Business Portfolio Optimization Through the Transfer of 京樽
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
0 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「Following the completion on 1 April 2021 of the transfer of all shares in 京樽 held by the company, with 1 March 2021 as the deemed disposal date, 京樽 was excluded from the scope of consolidation from the first quarter of the current fiscal year.」
The transfer of all shares in Kyotaru was completed, and Kyotaru was excluded from the scope of consolidation and reporting segments from the first quarter, with 1 March 2021 treated as the deemed disposal date. - FY2021First statedAnnual report
「Meanwhile, the environment surrounding the food-service industry became increasingly difficult because of the spread of COVID-19, and Kyotaru, which had focused on opening stores particularly in urban areas, was significantly affected. As the group as a whole faced the need for major transformation, we concluded that transferring these shares was the best course of action to optimize our business portfolio and strategically allocate resources to growth businesses.」
For the first time, we described the transfer of all shares in Kyotaru to FOOD & LIFE COMPANIES effective 1 April 2021, together with the reasons for the transfer: optimizing the business portfolio and allocating resources to growth businesses.