Three core businesses: department stores, tenant operations, and the purchase of gold bullion and other precious metals
First written in FY2024-Q3. 4 of 6 entries say "Reframed", first in FY2025. Latest entry: 2026-06-02.
No other company in this theme has enough history to compare yet.
- 2026-06-02ReframedManagement planning
「Based on strong financial stability underpinned by substantial unrealized gains, we are shifting our policy toward a thorough improvement in capital efficiency and expansion of earnings capacity through the liquidation and effective utilization of our owned assets.」
In addition to the previous explanation centered on three core businesses, the company indicated a shift toward a policy focused on liquidating and effectively utilizing owned real estate and improving capital efficiency. - FY2027-H1ReframedAnnual report
「During the current fiscal year, we will continue to focus on promoting the department store business and tenant business. In addition, to enhance corporate value following the restructuring, we will review our capital structure to indicate our efforts to strengthen the capital structure and consider resuming dividend payments.」
In this filing, the previous description of the department store business, tenant business, and gold bullion and other purchasing business as three core pillars has been reorganized into a structure focused on promoting the department store and tenant businesses, with the review of the capital structure brought to the forefront. - 2026-04-01ReframedManagement planning
「In the current fiscal year, we will focus on promoting the department-store business and the tenant business, while」
The medium-term management plan reorganizes the prior explanation of three core businesses around a focus on the department-store and tenant businesses. - FY2025ReframedAnnual report
「During the current consolidated fiscal year, the company launched a real estate business, including apartment operations, as a business to complement the department store business and added a new performance management segment.」
The business structure is evolving from the previous combination of the department store, tenant, and gold bullion and other purchasing businesses toward adding the real estate business as a complementary business to the department store business. - FY2024-Q4RestatedAnnual report
「Following the previous consolidated fiscal year, the group aims to establish sustained profitability by promoting each of its department store, tenant, and precious-metal bullion purchasing businesses, while also seeking to increase revenue and earnings by leveraging synergies within the AFC-HD Group.」
The company reiterated its business structure centered on the department store business, tenant business, and gold bullion and other purchasing business, as well as its policy of establishing consistent profitability by leveraging synergies within the AFC-HD Group. - FY2024-Q3First statedAnnual report
「Following the previous consolidated fiscal year, in which the group returned to profitability for the first time in 9 years, the group continues to position the department store business, tenant business, and gold bullion and other purchasing business as its three core businesses. Through the use of synergies within the AFC-HD Group and other measures, it aims to increase revenue and earnings and establish consistent profitability.」
The company disclosed the department store business, tenant business, and gold bullion and other purchasing business as its three core businesses, and for the first time presented this business structure as an independent theme, with the aim of increasing revenue and earnings by leveraging synergies within the AFC-HD Group and establishing consistent profitability.