Partial transfer of the hot spring bathing facilities business and reallocation of management resources
First written in FY2020-Q1. 1 of 2 entries say "Achieved", first in FY2020-Q2. Latest entry: FY2020-Q2.
4 other companies' latest entry also says "Achieved".
- FY2020-Q2AchievedAnnual report
「On 1 July 2019 and 2 July 2019, the company transferred part of its hot spring bathing facilities business to GOKURAKUYU HOLDINGS CO.,LTD. / Of the hot spring bathing facilities business, the following businesses outside Nagano Prefecture: the operation of the five hot spring bathing facilities—Meike Yuttari-en, Matsuzaki Yuttari-en, Makio Yuttari-en, Tomiya Yuttari-en and Hanyu Yuttari-en—and the transfer of assets and other items necessary for the continuation of those businesses.」
The business transfer of five hot spring bathing facilities outside Nagano Prefecture was completed on 1 July and 2 July 2019. The company also disclosed a gain on the business transfer of ¥94 million, revenue of ¥267 million from the transferred businesses, and an operating loss of ¥72 million. - FY2020-Q1First statedAnnual report
「Pursuant to a resolution of the Board of Directors at a meeting held on 24 April 2019, the company transferred part of its hot spring bathing facilities business to GOKURAKUYU HOLDINGS CO.,LTD., with 1 July 2019 and 2 July 2019 as the effective dates. / Description of the transferred business: Of the hot spring bathing facilities business, the following businesses outside Nagano Prefecture: the operation of the five hot spring bathing facilities—Meike Yuttari-en, Matsuzaki Yuttari-en, Makio Yuttari-en, Tomiya Yuttari-en and Hanyu Yuttari-en—and the transfer of assets and other items necessary for the continuation of those businesses. / The company decided on this transaction to reallocate the management resources obtained through the business transfer, develop promising new markets and strengthen its manufacturing division based on its experience in manufacturing and retailing in addition to its tourism souvenir wholesale business, strengthen its core businesses, and further enhance corporate value.」
Five hot spring bathing facilities outside Nagano Prefecture were transferred on 1 July and 2 July 2019, and a gain on the transfer of ¥94 million was recorded. The company stated that the management resources obtained through the transfer would be reallocated to tourism souvenir wholesale, manufacturing and retail, development of promising markets, and strengthening the manufacturing division.