Converting the Singapore business to a franchise operation
First written in FY2024. 1 of 3 entries say "Achieved", first in FY2024. Latest entry: FY2026-H1.
The whole theme swung hardest in 2021: 8 of 55 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「As the Group reviews its overseas operating structure by market, it changed its Singapore business from franchising to directly operated stores in light of Singapore’s strategic importance to its future expansion in Southeast Asia.」
The policy changed from the conversion of the Singapore business to a franchise operation achieved in 2024, and the company changed from franchising to directly operated stores by acquiring the shares on 2 June 2026. Singapore is positioned as a hub for expansion in ASEAN, with efforts focused on improving operating efficiency, speeding up decision-making and strengthening earnings power. - 2026-05-26DroppedM&A and Subsidiary ChangesSuggests it is closing out
「Given its strategic importance to our future expansion in Southeast Asia, we have decided to transition the Singapore business from a franchise model to directly operated stores.」
The decision to transition the Singapore business to direct operation indicates the end of the previous franchise model. - FY2024AchievedAnnual report
「January 2024: Transferred the Singapore business to ZOFF I SINGAPORE PTE. LTD., the franchisee, and converted the Singapore business to a franchise operation.」
The share transfer was carried out to accelerate the growth of the Zoff business by leveraging the franchise partner’s network and expansion capabilities.