Selective focus through the transfer of the Information Systems Business
First written in FY2018-Q1. 2 of 6 entries say "Restated". Latest entry: FY2020-Q3.
No other company in this theme has enough history to compare yet.
- FY2020-Q3Zero sales after the transferAnnual report
「Sales to external customers 11,649,648 5,665,501 17,315,149 － 17,315,149」
In the segment information, sales to external customers from the Information Systems Business, which had been classified under “Other,” were zero for the cumulative third quarter, indicating that no sales remained after the transfer. - FY2019Sharp decline in sales after the transferAnnual report
「Sales of ¥11 million were recognized in the previous fiscal year’s transferred Information Systems Business, down 92.3% year on year.」
Following the transfer of the Information Systems Business, related sales declined by 92.3% year on year, and the impact of the transfer is reflected in full-year results. - FY2019-Q3RestatedAnnual report
「Due to the transfer of the Information Systems Business in the previous fiscal year, sales fell 92.5% year on year to ¥11 million.」
Following the transfer of the Information Systems Business, sales related to the business fell 92.5% year on year, and the impact of the transfer is reflected in segment performance. - FY2018-Q3RestatedAnnual report
「Although the Information Equipment Systems business was transferred during the second quarter of the current consolidated fiscal period, sales from orders received before the transfer were also recognized during the third quarter of the current consolidated fiscal period.」
It has been reconfirmed that sales from orders and other business received before the transfer will be recognized in the third quarter even after completion of the transfer of the Information Systems Business. - FY2018-Q2AchievedAnnual report
「The transfer of the Information Systems Business to ODAWARA AUTO-MACHINE MFG.CO.,LTD. was completed effective 30 September 2017. However, sales will be recognized during the current fiscal year for some projects that were in progress or for which purchase orders had already been received as of the end of the second quarter of the current fiscal year.」
The transfer of the Information Systems Business to ODAWARA AUTO-MACHINE MFG.CO.,LTD. was completed effective 30 September 2017. Some projects in progress or already ordered will continue to generate recognized sales during the current fiscal year. - FY2018-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 7 July 2017, the company resolved to enter into a business transfer agreement with ODAWARA AUTO-MACHINE MFG.CO.,LTD. concerning its Information Equipment Systems business segment, and entered into the agreement on the same date.」
With the aim of focusing on selected businesses, the company signed an agreement on 7 July 2017 to transfer the Information Systems Business to ODAWARA AUTO-MACHINE MFG.CO.,LTD. The transfer was scheduled to take effect on 30 September 2017, with the aim of concentrating management resources on the Capacitor Module Business and Power Equipment Systems Business, strengthening product capabilities and achieving sustained growth. The business being transferred had sales of ¥452 million and operating income of ¥85 million in the fiscal year ended March 2017.