in 7 cities throughout Japan. Moreover, in
the end of September 2019, the opening song for Naruto Shippuden, “Sign,” exceeded
30 million plays on the subscription service Spotify and all of their songs
exceeded a total of 100 million plays.


About Funimation

Funimation
distributes the best anime to a passionate, global community of fans. For over
25 years, Funimation has pioneered an omnichannel approach to engaging and
entertaining millions where they want it most–streaming, home entertainment,
theatrical, e-commerce, merchandising, live events, and more.


Funimation’s
streaming services offer a growing catalog of over 700 anime series and 13,000+
hours of content available on 15 platforms and in 47 countries. Funimation’s
in-house team designs must-have, exclusive collectibles distributed through
major retailers and an e-commerce site; Funimation’s theatrical division is
responsible for six of the top 20 anime films in the U.S. As pioneers of the
SimulDub™, Funimation is the gold standard for foreign language dubbing of
Japanese anime with the highest quality standards and fidelity to the original
artists. With a fan-centric approach, Funimation has built a loyal social
community of over 30 million followers and earned the trust of Japan’s most
iconic creators.


To
learn more about Funimation, visit funimation.com and follow Funimation on
Facebook, Twitter, and Instagram.


Xero Delivers 21% Revenue Growth with 2.45 Million Subscribers

Xero Delivers 21% Revenue Growth with 2.45 Million Subscribers

Small business sector shows resilience in challenging conditions; operational discipline during COVID-19 drives free cash flow of $54 million

 

WELLINGTON, NEW ZEALAND – Media OutReach – 12 November 2020 – Xero Limited (ASX: XRO) today reports half year earnings to 30 September 2020
(H1 FY21) that demonstrate the resilience of its global subscriber base, and
its proactive response supporting customers and partners, in a challenging
COVID-19 environment. While COVID-19 had some impact on Xero’s ability to
acquire new customers during the period, subscribers grew by 19% to reach 2.45
million with all markets making positive progress and Australia becoming Xero’s
first market to pass one million subscribers.


Performance highlights H1 FY21 (All figures are in NZD and comparisons are made
against H1 FY20)

  • Operating
    revenue was up 21% to $409.8 million (19% in constant currency (CC))
  • Annualised
    monthly recurring revenue (AMRR) grew 15% to $877.6 million
  • Total
    subscribers increased by 19% to 2.45 million
  • Total
    subscriber lifetime value (LTV) grew by 15% (in both actual and CC) to $6.2
    billion
  • Free cash flow
    was $54.3 million, compared to $4.8 million
  • EBITDA of $120.8
    million increased 86% from $64.9 million
  • Net profit after tax increased by $33.2 million to
    $34.5 million

Financial highlights

Six months ended 30 September

 2020

 2019

change

Operating
revenue ($000s)

409,837

338,658

21%

Subscribers

2,453,000

2,057,000

19%

Net
subscriber additions

168,000

239,000

-30%

Average
revenue per user ($)

29.81

30.96

-4%

Annualised
monthly recurring revenue ($000s)

877,551

764,096

15%

EBITDA
($000s)

120,765

64,850

86%

Net
profit after tax ($000s)

34,486

1,336

NM*

Free
cash flow ($000s)

54,268

4,829

NM

Total
lifetime value of subscribers ($b)

6.17

5.39

15%

Gross
margin percentage

85.7%

85.2%

0.5pp**

*NM stands for not meaningful

**pp stands for percentage points


Xero’s H1
FY21

Xero prioritised
investing for the long term and addressing customer needs with a record level
of product development spend of almost $140 million in H1 FY21. This was up 29%
compared to the same period last year, and significantly higher than operating
revenue growth of 21%. Xero also continued to focus on execution of its
strategy and M&A opportunities, demonstrated by the acquisition of invoice
lending platform Waddle.

The
strong EBITDA, free cash flow and net profit performance in H1 FY21 reflects
Xero’s disciplined financial management during a highly uncertain period. This
approach contributed to a 10% reduction in 
sales and marketing costs when compared to H1 FY20. Uncertainty from
COVID-19 is likely to remain. However, Xero’s focus on long-term growth, combined
with a return to more normal market conditions, would be expected to drive a
return to positive sales and marketing cost growth.

While
there was some volatility in churn during the period, overall reported Monthly
Recurring Revenue (MRR) churn in H1 FY21 was consistent with H1 FY20 at 1.11%.

CEO
Steve Vamos said: “This result demonstrates the value our customers attribute
to their Xero subscription and the underlying strength of Xero’s business
model. We continue to prioritise investment in customer growth and product
development in line with the long term opportunity we see.”

“Subscriber
growth was positive in all geographies, with stronger net subscriber additions
in Australia and New Zealand with relatively less disruption in those markets
from COVID-19. During a difficult period, it’s pleasing to report we grew to
exceed one million subscribers in both Australia and in our International
segment.”

“We’ve
responded to COVID-19 by delivering new products and services that meet our
customers’ and partners’ changing needs. These include assisting with small
business access to government stimulus and delivering Xero On Air, our first
global digital customer and partner engagement event.”

Market
highlights

Australia subscribers grew by 21% compared to H1 FY20, to
1.01 million subscribers. Revenue was up 18% (17% in CC). The Australian
Taxation Office Single Touch Payroll initiative, and the roll-out of JobKeeper
stimulus payments by the Australian Government, contributed to continued strong
demand for cloud accounting in this market.

 

UK subscribers grew by 19% compared to H1 FY20, to
638,000 subscribers. Revenue was up 33% (29% in CC), a robust outcome in one of
Xero’s more COVID-19 affected markets.

 

New
Zealand
subscribers increased by 13%
compared to H1 FY20, to 414,000, with revenue rising by 13%. An acceleration in
net subscriber additions from 16,000 in H1 FY20 to 22,000 net subscriber
additions in H1 FY21, demonstrated ongoing demand for Xero in its first and most
developed market.

 

North
America
subscribers increased by 17%
to 251,000 compared to H1 FY20 as Xero continued to focus on the partner
channel. Revenue grew 4% (2% in CC). This reflected the bundling of Hubdoc into
Xero Business Edition subscriptions towards the end of FY20, with Hubdoc
subscriptions most concentrated in North America. The absence of
Xerocon-related revenue also contributed to this outcome.

 

Rest of
World
continued momentum in
subscribers, increasing 37% compared to H1 FY20 at 136,000. Revenue was up 38%
(35% in CC). Growth was led by South Africa, and further progress was made in
Singapore.

 

Outlook

Xero is a long-term oriented business with
ambitions for high-growth. We continue to operate with disciplined cost
management and targeted allocation of capital. This allows us to remain agile
so we can continue to innovate, invest in new products and customer growth, and
respond to opportunities and changes in our operating environment.

 

The continued uncertainty created by COVID-19 means
it remains speculative to provide further commentary on our expected FY21
performance at this time.

 

Xero’s
earnings webcast

Xero’s H1 FY21 earnings webcast at 10.30am AEDT on 12
November can be accessed at: https://webcast.openbriefing.com/6654/  

 

Pre-registration for the event is encouraged at the above
link. A replay of the webcast will be available on Xero’s Investor Centre: www.xero.com/about/investors

Authorised
for release to the ASX by the Chair of the Board and the Chair of the Audit and
Risk Management Committee.

About Xero

Xero is a cloud-based accounting software platform for small
businesses with 2.45 million subscribers globally. Through Xero, small business
owners and their advisors have access to real-time financial data any time,
anywhere and on any device. Xero offers an ecosystem of over 800 third-party
apps and 200 plus connections to banks and other financial partners. In 2020,
Xero was included in the Bloomberg Gender-Equality Index and recognised by IDC MarketScape as a
leader in its worldwide SaaS and cloud-enabled small business finance and
accounting applications vendor assessment.

 

About Subscribers

Xero measures subscribers as each unique subscription to a
Xero-offered product that is purchased by a user (eg a small business or
accounting partner) and which is, or is available to be, deployed. Subscribers
that have multiple subscriptions to integrated products on the Xero platform
are counted as a single subscriber.

 

About Constant
Currency

Constant currency comparisons for revenue are based
on average exchange rates for the 6 months ended 30 September 2019. Comparisons
for ARPU, AMRR and lifetime value are based on exchange rates at 30 September
2019. 

About Free Cash
Flow

Free cash flow is defined as cash flows from operating activities less
cash flows used for investing activities excluding cash used for acquisitions
of, and investments into, businesses and strategic assets.

DHL Express invests ~EUR750 million in Asia Pacific on the back of e-commerce growth

DHL Express invests ~EUR750 million in Asia Pacific on the back of e-commerce growth

  • From
    2020 to 2022, DHL Express Asia Pacific is spending close to EUR 690 million on
    infrastructure build across key markets in the region to increase capacity and
    efficiency
  • Approximately
    EUR 60 million has been committed to boost its air network with new aircraft
    and new routes
  • DHL
    Express is ready for historic 2020 peak season with 30-40% increase in shipment
    volume expected

SINGAPORE – Media OutReach – 12 November 2020 – DHL Express, the world’s leading
express service provider, announced today that it is investing circa EUR 690
million between 2020 and 2022 to build or expand its facilities in key growth
markets of Australia, Japan, Hong Kong S.A.R. and South Korea. Equally, it intends
to spend close to EUR 60 million to bolster its Asia Pacific air network such
as introducing direct, new (e.g. Vientiane, Yangon), and frequent (e.g.
Oceania) flight routes.

 

DHL Express expects
shipment volumes in Asia Pacific to be 30-40% larger than last year’s peak
season, which typically starts around November and lasts until Lunar New Year. “These
investments are testament to our continued confidence in the region. They are
crucial not only in the near term as we expect to tackle an unusually strong
peak season, but it will make sure that we are well-positioned in the long run
to keep global trade running as e-commerce and cross-border trade grow,” said
Ken Lee, CEO of DHL Express Asia Pacific.

 

The expanded
infrastructure and new flight routes across Asia Pacific will help the company
tackle the unprecedented growth in shipment volume and address the ever-growing
demand for time-definite express deliveries. Since the start of 2020, DHL
Express has experienced a 50% surge in e-commerce shipments in Asia Pacific
(excluding China).

 

North Asia investments

The Osaka Distribution
Center in Japan scheduled to be
opened by the end of 2020 will be DHL Express’ largest distribution facility in
the country. With an investment of EUR 71.4 million, it will have 21,000 square
meters (sqm) of floor space and is equipped with a state-of-the-art sorting
system and X-ray inspection machines.

 

The company’s Central
Asia Hub (CAH) in Hong Kong S.A.R.,
one of DHL Express’ three global hubs, has a EUR
377 million expansion
underway that will boost warehouse space by 50% to
47,000 sqm and increase the hub’s annual throughput to 125,000 pieces per day.
This means that the hub will be handling six times more in terms of shipment
volume than when it was first opened in 2004.

 

Furthermore, a EUR
131 million planned investment
in a gateway facility in Incheon, Seoul, South Korea will boost shipment
processing capacity by approximately 160%, equipping it to service demand from
some of the region’s most advanced economies. The expansion will almost triple the
facility’s gross floor area to 58,700 sqm, making it DHL Express’ largest
gateway in Asia Pacific.

 

South & Southeast Asia investments

In Bangladesh, DHL Express is investing
~EUR 25 million to build a new facility that will combine its country office
and service center into a 10,000 sqm site. The new facility will bring about an
approximate 35% increase in shipment processing capacity, and is expected to be
opened in Q1 2022. The new Kuala Lumpur Gateway in Malaysia, which is almost triple the size of DHL Express’ current
facility, will increase the company’s processing capacity by more than 200%.
The EUR 39.4 million facility will be situated at the Kuala Lumpur
International Airport and is scheduled to be completed by 2022. At the same time,
construction of a new gateway facility in Bangalore, India is underway, slated
to be ready by 2021.

 

Utilizing a brand new
Boeing 777-200LRF with a capacity of up to 102 tons, DHL Express now flies four
times a week from its US hub in Cincinnati and the Los Angeles gateway to the
DHL Express South Asia Hub in Singapore, via Sydney. The dedicated route
shortens transit time for shipments to and from the US, and allows DHL to
operate with greater efficiency while meeting the mounting demand for express
deliveries.

 

Oceania investments

Many SMEs in Australia
and New Zealand, which have traditionally relied on economy services, are
increasingly switching to express delivery services. This trend has led to a
more than 40% increase in DHL Express Australia’s inbound and outbound volumes
since May 2020. DHL Express has significantly increased its number of dedicated
flights to and from Australia to around 30 regular services per week, compared
to 10 before the Covid-19 pandemic hit. This includes a new flight that
connects Melbourne, Auckland and Christchurch, as well as a new 4x-a-week
flight between Hong Kong S.A.R. and Sydney.

 

In September, the
company launched its EUR31 million Sydney Service Center, which is
double the size of the previous facility and is equipped with an automated
high-speed sorting system that processes up to 4,300 shipments per hour. By end
2021, DHL Express will kick start operations at the expanded Brisbane Gateway
and Service Center, in which the company will spend EUR 13.2 million to
increase floor space by 148% and double its processing capacity. New and
expanded facilities are also being planned for Melbourne and Adelaide in the
near future. 

 

“The pandemic has
caused unparalleled changes to the air cargo industry and it will likely take a
long time for the industry to recover to pre-pandemic levels. But having a
dedicated fleet and well-implemented contingency plans have helped to keep our
network fully operational despite the overnight disappearance of commercial air
belly cargo space. The growth in e-commerce shipment volumes will continue to
outpace the available air cargo capacity in the industry, strengthening the
case to invest in adding new dedicated aircraft to our fleet, open up new
routes, and supplement our fleet with charter flights,” said Sean Wall,
Executive Vice President, Network Operations & Aviation, DHL Express Asia
Pacific.

 

DHL Express currently
has 23 dedicated aircraft in its Asia Pacific fleet, and operate approximately 1,040
flights per day. The company will be adding a new Airbus A330-300P2F to its
Asia Pacific fleet in February 2021, as well as a new Boeing 737-800F in March
2021. Globally, the company has increased the number of its daily flights
significantly. This includes four new Boeing 777F wide-body aircraft that were
put into service just this year, with two more expected to be delivered next
month. These six additional aircraft will enable DHL Express to carry out more
than 3,000 additional intercontinental flights per year.

 

DHL – The logistics company for the world

DHL is the
leading global brand in the logistics industry. Our DHL divisions offer an
unrivalled portfolio of logistics services ranging from national and
international parcel delivery, e-commerce shipping and fulfillment solutions,
international express, road, air and ocean transport to industrial supply chain
management. With about 380,000 employees in more than 220 countries and
territories worldwide, DHL connects people and businesses securely and
reliably, enabling global sustainable trade flows. With specialized solutions
for growth markets and industries including technology, life sciences and
healthcare, engineering, manufacturing & energy, auto-mobility and retail,
DHL is decisively positioned as “The logistics company for the world”.

 

DHL is part of Deutsche Post DHL
Group. The Group generated revenues of more than 63 billion euros in 2019. With
sustainable business practices and a commitment to society and the environment,
the Group makes a positive contribution to the world. Deutsche Post DHL Group aims
to achieve zero-emissions logistics by 2050.

ESR to become a constituent of MSCI Hong Kong Index

ESR to become a constituent of MSCI Hong Kong Index

HONG KONG SAR – Media OutReach – 11 November 2020 – ESR Cayman Limited (“ESR” or the “Company”, together with its subsidiaries as the “Group”; SEHK Stock Code: 1821), the largest APAC focused logistics real estate platform, today announced that the Company will be included as a constituent of MSCI Hong Kong Index, effective after the market close on 30 November 2020.

Jeffrey Shen and Stuart Gibson, Co-founders and Co-CEOs of ESR, stated, “We are delighted to be chosen as one of the constituents of MSCI Hong Kong Index, demonstrating the long-term investment value of ESR. The inclusion is also a testament to ESR’s consistent engagement with a wide base of international investors and recognition of our robust underlying business fundamentals with an asset-light approach.”

 

MSCI Indexes, which serve as benchmarks of global equity markets, cover companies with outstanding operational results and solid potential. The selected stocks are based on a range of criteria including market capitalisation, liquidity and free float. 

The announcement of MSCI inclusion came on the heels of ESR’s first anniversary of listing on the Main Board of the Stock Exchange of Hong Kong. The Group has continued to deliver strong performance ever since, achieving record leasing, fund raising and development completions in the first half of 2020. As of 30 June 2020, ESR’s AUM stands at US$26.5 billion, which grew 31% year-on-year on the back of strong fund raising across its China, Australia and South Korea platforms. ESR’s balance sheet remained strong with approximately US$1 billion of cash and low gearing of 28.6%, as of 30 June 2020.

 

Johnson Electric Reports Results for The Half Year Ended 30 September 2020

Johnson Electric Reports Results for The Half Year Ended 30 September 2020

Highlights of FY20/21 Half-Year Results

 

  • Group sales US$1,330 million — down 15% compared to first half of the prior financial year
  • Gross profit US$300 million or 22.5% of sales (compared to US$357 million or 22.8% of sales in prior half year)
  • Underlying EBITA margins, adjusted to exclude the impact of significant non-cash and divested items, increased to 10.2% from 9.9% in prior half year
  • Net profit attributable to shareholders decreased by 38% to US$101 million or 11.27 US cents per share on a fully diluted basis
  • Underlying net profit, excluding the net impact of significant non-cash and divested items, decreased by 7% to US$98 million
  • Free cash flow from operations US$68 million (compared to US$90 million in prior half year)
  • Total debt to capital ratio of 17% and cash reserves of US$469 million as of 30 September 2020
  • Interim dividend 17 HK cents per share (2.18 US cents per share) with a scrip dividend alternative

 

HONG KONG SAR – Media OutReach – 11 November 2020 – Johnson Electric Holdings Limited (“Johnson Electric”), a global leader in electric motors and motion subsystems, today announced its results for the six months ended 30 September 2020.

 

Total Group sales for the first half of FY20/21 totalled US$1,330 million, a decrease of 15% compared to the first half of the prior financial year. Net profit attributable to shareholders decreased by 38% to US$101 million or 11.27 US cents per share on a fully diluted basis. Underlying net profit, after adjusting for the effects of a number of significant non-cash and divested items, decreased by 7% to US$98 million.

 

Sales declined significantly in April and May due to the impact of the COVID-19 pandemic, particularly on the automotive industry in Europe and the Americas. During the month of June, the Group began to experience a marked recovery in demand and this positive trend continued throughout the second fiscal quarter. By the month of September, average weekly sales and profitability levels in most parts of our business had returned to levels of a year earlier — and in several areas exceeded them.

 

Automotive Products Group

 

The Automotive Products Group (“APG”), which accounted for 75% of total Group sales, reported a 19% decrease in sales on a constant currency basis compared to the first half of the prior year. Global light vehicle industry production volumes fell by approximately 24% over the same period.

 

This overall decline in automotive industry activity reflected the progression of the COVID-19 pandemic across different geographic regions over the course of 2020, the impact of various government containment actions on production, and the consequent effects on consumer confidence and end-market vehicle sales.

 

OEM assembly plants in Europe and North America were largely shut down in the period from late March to May. Since then, production has resumed and by September, output for the month in both these regions exceeded the prior year. Nonetheless, total light vehicle production for six months to September in Europe and North America was down 36% and 35%, respectively. Over the same period, APG’s sales in constant currency to Europe and the Americas region were down by 33% and 26%, respectively.

 

The COVID-19 outbreak hit China first and government-imposed containment measures were concentrated during the period from late January to early March 2020. The country has since witnessed a quicker and, so far, more sustained return to economic and social normality than any other major economy. This was reflected in China’s passenger car production volumes for the six months to September, which were approximately 11% higher than the same period in 2019.

 

Elsewhere in Asia, however, the pandemic caused automotive industry production to decline sharply.  The output of the export-oriented car industries of Japan and Korea fell by 30% and 13%, respectively.  Emerging Asian car markets such as India, Thailand and Indonesia were hit even harder and experienced falls in vehicle output by as much as 50%. As a result, despite the recovery in China, total light vehicle production in Asia for the six months to September was down by almost 11%. Over the same period, APG’s sales in Asia were flat in constant currency terms — reflecting both China’s higher weighting in the Group’s sales mix and APG’s innovative product line that is closely aligned to the industry’s key growth drivers of emissions reduction, fuel economy and electrification.

 

Industry Products Group

 

The Industry Products Group (“IPG”), which accounted for 25% of total Group sales, reported a 2% increase in sales on a constant currency basis compared to the first half of the prior year. While the contraction in the global economy has resulted in a decline in demand from several of the wide range of market segments that IPG serves, others have prospered due to changing consumer behaviour and purchasing preferences in specific product applications.

 

For example, sales in applications such as aerospace subsystems, vending machines, professional power tools and commercial printers have all suffered as a direct result of the reduced activity in those end-markets caused by social distancing and COVID-19 containment measures. In contrast, IPG has benefitted from a surge in the consumption of more “home-centric” consumer and industrial goods.  Product applications experiencing a strong increase in sales for Johnson Electric’s precision motors, motion subsystems, switches and solenoids include coffee machines, lawn and garden products, kitchen appliances, floor care equipment, inkjet printers, medical devices and healthcare products.

 

Profitability

 

Gross profit decreased by 16% to US$300 million — which as a percentage of sales represented a slight decline from 22.8% to 22.5%. Notwithstanding the significantly reduced sales volumes of APG in the first half, the impact on the Group’s gross margin was kept to a minimum by management’s actions to reduce operating costs and to the effects of many governments subsidizing the cost of employees who were furloughed during temporary plant shut downs.

 

Group operating profits were US$122 million compared to US$192 million in the first half of the prior financial year. The reduction in reported operating income and in net profit attributable to shareholders was primarily due to the lower sales volumes and a substantial decrease in the net contribution from Other Income and Expenses. In particular, the prior year period included a US$41 million fair value gain related to the divestment of an investment property.

 

Excluding the significant non-cash items and property divestment, the net profit margin attributable to shareholders for the first half increased to 7.4% compared to 6.8% in the first half year of the prior financial year.

 

Interim Dividend

 

At the time of the prior year’s annual results announcement in May 2020, when large parts of the Group’s operations were still severely disrupted by the COVID-19 outbreak, the Board determined that it would be prudent to suspend the final dividend payment for the 2019/20 financial year. Six months on, the Group’s global manufacturing operations and commercial conditions are more stable.

 

The Board will continue to monitor developments in the months ahead, but in keeping with the encouraging recovery of the business over the course of the first half of the 2020/21 financial year, it has determined that a resumption of dividend payments to shareholders is appropriate. Accordingly, the Board has today declared an interim dividend of 17 HK cents per share, equivalent to 2.18 US cents per share (2019 interim: 17 HK cents per share). The interim dividend will be payable in cash with a scrip alternative where a 4% discount on the subscription price will be offered to shareholders who elect to subscribe for shares. Full details of the scrip dividend alternative will be set out in a circular to shareholders.

 

The interim dividend will be payable on 12 January 2021 to shareholders registered on 2 December 2020.

 

Chairman’s Comments on the Half-Year Results and Outlook

 

Commenting on the results, Dr. Patrick Wang, Chairman and Chief Executive, said, “Johnson Electric delivered satisfactory results in the six-month period ended 30 September 2020 in the context of an unprecedented global pandemic that has had a profound impact on the economies where we operate.”

 

“The resumption of an interim dividend is an acknowledgement of the Group’s improved financial status and near-term business outlook compared to how things stood in the early months of the COVID-19 pandemic. It is also a testament to the extraordinary efforts undertaken by everyone working at Johnson Electric over the past six months. Their actions and, for many, personal financial sacrifices, have helped the company navigate successfully through a period of exceptional uncertainty and operational stress.” 

 

“However, regrettably, there is no sign of plain sailing in the months ahead — for us as a business or for any other global manufacturing enterprise. Two factors, in particular, continue to have the potential to disrupt the prospects for the global economy returning to anything like a normalized pattern of cyclical growth.”

 

“Firstly, as noted earlier, the COVID-19 pandemic is far from being behind us. In the short term, it is unclear whether the resurgence of cases in many countries will lead to a re-imposition of social and economic lockdowns that could disrupt our business and operations. Until vaccines or effective treatments for the virus are found, it is also impossible to gauge the longer-term impact that the pandemic could have on unemployment, commerce, consumer confidence and economic prosperity more broadly.”

 

“Secondly, the geopolitical landscape remains highly unpredictable. There is no indication that the trade barriers put in place between the United States and China over the past four years will be lowered any time soon.”

 

“Johnson Electric is an international company whose purpose centres on improving the quality of life of everyone we touch through our innovative motion systems. This is the primary reason why we exist as a business and our strategies are directed towards meeting this goal whatever the nature of the operating environment and macro conditions.”

 

“In this respect, I remain confident that our company is positioned among the very best in our industry to continue grow and prosper over time.”

 

Dr. Wang further commented, “Our products and technology innovations are aligned with several of the major demand imperatives of our age: reducing emissions; enhancing energy efficiency; and improving safety and healthcare. Our operating model emphasizes high-speed automation, responsiveness and increasing levels of digitalization. Our customer base and manufacturing footprint is well balanced across Asia, Europe and the Americas. Last, but not least, our company is blessed with a diverse and uniquely talented team of employees working together across four continents.”

 

“Based on these significant attributes, I believe shareholders have reason to be optimistic that Johnson Electric has a robust business model that will continue to adapt and generate sustainable cash flows long into the future.”

About Johnson Electric Group

The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 35,000 individuals in more than 23 countries worldwide.  Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: www.johnsonelectric.com.

 

Forward Looking Statements

This news release contains certain forward looking statements with respect to the financial condition, results of operations and business of Johnson Electric and certain plans and objectives of the management of Johnson Electric.

 

Words such as “outlook”, “expects”, “anticipates”, “intends”, “plans”, “believe”, “estimates”, “projects”, variations of such words and similar expressions are intended to identify such forward-looking statements.  Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results or performance of Johnson Electric to be materially different from any future results or performance expressed or implied by such forward looking statements.  Such forward looking statements are based on numerous assumptions regarding Johnson Electric’s present and future business strategies and the political and economic environment in which Johnson Electric will operate in the future.

Porsche Design and AOC unveil the Porsche Design AOC AGON PD27

Porsche Design and AOC unveil the Porsche Design AOC AGON PD27

A gaming experience designed to stand any challenge

 

HONG KONG SAR – Media OutReach – 11 November
2020 – The exclusive
lifestyle brand Porsche Design and AOC, the leader
in the gaming monitor market, have come together to introduce the first ever
Porsche Design AOC AGON gaming monitor. The 27″ (68.58 cm) PD27 provides an
experience similar to driving a race car: high octane specifications (27″ QHD
panel, 240 Hz refresh rate, 0.5 ms MPRT), a sleek, eye-catching,
racing-influenced design and a wide range of functionalities to be utilized both
on a daily basis and during long gaming sessions. Even before the official
launch, the impressive design of this new monitor was honoured with the Red Dot
Award 2020.

Performance with no compromise
on style

Competitive
gaming is both accessible and inviting, but the competition itself is fierce. Beginners
and pros alike can agree on one key factor, high performance PC equipment is
the key to success. Just like a race car driver who anticipates and calculates
how to enter the apex of a curve on the track, e-sports players must react quickly
and make decisions in milliseconds. The performance of each piece of equipment is
of the utmost importance, and can easily dictate the outcome of a competition.
That is why Porsche Design tapped into its motorsports DNA and teamed up with
AOC to create a high-performance monitor — specifically for those gamers who are
in it to win it.

“With
its linear and purist design that blends form and function, the Porsche Design
AOC AGON PD27 is a perfect embodiment of the brand’s DNA and overarching design
philosophy. Combined with AOC AGON’s innovative and cutting-edge technologies,
the new monitor is developed for gamers seeking optimal performance that
doesn’t compromise on style,” says Roland Heiler, Chief Design Officer at
Porsche Design.

“We’re
proud and elated to announce the first result of our new partnership with
Porsche Design: the Porsche Design AOC AGON PD27 monitor. AOC’s proven
expertise in display technologies is a great match with Porsche Design’s
exceptional approach to design. Gamers around the world will be thrilled to
experience this great product both in design and outstanding gaming
performance,” says Stefan Sommer, Director Marketing and Business Management at AOC Europe.

The
monitor’s design is accented by the silver-coloured stand element, shaped like
the roll cage of a race car. Just as it does in an actual sports car, it
provides the user the stability, durability and endurance when adrenaline kicks
in. Staying true to Porsche Design’s design philosophy to elegantly blend style
and performance, the PD27 can project its logos on the table in different
colours, and light up the back of the display to elevate the gaming
environment.

Shifting to the next gear

The
PD27 is developed for the most ambitious competitive gamers and professional
e-sports enthusiasts around the world. It displays images in QHD resolution
(2560×1440) and produces a 240 Hz refresh rate, a perfect combination for
demanding players. The PD27 is also certified with VESA’s DisplayHDR 400, providing
vivid, lifelike colours and a wide dynamic range that allows users to immerse
themselves in the simulated world. Additionally, a very tight curvature of
1000R (1 m radius) surrounds and encapsulates the user, a particularly great
feature for the sim-racing community.

The
240 Hz refresh rate reduces the perceivable motion blur, while the 1 ms GtG and
0.5 ms MPRT pixel response times guarantee a clear, ghosting-free gaming
experience. With AMD’s FreeSync Premium Pro users experience smooth gameplay,
free of tearing. The VA panel’s high brightness of 550 nits ensures undisturbed
gameplay at any lighting conditions.

Driving gamer’s success

The
PD27 comes with a wireless (IR) keypad, shaped like a centre console, to
quickly access monitor settings or gaming presets. Users
longing for the roar of the flat six-boxer engines in racing games will appreciate
the 5W stereo speakers with DTS sound. For everyday functionality, the
monitor also comes with a 4-port USB 3.2 hub, 2x HDMI 2.0 and 2x DisplayPort
1.4 inputs.

The
Porsche Design AOC AGON PD27 will be
available mid of November 2020 in select Porsche Design stores, specialist retailers
and online at www.porsche-design.com
and selected
retail online shops with
an RRP of EUR 799.

Please
find below the downlink of product images:

https://creativegpcom-my.sharepoint.com/:f:/g/personal/chun_chan_creativegp_com/EvN2KsGJzilBn_VpAP5fvOkBWBDIix7av3lTwLt6fFmrnw?e=T665Yn

About Porsche Design:

In 1963,
Professor Ferdinand Alexander Porsche created one of the most iconic design
objects in contemporary history: the Porsche 911. Following his vision to take
the principles and myth of Porsche beyond the automotive world, he created the
exclusive lifestyle brand Porsche Design in 1972.  His philosophy and
design language can still be seen in all Porsche Design products
today. Every Porsche Design product stands for extraordinary precision and
perfection, boasts a high level of technological innovation and seamlessly
combines intelligent functionality and puristic design.  Created by Studio
F. A. Porsche in Austria, our products are sold worldwide in over 130 Porsche
Design stores, high-end department stores, exclusive specialist retailers and
the official online store (www.porsche-design.com).

For more information please visit www.porsche-design.com


For regular updates on Porsche Design, follow:

Facebook: www.facebook.com/PorscheDesign

Instagram: www.instagram.com/PorscheDesign

Twitter: www.twitter.com/PorscheDesign

About AOC:

AOC is one of the global top brands in the display
market. High quality, first-rate service, attractive designs as well as
environmentally friendly, ergonomic and innovative products at competitive
prices are the reasons why more and more consumers, corporate decision-makers
and distribution partners trust in AOC. AOC offers displays which cater to
every type of user, be it for professional, home, entertainment or gaming use.
AOC is a subsidiary of TPV Technology Limited, the world’s largest LCD monitor manufacturer.

 

For more information please
visit www.aoc.com.

 

For regular updates on AOC, follow:

Facebook: www.facebook.com/aocgaming

Instagram: www.instagram.com/aocgaming

Twitter: www.twitter.com/aoc_gaming

Per Customer Demand, Trend Micro Launches Hassle-Free, Cloud-Ready Network Security

Per Customer Demand, Trend Micro Launches Hassle-Free, Cloud-Ready Network Security

Latest addition to Cloud One platform is ideal for those migrating their servers to the cloud

 

HONG KONG SAR – Media OutReach – 11 November
2020 – Trend Micro
Incorporated
(TYO: 4704; TSE: 4704),
the leader in cloud security, today announced global availability of its
cloud-native network security solution, Trend Micro Cloud One — Network
Security. As the latest addition to its holistic cloud security platform, it
delivers simple, comprehensive protection of virtual private clouds at scale to
support compliance requirements, with zero disruption to applications or
traffic.

 

Many organizations taking their first steps in the cloud
need effective network security for business, governance and compliance reasons,
yet they are poorly served by existing solutions. These may be hard to deploy,
feature slow inspection speeds and are often riddled with inefficiencies:
perhaps requiring multiple appliances, load balancers and instances to inspect
ingress and egress traffic.

 

Trend Micro Cloud One — Network Security is tailor-made
for these environments, backed by Trend Micro’s years of experience in cloud
security for its global Microsoft Azure, Google Cloud and AWS
customers and expertise in network security with TippingPoint.

 

According to Gartner, “Enterprises will
migrate to a new model where they will consolidate multiple cloud network
security services with one vendor to reduce complexity.”[1] This
continues to be true as organizations move into hybrid cloud models with varied
security needs. With Trend Micro Cloud One, this consolidation can be
easily achieved – it provides a simplified approach to hybrid cloud security
with visibility by delivering multiple security tools in a single platform for
visibility across an organization’s cloud infrastructure.

 

“We know that many network security solutions aren’t
designed for the cloud: they’re painful or impossible to deploy, disrupt key
business processes and may leave organizations exposed to threats,” said Wendy
Moore, vice president of product marketing for Trend Micro.
“Users can deploy our cloud-based network security in minutes for simplified
protection to securely deliver business outcomes and meet compliance
requirements.”

 

Trend Micro Cloud One — Network Security offers:

  • Comprehensive
    cloud protection at the network layer to support compliance, including virtual
    patching, IPS capabilities and egress
    network filtering–backed by threat intelligence from Trend Micro’s Zero Day initiative
  • Identify threats at runtime to protect a diverse set
    of services (from EC2 to Lambda) and inspection of any network traffic
    traversing Internet Gateways, Transit Gateways or Virtual Private Gateways
  • Simple,
    transparent deployment within minutes, without the need for additional
    infrastructure and with zero IT/business disruption
  • Flexibility
    in payment options–pay only for what is used in dynamic environments, or
    purchase with annual license-based pricing for a more static architecture
  • Holistic,
    centralized cloud protection from a single console to simplify management of
    overall cloud security posture

To find out more about Trend Micro Cloud One — Network
Security please visit: https://www.trendmicro.com/en_us/business/products/hybrid-cloud/cloud-one-network-security.html

 


[1] Gartner, Top Security and Risk Management
Trends, February 27, 2020

About Trend Micro

Trend Micro, a global leader in cybersecurity,
helps make the world safe for exchanging digital information. Leveraging over
30 years of security expertise, global threat research, and continuous
innovation, Trend Micro enables resilience for businesses, governments, and
consumers with connected solutions across cloud workloads, endpoints, email,
IIoT, and networks. Our XGen™ security strategy powers our solutions with a
cross-generational blend of threat-defense techniques that are optimized for
key environments and leverage shared threat intelligence for better, faster
protection. With over 6,700 employees in 65 countries, and the world’s most
advanced global threat research and intelligence, Trend Micro enables
organizations to secure their connected world www.trendmicro.com.hk.

Tatler has officially unveiled the 5th edition of the Gen.T List, its Annual Index of the 400 Leaders of Tomorrow in Asia, who are driving innovation, creating change and inspiring hope

Tatler has officially unveiled the 5th edition of the Gen.T List, its Annual Index of the 400 Leaders of Tomorrow in Asia, who are driving innovation, creating change and inspiring hope

HONG
KONG SAR – Media OutReach – 11 November 2020 – Luxury media group Tatler has officially revealed the full 5th
edition of the annual Gen.T List, sponsored by Credit Suisse. The list has
become a definitive reference of leaders of tomorrow – the most promising
millennial entrepreneurs who are redefining the landscape of Asian culture and
business. Previous honourees have included tech entrepreneur Eric Gnock Fah and
actor Henry Golding and many others, before they became a zeitgeist of Asian
success on a global stage.

 

“There has never been a time when we’ve
been in greater need of disruptive people, ideas and businesses–to innovate, to
create jobs and, most importantly, to give hope,” says Tamara Lamunière, Head
of Generation T Asia.

 

In the last five years, Gen.T has created a
community through events and amplified the influence of its members through the
Tatler Asia Group’s media platforms, in the process building an Asia-wide
community of the regions’ most promising 25-40 year old entrepreneurs. Gen.T is
present in eight markets across Asia, including Hong Kong, China, Taiwan,
Singapore, Malaysia, Thailand, Indonesia and the Philippines.

 

“Gen. T represents a unique community of
like-minded young leaders, and it facilitates constructive interactions between
individuals who share the same aspirations towards shaping the future to be a
better place and bringing positive change to society,” says Francois Monnet,
Head of Private Banking for North Asia and Chief Executive Hong Kong Branch,
Credit Suisse. “As the Bank for Entrepreneurs in Asia Pacific, Credit Suisse is
supportive of such young talents, as we believe we share similar values with
these young generation of new leaders who are passionate about bringing
innovative ways to drive sustainability and positive engagement across all
fields ranging social, economic and cultural sectors.”

 

Among those included in the Gen.T List 2020
are:

 

  • Jaeson
    Ma, CEO, East West Ventures
  • Sharon
    Kobler, Executive Director and Senior Vice President, Goodbaby Group
  • Cindy
    Mi, Founder and CEO, VIPKid
  • Harry
    Wang, Founder and CEO, Linear Capital
  • Lim
    Wai Mun, Founder, Chairman & CEO, Doctor Anywhere
  • Poonyatorn
    Suthipongchai, Managing Partner, Creative Ventures
  • Choong
    Fui-Yu, Co-founder & CEO, Kaodim
  • Zhang
    Li, CEO, JD.ID
  • Supachai
    Parchirayanon, Co-founder & CEO, Rise
  • Kuldeep
    Singh Rajput, Founder & CEO, Biofourmis

Some facts and figures about the Gen.T List
2020:

 

  • Over 1,000 candidates
    from across Asia were considered for the list
  • There
    are 400 people on the Gen.T List 2020. The largest number, 102, come
    from Mainland China, with 55 each from Indonesia and Singapore
  • The first year of the
    launch of the public nominations form
  • Over 65 prominent
    judges, including Guo Pei (celebrity fashion designer), Senator Miguel Zubiri
    (Philippine senate majority leader), Adrian Cheng (CEO and Executive Vice
    Chairman of New World Development), André Chiang (celebrity chef)
  • The Gen.T List 2020 was
    unveiled at live events in Malaysia (1 October), Taipei (7 October) and
    Shanghai (9 October). For the rest of Asia, a virtual awards ceremony took place
    on the 15 October, exclusively for Gen.T honourees and partners
  • The
    average age of this year’s honourees is 31.5. Only people under 40 are
    eligible for inclusion
  • 40% of
    honourees are women. Mainland China is the region with the highest proportion
    of women, at 45 percent
  • 70 million
    is the combined number of Instagram and Weibo followers the 2020 honourees have
    between them
  • 284 of this
    year’s honourees, or 71 percent, own their companies
  • There
    are 5 unicorns–a company valued at more than US$1 billion–run by people
    on the list
  • The
    amount of funding companies founded by this year’s honourees attracted between
    January 2019 and June 2020 is US$1.6 billion – the window of time assessed
    when looking at a candidate’s credentials
  • A
    little over 1% of the list is a repeat from the previous year, meaning
    there 395 new people on the 2020 list
  • There
    are 46 honourees in this year’s most popular category, Technology. The
    next most popular are Finance & Venture Capital (33), The Arts (32) and
    Sustainability (30)

For more information, visit generationt.asia

About Tatler

Generation T is one of the initiatives in
support of Tatler’s evolution. Since early 2020, Tatler, an Asian legacy brand
since 1978, has been transforming from a traditional society magazine to a
global media brand that focuses on power and influence in Asia with greater
meaning and purpose, and on individuals from a greater cross-section of
communities, industries and walks of life.

 

Tatler has taken steps toward greater
involvement in social issues like equality and sustainability and areas like
entrepreneurship and philanthropy through our new lists, magazine themes,
online content, and events such as Front & Female,
its platform for female empowerment and more recently, LGBTQ-themed content and
activations. Tatler has also launched innovative products and experiences to
support local businesses, such as Tatler
House
, reimagined events spaces, and United
We Dine
, a campaign to support the F&B industry. In tandem, it has also
evolved in brand name, logo, content and design to be more modern &
relevant; invested in significant hires; and is continually upgrading its
digital infrastructure.

 

These initiatives are in support of
Tatler’s mission promote and develop Asian identity, culture, society and
business; to support local communities and individuals; and to play a key role
in defining the future of the media industry.

 

About Tatler Asia Group


The Tatler Asia Group is the region’s
leading luxury media company, producing some of the most iconic magazines,
websites and experiences. Its flagship title, Tatler, established in 1978, now
has editions in eight markets across Asia and is the most trusted brand to
connect with influential consumers across the region. Tatler’s sub-brands
include Tatler Dining, Tatler Homes, Generation T, Tatler House, Off Menu
and more. Headquartered in Hong Kong, the Tatler Asia Group operates in China,
Taiwan, Singapore, Malaysia and the Philippines, Thailand and Indonesia. It is
fully owned by Switzerland’s Edipresse Group and the Lamunière
family.  

 

For more information, visit https://tatlerasiagroup.com/

China’s Giant Food Group Selects Infor to Spur Innovation and Support Rapid Growth

China’s Giant Food Group Selects Infor to Spur Innovation and Support Rapid Growth

Foods manufacturer leverages Infor CloudSuite Food & Beverage to support growth mantra of “a thousand stores in a thousand cities”

 

BEIJING, CHINA – Media OutReach – 11 November 2020 – Infor, a global leader in business cloud software specialized by industry, today announced that household name Chinese food group Jiangxi Huangshanghuang Group Food Co., Ltd. (HSH), a leading poultry processor and foods manufacturer in China, has selected Infor CloudSuite Food & Beverage (F&B) to support its digital transformation roadmap, spur innovation and unify production standards as it gears up for continued growth and expansion.

 

HSH’s business spans the breeding and processing of duck meat, deep processing of meat products, joint sales and R&D.   Today, HSH boasts of 4,500 locations throughout China, and continues to grow its footprint in the domestic market.

 

Learn more about Infor CloudSuite Food & Beverage: https://www.infor.com/products/cloudsuite-food-and-beverage

 

Growing pains to be resolved with the help of Infor

 

With rapid expansion, HSH has been faced with the need to quickly respond to market demands and changes, optimize personnel organization and business processes, strengthen supply chain coordination and enhance cost control to reduce operating costs, while boosting corporate efficiency.

 

In light of this, HSH went in search of a comprehensive digital transformation solution, and chose Infor CloudSuite F&B to help streamline its operations and support rapid footprint expansion.

 

Infor’s powerful ERP solutions will empower HSH to:

  • Establish a unified, integrated platform across the group’s financial operations, supply chain, production logistics and other systems.
  • Create a standardized management system and processes to optimize organization and boost productivity.
  • Overhaul its supply chain to reformulate the planning system connecting production, supply and marketing, thus supporting business transformation.

 

Why Infor?

 

HSH chose Infor as its strategic partner because Infor CloudSuite F&B offered deep industry functionality and is perfectly suited to scale with the complexities of its ever-changing business.

 

Other than Infor M3, the Infor solution also includes Infor OS, Infor Factory Track, Infor XM and Infor Dynamic Enterprise Performance Management (d/EPM). These solutions will grant HSH greater control over its business, allowing it to centralize management and harness the synergistic potential between once poorly-connected operational areas.

 

Another key reason for HSH selecting Infor as its partner and ERP solutions provider is the ease of implementation of the solution, and the thorough partnership Infor offers its enterprise clients. What helps set Infor apart is that it is able to provide industry-focused solutions for last-mile functionality, as well as strategic support from start to finish. To this end, Infor has helped HSH set up an exclusive service channel.

 

“The Chinese food and beverage market is unique in its immense dynamism and capacity for rapid change,” said Chu Jun, Chairman of Jiangxi Huangshanghuang Group Food Co., Ltd. “Flexible, refined tools and capabilities are invaluable in being able to respond to market shifts. Infor CloudSuite Food & Beverage ERP capabilities are comprehensive, robust and agile to meet our business demands and continued innovation, and is expected to help unlock HSH’s potential for continued expansion. We are confident that with Infor by our side, we will be able to sustain this growth well into the future.”

 

Growing into the future with Infor

 

Infor CloudSuite Food & Beverage will not only arm HSH the power to continue its aggressive expansion plans under their strategic goal of opening “a thousand stores in a thousand cities”, but also give them the capacity to sustain this growth as they continue to expand their business.

 

“We are excited to kick off our cooperation with Huangshanghuang,” said Becky Xie, Vice President of Sales for Greater China and Korea. “Huangshanghuang and Infor share the same culture and spirit for innovation. Digitalization continues to be a powerful force under the swift pace of the Chinese market. Huangshanghuang’s selection of Infor as its strategic partner in overhauling its operations underscores the power and flexibility of our industry-specific capabilities finely tuned in the cloud. We are confident that moving forward, Huangshanghuang will continue to see immense success in its digital transformation spearheaded by Infor and Infor CloudSuite Food & Beverage.”

Media Contact:

Phyllis Tan

Infor Asia Pacific

+65 9799 9133

Phyllis.tan@infor.com

About Huangshanghuang

Founded in 1993, HSH is a private enterprise with an integrated production chain spanning the breeding, slaughtering and processing of duck meat and other meat products, joint sales, and research and development. It was named one of China’s top 500 manufacturing enterprises in 2017, and today has 4,500 locations throughout the country.

About Infor

Infor is a global leader in business cloud software specialized by industry. Providing mission-critical enterprise applications to 67,000 customers in more than 175 countries, Infor software is designed to deliver more value and less risk, with more sustainable operational advantages. We empower our 17,000 employees to leverage their deep industry expertise and use data-driven insights to create, learn and adapt quickly to solve emerging business and industry challenges. Infor is committed to providing our customers with modern tools to transform their business and accelerate their own path to innovation. To learn more, please visit www.infor.com.

GRAM Expands Its Operations Team To International Regions

GRAM Expands Its Operations Team To International Regions

SINGAPORE
– Media OutReach – 11 November
2020 – Singapore-based
video animation studio GRAM sets its
sights on venturing abroad to expand its operations team. The expansion plan
was initiated in recognition of diverse creative and artistic talent that is
available from all corners of the globe, beyond just the local talent pool.

GRAM is specialised in animation, videos and web interaction,
offering an array of video animations and corporate video production services
for businesses looking to meet their visual communication needs. Over the
years, GRAM has evolved in the video production industry and is trusted by many MNCs and government
clients in Singapore and globally.

While GRAM first began its remote team set up overseas
3 years ago, the company has since successfully established a team of
full-timers who are working remotely at different parts of the world. These
countries, namely the Philippines, Indonesia and Mexico, were chosen strategically
and primarily for the common language and artistic culture.

Nonetheless, the expansion doesn’t come without
obstacles. To tackle ineffective collaboration between the remote and local
teams, they had to set communication guidelines that allow for greater
productivity despite the physical distance. By using a project and
communication platform, teams were able to communicate much more effectively
with daily reporting and bi-weekly company meetings held.

As a fast-growing company,
GRAM currently has a team strength of 15 employees, with hopes to increase the
number next year. Plans are also in place to grow the company further in the future as GRAM is hoping to become
thought leaders in video production. This includes creating educational
materials and resources to teach and guide local SMEs with their video production. Additionally, GRAM is turning its Instagram page into a teaching tool
that provides bite-sized video marketing education to the public.

For more information, please
visit https://gramvideos.com/