The companies have signed a memorandum of understanding (MoU), which will see Toho Gas and its subsidiary Toho Gas Information System (TOGIS) establish an offshore development centre.
Located in Da Nang, Vietnam, the new centre, with a team of 50 IT engineers, will support Toho Gas and TOGIS.
According to the IT services vendor, Toho Gas can stay competitive in its business by using this expanded team to keep up with the most recent advancements brought on by digital technologies and data analytics.
The MoU builds on the ongoing alliance between Toho Gas and FPT Software since late 2019.
FPT Software assisted Toho Gas with a number of system migration projects during the previous alliance.
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Toho Gas Information System president Haigo Takeo said: “During the previous collaboration, we have witnessed FPT Software’s strong commitment and capabilities as a trusted partner. We are excited to continue our collaboration with FPT Software on higher-level projects and looking forward to achieving greater value together.”
FPT Japan CEO Do Van Khac said: “This partnership demonstrates the trust and confidence that Toho Gas has in FPT Software. We pledge to achieve successful outcomes and foster a fruitful collaboration with Toho Gas by providing innovative solutions, top-notch services and a talented IT workforce.”
During the first three months ending on 30 June 2023, Toho Gas reported net sales of $1.09bn (Y155.27bn), a 7.4% increase year-on-year.
Net income was reported to be $130.78m, compared with with last year’s $72.58m.