Selection and concentration of the business portfolio through the dissolution and liquidation of Shopper Co.
First written in FY2021-Q1. 2 of 4 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021AchievedAnnual report
「Although ショッパー社 had taken measures such as reviewing its distribution areas and strengthening its staffing structure to restore its performance, the Company determined that improving profitability would be difficult due to a decline in promotional demand resulting from the impact of COVID-19. It therefore decided to dissolve ショッパー社, and completed its liquidation during the fiscal year.」
Regarding the dissolution and liquidation of ショッパー社, the restructuring planned in the previous filing was completed during the fiscal year. - FY2021-Q3AdvancedAnnual report
「3. Timing of dissolution and liquidation 8 January 2021: Resolution to dissolve the subsidiary August 2021: Liquidation scheduled for completion」
Following the resolution to dissolve ショッパー社, the company specified that liquidation was scheduled to be completed in August 2021 and disclosed progress on the restructuring accompanying its business portfolio focus. - FY2021-Q2AdvancedAnnual report
「At a meeting of its Board of Directors held on 30 March 2021, the Company's consolidated subsidiary ショッパー社 resolved to transfer its insurance agency business and executed the business transfer on 31 March 2021 under a business transfer agreement concluded on the same date.」
As part of its withdrawal from the business accompanying the dissolution of ショッパー社, the company executed the transfer of its insurance agency business on 31 March 2021 and is proceeding with concrete preparations for dissolution and liquidation. - FY2021-Q1First statedAnnual report
「Although the Company had been improving the management of its consolidated subsidiary ショッパー社 year after year by increasing distribution density in its publication areas and strengthening its sales capabilities, its recent performance has deteriorated following a decline in promotional demand due to the spread of COVID-19. The Company determined that it would be difficult to return the subsidiary to operating profitability in the short term and decided to dissolve it from the perspective of focusing on and selecting its businesses.」
The company has for the first time explicitly stated its policy of dissolving and liquidating ショッパー社, with the February 2021 issue to be its final publication and liquidation scheduled to be completed in June 2021.