Making Sagami Group Holdings a Subsidiary and Strengthening the Traditional Japanese Clothing Business
First written in FY2018. 3 of 12 entries say "Restated". Latest entry: FY2024-Q2.
0 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「Meanwhile, the structural reforms at ㈱さが美 and ㈱東京ますいわ屋 continued to take hold, improving profitability.」
The company continues to explain that the structural reforms implemented at さが美 and 東京ますいわ屋 are taking hold and have improved profitability. - FY2023-Q3AdvancedAnnual report
「Structural reforms at Sagami Co., Ltd. and Tokyo Masuiwaya Co., Ltd. also took hold, improving profitability. As a result, net sales rose 3.9% year on year to ¥15,849 million, while the segment loss was ¥513 million, compared with a segment loss of ¥1,240 million in the same period of the previous year.」
The structural reforms at さが美 and 東京ますいわ屋 are taking hold, pointing to improved earnings power in the kimono-related business, while the segment loss has narrowed from the same period of the previous year. - FY2023-Q2AdvancedAnnual report
「Structural reforms at Sagami Co., Ltd. and Tokyo Masuiwaya Co., Ltd. also took hold, improving profitability.」
The structural reforms carried out at Sagami and Tokyo Masuiwaya took hold, specifically improving the profitability of the kimono-related business. - FY2022-Q2MitigatedAnnual report
「Despite the impact of reduced operating hours and temporary closures under developers' policies to prevent the spread of COVID-19, the impact was smaller than in the same period of the previous year. As a result, revenue was ¥10,189 million, up 23.4% year on year, and the segment loss was ¥834 million, compared with a segment loss of ¥1,711 million in the same period of the previous year.」
In the kimono-related business, including Sagami Group Holdings, the impact of shorter operating hours and temporary store closures related to COVID-19 diminished, with higher revenue and a smaller loss. - FY2022-Q1MitigatedAnnual report
「[Kimono-Related Business] Despite the impact of reduced operating hours and temporary closures under developers' policies to prevent the spread of COVID-19, the impact was smaller than in the same period of the previous year. As a result, revenue was ¥4,340 million, up 48.1% year on year, and the segment loss was ¥869 million, compared with a segment loss of ¥1,378 million in the same period of the previous year.」
In the traditional Japanese clothing-related business, the impact of shorter operating hours and temporary store closures related to COVID-19 diminished, resulting in higher revenue and a smaller segment loss than in the same period of the previous year. - FY2021-Q2WorsenedAnnual report
「Due to the impact of reduced operating hours and temporary closures under developers' policies to prevent the spread of COVID-19, revenue was ¥10,237 million, down 34.7% year on year, and the segment posted a loss of ¥1,586 million, compared with segment profit of ¥342 million in the same period of the previous year.」
The retail-store business, including Sagami Group Holdings, reported a substantial decline in revenue and a loss following the expansion of the business through consolidation, owing to shorter operating hours and temporary store closures related to COVID-19. - FY2020-Q3WorsenedAnnual report
「Although revenue was ¥22,947 million, up 19.1% year on year, the segment posted a loss of ¥5 million, compared with segment profit of ¥483 million in the same period of the previous year. This was partly due to the inclusion of first-quarter results for さが美グループホールディングス㈱, acquired in the previous fiscal year, in which expenses precede revenue.」
Although the consolidation of Sagami Group Holdings continued to increase revenue, the inclusion of first-quarter results, in which expenses precede revenue, caused the retail-store business to move from profit in the same period of the previous year to a loss. - FY2020-Q2RestatedAnnual report
「For Sagami Group Holdings Co., Ltd., acquired in the previous fiscal year, net sales rose 30.1% year on year to ¥15,666 million, although segment profit fell 56.7% to ¥342 million, owing in part to the impact of reflecting first-quarter results, in which expenses precede revenue, from the current fiscal year.」
The Company has continued to show the pattern of higher revenue from consolidating Sagami Group Holdings alongside lower profit resulting from the inclusion of first-quarter results, in which expenses precede revenue. - FY2020-Q1AdvancedAnnual report
「Although revenue was ¥7,169 million, up 104.9% year on year, the segment posted a loss of ¥369 million, compared with segment profit of ¥62 million in the same period of the previous year. This was partly due to the inclusion, from the current period, of first-quarter results for さが美グループホールディングス㈱, acquired in the previous consolidated fiscal year, when expenses precede revenue.」
For Sagami Group Holdings, which became a subsidiary in the previous fiscal year, first-quarter results, in which expenses precede revenue, have been reflected in performance from the current fiscal year, making the increase in retail-store revenue and recognition of a loss more pronounced. - FY2019-Q2RestatedAnnual report
「From the first quarter of the consolidated accounting period, Sagami Group Holdings Co., Ltd., whose shares were acquired and which became a subsidiary, and its 2 subsidiaries have been included in the scope of consolidation.」
The inclusion of Sagami Group Holdings and its 2 subsidiaries in the scope of consolidation has continued. The addition of the company to the consolidated group was also identified as a factor behind higher revenue in the retail-store business. - FY2019-Q1AchievedAnnual report
「From the first quarter of the current consolidated accounting period, Sagami Group Holdings Co., Ltd., whose shares were acquired and which became a subsidiary, and its 2 subsidiaries have been included in the scope of consolidation.」
Sagami Group Holdings and its 2 subsidiaries were incorporated into the consolidated accounts. The settlement commencement date for the tender offer was 22 June 2018, and the voting rights ratio after the acquisition was 89.71%; only the balance sheets were consolidated for the quarter. - FY2018First statedAnnual report
「The tender offer ended on 18 June 2018. As a result of the tender offer, the target became a consolidated subsidiary of the company on 22 June 2018. The voting rights ratio after the acquisition was 89.71%. The transaction was intended to strengthen the group’s traditional Japanese clothing business.」
Following the tender offer after the balance-sheet date, Sagami Group Holdings became a consolidated subsidiary with an 89.71% voting rights ratio.