Increase in Initial Costs Associated with New Store Openings
First written in FY2017-Q1. 13 of 15 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
3 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 report states that there were no material changes in existing business and other risks, including those involving initial costs associated with new store openings. - FY2023RestatedAnnual report
「At the time of new store openings and format changes, the Group incurs temporary expenses for consumables such as fixtures and equipment, as well as sales promotion expenses. Accordingly, opening or converting a large number of stores, or opening stores shortly before the end of a fiscal period, is a factor that depresses profit. In addition, stores for which performance is not expected to improve are closed to enhance profitability.」
The annual report reconfirms the risks of temporary expenses associated with new store openings and format changes, and losses on disposal of property, plant and equipment, contractual penalties and other costs when stores are closed. - 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 report states that there were no material changes in existing business and other risks, including those involving initial costs associated with new store openings. - 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 report states that there were no material changes in existing business and other risks, including those involving initial costs associated with new store openings. - 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 report states that there were no material changes in existing business and other risks, including those involving initial costs associated with new store openings. - FY2020RestatedAnnual report
「At the time of new store openings and format changes, the Group incurs temporary expenses for consumables such as fixtures and equipment, as well as sales promotion expenses. Accordingly, opening or converting a large number of stores, or opening stores shortly before the end of a fiscal period, is a factor that depresses profit.」
The annual report continues to cite the risk that temporary expenses associated with new store openings and format changes will depress profit. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no material changes, either in the emergence of new business or other risks or in the business and other risks of the Group described in the annual securities report for the previous fiscal year.」
The report states that there were no material changes in existing business and other risks, including those involving initial costs associated with new store openings. - FY2020-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 report states that there were no material changes in existing business and other risks, including those involving initial costs associated with new store openings. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no material changes, either in the emergence of new business or other risks or in the business and other risks of the Group described in the annual securities report for the previous fiscal year.」
The report states that there were no material changes in existing business and other risks, including those involving initial costs associated with new store openings. - FY2019RestatedAnnual report
「At the time of new store openings and format changes, the Group incurs temporary expenses for consumables such as fixtures and equipment, as well as sales promotion expenses. Accordingly, opening or converting a large number of stores, or opening stores shortly before the end of a fiscal period, is a factor that depresses profit.」
The annual report reconfirms the risk that temporary expenses associated with new store openings and format changes will depress profit, as well as the potential for losses on disposal of property, plant and equipment and contractual penalties when stores are closed. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no material changes, either in the emergence of new business or other risks or in the business and other risks of the Group described in the annual securities report for the previous fiscal year.」
The report states that there were no material changes in existing business and other risks, including those involving initial costs associated with new store openings. - FY2017RestatedAnnual report
「As a result, revenue in the food service business was ¥12,686 million, up 2.1% year on year, while operating income was ¥482 million, down 24.0% year on year, due to the impact of opening expenses and other costs at a large-format store opened during the period.」
The full-year results confirm that opening expenses and other costs at a newly opened large-format store weighed on operating income in the food service business. - FY2017-Q3WorsenedAnnual report
「As a result, revenue in the food service business was ¥9,284 million, up 0.8% year on year, while operating income was ¥239 million, down 27.5% year on year, due to the impact of opening expenses and other costs at a large-format store opened in the third quarter.」
Opening expenses and other costs at a large-format store opened in the third quarter are specifically identified as factors behind the 27.5% year-on-year decline in operating income in the food service business. - FY2017-Q2RestatedAnnual report
「This was mainly attributable to ¥422 million in expenditures for the acquisition of property, plant and equipment associated with new store openings and renovations, ¥26 million in proceeds from the recovery of leasehold deposits, and ¥16 million in expenditures for the payment of leasehold deposits, among other factors.」
The report states that capital expenditures for equipment associated with new store openings and renovations were ¥422 million. This filing does not repeat the wording in the previous filing that identified these expenditures as the main cause of the operating loss. - FY2017-Q1First statedAnnual report
「Due to higher initial costs associated with new store openings, the operating loss was ¥33 million, compared with an operating loss of ¥66 million in the same period of the previous year; the ordinary loss was ¥44 million, compared with an ordinary loss of ¥32 million; and the quarterly net loss attributable to owners of the parent was ¥44 million, compared with a quarterly net loss attributable to owners of the parent of ¥99 million.」
The report explains that higher initial costs for new store openings were a factor behind the operating loss and other losses.