Transfer of OKI Brasil’s financial, retail and services businesses and transition to module supply
First written in FY2020-Q1. 2 of 4 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2021-Q1.
No other company in this theme has enough history to compare yet.
- FY2021-Q1AchievedAnnual report
「Transferred all shares in the newly established company on 9 April 2020.」
All shares of the newly established company formed through the company split of OKI Brasil's financial, retail and services businesses were transferred to NCR Brasil, completing the business transfer. For the overseas automated equipment business, the strategy of focusing on supplying modules to partners has completed its implementation phase. - FY2020-Q3AdvancedAnnual report
「The Company recorded ¥1.7 billion in business structure improvement expenses related to the transfer of the Brazilian subsidiary's business.」
The amount of business structure improvement expenses related to the transfer of the Brazilian subsidiary's business reached ¥1.7 billion, and structural reforms associated with the business transfer are continuing. - FY2020-Q2AdvancedAnnual report
「At the same time, we recorded ¥1.6 billion in business structure improvement expenses as an extraordinary loss in connection with the transfer of the Brazilian subsidiary's business.」
The Company recorded ¥1.6 billion in business structure improvement expenses related to the transfer of the Brazilian subsidiary's business, and the stage at which expenses related to the business transfer plan were incurred was disclosed. - FY2020-Q1First statedAnnual report
「OKI Brasil had been pursuing fundamental structural reforms to improve profitability, but in light of changes in the environment surrounding its business, we concluded that it would be difficult for the company to expand its business independently and achieve further improvements in profitability. In addition, since the previous fiscal year, we have been reviewing our strategy for expanding the overseas mechatronics systems business, with a focus on supplying modules to partners. Based on the above, after considering how to support the company's further development, we determined that transferring the business to the NCR Group, which has a long track record in the local market and is expected to generate synergies, would be the most appropriate course of action.」
The Company disclosed its policy of transferring OKI Brasil's financial, retail and services businesses to NCR Brasil following a company split. The transfer was scheduled for December 2019, after which the number of shares held was expected to be 0. Following completion of the transfer, the Company will focus on supplying modules to the Brazilian market.