Improving the Performance and Financial Condition of Consolidated Subsidiaries
First written in FY2016. 7 of 16 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2022-Q3.
0 other companies' latest entry also says "Achieved".
- FY2022-Q3AchievedAnnual report
「During the current third quarter of the consolidated fiscal year, Sugadaira Minehara Green Development Co., Ltd., formerly a consolidated subsidiary of the Company, completed its liquidation. Accordingly, it was excluded from the scope of consolidation, and the Company withdrew from the golf business.」
The liquidation of the consolidated subsidiary that operated the golf business was completed, and it was excluded from the scope of consolidation. The previously planned exit from the golf business through a business transfer and special liquidation was completed. - FY2022-Q2AdvancedAnnual report
「グリーン開発㈱ held a creditors’ meeting on 21 April 2021, at which the proposed agreement was approved. Following approval by the Nagano District Court and completion of the required procedures, the approval became final on 26 May of the same year. The company completed payments to creditors under the proposed agreement by the end of August. It is currently carrying out various procedures toward completing the liquidation during the fiscal year ending December 2021.」
Following final approval of the proposed special liquidation agreement for the subsidiary that operated the golf business, payments to creditors were completed. Procedures toward completing the liquidation during the fiscal year ending December 2021 are also continuing. - FY2022-Q1AdvancedAnnual report
「グリーン開発㈱ held a creditors’ meeting on 21 April 2021, at which the proposed agreement was approved. Following approval by the Nagano District Court and completion of the required procedures, the approval became final on 26 May of the same year. The company is currently carrying out various procedures toward completing the liquidation during the fiscal year ending March 2022.」
Following the transfer and corporate split of the golf business, the proposed special liquidation agreement was approved and the court’s approval became final. Procedures toward completing the subsidiary’s liquidation are making concrete progress. - FY2021ReframedAnnual report
「The consolidated subsidiary 菅平峰の原グリーン開発株式会社 operated a golf course but is currently undergoing liquidation proceedings.」
In addition to continuing with the existing policy of improving the performance of subsidiaries, the golf business is being repositioned for exit from the Group through a business transfer and special liquidation. - FY2021-Q3AdvancedAnnual report
「Revenue from other businesses was ¥105 million, down 18.5% year on year, while the operating loss was ¥19 million, compared with an operating loss of ¥28 million in the same quarter of the previous year.」
The operating loss in the other businesses (golf business) narrowed from ¥28 million in the same quarter of the previous year to ¥19 million. - FY2021-Q2AdvancedAnnual report
「Revenue from other businesses was ¥88 million, down 22.4% year on year, while operating income was ¥14 million, compared with an operating loss of ¥10 million in the same quarter of the previous year.」
The other businesses (golf business) moved from an operating loss of ¥10 million in the same quarter of the previous year to operating income of ¥14 million, indicating an improvement in earnings. - FY2021-Q1AdvancedAnnual report
「Revenue from other businesses was ¥27 million, down 31.7% year on year, while the operating loss was ¥2 million, compared with an operating loss of ¥37 million in the same quarter of the previous year.」
The operating loss in the other businesses (golf business) narrowed from ¥37 million in the same quarter of the previous year to ¥2 million. - FY2020WorsenedAnnual report
「In the other businesses (golf business), revenue was ¥137 million, down 7.4% from the previous consolidated fiscal year, due in part to a decline in visitors caused by poor weather on Saturdays, Sundays and public holidays. In terms of earnings, the operating loss was ¥78 million, compared with an operating loss of ¥23 million in the previous consolidated fiscal year, due in part to lower revenue.」
The operating loss in the golf business widened from ¥23 million in the previous fiscal year to ¥78 million, reversing the improvement trend in the performance of the subsidiaries and other businesses. - FY2020-Q3WorsenedAnnual report
「Revenue from other businesses was ¥129 million, down 4.9% year on year, while the operating loss was ¥28 million, compared with an operating loss of ¥7 million in the same quarter of the previous year.」
The operating loss in the other businesses (golf business) widened from ¥7 million in the same quarter of the previous year to ¥28 million, indicating deteriorating performance in the subsidiaries and other businesses. - FY2020-Q2WorsenedAnnual report
「(Other businesses) Revenue from other businesses was ¥113 million, up 0.0% year on year, while the operating loss was ¥10 million, compared with operating income of ¥10 million in the same quarter of the previous year.」
The other businesses (golf business) moved from operating income of ¥10 million in the same quarter of the previous year to an operating loss of ¥10 million. - FY2020-Q1WorsenedAnnual report
「Revenue from other businesses was ¥40 million, down 0.9% year on year, while the operating loss was ¥37 million, compared with an operating loss of ¥6 million in the same quarter of the previous year.」
The operating loss in the other businesses (golf business) widened from ¥6 million in the same quarter of the previous year to ¥37 million. - FY2019AdvancedAnnual report
「In the other businesses (golf business), revenue was ¥149 million, down 26.2% from the previous consolidated fiscal year, due in part to a decline in visitors caused by poor weather on Saturdays, Sundays and public holidays. In terms of earnings, the operating loss was ¥23 million, compared with an operating loss of ¥44 million in the previous consolidated fiscal year, due in part to lower revenue.」
The operating loss in the golf business narrowed from ¥44 million in the previous fiscal year to ¥23 million. - FY2019-Q3AdvancedAnnual report
「(Other) Revenue from other businesses was ¥135 million, down 7.7% year on year, while the operating loss was ¥7 million, compared with an operating loss of ¥38 million in the same quarter of the previous year.」
The operating loss in the other businesses (golf business) narrowed from ¥38 million in the same quarter of the previous year to ¥7 million. The performance of the subsidiaries and other businesses showed quantitative improvement. - FY2018RestatedAnnual report
「⑥ Improving and strengthening the consolidated financial position through improved performance at subsidiaries」
The company continues to pursue measures to improve and strengthen its consolidated financial position through improved performance at its subsidiaries. - FY2017RestatedAnnual report
「⑥ Improving and strengthening the consolidated financial position through improved performance at subsidiaries」
The company continues to pursue the improvement and strengthening of its consolidated financial position through improved performance at its subsidiaries. - FY2016First statedAnnual report
「Improving and strengthening the financial position of subsidiaries through improved performance at consolidated subsidiaries」
The company states its policy of improving the financial position of the Group as a whole through improved performance at its subsidiaries.