Formulation of a new medium-term management plan aimed at improving profitability
First written in FY2019-Q3. 2 of 7 entries say "Achieved", first in FY2020-Q1. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021AchievedAnnual report
「This business turnaround plan was approved with the agreement of the eligible creditors at the creditors' meeting held on 20 April 2021 to resolve the proposed business turnaround plan under the Business Revitalization ADR procedure.」
The new management plan, which had been under formulation, was finalized as a business turnaround plan with the agreement of the financial institutions under the Business Revitalization ADR procedure. - FY2021-Q3ReframedAnnual report
「To resolve these circumstances, the Group decided to use the Business Revitalization ADR procedure, with the agreement of its lending financial institutions, to establish a robust earnings base for future business revitalization and fundamentally improve its financial position.」
The framework has been revised from reviewing the management plan for the post-COVID-19 period to formulating a business turnaround plan aimed at reforming the earnings structure and improving the financial position through the Business Revitalization ADR procedure. - FY2021-Q2RestatedAnnual report
「We recognize the need to revise our post-COVID-19 plan in light of these factors and are proceeding with our review. We will announce the new management plan once it has been finalized.」
The Company continues to consider a new management plan that takes into account post-COVID-19 demand and changes in lifestyles. - FY2021-Q1RestatedAnnual report
「We recognize the need to revise our post-COVID-19 plan in light of these factors and are proceeding with our review. We will announce the new management plan once it has been finalized.」
The Company continues to consider revising its management plan based on post-COVID-19 conditions and will announce it after making a decision. - FY2020ReframedAnnual report
「The Company has formulated and is implementing the “New Medium-Term Management Plan 2022,” while currently formulating a new medium- to long-term plan capable of responding to the new society expected to emerge, taking into account current conditions amid the COVID-19 pandemic.」
While implementing the existing plan to improve profitability, the focus has shifted to formulating a new medium- to long-term plan based on the social and business structures expected after the COVID-19 pandemic. - FY2020-Q1AchievedAnnual report
「The Company had been implementing the medium-term management plan announced on 12 May 2017, “Change Management 2020 ～ 3-year plan for our growth ～.” However, because actual results for the fiscal year ended March 2019, the second year of the plan, deviated substantially from the targets, the Company withdrew the plan and formulated the “New Medium-Term Management Plan 2022” covering the 3 years through the fiscal year ending March 2022.」
The new medium-term management plan, which had been under formulation through the previous quarter, was completed as the “New Medium-Term Management Plan 2022” after the previous plan was withdrawn. - FY2019-Q3First statedAnnual report
「The Group is currently formulating a medium-term management plan aimed at improving the profitability that serves as a source of cash flow, with a view to medium-term growth and expansion. Specific measures include cost reductions such as reducing head-office costs, lowering personnel expenses through improved store operations, and reducing costs through menu initiatives, as well as customer-traffic measures including customer-focused business operations, promotional activities through effective messaging, continuous enhancement of core products, and service reform.」
A medium-term management plan aimed at improving profitability is being formulated, with cost reductions, promotional activities, product and service reform, and customer-traffic measures included as specific initiatives.