Withdrawal from and downsizing of certain overseas locations to improve profitability
First written in FY2019-Q3. 4 of 5 entries say "Advanced", first in FY2019. Latest entry: FY2020.
The whole theme swung hardest in 2026: 2 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- FY2020AdvancedAnnual report
「Selling, general and administrative expenses were ¥5,595 million, down 16.2% from the previous consolidated fiscal year. The main reasons for the decrease were lower costs resulting from the withdrawal from certain unprofitable overseas operations and lower amortisation of goodwill that had been impaired at the end of the previous consolidated fiscal year.」
The withdrawal from certain unprofitable operations was reflected in full-year results as lower costs, while the selection and downsizing of overseas operations progressed. - FY2020-Q2AdvancedAnnual report
「Since March 2020, in domestic and overseas businesses, the impact of COVID-19 has resulted in cancellations of orders and customers’ use of products, as well as lost opportunities to acquire new customers. In addition, the Group proceeded with further liquidations of companies that were difficult to monetise in the short term.」
The selection of operations and subsidiaries to achieve profitability progressed to the stage of carrying out additional liquidations of companies where achieving profitability in the short term is difficult. - FY2020-Q1AdvancedAnnual report
「At the same time, the Group proceeded with the sale or liquidation of domestic subsidiaries in new businesses and overseas subsidiaries that it determined would be difficult to monetise in the short term.」
The selection of operations and subsidiaries to achieve profitability progressed to the stage of selling or liquidating domestic and overseas subsidiaries where achieving profitability in the short term is difficult. - FY2019AdvancedAnnual report
「The Company decided to liquidate at an early stage each operation, including the Turkish and Australian subsidiaries, where achieving profitability in the short term is difficult」
Specific progress was reported on the withdrawal from and downsizing of overseas operations to achieve profitability, including the decision to liquidate the Turkish and Australian subsidiaries at an early stage. - FY2019-Q3First statedAnnual report
「The Company is pursuing initiatives including withdrawing from and downsizing certain operations to achieve profitability」
As a measure to achieve profitability in the overseas business, the Company first explicitly stated that it was pursuing the withdrawal from and downsizing of certain operations.