Insufficient properties for new stores and the risk of lower profitability after opening
First written in FY2017. 12 of 17 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 7 of 33 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「When selecting new properties, we require them to meet our proprietary store-opening criteria, including lease terms, pedestrian traffic in front of the store and characteristics of the trade area.」
The company continues to disclose the risks of insufficient properties meeting its store-opening criteria, lower profitability after opening and losses associated with store closures. - FY2022RestatedAnnual report
「As a result of closing the 7 stores whose closure had been decided in the previous fiscal year」
The 7 stores whose closure had been decided in connection with profitability and the concentration of management resources were closed. - FY2022-Q2MaterialisedAnnual report
「As a result of closing 7 stores whose closure had been decided in the previous fiscal year in order to concentrate management resources, the number of stores stood at 102 at the end of the second quarter accounting period.」
In connection with risks concerning profitability and store operations after opening, the 7 stores whose closure had been decided in the previous fiscal year were actually closed. - FY2021MaterialisedAnnual report
「Meanwhile, in light of the impact of the spread of COVID-19, 4 stores that were judged likely to require an especially long period to become profitable, as well as 3 stores whose fixed-term building leases had expired, were closed, for a total of 7 stores」
A total of 7 stores, including 4 stores judged likely to require a long time to become profitable, were closed, representing a further increase from the number of closures through the previous quarter. - FY2021-Q3MaterialisedAnnual report
「In light of the impact of the spread of COVID-19, 3 stores that were judged likely to require an especially long period to become profitable, as well as 3 stores whose fixed-term building leases had expired, were closed, for a total of 6 stores」
A total of 6 stores, including 3 stores judged likely to have difficulty becoming profitable after opening, were actually closed. The materialization of risks associated with lower profitability after opening and store closures expanded from the closure of 3 stores in the previous quarter. - FY2021-Q2MaterialisedAnnual report
「In late June, 3 stores that were expected to have difficulty generating sufficient future earnings for the same reason were closed」
In connection with the risk of lower profitability after opening and losses associated with store closures, 3 stores that were expected to have difficulty generating sufficient future earnings were actually closed. - FY2021-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risks concerning insufficient properties for new stores, lower profitability after opening and store closure costs. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risks concerning insufficient properties for new stores, lower profitability after opening and store closure costs. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risks concerning insufficient properties for new stores, lower profitability after opening and store closure costs. - FY2019RestatedAnnual report
「When selecting new properties, we require them to meet our proprietary store-opening criteria, including lease terms, pedestrian traffic in front of the store and characteristics of the trade area. Accordingly, if no property meets our criteria, our results may be affected if we are unable to open stores as planned.」
The company continues to disclose the risk of insufficient properties meeting its store-opening criteria, lower profitability after opening and store closure costs. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risks concerning insufficient properties for new stores and lower profitability after opening or losses associated with store closures. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risks concerning insufficient properties for new stores, lower profitability after opening and store closure costs. - FY2018RestatedAnnual report
「When selecting new properties, we require them to meet our proprietary store-opening criteria, including lease terms, pedestrian traffic in front of the store and characteristics of the trade area.」
The company continues to disclose the risks of insufficient properties meeting its store-opening criteria, lower profitability after opening and store closure costs. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risks concerning insufficient properties for new stores and lower profitability after opening or losses associated with store closures. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risks concerning insufficient properties for new stores and lower profitability after opening or losses associated with store closures. - FY2018-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the existing risks concerning insufficient properties for new stores and lower profitability after opening or losses associated with store closures. - FY2017First statedAnnual report
「When selecting new properties, we require them to meet our proprietary store-opening criteria, including lease terms, pedestrian traffic in front of the store and characteristics of the trade area. Accordingly, if no property meets our criteria, our results may be affected if we are unable to open stores as planned. In addition, if profitability declines significantly after opening due to a sudden change in the external environment or other factors, we may record an impairment loss. If we close stores because of poor performance or other reasons, we may incur losses on the disposal of fixed assets, penalties for terminating various contracts and other costs.」
The company identifies the absence of properties meeting its proprietary store-opening criteria, lower profitability after opening and losses associated with store closures as risks related to new store openings.