Improving profitability by exiting unprofitable stores
First written in FY2017-Q1. 3 of 4 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2017.
The whole theme swung hardest in 2018: 4 of 36 companies on the "Worse" side.
27 other companies' latest entry also says "Advanced".
- FY2017AdvancedAnnual report
「Operating profit was ¥110 million, compared with an operating loss of ¥80 million in the previous fiscal year, as profitability improved following the withdrawal from unprofitable stores in the nail salon operations business.」
The improvement in profitability following the withdrawal from unprofitable stores is reflected in annual operating profit of ¥110 million, compared with an operating loss of ¥80 million in the previous fiscal year. - FY2017-Q3AdvancedAnnual report
「Revenue from Other Businesses increased 15.6% year on year to ¥1,301 million, while operating profit was ¥101 million, compared with an operating loss of ¥24 million in the same quarter of the previous year, due to the revenue contribution from the Arena Business and improved profitability in the nail salon operations business following the withdrawal from unprofitable stores.」
The improvement in profitability following the withdrawal from unprofitable stores is reflected in operating profit of ¥101 million, compared with an operating loss of ¥24 million in the same quarter of the previous year. - FY2017-Q2AdvancedAnnual report
「Operating profit in Other Businesses increased 210.6% year on year to ¥89 million, as profitability improved in the nail salon operations business following the withdrawal from unprofitable stores.」
The improvement in profitability following the withdrawal from unprofitable stores is reflected in operating profit of ¥89 million, up 210.6% year on year. - FY2017-Q1First statedAnnual report
「Overall revenue declined because of the withdrawal from unprofitable stores carried out in the previous fiscal year and earlier.」
Although overall sales declined following the withdrawal from unprofitable stores, the disclosure states that operating profit improved as a result of improved profitability.