TONE Mobile turns profitable
First written in FY2019-Q1. 3 of 4 entries say "Reframed", first in FY2020-Q2. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020ReframedAnnual report
「On the same date, the Company sold all of its shares in TONE MOBILE株式会社 to カルチュア・コンビニエンス・クラブ株式会社 for ¥1, and TONE MOBILE株式会社 was excluded from the scope of equity-method accounting.」
The full-year notes confirm that, rather than pursuing the previous plan to make TONE MOBILE profitable, a restructuring involving the sale of all shares and business succession was carried out. - FY2020-Q3ReframedAnnual report
「All shares held in TONE MOBILE株式会社, now TMC株式会社, were likewise sold, and the company was excluded from the scope of equity-method accounting.」
The restructuring has been completed through the sale of all shares and exclusion from the scope of equity-method accounting, rather than under the previous plan to make TONE MOBILE profitable. - FY2020-Q2ReframedAnnual report
「In addition, on the same date, the Company sold all of its shares in TONE MOBILE株式会社 to カルチュア・コンビニエンス・クラブ株式会社 for ¥1, and TONE MOBILE株式会社 was excluded from the scope of equity-method accounting from the third quarter of the consolidated fiscal year.」
Regarding the previously stated goal of making TONE MOBILE profitable, the disclosure indicates that the business proceeded to a restructuring involving the sale of the shares and business succession, rather than achieving profitability. - FY2019-Q1First statedAnnual report
「Although the company recorded equity-method investment losses of ¥193.088 million in connection with an additional investment intended to bring Tone Mobile into the black,」
Additional funding for TONE MOBILE aimed at achieving profitability was explicitly mentioned for the first time. This does not state that profitability has been achieved.