Restructuring Unprofitable and Low-Growth Businesses
First written in FY2017. 3 of 5 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2022-Q3.
40 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「In the food service business, while closing 6 stores and carrying out closures and revisions of unprofitable businesses and stores, we are proceeding with new store openings under new formats.」
For the restructuring of business models in food service and other businesses whose performance deteriorated during the COVID-19 pandemic, closed 6 stores and opened stores under new formats, advancing the closures and revisions further. - FY2022-Q2AdvancedAnnual report
「In addition, at subsidiaries including the food service business whose performance deteriorated due to changes in demand caused by the COVID-19 pandemic in the previous fiscal year, we advanced the restructuring of business models.」
At subsidiaries including the food service business whose performance deteriorated during the COVID-19 pandemic, proceeded with business model restructuring at the implementation stage. - FY2022-Q1AdvancedAnnual report
「At subsidiaries including the food service business whose performance deteriorated due to changes in demand caused by the COVID-19 pandemic in the previous fiscal year, we advanced the restructuring of business models.」
At subsidiaries including the food service business whose performance deteriorated during the COVID-19 pandemic, reorganization and restructuring progressed from the planning stage to implementation. - FY2021ReframedAnnual report
「We recognize responding to changes in customers’ awareness of safety and security and in lifestyles during the COVID-19 pandemic as a new challenge and will address it promptly. At the same time, we will reorganize and restructure the food service, comprehensive fitness club and general travel businesses, which faced substantial declines in revenue due to falling customer numbers and market contraction during the pandemic.」
Recast the previous policy of restructuring unprofitable businesses and businesses with limited future potential as the reorganization and restructuring of the 3 businesses—food service, fitness and travel—that faced revenue declines during the COVID-19 pandemic. - FY2017First statedAnnual report
「Meanwhile, to appropriately allocate management resources in ways that strengthen competitiveness and improve earnings power, we will restructure unprofitable businesses and businesses with limited future potential.」
For the first time, explicitly positioned the streamlining of unprofitable businesses, previously limited to the travel business, as a Group-wide policy for allocating management resources and restructuring businesses.