Transfer of the Sundays drugstore business
First written in FY2019-Q3. 5 of 7 entries say "Cited as achieved", first in FY2020-Q1. Latest entry: FY2024.
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- FY2024Cited as achievedAnnual report
「February 2019: Transferred the drugstore business to Welcia Yakkyoku Co., Ltd.」
The February 2019 transfer of the drugstore business is re-listed as a past event in the company's history. - FY2023Cited as achievedAnnual report
「February 2019: Transferred the drugstore business to Welcia Yakkyoku Co., Ltd.」
The February 2019 transfer of the drugstore business is re-listed as a past event in the company's history. - FY2020-Q3Cited as achievedAnnual report
「Against this economic backdrop, company-wide sales and operating revenue for the cumulative third quarter declined year on year because the company was unable to offset the decline in revenue from the drugstore business transferred at the end of the previous fiscal year.」
The transfer of the drugstore business completed at the end of the previous fiscal year continues to be cited as a factor behind the company-wide decline in sales and operating revenue, which could not be offset by higher revenue from the home improvement center business and other operations. - FY2020-Q2Cited as achievedAnnual report
「Against this economic backdrop, company-wide sales and operating revenue for the cumulative second quarter declined year on year because the company was unable to offset the decline in revenue from the drugstore business transferred at the end of the previous fiscal year.」
The transfer of the drugstore business completed at the end of the previous fiscal year continues to be cited as a factor behind the company-wide decline in sales and operating revenue, which could not be offset by higher revenue from the home improvement center business and other operations. - FY2020-Q1Cited as achievedAnnual report
「Against this economic backdrop, sales and operating revenue for the cumulative first quarter increased year on year in the home improvement center business, but the increase was insufficient to offset the decline in revenue from the drugstore business transferred at the end of the previous fiscal year, resulting in lower company-wide sales and operating revenue year on year.」
The transfer of the drugstore business completed at the end of the previous fiscal year continues to be cited as a factor behind the company-wide decline in sales and operating revenue, which could not be offset by higher revenue from the home improvement center business. - FY2019AchievedAnnual report
「To concentrate management resources on the home improvement center business, we transferred the drugstore business operated under the Sandees name in the Chugoku region since 2000 to Welcia Yakkyoku Co., Ltd. effective 28 February 2019.」
The transfer of Sandees' drugstore business was completed on 28 February 2019. The full-year results state that the drugstore business transfer covered 6 stores. - FY2019-Q3First statedAnnual report
「We will transfer the drugstore business operated under the Sandees name, comprising 7 stores in total—Gotsu, Hamada, Shimohonmachi, Kawamoto, Kake, Niimi and Masuda Ekimae—to Welcia Yakkyoku Co., Ltd.」
The Board of Directors resolved the transfer and signed a business transfer agreement on 17 December 2018. The transaction covered 7 Sandees stores operated in the Chugoku region, with the transfer scheduled for 28 February 2019. The transferred business had sales of ¥1,607.724 million for the fiscal year ended February 2018, equivalent to 3.8% of the company's sales.