Pressure on Earnings from Opening Costs for New Stores
First written in FY2017-Q1. 2 of 5 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2018: 5 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual reportThe current fiscal year's performance explanation contains no explicit statement that opening costs or advance investments associated with new store openings and renovations put pressure on profit.
- FY2017RestatedAnnual report
「Substantial investments in opening and renovating stores with promising future prospects were incurred in advance, while selling, general and administrative expenses increased due to an increase in employees associated with new store openings and higher personnel costs per temporary worker as a result of tight labor market conditions, among other factors,」
The company continues to explain that investments in opening and renovating promising stores were incurred in advance and are putting pressure on profit. - FY2017-Q3RestatedAnnual report
「This was affected by the advance incurrence of costs associated with substantial investments in opening and renovating stores with promising future prospects,」
The company continues to explain that substantial investment costs associated with opening and renovating promising stores were incurred in advance and are putting pressure on profit. - FY2017-Q2WorsenedAnnual report
「This was affected by the advance incurrence of costs associated with substantial investments in opening and renovating stores with promising future prospects, as well as higher fish prices due to adverse weather and other factors,」
The factors putting pressure on profit have expanded from temporary opening costs associated with new store openings to the advance incurrence of substantial investment costs for higher fish prices and store openings and renovations. - FY2017-Q1First statedAnnual report
「Operating profit was ¥49 million, down 44.4% from the same quarter of the previous year, due to a temporary increase in opening costs associated with new store openings.」
The temporary increase in opening costs associated with new store openings was reflected as a factor behind the decline in operating profit for the quarter.