Withdrawal or downsizing of unprofitable divisions and consolidation of operating sites
First written in FY2016. 2 of 3 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2017.
22 other companies' latest entry also says "Advanced".
- FY2017AdvancedAnnual report
「However, this was not enough to offset the decline caused by the contraction of the previously unprofitable events business and the downturn in Funassyi, Ted 2 and Minions, which had performed well in the previous fiscal year. Net sales were ¥1,671 million, down 17.5% year on year, and the operating loss was ¥48 million, compared with operating income of ¥3 million in the previous fiscal year.」
Explicitly identifies the contraction of the previously unprofitable events business in addition to the sales promotion division. - FY2017-Q3AdvancedAnnual report
「In the Character Entertainment business, established characters such as Doraemon and Kirby performed well, but net sales declined 8.2% year on year to ¥2,181 million due to the substantial downsizing of the sales promotion division, which had recorded net sales of ¥227 million in the same period of the previous year.」
Discloses a specific business contraction through the substantial downsizing of the sales promotion division. - FY2016First statedAnnual report
「Although we withdrew from or downsized unprofitable divisions and consolidated operating sites during the previous consolidated fiscal year, we implemented an early-retirement program in September 2015 as part of further structural reform, recognizing that the outlook remained challenging.」
Explicitly identifies structural reform combining business withdrawals, site restructuring and workforce adjustments.