Withdrawal from the Loss-Making Financial Services Business and Focus on the IT Services Business
First written in FY2024-Q1. 11 of 16 entries say "Advanced", first in FY2024-Q2. Latest entry: 2026-09-14.
No other company in this theme has enough history to compare yet.
- FY2026-H1ReframedAnnual report
「The company is promoting a shift from a labor-intensive business to a solution services business.」
The restructuring policy of withdrawing from the former financial services business and concentrating on IT services has been reframed as a shift to a solution services business encompassing DX, IoT, and care-sector DX. - FY2025-H1AdvancedAnnual report
「The group is withdrawing from the loss-making financial services business, including the sale of a subsidiary engaged in a cryptocurrency-related business during the fiscal year ended October 2023, and seeking to transition to a group structure that generates stable cash flow. As part of this process, the group dissolved its consolidated subsidiary カイカファイナンス on 27 February 2025 and completed its liquidation on 23 May 2025.」
The withdrawal from the loss-making financial services business and transition to a structure based on the IT services business progressed through the additional rationalization of dissolving and completing the liquidation of カイカファイナンス. - FY2024AdvancedAnnual report
「The sale of a subsidiary engaged in a cryptocurrency-related business, which had previously had a significantly negative impact on performance, and the discontinuation of the businesses relating to Type I Financial Instruments Business and investment management reduced selling, general and administrative expenses for the fiscal year ended October 2024 by approximately ¥2.1 billion from the fiscal year ended October 2023.」
The withdrawal from loss-making financial services businesses and concentration on IT services progressed in the full-year results through the sale and discontinuation of financial-related subsidiaries and a reduction of approximately ¥2.1 billion in selling, general and administrative expenses. - FY2024-Q2AdvancedAnnual report
「As a result of these measures, the company achieved positive cash flow from operating activities during the first six months of the current consolidated fiscal year.」
The results for the quarter showed a return to positive operating cash flow from the restructuring measures, including withdrawal from loss-making financial services businesses, concentration on IT services, and expansion of the Web3 business. - FY2024-Q1First statedAnnual report
「Including the sale of a subsidiary engaged in a cryptocurrency-related business during the previous consolidated fiscal year, the group is withdrawing from certain loss-making areas of its financial services business and seeking to transition to a group structure that generates stable cash flow. Going forward, it aims to improve profitability by expanding its Web3 business within the financial services segment, centered on its IT services business, which has remained profitable.」
Following the sale of a cryptocurrency-related subsidiary and the discontinuation of EWJ's business, the company newly disclosed a restructuring of its business portfolio, withdrawing from certain loss-making areas of the financial services business and expanding the Web3 business with the IT services business as its earnings base.