Maximizing Synergies Across Group Companies and Expanding Market Share
First written in FY2016. 8 of 11 entries say "Advanced", first in FY2019. Latest entry: FY2025.
90 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「At "SUIT SELECT," new products from the collaboration with Samantha Thavasa Japan Limited (hereinafter, "STJ"), including women's suits, blouses and bags, were well received by customers shopping for freshers.」
The company expanded collaboration between STJ and SUIT SELECT from women's suits to blouses, bags and other products, giving concrete form to joint product offerings. - FY2025-H1AdvancedAnnual report
「At “SUIT SELECT,” new coordinating items such as blouses, pumps and bags, in addition to women’s suits from the “SUIT SELECT×Samantha Thavasa” collaboration project with Samantha Thavasa Japan Limited, were well received by young customers entering the workforce.」
The company expanded collaboration among group companies from women's suits to the development of coordinated apparel and accessory products. - FY2024AdvancedAnnual report
「In addition, using the conversion of Samantha Thavasa Japan Limited into a wholly owned subsidiary as an opportunity, we will promote faster decision-making and further strengthen the supply chain, while working to improve efficiency and earnings capacity across the group.」
Using the conversion of STJ into a wholly owned subsidiary as an opportunity, the company is expanding synergy initiatives to include faster decision-making, a stronger supply chain, greater group-wide efficiency and improved earnings capacity. - FY2024-Q2AdvancedAnnual report
「On the other hand, making STJ a wholly owned subsidiary will eliminate concerns regarding conflicts of interest with its minority shareholders. This will enable fundamental business-structure reforms that contribute to improving STJ's earnings capacity, including more efficient use of funds, inventory and personnel through the shared use of Konaka's resources and expertise under faster and more efficient decision-making.」
Through making STJ a wholly owned subsidiary, the company has specified the scope of group synergies, including eliminating conflicts of interest with minority shareholders, speeding up decision-making, sharing Konaka's resources and expertise, and improving the efficiency of funds, inventory and personnel management. - FY2022RestatedAnnual report
「Within the group, we will make every effort to improve and stabilize performance by building a complementary and well-balanced portfolio with Samantha Thavasa Japan Limited, whose product offerings and customer demographics, including gender and age, differ from ours.」
The company continues to pursue a complementary and well-balanced group portfolio by leveraging differences in products and customer demographics between the company and Samantha Thavasa. - FY2021AdvancedAnnual report
「In preparation for the materialization of downside economic risks, we will conduct a further review of our cost structure, make effective use of surplus space in stores and reposition store locations. We will also realize synergies with Samantha Thavasa Japan Limited not only through joint product development but also through cost reductions.」
The company has indicated a policy of expanding synergies with Samantha Thavasa beyond joint product development to include cost reductions. - FY2021-Q2AdvancedAnnual report
「The company's consolidated subsidiary, Samantha Thavasa Japan Limited, jointly developed the "Ultimate Women's Suit" and "Invincible Bag" with "SUIT SELECT." Launched in January, these products have been well received」
The company launched jointly developed products from Samantha Thavasa and SUIT SELECT, establishing concrete product collaboration among group companies. - FY2020AdvancedAnnual report
「The merger was completed effective 21 July 2020.」
To create group synergies and improve the efficiency of management resources, the company merged Fit House and Samantha Thavasa and made Samantha Thavasa a consolidated subsidiary. - FY2020-Q1AchievedAnnual report
「Effective 1 January 2020, we completed an absorption-type merger in which the Company was the surviving company and 株式会社フタタ was the absorbed company.」
The planned absorption of フタタ announced in the previous period was completed effective 1 January 2020. The merger was intended to strengthen the sales structure and improve the efficiency of administrative operations, decision-making, cash flow and management resources. - FY2019AdvancedAnnual report
「By absorbing 株式会社フタタ on 1 January 2020, we will also work to improve the efficiency of operations and management resources in the men’s apparel business.」
Regarding synergies among Group companies and management efficiency, the company presented a specific plan to absorb フタタ on 1 January 2020. The merger is intended to improve the efficiency of the sales structure, administrative operations, decision-making, cash flow and management resources. - FY2016First statedAnnual report
「The Group’s Fashion business mainly comprises 3 companies, ㈱コナカ, ㈱フタタ and ㈱フィットハウス. Their regional characteristics and core customer segments do not overlap. Going forward, we will take an aggressive approach in each area to maximize synergies across the Group, build strong competitiveness that continues to win customer choice, and actively pursue market-share expansion.」
The company has presented a policy of maximizing Group synergies, strengthening competitiveness and expanding market share, based on the differences in the regional characteristics and customer segments of コナカ, フタタ and フィットハウス.