Balance Sheet Management and Business Portfolio Optimization
First written in FY2021. 5 of 6 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2026-H1.
90 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「In Wellness, Hotels continued to perform strongly by capturing expanding inbound demand. However, revenue and profit declined due to the loss of sales to investors and other factors in Other, as well as the impact of the transition of eWel Co., Ltd. to an equity-method affiliate following the transfer of part of its shares, resulting in higher revenue but lower profit for the segment as a whole.」
The transfer to an equity-method affiliate following the sale of part of EWEL's shares was reflected in results, advancing the streamlining of the business portfolio. - FY2025AdvancedAnnual report
「During the previous medium-term management plan period, we pursued the transfer and sale of low-efficiency and low-profitability businesses and assets, including the transfer of Tokyu Hands and the fitness business and the sale of Tokyu Plaza Ginza and low-profitability golf courses and ski resorts. Meanwhile, in the renewable energy business, which we will focus on even more going forward, we acquired shares in Renewable Japan and made it a consolidated subsidiary.」
While advancing the transfer and sale of low-efficiency businesses and assets, the Group made Renewable Japan a consolidated subsidiary, giving concrete form to the portfolio rotation. - FY2024AdvancedAnnual report
「Structural reforms have been completed for businesses identified as requiring fundamental rebuilding by the fiscal year ending March 2023. In the fiscal year ended March 2024, earnings in the hotel and leisure businesses improved significantly by capturing strong domestic and international demand.」
The completion of structural reforms for businesses designated for fundamental rebuilding was stated, along with improved earnings in the hotel and leisure businesses and the continuation of transformation in businesses slated for modified promotion. - FY2022AdvancedAnnual report
「We classified the direction of each business as "promote," "promote with modifications," or "fundamentally rebuild." For the Hands business, which was positioned for "fundamental rebuilding," the shares will be transferred to a new partner. In the leisure business, we will pursue an asset-light model, taking into account TCFD scenarios and other factors.」
The business portfolio was evaluated on 2 quantitative and qualitative axes, and the direction of each business was specified, including the transfer of the Hands business and the shift to an asset-light model in the leisure business. - FY2022-Q3AdvancedAnnual report
「Under our long-term vision GROUP VISION 2030, we have set the goal of "building a strong and distinctive business portfolio toward fiscal 2030 and enhancing shareholder and corporate value." To achieve this, we are reviewing all businesses from a long-term perspective. We will continue to promote business portfolio management focused on improving the efficiency of existing businesses, with the aim of achieving sustainable growth for our Group and enhancing shareholder and corporate value.」
Regarding the policy of reviewing and improving the efficiency of the business portfolio, a specific measure was announced: the planned transfer of the Hands shares and loan receivables to Cainz. The transfer was scheduled for 31 March 2022. - FY2021First statedAnnual report
「Improving the efficiency of existing businesses and optimizing the business portfolio are key challenges. Specific measures to improve the efficiency of existing businesses include expanding the condominium sales business, cyclical reinvestment businesses, and high-efficiency businesses in asset-utilization businesses; steadily launching large-scale development projects; expanding the use of external capital and fee income; rotating the asset portfolio; and selling low-return assets.」
In light of declining earnings and balance sheet expansion, a new policy was systematized to optimize the business portfolio through improved asset efficiency, the use of external capital and fee income, asset rotation, and the sale of low-return assets.