Business Rationalization Costs from Store Rebuilding and Closures
First written in FY2016. 12 of 23 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2027-H1.
J.Front Retailing moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 7 of 20 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2027-H1MaterialisedAnnual report
「The business-restructuring loss for the current interim consolidated fiscal period primarily comprised costs related to the closure of a store, recorded by 株式会社パルコ following the decision to end operations at its Shizuoka store.」
Regarding store restructuring and closure risk, ¥643 million in store closure costs associated with the decision to end operations at Shizuoka PARCO was recorded as a business-restructuring loss. - FY2026WorsenedAnnual report
「In addition, 株式会社パルコ decided that Shizuoka PARCO would end operations at the end of January 2027.」
Regarding business-restructuring risk associated with store restructuring and closure, it was newly decided that Shizuoka PARCO would end operations at the end of January 2027, and a business-restructuring loss of ¥895 million was also recorded. - FY2023WorsenedAnnual report
「To improve operating and asset efficiency, the company proceeded with the sale of non-operating assets and decided that Matsumoto PARCO would end operations at the end of February 2025.」
Regarding store restructuring and business reorganization, it was decided that Matsumoto PARCO would end operations at the end of February 2025, following the end of operations at Tsudanuma PARCO. - FY2022MaterialisedAnnual report
「Matsuzakaya Toyota ended operations in September.」
Regarding store restructuring and closure risk, the end of operations at Matsuzakaya Toyota was carried out. - FY2021WorsenedAnnual report
「In this environment, in light of changes in the operating environment and the future prospects of each business, all shares of J.フロントフーズ, a restaurant business, were transferred in February and the company was removed from the scope of consolidation. It was also decided that operations at Tsudanuma PARCO and Shintokorozawa PARCO in the PARCO business would end (Tsudanuma PARCO was scheduled to end operations on 28 February 2023, and Shintokorozawa PARCO on 29 February 2024).」
Regarding business restructuring and store closures, the transfer of J.フロントフーズ was accompanied by decisions to end operations at Tsudanuma PARCO and Shintokorozawa PARCO, with deadlines in 2023 and 2024, respectively. - FY2021-Q1WorsenedAnnual report
「Meanwhile, it was decided that Matsuzakaya Toyota would end operations on 30 September 2021 because it was judged difficult to foresee future growth amid changes in the business environment and intensifying competition.」
Regarding the business-restructuring risk associated with store rebuilding and closure, it was newly decided that Matsuzakaya Toyota would end operations on 30 September 2021. - FY2020MaterialisedAnnual report
「Regarding Matsuzakaya Toyota, for which the end of operations had been decided, an impairment loss of ¥750 million was recorded as a business-restructuring loss.」
Regarding the risks associated with store restructuring and closure, the end of operations at Matsuzakaya Toyota was decided and a business-restructuring loss of ¥750 million was incurred. Costs associated with the rehabilitation plan for Daimaru Shimonoseki were also recorded. - FY2020-Q1MaterialisedAnnual report
「Meanwhile, taking into account changes in the surrounding business environment, Utsunomiya PARCO was closed in May.」
The closure of Utsunomiya PARCO was carried out, and the risks associated with store restructuring and the end of operations materialized. - FY2019MaterialisedAnnual report
「Daimaru Yamashina ended operations on 31 March 2019 because it was judged difficult to foresee an improvement in performance amid changes in the economic environment and intensifying competition.」
Daimaru Yamashina closed on 31 March 2019. The end of operations at Utsunomiya PARCO and Kumamoto PARCO was also decided, and store restructuring is progressing. - FY2019-Q2WorsenedAnnual report
「Meanwhile, in July, an agreement was concluded with 株式会社鳥取大丸, including confirmation of a business rehabilitation plan. It was also decided that Daimaru Yamashina would close at the end of March 2019.」
In addition to concluding an agreement with 株式会社鳥取大丸 concerning business rehabilitation, the closure of Daimaru Yamashina at the end of March 2019 was decided, bringing issues concerning business rehabilitation and store restructuring into concrete form. - FY2018MaterialisedAnnual report
「Daimaru Urawa PARCO ended operations at the end of July because it was judged difficult to return the store to profitability given its continued operating losses and intensifying competition.」
The end of operations at Daimaru Urawa PARCO was carried out, and the risk of suspended operations associated with store closure and business restructuring materialized as an actual business restructuring. - FY2018-Q2MaterialisedAnnual report
「In addition, the 2 stores Daimaru Urawa PARCO, which opened in 2007, and Otsu PARCO, which opened in 1996, ended operations after being supported by local residents since opening.」
Suspended operations and business restructuring associated with store closures actually occurred, and the end of operations at Daimaru Urawa PARCO and Otsu PARCO was reported. - FY2017MaterialisedAnnual report
「Chiba PARCO also ended operations at the end of November.」
In addition to the temporary closure of Shibuya PARCO and the end of operations at Chiba PARCO, the decision to end operations at Daimaru Urawa PARCO and Otsu PARCO was announced, and suspended operations and business restructuring associated with rebuilding and closures are actually occurring. - FY2017-Q3MaterialisedAnnual report
「In addition, Shibuya PARCO (Parts 1 and 3) was temporarily closed for rebuilding from August to further strengthen the PARCO brand. Chiba PARCO also ended operations on 30 November.」
In addition to the temporary closure of Shibuya PARCO, the end of operations at Chiba PARCO actually occurred, and the risks of suspended operations and business restructuring associated with store rebuilding and closures have materialized. - FY2017-Q2MaterialisedAnnual report
「For Shibuya PARCO (Parts 1 and 3), we temporarily closed the stores in August for rebuilding to further strengthen the PARCO brand.」
The temporary closure of Shibuya PARCO for rebuilding actually began, and the risk of suspended operations associated with store rebuilding and closures has materialized. A business-restructuring loss was also recorded in connection with the end of operations at Otsu PARCO. - FY2017-Q1WorsenedAnnual report
「In addition, Shibuya PARCO (Parts 1 and 3) was decided to be temporarily closed for rebuilding to further strengthen the PARCO brand.」
The temporary closure of Shibuya PARCO for rebuilding was decided, and the risk of suspended operations associated with store rebuilding and closures has taken concrete form. - FY2016First statedAnnual report
「In connection with the rebuilding of a store by an affiliated company, a loss related to store rebuilding was recorded. 株式会社大丸松坂屋百貨店: Shinsaibashi Main Store ¥7,492 million」
In addition to the suspension of operations and losses associated with the rebuilding of the Shinsaibashi Main Store, a business-restructuring loss of ¥1,708 million was recorded in connection with the closure of Chiba PARCO.