Integration of the Fisheries and Functional Foods Business Division and the Livestock Foods Business Division
First written in FY2021. 1 of 4 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2021: 1 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2023RestatedAnnual report
「Effective from the current consolidated fiscal year, the Functional and Food Business Division was renamed the Food Business Division and organisational changes were made, with the company seeking to reduce costs through more efficient administrative, planning and development operations, make effective use of personnel and assets, and accelerate decision-making.」
Following the integration of the business divisions in April 2021, the company continued to improve efficiency by renaming the division the Food Business Division and implementing organisational changes. - FY2022AchievedAnnual report
「Effective from the current consolidated fiscal year, the company has made changes to its reporting segments and other matters. The reporting segments formerly called the Fisheries and Functional Foods Business and the Livestock Foods Business have been consolidated into the Functional and Food Business.」
The Fisheries and Functional Foods Business Division and the Livestock Foods Business Division were integrated, and the reporting segments were consolidated into the Functional and Food Business. - FY2022-Q1AdvancedAnnual report
「As the domestic market on which the food industry has traditionally been based is expected to contract due to population decline and aging, the Company changed its organizational structure effective 1 April 2021 by consolidating the Fisheries and Functional Foods Division and the Livestock Foods Division into the Functional and Foods Division. The change was intended to reduce costs through more efficient administrative and planning and development functions, make more effective use of human resources and assets, and accelerate decision-making. It also reflected the Company's judgment that consolidating the segments would better reflect the actual management structure.」
The business divisions were integrated effective 1 April 2021, and the organisational restructuring aimed at improving the efficiency of administrative, planning and development operations, reducing costs, making effective use of personnel and assets, and accelerating decision-making was also reflected in the reporting segments. - FY2021First statedAnnual report
「To overcome the challenging business environment, we decided to integrate the Fisheries and Functional Foods Division and the Livestock Foods Division into the Functional and Foods Division from April 2021, thereby strengthening and improving the efficiency of our management structure.」
The company newly specifies an organisational restructuring, effective from April 2021, to integrate the two business divisions into a new Functional and Food Business Division.