Axas Holdings (3536) · TargetReframed
Turning ACリアルエステイト into a Profitable Business
First written in FY2016-Q3. 1 of 3 entries say "Worsened", first in FY2016. Latest entry: FY2020-Q2.
3entries
5years
0from disclosures
How it moved
Same theme, other companies
Turning the Other Businesses and Asset Services Business into a Profit CenterA theme 3 companies write about · 0 as a headwind · 3 as a tailwind
Axas Holdings moved to the "Worse" side of this theme in 2016.
0 other companies' latest entry also says "Reframed".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2020-Q2ReframedAnnual report
「Through the merger, the real estate leasing businesses held by Axas and AC Real Estate will be centralized, thereby rationalizing and promoting the group's real estate leasing business, while」
The plan was restructured from the former objective of making AC Real Estate a stand-alone profit-generating business to absorbing it into Axas and centralizing and promoting the real estate leasing business within the group. - FY2016WorsenedAnnual report
「AC Real Estate ended its retail business on 7 August 2016 and now operates primarily in real estate leasing.」
The company ended the retail business without restoring performance, despite the objective of turning AC Real Estate into a profit-generating business. It also recognized an impairment loss of ¥2,690 million, including ¥2,684 million in goodwill. - FY2016-Q3First statedAnnual report
「As the group expands its business, it regards centralizing management resources through intra-group reorganization and turning AC Real Estate into a profit-generating business as important priorities.」
Following problems including excess inventory, unprofitable stores and merchandising issues at the former Zakkaya Bulldog, this was identified as a key post-integration issue.