Exit from and Sale of Non-Core Businesses
First written in FY2016-Q3. 15 of 21 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2025.
22 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The company decided to transfer the property, plant and equipment described below in order to improve the profitability of the relevant business by withdrawing from some of its operating stores.」
To improve store profitability, the company entered into an agreement to transfer fixtures and other equipment at karaoke and food-service stores, and delivered the assets for 7 stores on 1 October 2025. - FY2025-H1AdvancedAnnual report
「The company opened 2 new stores during the interim consolidated accounting period.」
The company opened additional collaboration-focused stores, moving its existing new-store opening policy into the concrete launch of stores. - FY2024-Q1AdvancedAnnual report
「Store closure losses － 248」
The company recognized ¥248 thousand in store closure losses during the first quarter of the consolidated fiscal year, reflecting the store withdrawals in its accounts. - FY2023-Q2RestatedAnnual report
「The company pursued a profit-focused approach by closing unprofitable stores and changing the business formats of multi-level stores to businesses within the group, comprising 1 food-service store and 2 beauty-service stores.」
The company continues to streamline non-core and low-profitability stores by closing unprofitable stores and changing the business formats of 3 multi-level stores to food-service and beauty-service businesses. - FY2023-Q1AdvancedAnnual report
「The company pursued a profit-focused approach by closing 3 unprofitable stores and changing the business formats of multi-level stores to businesses within the group, comprising 1 food-service store and 2 beauty-service stores.」
The company specifically streamlined stores and changed business formats by closing 3 unprofitable stores and converting multi-level stores to 1 food-service location and 2 beauty-service locations. - FY2022AdvancedAnnual report
「In this environment, the group actively promoted the closure of karaoke stores whose profitability it judged difficult to recover due to the impact of COVID-19, with the aim of improving future profitability.」
The company continued to pursue store selection and closures to improve profitability, explicitly maintaining its full-year policy of actively closing karaoke stores whose profitability was difficult to recover. - FY2022-Q2RestatedAnnual report
「The company pursued a profit-focused approach by closing 1 unprofitable store and reducing floor space.」
The company continues to streamline stores with a focus on profitability by closing unprofitable stores and reducing floor space. - FY2022-Q1AdvancedAnnual report
「In its operations, the company pursued a profit-focused approach by closing 1 unprofitable store and reducing its floor space.」
The company closed 1 unprofitable store and reduced floor space, continuing to streamline stores with a focus on profitability. - FY2021-Q3AdvancedAnnual report
「The main factor was an increase of ¥2,496 million in long-term borrowings resulting from the execution of the aforementioned term loan agreement, among other factors.」
As a result of transferring or closing stores whose profitability was difficult to recover, lease and guarantee deposits associated with the withdrawal from karaoke stores decreased by ¥188 million. Store streamlining is also reflected in the company’s financial position. - FY2021-Q2AdvancedAnnual report
「Funds generated from investing activities included ¥155 million from the sale of property, plant and equipment associated with store closures and ¥56 million from the recovery of lease and guarantee deposits, among other items.」
The store closure policy progressed into execution, with ¥155 million in proceeds from the sale of property, plant and equipment associated with store closures and ¥56 million from the recovery of lease and guarantee deposits. - FY2021-Q1AdvancedAnnual report
「The company actively promoted the transfer or closure of stores whose profitability was considered difficult to recover in the post-COVID environment, while also streamlining head office and corporate administration costs.」
For stores whose profitability was difficult to recover, the company translated its existing policy of streamlining unprofitable stores into an active policy of transfers or closures. As a subsequent event, it also withdrew from the Tsurumi store and sold the building and leasehold rights. - FY2019-Q2RestatedAnnual report
「The real estate leasing business performed as planned, but the company’s wholly owned consolidated subsidiary, TETSUJIN USA Inc., closed its one entertainment restaurant operated within the Guam Reef ＆ Olive Spa Resort in the Tumon district of the Territory of Guam, United States, in October 2018.」
The company continues to report the Guam entertainment restaurant as closed. - FY2019-Q1AdvancedAnnual report
「To rebuild the foundation for renewed growth in its core karaoke business, the company decided to dissolve and liquidate its Guam subsidiary in order to use management resources more effectively and improve management efficiency.」
The streamlining of non-core businesses progressed to the point where the company decided to dissolve and liquidate its Guam subsidiary. - FY2018AdvancedAnnual report
「Competition is intensifying as competitors concentrate new openings in busy downtown locations, but as part of its shift toward growth, the company actively closed unprofitable stores, closing 10 stores.」
The company increased the number of unprofitable store closures from 7 to 10. It also resolved to dissolve and liquidate TETSUJIN USA Inc. as a subsequent event after the filing date. - FY2018-Q3AdvancedAnnual report
「As part of its shift toward growth, the company actively closed unprofitable stores. As a result of closing 7 stores, the total number of stores for the period was 56.」
The company proceeded with the closure of unprofitable stores and closed 7 stores during the 3-month period of the first 9 months of the fiscal year. - FY2018-Q1RestatedAnnual report
「For underperforming stores, the company decides on closures as appropriate to prevent continued losses.」
The company has reaffirmed its policy of preventing continued losses by withdrawing from underperforming stores, but no specific store closures are reported for the quarter. - FY2017AdvancedAnnual report
「We decided to withdraw from the development of new businesses, including the T.R. Project, and to record software assets as an impairment loss under extraordinary losses, while seeking ways to make effective use of them.」
In addition to streamlining the non-core businesses, the company decided to withdraw from the T・R Project, for which total development investment was approaching ¥1 billion, and recognized an impairment loss on the related software assets. - FY2017-Q3AdvancedAnnual report
「Regarding store openings and closures, we opened the Ikebukuro East Exit Sunshine Street location and acquired the operating rights, including goodwill, for the Voice restaurant-karaoke venue in Nishi-Azabu. Meanwhile, we closed the Gyotoku location, where profitability had deteriorated. Going forward, while continuing to consider new store openings, mainly in central Tokyo, we will also consider withdrawing from locations where it has become difficult to highlight our distinctive features, working to improve both sales growth and profitability.」
In addition to opening the Ikebukuro East Exit location and acquiring the operating rights for Voice, the company closed the Gyotoku location after its profitability deteriorated. It is considering new store openings alongside the withdrawal from unprofitable locations and locations where it is difficult to highlight distinctive features. - FY2017-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 8 March 2017, the company resolved to withdraw from certain locations in its manga café, or multifunctional café, operations because of the landlord's circumstances. Accordingly, it expects to record ¥122 million in compensation received as extraordinary income in the third quarter of the fiscal year ending August 2017.」
The company disclosed that it had proceeded to the resolution to withdraw from certain locations in its non-core manga café business and expected to record ¥122 million in compensation received in the third quarter of the following fiscal year. - FY2016RestatedAnnual report
「As announced on 31 July 2015, all shares held in Karafuneya Coffee Co., Ltd. were transferred to J.R. West Japan Food Service Net Co., Ltd.」
The company reiterates the sale of the coffee shop business and the continuation of liquidation procedures for its Taiwan locations. - FY2016-Q3First statedAnnual report
「As announced on 31 July 2015, all shares held in Karafuneya Coffee Co., Ltd. were transferred to J.R. West Japan Food Service Net Co., Ltd. In addition, as announced on 26 January 2015, procedures are under way to liquidate Tetsujin Inc., which operated one full-service coffee shop.」
In addition to the sale and liquidation of the coffee shop businesses, the company describes the withdrawal from unprofitable manga café locations and the billiards and darts businesses.