Temporary Decline in Earnings Due to Listing Expenses and New-Store Opening Preparation Costs
First written in FY2016-Q3. 14 of 16 entries say "Materialised", first in FY2016. Latest entry: FY2020.
Brass moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「During the current fiscal year, the company recorded these opening costs. It also recorded an impairment loss of ¥373.667 million on certain existing stores.」
In addition to opening costs for new stores, an impairment loss of ¥373.667 million on existing stores was recorded. - FY2020-Q3MaterialisedAnnual report
「During the nine-month period ended in the current third quarter, the company recorded these opening costs. In addition, it recorded an impairment loss of ¥363.413 million on certain existing stores, primarily due to the spread of COVID-19.」
While opening costs for new stores continued to be recorded, an impairment loss of ¥363.413 million on existing stores was incurred, primarily due to COVID-19. - FY2020-Q2Continued recognition of opening costs and higher profitAnnual report
「In January 2020, the company grand-opened the dress shop Be Dresser Nagoya Station (Nagoya City, Aichi Prefecture). During the six-month period ended in the current second quarter, the company recorded the associated opening costs.」
Although the recording of opening costs for new stores continued, operating income and other figures for the six-month period ended in the current second quarter exceeded the year-earlier period. - FY2020-Q1MaterialisedAnnual report
「Regarding store expansion, the company opened preparation offices for the wedding venues “アコールハーブ (Funabashi City, Chiba Prefecture)” in July 2019 and “アトールテラス鴨川 (Kyoto City, Kyoto Prefecture)” in August 2019, and began accepting bookings ahead of their grand openings. The company also plans to grand-open the dress shop “ビードレッセ名古屋駅店 (Nagoya City, Aichi Prefecture)” in January 2020 and recognized opening costs for these stores during the cumulative first-quarter period.」
Opening costs associated with preparing new stores and a dress shop were recorded. Meanwhile, profit for the quarter exceeded the year-earlier period. - FY2019MaterialisedAnnual report
「The company increased advertising expenses, including website renewal and advertising placements in Zexy, by ¥61.658 million year on year, and hired additional personnel for new store openings, increasing expenses by ¥188.848 million year on year, among other measures to improve customer acquisition and establish an order-taking structure.」
Costs associated with new store openings, higher advertising expenses and additional hiring were incurred, and selling, general and administrative expenses increased 11.1% year on year. - FY2019-Q3MaterialisedAnnual report
「The company increased advertising expenses, including website renewal and advertising placements in Zexy, by ¥60.834 million year on year, and hired additional personnel for new store openings, increasing expenses by ¥142.860 million year on year, among other measures to improve customer acquisition and establish an order-taking structure. These costs were intended to contribute to future sales and led to increases in the number of new visitors and orders.」
Higher advertising expenses, additional hiring for new store openings and opening costs were incurred, and operating income and other figures for the nine-month period ended in the current third quarter fell below the year-earlier period. - FY2019-Q2MaterialisedAnnual report
「In addition to the impact of repair expenses resulting from typhoon damage, the company increased advertising expenses, including website renewal and advertising placements in Zexy, by ¥72.556 million year on year, and hired additional personnel for new store openings, increasing expenses by ¥103.149 million year on year, among other measures to improve customer acquisition and establish an order-taking structure.」
Repair expenses from typhoon damage, personnel costs for new store openings and advertising expenses were incurred, and operating income and other figures for the six-month period ended in the current second quarter fell below the year-earlier period. - FY2019-Q1MaterialisedAnnual report
「In addition to the impact of repair expenses resulting from typhoon damage, the company increased advertising expenses, including website renewal and advertising placements in Zexy, by ¥41.192 million year on year, and hired additional personnel in anticipation of new store openings, increasing expenses by ¥45.255 million year on year. As a result, revenue for the six-month period ended in the current first quarter was ¥2,349.578 million, down 5.0% year on year; operating income was ¥28.623 million, down 87.2%; ordinary income was ¥35.505 million, down 84.5%; and net income was ¥17.183 million, down 87.4%.」
Repair expenses from typhoon damage, new-store-related costs, advertising expenses and costs associated with additional hiring were incurred, causing operating income and other figures to fall substantially below the year-earlier period. - FY2018MaterialisedAnnual report
「Selling, general and administrative expenses for the current fiscal year were ¥5,385.008 million, up 12.7% from the previous fiscal year, an increase of ¥604.709 million. This was mainly due to business expansion, which resulted in increases of ¥160.921 million in personnel expenses, ¥53.180 million in rent and ¥54.601 million in advertising and promotional expenses. As a result, operating income for the current fiscal year was ¥691.180 million, down 15.5% from the previous fiscal year, a decrease of ¥127.192 million.」
Personnel expenses, rent and advertising and promotional expenses increased as the business expanded, resulting in a 15.5% year-on-year decline in operating income. - FY2018-Q3MaterialisedAnnual report
「In addition to recording ¥48.500 million in opening costs for Horizon Blue (Numazu City, Shizuoka Prefecture), mainly equipment and supplies costs, the company carried out ¥68.415 million in renovation work aimed at expanding the future revenue of existing stores. It also hired additional personnel to support further expansion of its operating area, including by selecting candidate sites for openings from the next fiscal year onward, resulting in a ¥180.534 million year-on-year increase in personnel expenses.」
The company stated that opening costs for new stores, renovation costs for existing stores and higher personnel expenses associated with additional hiring were incurred, and that operating income, ordinary income and net income for the cumulative period fell below the year-earlier period. - FY2018-Q2MaterialisedAnnual report
「During the six-month period ended in the current second quarter, in addition to recording ¥48.500 million in opening costs for Horizon Blue (Numazu City, Shizuoka Prefecture), mainly equipment and supplies costs, the company carried out ¥60.884 million in renovation work aimed at expanding the future revenue of existing stores. It also hired additional personnel to support further expansion of its operating area, including by selecting candidate sites for openings from the next fiscal year onward, resulting in a ¥124.154 million year-on-year increase in personnel expenses.」
The company stated that opening costs for new stores, renovation costs for existing stores and higher personnel expenses associated with additional hiring were incurred, and that operating income, ordinary income and net income for the quarter fell below the year-earlier period. - FY2018-Q1MaterialisedAnnual report
「In addition to recording ¥48.500 million in opening costs for Horizon Blue (Numazu City, Shizuoka Prefecture), mainly equipment and supplies costs, the company also carried out ¥28.588 million in renovation work aimed at expanding the future revenue of existing stores.」
The company stated that opening costs for a new store and renovation costs for existing stores were recorded, and that operating income, ordinary income and net income for the quarter fell below the year-earlier period. - FY2017MaterialisedAnnual report
「This was mainly attributable to ¥1,490.307 million in expenditures for the acquisition of property, plant and equipment and ¥305.000 million in expenditures for the acquisition of a business.」
Expenditures for investment in new-store facilities and the acquisition of a business were incurred, resulting in cash outflows from investing activities of ¥1,814.690 million. - FY2017-Q3MaterialisedAnnual report
「The company recorded ¥3.253 million in stock issuance costs and ¥20.896 million in stock listing expenses as non-operating expenses.」
Stock listing expenses related to the market transfer and third-party allotment were actually recorded. - FY2016MaterialisedAnnual report
「The company recorded ¥8.608 million in stock issuance costs and ¥11.760 million in stock listing expenses as non-operating expenses. In addition, property, plant and equipment increased in connection with the opening of Miel Citron and Miel Cocon.」
It can be confirmed that listing-related expenses and investments and costs associated with opening new stores were actually recorded. - FY2016-Q3First statedAnnual report
「Earnings temporarily declined due to one-time advertising and promotional expenses and listing expenses associated with the stock listing, as well as advertising and promotional expenses, equipment and supplies costs, and other opening preparation costs for the opening of Blanc Rire Osaka (Osaka City, Osaka Prefecture), scheduled for July 2017.」
The company stated that costs associated with the listing and the future opening of new stores were incurred, resulting in a temporary decline in earnings.