The Burden of Launching Overseas Businesses
First written in FY2016. 5 of 8 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026.
Ap Holdings moved to the "Worse" side of this theme in 2016, 5 years before the typical company in this theme (2021).
The whole theme swung hardest in 2025: 5 of 10 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In Hong Kong, the company completed the withdrawal from unprofitable stores and radically reviewed its cost structure by bringing administrative functions in-house. As a result, it achieved a return to standalone profitability for the first time in 37 months.」
In response to the burden of launching and operating the overseas business, the company withdrew from unprofitable stores in Hong Kong and brought administrative functions in-house, reporting a return to standalone profitability for the first time in 37 months. - FY2019WorsenedAnnual report
「Higher expenses from investments in new store openings and factory launches, as well as higher expenses associated with launching the overseas business, also contributed to the decline in operating income.」
The burden of launching the overseas business, together with costs for new store openings and the factory launch, was reflected in full-year results as a factor behind the decline in operating income. - FY2018RestatedAnnual report
「Higher expenses from investments in new store openings and factory launches, as well as higher expenses associated with launching the overseas business, also contributed to the decline in operating income.」
The cost burden associated with new store openings, factory launches and the launch of the overseas business continues to be identified as a factor affecting operating income. - FY2017WorsenedAnnual report
「The main factor behind the decline in profit in the sales business was the decrease in profit accompanying lower sales at existing stores. In addition, higher expenses from investments in new store openings and factory launches, as well as higher expenses associated with launching the overseas business, also contributed to the decline in operating income.」
Expenses for launching the overseas business, together with costs for new store openings and factory launches, were reflected in full-year results as factors behind the decline in operating income. - FY2017-Q3WorsenedAnnual report
「As a result, revenue for the cumulative third quarter of the current consolidated fiscal year increased to ¥19,484 million, up 22.3% year on year. However, due to the impact of lower sales at existing stores and higher launch costs for overseas and new businesses, operating income declined 58.0% year on year to ¥263 million, ordinary income declined 46.5% to ¥417 million, and quarterly net income attributable to owners of the parent declined 68.6% to ¥141 million.」
Higher launch costs for overseas and new businesses materialized as factors behind declines in operating income, ordinary income and quarterly net income attributable to owners of the parent. - FY2017-Q2WorsenedAnnual report
「The increase in preparation costs resulting from continued openings of overseas food-service outlets was a factor behind the decline in profit from the previous period.」
The increase in preparation costs associated with continued overseas store openings was again identified as a factor behind the decline in profit. - FY2017-Q1WorsenedAnnual report
「During the first quarter, new openings of food-service outlets, including overseas locations, continued, increasing preparation costs.」
The company reported an increase in preparation costs associated with continuing to open stores, including overseas locations. - FY2016First statedAnnual report
「Although sales have remained healthy, the burden of launching the business has become heavier, including the acquisition of 3 businesses in Singapore in April 2016.」
While overseas sales remained healthy, the company identified the burden of launching operations, including the acquisition of businesses in Singapore, as a cost incurred during the period.