Execution of Exit from the Food-Service Business
First written in FY2016-Q2. 6 of 7 entries say "Cited as achieved", first in FY2016-Q3. Latest entry: FY2018.
No other company in this theme has enough history to compare yet.
- FY2018Cited as achievedAnnual report
「Transferred the shares of our consolidated subsidiary operating the food and beverage business to Food Planet Co., Ltd. and sold the food and beverage business.」
The withdrawal from the food and beverage business is restated as a completed action from a prior period in the corporate history. - FY2017Cited as achievedAnnual report
「In February 2017, we sold all shares of Daiki Sound Co., Ltd., which operated the distribution business, and withdrew from the distribution business.」
The withdrawal from the distribution business is restated in the annual report as an action completed in February 2017. - FY2017-Q3Cited as achievedAnnual report
「From the previous fiscal year through the current fiscal year, the Group completely withdrew from the loss-making food and beverage and distribution (music) businesses, which had continued to post losses.」
The complete withdrawal from the food and beverage and distribution businesses is restated as a completed response to a material event. - FY2017-Q2Cited as achievedAnnual report
「As all shares of Daiki Sound Co., Ltd., which operated the distribution business, were sold effective 1 February 2017, the company was excluded from the scope of consolidation and the Group withdrew from the distribution business.」
Following the withdrawal from the food and beverage business, the withdrawal from the distribution business is also described as a completed action. - FY2016Cited as achievedAnnual report
「In addition, effective 30 June 2016, we transferred the shares of our consolidated subsidiary engaged in the food and beverage business to Food Planet Co., Ltd., and the Group consequently withdrew from the food and beverage business.」
The withdrawal from the food and beverage business is restated as a completed action from a prior period in the descriptions of the business and operating results. - FY2016-Q3Cited as achievedAnnual report
「With respect to the food and beverage business, effective 30 June 2016, we transferred the shares of our consolidated subsidiary engaged in that business to Food Planet Co., Ltd., and the Group consequently withdrew from the food and beverage business.」
The withdrawal from the food and beverage business is restated as a completed action from a prior period. - FY2016-Q2AchievedAnnual report
「Effective 30 June 2016, we transferred the shares of our consolidated subsidiary engaged in the food-service business to Food Planet Co., Ltd., and the Group consequently exited the food-service business.」
The share transfer for the food-service business was completed effective 30 June 2016, and 10 subsidiaries and other entities were excluded from the scope of consolidation.