Creating a New Revenue Pillar Through the Development of New Business Formats
First written in FY2017. 8 of 14 entries say "Advanced", first in FY2018. Latest entry: FY2025.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In the casual Italian business, we opened restaurants in large suburban shopping centers in the previous fiscal year. This fiscal year, we will continue to expand into locations that can capture demand for special occasions and develop the market. We will also actively pursue openings within hotels.」
For the casual Italian business, the company continues its policy of developing the market through openings in locations that can capture demand for special occasions, in addition to large suburban shopping centers, and through openings within hotels. - FY2024RestatedAnnual report
「Within the casual restaurant group, we will seek to improve the profitability of existing stores while leveraging the potential of the business to develop new store models and cultivate the market.」
The company reaffirmed its policy of continuing to develop new restaurant models and explore markets. - FY2023RestatedAnnual report
「Within the casual restaurant group, we will seek to improve the profitability of existing stores while leveraging the potential of the business to develop new store models and cultivate the market.」
The company stated its policy of continuing to develop new restaurant models and explore markets. New openings during the current fiscal year were primarily existing-brand restaurants, and no additional new format names were disclosed. - FY2022AdvancedAnnual report
「In addition to the previously developed PIZZA SALVATORE CUOMO, we developed the “NIKU ICHIBA” format in the fiscal year ended February 2022. In the fiscal year ending February 2023, we will continue to develop and nurture new formats and brands that can make use of existing restaurant facilities.」
Regarding the development of new restaurant formats, the company reported the specific progress of expanding the “NIKU ICHIBA” format and indicated its policy of continuing to develop and nurture new brands using existing facilities in the following fiscal year. - FY2021RestatedAnnual report
「Within the casual restaurant group, we will seek to improve the profitability of existing stores while leveraging the potential of the business to develop new store models and cultivate the market.」
The company continues to develop new restaurant models and explore markets as measures to identify a new earnings pillar. - FY2020AdvancedAnnual report
「In December 2019, CĒ LA VI TOKYO, operated by the equity-method affiliate ICONIC LOCATIONS JAPAN Co., Ltd., opened in Shibuya-ku, Tokyo.」
The company reported specific progress in the new restaurant business through its joint venture with ICONIC LOCATIONS JAPAN: CĒ LA VI TOKYO opened in December 2019. - FY2020-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 18 December 2019, the company resolved to lend ¥105 million to its equity-method affiliate ICONIC LOCATIONS JAPAN and executed the loan on 30 December 2019.」
The company resolved to lend ¥105 million to ICONIC LOCATIONS JAPAN and executed the loan on 30 December 2019. This represented further funding for the joint venture following the previously disclosed loan. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 17 September 2019, the company resolved to lend ¥93.6 million to its equity-method affiliate ICONIC LOCATIONS JAPAN and executed the loan on 26 September 2019.」
The company resolved to lend ¥93.6 million to ICONIC LOCATIONS JAPAN and executed the loan on 26 September 2019. The subsequent event disclosure reported specific progress in providing funds to the joint venture. - FY2020-Q1SoftenedAnnual report
「In the casual restaurant group, there were no new openings, and the Group focused on improving service and food quality at existing stores.」
There were no new openings following the opening of the new-format restaurants reported through the previous quarter, and no specific progress in developing new formats was reported for the current quarter. - FY2019-Q3AdvancedAnnual report
「From the third quarter of the current fiscal year, because the company and ICONIC LOCATIONS HK HOLDING LIMITED established ICONIC LOCATIONS JAPAN Co., Ltd., the company has included it within the scope of equity-method affiliates.」
Regarding the joint venture with ICONIC LOCATIONS approved in the previous fiscal year, the company reported progress in establishing ICONIC LOCATIONS JAPAN Co., Ltd. and making it an equity-method affiliate. The ownership interest was stated as 50%. - FY2019-Q2AdvancedAnnual report
「The Group also promoted the rollout of new formats, opening STEAK THE FIRST Takadanobaba in June 2018 and Iori STEAK & SPICE in July of the same year.」
The company reported specific progress in expanding the new restaurant format, with 2 restaurants opened in June and July 2018. - FY2019-Q1AdvancedAnnual report
「The group promoted the rollout of the new STEAK THE FIRST format. In March 2018, G7 CRAFT BEER HIGHBALL changed its format to STEAK THE FIRST 四谷, and SALVATORE CUOMO & BAR 日本橋 changed its format to STEAK THE FIRST 日本橋.」
The company reported specific progress in developing the new restaurant format “STEAK THE FIRST,” changing the format of 2 restaurants in March 2018. - FY2018AdvancedAnnual report
「At a meeting of the Board of Directors held on 24 May 2018, the company resolved to establish a joint venture with Iconic Locations Limited to jointly develop a new restaurant business in Japan, as described below. Ownership interests after acquisition: Iconic Locations Limited 50%; the company 50%.」
As a measure related to new restaurant formats and a new earnings pillar, the company resolved to establish a 50-50 joint venture with Iconic Locations Limited. Plans to open a restaurant at Tokyu Plaza Shibuya were also presented. - FY2017First statedAnnual report
「At the same time, we will also work to develop new restaurant formats.」
The company identified the development of new restaurant formats as a measure for future restaurant expansion and strengthening its earnings base.