Deteriorating performance due to delays in launching the new Sales Division structure
First written in FY2018-Q1. 2 of 4 entries say "Restated". Latest entry: FY2019-Q2.
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- FY2019-Q2MitigatedAnnual report
「During the second quarter, the effects of the major overhaul of the Sales Division structure implemented as a reform became more pronounced than in the first quarter, and progress was almost in line with plan as employee development advanced.」
Regarding the impact on performance from the new Sales Division structure’s failure to function adequately, the company explained that progress was almost in line with plan as the effects of the restructuring and progress in employee development took hold. - FY2018-Q3RestatedAnnual report
「Although the business is still in the process of recovering, the introduction of the Premium 50 sales promotion program from the third quarter has increased the acquisition of sales programs over the next 3 years, and we expect this to contribute to performance going forward.」
Household equipment products remain on the road to recovery, and the effects of the review of the Sales Division structure remain, while the company continues to explain that it expects a recovery driven by Premium 50. - FY2018-Q2RestatedAnnual report
「As a result, during the first half of the fiscal year on a consolidated basis, performance was affected by the new structure’s failure to function adequately, particularly in the first quarter.」
The company reiterated that the new Sales Division structure did not function adequately, particularly in the first quarter, affecting cumulative performance. - FY2018-Q1MaterialisedAnnual report
「As a result, the new structure was unable to function adequately during the first quarter, significantly affecting performance. Although some after-effects will remain through the second quarter, the organisation is expected to gradually become fully operational.」
The new structure of the Sales Division did not function adequately in the first quarter, affecting performance, and the company indicated that the after-effects could continue through the second quarter.