Spin-off of the Information Communications Business and Structural Reform
First written in FY2016. 2 of 5 entries say "Advanced", first in FY2018. Latest entry: FY2019-Q3.
No other company in this theme has enough history to compare yet.
- FY2019-Q3RestatedAnnual report
「During the nine months ended [third quarter], net sales decreased year on year due to the impact of the business reorganization in January 2019. During the third quarter, product demand also declined due to seasonal factors.」
The reorganization of the Information and Communications business completed in January 2019 continues to affect the decline in net sales this quarter. - FY2019-Q2RestatedAnnual report
「During the first 6 months of the fiscal year, net sales declined year on year due to the impact of the business reorganization in January 2019. In addition, demand declined due to seasonal factors during the second quarter, weighing on business earnings.」
The company reaffirmed that the reorganization of the Information and Communications business completed in January 2019 contributed to the decline in net sales during the quarter. - FY2019-Q1AdvancedAnnual report
「During the first 3 months of the fiscal year, net sales declined year on year due to the impact of the business reorganization in January 2019, although they exceeded initial expectations. In addition, plant utilization temporarily weakened as rationalization measures, including plant relocations and consolidation, were implemented.」
In the Information and Communications business, rationalization measures including the January 2019 reorganization and plant relocations and consolidation were implemented. - FY2018AdvancedAnnual report
「Information and Communications completed a business reorganization on 7 January 2019 aimed at improving business earnings.」
The reorganization of the Information and Communications business, as part of its structural reform, was completed on 7 January 2019. - FY2016First statedAnnual report
「The spin-off of the Information and Communications business is intended to establish a structure capable of responding rapidly to constant changes in the market environment. By granting the successor company clear “authority and responsibility,” the company will enable it to execute adaptive and bold strategies as the business operator while promoting strict, disciplined reform for sustainable growth.」
The July 2015 spin-off clarified authority and responsibility and set out a policy of responding to market changes and reforming the cost structure.