This decision to cut loose Advangen Japan is an interesting one. Reason given is they made a loss in the '22 year and seem to think they will again next year. Just casting back over the 2020 & 2021 years (not to mention beforehand) ... the only segment to make a profit was JAPAN!
A material change was, of course, the resignation of the then CEO - Mr Koichiro Koike. Was the loss attributable to this? Apparently not - it was mainly due to conditions caused by the Coof!
So, on the above basis, that is, they were given the flick because dared to make a loss - why didn't they also get rid of the main two losers...The Aussie and Yankie segments (who have never made a profit but were also presumably affected by the Coof)?
I still think this company is just another toy for an investment company. The shampoo is a side hustle.
This decision to cut loose Advangen Japan is an interesting one....
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Mkt cap ! $2.481M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
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