Decline in same-store sales and lower store profitability
First written in FY2016. 17 of 39 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026.
Ap Holdings moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2020: 6 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The company thoroughly implemented a leaner management approach by deliberately restraining new store openings and concentrating management resources on improving the quality of existing stores.」
By restraining new store openings and focusing operations on existing stores, segment income in the domestic food-service business increased from ¥26 million in the previous year to ¥445 million, indicating improved profitability through the focus on existing stores. - FY2026-H1MitigatedAnnual report
「Same-store sales for the domestic food-service business have remained at 103.5% of the previous year's level. The company operates 124 directly managed stores, a decrease of 15 stores from the same period of the previous year. As a result, revenue for the current interim consolidated accounting period was ¥7,628 million, up 6.4% year on year, and segment income was ¥278 million, up 465.1% year on year.」
Although the number of domestic stores declined, same-store sales were 103.5% of the previous year's level, and segment income in the domestic food-service business improved to ¥278 million. - FY2025-H1MitigatedAnnual report
「As a result, revenue for the current interim consolidated accounting period was ¥10,139 million, up 1.9% year on year, operating income was ¥15 million, compared with an operating loss of ¥450 million in the previous interim consolidated accounting period, ordinary income was ¥29 million, compared with an ordinary loss of ¥394 million in the previous interim consolidated accounting period, and interim net income attributable to owners of the parent was ¥7 million, compared with an interim net loss attributable to owners of the parent of ¥411 million in the previous interim consolidated accounting period.」
Revenue increased 1.9% year on year, while operating income improved from a loss of ¥450 million to income of ¥15 million, and ordinary income improved from a loss of ¥394 million to income of ¥29 million. - FY2024MitigatedAnnual report
「As a result, revenue for the current consolidated fiscal year was ¥19,862 million, up 20.1% year on year, while the segment loss was ¥207 million, compared with a segment loss of ¥1,722 million in the previous year.」
Revenue in the sales business increased 20.1% year on year, and the segment loss narrowed from ¥1,722 million to ¥207 million. However, the business remains loss-making. - FY2024-Q3MitigatedAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥14,989 million, up 24.6% year on year, while the segment loss was ¥193 million, compared with a segment loss of ¥1,348 million in the same period of the previous year.」
Existing-store sales recovered significantly as domestic consumption and inbound demand recovered, and the segment loss in the sales business narrowed from ¥1,348 million to ¥193 million. However, the loss-making position and the closure of stores with declining profitability continue. - FY2024-Q2MitigatedAnnual report
「In addition, the recovery in foot traffic in Japan, together with a recovery in demand for drinking parties and banquets, led to a significant recovery in the performance of izakaya formats such as Tsukada Nojo and Yonjuhachigyoba, where sales had been slow to recover, in addition to the mid- to high-end formats that had remained firm even during the COVID-19 pandemic. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥9,772 million, up 32.4% year on year, while the segment loss was ¥428 million, compared with a segment loss of ¥1,181 million in the same period of the previous year.」
Existing-store sales in the domestic food-service business recovered as foot traffic and banquet demand recovered, and the segment loss in the sales business narrowed from ¥1,181 million in the same period of the previous year to ¥428 million. However, the business remains loss-making. - FY2024-Q1MitigatedAnnual report
「As a result, revenue for the three months ended 30 June was ¥4,902 million, up 31.1% year on year, and the operating loss was ¥223 million, compared with an operating loss of ¥633 million in the same period of the previous fiscal year.」
The recovery in sales increased revenue 31.1% year on year, and the operating loss narrowed from ¥633 million to ¥223 million. However, an operating loss continued to be recorded. - FY2023MitigatedAnnual report
「As a result, revenue for the consolidated fiscal year was ¥16,544 million, up 117.7% year on year, and the segment loss was ¥1,722 million, compared with a segment loss of ¥3,567 million in the previous fiscal year.」
The recovery in sales following the lifting of restrictions on activity increased revenue in the sales business, and the segment loss narrowed from ¥3,567 million in the previous year to ¥1,722 million. However, the loss continued. - FY2023-Q3MitigatedAnnual report
「Sales across all stores during the nine months ended 31 December were 113.1% of the previous year. This was because sales at the Group's stores increased following the lifting of restrictions on activity imposed in response to the spread of COVID-19. As a result, revenue for the nine months ended 31 December was ¥12,032 million, up 113.1% year on year, and the segment loss was ¥1,348 million, compared with a segment loss of ¥2,202 million in the same period of the previous fiscal year.」
Following the lifting of restrictions on activity, sales across all stores in the sales business increased 113.1% year on year, and the segment loss narrowed from ¥2,202 million in the same period of the previous year to ¥1,348 million. - FY2023-Q2MitigatedAnnual report
「Sales across all stores during the six months ended 30 September were 187.6% of the previous year. This was because sales at the Group's stores increased following the lifting of restrictions on activity imposed in response to the spread of COVID-19. As a result, revenue for the six months ended 30 September was ¥7,378 million, up 187.6% year on year, and the segment loss was ¥1,181 million, compared with a segment loss of ¥1,502 million in the same period of the previous fiscal year.」
Following the lifting of restrictions on activity, sales across all stores in the sales business increased 187.6% year on year, and the segment loss narrowed from ¥1,502 million in the same period of the previous year to ¥1,181 million. However, a segment loss was still recorded. - FY2023-Q1MitigatedAnnual report
「Sales across all stores during the three months ended 30 June increased 177.3% year on year. This was because sales at the Group's stores increased following the lifting of restrictions on activity imposed in response to the spread of COVID-19. As a result, revenue for the three months ended 30 June was ¥3,604 million, up 177.3% year on year, and the segment loss was ¥587 million, compared with a segment loss of ¥757 million in the same period of the previous fiscal year.」
Following the lifting of restrictions on activity, sales across all stores increased 177.3% year on year, and the segment loss in the sales business narrowed from ¥757 million to ¥587 million. However, a segment loss was still recorded. - FY2022-Q3RestatedAnnual report
「Sales across all stores during the nine months ended 31 December fell 17.8% year on year. This was because most of the Group's stores voluntarily suspended operations for almost the entire second quarter to help prevent the spread of COVID-19. As a result, revenue for the nine months ended 31 December was ¥5,646 million, down 17.8% year on year, and the segment loss was ¥2,202 million, compared with a segment loss of ¥2,397 million in the same period of the previous fiscal year.」
Due to the impact of voluntary operating suspensions, sales across all stores fell 17.8% year on year, and the sales business reported a segment loss of ¥2,202 million. Problems with existing stores and store profitability continued. - FY2022-Q2WorsenedAnnual report
「Sales across all stores during the six months ended 30 September fell 30.0% year on year. This was because, as in the first quarter, most of the Group's stores voluntarily suspended operations for almost the entire period to help prevent the spread of COVID-19.」
As a result of most stores voluntarily suspending operations for almost the entire period, sales across all stores fell 30.0% year on year, and the sales business reported a segment loss of ¥1,502 million. - FY2022-Q1A rebound masked the underlying situationAnnual report
「Sales across all stores during the three months ended 30 June increased 12.7% year on year. This was because, as in the first quarter of the previous fiscal year, most of the Group's stores voluntarily suspended operations for almost the entire period to help prevent the spread of COVID-19.」
Sales across all stores increased 12.7% year on year, but the increase was a rebound from the voluntary suspension of operations at most stores for much of the previous-year period. The sales business still reported a segment loss of ¥757 million, and the Company did not state that the profitability problems at existing stores had been resolved. - FY2021WorsenedAnnual report
「Sales across all stores during the consolidated fiscal year fell 61.2% year on year. This was due mainly to a decline in customer traffic resulting from voluntary operating suspensions and shortened business hours.」
Sales across all stores fell 61.2% year on year as a result of voluntary operating suspensions and shortened business hours, substantially worsening the risk of declining same-store sales. - FY2021-Q3WorsenedAnnual report
「Sales across all stores during the nine months ended 31 December fell 60.4% year on year. This was due mainly to a decline in customer traffic resulting from voluntary operating suspensions and shortened business hours.」
As customer traffic declined due to voluntary operating suspensions and shortened business hours, sales across all stores in the sales business fell 60.4% year on year, substantially worsening the decline in sales. - FY2021-Q2WorsenedAnnual report
「Sales across all stores during the six months ended 30 September fell 67.7% year on year. This was due mainly to a decline in customer traffic resulting from voluntary operating suspensions and shortened business hours.」
As customer traffic declined due to voluntary operating suspensions and shortened business hours, sales across all stores fell 67.7% year on year, substantially worsening the risk of declining same-store sales. - FY2021-Q1WorsenedAnnual report
「Sales across all stores during the three months ended 30 June fell 80.3% year on year. This was because most of the Group's stores voluntarily suspended operations for approximately 2 months to help prevent the spread of COVID-19.」
Because most stores voluntarily suspended operations, sales across all stores fell 80.3% year on year, substantially intensifying the impact of declining same-store sales. - FY2020WorsenedAnnual report
「Sales across all stores during the consolidated fiscal year were 93.6% of the previous year. To improve profitability, the Company promoted operational improvements and service enhancements by strengthening communication between frontline staff and management. However, sales in the sales business declined because the Company reduced the number of unprofitable stores and was significantly affected by the COVID-19 pandemic.」
Sales across all stores were 93.6% of the previous year, and sales in the sales business declined because of the reduction in unprofitable stores and the impact of the COVID-19 pandemic. - FY2020-Q3MitigatedAnnual report
「The number of domestic restaurants in the third quarter decreased by 3 to 185 at the end of the quarter. However, management launched a company-wide project involving its full participation to maximise sales during the busy season, and promoted improvements in store operations and service. As a result, sales in the sales business were broadly flat.」
Although the number of domestic stores declined by 3, improvements in store operations and service quality left sales for the sales business largely flat, mitigating the deterioration in sales associated with the decline in store numbers compared with the previous quarter. - FY2020-Q2MitigatedAnnual report
「Although the number of domestic restaurants decreased by 7 to 182 at the end of the second quarter, same-store sales remained firm through more efficient allocation of human resources. In addition, sales from new stores, including those resulting from business integrations, increased, resulting in a slight increase overall.」
Although the number of domestic stores declined, same-store sales remained firm through the efficient allocation of personnel resources, and sales from new stores, including those integrated through management integration, resulted in a slight increase in sales for the sales business as a whole. The decline in same-store sales was described as moving toward improvement. - FY2020-Q1MitigatedAnnual report
「Sales at all stores during the current first-quarter consolidated cumulative period were 102.9% of the prior-year period. Although the number of stores decreased by 3 to 189 at the end of the first quarter as unprofitable stores were reviewed, same-store sales remained firm due to more efficient allocation of human resources. In addition, sales from new stores, including those resulting from business integrations, increased, resulting in a slight increase overall.」
Although the number of stores declined, same-store sales remained firm, and sales across all stores reached 102.9% of the previous year. The decline in same-store sales improved from the previous fiscal year. - FY2019WorsenedAnnual report
「Sales across all stores during the consolidated fiscal year were 94.9% of the previous year. Although 16 domestic food-service stores closed year on year, the number of stores increased by 4 through new openings and by 15 through the acquisition of shares in 株式会社リアルテイスト in December 2018, bringing the total to 200 as of the end of the consolidated fiscal year. However, because sales at existing stores declined year on year, sales for the sales business as a whole remained largely flat.」
In addition to lower same-store sales, sales across all stores were 94.9% of the previous year. Although 16 domestic stores closed, the sales business reported declines in both revenue and profit even after including the increase in stores through the acquisition. - FY2019-Q3WorsenedAnnual report
「Sales at all stores during the current third-quarter consolidated cumulative period were 92.8% of the prior-year period. This reflected a year-on-year decrease of 10 domestic restaurants, to 188 at the end of the third quarter, as well as lower same-store sales, resulting in a decline in sales in the sales business.」
In addition to lower same-store sales, the number of domestic stores declined by 10 year on year, causing sales across all stores to fall to 92.8% of the previous year. The sales business reported a segment loss of ¥139 million. - FY2019-Q2WorsenedAnnual report
「Sales at all stores during the current second-quarter cumulative period were 89.9% of the prior-year period. This reflected a year-on-year decrease of 9 domestic restaurants, to 189 at the end of the second quarter, as well as lower same-store sales, resulting in a decline in sales in the sales business.」
In addition to lower same-store sales, the number of domestic stores fell by 9, causing sales across all stores to decline to 89.9% of the previous year. - FY2019-Q1WorsenedAnnual report
「Sales at all stores during the current first-quarter consolidated cumulative period were 91.7% of the prior-year period. This reflected a year-on-year decrease of 4 domestic restaurants, to 209 at the end of the first quarter, as well as lower same-store sales, resulting in a decline in sales in the sales business overall.」
The number of domestic stores fell by 4, same-store sales also declined year on year, and sales across all stores fell to 91.7% of the previous year. - FY2018WorsenedAnnual report
「Sales across all stores during the consolidated fiscal year were 96.8% of the previous year. Although the number of domestic food-service stores increased by 4 year on year to 197 as of the end of the consolidated fiscal year, sales at existing stores declined year on year, leaving sales for the sales business as a whole largely flat.」
Although the number of domestic stores increased, sales across all stores were only 96.8% of the previous year, and the decline in same-store sales continued throughout the fiscal year. - FY2018-Q3WorsenedAnnual report
「Sales across all stores during the nine months ended 31 December were 97.9% of the previous year. Although the number of domestic food-service stores increased by 5 year on year to 198 as of the end of the third quarter, sales at existing stores declined year on year, leaving sales for the sales business as a whole largely flat.」
Despite a 5-store increase in the number of domestic stores, sales across all stores were only 97.9% of the previous year, and the decline in same-store sales continued. The risk of declining same-store sales also remained evident in the figures. - FY2018-Q2WorsenedAnnual report
「Sales across all stores during the six months ended 30 September were 98.8% of the previous year. Although the number of domestic food-service stores increased by 9 year on year to 198 as of the end of the second quarter, sales at existing stores declined year on year, leaving sales for the sales business as a whole largely flat.」
Despite a 9-store increase in the number of domestic stores, sales across all stores were only 98.8% of the previous year, and the decline in same-store sales continued. - FY2018-Q1RestatedAnnual report
「Sales across all stores during the nine months ended 30 June were 100.6% of the previous year. Although the number of domestic food-service stores increased by 4 year on year to 197 as of the end of the first quarter, sales at existing stores declined year on year, leaving sales for the sales business as a whole largely flat.」
Although the number of domestic stores increased by 4, the decline in same-store sales continued, leaving total sales for the sales business largely flat. - FY2017WorsenedAnnual report
「Sales at existing stores, including stores under the 「塚田農場」 brand, during the consolidated fiscal year were 94.3% of the previous consolidated fiscal year. Same-store sales in central urban areas remained weak through November, partly because new-store openings had been accelerated in the previous consolidated fiscal year, making this a major factor behind the decline in profit.」
Same-store sales were only 94.3% of the previous fiscal year, while segment profit in the sales business fell 70.6% year on year. - FY2017-Q3WorsenedAnnual report
「Sales at existing stores, including stores under the 「塚田農場」 brand, during the nine months ended 31 December were 93.8% of the previous year. Same-store sales in central urban areas remained weak through November, partly because new-store openings had been accelerated in the previous fiscal year, making this a major factor behind the decline in profit. In December, however, sales showed a slight recovery, reaching 97.4% of the same month of the previous year.」
Same-store sales were 93.8% of the previous year, with weakness continuing through November and contributing to the decline in profit. Sales recovered slightly to 97.4% of the prior-year level in December, but remained below that level. - FY2017-Q2WorsenedAnnual report
「The decline in same-store sales, changes in the formats of domestic food-service stores, and higher preparation costs resulting from the continued opening of overseas food-service stores were factors behind the decline in profit from the previous fiscal year.」
Same-store sales continued to decline, resulting in a segment loss of ¥131 million in the sales business and a consolidated operating loss of ¥43 million. - FY2017-Q1WorsenedAnnual report
「Profit declined as a result of lower same-store sales,」
The decline in same-store sales continued to weigh on profit, and the sales business reported a segment loss of ¥81 million in the first quarter. - FY2016First statedAnnual report
「However, sales declined year on year during the current fiscal year, mainly at stores in the Tokyo metropolitan area, and same-store sales across all existing stores were 93.4% of the previous year. This was the main reason for the year-on-year decline in operating income.」
The Company stated that same-store sales fell below the previous year and operating income was ¥597 million, down 52.9% year on year.