Complete Exit from the Chinese Garment Manufacturing Business and Sale of the Ningbo Stake
First written in FY2017. 2 of 5 entries say "Achieved", first in FY2017. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1Cited as achievedAnnual report
「In the apparel division, revenue fell below the same period of the previous year, mainly because sales by the Chinese subsidiary that was liquidated in the previous fiscal year were no longer included and the onset of autumn and winter product sales was delayed by a prolonged run of record-hot days.」
The completion of the liquidation of the Chinese consolidated subsidiary was cited as a past achievement and subsequently described as a factor behind the decline in apparel segment sales. - FY2024-Q3AchievedAnnual report
「As previously disclosed, the company completed the liquidation of its Chinese consolidated subsidiary on 5 January 2024 and withdrew from all overseas businesses.」
The liquidation of the Chinese consolidated subsidiary was completed on 5 January 2024, completing the withdrawal from all overseas businesses. The company expects to record an approximately ¥19 million gain on liquidation of an affiliated company as extraordinary income in connection with the liquidation. - FY2024-Q2AdvancedAnnual report
「In the textile business, the company decided on 29 August this year to withdraw from the business of its Chinese consolidated subsidiary, which had performed well in the same period of the previous year, and nearly halted operations. However, efforts to strengthen domestic sales as the domestic market recovered resulted in the textile segment returning to profitability for the first time in 16 periods on a cumulative second-quarter basis.」
The company decided on 29 August to withdraw from its Chinese consolidated subsidiary's business and moved to the stage of nearly suspending operations. - FY2022-Q1Cited as achievedAnnual report
「In 2017, the company also completely withdrew from its men's suit manufacturing business operated through a Chinese joint venture, and has implemented restructuring measures as necessary.」
The complete withdrawal from the men's suit manufacturing business of the Chinese joint venture was cited again as a past business restructuring achievement. - FY2017AchievedAnnual report
「March 2017: Sold all equity interests in 寧波杉京服飾有限公司」
Sold all equity interests in 寧波杉京服飾有限公司 and completely withdrew from the Chinese garment manufacturing business.