Temporary Suspension of New Store Openings
First written in FY2017-Q1. 9 of 12 entries say "Restated". Latest entry: FY2020-Q1.
The whole theme swung hardest in 2021: 2 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Achieved".
- FY2020-Q1AchievedAnnual report
「We intend to resume opening new stores to improve company-wide performance by expanding the scale of the business.」
The temporary suspension of new store openings, which had continued since FY2017, ended, and the company shifted to a policy of resuming new store openings to expand its scale. - FY2019DroppedAnnual report
「Until now, improving the operating performance of existing stores had been an urgent issue. However, we believe that a certain level of results has been achieved through the closure of underperforming stores, conversion to different formats and strengthened sales promotion. Going forward, we will seek further growth by expanding our store network and increasing the scale of our business.」
The previous policy of explicitly suspending new store openings was no longer stated, and the focus shifted to expanding the store network based on a certain level of improvement at existing stores. - FY2019-Q3RestatedAnnual report
「Against this backdrop, we decided to prioritize improvements in existing-store performance by strengthening our overall store operating capabilities, and have not opened any new stores.」
The suspension of new store openings and the prioritization of improvements at existing stores continued during the nine-month cumulative period. - FY2019-Q2RestatedAnnual report
「Against this backdrop, we decided to prioritize improvements in existing-store performance by strengthening our overall store operating capabilities, and have not opened any new stores.」
The suspension of new store openings and the prioritization of improvements at existing stores continued. - FY2019-Q1RestatedAnnual report
「We decided to prioritize improvements in existing-store performance by strengthening our overall store operating capabilities, and have not opened any new stores.」
The policy of not opening new stores and prioritizing improvements at existing stores continued into the first quarter. - FY2018-Q3RestatedAnnual report
「New store openings remained suspended, following the previous fiscal year, while」
The suspension of new store openings has continued from the previous fiscal year. - FY2018-Q2RestatedAnnual report
「Against this backdrop, we continued to suspend new store openings and pursue a policy of prioritizing improvements in existing-store performance, as in the previous fiscal year.」
The suspension of new store openings continued from the previous fiscal year, and the policy of prioritizing improvements at existing stores was reaffirmed in the second quarter. - FY2018-Q1RestatedAnnual report
「Against this backdrop, we continued to suspend new store openings and pursue a policy of prioritizing improvements in existing-store performance, as in the previous fiscal year.」
It was explicitly stated that the suspension of new store openings had continued from the previous fiscal year. - FY2017RestatedAnnual report
「To improve this situation, we temporarily suspended new store openings during the fiscal year and prioritized improvements in existing-store performance.」
The temporary suspension of new store openings continued throughout the fiscal year. - FY2017-Q3RestatedAnnual report
「To improve this situation, new store openings were temporarily suspended during the fiscal year, while」
The temporary suspension of new store openings continued into the third quarter. - FY2017-Q2RestatedAnnual report
「During the fiscal year, new store openings were temporarily suspended」
The temporary suspension of new store openings continued into the second quarter. - FY2017-Q1First statedAnnual report
「To improve this situation, new store openings were temporarily suspended during the fiscal year, while」
As a response to declining store operating capabilities and weak sales performance following a period of rapid store expansion, the company explicitly announced for the first time a policy of temporarily suspending new store openings during the fiscal year.