Discontinuation of the Instant Noodle Manufacturing and Sales Business
First written in FY2018-Q2. 4 of 5 entries say "Restated". Latest entry: FY2019.
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- FY2019RestatedAnnual report
「The discontinuation of the cup noodle manufacturing and sales business in the previous fiscal year, as well as the shipment suspension resulting from the recall of “Hot Bean Sprout Sauce” (a bottled mixed seasoning) during the current fiscal year, contributed to the decline in revenue.」
The discontinuation of the cup-noodle manufacturing and sales business continued to be reported as a factor behind the decline in revenue in the Domestic Product Sales business. - FY2019-Q3RestatedAnnual report
「The discontinuation of the cup noodle manufacturing and sales business in the previous fiscal year, as well as the shipment suspension resulting from the recall of “Hot Bean Sprout Sauce” (a bottled mixed seasoning) during the current fiscal year, contributed to the decline in revenue.」
The discontinuation of the cup-noodle manufacturing and sales business continued to be reported as a factor behind the decline in revenue in the Domestic Product Sales business for the current period. - FY2019-Q2RestatedAnnual report
「The discontinuation of the cup-noodle manufacturing and sales business in the previous fiscal year and the suspension of shipments following the voluntary recall of "Hot Bean Sprout Sauce" (a bottled mixed seasoning) contributed to the decline in net sales.」
The policy of discontinuing the cup-noodle manufacturing and sales business continued to be reported as a factor behind the decline in revenue for the current period. - FY2018-Q3RestatedAnnual report
「Meanwhile, as part of its strategy of focusing on selected businesses, the Company decided to discontinue the cup-noodle manufacturing and sales business, where sales to major convenience-store chains had been declining.」
The decision to discontinue the cup-noodle manufacturing and sales business was reported again from the previous quarter as part of the Company's strategy of focusing on selected businesses. - FY2018-Q2First statedAnnual report
「In the Domestic Product Sales segment, the Company decided during the six months ended the second quarter of the current consolidated fiscal year to discontinue the cup-noodle manufacturing and sales business and recorded an impairment loss on the noodle-production equipment at the relevant cup-noodle plant.」
The Company decided to discontinue the cup-noodle manufacturing and sales business against a backdrop of declining cup-noodle sales to major convenience-store chains.