Suspension of Operations at Brazilian Subsidiary
First written in FY2017-Q2. 3 of 9 entries say "Cited as achieved", first in FY2018-Q3. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AchievedAnnual report
「March 2024 Omi do Brazil Textile Co., Ltd. liquidated.」
The completion of liquidation of the Brazilian subsidiary, whose operations had been suspended, was disclosed in the company history. - FY2020Cited as achievedAnnual report
「Operations were suspended as of November 2016.」
The suspension of operations at the Brazilian consolidated subsidiary is reiterated as a past event in the current information on affiliated companies. - FY2020-Q3RestatedAnnual report
「Factors having a material impact on the operating results of the group include higher raw-material costs and the sale of land by the Brazilian consolidated subsidiary.」
For the Brazilian consolidated subsidiary, whose operations have been suspended, the sale of land and other matters continue to be listed as factors having a material impact on operating results. No progress or completion date for the land sale is indicated. - FY2020-Q2Land sales after the suspension of operations are listed as an influencing factor.Annual report
「Factors having a material impact on the operating results of the group include higher raw-material costs and the sale of land by the Brazilian consolidated subsidiary.」
For the Brazilian consolidated subsidiary, whose operations have been suspended, the sale of land and other matters are listed as factors having a material impact on operating results. No progress or completion date for the land sale is indicated. - FY2019Cited as achievedAnnual report
「Operations were suspended as of November 2016.」
The suspension of operations at the Brazilian consolidated subsidiary is reiterated as a past event in the information on affiliated companies. - FY2018-Q3Cited as achievedAnnual report
「In the Textile segment, revenue declined year on year because operations at the Brazilian consolidated subsidiary were suspended during the previous consolidated fiscal year.」
The suspension of operations at the Brazilian consolidated subsidiary carried out during the previous consolidated fiscal year is cited as a past event contributing to the decline in revenue for the current quarter. - FY2017AchievedAnnual report
「The Brazilian consolidated subsidiary suspended operations at the end of November 2016.」
The suspension of operations at the Brazilian consolidated subsidiary, decided and planned in the prior period, was carried out at the end of November 2016. - FY2017-Q3AdvancedAnnual report
「The company also resolved at a Board of Directors meeting held on 12 October 2016 to suspend operations at its consolidated subsidiary OMI DO BRASIL TEXTIL S.A. (オーミ・ド・ブラジルテキスタイル㈱).」
The company disclosed the Board of Directors’ resolution of 12 October 2016 concerning the suspension of operations at the Brazilian subsidiary, indicating progress on the plan announced in the previous quarter to suspend operations by December 2016. - FY2017-Q2First statedAnnual report
「Given these circumstances, an early recovery cannot be expected. We therefore decided to suspend operations in order to eliminate future risks. 3. Timing of the suspension of operations: December 2016 (target).」
The company decided to suspend operations at OMI DO BRASIL TEXTIL S.A. because an early recovery cannot be expected, and indicated that the suspension is targeted for December 2016.