Completion of structural reform in the textile and apparel business
First written in FY2016. 3 of 5 entries say "Cited as achieved", first in FY2017-Q1. Latest entry: FY2017.
1 other company's latest entry also says "Cited as achieved".
- FY2017Cited as achievedAnnual report
「Revenue fell below the previous fiscal year's level because of a decline associated with the structural reform of the textile and apparel business implemented in the previous fiscal year, as well as sluggish sales of autumn and winter products due to the warm winter.」
The company cited the structural reform of the textile and apparel business completed in the previous fiscal year as a past initiative that contributed to the decline in revenue for the current fiscal year. - FY2017-Q3Cited as achievedAnnual report
「However, during the previous fiscal year, the company decisively dissolved the troubled menswear retail subsidiary and completed the “structural reform of the textile and apparel business,” thereby restructuring its loss-making business,」
The company cited the completion of the structural reform and the restructuring of the loss-making business as past achievements that resolved material events related to the going concern assumption. - FY2017-Q2AdvancedAnnual report
「㈱ロッキンガムペンタ was excluded from the scope of consolidation because its liquidation was completed during the second quarter of the current fiscal year.」
Regarding the menswear retail subsidiary associated with the structural reform, the company stated that the liquidation process had been completed, representing an additional completed restructuring measure. - FY2017-Q1Cited as achievedAnnual report
「However, during the previous fiscal year, the company decisively dissolved the troubled menswear retail subsidiary and completed the “structural reform of the textile and apparel business,” thereby restructuring its loss-making business,」
The company cited the structural reform completed in the previous fiscal year and the dissolution of the menswear retail subsidiary as past achievements that resolved material events related to the going concern assumption. - FY2016AchievedAnnual report
「Meanwhile, in the textile and apparel business, we partially revised the medium-term management plan and undertook fundamental structural reforms. We implemented all of the following measures during the fiscal year and completed the structural reform of the textile and apparel business: ① dissolution and special liquidation of the menswear retail subsidiary; ② withdrawal from the OEM business based on proposals for materials and designs; ③ reduction of personnel engaged in the textile and apparel business; ④ reduction of selling, general and administrative expenses related to the textile and apparel business; ⑤ reform of the procurement structure for the textile and apparel business; and ⑥ review of the human resources strategy for the textile and apparel business.」
The company stated that it implemented all 6 measures during the fiscal year: withdrawal, subsidiary dissolution, personnel and expense reductions, procurement structure reform, and human resources strategy reform.