Impact on earnings from unprofitable store closures and impairment losses
First written in FY2016. 18 of 35 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-07-15.
Horiifoodservice moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2017: 13 of 19 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- 2026-07-15WorsenedEarnings
「Impairment losses 3,046 12,109 Provision for store closure losses 13,804 25,752」
Impairment losses and provision for store closure losses increased compared with the prior-year interim period. - FY2027-H1WorsenedAnnual report
「Impairment losses: ¥12.109 million; provision expense for store closure losses: ¥25.752 million」
During the six months ended the second quarter, impairment losses of ¥12.109 million and provision expense for store closure losses of ¥25.752 million were recognized. Related losses increased from ¥3.046 million in impairment losses and ¥13.804 million in provision expense for store closure losses in the six months ended the second quarter of the previous year. - FY2026-H1Store closures and impairments continueAnnual report
「5 store closures 3 stores under the "忍家" format, 1 under the "まるも" format and 1 under the "うめっちゃん" format Impairment losses: ¥3.046 million; provision expense for store closure losses: ¥13.804 million」
During the six months ended the second quarter, 5 stores were closed, and impairment losses of ¥3.046 million and provision expense for store closure losses of ¥13.804 million were recognized. Measures addressing unprofitable stores and recognition of related losses continued. - FY2025Store closures and impairments continue, impairment amount declinesAnnual report
「4 store closures: 2 stores under the "赤から" format, 1 under the "忍家" format and 1 under the "まるも" format. In addition, ¥19.396 million in impairment losses related to underperforming stores was recognized.」
A total of 4 stores were closed during the year, and impairment losses of ¥19.396 million, store closure losses of ¥26.860 million and provision expense for store closure losses of ¥10.867 million were recognized. Measures addressing unprofitable stores and recognition of related losses continued, although impairment losses decreased from ¥63.998 million in the previous fiscal year. - FY2025-H1Closure provisions recognized; store closures continueAnnual report
「Provision expense for store closure losses: 26,894」
The Company recognized ¥26.894 million in provision expense for store closure losses related to unprofitable stores and other stores, and recognition of losses associated with store closures continues. - FY2024Impairment and closure losses continue, but amounts declineAnnual report
「3 store closures 2 stores under the "忍家" format and 1 store under the "益益" format In addition, ¥27.510 million in impairment losses related to underperforming stores was recognized,」
The closure of unprofitable stores and recognition of impairment losses continued, but impairment losses decreased from ¥63.998 million in the previous fiscal year to ¥27.510 million. - FY2024-Q2MaterialisedAnnual report
「In addition, ¥14.019 million in impairment losses related to underperforming stores was recognized, and ¥2.585 million in losses expected to arise from the decision to close stores was recognized as provision expense for store closure losses.」
While no impairment losses were recognized in the previous quarter, impairment losses of ¥14.019 million and provisions for closure losses of ¥2.585 million related to underperforming stores were incurred during the six months ended the second quarter. - FY2024-Q1MitigatedAnnual report
「In addition, ¥1.221 million in losses expected to arise from the decision to close stores was recognized as provision expense for store closure losses.」
Although ¥1.221 million in provisions for store closure losses remained, no impairment losses were recognized during the quarter, and recognition of losses related to unprofitable stores declined compared with the full-year results for the previous fiscal year. - FY2023WorsenedAnnual report
「In addition, ¥63.998 million in impairment losses related to underperforming stores was recognized, and ¥9.130 million in losses expected to arise from the decision to close stores was recognized as provision expense for store closure losses.」
A total of 6 stores were closed during the year, and impairment losses of ¥63.998 million and provision expense for store closure losses of ¥9.130 million were recognized. Impairment losses increased from ¥28.679 million in the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「In addition, ¥43.429 million in impairment losses related to underperforming stores was recognized, and ¥9.652 million in losses expected to arise from the decision to close stores was recognized as provision expense for store closure losses.」
Impairment losses of ¥43.429 million and provisions for closure losses of ¥9.652 million related to unprofitable stores were recognized, and the impact of store closures and impairments continued during the nine months ended the third quarter. - FY2023-Q2Impairment and closure provisions continue, closure provisions increaseAnnual report
「In addition, ¥1.268 million in impairment losses related to underperforming stores was recognized, and ¥10.158 million in losses expected to arise from the decision to close stores was recognized as provision expense for store closure losses.」
The recognition of impairment losses related to unprofitable stores continued, while provision expense for store closure losses increased to ¥10.158 million from none in the six months ended the second quarter of the previous year. - FY2023-Q1Impairment and closure losses continue, but amounts declineAnnual report
「In addition, ¥1.268 million in impairment losses related to underperforming stores was recognized, and ¥3.501 million in losses expected to arise from the decision to close stores was recognized as provision expense for store closure losses.」
The recognition of impairment losses and provisions for closure losses related to unprofitable stores continued, but the amounts decreased from ¥28.679 million in impairment losses and ¥6.086 million in provisions for closure losses in the previous fiscal year. - FY2022Impairment and closure losses continue, but amounts declineAnnual report
「In addition, ¥28.679 million in impairment losses related to underperforming stores was recognized, and ¥6.086 million in losses expected to arise from the decision to close stores was recognized as provision expense for store closure losses.」
The recognition of impairment losses and provisions for closure losses related to unprofitable stores continued, but impairment losses decreased from ¥174.498 million in the previous fiscal year to ¥28.679 million. - FY2022-Q3Continuing impairment losses; lower amountAnnual report
「In addition, ¥22.458 million in impairment losses related to underperforming stores was recognized, and ¥2.925 million in losses expected to arise from the decision to close stores was recognized as provision expense for store closure losses.」
Impairment losses of ¥22.458 million related to underperforming stores and provisions for closure losses of ¥2.925 million were recognized. The impact related to unprofitable stores continues, although impairment losses decreased from ¥149.941 million in the same period of the previous year. - FY2022-Q2Impairment losses continueAnnual report
「In addition, ¥13.086 million in impairment losses related to underperforming stores was recognized.」
The recognition of impairment losses related to underperforming stores has continued, and the impact of the unprofitable-store issue remains evident in the quarter. - FY2021WorsenedAnnual report
「11 store closures 8 stores under the "忍家" format, 1 under the "巴" format, 1 under the "味斗" format and 1 under the "うま囲" format As a result, the number of stores at the end of the fiscal year was 88, a decrease of 9 stores from the end of the previous fiscal year.」
A total of 11 stores were closed during the year, reducing the number of stores by 9 from the end of the previous fiscal year. Impairment losses of ¥174.498 million and store closure losses of ¥32.419 million were also recognized, and the impact of the unprofitable-store issue continues. - FY2021-Q3WorsenedAnnual report
「6 store closures 5 stores under the "忍家" format (Kunitachi and Higashimurayama, Tokyo; Kawagoe and Koshigaya, Saitama Prefecture; and Sakura, Chiba Prefecture) 1 store under the "うま囲" format (Toshima Ward, Tokyo) In addition, the following format conversions and store closures were decided: 5 stores designated for closure 3 stores under the "忍家" format (Fujimi and Niiza, Saitama Prefecture, and Taihaku Ward, Sendai, Miyagi Prefecture) 1 store under the "巴" format (Aoba Ward, Sendai, Miyagi Prefecture) 1 store under the "味斗" format (Tsukuba, Ibaraki Prefecture)」
During the nine months ended the third quarter, 6 stores were closed, and the closure of an additional 5 stores was decided. Impairment losses of ¥149.941 million, store closure losses of ¥17.369 million and provision expense for store closure losses of ¥16.248 million were also recognized in relation to underperforming stores and stores designated for closure, and the impact expanded. - FY2021-Q2WorsenedAnnual report
「The Company recognized ¥21.978 million in impairment losses related to underperforming stores and stores designated for closure, ¥7.003 million in store closure losses incurred in connection with store closures, and ¥24.255 million in provision expense for losses expected to arise from the decision to close stores.」
4 stores were closed, and the closure of an additional 6 stores was decided. Impairment losses of ¥21.978 million, store closure losses of ¥7.003 million and provision expense for store closure losses of ¥24.255 million were recognized in relation to underperforming stores and stores designated for closure, and the impact of store closures and impairments continues. - FY2021-Q1WorsenedAnnual report
「Store closures: 3 stores under the "忍家" format (Kawagoe and Koshigaya, Saitama Prefecture, and Sakura, Chiba Prefecture) 1 store under the "うま囲" format (Toshima Ward, Tokyo) — closed at the end of May 2020 In addition, ¥14.833 million in losses expected to arise from the decision to close stores was recognized as provision expense for store closure losses.」
The Company decided to close 4 stores amid the impact of COVID-19 and recognized ¥14.833 million in provisions for store closure losses. The impact related to unprofitable stores and stores designated for closure continues. - FY2020-Q3WorsenedAnnual report
「8 store closures North Kanto area: 3 stores — 3 in Ibaraki Prefecture (2 under the "忍家" format and 1 under the "いきなりステーキ" format) Tokyo metropolitan area: 4 stores — 1 in Chiba Prefecture (the "忍家" format), 2 in Saitama Prefecture (the "忍家" format), and 1 in Tokyo (the "忍家" format) Tohoku area: 1 store — 1 in Fukushima Prefecture (the "忍家" format)」
During the nine months ended the third quarter, 8 stores were closed, and the opening of 2 new stores and the conversion of 2 stores to different formats were decided. Extraordinary losses totaling ¥74.706 million were also recognized, including ¥36.778 million in impairment losses related to underperforming stores and stores designated for closure and ¥17.857 million in provision expense for store closure losses. - FY2020-Q2WorsenedAnnual report
「Closures: Ikinari Steak Mito Senba store (Mito, Ibaraki Prefecture) 忍家 Mito Station South store (Mito, Ibaraki Prefecture) 忍家 Iwaki Tanagawase store (Iwaki, Fukushima Prefecture) 忍家 Kashiwa West Exit store (Kashiwa, Chiba Prefecture) As a result, the number of stores at the end of the second quarter was 99, a decrease of 3 stores from the end of the previous fiscal year and 7 stores from the end of the same quarter of the previous year. In addition, during the six months ended the second quarter, the Company decided to close the following stores: 4 stores under the "忍家" format 1 store in Kashima, Ibaraki Prefecture; 1 store in Omiya Ward, Saitama City, Saitama Prefecture; 1 store in Koshigaya, Saitama Prefecture; and 1 store in Koganei, Tokyo」
4 stores were closed, and the closure of an additional 4 stores was decided. Impairment losses of ¥26.476 million and provision expense for store closure losses of ¥14.245 million were recognized, and the impact of the unprofitable-store issue continues. - FY2020-Q1WorsenedAnnual report
「Quarterly net loss was ¥42.405 million, following the recognition of extraordinary losses totaling ¥45.158 million, including ¥16.725 million in loss on sales of property, plant and equipment associated with the sale of store equipment, ¥13.038 million in impairment losses related to stores confirmed for closure and other stores, and ¥13.301 million in provision expense for store closure losses. This was a decrease of ¥59.789 million from the same quarter of the previous year, when quarterly net income was ¥17.384 million.」
The Company decided to close 4 stores during the quarter and incurred extraordinary losses totaling ¥45.158 million, including ¥13.038 million in impairment losses related to stores confirmed for closure and ¥13.301 million in provision expense for store closure losses. The impact of the underperforming-store issue continues. - FY2019Continued closure of underperforming storesAnnual report
「The Company has sought to improve overall performance by closing underperforming stores whose performance is expected to be difficult to improve. During the fiscal year, a total of 8 stores were closed as follows.」
The separation of losses through the closure of underperforming stores continued throughout the year. 8 stores were closed, and the closure of an additional 2 stores was decided. - FY2019-Q3Continued closure of underperforming storesAnnual report
「For stores whose performance is considered difficult to improve, the Company has separated losses through closure while also promoting the effective utilization of personnel. The stores closed during the nine months ended the third quarter were as follows: 3 stores under the "忍家" format (Honjo, Saitama Prefecture; Funabashi, Chiba Prefecture; and Mihama Ward, Chiba City, Chiba Prefecture) 1 store under the "益益" format (Kasama, Ibaraki Prefecture) 1 store under the "みんなの和食村" format (Mooka, Tochigi Prefecture)」
The Company continued closing stores whose performance was difficult to improve, closing 5 stores during the nine months ended the third quarter. - FY2019-Q2Continued closure of underperforming storesAnnual report
「For stores whose performance is considered difficult to improve, the Company prioritizes separating losses through closure rather than prolonging their operation, which also ultimately supports the effective utilization of personnel. The stores closed during the six months ended the second quarter were as follows: 2 stores under the "忍家" format (Honjo, Saitama Prefecture, and Funabashi, Chiba Prefecture); 1 store under the "益益" format (Kasama, Ibaraki Prefecture); and 1 store under the "みんなの和食村" format (Mooka, Tochigi Prefecture).」
For stores whose performance is difficult to improve, the Company continued to prioritize separating losses through closure rather than keeping them open, and closed 4 stores during the six months ended the second quarter. - FY2019-Q1Continued closure of underperforming storesAnnual report
「For stores whose performance is considered difficult to improve, the Company prioritizes separating losses through closure rather than prolonging their operation, which also ultimately supports the effective utilization of personnel. The stores closed during the three months ended the first quarter were as follows.」
For stores whose performance is difficult to improve, the Company continued to prioritize separating losses through closure rather than keeping them open, and closed 3 stores during the quarter. - FY2018WorsenedAnnual report
「The Company recognized extraordinary losses totaling ¥588.983 million, including ¥527.123 million in impairment losses related to underperforming stores and stores designated for closure and ¥29.424 million in provision expense for losses expected to arise from store closures. Net loss for the period was ¥408.424 million.」
A total of 23 stores were closed during the year, and the closure of an additional 3 stores was decided. Significant extraordinary losses were incurred, including ¥527.123 million in impairment losses related to unprofitable stores. - FY2018-Q3WorsenedAnnual report
「The number of stores at the end of the quarter was 113, following the closure of 20 stores comprising 8 stores whose closure had been decided in the previous fiscal year and 12 stores decided during the nine months ended the third quarter. This was a decrease of 26 stores from the end of the same quarter of the previous year. In addition, during the third quarter, the Company newly decided to close 3 stores, 1 in each area.」
A cumulative total of 20 stores were closed, and the closure of an additional 3 stores was decided. Impairment losses of ¥384.961 million and provision expense for store closure losses of ¥38.512 million were also recognized, and the impact of the unprofitable-store issue expanded. - FY2018-Q2WorsenedAnnual report
「The number of stores at the end of the quarter was 120, following the closure of the 13 stores whose closure had been decided in the previous fiscal year, a decrease of 20 stores from the end of the same quarter of the previous year. In addition, during the second quarter, the Company newly decided to close 8 stores. It recognized extraordinary losses totaling ¥312.856 million, including ¥275.054 million in impairment losses arising from recoverability assessments and other factors and ¥36.405 million in provision expense for store closure losses related to newly confirmed closures.」
A cumulative total of 13 stores were closed, and the closure of an additional 8 stores was decided. Impairment losses of ¥275.054 million and provision expense for store closure losses of ¥36.405 million were recognized in connection with unprofitable stores and stores designated for closure, and the impact of the issue expanded. - FY2018-Q1WorsenedAnnual report
「In addition, during the three months ended the first quarter, the Company newly decided to close 8 stores. As a result of recognizing extraordinary losses totaling ¥226.896 million, including ¥169.301 million in impairment losses related to the newly designated stores and other stores and ¥56.572 million in provision expense for store closure losses, pretax quarterly net loss was ¥319.999 million, an increase of ¥271.500 million from the same quarter of the previous year. Quarterly net loss was ¥324.200 million, an increase of ¥290.224 million from the same quarter of the previous year.」
After closing the 8 stores whose closure had been decided in the previous fiscal year, the Company decided in the first quarter to close an additional 8 stores. Impairment losses and provisions for closure losses were also recognized, and the impact of the unprofitable-store issue expanded. - FY2017WorsenedAnnual report
「In addition, the Company recognized extraordinary losses totaling ¥518.406 million, including ¥434.752 million in impairment losses related to underperforming stores and stores designated for closure and ¥53.203 million in provision expense for losses expected to arise from store closures. As a result, net loss for the period was ¥502.840 million.」
A total of 9 stores were closed during the year, and the additional closure of 8 stores was also decided. Impairment losses of ¥434.752 million and provision expense for closure losses of ¥53.203 million were recognized, and the impact of closures and impairments expanded. - FY2017-Q3WorsenedAnnual report
「In addition, as of the end of the third quarter, the Company decided to close 7 stores under the underperforming "忍家" format, 1 store under the "はれかの" format and 1 store under the "串三昧" format.」
The additional closure of 9 underperforming stores was decided, and impairment losses of ¥293.833 million and provision expense for store closure losses of ¥46.822 million were recognized during the nine months ended the third quarter. - FY2017-Q2WorsenedAnnual report
「At the end of the second quarter, the Company decided to close 7 underperforming 忍家-format stores and 1 はれかの-format store.」
The additional closure of 8 underperforming stores was decided, and ¥40.326 million in provisions for store closure losses and ¥225.487 million in impairment losses were also recognized. - FY2017-Q1MaterialisedAnnual report
「The number of stores at the end of the first quarter was 140, down 2 from the end of the previous fiscal year, following the closure of 2 忍家-format stores, 1 in Tokyo and 1 in Tochigi, whose closure had been decided in the previous fiscal year.」
As part of the response to underperforming stores and other matters, the 2 忍家-format stores whose closure had been decided were actually closed. No impairment loss was recorded for the quarter. - FY2016First statedAnnual report
「Many of the stores opened in large numbers from the fiscal year ended March 2013 through the fiscal year ended March 2014 were underperforming. Operating losses at these stores significantly reduced company-wide operating profit and were also a primary factor behind the recognition of a substantial impairment loss of ¥428.114 million.」
Operating profit has already been reduced by underperforming stores, and an impairment loss of ¥428.114 million has been incurred. Additional losses upon closure are also identified as a risk.