Risks Related to Securing Store Properties and Store Closures
First written in FY2017. 10 of 15 entries say "Materialised", first in FY2022. Latest entry: 2026-05-27.
Treasure Factory moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2018: 7 of 32 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- 2026-05-27MaterialisedEarnings presentation
「Some stores have received requests for rent increases, and in some cases have chosen to close because agreement could not be reached on the terms.」
The company explained that some stores had chosen to close because of higher rents, indicating risks to securing store properties and maintaining operations. - FY2026MaterialisedAnnual report
「In the fiscal year ended February 2026, impairment losses of ¥271 million were recognized after impairment testing was conducted under the Accounting Standard for Impairment of Fixed Assets for stores where profitability had declined.」
Impairment losses continued to arise due to declining store profitability, increasing from ¥156 million in the previous fiscal year to ¥271 million. The consolidated notes state that 15 stores were affected. - FY2025MaterialisedAnnual report
「In the fiscal year ended February 2025, impairment losses of ¥156 million were recognized after impairment testing was conducted under the Accounting Standard for Impairment of Fixed Assets for stores where profitability had declined. We will work to improve the performance of these stores.」
Impairment losses arose due to declining store profitability, and ¥156 million was recognized in the fiscal year ended February 2025. - FY2024MaterialisedAnnual report
「In the fiscal year ended February 2024, the company conducted impairment testing for stores showing declines in profitability in accordance with the Accounting Standard for Impairment of Fixed Assets and recorded an impairment loss of ¥108 million.」
The company recorded an impairment loss of ¥108 million for 4 stores with declining profitability. The impairment risk associated with declining store profitability materialized again during the fiscal year. - FY2023MaterialisedAnnual report
「In the fiscal year ended February 2023, the company conducted impairment testing for stores showing declines in profitability in accordance with the Accounting Standard for Impairment of Fixed Assets and recorded an impairment loss of ¥124.949 million.」
Impairment associated with declining store profitability continued to occur, and the company recorded ¥124.949 million for 5 stores. - FY2022MaterialisedAnnual report
「In the fiscal year ended February 2022, the company conducted impairment testing for stores showing declines in profitability in accordance with the Accounting Standard for Impairment of Fixed Assets and recorded an impairment loss of ¥160.636 million.」
The impairment risk associated with declining store profitability materialized, and the company recorded an impairment loss of ¥160.636 million for 10 stores. - FY2022-Q1RestatedAnnual report
「There were no material changes in the nature of the businesses operated by the Group during the current first-quarter consolidated cumulative period. There were also no changes among the major affiliated companies.」
The company states that there were no material changes in its business activities or among its major affiliated companies. - FY2019RestatedAnnual report
「The company may close stores at its discretion because of deteriorating profitability or other factors, while the termination of leases for reasons attributable to landlords or others may force the closure of stores even when they are performing well.」
The company reiterates the risks of uncertainty in securing properties, lease termination, and impairment and store-closing losses associated with store closures. - FY2018RestatedAnnual report
「If the Group is unable to secure suitable properties at the desired times, this may affect the company’s operating results. In addition, the company may close stores at its discretion because of deteriorating profitability or other factors, while the termination of leases for reasons attributable to landlords or others may force the closure of stores even when they are performing well.」
The company reiterates the risks of being unable to secure store properties, lease termination, and impairment and store-closing losses associated with store closures. - FY2017First statedAnnual report
「If the Group is unable to secure suitable properties at the desired times, this may affect the company’s operating results. In addition, the company may close stores at its discretion because of deteriorating profitability or other factors, while the termination of leases for reasons attributable to landlords or others may force the closure of stores even when they are performing well.」
The company identifies delays in securing properties and impairment losses and store-closing losses associated with store closures as risks related to store expansion.