Refocusing Overseas Operations (Scaling Back in New Zealand and Exiting China)
First written in FY2020. 1 of 2 entries say "Advanced", first in FY2022. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022AdvancedAnnual report
「Gulliver International New Zealand Co.,Ltd., which was an equity-method affiliate in the previous consolidated fiscal year, was excluded from the scope of equity-method accounting following the completion of its liquidation during the fiscal year under review.」
The liquidation of the New Zealand business was completed, and it was excluded from the scope of equity-method accounting. The downsizing and strategic refocusing of the New Zealand business progressed to the liquidation-completion stage. - FY2020First statedAnnual report
「Under a management policy of making investment and withdrawal decisions with an emphasis on capital efficiency and establishing a foundation for the next stage of growth, we closed certain directly operated stores, reviewed the introduction of business systems, downsized the New Zealand business, and withdrew from the Chinese business, which had been under consideration for full-scale expansion.」
The execution of the strategy of focusing and selecting overseas operations, including downsizing the New Zealand business and withdrawing from China, was comprehensively documented for the first time.