Sale of Canadian Plant and Transition to a Fabless Model
First written in FY2016. 4 of 6 entries say "Cited as achieved", first in FY2017-Q2. Latest entry: FY2018.
No other company in this theme has enough history to compare yet.
- FY2018Cited as achievedAnnual report
「Because all shares in BIG FOOT MANUFACTURING INC., which comprised the North American segment, were transferred in July 2016 and the company was consequently excluded from the scope of consolidation, there were no applicable matters for the North American segment in the current consolidated fiscal year.」
The company recorded the transfer of all shares in BFM, which owned the Canadian factory, and the exclusion of the North American segment from consolidation as achievements in its business restructuring. - FY2018-Q3Cited as achievedAnnual report
「Because all shares held in BIG FOOT MANUFACTURING INC., which comprised the North American segment, were transferred in July 2016, the North American segment has been excluded from the scope of consolidation.」
The company again recorded, as a past achievement, the transfer of all shares in BFM, which owned the Canadian factory, and the exclusion of the North American segment from consolidation. - FY2017-Q3Cited as achievedAnnual report
「To increase flexibility in materials procurement and concentrate management resources on its strengths, marketing and product development, the company adopted a fabless policy (having no factories) for its Canadian consolidated subsidiary BIG FOOT MANUFACTURING INC. (BFM). In July 2016, it completed the transfer of all shares to BAYWEST HOLDINGS LIMITED (BAYWEST).」
The company again recorded, as part of its current business status, the completion of the transfer of all shares in BFM, which owned the Canadian factory, and the transition to a fabless model. - FY2017-Q2Cited as achievedAnnual report
「To increase flexibility in materials procurement and concentrate management resources on its strengths, marketing and product development, the company adopted a fabless policy (having no factories) for its Canadian consolidated subsidiary BIG FOOT MANUFACTURING INC. (BFM). On 6 July 2016 (Canadian time), it completed the transfer of all shares to BAYWEST HOLDINGS LIMITED (BAYWEST).」
The company again recorded, as a business achievement, the completion of the transfer of all shares in BFM, which owned the Canadian factory, and the transition to a fabless model. - FY2017-Q1AchievedAnnual report
「To increase flexibility in materials procurement and concentrate management resources on its strengths, marketing and product development, the company adopted a fabless policy (having no factories) for its Canadian consolidated subsidiary BFM. Under a share transfer agreement signed on 5 April 2016, it completed the transfer of all shares to BAYWEST on 6 July 2016 (Canadian time).」
The transfer of all 7,500,000 BFM shares for a transfer price of C$6,412,000 was completed, and the company transitioned to a fabless model. It plans to continue trading in housing-kit materials after the transfer. - FY2016First statedAnnual report
「The company adopted a policy of transitioning to a fabless model (having no factories) to increase flexibility in materials procurement and concentrate management resources on its strengths, marketing and product development. It therefore decided to transfer all shares in BFM, which it owned.」
The company entered into an agreement to transfer all shares of BIG FOOT MANUFACTURING INC. for C$6,412,000. It plans to continue doing business with the company for the time being after the sale.