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GSI Creos (8101) · InitiativeThe impact of the business transfer continued to affect full-year performance

Transfer of the Gunze Product Sales Business to GUNZE LIMITED

First written in FY2017-Q2. 1 of 7 entries say "Achieved", first in FY2017. Latest entry: FY2018.

7entries
3years
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ProgressHeldSoftenedWorseFirst statedFY2017-Q2 – FY2017-Q3OtherFY2018-Q1 – FY20182016: 120162017: 420172018: 22018
Same theme, other companies
Business Separation Through the Transfer of the GUNZE LIMITED Product Sales BusinessA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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Full recordFilings, disclosures and news, newest first
  1. FY2018The impact of the business transfer continued to affect full-year performanceAnnual report

    「Sales of everyday apparel, including socks, underwear and pantyhose, declined due to the impact of the business transfer at the end of September 2016.」

    The transfer of the Gunze product sales business completed in the previous fiscal year continued to weigh on full-year sales of everyday apparel.
  2. FY2018-Q3Decline in transactions continued following the business transferAnnual report

    「Sales of everyday apparel, including socks, underwear and pantyhose, declined due to the impact of the business transfer at the end of September 2016.」

    The decline in sales of everyday apparel following the transfer of the Gunze product sales business completed in the previous fiscal year continued into the third quarter.
  3. FY2018-Q2Decline in transactions continued following the business transferAnnual report

    「Sales of everyday apparel, including socks, underwear and pantyhose, declined substantially, partly due to the impact of the business transfer at the end of September 2016.」

    The decline in sales of everyday apparel due to the business transfer completed in the previous fiscal year continued into the second quarter.
  4. FY2018-Q1Decline in transactions continued following the business transferAnnual report

    「Meanwhile, sales of underwear, pantyhose and other products declined substantially following the business transfer at the end of September 2016, and OEM transactions, including socks, also declined.」

    The decline in sales of underwear, pantyhose and other products following the transfer of the Gunze product sales business completed in the previous fiscal year continued into the current quarter.
  5. FY2017AchievedAnnual report

    「The gain on the transfer of the sales business for undershirts, pantyhose and other products manufactured by Gunze Corporation was ¥244 million.」

    The transfer of the Gunze product sales business was completed on 30 September 2016, resulting in a gain on transfer of ¥244 million, with revenue of ¥3,690 million and an operating loss of ¥50 million for the discontinued business.
  6. FY2017-Q3Confirmed the impact of the business transfer on performanceAnnual report

    「The transfer of the business at the end of September 2016 also reduced the volume of undershirts, pantyhose and other products handled.」

    The transfer of the Gunze product sales business completed in the previous quarter was reflected in the current quarter's textile-related business as a decline in the volume of undershirts, pantyhose and other products handled.
  7. FY2017-Q2First statedAnnual report

    「On 30 September 2016, we transferred to Gunze Corporation the sales business for undershirts, pantyhose and other products manufactured by Gunze Corporation. The agreement was reached after the two companies had been discussing the transfer with a view to the future development of the business.」

    The sales business for Gunze Corporation products was transferred on 30 September 2016. The gain on the transfer of the discontinued business was ¥250 million, while the cumulative revenue of the discontinued business was ¥3,690 million and its operating loss was ¥50 million.
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Transfer of the Gunze Product Sales Business to GUNZE LIMITED | GSI Creos Corporation (8101) | Komori