Lion Office Products Corp. (423A) · InitiativeRestated
Acquisition of the Shredder Business and Development Under the Company's Own Brand
First written in FY2020. 1 of 3 entries say "Worsened", first in FY2021. Latest entry: FY2022.
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Development of the company’s own brand and maintenance operations following the acquisition of the shredder businessA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2022RestatedAnnual report
「For its in-house “シュレッドギア” shredders, the company also worked to improve customer satisfaction by proposing extended maintenance services to users whose maintenance packages had expired.」
The company has maintained its sales and maintenance systems for the shredder business since the business transfer and is enhancing customer support through extended maintenance services. - FY2021WorsenedAnnual report
「Because we determined that achieving the original plan would take time, we recognized the full carrying amount of ¥51 million as an impairment loss under extraordinary losses.」
While the shredder business is expanding sales after establishing sales and maintenance systems, the company states that the full ¥51 million of goodwill was impaired because actual results diverged from the earnings plan at the time of the business transfer, and that achieving the original plan will take time. - FY2020First statedAnnual report
「The shredder business, which the Group began pursuing in the current fiscal year, is now fully operational, with production and sales systems in place.」
Beginning with the business transfer in November 2019, the company launched sales of its own “シュレッドギア” brand, established production and sales systems, and transitioned to full-scale operations.