Profitability pressure from rising existing-store renewal costs
First written in FY2018-Q3. 5 of 12 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2018: 7 of 32 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「There were no material changes in the business and other risks of the Group during the interim consolidated accounting period under review.」
The company states that there were no material changes to its existing business and other risks, including the risk of earnings pressure from higher renovation costs for existing stores. - FY2023-Q3RestatedAnnual report
「There were no material changes in the risks related to the business and other activities of the Group during the first 9 months of the current consolidated fiscal year.」
The company states that there were no material changes to its existing business and other risks, including the risk of earnings pressure from higher renovation costs for existing stores. - FY2022-Q3RestatedAnnual report
「There were no material changes in the risks related to the business and other activities of the Group during the first 9 months of the current consolidated fiscal year.」
The company states that there were no material changes to its business and other risks, including the risk of earnings pressure from higher renovation costs for existing stores. - FY2022-Q2RestatedAnnual report
「There were no material changes in the risks related to the business and other activities of the Group during the first 6 months of the current consolidated fiscal year.」
The company states that there were no material changes to its existing business and other risks, including the risk of earnings pressure from higher renovation costs for existing stores. - FY2021-Q3RestatedAnnual report
「There were no material changes in the risks related to the business and other activities of the Group during the first 9 months of the current consolidated fiscal year.」
The company states that there were no material changes to its existing business and other risks, including the risk of earnings pressure from higher renovation costs for existing stores. - FY2020MitigatedAnnual report
「The company worked to increase the number of orders, primarily at LA ETERNITA (La Eternita), a restaurant wedding venue in the annex of Nagoya Lucent Tower in Nishi-ku, Nagoya, which was renovated in the previous consolidated fiscal year. As a result, revenue from the bridal business was ¥764 million, up 16.1% year on year, and operating profit was ¥4 million, compared with an operating loss of ¥19 million in the same period of the previous year.」
After results were pressured by a temporary business suspension associated with the renovation, the company worked to increase orders, primarily at LA ETERNITA, and the bridal business posted higher revenue and returned to profitability. - FY2020-Q2MitigatedAnnual report
「The Company worked to increase orders, primarily at “LA ETERNITA (ラ・エテルニータ),” a restaurant wedding venue in the annex of Nagoya Lucent Tower (Nishi-ku, Nagoya) that was renovated in the previous consolidated fiscal year. As a result, revenue in the bridal business was ¥333 million, up 3.1% year on year, and the operating loss was ¥8 million, compared with an operating loss of ¥13 million in the same quarter of the previous year.」
There is no disclosure identifying the business suspension associated with the renovation as a factor affecting results. The bridal business posted higher revenue year on year, while its operating loss narrowed from ¥13 million to ¥8 million. - FY2019WorsenedAnnual report
「As a result, the bridal business was temporarily suspended during the renovation, with revenue of ¥658 million, down 16.6% year on year, and an operating loss of ¥19 million, compared with operating profit of ¥38 million in the same period of the previous year.」
The impact of the temporary suspension of operations for renovations at "LA ETERNITA" continued throughout the year, resulting in a decline in bridal-business revenue and a shift from operating profit in the same period of the previous year to an operating loss. - FY2019-Q3WorsenedAnnual report
「The company renovated the restaurant wedding facility "LA ETERNITA" (Nishi Ward, Nagoya), located in an annex of Nagoya Lucent Tower, to improve the profitability of existing facilities. As a result, the bridal business was temporarily suspended during the renovation, with revenue of ¥494 million, down 17.3% year on year, and an operating loss of ¥14 million, compared with operating profit of ¥28 million in the same period of the previous year.」
The impact of the temporary suspension of operations for renovations at "LA ETERNITA" continued, with bridal-business revenue down 17.3% year on year and the business moving from operating profit of ¥28 million in the same period of the previous year to an operating loss of ¥14 million. - FY2019-Q2WorsenedAnnual report
「The company renovated the restaurant wedding facility "LA ETERNITA" (Nishi Ward, Nagoya), located in an annex of Nagoya Lucent Tower, to improve the profitability of existing facilities. As a result, the bridal business was temporarily suspended during the renovation, with revenue of ¥323 million, down 8.0% year on year, and an operating loss of ¥13 million, compared with an operating loss of ¥4 million in the same period of the previous year.」
The impact of the temporary suspension of operations for renovations at "LA ETERNITA" continued, with bridal-business revenue down 8.0% year on year and the operating loss widening from ¥4 million in the same period of the previous year to ¥13 million. - FY2019-Q1Revenue from the bridal business declined due to temporary closures for renovations.Annual report
「The company renovated the restaurant wedding facility "LA ETERNITA" (Nishi Ward, Nagoya), located in an annex of Nagoya Lucent Tower, to improve the profitability of existing facilities. As a result, the bridal business was temporarily suspended during the renovation, with revenue of ¥178 million, down 4.8% year on year, and operating profit of ¥0 million, down 75.5%.」
Although the company renovated the existing facility to improve its profitability, a temporary suspension of operations reduced revenue in the bridal business and resulted in operating profit of ¥0 million. - FY2018-Q3First statedAnnual report
「As a result, revenue for the nine months ended the third quarter of the current consolidated fiscal year was ¥10,614 million, up 2.3% year on year, while increased renovation costs for 4 stores carried out in November and other factors increased costs, resulting in an operating loss of ¥174 million (compared with an operating loss of ¥142 million in the same period of the previous year).」
The company explained that higher renovation costs for 4 stores carried out in November contributed to the actual operating loss by increasing costs.