Improving profitability by closing unprofitable stores
First written in FY2019-Q1. 9 of 14 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2018: 4 of 36 companies on the "Worse" side.
27 other companies' latest entry also says "Advanced".
- FY2024-Q1AdvancedAnnual report
「Meanwhile, 3 unprofitable restaurants were closed in March, leaving 110 restaurants during the cumulative consolidated period of the first quarter.」
The company addressed unprofitable stores by closing 3 stores in March. - FY2023AdvancedAnnual report
「Meanwhile, the company closed 7 unprofitable stores amid the COVID-19 pandemic. The number of stores at the end of the current consolidated fiscal year was 113.」
The company addressed unprofitable stores affected by the COVID-19 pandemic by closing 7 stores during the year. - FY2023-Q3AdvancedAnnual report
「Meanwhile, 2 unprofitable restaurants were closed due to the impact of COVID-19, leaving 114 restaurants during the cumulative consolidated period of the third quarter.」
The company addressed unprofitable stores by closing 2 stores during the cumulative third quarter. - FY2023-Q2AdvancedAnnual report
「Meanwhile, 3 unprofitable restaurants were closed due to the impact of COVID-19, leaving 116 restaurants during the cumulative consolidated period of the second quarter.」
Following the closure of 1 store in the first quarter, the company closed 3 unprofitable stores during the cumulative second quarter. - FY2023-Q1AdvancedAnnual report
「The company closed 1 unprofitable store amid the COVID-19 pandemic. The number of stores during the cumulative first quarter was 119.」
The company addressed unprofitable stores affected by the COVID-19 pandemic by closing 1 store during the quarter. - FY2022AdvancedAnnual report
「Meanwhile, the company closed 7 unprofitable stores amid the COVID-19 pandemic. The number of stores at the end of the current consolidated fiscal year was 119.」
The company closed 7 unprofitable stores affected by the COVID-19 pandemic, making concrete progress on exits to improve store profitability. - FY2021AdvancedAnnual report
「Meanwhile, the company closed 3 unprofitable stores amid the COVID-19 pandemic and 2 stores because their fixed-term business-use leasehold agreements expired, for a total of 5 stores. The number of stores at the end of the current consolidated fiscal year was 123.」
The company closed 3 unprofitable stores amid the infectious disease pandemic, bringing the total to 5 stores including 2 stores closed because their agreements expired. - FY2021-Q1AdvancedAnnual report
「In addition, as the spread of COVID-19 forced the closure of 3 unprofitable restaurants, temporary closures and shorter operating hours, the Group has worked to reduce expenses, including labor hours and rents, while expanding bento and takeout sales to secure revenue.」
In addition to the previously disclosed closure of 4 stores over the past year, the company has exited 3 stores amid the spread of infectious disease. - FY2020RestatedAnnual report
「For stores for which a decision has been made to exit and stores whose profitability has declined substantially, the company reduces the carrying amount of the asset group for the store to its recoverable amount and records the reduction as an impairment loss.」
The company continues to exit unprofitable stores and address stores with declining profitability. - FY2020-Q3RestatedAnnual report
「Profit before income taxes for the quarter declined because, among other factors, losses were incurred from exiting unprofitable stores.」
The company continues to exit unprofitable stores and incur related losses, indicating the cost burden of its profitability improvement measures. - FY2019RestatedAnnual report
「Revenue across all stores declined as customer traffic at existing stores fell below the prior-year level and unprofitable stores were closed.」
The company continues to close unprofitable stores as a measure to improve productivity and profitability, although this has also become a factor reducing revenue. - FY2019-Q3RestatedAnnual report
「Revenue declined partly because customer traffic fell as a result of closing 4 unprofitable stores over the past 1 year and shortening operating hours during unprofitable early-morning and late-night periods to improve productivity.」
The company continues to disclose that it closed 4 unprofitable stores over the past year and the impact of reduced customer traffic from shorter operating hours. - FY2019-Q2AdvancedAnnual report
「Revenue declined partly because customer traffic fell as a result of closing 4 unprofitable stores over the past 1 year and shortening operating hours during unprofitable early-morning and late-night periods to improve productivity.」
The company has progressed from the closure of 1 store disclosed previously to reporting that it closed 4 unprofitable stores over the past year. - FY2019-Q1First statedAnnual report
「Revenue declined due to the closure of 1 unprofitable store and the impact of stores that shortened operating hours during unprofitable early-morning and late-night periods, among other factors. Meanwhile, the resulting improvement in productivity from these measures reduced labour and energy costs, leading to increases in both operating income and ordinary income.」
The company closed 1 unprofitable store as part of measures implemented together with shorter operating hours. Although this reduced revenue, the company explained the resulting improvements in productivity, reductions in labor and energy costs, and increases in operating profit and ordinary income.