Envipro Holdings (5698) · InitiativeAdvanced
Change in the form of operations of an overseas subsidiary in Uganda
First written in FY2021. 1 of 2 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2023-Q3.
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Change in Uganda Overseas Subsidiary Market-Entry Structure and Business RationalizationA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2023-Q3AdvancedAnnual report
「This represents losses associated with the partial streamlining of the businesses of our consolidated subsidiary 3WM Co., Ltd. and its overseas subsidiaries.」
The businesses of 3WM, including its overseas subsidiary in Uganda, and its overseas subsidiaries were partially streamlined, and a ¥57.074 million business streamlining loss was recorded. - FY2021First statedAnnual report
「In the global trading business, due to changes in the business environment resulting from the COVID-19 pandemic and other factors, the company decided to change the mode of entry of the Ugandan overseas subsidiary of 3WM Co., Ltd., a consolidated subsidiary engaged in used automobiles and other businesses, through a business transfer or other measures, and recorded a business restructuring loss.」
For the Uganda business, the company disclosed for the first time its policy of changing the mode of entry through a business transfer or other measures against the backdrop of the COVID-19 pandemic and other factors, and recorded a ¥49 million business restructuring loss.