Business Restructuring Risks, Including Withdrawal from Unprofitable Businesses and Reorganization of Affiliated Companies
First written in FY2016. 10 of 11 entries say "Materialised", first in FY2017. Latest entry: FY2024-Q3.
Janome moved to the "Worse" side of this theme in 2017, 1 year before the typical company in this theme (2018).
The whole theme swung hardest in 2017: 6 of 14 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2024-Q3MaterialisedAnnual report
「A special retirement allowance was recognised in connection with the closure of the Kansai Plant of the Company’s consolidated subsidiary, 株式会社ジャノメダイカスト.」
A special retirement allowance of ¥56 million was recognised in connection with the closure of 株式会社ジャノメダイカスト’s Kansai Plant, resulting in a financial impact from the business restructuring. - FY2024-Q2MaterialisedAnnual report
「Business restructuring expenses — 216」
Business restructuring expenses of ¥216 million were recognised as non-operating expenses in the current second quarter cumulative period, and costs associated with the business restructuring continued to arise. - FY2024-Q1MaterialisedAnnual report
「Business restructuring expenses — 114」
Business restructuring expenses of ¥114 million were recognised as non-operating expenses in the current first quarter cumulative period. No such expenses were recognised in the first quarter of the previous fiscal year. - FY2023MaterialisedAnnual report
「As the Board of Directors resolved at its meeting held on 30 September 2022 to withdraw from the door-to-door sales business in Japan’s sewing machine market, the carrying amount of the store was written down to its recoverable amount, and the resulting reduction was recognised as a business restructuring loss under extraordinary losses.」
The Board of Directors resolved to withdraw from the door-to-door sales business in Japan’s sewing machine market, resulting in a write-down of store assets and recognition of a business restructuring loss. - FY2023-Q3MaterialisedAnnual report
「Impairment losses on real estate at directly operated branch stores and special retirement payments were recognized in connection with the withdrawal from the door-to-door sales business.」
Impairment losses on real estate, special retirement allowances and other costs associated with the withdrawal from the door-to-door sales business were recognised as business restructuring losses, and the financial impact of the business restructuring has continued. - FY2023-Q2MaterialisedAnnual report
「In addition, we recognised a business restructuring loss in connection with our withdrawal from the door-to-door sales business in Japan.」
The Company withdrew from its door-to-door sales business in Japan and recognised a business restructuring loss. - FY2022MaterialisedAnnual report
「As these business assets are expected to become idle following the reorganisation of domestic branches and other measures, their carrying amounts have been written down to their recoverable amounts.」
Business assets in Osaka City became idle following the reorganisation of domestic branches and other measures, resulting in impairment losses of ¥28 million on land and ¥5 million on buildings and other assets. - FY2020MaterialisedAnnual report
「These business assets became idle following the reorganisation of domestic branches and other measures, and their carrying amounts have been written down to their recoverable amounts.」
Idle assets continued to arise in connection with the reorganisation of domestic branches, and an impairment loss of ¥43 million was recognised on land in Utsunomiya City. - FY2018MaterialisedAnnual report
「Certain business assets became idle following the reorganisation of domestic branches and other measures, and their carrying amounts have been written down to their recoverable amounts.」
Idle assets and an impairment loss of ¥52 million arose in connection with the reorganisation of domestic branches and other measures, and the related financial impact of the business restructuring was disclosed. - FY2017MaterialisedAnnual report
「Certain business assets in Utsunomiya City became idle following the reorganisation of domestic branches and other measures, and their carrying amounts have been written down to their recoverable amounts.」
Idle assets and impairment losses arose in connection with the reorganisation of domestic branches and other measures, and the related financial impact of the business restructuring was disclosed. - FY2016First statedAnnual report
「The Group may undertake business restructuring, including withdrawal from unprofitable businesses and the reorganisation of affiliates. Such restructuring may affect the Group’s operating results and financial position.」
The possibility of business restructuring and its resulting impact on operating results and financial position are identified as risks.