Liquidation of the Shanghai Business and Concentration on Overseas Franchising
First written in FY2016. 2 of 8 entries say "Restated". Latest entry: FY2024-Q3.
0 other companies' latest entry also says "Dropped".
- FY2024-Q3DroppedAnnual report
「The overseas franchise business operated 101 stores at the end of the third quarter of the current consolidated accounting period, comprising 48 stores in Thailand, 44 in Taiwan and 9 in Indonesia.」
The year-end store breakdown for overseas franchise operations does not list any stores in Shanghai, China, and the Shanghai franchise rollout that was listed in the previous quarter has disappeared again from this filing. - FY2022RestatedAnnual report
「The overseas franchise business operated 101 stores, comprising 46 stores in Thailand, 43 in Taiwan, 11 in Indonesia and 1 in Shanghai, China.」
The overseas franchise operations continue to be reported, including 1 franchise store in Shanghai. - FY2022-Q3Shanghai franchise stores listed againAnnual report
「The overseas franchise business operated 100 stores at the end of the third quarter of the current consolidated accounting period, comprising 46 stores in Thailand, 41 in Taiwan, 12 in Indonesia and 1 in Shanghai, China.」
Shanghai had disappeared from the overseas franchise store breakdown at the end of FY2021, but this filing again lists 1 franchise store in Shanghai, China. - FY2021DroppedAnnual report
「The overseas franchise business operated 100 stores at the end of the current consolidated fiscal year, comprising 47 stores in Thailand, 41 in Taiwan and 12 in Indonesia.」
Shanghai was no longer included in the overseas franchise store breakdown at period-end, and the reference to Shanghai franchise operations disappeared from this filing. - FY2019-Q2Shanghai franchise store count declines as closures outnumber openingsAnnual report
「Although 5 new stores opened, comprising 1 in Shanghai, China, 1 in Thailand, 2 in Taiwan and 1 in Indonesia, 5 stores closed, comprising 2 in Thailand, 2 in Shanghai, China, and 1 in Taiwan. As of the end of the second quarter of the current consolidated accounting period, the company operated 92 stores: 43 in Thailand, 33 in Taiwan, 12 in Indonesia, 3 in Shanghai, China, and 1 in Ho Chi Minh City, Vietnam.」
While 1 new store opened in Shanghai, 2 stores closed, reducing the Shanghai franchise store count from 5 at the end of the previous quarter to 3. - FY2019-Q1RestatedAnnual report
「1 new store opened in Shanghai, China, bringing the number of stores in Shanghai, China, to 5 as of the end of the first quarter of the current consolidated accounting period.」
Following the liquidation of the directly operated Shanghai subsidiary, operations in Shanghai continued through franchise stores. - FY2017AchievedAnnual report
「大戸屋（上海）餐飲管理有限公司, formerly a consolidated subsidiary, was excluded from the scope of consolidation after its liquidation was completed.」
The liquidation of the Shanghai business was completed, and it was excluded from the scope of consolidation. - FY2016First statedAnnual report
「We decided to liquidate our subsidiary OOTOYA (Shanghai) Catering Management Co., Ltd. and pursued greater efficiency, including by concentrating our operations in China on franchising.」
The Group indicated that it would liquidate its Shanghai company-owned subsidiary and shift its China operations toward a franchise-led model.