Concentration of Management Resources on Core Businesses and Improvement of Profitability
First written in FY2016-Q2. 9 of 20 entries say "Restated". Latest entry: FY2024.
Metaplanet moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
19 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「We determined that it is necessary to adopt rapidly evolving technologies to digitalize the assets held and business model of the Group and to pursue new business opportunities.」
The strategy has been reframed from focusing on and reviewing the hotel business to rapidly digitalizing owned assets and the business model and expanding into new businesses. - FY2023ReframedAnnual report
「From the fiscal year ending December 2024 onward, the Group will continue to pursue further growth. Through measures to improve its business earnings structure, we will seek sustainable improvement in earnings, promote various measures to strengthen our capital base, and work to stabilize the business and financial foundations.」
In addition to the previous focus on digitalization and new business opportunities, the Group identifies improving its earnings structure, strengthening its capital base and stabilizing its business and financial foundations from the fiscal year ending December 2024 onward as the core of its medium- to long-term strategy. - FY2023-Q1ReframedAnnual report
「We determined that, in order to create shareholder value continuously and sustainably, it is necessary to adopt rapidly evolving technologies to digitalize the assets held and business model of the Group and to pursue new business opportunities.」
The strategy has shifted from focusing on and reviewing the hotel business to placing the digitalization of owned assets and the business model, together with pursuing new business opportunities, at the center of shareholder value creation. - FY2022-Q2ReframedAnnual report
「As a new source of revenue, we will consider entering new businesses outside the hotel business.」
While continuing to focus on the hotel business and review its portfolio, the Group has added consideration of new businesses outside hotels as a source of revenue, broadening the scope of its strategy. - FY2022-Q2ReframedAnnual report
「As a new source of revenue, we will consider entering new businesses outside the hotel business.」
While continuing to focus on the hotel business and review its portfolio, the Group has added consideration of new businesses outside hotels as a source of revenue, broadening the scope of its strategy. - FY2022-Q1ReframedAnnual report
「We expect the hotel industry to continue facing a challenging operating environment both now and after the pandemic subsides. We are reviewing our portfolio, including by ending operations at hotels in Japan operated under lease agreements where we believe a turnaround would be difficult, as well as ending hotel operations in Thailand.」
While maintaining its focus on the hotel business, the emphasis has shifted from growth and expansion to portfolio review, including ending operations at domestic leased hotels and hotels in Thailand where a turnaround is considered difficult. - FY2021RestatedAnnual report
「From the fiscal year ending December 2022 onward, the Group will continue to focus exclusively on the hotel business, pursue further growth and continue its efforts to that end.」
The Group reconfirms its policy of continuing to focus exclusively on the hotel business and pursue growth from the fiscal year ending December 2022 onward. - FY2021-Q1RestatedAnnual report
「As the Group operates a single hotel-business segment, this information has been omitted.」
The Group reconfirms its status as a single-segment company focused on the hotel business. - FY2020RestatedAnnual report
「From the fiscal year ending December 2021 onward, the Group will continue to focus exclusively on the hotel business, pursue further growth and continue its efforts to that end.」
The Group reconfirms its policy of focusing exclusively on the hotel business and pursuing growth from the fiscal year ending December 2021 onward. - FY2019RestatedAnnual report
「In fiscal 2019, the Group continued to concentrate management resources on the budget hotel segment of the hospitality industry and expanded its hotel assets in Japan and across Asia. Specifically, we will pursue both higher revenue from existing hotels and the addition of new hotels.」
The policy of concentrating management resources on budget hotels, increasing revenue from existing hotels and adding new hotels continues. - FY2019-Q3RestatedAnnual report
「The Group continues to concentrate management resources on the budget hotel segment of the hospitality industry and is working to expand its hotel assets continuously in Japan and across Asia. Specifically, we will pursue both higher revenue and margins from existing hotels and the addition of new hotels.」
The previous policy of concentrating management resources on budget hotels, improving revenue and margins at existing hotels and adding new hotels continues. - FY2019-Q1RestatedAnnual report
「The Group continues to concentrate management resources on the budget hotel segment of the hospitality industry and is working to expand its hotel assets continuously in Japan and across Asia. Specifically, we will pursue both higher revenue and margins from existing hotels and the addition of new hotels.」
The Group reconfirms its policy of continuing to concentrate management resources on the hotel sector, with higher revenue and margins from existing hotels and the addition of new hotels as its two main initiatives. - FY2018RestatedAnnual report
「In fiscal 2018, the Group continued its policy of focusing exclusively on the hotel business, pursuing sustainable growth in that business and further expanding its business base.」
The policy of focusing exclusively on the hotel business, pursuing sustainable growth and expanding the business base continued in fiscal 2018. - FY2018-Q1RestatedAnnual report
「Continuing from the previous consolidated fiscal year, the Group is focusing exclusively on the hotel business and pursuing its sustainable growth and further expansion of its business base.」
The policy of focusing exclusively on the hotel business, pursuing sustainable growth and expanding the business base continues. - FY2017AchievedAnnual report
「In accordance with our policy of selecting and concentrating on existing businesses since fiscal 2016, we sold the shares of the loss-making subsidiary operating the distribution business effective 1 February 2017 and decided to focus exclusively on the hotel business, which had been generating profits steadily. This enabled us to secure stable earnings and expand our business base. As a result, during the current consolidated fiscal year we achieved an operating profit and positive operating cash flow for the first time in 5 fiscal years, since the fiscal year ended August 2012.」
The Group explains that it concentrated on the hotel business by selling the loss-making business and achieved positive operating profit and operating cash flow. - FY2017-Q3AdvancedAnnual report
「As previously disclosed, over the past year and a half the Group has undertaken a “cleanup,” including organizing outstanding issues and separating loss-making businesses. As a result, beginning in the first quarter of the current fiscal year, we achieved an operating profit for 3 consecutive quarters. This fiscal year is the first year in which the Group has become a company with the hotel business as its sole segment. The achievement of an operating profit for the 3-quarter cumulative period therefore demonstrates, in our view, the extent to which concentrating on its core hotel business can generate profits for the Group as a single-segment company.」
The Group explains that, after becoming a single hotel-business segment through the separation of loss-making businesses, it achieved operating profits for 3 consecutive quarters from the first quarter of the current fiscal year. - FY2017-Q2AdvancedAnnual report
「In accordance with our policy of selecting and concentrating on existing businesses since fiscal 2016, we sold all shares of Daiki Sound Co., Ltd., which operated the distribution business, effective 1 February 2017. We are now focused exclusively on the hotel business and working to secure stable earnings and expand our business base.」
The sale of the distribution business was completed, resulting in the transition to a single-segment hotel business. - FY2016AdvancedAnnual report
「As the Group had reached a certain level of completion in restructuring its business structure during the current consolidated fiscal year, it is expected to operate only the hotel business as a segment in the next fiscal year, the fiscal year ending December 2017.」
In addition to withdrawing from the food and beverage business, the Group sold the distribution business effective 1 February 2017 and expected to operate only the hotel business in the next fiscal year. - FY2016-Q3RestatedAnnual report
「Under these circumstances, the Group has focused on stabilizing its earnings base and strengthening its earnings capacity in its existing distribution and hotel businesses.」
The Group continues to concentrate on the distribution and hotel businesses and strengthen their earnings capacity following the withdrawal from the food and beverage business. - FY2016-Q2First statedAnnual report
「Through the consolidation of management resources following the transfer of the food and beverage business, we will pursue further monetization of the distribution and hotel businesses.」
Following the withdrawal from the food and beverage business, the Group indicates a policy of monetizing the distribution and hotel businesses as its core businesses.