Selectivity and Concentration in Business
First written in FY2017-Q2. 11 of 25 entries say "Restated". Latest entry: FY2024-Q3.
84 other companies' latest entry also says "Advanced".
- FY2024-Q3AdvancedAnnual report
「In addition, due to the results of the global business-structure reforms and progress in improving product supply-chain efficiency, the operating margin rose from the previous fiscal year, and the consolidated third quarter saw higher revenue and higher profit at every stage of the income statement.」
The company explained that the results of the global business-structure reforms and improved product supply-chain efficiency were reflected in a higher operating margin, higher revenue and higher profit at every stage of the income statement. - FY2023-Q3ReframedAnnual report
「In addition, under a policy of concentrating management resources on the company's own-brand businesses as part of the global business-structure reforms,」
The company has identified a new focus, concentrating management resources on its own-brand businesses in addition to the previous selection-and-concentration strategy centered on withdrawing from unprofitable businesses and stores, thereby specifying the focus of the reforms. - FY2023-Q2AdvancedAnnual report
「The overseas business reported lower revenue due to the impact of withdrawing from unprofitable businesses in Europe as part of the global business-structure reforms.」
The withdrawal from unprofitable European businesses as part of the global business-structure reforms was specifically cited as a factor behind lower revenue in the overseas business. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 March 2022, the company resolved to transfer all shares in Onward Beach Resort Guam INC., held by its consolidated subsidiary Onward Resort & Golf Co., Ltd., and entered into the share transfer agreement on the same date. The share transfer was completed on 30 March 2022.」
As a specific business selection-and-concentration measure, the company resolved to transfer all shares related to the hotel operation business in Guam, completing the transfer on 30 March 2022. - FY2022AdvancedAnnual report
「The Group is pursuing business optimization through global business-structure reforms. In Europe, the reorganization and sale of the unprofitable production business and Jil Sander business have been completed,」
As part of the global business-structure reforms, the company reported the completion of the reorganization and sale of the unprofitable European production business and Jil Sander business. - FY2022-Q3AdvancedAnnual report
「In these circumstances, the Group thoroughly controlled purchasing and reduced fixed costs, while steadily implementing the global business-structure reforms it had pursued since autumn 2019.」
The company explained that it steadily implemented purchasing controls, fixed-cost reductions and the global business-structure reforms begun in autumn 2019. These efforts also led to the domestic business returning to profitability and a reduction in the overseas business's operating loss. - FY2022-Q2AdvancedAnnual report
「The results of the global business-structure reforms undertaken since the autumn of the year before last became apparent, with operating income improving due to a substantial improvement in the gross profit margin and a decline in the SG&A ratio from fixed-cost reductions, among other factors.」
The company cited improved gross profit margins, a lower SG&A ratio resulting from fixed-cost reductions and improved operating income as results of the global business-structure reforms begun in the autumn of the year before last. - FY2022-Q1AdvancedAnnual report
「The overseas business reported higher profit despite lower revenue, as earnings improved following two years of withdrawing from unprofitable businesses as part of the global business-structure reforms.」
The company explained that withdrawing from unprofitable businesses over the past 2 years led to improved earnings and higher profit in the overseas business. - FY2021AdvancedAnnual report
「Amid this challenging business environment, while working to control purchasing and reduce fixed costs, we steadily carried out, as part of the global business-structure reforms implemented since the previous fiscal year, withdrawals from businesses including the unprofitable Italy business, the discontinuation of unprofitable brands and the withdrawal from unprofitable stores in Japan and overseas.」
The company explained that it steadily carried out, for the full fiscal year, the withdrawal from unprofitable businesses, brands and stores together with purchasing controls and fixed-cost reductions. - FY2021-Q3RestatedAnnual report
「While advancing the withdrawal from unprofitable businesses and stores through global business-structure reforms implemented since the previous fiscal year, we worked to control purchasing and reduce fixed costs.」
The company continues the global business-structure reforms begun in the previous fiscal year, withdrawal from unprofitable businesses and stores, purchasing controls and fixed-cost reductions. - FY2021-Q2AdvancedAnnual report
「Meanwhile, we have worked to consolidate our brand portfolio, withdraw from unprofitable stores, control purchasing and reduce fixed costs.」
As selection-and-concentration measures, the company specifically proceeded with brand consolidation, withdrawal from unprofitable stores, purchasing controls and fixed-cost reductions. - FY2021-Q1RestatedAnnual report
「The Group continued to implement its growth strategy centered on the 3 areas of digital, customization, and lifestyle, as well as the global business structural reform initiated in the previous consolidated fiscal year.」
Global business-structure reforms have continued from the previous fiscal year, with digital, customization and lifestyle positioned as growth areas. - FY2020AdvancedAnnual report
「To respond to these changes in the business environment, we have implemented global business-structure reforms, including withdrawal from unprofitable businesses, downsizing and closure of unprofitable stores in the European and U.S., Asian and domestic markets.」
The company explained for the full fiscal year that it had withdrawn from unprofitable businesses, downsized operations and closed unprofitable stores in the European and U.S., Asian and domestic markets. - FY2020-Q3RestatedAnnual report
「As part of global business-structure reforms, we decided to withdraw from unprofitable businesses, scale back operations and close unprofitable stores in the European and U.S., Asian and domestic markets.」
The company is reaffirming its policy of focusing selection and concentration on the European and U.S., Asian and domestic markets, and proceeding with the withdrawal from unprofitable businesses, downsizing and closure of unprofitable stores. - FY2020-Q2RaisedAnnual report
「As part of global business-structure reforms, we decided to withdraw from unprofitable businesses, scale back operations and close unprofitable stores in the European and U.S., Asian and domestic markets.」
The scope of selection and concentration has been expanded from the previous explanation to the European and U.S., Asian and domestic markets, with specific measures including withdrawal from unprofitable businesses, downsizing and closure of unprofitable stores. - FY2020-Q1RestatedAnnual report
「In addition, we will continue to pursue business selection and concentration through business-structure reforms to strengthen our operating foundation and respond to the challenging market environment.」
The company is reaffirming its policy of strengthening its operating foundation through business-structure reforms and continuing to pursue business selection and concentration. - FY2019AdvancedAnnual report
「In addition, although Onward Shoji Co., Ltd., Onward Global Fashion Co., Ltd. and other domestic affiliates reported lower revenue, profits increased due to the withdrawal from unprofitable businesses and brands and expense controls, resulting in lower revenue and higher profit for the domestic business as a whole.」
The withdrawal from unprofitable businesses and brands and expense controls were cited as specific selection-and-concentration measures contributing to higher profits in the domestic business. - FY2019-Q3RestatedAnnual report
「We continue to pursue business selection and concentration, including by strengthening businesses such as e-commerce that are expected to deliver high profitability and growth.」
We continue to strengthen highly profitable, growth-oriented businesses and pursue business selection and concentration. - FY2019-Q2RestatedAnnual report
「We continue to pursue business selection and concentration, including by strengthening businesses such as e-commerce that are expected to deliver high profitability and growth.」
The company is reiterating its policy of continuing to strengthen highly profitable, growth-oriented businesses and pursue business selection and concentration. - FY2019-Q1RestatedAnnual report
「We continue to pursue business selection and concentration, including by strengthening businesses such as e-commerce that are expected to deliver high profitability and growth.」
The company is reiterating its policy of continuing to strengthen highly profitable, growth-oriented businesses and pursue business selection and concentration. - FY2018-Q3RestatedAnnual report
「We continue to pursue business selection and concentration, including by strengthening businesses such as e-commerce that are expected to deliver high profitability and growth.」
We continue to strengthen highly profitable, growth-oriented businesses and pursue business selection and concentration. - FY2018-Q2RestatedAnnual report
「We continue to pursue business selection and concentration, including by strengthening businesses such as e-commerce that are expected to deliver high profitability and growth.」
There is no change in the policy of continuing to strengthen highly profitable, growth-oriented businesses and pursue business selection and concentration. - FY2018-Q1RestatedAnnual report
「The Company continues to promote the selection and concentration of its businesses.」
There is no change in the policy of continuing to pursue business selection and concentration. - FY2017-Q3RestatedAnnual report
「The Group pursued selective concentration of its businesses.」
The Company continues to identify the selection and concentration of its businesses as an execution policy under the medium-term management plan. - FY2017-Q2First statedAnnual report
「The Group pursued selective concentration of its businesses.」
Selective concentration, together with strengthening growth and high-profitability businesses, was identified as an implementation policy under the medium-term management plan.