Transfer of 広電ストア’s supermarket and mobile sales businesses
First written in FY2019-Q1. 2 of 5 entries say "Cited as achieved", first in FY2020-Q1. Latest entry: FY2020-Q2.
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- FY2020-Q2Cited as achievedAnnual report
「As a result, operating revenue for the second quarter of the current consolidated cumulative period decreased by 69.8%, or ¥3,277 million, from the second quarter of the previous consolidated cumulative period to ¥1,419 million. However, operating income was ¥39 million, compared with an operating loss of ¥59 million in the second quarter of the previous consolidated cumulative period, due to the effects of reorganizing unprofitable businesses.」
Although lower revenue in the distribution business following the transfer of the supermarket business in October 2018 continued, operating results turned from a loss in the same period of the previous year to a profit due to the effects of reorganizing unprofitable businesses. - FY2020-Q1Cited as achievedAnnual report
「As a result, operating revenue for the first quarter of the current consolidated cumulative period decreased by 69.6%, or ¥1,616 million, from the first quarter of the previous consolidated cumulative period to ¥707 million. However, operating income was ¥21 million, compared with an operating loss of ¥19 million in the first quarter of the previous consolidated cumulative period, due to the effects of reorganizing unprofitable businesses.」
Although the distribution business experienced lower revenue following the transfer of the supermarket and mobile sales businesses, its operating results turned from a loss in the same period of the previous year to a profit due to the effects of reorganizing unprofitable businesses. - FY2019-Q3RestatedAnnual report
「In the distribution business, we transferred 広電ストア’s supermarket and mobile sales businesses to another company in October and reorganized the unprofitable divisions.」
Again reports that the transfer of 広電ストア’s supermarket and mobile sales businesses and the reorganization of the unprofitable divisions had been completed. - FY2019-Q2AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 25 September 2018, we entered into a business transfer agreement on the same date with マックスバリュ西日本株式会社 and our consolidated subsidiary 広電ストア concerning the transfer of the supermarket and mobile sales businesses operated by 広電ストア, and completed the business transfer on 1 October 2018.」
Entered into a business transfer agreement for 広電ストア’s supermarket and mobile sales businesses and completed the transfer on 1 October. - FY2019-Q1First statedAnnual report
「The supermarket and mobile sales businesses were closely tied to the daily lives of local customers, and we had implemented various measures to continue operating them. As we have now reached an agreement with マックスバリュ西日本株式会社 on the transfer of the businesses, we entered into a basic agreement.」
On 23 July, we entered into a basic agreement on the transfer of 広電ストア’s supermarket and mobile sales businesses to マックスバリュ西日本株式会社, with the definitive agreement scheduled to be signed on 25 September and the transfer scheduled for 1 October. The transfer was undertaken against a backdrop of borrowing burdens from large-scale investments, difficult operating conditions and intensifying competition in the distribution industry.