Reviewing the Earnings Base, Including the Restructuring or Withdrawal from Unprofitable Businesses
First written in FY2017. 2 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2023-Q3.
2 other companies' latest entry also says "Other".
- FY2023-Q3Amount of business restructuring loss disclosedAnnual report
「In connection with the reorganization of part of the Aircraft Equipment business at Shimadzu Precision Instruments, Inc., an overseas consolidated subsidiary, costs related to the disposal of assets associated with the business being reorganized were recorded as an extraordinary loss.」
The company disclosed a business reorganization loss of ¥618 million for the cumulative third quarter, relating to asset disposal costs associated with the partial reorganization of the aircraft equipment business. - FY2023-Q2AdvancedAnnual report
「In connection with the reorganization of part of the Aircraft Equipment business at Shimadzu Precision Instruments, Inc., an overseas consolidated subsidiary, costs related to the disposal of assets associated with the business being reorganized were recorded as an extraordinary loss.」
The review of unprofitable businesses and product models has taken concrete shape, with part of the Aircraft Equipment business being reorganized and disposal costs for the relevant assets recorded as a loss on business reorganization. - FY2020AdvancedAnnual report
「Although the planned withdrawal from some models is already underway, the Group will accelerate this effort and review its business portfolio by distinguishing between businesses to expand, develop and withdraw, based on new management indicators.」
Regarding the review of unprofitable businesses and models, the company has already begun withdrawing from some models, and has indicated that it will accelerate this process and review its portfolio based on new management metrics. - FY2017First statedAnnual report
「For unprofitable businesses, we will move quickly to review them, including turnaround or exit, in order to strengthen the earnings base of each business.」
First presentation of the specific business-portfolio reform measure of rapidly reviewing unprofitable businesses, including turnaround or exit.