Shift in financial strategy from prioritizing sales and profit amounts to prioritizing asset and capital efficiency
First written in FY2023-Q1. 5 of 7 entries say "Advanced", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2026: 4 of 43 companies on the "Worse" side.
35 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the publishing and education segment, we decided to transfer these shares in order to concentrate management resources on the publishing business, our core business, and improve capital efficiency across the Group.」
The financial strategy focused on asset and capital efficiency progressed into a specific review of the asset portfolio, including the transfer of Vogue Gakuen and the concentration of management resources on the publishing business. - FY2024-Q3AdvancedAnnual report
「Through the transfer of the fixed asset, the Company expects to record, in the consolidated fourth-quarter accounting period of the fiscal year ended June 2024, approximately ¥100 million in gain on sale of fixed assets and approximately ¥29 million in reversal of asset retirement obligations, for a total of approximately ¥129 million in extraordinary gains.」
The Company entered into an agreement to transfer Nagakute Building to improve asset efficiency and strengthen its financial structure, and expects to record an extraordinary gain of approximately ¥129 million in the fourth quarter of the fiscal year ending June 2024. - FY2024-Q1RestatedAnnual report
「As part of strengthening the management structure, the Company is continuing operations focused on asset efficiency and further optimizing expenses through greater operating efficiency as it restructures the business to establish a consistently profitable operating base.」
The Company continues to pursue asset efficiency and optimize expenses through greater operating efficiency to establish a consistently profitable operating base. - FY2023AdvancedAnnual report
「The Company will continue operations focused on asset efficiency, including flexible transfers of store inventory between locations, and will further optimize expenses through greater operating efficiency.」
The financial strategy focused on asset and capital efficiency was translated into inter-store transfers of store inventory, a review of selling, general and administrative expenses, and cost optimization through greater operating efficiency. - FY2023-Q1First statedAnnual report
「Financial strategy focused on pursuing asset and capital efficiency rather than prioritizing the amount of sales and profit」
As a specific direction for strengthening the management structure under the new medium-term management plan, the Company stated for the first time that it would shift from prioritizing the amount of sales and profit to pursuing asset and capital efficiency.