Decline in Sales and Profit in Chemical-Related Businesses
First written in FY2018-Q3. 1 of 2 entries say "Reframed", first in FY2019. Latest entry: FY2019.
Meiwa moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 3 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2019ReframedAnnual report
「From the current consolidated fiscal year, the company reorganized its organization, changing from a headquarters-and-group structure based on product categories, comprising 5 headquarters—Chemicals, Petroleum Products, Functional Materials, Synthetic Resins and Functional Building Materials—to a business-division and business-department structure centered on groups of mutually related businesses, comprising 3 business divisions—the First, Second and Third Business Divisions—and the Automotive Business Division, which is independent of those business divisions.」
The Chemicals-Related Business is no longer an independent reporting segment and is now reported after being reorganized into new business divisions and business categories. - FY2018-Q3First statedAnnual report
「As a result, sales were ¥25.667 billion, down 0.1% year on year. Segment profit was ¥279 million, down 11.6%.」
Both sales and segment profit in the Chemicals-Related Business were below the same period of the previous year.