Optimizing the Business Portfolio and Enhancing Business Competitiveness
First written in FY2019. 7 of 10 entries say "Advanced", first in FY2020. Latest entry: FY2026.
84 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Under this project, we will implement measures in stages, including a review of the business portfolio, the reorganization and streamlining of production, sales and administrative functions, and a review of the organizational structure and governance.」
Specific measures were presented for business portfolio optimisation, including gradually exiting or downsizing low-return, non-core businesses in Europe and reorganising production, sales and administrative functions. - 2026-05-11AdvancedFinancial results
「Under this project, we will implement measures in stages, including a review of the business portfolio, the reorganization and streamlining of production, sales and administrative functions, and a review of the organizational structure and governance.」
The company specified measures to review the European business portfolio and reorganize and streamline production, sales and administrative functions. - FY2025AdvancedAnnual report
「Because a decision was made to withdraw from the business involving operating assets in Bangladesh, their carrying amount was reduced to the recoverable amount, and the decrease was recognised as a loss on business withdrawal under extraordinary losses. Because a decision was made to withdraw from the business involving operating assets in China, their carrying amount was reduced to the recoverable amount, and the decrease was recognised as a loss on business withdrawal under extraordinary losses.」
As a specific measure to optimise the business portfolio, the group decided to withdraw from the businesses in Bangladesh and China and reduced the carrying amounts of the related assets. - FY2024ReframedAnnual report
「The company decided to continue operating the Africa segment and has restarted the business after formulating a business plan from a zero base, positioning it as the next growth area after India.」
The policy changed from restructuring the portfolio on the assumption that the Africa business would be sold to continuing and restarting the business. - FY2024-Q3ReframedAnnual report
「The Board of Directors resolved at its meeting held on 29 November 2023 to terminate this transfer agreement.」
The plan for the sale of the Africa business, which had been pursued as part of business portfolio optimisation, was changed to termination of the transfer agreement because approval under South Africa's competition law review could not be obtained. - FY2023AdvancedAnnual report
「Under these priority policies, in fiscal 2022 we are steadily implementing our cash allocation plan by taking concrete steps to reconfigure the business portfolio appropriately for the future, including the decision to sell the Africa business, while diversifying funding sources and selling cross-held shares and other assets.」
For business portfolio optimisation, cash allocation combining the decision to sell the Africa business, the sale of cross-held shares and diversification of funding sources was implemented. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 1 June 2022, the Company decided to transfer its holdings in its subsidiaries Kansai Plascon Africa Ltd. (hereinafter, “KPAL”) and Kansai Plascon East Africa (Pty) Ltd. (hereinafter, “KPEA”) to Akzo Nobel Coatings International B.V., a subsidiary of Akzo Nobel N.V., and entered into a share transfer agreement with that company.」
As a specific measure to optimise the business portfolio, a share transfer agreement was concluded to remove KPAL, KPEA and their subsidiaries, among others, from the scope of consolidation. - FY2021AdvancedAnnual report
「The measures implemented to date include exiting 5 companies and 1 project, withdrawing from businesses in the Middle East and Nigeria, and selling automotive refinish dealerships in Africa.」
As results in business portfolio optimisation, the group listed the exit from 5 companies and 1 project, withdrawal from the Middle East and Nigeria, and the sale of automotive refinish dealerships in Africa. - FY2020AdvancedAnnual report
「• Rationalisation of low-return assets As the first phase, exited 5 companies and 1 project. As the second phase, exited businesses in the Middle East and Nigeria.」
As specific measures to optimise the business portfolio, the group proceeded with exiting the Middle East and Nigeria following the exit from 5 companies and 1 project. - FY2019First statedAnnual report
「After analysing external conditions and internal factors, we will optimise the business portfolio and strengthen competitiveness by improving and reinforcing businesses requiring fundamental action, optimising the allocation of assets and resources, leveraging and promoting know-how and business models within the group, and exploring and creating business opportunities, including across industry boundaries.」
Newly specified portfolio optimisation through business improvement and reinforcement, asset and resource allocation, utilisation of group know-how, and exploration of business opportunities.