Strengthening Otsuka Kagu's Management Base and Achieving Profitability
First written in FY2021-Q1. 4 of 5 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2022.
The whole theme swung hardest in 2019: 12 of 76 companies on the "Worse" side.
43 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「Revenue in the Other business was ¥65.109 billion, down 8.0% year on year, while operating profit was ¥274 million, compared with an operating loss of ¥1.880 billion in the previous year, an improvement of ¥2.154 billion and a return to profitability.」
The Other business returned to profitability for the full fiscal year owing to higher product sales at Otsuka Kagu, the recovery in customer visits, synergies between furniture and home appliances, and the effects of structural reforms. - FY2022-Q3AdvancedAnnual report
「The main reasons were improved earnings at 株式会社大塚家具, stronger sales at Yamada Denki LIFE SELECT stores, the recovery in customer visits, synergies between furniture and home-appliance sales, and the results of ongoing business-structure reforms.」
The Other business, including Otsuka Kagu, improved from an operating loss of ¥2.579 billion in the same period of the previous year to an operating profit of ¥2 million, returning to profitability. The company cited sales at LIFE SELECT, the recovery in customer visits and synergies between furniture and home appliances as the factors. - FY2022-Q1AdvancedAnnual report
「Other-business revenue was ¥17.282 billion, up 24.2% year on year, and segment loss was ¥5 million, compared with a segment loss of ¥1.242 billion in the same period of the previous year. The main reasons for the substantial improvement in profit were the recovery in customer visits to 株式会社大塚家具, synergies between furniture and home-appliance sales, and the results of ongoing business-structure reforms.」
The segment loss in the Other business narrowed substantially from ¥1.242 billion in the previous year to ¥5 million, owing to the recovery in visits to Otsuka Kagu, synergies between furniture and home appliances, and business-structure reforms. - FY2021-Q2AdvancedAnnual report
「With Otsuka Kagu's transition to a new executive structure effective 1 December 2020, we aim to accelerate the pace of its reforms and achieve an early return to profitability.」
Regarding the profitability target, the company specified the date of the transition to the new executive structure and articulated its aim of accelerating reforms to achieve an early return to profitability. - FY2021-Q1First statedAnnual report
「With the structures and reforms needed to strengthen the management foundation of 株式会社大塚家具 now in place, the company aims to return it to profitability by implementing them.」
The company explicitly stated for the first time its goal of implementing structures and reforms to strengthen Otsuka Kagu’s management foundation and return it to profitability.