Business Structure Reform Beyond Conventional Thinking
First written in FY2017-Q2. 6 of 11 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2025.
12 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「During the third quarter of the current fiscal year, the Company decided to discontinue the commercialisation of Plastic Optical Fiber and Cable and recorded an impairment loss and other costs of ¥2,690 million.」
As part of its business structural reforms, the Company decided to discontinue the commercialisation of Plastic Optical Fiber and Cable and recorded an impairment loss and other costs. - FY2024-Q3Confirmation of profit recognition and exclusion from consolidation following the transferAnnual report
「On 24 October 2022, the Company entered into an agreement to transfer part of the Transportation business belonging to the Industrial Tape business segment to PARKER CORPORATION, and completed the transfer on 3 April 2023. The resulting gain on transfer of ¥614 million was recorded in Other Income in the condensed quarterly consolidated income statement.」
The Company disclosed that, following completion of the partial transfer of the Transportation business on 3 April 2023, it recorded a gain on transfer of ¥614 million and excluded the related company from the scope of consolidation. - FY2023AchievedAnnual report
「On 3 April 2023, the Group completed the transfer of shares in part of the Transportation business belonging to the Industrial Tape business segment to PARKER CORPORATION.」
The partial transfer of the Transportation business proceeded from the decision and agreement in fiscal 2022 to completion on 3 April 2023. - FY2023-Q3Recognition of an impairment loss on the disposal group following the decision to transferAnnual report
「As part of its structural reforms, the Company decided to transfer part of the Transportation business belonging to the Industrial Tape business segment. Following this decision, an impairment loss was recognised because the carrying amount of the disposal group, including property, plant and equipment, exceeded its fair value less costs of disposal.」
In connection with the partial transfer of the Transportation business, the disposal group was classified as held for sale and an impairment loss was recognised. The financial impact of the structural reforms was recorded. - FY2023-Q2AdvancedAnnual report
「As part of its structural reforms, the Group decided to transfer part of the Transportation business belonging to the Industrial Tape business segment to PARKER CORPORATION. Accordingly, at the end of the second quarter of the current fiscal year, the disposal group belonging to the business was classified as held for sale. The agreement to transfer the equity interest in the business was signed on 24 October. The disposal group belonging to the business is scheduled to be sold within 1 year of the end of the second quarter.」
As a specific structural reform measure, the Company proceeded to decide on and sign an agreement to transfer part of the Transportation business to PARKER CORPORATION, and stated that the sale was scheduled to take place within 1 year. - FY2018AchievedAnnual report
「The transfer of the equity interest was completed on 9 May 2018.」
The transfer of the Suzhou, China flexible printed circuit board business to 日本メクトロン株式会社, against a backdrop of declining competitiveness, was completed. - FY2018-Q3AdvancedAnnual report
「The scale of production to serve the Chinese market was smaller than that of competitors, limiting cost reductions in a market where standardisation was accelerating, and reducing price competitiveness. Meanwhile, 日本メクトロン株式会社 sought to strengthen its competitiveness in the Chinese market. The parties agreed that transferring the subsidiary's business to 日本メクトロン株式会社 would maximise the value of the business.」
As part of its business structural reforms, the Company proceeded to make a specific decision to transfer its Suzhou, China flexible printed circuit board business, whose competitiveness had declined. - FY2018-Q1AdvancedAnnual report
「In automotive materials within the Transportation Business, the company continued improving productivity in structural materials, including by changing production sites, while expanding applications and markets for interior-pressure control materials for automotive electronics and tapes for wire harnesses, thereby improving profitability.」
As specific initiatives related to business structural reform, the Company described the transfer of Automotive Materials production sites, productivity improvements and the expansion of product applications and markets. - FY2017AdvancedAnnual report
「The Group, which will celebrate its 100th anniversary in October 2018, launched the 3-year medium-term management plan Jitsugen-2019 in fiscal 2017, aimed at achieving further growth beyond this centennial milestone, and will focus on the following 3 priorities: 1. Structural reform of existing businesses」
The Company positioned business structural reform as a priority of the 3-year medium-term management plan Jitsugen-2019 launched in fiscal 2017. - FY2017-Q3AdvancedAnnual report
「The ¥2,206 million adjustment to operating profit includes unallocated corporate profit and loss and additional early-retirement payments and other costs associated with structural reforms.」
Additional early-retirement payments and other costs associated with structural reforms were recorded in the adjustment to operating profit, disclosing specific costs incurred in connection with the reforms. - FY2017-Q2First statedAnnual report
「At the same time, we pursued business structural reforms unconstrained by conventional thinking.」
Alongside the transformation of its business portfolio, the Company stated for the first time that it was pursuing business structural reforms unconstrained by conventional thinking.