Enhancing corporate value and management efficiency through the transfer of low-profitability businesses facing intensifying competition
First written in FY2019-Q2. 8 of 12 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Decline in revenue and profit became apparent in full-year results after the saleAnnual report
「In the commercial facilities business, total revenue declined to ¥30,083 million, or 94.7% of the previous fiscal year, and operating profit declined to ¥3,833 million, or 97.8%, due to the impact of the sale in the previous fiscal year of a subsidiary engaged in equipment maintenance and security services, as well as the closure of Izumiya Shopping Center Matsubara and Izumiya Shopping Center Hirakata because of aging facilities, among other factors.」
The impact of the subsidiary transferred in the previous fiscal year emerged as a factor behind the decline in revenue and profit in the commercial facilities business for the full year. The closure of 2 aging facilities also had an impact. - FY2026-H1Decline in revenue and profit after the saleAnnual report
「Revenue and profit declined following the sale of a subsidiary in the second half of the previous fiscal year.」
In the commercial facilities business, the sale of a subsidiary in the second half of the previous fiscal year was cited as a factor behind the decline in revenue and profit in the current interim period. - FY2025AchievedAnnual report
「Upon completion of the share transfer on 1 December 2024, Kanso was excluded from the scope of consolidation.」
As part of the streamlining of low-profitability and non-core businesses, the transfer of Kanso shares was completed on 1 December 2024, and Kanso was excluded from the scope of consolidation. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 3 September 2024, the company approved the transfer by H2O Commercial Development Co., Ltd., a consolidated subsidiary, of all shares in Kanso Co., Ltd., its subsidiary, to Sohgo Security Services Co., Ltd. H2O Commercial Development entered into a share transfer agreement on 4 September 2024. Kanso will be excluded from the scope of consolidation upon completion of the share transfer, scheduled for 1 December 2024.」
As part of the reorganization of the business portfolio, an agreement was signed to transfer all shares in Kanso to Sohgo Security Services Co., Ltd., with completion scheduled for 1 December 2024. - FY2022AdvancedAnnual report
「This resulted from the sale of all shares in BU Co., Ltd., a consolidated subsidiary of the company.」
In connection with the streamlining of unprofitable and low-profitability businesses, all shares in BU were sold and a loss on the sale of shares in an affiliated company of ¥400 million was recognized. - FY2022-Q2AdvancedAnnual report
「From the second quarter of the current consolidated fiscal year, H2O Style Net Co., Ltd. ceased to exist following an absorption-type merger in which Hankyu Hanshin Department Stores Co., Ltd. was the surviving company, and was therefore excluded from the scope of consolidation.」
H2O Style Net ceased to exist following an absorption-type merger with Hankyu Hanshin Department Stores and was excluded from the scope of consolidation. This is cited as further progress in streamlining unprofitable and low-profitability businesses and consolidating group companies. - FY2022-Q1AdvancedAnnual report
「From the first quarter of the current consolidated fiscal year, Fountain Forest Co., Ltd. was excluded from the scope of consolidation because it was being liquidated.」
An additional exclusion from the scope of consolidation occurred due to liquidation, further advancing the streamlining of unprofitable and low-profitability businesses. - FY2021AdvancedAnnual report
「The breakdown of assets and liabilities associated with the transfer of the HBC business and other operations of Izumiya Co., Ltd., and the relationship between the transfer price and the expenditure arising from the business transfer, are as follows.」
The HBC business and other operations of Izumiya were transferred, and expenditure of ¥150 million arising from the business transfer was recognized. The streamlining of unprofitable and low-profitability businesses progressed. - FY2021-Q3AdvancedAnnual report
「From the third quarter of the current consolidated fiscal year, Carne Co., Ltd., Hankyu Kitchen Yell Kyushu Co., Ltd. and Izumiya Research Institute Co., Ltd. were excluded from the scope of consolidation because they were being liquidated.」
Three companies were excluded from the scope of consolidation as they were liquidated, giving further concrete form to the streamlining of low-profitability and unprofitable businesses. - FY2021-Q2AdvancedAnnual report
「A business restructuring loss of ¥700 million was recognized in connection with the withdrawal from an unprofitable business, among other items.」
The company continued to withdraw from and streamline unprofitable businesses and recognized a business restructuring loss of ¥700 million. - FY2020-Q2AdvancedAnnual report
「A business restructuring loss of ¥700 million was recognized in connection with the withdrawal from an unprofitable business, among other items.」
The company continued to streamline low-profitability and unprofitable businesses and recognized a business restructuring loss in connection with the termination of the Hankyu Kitchen Yell Kyushu business, among other factors. - FY2019-Q2AchievedAnnual report
「After comprehensively reviewing the target business's low profitability and the current difficult competitive environment, the company concluded that transferring the business would contribute to improving the corporate value and management efficiency of the group.」
The apparel and sports businesses of a wholly owned subsidiary were transferred because of their low profitability and the severe competitive environment. The business separation date was 30 September 2018, and a loss on business transfer of ¥545 million was recognized.