Reorganization of business segments for industrial machinery and energy-related real estate
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2021-Q3.
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- FY2021-Q3RestatedAnnual report
「The reportable segments were changed from the first quarter accounting period.」
The company continued to disclose results under the revised segments following the reorganization into Industrial Machinery-related and Energy and Real Estate-related. - FY2021-Q1AdvancedAnnual report
「From the first quarter accounting period, the industrial machinery business and powder metallurgy business, which had previously been included in the Other segment, were classified as the Industrial Machinery-related segment. Both businesses manufacture industrial machinery equipment and tools and have been growing as businesses serving diverse needs in Japan and overseas, with distinctive manufacturing technologies despite operating in niche fields. The change was intended to develop further markets and innovate manufacturing technologies. The petroleum business was transferred to the Real Estate-related segment and renamed the Energy and Real Estate-related segment, as its handling of various energy products and its business-to-consumer model were expected to generate synergies in business strategy and marketing with the Real Estate business, which operates power generation businesses and commercial facilities.」
The business segment reorganization announced in the previous fiscal year was applied as reportable segments from the first quarter, with Industrial Machinery-related established as a separate segment and the petroleum business transferred and renamed Energy and Real Estate-related. - FY2020First statedAnnual report
「The industrial machinery business and powder metallurgy business, which had previously been included in the Other segment, both manufacture industrial machinery equipment and tools. Although they operate in niche fields, they possess distinctive manufacturing technologies and have been growing as businesses serving diverse needs in Japan and overseas. With the aim of developing further markets and innovating manufacturing technologies, the businesses were classified as the Industrial Machinery-related segment. The petroleum business was transferred to the Real Estate-related segment and renamed the Energy and Real Estate-related segment, as its handling of various energy products and its business-to-consumer model were expected to generate synergies in business strategy and marketing with the Real Estate business, which operates power generation businesses and commercial facilities.」
Effective 1 April 2020, industrial machinery and powder metallurgy were classified separately as Industrial Machinery-related, while the petroleum business was transferred to Real Estate-related and renamed Energy and Real Estate-related.