Withdrawal from the wedding ceremony business and concentration of management resources on photo weddings
First written in FY2021-Q3. 5 of 6 entries say "Cited as achieved", first in FY2022-Q1. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023Cited as achievedAnnual report
「The wedding ceremony business was transferred in November 2020.」
It again presents the transfer of the wedding ceremony business as a past change in the business portfolio. - FY2022Cited as achievedAnnual report
「The group transferred its wedding ceremony business in November 2020. Accordingly, it classified the wedding ceremony business as a discontinued business in the previous consolidated fiscal year.」
It continues to position the transfer of the wedding ceremony business in November 2020 as a discontinued business from the past. - FY2022-Q3Cited as achievedAnnual report
「After absorbing a ¥59 million decline in quarterly profit from the discontinued business recognized in the same period of the previous year, namely the wedding ceremony business transferred in November 2020, quarterly profit increased ¥278 million year on year to ¥820 million, up 51.3%.」
It continues to treat the wedding ceremony business transferred in November 2020 as a discontinued business from the previous year. - FY2022-Q2Cited as achievedAnnual report
「After absorbing a ¥54 million decline in quarterly profit from the discontinued business recognized in the same period of the previous year, namely the wedding ceremony business transferred in November 2020, quarterly profit increased ¥209 million year on year to ¥592 million, up 54.7%.」
It continues to treat the wedding ceremony business transferred in November 2020 as a discontinued business from the previous year. - FY2022-Q1Cited as achievedAnnual report
「Discontinued business (the wedding ceremony business transferred in November 2020)」
It again explicitly identifies the wedding ceremony business transferred in November 2020 as a discontinued business from the past. - FY2021-Q3First statedAnnual report
「Against this business environment, on 30 November 2020 the group transferred its wedding ceremony business, comprising Japanese-style wedding services and costume rental services, thereby moving away from its existing wedding ceremony and reception business and establishing a structure to invest more management resources in photo wedding services, its core business format with strong market prospects and profitability.」
It explains that the business focus shifted away from the existing wedding ceremony and reception business toward its core photo wedding business.