Closure of 2 stores amid worsening external conditions
First written in FY2019-Q2. 4 of 10 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2025-H1.
The whole theme swung hardest in 2023: 7 of 20 companies on the "Worse" side.
1 other company's latest entry also says "Cited as achieved".
- FY2025-H1Cited as achievedAnnual report
「Although the closure of the restaurant "Argento" (Ginza) on 31 March 2024 had an impact」
The closure of Argento (Ginza) on 31 March 2024 was cited as a past store portfolio change that affected the restaurant business during the current interim consolidated accounting period. - FY2023AdvancedAnnual report
「December 2022: "Restaurant Hiramatsu Reserve" closed」
In connection with the review of the store portfolio, Restaurant Hiramatsu Reserve closed in December 2022. - FY2021AdvancedAnnual report
「As part of efforts to maximize revenue and earnings through store portfolio optimization, the company closed "Brasserie Paul Bocuse Hakata" (Fukuoka) and "Ristorante Orchestrata" (Nara) upon expiration of their lease agreements.」
As part of store portfolio optimization, the Hakata store and Ristorante Orchestrata in Nara were closed. - FY2021-Q3AdvancedAnnual report
「The company recorded an impairment loss on assets for which there was no longer any prospect of future use at stores where it had decided to end operations upon expiration of their fixed-term building lease agreements.」
For the store in Fukuoka City, the company decided to end operations upon expiration of its fixed-term building lease agreement and recorded a related impairment loss of ¥12.114 million. - FY2020AchievedAnnual report
「February 2020 "Restaurant Hiramatsu Paris" closed」
The closure of the Paris store, decided in the third quarter, was carried out in February 2020. - FY2020-Q3AdvancedAnnual report
「To address the domestic labor shortage, the company decided to close the Paris store, which had been temporarily closed, and recorded an impairment loss on the store's fixed assets together with the closure.」
The company decided to close the Paris store, which had been temporarily closed to address the domestic labor shortage, and recorded the related impairment loss. - FY2020-Q2RestatedAnnual report
「Revenue declined year on year, mainly because revenue from 4 stores decreased as a result of closures and transfers carried out in the previous consolidated fiscal year.」
The decline in revenue from 4 stores due to closures and transfers carried out in the previous fiscal year continued to be the main factor behind the revenue decline through the second quarter. - FY2020-Q1Revenue decline at 4 stores due to closures and transfers became apparentAnnual report
「In the first quarter of the current consolidated cumulative period, revenue declined year on year, mainly because revenue from 4 stores decreased as a result of closures and transfers carried out in the previous consolidated fiscal year.」
As a result of closures and transfers carried out in the previous consolidated fiscal year, the decline in revenue from 4 stores emerged as a factor behind the first-quarter revenue decrease. - FY2019AchievedAnnual report
「Upon expiration of their fixed-term building lease agreements, the stores were closed, with the final business day set as 31 December 2018 for "Iconic" and 14 January 2019 for "Brasserie Paul Bocuse La Maison," and a store closure loss of ¥417 million was recorded as an extraordinary loss.」
The 2 stores whose external operating environment had changed significantly were closed, and their final business days and the store closure loss of ¥417 million were confirmed in the full-year results. - FY2019-Q2First statedAnnual report
「After restaurants were launched, the external environment surrounding 2 stores, including their surrounding locations and neighboring tenants, changed significantly. Following a review of whether operations should continue at "Iconic" (Chuo-ku, Tokyo) and "Brasserie Paul Bocuse La Maison" (Nagoya, Aichi), the company concluded that the operating environment was no longer appropriate. At a meeting of the Board of Directors held on 9 November 2018, it decided to close the 2 stores upon expiration of their fixed-term building lease agreements, with the final business day set as 31 December 2018 for "Iconic" and 14 January 2019 for "Brasserie Paul Bocuse La Maison," and recorded a store closure loss of ¥417 million as an extraordinary loss.」
The company decided to close 2 stores whose external operating environment had changed significantly upon expiration of their fixed-term building lease agreements, and disclosed their final business days and a store closure loss of ¥417 million.