Establishing a production structure suited to the size of the clothing market
First written in FY2021-Q3. 4 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2022.
74 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「Under these circumstances, during the consolidated fiscal year the company closed all of its domestic in-house plants and outsourced production to 御幸毛織株式会社, which has a long history and strong track record in domestic garment manufacturing, in order to secure a certain level of profit even in the new market environment. It relaunched as 株式会社花菱, focusing exclusively on sales through its own stores.」
The review of the production structure in the clothing field progressed to the closure of all domestic in-house plants, the outsourcing of production to 御幸毛織, and a focus exclusively on sales through the company’s own stores. - FY2022-Q3AdvancedAnnual report
「In connection with the withdrawal from in-house production and other measures at 花菱縫製株式会社, a consolidated subsidiary, the carrying amount of the above assets was reduced to the recoverable amount, and the reduction was recognized as “organizational restructuring expenses” under extraordinary losses. In the clothing field of the 생활関連 business, costs incurred in establishing a production structure suited to the size of the market and withdrawing from in-house production and other measures were recognized as “organizational restructuring expenses” under extraordinary losses.」
The review of the production structure in the clothing field progressed to include withdrawal from in-house production, and ¥495 million in organizational restructuring expenses was recognized. - FY2022-Q2AdvancedAnnual report
「In the clothing field of the 생활関連 business, costs incurred in reviewing the production structure, including in connection with the sale of the head-office plant, were recognized as organizational restructuring expenses under extraordinary losses.」
The review of the production structure in the clothing field progressed in connection with the sale of the head-office plant, and ¥156 million in organizational restructuring expenses was recognized. - FY2021AdvancedAnnual report
「Under these circumstances, during the fiscal year the company fundamentally reviewed its production structure to secure a certain level of profit even in the new market environment, including by closing 2 domestic factories and reducing its workforce to less than half.」
To address the contraction of the clothing market, the company carried out a fundamental review of its production structure, including the closure of 2 domestic plants and reducing its workforce to less than half its previous size. - FY2021-Q3First statedAnnual report
「In the clothing field of the 생활関連 business, costs incurred in establishing a production structure suited to the size of the market were recognized as organizational restructuring expenses under extraordinary losses.」
The company discloses that it carried out organizational restructuring to establish a production structure suited to the size of the market in response to the contraction of the clothing market.