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Japan Tobacco (2914) · InitiativeRevenue broadly flat and profit improved despite the impact of the transfer

Transfer of the bakery business

First written in FY2022-Q3. 1 of 5 entries say "Achieved", first in FY2022. Latest entry: FY2023.

5entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2022-Q3OtherFY2023-Q1 – FY20232022: 120222023: 320232024: 12024
Same theme, other companies
Business portfolio reorganization through the transfer of the bakery businessA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2023Revenue broadly flat and profit improved despite the impact of the transferAnnual report

    「Revenue was broadly unchanged from the same period of the previous year. Although revenue increased from foodservice products due to the recovery in foodservice demand, in addition to price revisions implemented in the frozen and ambient businesses in the previous and current fiscal years, this was offset by the decline in revenue resulting from the transfer of the bakery business.」

    The decline in revenue resulting from the transfer of the bakery business was offset by higher revenue from foodservice products due to price revisions and the recovery in foodservice demand, leaving revenue in the processed foods business broadly flat.
  2. FY2023-Q3Revenue broadly flat despite the impact of the transferAnnual report

    「Revenue was broadly unchanged from the same period of the previous year. Although revenue increased from foodservice products due to the recovery in foodservice demand, in addition to price revisions implemented in the frozen and ambient businesses in the previous and current fiscal years, this was offset by the decline in revenue resulting from the transfer of the bakery business.」

    The decline in revenue resulting from the transfer of the bakery business was offset by higher revenue from foodservice products due to price revisions and the recovery in foodservice demand, leaving revenue in the processed foods business broadly unchanged from the same period of the previous year.
  3. FY2023-Q1Revenue decline following the transferAnnual report

    「Revenue was at the same level as in the previous fiscal year. The loss of revenue following the transfer of the bakery business was offset by higher revenue from price revisions implemented in the previous fiscal year and the recovery in foodservice demand.」

    Following completion of the transfer of the bakery business, the resulting decline in revenue was disclosed together with revenue growth in the processed foods business.
  4. FY2022AchievedAnnual report

    「As announced on 15 September 2022, the shares of 株式会社サンジェルマン and 株式会社北海道サンジェルマン, which operate the bakery business within the processed foods business, were transferred to create restaurants holdings inc. on 1 December 2022.」

    The transfer of the shares of the 2 companies operating the bakery business was completed on 1 December 2022.
  5. FY2022-Q3First statedAnnual report

    「As announced on 15 September 2022, the shares of 株式会社サンジェルマン and 株式会社北海道サンジェルマン, which operate the bakery business within the processed foods business, were scheduled to be transferred to create restaurants holdings inc. on 1 December 2022.」

    The planned transfer on 1 December 2022 of the shares of the 2 companies operating the bakery business within the processed foods business to create restaurants holdings inc. was disclosed for the first time.
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Japan Tobacco's next results are scheduled for 2026-10-29. Read the earnings preview
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