Improving Home Improvement Business Profitability Through a Capital and Business Alliance with DCM
First written in FY2022-Q1. 3 of 5 entries say "Restated". Latest entry: FY2023-Q1.
0 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「Against this backdrop, 株式会社テーオーリテイリング, a consolidated subsidiary that entered into a capital and business alliance in the previous consolidated fiscal year, focused on increasing synergies with DCM株式会社, one of Japan's largest home-improvement-store operators and a member of the DCM Group.」
Based on the capital and business alliance with DCM, the Company continues efforts to increase synergies with DCM. - FY2022Reviewing the product mix during the transition to the allianceAnnual report
「In the second half of the current consolidated fiscal year, the review of the product mix under the business alliance with DCM株式会社 entered a transition phase, resulting in a decline in sales.」
Following the capital and business alliance with DCM, the review of the product mix entered a transition phase and was cited as a factor behind the decline in home-improvement-store sales. - FY2022-Q3RestatedAnnual report
「Against this backdrop, from the perspective of rebuilding its portfolio and reallocating management resources, the Group entered into a capital and business alliance through its consolidated subsidiary 株式会社テーオーリテイリング with DCM株式会社, a member of the DCM Group, one of Japan's largest home-improvement-store operators, on 15 July 2021, and the Company transferred part of its shareholding in TORT to DCM.」
The Company has reaffirmed the capital and business alliance with DCM and the partial transfer of TORT shares as a completed restructuring of the home-improvement-store business. - FY2022-Q2RestatedAnnual report
「The consolidated subsidiary 株式会社テーオーリテイリング (TORT) entered into a capital and business alliance with DCM株式会社 (DCM), a member of the DCM Group, one of Japan's largest home-improvement-store operators, on 15 July 2021, and the Company transferred part of its shareholding in TORT to DCM.」
The Company has reaffirmed the capital and business alliance with DCM and the partial transfer of TORT shares as a completed restructuring of the home-improvement-store business. - FY2022-Q1First statedAnnual report
「Through this capital and business alliance, the Company and TORT expect to obtain DCM Group's supply capacity for home-improvement-store merchandise, including private-label products under the DCM brand, as well as its store-management expertise, and to improve profitability systematically by adding their own unique know-how.」
The Company entered into a capital and business alliance agreement on 15 July 2021 and transferred 380 TORT shares, representing 18.99% of the total shares issued, to DCM for ¥475 million on 16 July. The parties will collaborate on procurement and logistics, sales promotion, store development and operations, and the acceptance of directors and employees.