Business structure reform involving the downsizing of a subsidiary’s unprofitable businesses and reduction of standby costs
First written in FY2024-Q1. 1 of 3 entries say "Restated". Latest entry: FY2024.
22 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「At the subsidiary, the downsizing of unprofitable businesses resulted in lower revenue but higher profit.」
The company disclosed that the business structure reform involving the downsizing of the subsidiary’s unprofitable businesses resulted in lower revenue but higher profit. - FY2024-Q2RestatedAnnual report
「The business structure reform at the subsidiary, planned and implemented since the end of the previous fiscal year and involving the downsizing of unprofitable businesses, has temporarily reduced revenue and profit, but profitability is expected to improve going forward through lower standby costs.」
Regarding the structural reform planned and implemented since the end of the previous fiscal year, involving the downsizing of the subsidiary’s unprofitable businesses, the company has reaffirmed its expectation of future profitability improvements from lower standby costs, while revenue and profit continue to decline temporarily. - FY2024-Q1First statedAnnual report
「The business structure reform at the subsidiary, planned and implemented since the end of the previous fiscal year and involving the downsizing of unprofitable businesses, has temporarily reduced revenue and profit, but profitability is expected to improve going forward through lower standby costs.」
This is the first time the company has tracked the business structure reform planned and implemented since the end of the previous fiscal year, involving the downsizing of the subsidiary’s unprofitable businesses. While the reform has temporarily reduced revenue and profit, profitability is expected to improve through lower standby costs.