Komori
Horiifoodservice (3077) · TargetSoftenedLatest Monthly (2026-09-16): "Cited as achieved"

Shift from declining revenue to revenue growth

First written in FY2017-Q1. 21 of 37 entries say "Advanced", first in FY2018-Q3. Latest entry: 2026-09-16.

37entries
11years
6from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2023-Q1 – FY20242016: 220162017: 420172018: 420182019: 320192020: 320202021: 420212022: 420222023: 420232024: 220242025: 120252026: 62026
Same theme, other companies
Return to a Growth Trajectory and Recovery in ProfitabilityA theme 29 companies write about · 0 as a headwind · 30 as a tailwind

1 other company's latest entry also says "Cited as achieved".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 29 companies compared. The sentences above are computed from all 29.
Full recordFilings, disclosures and news, newest first
  1. FY2025SoftenedAnnual report

    「At the stores, a gradual recovery trend continues, but performance has still not reached pre-COVID levels,」

    Although the revenue recovery is said to be continuing, the disclosure states that performance has still not reached pre-COVID levels, indicating that the shift from declining to growing revenue and the recovery target remain incomplete.
  2. FY2024AdvancedAnnual report

    「Revenue was ¥4,656,144 thousand, up ¥602,352 thousand, or 14.9%, from the previous fiscal year.」

    Regarding the shift from the declining trend to revenue growth, full-year revenue rose 14.9% from the previous fiscal year.
  3. FY2024-Q3AdvancedAnnual report

    「Revenue was ¥3,467,202 thousand, up ¥507,212 thousand, or 17.1%, from the same quarter of the previous year.」

    Regarding the shift from the declining trend to revenue growth, revenue for the first 3 quarters rose 17.1% year on year.
  4. FY2024-Q2AdvancedAnnual report

    「Revenue was ¥2,134,851 thousand, up ¥354,511 thousand, or 19.9%, from the same quarter of the previous year.」

    Regarding the shift from declining to growing revenue, revenue for the first 2 quarters rose 19.9% year on year. The company continued to report an operating loss.
  5. FY2024-Q1AdvancedAnnual report

    「Revenue was ¥1,041,756 thousand, up ¥115,427 thousand, or 12.5%, from the same quarter of the previous year.」

    Regarding the shift from declining to growing revenue, first-quarter revenue rose 12.5% year on year. However, the company reported an ordinary loss and a quarterly net loss.
  6. FY2023AdvancedAnnual report

    「Revenue was ¥4,053,791 thousand, up ¥1,893,075 thousand, or 87.6%, from the previous fiscal year.」

    Regarding the shift from declining to growing revenue, full-year revenue rose 87.6% year on year. However, the company continued to report an operating loss, ordinary loss and net loss.
  7. FY2023-Q3AdvancedAnnual report

    「Revenue was ¥2,959,989 thousand, up ¥1,231,434 thousand, or 71.2%, from the same quarter of the previous year.」

    Regarding the shift from the declining trend to revenue growth, revenue for the first 3 quarters rose 71.2% year on year. However, the operating loss continued.
  8. FY2023-Q2AdvancedAnnual report

    「Revenue was ¥1,780,340 thousand, up ¥1,170,126 thousand, or 191.8%, from the same quarter of the previous year.」

    Regarding the shift from declining to growing revenue, revenue for the first 2 quarters rose 191.8% year on year. However, the operating loss continued.
  9. FY2023-Q1AdvancedAnnual report

    「Revenue was ¥926,328 thousand, up ¥527,007 thousand, or 132.0%, from the same quarter of the previous year.」

    Regarding the shift from declining to growing revenue, first-quarter revenue rose 132.0% year on year. However, this does not indicate that a full-year return to revenue growth has been achieved.
  10. FY2022Full-year return to revenue growth not achievedAnnual report

    「Revenue was ¥2,160,716 thousand, down ¥606,719 thousand, or 21.9%, from the previous fiscal year.」

    Although the company proceeded with format changes at existing stores and other measures, full-year consolidated revenue fell 21.9%, and no return from revenue decline to growth was confirmed.
  11. FY2022-Q3AdvancedAnnual report

    「Revenue was ¥1,728,555 thousand, down ¥664,147 thousand, or 27.8%, from the same quarter of the previous year.」

    Consolidated revenue fell 27.8% year on year, so the company has not yet returned to revenue growth, but the rate of decline narrowed from 49.8% year on year in the previous cumulative quarter.
  12. FY2022-Q2Setback in the recovery of revenue growthAnnual report

    「Revenue was ¥610,214 thousand, down ¥605,539 thousand, or 49.8%, from the same quarter of the previous year.」

    Although the company is proceeding with format changes at existing stores and other measures, consolidated revenue for the first 2 quarters fell 49.8% year on year, and no return to revenue growth was confirmed.
  13. FY2022-Q1AdvancedAnnual report

    「Revenue was ¥399,321 thousand, up ¥52,511 thousand, or 15.1%, from the same quarter of the previous year.」

    Revenue rose 15.1% year on year, indicating quarter-by-quarter progress toward a return to growth from the declining trend. However, the operating loss continued.
  14. FY2021Sharp revenue decline; widening lossesAnnual report

    「Revenue was ¥2,767,435 thousand, down ¥3,380,783 thousand, or 55.0%, from the previous fiscal year, leaving conditions extremely challenging.」

    Revenue fell 55.0% year on year due to the impact of COVID-19, store closures and shorter operating hours.
  15. FY2021-Q3Recovery stalled, with a sharp revenue declineAnnual report

    「Revenue was ¥2,392,702 thousand, down ¥2,334,003 thousand, or 49.4%, from the same quarter of the previous year, leaving conditions extremely challenging.」

    Revenue fell 49.4% year on year due to the resurgence of COVID-19 and shorter operating hours, indicating a setback in the recovery rather than a return to revenue growth.
  16. FY2021-Q2Signs of recovery but a substantial revenue declineAnnual report

    「Revenue was ¥1,215,753 thousand, down ¥1,789,516 thousand, or 59.5%, from the same quarter of the previous year, leaving conditions challenging, although an overall recovery trend is emerging despite regional disparities.」

    Revenue fell sharply by 59.5% year on year, while showing an overall recovery trend amid regional differences. The disclosure describes a recovery process, not a return to revenue growth.
  17. FY2021-Q1Setback in the recovery of revenue growthAnnual report

    「In the cumulative first quarter, revenue was ¥346,809 thousand, a substantial decline of ¥1,150,003 thousand, or 76.8%, from the same quarter of the previous year.」

    Against the previous trend of turning revenue growth through improvements at existing locations and expansion of the store network, company-wide revenue declined 76.8% year on year because of COVID-19 and temporary store closures.
  18. FY2020-Q3AdvancedAnnual report

    「Regarding performance, revenue at existing locations exceeded the previous fiscal year's level as a result of format conversions, stronger advertising and other measures.」

    Format conversions and stronger advertising lifted revenue at existing locations above the previous fiscal year's level, indicating progress toward turning declining revenue into revenue growth. However, the company-wide decline in revenue was 6.6% year on year because the increase could not offset typhoon damage and lower revenue from closed locations.
  19. FY2020-Q2Stalling recovery in revenue growthAnnual report

    「Revenue at existing locations was broadly in line with the previous fiscal year as a result of format conversions and stronger advertising. However, because of lower revenue from locations closed in the previous fiscal year and during the cumulative period of the current quarter, revenue was ¥3,005,270 thousand, a decline of ¥232,881 thousand, or 7.2%, from the same quarter of the previous year.」

    Revenue at existing locations remained around the previous year's level, while company-wide revenue, including the impact of closed locations, declined 7.2%, so no turnaround to revenue growth was confirmed for this period.
  20. FY2019AdvancedAnnual report

    「Through format conversions, stronger advertising and improved store operating capabilities, among other measures, we secured revenue above the previous fiscal year's level on a comparable operating-days basis.」

    Total revenue declined because of store closures, but revenue on a comparable operating-days basis was above the previous fiscal year's level.
  21. FY2019-Q3RestatedAnnual report

    「Although the number of operating days declined because of the closure of underperforming locations, existing locations generally achieved revenue growth through stronger sales promotion and format conversions. As a result, revenue was ¥5,058,954 thousand, a modest decline of ¥29,729 thousand, or 0.6%, from the same quarter of the previous year.」

    Revenue growth at existing locations continued through sales promotion and format conversions, but company-wide revenue, including the impact of closing underperforming locations, declined 0.6% year on year.
  22. FY2019-Q2AdvancedAnnual report

    「Although existing locations generally achieved revenue growth through stronger sales promotion and other measures, the closure of underperforming locations, which has been under way since the previous fiscal year, meant that revenue was limited to ¥3,238,151 thousand, an increase of ¥5,329 thousand, or 0.2%, from the same quarter of the previous year.」

    Existing locations generally achieved revenue growth through stronger sales promotion and other measures, and progress toward turning declining revenue into revenue growth continued.
  23. FY2019-Q1AdvancedAnnual report

    「Although existing locations generally achieved revenue growth through stronger sales promotion and format conversions, the closure of underperforming locations, which has been under way since the previous fiscal year, meant that revenue was limited to ¥1,612,199 thousand, an increase of ¥4,749 thousand, or 0.3%, from the same quarter of the previous year.」

    Existing locations generally achieved revenue growth through sales promotion and format conversions, and company-wide revenue increased 0.3% year on year.
  24. FY2018AdvancedAnnual report

    「Although company-wide revenue remains below the previous fiscal year because of store closures, sales promotion and improved store operating capabilities enabled us to achieve 100% of the previous fiscal year's performance on a comparable store-count basis.」

    Company-wide revenue declined because of store closures, but sales promotion and stronger store operating capabilities enabled the company to achieve 100% of the previous fiscal year's performance on a comparable store-count basis.
  25. FY2018-Q3AdvancedAnnual report

    「Existing locations are beginning to shift from declining revenue to revenue growth as a result of stronger sales promotion and other measures, but」

    Existing locations were said to be shifting from declining revenue to revenue growth, indicating progress toward the goal of turning declining revenue into revenue growth. However, company-wide revenue is declining because of lower revenue from closed locations.
  26. FY2018-Q2RestatedAnnual report

    「In this area, we are generally beginning to break out of the downward revenue trend. As in the other areas, we will promote measures to turn the trend into revenue growth by strengthening sales promotion.」

    Although the company stated that some areas were beginning to break out of the downward revenue trend, it continues to pursue a policy of turning the trend into revenue growth by strengthening sales promotion.
  27. FY2018-Q1RestatedAnnual report

    「Going forward, we will promote measures to turn the downward revenue trend into revenue growth by progressively increasing the number of target locations.」

    The company continues to pursue a policy of progressively expanding the locations targeted for sales promotion, with the aim of turning declining revenue into revenue growth.
  28. FY2017SoftenedAnnual report

    「Likewise, the format conversions and store renovations described above did not lead to a significant increase in customer visits, and the revenue growth effect remained limited.」

    Against the previous goal of turning declining revenue into revenue growth, the revenue growth effect of the format conversions and renovations was limited, and no full-year results confirmed a break from the revenue decline.
  29. FY2017-Q3RestatedAnnual report

    「Going forward, we will promote the conversion of existing locations to different formats and seek to break out of the downward revenue trend.」

    The goal of breaking out of the downward revenue trend through conversion of existing locations to different formats remains in place, but as of the third quarter the company-wide downward revenue trend had not improved.
  30. FY2017-Q2RestatedAnnual report

    「Going forward, we will promote the conversion of existing locations to different formats and seek to break out of the downward revenue trend.」

    The goal of breaking out of the downward revenue trend through conversion of existing locations to different formats remains in place, but the company has not yet broken out of the company-wide revenue decline.
  31. FY2017-Q1First statedAnnual report

    「Going forward, we will actively promote the conversion of existing locations to the newly developed formats and seek to turn the downward revenue trend into revenue growth.」

    The company set out a goal of turning the declining revenue trend in each area into revenue growth through conversion to the new formats.
Moved together

"Promoting Format Changes and Refurbishments at Existing Stores" moved the same way as this thread, in the same document, in 15 of its 37 moves.

15128877★123456
  1. ★This thread
  2. 1Promoting Format Changes and Refurbishments at Existing Stores15×
  3. 2Development of new restaurant formats based on one format per fiscal period12×
  4. 3Development of meal-focused formats centered on daytime operations8×
  5. 4Risk of Recovering Security Deposits, Guarantee Deposits and Construction Cooperation Funds8×
  6. 5Improving Business-Format Maturity and Preventing Obsolescence7×
  7. 6Strengthening the Corporate Structure through Diversification of Food-Related Businesses7×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Horiifoodservice yet. It last moved in the Monthly of 2026-09-16: "Cited as achieved".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.