Withdrawal from unprofitable businesses and concentration of management resources on the highly profitable real estate business
First written in FY2019-Q2. 1 of 3 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2019.
10 other companies' latest entry also says "Cited as achieved".
- FY2019Cited as achievedAnnual report
「However, the anticipated effects have not been achieved. The difficult business environment is expected to continue, and no improvement over current performance is anticipated. We therefore sought to withdraw from the unprofitable business at an early stage and concentrate our management resources on the highly profitable real estate business, which led to the transfer of all shares of 平成産業株式会社.」
The business-separation note for 平成産業 confirms in detail that the anticipated benefits of diversification were not achieved and that the reason for the withdrawal was to exit the unprofitable business and concentrate management resources on the real estate business. - FY2019-Q3AdvancedAnnual report
「In the building-materials sales business, during the second quarter of the consolidated fiscal year, we transferred the shares of 平成産業株式会社, excluded the company from our group and withdrew from the business.」
The third quarter confirms that the transfer of all shares of 平成産業 and the withdrawal from the building-materials sales business took place in the second quarter. Withdrawal from the unprofitable business progressed, but no effects from concentrating management resources on the real estate business itself were stated. - FY2019-Q2First statedAnnual report
「We sought to withdraw from the unprofitable business at an early stage and concentrate our management resources on the highly profitable real estate business, which led to the transfer of all shares of 平成産業株式会社.」
For the transfer of all shares of 平成産業 and the withdrawal from the building-materials sales business, the company stated for the first time that the reasons were early withdrawal from the unprofitable business and concentration of management resources on the real estate business.