Pressure on store profits from initial costs of new store openings
First written in FY2017-Q1. 4 of 9 entries say "Restated". Latest entry: FY2027-H1.
Maruzen CHI Holdings 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 2026: 4 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no occurrences of matters relating to the business and financial positions described in this interim report that could have a material impact on investors' decisions, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year. There are also no material events or conditions to report.」
The filing states that there has been no material change in the pressure on store profitability from initial costs associated with new store openings. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The filing states that there has been no material change in the pressure on store profitability from initial costs associated with new store openings. - FY2024-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The filing states that there has been no material change in the pressure on store profitability from initial costs associated with new store openings. - FY2018DroppedAnnual report
「Profitability improved from the same period of the previous year as a result of efforts to reduce SG&A expenses, but the business still posted an operating loss of ¥326 million, compared with an operating loss of ¥978 million in the same period of the previous year, and did not achieve profitability.」
The Store and Online Sales business continued to post a loss, but this full-year filing does not explicitly identify initial costs for new store openings as a cause of the loss. - FY2018-Q3RestatedAnnual report
「During the third-quarter consolidated cumulative period under review, revenue increased 3.3% year on year to ¥55,933 million, supported by the results of the scrap-and-build initiatives pursued for several years, efforts to improve customer attraction through store integration and diversification, and increased wholesale revenue to franchise stores and other customers, despite the continued severe market environment. Efforts to reduce SG&A expenses resulted in an improvement from the same period of the previous year, but the business still posted an operating loss of ¥321 million, compared with an operating loss of ¥797 million in the same period of the previous year, and did not achieve profitability.」
The business advanced store openings and closures, as well as store integration and diversification. The operating loss narrowed from the same period of the previous year, but an operating loss remained. This filing does not explicitly identify initial costs for new store openings as a cause of the loss. - FY2017WorsenedAnnual report
「In the consolidated fiscal year under review, the business environment remained difficult owing to restrained consumer spending amid weaker consumer sentiment. However, increased wholesale revenue to franchise stores and other customers lifted revenue 1.5% year on year to ¥76,382 million. SG&A expenses also increased, partly owing to higher costs from new store openings since the previous year and the impact of changing the method for calculating retirement benefit obligations from the simplified method to the general method. As a result, the business posted an operating loss of ¥978 million, compared with an operating loss of ¥335 million in the previous fiscal year.」
Higher SG&A expenses, including costs associated with new store openings, continued, and the operating loss of the Store and Online Sales business widened from ¥335 million in the previous year to ¥978 million. - FY2017-Q3WorsenedAnnual report
「Regarding store operations, the Tachikawa Takashimaya store opened in February 2016, the Minami-Funabashi store and Maruhiro Department Store Higashimatsuyama store opened in August, and the Kashiwa Modi store opened in October. The Sennichimae store closed in March, while the Sapporo Kita 1-jo store and COMICS JUNKUDO Namba store closed in September. As a result, there were 90 stores as of the end of October 2016.」
SG&A expenses increased owing to higher costs associated with new store openings and other factors, and the Store and Online Sales business posted an operating loss of ¥797 million. The loss expanded from the ¥193 million operating loss for the cumulative second quarter, indicating increasing pressure on profit from store-related costs. - FY2017-Q2WorsenedAnnual report
「Regarding store operations, the Tachikawa Takashimaya store opened in February 2016 and the Sennichimae store closed in March. As a result, there were 89 stores as of the end of July 2016.」
Costs associated with new store openings, renovations and closures continued to arise, and the Store and Online Sales business deteriorated from an operating loss of ¥28 million in the same period of the previous year to an operating loss of ¥193 million. - FY2017-Q1MaterialisedAnnual report
「Selling, general and administrative expenses increased, partly owing to the recognition of initial costs associated with new store openings, resulting in operating profit of ¥100 million, down 32.8% year on year.」
Initial costs associated with new store openings and higher SG&A expenses were cited as factors behind the decline in operating profit for the Store and Online Sales business in the first quarter.