Citizen Watch (7762) · InitiativeWorsened
Expansion of the hybrid smartwatch market through a partnership with Fossil Group
First written in FY2020-Q1. 1 of 2 entries say "Worsened", first in FY2020. Latest entry: FY2020.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Expansion of the hybrid smartwatch business through a partnership with Fossil GroupA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2020WorsenedAnnual report
「In the current consolidated fiscal year, the company recognized impairment losses on assets with no expected future use and assets of businesses whose profitability had deteriorated, reducing their carrying amounts to recoverable amounts. The reduction of ¥19,272 million was recorded as an impairment loss under extraordinary losses.」
Assets related to the hybrid smartwatch business became subject to impairment, and deterioration in performance emerged in the smartwatch-related initiatives. - FY2020-Q1First statedAnnual report
「The Company entered into a business partnership agreement with Fossil Group, Inc. to expand the hybrid smartwatch market globally.」
The Company entered into a business partnership agreement with Fossil Group, Inc. as a means of expanding the hybrid smartwatch market globally.