Business restructuring through the discontinuation of part of the business
First written in FY2023-Q1. 7 of 9 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2025.
23 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Against this backdrop, the group implemented its three-year “Revitalize Plan,” streamlining its workforce and locations, exiting unprofitable businesses and implementing structural reforms, while pursuing a thoroughly earnings-focused sales approach in its core wholesale business.」
The discontinuation and restructuring of part of the business has progressed to the stage of implementing the withdrawal from unprofitable businesses and structural reforms under the three-year plan. - FY2024AchievedAnnual report
「タキヒヨー韓国株式会社 completed its liquidation during the current consolidated fiscal year and was excluded from the scope of consolidation.」
Regarding the reorganization of overseas sites, the liquidation of タキヒヨー韓国株式会社 was completed and it was excluded from the scope of consolidation. - FY2024-Q3AdvancedAnnual report
「We will proceed with scaling back business areas where profitability cannot be expected and reallocate management resources.」
Regarding business restructuring, the company has translated its policy into specific measures to scale back business areas where profitability cannot be expected and reallocate management resources. - FY2024-Q2AdvancedAnnual report
「During the second quarter of the current consolidated accounting period, タキヒヨー韓国株式会社 completed its liquidation and was excluded from the scope of consolidation.」
Regarding the reorganization of overseas sites, the liquidation of タキヒヨー韓国株式会社 was completed and it was excluded from the scope of consolidation. - FY2024-Q1AdvancedAnnual report
「Net income attributable to owners of the parent was ¥540 million, compared with a net loss of ¥36 million in the same period of the previous year, due in part to the recognition as extraordinary income of a gain on the sale of fixed assets at an overseas site slated for closure.」
The company recorded gains on the sale of fixed assets at overseas sites whose closure had been decided, reflecting the consolidation and closure of overseas sites in its results through the disposal of fixed assets. - FY2023AdvancedAnnual report
「Following the decision to close 瀧兵香港有限公司, the transfer of fixed assets owned by the subsidiary is being carried out to make effective use of the management resources of our group.」
Regarding the reorganization of overseas sites, the fixed assets of the Hong Kong subsidiary, whose closure had been decided, were transferred on 28 February 2023, and business restructuring has progressed to the implementation stage of asset disposals. - FY2023-Q3AdvancedAnnual report
「瀧兵香港有限公司, a consolidated subsidiary of the company, resolved at a meeting of its Board of Directors held on 19 October 2022 to transfer fixed assets it owned and, based on that resolution, entered into a transfer agreement on 19 October 2022. The transfer of the fixed assets owned by the subsidiary is intended to make effective use of the management resources of our group following the decision to close 瀧兵香港有限公司.」
Regarding the reorganization of overseas sites, the company resolved on and entered into an agreement for the transfer of fixed assets held by 瀧兵香港有限公司, whose closure had been decided, and business restructuring has progressed to the implementation stage of asset disposals. - FY2023-Q2AdvancedAnnual report
「The company is proceeding with fixed-cost reductions, including the closure of its local subsidiaries in South Korea and Hong Kong and its representative offices in Qingdao and Ho Chi Minh City.」
Regarding business restructuring, the company stated that it had decided to close its local subsidiaries in South Korea and Hong Kong and its representative offices in Qingdao and Ho Chi Minh City. - FY2023-Q1First statedAnnual report
「We are currently considering the consolidation and elimination of overseas bases, the transfer of sales functions to Tokyo, the discontinuation of part of the business, and a reorganization from structures organized by item to structures organized by customer, and intend to give these measures concrete form at an early date.」
As part of its fixed-cost reductions and business restructuring, the company disclosed for the first time that it was considering discontinuing part of its business.