Store-operation risks arising from changes in shopping-center development and customer-attraction capabilities
First written in FY2017. 4 of 13 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2027-H1.
Palemo Holdings moved to the "Worse" side of this theme in 2017.
The whole theme swung hardest in 2017: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「During the interim consolidated accounting period, 5 new stores were opened and 5 stores were closed, resulting in 227 stores at the end of the period.」
The company remains dependent on leased stores in shopping centers, but the number of stores declined from 244 at the end of the previous fiscal year to 227, reducing this exposure. - 2026-03-17MaterialisedRevision of earnings forecasts
「Store closures resulting from renovations at commercial facilities and the expiration of leases exceeded initial assumptions.」
The disclosure states that store closures resulting from commercial-facility renovations and lease expirations exceeded assumptions, showing that operating risks associated with dependence on commercial facilities have materialized in the store network. - FY2026-H1MitigatedAnnual report
「During the opening and closing of stores, 7 new stores were opened and 17 stores were closed. As a result, the store count at the end of the interim consolidated period stood at 234.」
Dependence on leased stores in shopping centers continued, but the number of stores declined from 244 at the end of the previous fiscal year to 234, reducing this exposure. - FY2025MitigatedAnnual report
「At the end of the consolidated fiscal year, we operated 244 stores, most of which were leased tenant locations in shopping centers.」
Dependence on leased stores in shopping centers continued, but the number of stores declined from 277 at the end of the previous fiscal year to 244, reducing this exposure. The possibility of lease non-renewal and changes in customer-attraction capabilities continues to be disclosed. - FY2022-Q3RestatedAnnual report
「Even after the state of emergency was lifted in October, the recovery in foot traffic to large commercial facilities remained weak, but customer traffic began to recover as temperatures fell.」
Regarding the risk associated with dependence on the operating and customer-attraction environment of commercial facilities, the company states that foot traffic to large commercial facilities remained slow to recover even after the state of emergency was lifted. - FY2022-Q2MaterialisedAnnual report
「As a result of the third declaration of a state of emergency, issued in late April, shopping centers in major metropolitan areas closed during Golden Week, forcing up to 35 of our stores to close temporarily, while 115 stores operated on reduced hours, among other impacts.」
Operating restrictions at commercial facilities resulted in the temporary closure of 35 stores and reduced hours at 115 stores, and the risk arising from the store network’s dependence on commercial facilities continued to materialize. - FY2022-Q1MaterialisedAnnual report
「During Golden Week, which had the highest proportion of sales during the period, 35 stores in major metropolitan areas temporarily closed and 115 stores operated on reduced hours, among other impacts. As a result, sales remained approximately 40% below pre-COVID levels.」
The risk to store operations and customer traffic arising from operating restrictions at commercial facilities continued to materialize, specifically through the temporary closure of 35 stores and reduced hours at 115 stores in major metropolitan areas, with sales approximately 40% below pre-COVID levels. - FY2021-Q2WorsenedAnnual report
「Although customer traffic recovered from late June through early July as the number of new infections temporarily declined, infections surged again from late July, resulting in a significant decline in customer traffic, particularly at stores in central Kanto.」
Regarding the risk associated with dependence on commercial facilities and store customer traffic, the company states that customer traffic fell sharply again after a temporary recovery as infections increased once more. - FY2021-Q1MaterialisedAnnual report
「During Golden Week, which accounts for a high proportion of sales, approximately 60% of all stores were forced to close because commercial facilities voluntarily suspended operations.」
Approximately 60% of all stores actually closed because commercial facilities voluntarily suspended operations. The risk that dependence on the operating and customer-attraction environment of commercial facilities would affect business performance has materialized. - FY2018WorsenedAnnual report
「In addition to being affected by the opening of new shopping centers and tenant turnover at existing shopping centers, new store openings by our group are also affected by these factors. Furthermore, as fixed-term lease agreements account for an increasing proportion of our store-opening contracts, our group’s business performance may be affected if we are unable to renew a lease upon its expiration against our wishes.」
In addition to the existing customer-attraction and development environment for commercial facilities, the company explicitly identifies the increasing use of fixed-term lease agreements and the risk of being unable to renew them at expiration. - FY2018-Q3WorsenedAnnual report
「In the specialty retail industry to which our group belongs, operating conditions remained challenging as labor costs rose due to chronic shortages of sales staff, changes in the environment associated with the opening of new commercial facilities and the revitalization of existing facilities continued, and store operating and maintenance costs showed an increasingly strong tendency to rise beyond previous levels.」
The company states that changes in the operating environment associated with the opening of new commercial facilities and the revitalization of existing facilities are continuing, and that the cost of maintaining store operations is tending to rise more than ever. - FY2018-Q1WorsenedAnnual report
「The specialty retail industry to which we belong is not expected to see domestic market expansion because of the declining birthrate and aging population. Competition for customers among commercial facilities and specialty retailers has intensified further, and the distinction between winners and losers in the industry has become increasingly pronounced.」
The company explains that competition for customers among commercial facilities and specialty retailers has intensified further, making the distinction between winners and losers in the industry increasingly pronounced. - FY2017First statedAnnual report
「At the end of the fiscal year, we operated 495 stores, most of which were leased tenant locations in shopping centers, and were indirectly affected by laws and regulations governing the opening and operation of large-scale retail stores. In addition, changes in the development plans of developers building new shopping centers and trends in the customer-attraction capabilities of existing shopping centers may affect our business performance.」
The company explains that most of its 495 stores are leased locations in shopping centers, and that laws and regulations, developers' development plans, and the customer-attraction capabilities of existing facilities may affect business performance.