Improving profitability by withdrawing from loss-making businesses
First written in FY2019-Q3. 1 of 4 entries say "Cited as achieved", first in FY2020-Q1. Latest entry: FY2021.
2 other companies' latest entry also says "Other".
- FY2021Service TerminationsAnnual report
「The Daywork app for part-time jobs during spare time was discontinued in April 2021 because the existing customer and staff bases, which had initially been expected to be utilized, could not be used.」
The Company decided to discontinue Daywork, one of its new services, because it could not utilize its existing customer and staff bases. - FY2020-Q2Losses on withdrawal from businesses recordedAnnual report
「Although existing businesses expanded, profit declined because the Company recorded losses on the withdrawal from loss-making businesses and made upfront investments in the HRTech field.」
The Company recorded losses related to the withdrawal from loss-making businesses carried out in the previous fiscal year, resulting in a segment loss of ¥88 million in the other businesses. - FY2020-Q1Cited as achievedAnnual report
「Although profit increased due to the expansion of the childcare worker staffing and recruitment businesses and the benefit from withdrawing from loss-making businesses in the previous fiscal year, profit declined because the Company made upfront investments in the HRTech field to develop new business areas.」
The withdrawal from loss-making businesses carried out in the previous fiscal year is cited as a past factor behind the increase in profit. Meanwhile, the other businesses recorded lower profit due to upfront investments in the HRTech field. - FY2019-Q3First statedAnnual report
「Profit increased as a result of the expansion of the ALT staffing and childcare worker staffing and recruitment businesses, as well as the withdrawal from loss-making businesses.」
In its other businesses, the Company identified withdrawal from loss-making businesses as a means of improving profitability for the first time.