Exclusion of China and Asian Emerging Markets from the Strategic Market Policy and the Establishment of a Long-Term Foundation
First written in FY2017-Q1. 2 of 5 entries say "Restated". Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020ReframedAnnual report
「The company has previously focused on Japan and North America as priority markets, but will expand products for younger consumers and increase e-commerce sales to put the Asian market, particularly China, which is expected to drive future growth, back on a growth trajectory.」
China and Asia, previously excluded from the short- to medium-term strategic markets, have once again been repositioned as priority regions for returning to a growth trajectory. - FY2018DroppedAnnual report
「During the latter three-year period, from the fiscal year ending March 2017 through the fiscal year ending March 2019, we have focused on the following 4 areas to overcome the management challenges facing the company.」
The management strategy for the current fiscal year was organized around 4 priorities: strengthening the company's fundamentals and manufacturing capabilities, growth investment and marketing, selection and concentration, and strengthening human resources. Building a long-term foundation in China and emerging Asian countries was not included. - FY2017-Q3RestatedAnnual report
「Nevertheless, we recognize that these are markets that will return to a growth trajectory over the long term, and will work to build a foundation from a long-term perspective.」
The company reiterated its policy of excluding China and emerging Asian countries from its short- to medium-term strategic markets and positioning them instead for long-term foundation building. - FY2017-Q2RestatedAnnual report
「When this medium-term management plan was initially formulated, one of the management policies was to “position China and emerging Asian countries as strategic markets, pursue sales growth and greater efficiency simultaneously, and accelerate profit growth.” However, the external environment changed significantly during the previous three fiscal years, from the fiscal year ended March 2014 through the fiscal year ended March 2016, and the growth initially anticipated could no longer be expected, so this policy was removed from the management policies. Nevertheless, we recognize that these are markets that will return to a growth trajectory over the long term, and will work to build a foundation from a long-term perspective.」
The company reiterated its policy of excluding China and emerging Asian countries from its short- to medium-term strategic markets and positioning them instead for long-term foundation building. - FY2017-Q1First statedAnnual report
「When this medium-term management plan was initially formulated, one of the management policies was to “position China and emerging Asian countries as strategic markets, pursue sales growth and greater efficiency simultaneously, and accelerate profit growth.” However, the external environment changed significantly during the previous three fiscal years, from the fiscal year ended March 2014 through the fiscal year ended March 2016, and the growth initially anticipated could no longer be expected, so this policy was removed from the management policies. Nevertheless, we recognize that these are markets that will return to a growth trajectory over the long term, and will work to build a foundation from a long-term perspective.」
The company removed its initial policy of treating China and emerging Asian countries as short- to medium-term strategic markets and changed their positioning to focus on building a long-term foundation.