Discontinuation of Multiple Brands
First written in FY2017-Q2. 4 of 9 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2018: 1 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Raised".
- FY2020RaisedAnnual report
「We will also consider withdrawing from unprofitable brands, rationalizing brands with overlapping target consumers and product lines, and work to reduce costs.」
Sets out a structural reform policy expanding the scope beyond previous brand withdrawals and discontinuations to include unprofitable brands, brands with overlapping customer segments, and product-line rationalization. - FY2018RestatedAnnual report
「“Structural reform,” including the implementation of a voluntary retirement program」
States that the previous business structure reform framework, including brand withdrawals and discontinuations, continued to be implemented together with the voluntary retirement program. - FY2019-Q2AdvancedAnnual report
「During the six-month period of the current consolidated fiscal year, the withdrawal from and discontinuation of brands associated with business structure reform had largely run their course, but」
States that the withdrawal from and discontinuation of brands associated with business structure reform had largely run their course, indicating specific progress on the previous brand discontinuation measures. - FY2018-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, net sales declined as a result of discontinuing brands and closing unprofitable stores in connection with business structure reform, but」
Continues to state that brands were discontinued. No new brand names or additional discontinuations are indicated this time either. - FY2018-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, net sales declined because brands were discontinued as part of the business structure reform, but profitability improved as a result of efforts to improve the gross profit margin and reduce selling, general and administrative expenses.」
Reiterates that brands were discontinued as part of business structure reform. No new brand names or additional discontinuations are indicated. - FY2018-Q1AdvancedAnnual report
「During the first quarter of the current consolidated cumulative period, net sales declined because brands were discontinued as part of the business structure reform, but performance was broadly in line with the plan, including progress in reducing inventories.」
States that the Company discontinued brands. It also mutually agreed to terminate, as of 28 April 2017, the contracts covering trademark use, technical information, and manufacturing and sales for “Pringle 1815.” - FY2016RestatedAnnual report
「We will promote the withdrawal from unprofitable brands and sales floors and improve sales-floor productivity, redefine and streamline the key management indicators for sales managers, and develop systems to strengthen sales-floor capabilities.」
In connection with the discontinuation of multiple brands, the Company reiterates the withdrawal from unprofitable brands and sales floors and improvements in sales-floor productivity as structural reform measures, but does not report any newly completed initiatives. - FY2017-Q3AdvancedAnnual report
「During the third quarter of the current consolidated fiscal year, the Company mutually agreed to terminate the following contracts as of 1 September 2016.」
In connection with the policy of discontinuing multiple brands, the Company mutually agreed to terminate, as of 1 September, the contracts covering trademark use, technical information, and manufacturing and sales for Paul Stuart Sport and Allegri. - FY2017-Q2First statedAnnual report
「As part of additional business structure reform measures, the Company resolved to discontinue multiple brands and solicit applications for voluntary retirement.」
States that, as an additional business structure reform measure, the Company resolved to discontinue multiple brands together with soliciting applications for voluntary retirement.