¥8 billion in operating profit from overseas business in fiscal 2022 and early profitability at Shanghai Takashimaya
First written in FY2018. 2 of 6 entries say "Softened", first in FY2020-Q1. Latest entry: FY2021.
Takashimaya moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Softened".
- FY2021SoftenedAnnual report
「We will return Singapore Takashimaya, which plays a central role in our ASEAN strategy, to a stable earnings track and establish a firm return to profitability for Ho Chi Minh Takashimaya. Meanwhile, for Siam Takashimaya, where an early return to profitability is a priority, we will work to provide a locally rooted, one-stop range of products and services that deliver security, convenience, and satisfaction. At Shanghai Takashimaya, we will rebuild the merchandise mix across all floors and promote low-cost operations to further improve profitability.」
This filing does not state the ¥8 billion fiscal 2022 overseas operating profit target or its deadline; instead, it describes qualitative business-specific policies focused on stable profitability, a return to profitability, and merchandise-mix restructuring at each store. - FY2020-Q3RestatedAnnual report
「Siam Takashimaya in Bangkok, Thailand, which opened in November 2018, is working to increase sales by implementing promotional initiatives suited to local business practices.」
In the overseas business, the company continues operations at Shanghai Takashimaya, pursues higher sales and profits at Ho Chi Minh Takashimaya, and conducts promotions at Siam Takashimaya suited to local business practices. No change to the target of ¥8 billion in operating profit for fiscal 2022 is stated. - FY2020-Q2ReframedAnnual report
「Shanghai Takashimaya had been scheduled to close on 25 August, but decided to cancel the closure and continue operating after receiving support from its landlord and many requests from customers for the store to remain open.」
The previous plan to achieve an early return to profitability at Shanghai Takashimaya changed from closure and liquidation to continuing operations. - FY2020-Q1SoftenedAnnual report
「Given the economic stagnation caused by the prolonged US-China trade tensions since last year and the decline in personal consumption, we determined that no further business improvement could be expected and resolved to dissolve and liquidate the subsidiary. Accordingly, Shanghai Takashimaya is scheduled to close on 25 August 2019.」
The overall target of ¥8 billion in overseas operating profit for fiscal 2022 has not been explicitly withdrawn, but the early return to profitability for Shanghai Takashimaya included in that target has shifted from pursuing business improvement to a plan for dissolution, liquidation, and closure. - FY2019-Q3AdvancedAnnual report
「Siam Takashimaya in Bangkok, Thailand, which opened in November, is not included in the consolidated results for the cumulative third quarter due to differences in the companies' fiscal year-end months.」
Siam Takashimaya, included in the overseas business targets, opened in November and reached the opening milestone. However, its post-opening results are not included in the cumulative results for the quarter. - FY2018First statedAnnual report
「In the overseas business, in addition to further growth in Singapore, the centerpiece of our Asian strategy, we aim to achieve operating profit of ¥8 billion in fiscal 2022 through an early return to profitability in Vietnam and at Shanghai Takashimaya, as well as the opening and early monetization of Siam Takashimaya in Bangkok, Thailand.」
The company set a target of ¥8 billion in operating profit in fiscal 2022 across Singapore, Vietnam, Shanghai, and Thailand, driven by an early return to profitability in Shanghai and early monetization of Siam Takashimaya.