Focusing on Core Businesses and Repaying Interest-Bearing Debt Through the Disposal of Non-Core Assets
First written in FY2017-Q3. 3 of 6 entries say "Restated". Latest entry: FY2021.
0 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The Group will further promote asset streamlining and strengthen its financial position by implementing the above policies, with targets for the fiscal year ending March 2022, the final year of the 14th Medium-Term Management Plan, of consolidated net sales of ¥60–65 billion, a consolidated operating income margin of 5–7%, and ROE of 7–9%.」
Asset streamlining and improvement of the financial position remain measures under the 14th Medium-Term Management Plan. - FY2020ReframedAnnual report
「The Group will further promote asset streamlining and strengthen its financial position by implementing the above policies, with targets for the fiscal year ending March 2022, the final year of the 14th Medium-Term Management Plan, of consolidated net sales of ¥60–65 billion, a consolidated operating income margin of 5–7%, and ROE of 7–9%.」
The framework of the measures has been broadened from the previous disposal of non-core assets and repayment of interest-bearing debt to strengthening the financial position under the 14th Medium-Term Management Plan, including asset streamlining. - FY2019RestatedAnnual report
「The 13th Medium-Term Management Plan set targets of consolidated net sales of ¥55 billion and a consolidated ordinary income margin of 8%. Looking back over the three-year period, despite the sale of the real estate leasing business, the Group achieved consolidated net sales of ¥53.6 billion, up 4.4% year on year, by promoting sales expansion for new domestic products and in new fields and expanding overseas sales in line with growth in Asia.」
The Group reconfirmed its focus on core businesses following the sale of the real estate leasing business in its review of the 13th Medium-Term Management Plan. - FY2018-Q3RestatedAnnual report
「The real estate leasing business ended upon the transfer of ownership on 28 February 2017 and was excluded from the reportable segments from the first quarter of the consolidated fiscal year.」
The Group has again stated that the real estate leasing business ended and was excluded from the reportable segments, reconfirming its focus on core businesses and the completed disposal of non-core assets. - FY2018-Q2AchievedAnnual report
「The real estate leasing business ended upon the transfer of ownership on 28 February 2017 and was excluded from the reportable segments from the first quarter of the consolidated fiscal year.」
The disposal of non-core assets was completed, and the real estate leasing business ended and was excluded from the reportable segments. - FY2017-Q3First statedAnnual report
「The disposal was undertaken to concentrate management resources on the manufacture of automotive parts and other products, the Group's core business, to advance the disposal of non-core assets and achieve further earnings improvement, and to use the proceeds from such disposals to repay interest-bearing debt and otherwise improve the Group's financial position.」
The Group decided to dispose of business real estate held for lease, with delivery scheduled for 28 February 2017. The loss impact from the disposal and related measures on the year-end of the consolidated fiscal year is expected to be ¥2,665 million, and the real estate leasing business segment is expected to cease to exist from the following consolidated fiscal year onward.