Narrowing Down Unprofitable Categories, Regions and Product Lines
First written in FY2017-Q1. 4 of 9 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2021.
The whole theme swung hardest in 2018: 1 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Achieved".
- FY2021AchievedAnnual report
「BUFFALO EU B.V., formerly a consolidated subsidiary of the company, completed its liquidation as of 10 March 2021.」
Regarding the withdrawal from Europe, the company has reported the concrete completion of the process through the liquidation of its European sales subsidiary, following the previous stage of pursuing the withdrawal. - FY2021-Q3RestatedAnnual report
「In overseas markets, the company is proceeding with a complete withdrawal from Europe because a short-term market recovery cannot be expected due to the COVID-19 pandemic.」
The company continues to pursue its policy of completely withdrawing from Europe. No new stage of completion has been reported. - FY2021-Q2AdvancedAnnual report
「In overseas markets, the company is proceeding with a complete withdrawal from Europe because a short-term market recovery cannot be expected due to the COVID-19 pandemic.」
For the European PC peripherals business, the company has moved from resolving to liquidate its subsidiary to proceeding with a complete withdrawal from Europe. - FY2021-Q1AdvancedAnnual report
「BUFFALO EU B.V., a specified subsidiary of the company, sold PC peripherals as a subsidiary of the company's subsidiary BUFFALO CORPORATION, but the company resolved to liquidate it after taking into account its earnings performance and business environment.」
For the overseas PC peripherals business, the company resolved to liquidate its European sales subsidiary in light of its earnings performance and business environment. The previous efforts to narrow its regional and product-line focus have progressed to the concrete reorganization of a legal entity. - FY2020-Q2RestatedAnnual report
「In terms of sales, home-use products saw higher sales of the "Ryusui Men" line, which consists of convenient products that can be eaten easily without boiling, simply by loosening them under running water. We also stepped up sales of the "Hon Udon" and "Hon Soba" lines, health-oriented products with zero salt and reduced carbohydrates. However, sales declined due in part to the impact of weather and a review of unprofitable products.」
In the food business, the company continued reviewing unprofitable products while stepping up sales of Ryusui Men and health-oriented products. - FY2020-Q1RestatedAnnual report
「In terms of revenue, sales of the household product “Ryusui Men,” a convenient product that can be easily eaten without boiling by simply loosening it under running water, increased. The company also strengthened sales of the “Hon Udon” and “Hon Soba” healthy product series, which contain zero salt and reduced carbohydrates, but revenue declined partly because of a review of unprofitable products.」
The company stated that it was also reviewing unprofitable products in its food business, continuing its policy of narrowing its product and category lineup. - FY2017-Q3AdvancedAnnual report
「As a result of narrowing the product lineup, primarily for NAS products, in North America, Central and South America, revenue from external customers was ¥1,915 million, down 22.2% year on year, and segment profit (operating profit) was ¥84 million, compared with a segment loss (operating loss) of ¥157 million in the same period of the previous year. In Europe, as a result of narrowing the product lineup, primarily for NAS products, revenue from external customers was ¥1,664 million, down 10.3%, and segment profit (operating profit) was ¥9 million, compared with a segment loss (operating loss) of ¥117 million in the same period of the previous year. In Asia, as a result of narrowing distribution channels and the product lineup, primarily for NAS products, revenue from external customers was ¥108 million, down 81.4%, and the segment loss (operating loss) was ¥44 million, compared with a segment loss (operating loss) of ¥66 million in the same period of the previous year.」
The company continues to narrow its product lineup and distribution channels, stating that Europe also moved from a loss to a profit following North America, Central and South America, while the loss in Asia narrowed from the same period of the previous year. - FY2017-Q2AdvancedAnnual report
「As a result of narrowing the product lineup, primarily for NAS products, in North America, Central and South America, revenue was ¥1,158 million, down 32.1% year on year, and segment profit (operating profit) was ¥73 million, compared with a segment loss (operating loss) of ¥82 million in the same period of the previous year. In Europe, as a result of narrowing the product lineup, primarily for NAS products, revenue was ¥890 million, down 22.1%, and the segment loss (operating loss) was ¥16 million, compared with a segment loss (operating loss) of ¥112 million in the same period of the previous year. In Asia, as a result of narrowing distribution channels and the product lineup, primarily for NAS products, revenue was ¥11,102 million, down 24.1%, and the segment loss (operating loss) was ¥35 million, compared with a segment loss (operating loss) of ¥51 million in the same period of the previous year.」
The company continues to narrow its regional and product lineups, stating that North America, Central and South America moved from a loss to a profit, while losses in Europe and Asia also narrowed. - FY2017-Q1First statedAnnual report
「In the peripheral equipment business, network products outperformed the previous year by maintaining their top market share and strengthening sales of high-value-added products despite continued weakness in personal consumption. However, sales of other products fell below the previous year’s level because of the shrinking market and the discontinuation of unprofitable categories in Japan and overseas.」
The company stated that, in addition to discontinuing unprofitable categories, it had narrowed its product lineup in North America, Central and South America, and Europe, and narrowed the countries in Asia targeted for sales efforts.