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Nafco (2790) · InitiativeAdvanced

Aggressive store openings through the strategic use of 4 business formats and the establishment of market dominance

First written in FY2016. 36 of 40 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-11-06.

40entries
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ProgressHeldSoftenedWorseAdvancedFY2017-Q1 – FY2018-Q3AdvancedFY2020-Q2 – 2026-11-062016: 220162017: 420172018: 420182019: 420192020: 420202021: 420212022: 320222023: 320232024: 320242025: 220252026: 72026
Same theme, other companies
Market-dominance store expansion using 4 business formatsA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. 2026-11-06AdvancedResults

    「During the period, 2 new stores were opened and 2 stores were closed, bringing the total to 359 stores across 35 prefectures at the end of the interim accounting period.」

    新設・閉設の実績と、店舗網が35府県・359店舗となったことを更新している。
  2. FY2027-H1AdvancedAnnual report

    「During the period, 2 new stores were opened and 2 stores were closed, bringing the total to 359 stores across 35 prefectures at the end of the interim accounting period.」

    During the interim accounting period, 2 new stores were opened and 2 stores were closed. The store network now comprises 359 stores across 35 prefectures, expanding from 34 prefectures in the previous fiscal year.
  3. FY2026AdvancedAnnual report

    「Regarding new store openings, 2 new stores were opened, while 3 stores were closed. As a result, the number of stores stood at 359 across 34 prefectures at the end of the fiscal year.」

    In FY2026, 2 new stores were opened and 3 stores were closed, resulting in a network of 359 stores across 34 prefectures.
  4. FY2026-H1AdvancedAnnual report

    「Regarding new store openings, 2 new stores were opened, while 3 stores were closed. As a result, the number of stores stood at 359 across 34 prefectures at the end of the interim accounting period.」

    During the interim accounting period, 2 new stores were opened and 3 stores were closed, resulting in a network of 359 stores across 34 prefectures.
  5. FY2025AdvancedAnnual report

    「Regarding new store openings, 3 new stores were opened, while 4 stores were closed. As a result, the number of stores stood at 360 across 34 prefectures at the end of the fiscal year.」

    During the fiscal year, 3 new stores were opened and 4 stores were closed, resulting in a network of 360 stores across 34 prefectures.
  6. FY2025-H1AdvancedAnnual report

    「Regarding new store openings, 3 new stores were opened, while 3 stores were closed. As a result, the number of stores stood at 361 across 34 prefectures at the end of the interim accounting period.」

    During the interim accounting period, 3 new stores were opened and 3 stores were closed, resulting in a network of 361 stores across 34 prefectures.
  7. FY2024AdvancedAnnual report

    「Regarding store expansion, 4 new stores were opened and 2 stores were closed, bringing the number of stores to 361 across 34 prefectures at the end of the fiscal year.」

    In FY2024, 4 new stores were opened and 2 stores were closed, resulting in a year-end store count of 361 across 34 prefectures. This was a net increase from 360 stores at the end of the previous quarter.
  8. FY2024-Q3AdvancedAnnual report

    「Regarding store expansion, 3 new stores were opened and 2 stores were closed, bringing the number of stores to 360 across 34 prefectures at the end of the third quarter accounting period.」

    During the nine-month period, 3 new stores were opened and 2 stores were closed. The year-end store count stood at 360 across 34 prefectures.
  9. FY2024-Q2AdvancedAnnual report

    「Regarding new store openings, 2 new stores were opened, while 1 store was closed. As a result, the number of stores stood at 360 across 34 prefectures at the end of the second quarter accounting period.」

    During the six-month period, 2 new stores were opened and 1 store was closed. The year-end store count stood at 360 across 34 prefectures.
  10. FY2024-Q1AdvancedAnnual report

    「Regarding new store openings, 1 new store was opened, bringing the number of stores to 360 across 34 prefectures at the end of the first quarter accounting period.」

    During the first quarter, 1 new store was opened, bringing the store network to 360 stores across 34 prefectures.
  11. FY2023-Q3AdvancedAnnual report

    「Regarding store expansion, 5 new stores were opened, 5 stores underwent expansion and renovation, and 1 store was closed. As a result, the number of stores stood at 363 across 34 prefectures at the end of the third quarter accounting period.」

    During the nine-month period, 5 new stores were opened, 5 stores underwent expansion and renovation, and 1 store was closed. The store network stood at 363 stores across 34 prefectures, up from 361 at the end of the previous quarter.
  12. FY2023-Q2AdvancedAnnual report

    「Regarding store expansion, 3 new stores were opened, 2 stores underwent expansion and renovation, and 1 store was closed. As a result, the number of stores stood at 361 across 34 prefectures at the end of the second quarter accounting period.」

    During the six-month period, 3 new stores were opened, 2 stores underwent expansion and renovation, and 1 store was closed, expanding the store network to 361 stores across 34 prefectures.
  13. FY2023-Q1AdvancedAnnual report

    「Regarding new store openings, 1 new store was opened, bringing the number of stores to 360 across 34 prefectures at the end of the first quarter accounting period.」

    During the first quarter, 1 new store was opened, bringing the store network to 360 stores across 34 prefectures.
  14. FY2022-Q3AdvancedAnnual report

    「Regarding store expansion, 4 new stores were opened, 3 stores were expanded and 1 store was renovated, while 2 stores were closed. As a result, the number of stores stood at 359 across 34 prefectures at the end of the third quarter accounting period.」

    During the nine-month period, 4 new stores were opened, 3 stores were expanded, 1 store was renovated and 2 stores were closed. The year-end store count stood at 359 across 34 prefectures.
  15. FY2022-Q2AdvancedAnnual report

    「Regarding store expansion, 2 new stores were opened, 2 stores were expanded and 1 store was renovated, while 1 store was closed. As a result, the number of stores stood at 358 across 34 prefectures at the end of the second quarter accounting period.」

    During the six-month period, 2 new stores were opened, 2 stores were expanded, 1 store was renovated and 1 store was closed. The store network stood at 358 stores across 34 prefectures.
  16. FY2022-Q1AdvancedAnnual report

    「Regarding new store openings, 1 new store was opened, bringing the number of stores to 358 across 34 prefectures at the end of the first quarter accounting period.」

    During the first quarter, 1 new store was opened, bringing the store network to 358 stores across 34 prefectures.
  17. FY2021AdvancedAnnual report

    「Regarding store expansion, 4 new stores were opened and 2 stores were expanded. At the same time, existing stores were reviewed and 5 stores were closed. As a result, the year-end store count stood at 357 across 34 prefectures, from Kagoshima Prefecture to Miyagi Prefecture.」

    During the fiscal year, 4 new stores were opened, 2 stores were expanded and 5 stores were closed, resulting in a network of 357 stores across 34 prefectures.
  18. FY2021-Q3AdvancedAnnual report

    「Regarding store expansion, 4 new stores were opened and 2 stores were expanded. At the same time, 3 stores were closed. As a result, the number of stores stood at 359 across 34 prefectures at the end of the third quarter accounting period.」

    During the nine-month period, 4 new stores were opened, 2 stores were expanded and 3 stores were closed, bringing the store count to 359 across 34 prefectures.
  19. FY2021-Q2AdvancedAnnual report

    「Regarding store expansion, 1 new store was opened and 1 store was expanded, while 2 stores were closed. As a result, the number of stores stood at 357 across 34 prefectures at the end of the second quarter accounting period.」

    During the six-month period, 1 new store was opened, 1 store was expanded and 2 stores were closed. The year-end store count stood at 357 across 34 prefectures.
  20. FY2021-Q1AdvancedAnnual report

    「Regarding new store openings, 1 new store was opened, bringing the number of stores to 359 across 34 prefectures at the end of the first quarter accounting period.」

    During the first quarter, 1 new store was opened, bringing the store network to 359 stores across 34 prefectures. The store count increased from 358 at the end of the previous fiscal year.
  21. FY2020AdvancedAnnual report

    「To strengthen our operating base, we worked on store expansion and strengthening existing stores, opening 1 new store, expanding 7 stores and renovating 1 store. At the same time, we reviewed existing stores and closed 9. As a result, the store network stood at 358 stores across 34 prefectures, from Kagoshima Prefecture to Miyagi Prefecture, at the end of the fiscal year.」

    During the fiscal year, the company opened new stores, expanded and renovated stores, and closed stores, resulting in a network of 358 stores across 34 prefectures.
  22. FY2020-Q3AdvancedAnnual report

    「We also worked on store expansion and strengthening existing stores, opening 1 new store, expanding 7 stores and renovating 1 store. At the same time, we reviewed existing stores and closed 8. As a result, the number of stores stood at 359 across 34 prefectures at the end of the third quarter accounting period.」

    During the nine-month period, 1 new store was opened, 7 stores were expanded, 1 store was renovated and 8 stores were closed. The store network stood at 359 stores across 34 prefectures.
  23. FY2020-Q2AdvancedAnnual report

    「We also worked on store expansion and strengthening existing stores, opening 1 new store, expanding 3 stores and renovating 1 store. At the same time, we reviewed existing stores and closed 3. As a result, the number of stores stood at 364 across 34 prefectures at the end of the second quarter accounting period.」

    During the six-month period, 1 new store was opened, 3 stores were expanded, 1 store was renovated and 3 stores were closed. The year-end store count stood at 364 across 34 prefectures.
  24. FY2020-Q1RestatedAnnual report

    「Our store strategy is to revitalize existing stores through expansion and renovation while developing stores suited to local areas and small, medium-sized and large trading areas, ranging from approximately 300 to 3,000 tsubo.」

    The company continues to target expansion and renovation of existing stores and store development according to each trading area, ranging from approximately 300 to 3,000 tsubo.
  25. FY2019RestatedAnnual report

    「To further strengthen our operating base, our policy is to pursue an aggressive store-opening program, using four store formats according to the population of each trading area: combined stores, standalone home improvement stores, standalone small-format home improvement stores of approximately 300 tsubo, and standalone Two-One Style stores. We will build a dominant store network and work to increase market share, while expanding and renovating existing stores.」

    The company has reaffirmed its policy of using four store formats according to each trading area, building a dominant network and increasing market share, and expanding and renovating existing stores. The annual store count was 366 across 34 prefectures, with no additional change from the immediately preceding third-quarter figure.
  26. FY2019-Q3AdvancedAnnual report

    「We also worked on store expansion to strengthen our operating base, opening 3 new stores, expanding 5 stores and renovating 2 stores. At the same time, we reviewed existing stores and closed 6. As a result, the number of stores stood at 366 across 34 prefectures at the end of the third quarter accounting period.」

    During the nine-month period, 3 new stores were opened, 5 stores were expanded, 2 stores were renovated and 6 stores were closed. The store network stood at 366 stores across 34 prefectures.
  27. FY2019-Q2AdvancedAnnual report

    「We also worked on store expansion to strengthen our operating base, opening 1 new store, expanding 1 store and renovating 2 stores. At the same time, we reviewed existing stores and closed 5. As a result, the number of stores stood at 365 across 34 prefectures at the end of the second quarter accounting period.」

    During the six-month period, 1 new store was opened, 1 store was expanded, 2 stores were renovated and 5 stores were closed. The year-end store count stood at 365 across 34 prefectures.
  28. FY2019-Q1AdvancedAnnual report

    「We also worked on store expansion to strengthen our operating base, opening 1 new store and expanding 1 store. At the same time, we reviewed existing stores and closed 2. As a result, the number of stores stood at 368 across 34 prefectures at the end of the first quarter accounting period, including 1 temporarily closed store.」

    During the first quarter, 1 new store was opened, 1 store was expanded and 2 stores were closed. The store network stood at 368 stores across 34 prefectures.
  29. FY2018RestatedAnnual report

    「To further strengthen our operating base, our policy is to pursue an aggressive store-opening program, using four store formats according to the population of each trading area: combined stores, standalone home improvement stores, standalone small-format home improvement stores of approximately 300 tsubo, and standalone Two-One Style stores. We will build a dominant store network and work to increase market share, while expanding and renovating existing stores.」

    The company has restated its policy of using four store formats according to each trading area, building a dominant network and increasing market share, and expanding and renovating existing stores. There has been no substantive change in the annual store-opening plan or store count since the third quarter.
  30. FY2018-Q3AdvancedAnnual report

    「We also worked on store expansion to strengthen our operating base, opening 5 new stores, expanding 4 stores and renovating 2 stores. At the same time, we reviewed existing stores and closed 7. As a result, the number of stores stood at 369 across 33 prefectures at the end of the third quarter accounting period, including 1 temporarily closed store.」

    During the nine-month period, 5 new stores were opened, 4 stores were expanded and 2 stores were renovated. After 7 stores were closed, the store count stood at 369 across 33 prefectures.
  31. FY2018-Q2AdvancedAnnual report

    「We also worked on store expansion to strengthen our operating base, opening 4 new stores and expanding 2 stores. At the same time, we reviewed existing stores and closed 7. As a result, the number of stores stood at 368 across 33 prefectures at the end of the second quarter accounting period, including 1 temporarily closed store.」

    During the six-month period, 4 new stores were opened and 2 stores were expanded, while 7 stores were closed. The year-end store count stood at 368 across 33 prefectures. The company also continues to plan store-format development by trading area and the building of a dominant network.
  32. FY2018-Q1AdvancedAnnual report

    「We also worked on store expansion to strengthen our operating base, opening 3 new stores and expanding 2 stores. At the same time, we reviewed existing stores and closed 3. As a result, the number of stores stood at 371 across 33 prefectures at the end of the first quarter accounting period, including 1 temporarily closed store.」

    During the first quarter, 3 new stores were opened and 2 stores were expanded. After 3 stores were also closed, the year-end store count stood at 371 across 33 prefectures.
  33. FY2017AdvancedAnnual report

    「Total capital expenditures and other investments for the fiscal year were ¥7,474 million, primarily for new store openings.」

    Capital expenditures for the fiscal year, mainly for new store openings, were stated as ¥7,474 million. The company opened 12 stores during the year and had 371 stores across 33 prefectures at year-end, and also described plans to open Saga and Ario Washinomiya stores in the next fiscal year.
  34. FY2017-Q3AdvancedAnnual report

    「We also worked on store expansion to strengthen our operating base, opening 12 new stores and expanding 4 stores. At the same time, we reviewed existing stores and closed 5. As a result, the number of stores stood at 371 across 33 prefectures at the end of the third quarter accounting period, including 1 temporarily closed store.」

    During the nine-month period, 12 new stores were opened, expanding the network to 371 stores across 33 prefectures. Store-format development by trading area and the building of a dominant network also continued.
  35. FY2017-Q1AdvancedAnnual report

    「We also worked on store expansion to strengthen our operating base, opening 4 new stores and expanding 1 store. As a result, the number of stores stood at 364 across 33 prefectures at the end of the first quarter accounting period.」

    During the quarter, 4 new stores were opened, expanding the network to 364 stores across 33 prefectures. We also continued building a dominant network by using combined stores and Two-One Style stores for large trading areas, 1,000- to 1,500-tsubo stores for medium-sized trading areas, and 300-tsubo stores for small trading areas.
  36. FY2016First statedAnnual report

    「As part of our aggressive store-opening policy, we will use four store formats according to the population of each trading area: combined stores, standalone home improvement stores, standalone small-format home improvement stores of approximately 300 tsubo, and standalone Two-One Style stores. We will build a dominant store network and work to increase market share.」

    The plan is to use four store formats according to each trading area, expanding the store network, including the 300-tsubo format, to build a dominant position and increase market share.
Moved together

"Review of Existing Stores and Closure of 4 Locations" moved the same way as this thread, in the same document, in 23 of its 40 moves.

232017754★123456
  1. ★This thread
  2. 1Review of Existing Stores and Closure of 4 Locations23×
  3. 2Revitalization through Floor-Space Expansion and Renovation of Existing Stores20×
  4. 3Improving Profitability through Gross Margin Improvement and SG&A Reductions17×
  5. 4Long-term, stable dividends and financial soundness7×
  6. 5Building dominant market positions in Kyushu, Chugoku, Kansai and Chubu and expanding trade areas into Kanto and elsewhere5×
  7. 6Strengthening product and sourcing capabilities through proprietary product development, high-quality products at attractive prices, and expanded imports4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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No upcoming earnings preview for Nafco yet. It last moved in the Results of 2026-11-06: "Advanced".
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Aggressive store openings through the strategic use of 4 business formats and the establishment of market dominance | NAFCO Co.,Ltd. (2790) | Komori