Developing and Expanding Distribution Channels for Own-Brand Products in the US
First written in FY2017-Q2. 3 of 9 entries say "Restated". Latest entry: FY2022.
People moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As the company has not prepared consolidated financial statements since the 45th fiscal year, it does not disclose trends in key management indicators and other information for the consolidated fiscal year relating to the 45th fiscal year.」
The annual securities report also confirms that the company has continued to prepare non-consolidated financial statements after excluding People Toy Company Inc. from consolidation. - FY2022-Q1ReframedAnnual report
「As announced in the notice dated 24 May 2021, “Transition to Non-Consolidated Financial Statements and Individual Performance Forecasts for the First Quarter of the Fiscal Year Ending January 2022,” the company has excluded People Toy Company Inc., formerly a consolidated subsidiary, from the scope of consolidation.」
In connection with the liquidation proceedings for People Toy Company Inc., the company excluded it from the scope of consolidation from the cumulative first-quarter period and transitioned to non-consolidated financial statements. - FY2021RestatedAnnual report
「The development and expansion of overseas sales channels for infant and toddler toys under the company’s own brand, which was the purpose of establishing the subsidiary, is continuing with the cooperation of a U.S. partner in order to achieve its objectives efficiently.」
The U.S. subsidiary is undergoing procedures toward completion of its liquidation, while the development and expansion of overseas sales channels for the company’s own brands, the purpose for which it was established, is continuing in cooperation with a U.S. partner. - FY2020ReframedAnnual report
「The development and expansion of overseas sales channels for infant and toddler toys under the company’s own brand, which was the purpose of establishing the subsidiary, will continue going forward with the cooperation of an appropriate partner in order to achieve its objectives efficiently.」
The company explicitly states that, even after the dissolution of its U.S. subsidiary, it will continue developing and expanding overseas sales channels for its own brands in cooperation with an appropriate partner. - FY2020-Q3ReframedAnnual report
「As performance at People Toy Company Inc., our wholly owned subsidiary, has remained sluggish and further time is expected to be needed to improve its performance, we have decided to discontinue the company as a legal entity and have begun proceedings for its dissolution. The development and expansion of overseas sales channels for infant and toddler toys under our own brand, which was the purpose of establishing the subsidiary, will continue going forward with the cooperation of an appropriate partner in order to achieve our objectives efficiently.」
The company states that its wholly owned U.S. subsidiary will proceed to dissolution and liquidation due to continued weak performance, while the development and expansion of overseas sales channels for its own brands, the purpose for which the subsidiary was established, will continue with the cooperation of an appropriate partner rather than through the subsidiary. - FY2019RestatedAnnual report
「In addition to developing new products that differentiate Magna-Tiles, the company will pursue further market development, including in China, based on its efforts to strengthen awareness of the People brand through its U.S. subsidiary, with the aim of establishing a stable outlook for its overseas business.」
The company continues to indicate its policy of pursuing further overseas market development, including in China, based on strengthened awareness of the People brand through its U.S. subsidiary. - FY2018AdvancedAnnual report
「At its U.S. subsidiary, the company worked to increase awareness of the People brand in line with its first-year plan. During the fiscal year, in addition to expanding sales through participation in trade shows across the United States and sales activities targeting retailers, it conducted experimental promotions to raise awareness among mothers in its target customer segment」
The company states that it conducted brand-awareness activities in line with its first-year plan, including exhibiting at trade shows across the United States, expanding sales to retailers, and promotions targeting mothers. - FY2017-Q3AdvancedAnnual report
「In overseas sales, although shipment value remains small, the company shipped a total of 19 items during the quarter, including two new product lines for its U.S. subsidiary: the “Brain Builders” series of infant and toddler toys and the “Mochi” series of rice toys, ahead of their full-scale launch in November.」
The company shipped two new product lines, totaling 19 items, for its U.S. subsidiary and reported concrete progress toward the full-scale launch in November. - FY2017-Q2First statedAnnual report
「Although the impact on performance is not expected for some time, during the second quarter the company established a wholly owned subsidiary in the United States to develop and expand sales channels there for infant and toddler toys under the People brand.」
The company states that it established a wholly owned subsidiary to develop and expand sales channels in the United States.