Optimizing the Business Portfolio Through the Transfer of アークミール
First written in FY2020-Q3. 1 of 3 entries say "Achieved", first in FY2021-Q1. Latest entry: FY2021.
- FY2021Cited as achievedAnnual report
「We transferred all shares of 株式会社アークミール, which was a consolidated subsidiary held by our company, to ANRAKUTEI Co.,Ltd on 29 February 2020. Hereinafter, 株式会社アークミール is referred to as “Ark Meal.”」
The transfer of all shares of Ark Meal and its exclusion from the scope of consolidation were reconfirmed in the annual report as past events. - FY2021-Q1AchievedAnnual report
「We transferred all shares of 株式会社アークミール, formerly a consolidated subsidiary of our company, to ANRAKUTEI Co.,Ltd on 29 February 2020.」
The transfer of all shares of 株式会社アークミール, which had been reported as contracted and scheduled in FY2020-Q3, was completed on 29 February 2020, and the company was excluded from the scope of consolidation and reporting segments from the current quarter. - FY2020-Q3First statedAnnual report
「Ark Meal opened the first stores of its family restaurant chains, including Steak House Volks, Japan's first steak restaurant chain, in Osaka Prefecture in 1970; Steak no Don, a pioneer of family restaurant chains in the northern Kanto region, in Gunma Prefecture in 1976; and Shabu-Shabu Dontei, offering a Japanese-style beef dining experience, in Gunma Prefecture in 1990. These businesses form its core operations, and it currently has a network of 158 stores as of the end of November 2019. Meanwhile, as the operating environment surrounding the food-service industry has grown increasingly difficult and major changes have become necessary, we concluded that transferring the shares was the best course of action to optimize our business portfolio and strategically allocate resources to growth businesses.」
On 26 December 2019, a contract was signed to transfer all shares of 株式会社アークミール to ANRAKUTEI Co.,Ltd, with the transfer scheduled for 29 February 2020 and its exclusion from the scope of consolidation scheduled for 1 March 2020. The transfer of the business comprising 158 stores was first disclosed as an initiative to optimize the business portfolio and allocate resources to growth businesses.