Reorganization of Overseas Operations Through Selection and Concentration
First written in FY2017-Q3. 12 of 15 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2025.
0 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Meanwhile, the Company closed the directly operated stores “PIZZA SALVATORE CUOMO 三鷹,” “STEAK THE FIRST 日本橋” and “餃子と炙り こけこっこ 日本橋,” as well as the franchise store “SALVATORE CUOMO & BAR Manila,” to improve management resource efficiency.」
As part of consolidating overseas operations, the Company closed the franchise store “SALVATORE CUOMO & BAR Manila.” - FY2024AdvancedAnnual report
「The business formats of the directly operated stores “STEAK THE FIRST 高田馬場” and “STEAK THE FIRST 四谷” were changed, and the stores reopened after refurbishment as “SALVATORE CUOMO & GRILL 高田馬場” and “とんかつ＆焼鳥An 四谷,” respectively.」
As part of a review of management resources and the store portfolio, the Company additionally changed the business formats of 2 stores. In addition to business selection and focus, the reuse of existing locations became a concrete measure. - FY2024-Q3AdvancedAnnual report
「The former company-operated store “PIZZA SALVATORE CUOMO Yoyogi” was sold to a franchise operator and reopened after renovation as “SALVATORE CUOMO & BAR Yoyogi.”」
As part of a review of management resource allocation and the store portfolio, the Company sold directly operated stores to franchise operators. Together with the closure of multiple stores, this represented concrete progress in business selection and focus. - FY2023AdvancedAnnual report
「To improve the efficiency of management resource allocation, “PIZZA SALVATORE CUOMO 三軒茶屋” was transferred to a franchise operator in October, while “SALVATORE CUOMO & BAR 熊本” was closed in July, “SALVATORE CUOMO & BAR 新潟” in November, and “PIZZA SALVATORE CUOMO ららぽーとTOKYO-BAY” and “PASTA & PIZZA Salvatore Cuomo イオンモール広島府中” in January.」
As specific measures to select and focus management resources and improve allocation efficiency, the Company transferred directly operated stores to franchise operators and closed multiple stores. - FY2023-Q3AdvancedAnnual report
「To improve the efficiency of management resource allocation, we transferred “PIZZA SALVATORE CUOMO Sangenjaya” to a franchise operator in October, and closed “SALVATORE CUOMO & BAR Kumamoto” in July and “SALVATORE CUOMO & BAR Niigata” in November.」
As specific measures to select and focus management resources, the Company transferred directly operated stores to franchise operators and closed multiple stores. - FY2021AdvancedAnnual report
「From the perspective of efficient allocation of management resources, we closed 2 company-operated stores, including “SALVATORE CUOMO & BAR Kanazawa Katamachi,” and 4 franchise stores, including “SALVATORE CUOMO & BAR Tama-Plaza.” In September 2020, we transferred the company-operated store “SALVATORE CUOMO & BAR Nishiarai” to a franchise operator.」
As specific measures to select and focus the business and allocate management resources efficiently, the Company closed 6 stores and transferred 1 store to a franchise operator. - FY2021-Q3AdvancedAnnual report
「From the perspective of efficient allocation of management resources, we transferred the company-operated store “SALVATORE CUOMO & BAR Nishiarai” to a franchise operator in September 2020. We also closed the franchise store “SALVATORE CUOMO & BAR Himeji” in October 2020.」
To allocate management resources efficiently, the Company transferred directly operated stores to franchise operators and closed franchise stores. - FY2020AdvancedAnnual report
「During the consolidated fiscal year, we closed 2 company-operated stores, including “PIZZA SALVATORE CUOMO Seiseki-Sakuragaoka,” 5 franchise stores in South Korea, including “PIZZA SALVATORE CUOMO Myeongdong,” and 2 domestic franchise stores, as part of efforts to focus the operating store portfolio.」
As a specific measure to select and focus the business, the Company closed 2 directly operated stores, 5 Korean franchise stores and 2 domestic franchise stores. - FY2020-Q3AdvancedAnnual report
「In addition, between June and November 2019, we closed 2 company-operated stores, including “PIZZA SALVATORE CUOMO Seiseki-Sakuragaoka,” and 5 franchise stores in South Korea, including “PIZZA SALVATORE CUOMO Myeongdong,” as part of efforts to focus the operating store portfolio.」
As a specific measure to select and focus the store portfolio, the Company closed 2 directly operated stores and 5 Korean franchise stores. - FY2020-Q2AdvancedAnnual report
「In addition, between June and August 2019, we closed 4 franchise stores in South Korea, including “PIZZA SALVATORE CUOMO Myeongdong,” as part of efforts to focus the operating store portfolio.」
As part of consolidating overseas operations, the Company implemented the specific measure of closing 4 Korean franchise stores for business selection and focus. - FY2019-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 19 December 2018, the Company resolved to transfer all shares of its overseas consolidated subsidiary Y’S TABLE INTERNATIONAL CO.,LIMITED (the “Share Transfer”) and transferred monetary claims of ¥194 million held by the Company (the “Receivables Transfer”). As a result, Y’S TABLE INTERNATIONAL CO.,LIMITED will be removed from the scope of consolidated subsidiaries.」
The Company decided and implemented specific measures to consolidate operations by transferring all shares and ¥194 million in receivables of the overseas holding company, whose dissolution and liquidation had been taking time, and removing it from the scope of consolidated subsidiaries. - FY2018RestatedAnnual report
「Completion of the liquidation of the overseas sub-subsidiary 和伊授桌餐飲管理（上海）有限公司」
The annual report also confirmed completion of the liquidation of the overseas sub-subsidiary in Shanghai and its removal from the scope of consolidation. - FY2018-Q3AdvancedAnnual report
「Following completion of the liquidation of 和伊授桌餐飲管理（上海）有限公司, which operated an upscale restaurant, the company was excluded from the scope of consolidation.」
The Company reported specific progress in consolidating overseas operations as part of its business selection and focus, with the liquidation of an overseas luxury restaurant operating company completed. - FY2017RestatedAnnual report
「As part of the group’s selection and concentration of businesses, and in consideration of future profitability, the store was closed with 10 December 2016 as its final day of operations. Accordingly, its operating company, 微風和伊授桌餐飲管理顧問股份有限公司, was dissolved and liquidated.」
The annual report reiterated the policy of closing the Taiwan store and dissolving and liquidating its operating company, based on future profitability. - FY2017-Q3First statedAnnual report
「As part of the group’s selection and concentration of businesses, and in consideration of future profitability, the store was closed with 10 December 2016 as its final day of operations. Accordingly, its operating company, 微風和伊授桌餐飲管理顧問股份有限公司, was dissolved and liquidated.」
For the first time, the Company described the specific business measure of closing one store in Taiwan and dissolving and liquidating its operating company, based on future profitability.