Turning the Apparel Business Profitable
First written in FY2021. 3 of 4 entries say "Dropped", first in FY2022-Q1. Latest entry: FY2022.
The whole theme swung hardest in 2023: 3 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual report
「As of 20 August 2021, all shares of the company concerned had been transferred.」
The Group's objective of returning the apparel business to profitability ended with the completed transfer of the 三鈴 shares. - FY2022-Q2DroppedAnnual report
「However, affected by the prolonged closure of stores and reduced operating hours caused by COVID-19, we reported a loss for the fiscal year ended March 2021. We determined that a short-term recovery in 三鈴's performance would be difficult within the Group, resolved to transfer the 三鈴 shares held by our subsidiary 東京アプリケーションシステム株式会社 to アパテックジャパン株式会社, and entered into a share transfer agreement with アパテックジャパン株式会社 concerning the transfer of the 三鈴 shares.」
The policy shifted from pursuing the apparel business's return to profitability within the Group, and the share transfer was completed after determining that a short-term recovery for 三鈴 would be difficult. - FY2022-Q1DroppedAnnual report
「We determined that a short-term recovery in 三鈴's performance would be difficult within the Group and resolved to transfer the 三鈴 shares held by our subsidiary 東京アプリケーションシステム株式会社 to アパテックジャパン株式会社.」
The policy shifted from pursuing the apparel business's return to profitability within the Group to transferring the 三鈴 shares and moving the business outside the Group. - FY2021First statedAnnual report
「Returning the apparel business to profitability is an urgent priority for our Group from the perspectives of business expansion and strengthening our financial position, and the Group is implementing measures to achieve profitability. The main measures under way include withdrawing from unprofitable stores, strengthening existing EC sales, having subsidiary ITbookテクノロジー build a customer and inventory management system, improving brand strength through a media strategy, reviewing the target customer base, and providing thorough training for store employees in coordination and design.」
For 三鈴's apparel business, returning to profitability was identified as an urgent priority following its losses, with store closures, EC sales, customer and inventory management, branding, target customers and employee training listed as measures.