Fundamental Structural Reform Through the Rationalization of Unprofitable Stores
First written in FY2019. 8 of 19 entries say "Advanced", first in FY2020-Q1. Latest entry: 2026-08-14.
The whole theme swung hardest in 2018: 4 of 36 companies on the "Worse" side.
2 other companies' latest entry also says "Achieved".
- 2026-08-14AchievedEarnings presentationSuggests it is closing out
「Structural reforms after COVID-19 have been completed, and the company has entered a new growth phase.」
The company stated that structural reforms were complete and that it had entered a growth phase. - FY2026AdvancedAnnual report
「In addition to structural reform, including cost reductions, pursued since the previous fiscal year, solid performance in the domestic food-service business and the sale of all shares in subsidiary Real Taste Co., Ltd., completed on 30 May 2025, have contributed to the stabilization of the financial position.」
Through structural reform including cost reductions, improvements in the domestic food-service business, and the sale of Real Taste Co., Ltd., net assets shifted from negative ¥50 million to ¥1,124 million. - FY2026-H1AdvancedAnnual report
「In addition to structural reform, including cost reductions, pursued since the previous fiscal year, solid performance in the domestic food-service business and the sale of all shares in subsidiary Real Taste Co., Ltd., completed on 30 May 2025, have contributed to the stabilization of the financial position.」
The Company states that its financial position has stabilized as a result of continuing structural reform, including cost reductions, solid performance in the domestic food-service business, and the sale of Real Taste Co., Ltd. - FY2025-H1AdvancedAnnual report
「To continue responding to changes in the consumption environment, the Company sought to rebuild its brands by opening 4 new stores and changing the business formats of 4 stores. Although this resulted in an increase in one-time expenses, consolidated operating profit and interim net income attributable to owners of the parent were positive for the current interim consolidated accounting period.」
The Company linked structural reform with brand rebuilding through new store openings and business format changes, resulting in positive consolidated operating profit and interim net income attributable to owners of the parent for the current interim consolidated accounting period. - FY2024AdvancedAnnual report
「To resolve the above circumstances, the Company has continued to review the earnings structure of its existing businesses, reduce fixed costs, and withdraw from stores with no prospect of recovery, thereby working toward an early recovery in performance. It recorded operating profit in the second half from October 2023 to March 2024.」
The Company continued to review the earnings structure of its existing businesses, reduce fixed costs, and withdraw from stores with no prospect of recovery, and recorded operating profit in the second half from October 2023 to March 2024. - FY2024-Q3AdvancedAnnual report
「Although existing-store sales have recovered significantly as domestic consumption recovers and inbound demand increases, the Company has withdrawn from some less profitable stores. During the cumulative third quarter of the current consolidated fiscal year, its directly operated stores included 1 new opening, 2 renovations, and 12 closures.」
As specific measures for earnings structure reform, the Company opened 1 new store, renovated 2 stores, and closed 12 stores. - FY2024-Q2AdvancedAnnual report
「To resolve the above circumstances, the Company will review the earnings structure of its existing businesses, continue reducing fixed costs and withdrawing from stores with no prospect of recovery, and work to achieve an early recovery in performance.」
Regarding business portfolio and cost structure reform, the Company continues to review the earnings structure of its existing businesses, reduce fixed costs, and withdraw from stores with no prospect of recovery. - FY2024-Q1RestatedAnnual report
「To resolve the above circumstances, the Company will deepen and expand cooperation with its relationship financial institutions based on its cash flow plan, issue the fourth through sixth series of share acquisition rights through a third-party allotment, enter into a share acquisition rights purchase agreement under a Target Issue Program, and further accelerate the review of its business portfolio and cost structure reform to respond to new consumer needs after the resolution of COVID-19, thereby seeking an early improvement in performance.」
The Company continues its policy of achieving an early improvement through its cash flow plan, cooperation with financial institutions, funding through share acquisition rights, and a review of its business portfolio and cost structure reform. - FY2023-Q2RestatedAnnual report
「In addition, to respond to new lifestyles and consumer needs after the resolution of COVID-19, the Company will accelerate the review of its business portfolio and cost structure reform to achieve an early improvement in performance.」
The Company continues its policy of accelerating the review of its business portfolio and cost structure reform in response to new lifestyles and consumer needs. - FY2022-Q3RestatedAnnual report
「In addition, to respond to new lifestyles and consumer needs after the resolution of COVID-19, the Company will accelerate the review of its business portfolio and cost structure reform to achieve an early improvement in performance.」
The Company continues its policy of accelerating the review of its business portfolio and cost structure reform in response to new lifestyles and consumer needs. - FY2022-Q2RestatedAnnual report
「However, to respond to new lifestyles and consumer needs after the resolution of COVID-19, the Company will further accelerate the review of its business portfolio and cost structure reform to achieve an early improvement in performance.」
The Company continues its policy of accelerating the review of its business portfolio and cost structure reform in response to new lifestyles and consumer needs. - FY2022-Q1RestatedAnnual report
「In addition, to respond to new lifestyles and consumer needs after the resolution of COVID-19, the Company will accelerate the review of its business portfolio and cost structure reform to achieve an early improvement in performance.」
The Company continues its policy of accelerating the review of its business portfolio and cost structure reform in response to new lifestyles and consumer needs. - FY2021RestatedAnnual report
「In addition, to respond to new lifestyles and consumer needs after the resolution of COVID-19, the Company will accelerate the review of its business portfolio and cost structure reform to achieve an early improvement in performance.」
The Company continues structural reform, including the rationalization of unprofitable stores, to respond to new lifestyles and consumer needs. - FY2020AdvancedAnnual report
「Regarding the number of stores, including overseas locations, the company opened 8 new stores, changed the format of 2 and closed 28 as it proceeded with the closure of unprofitable stores. The number of directly operated stores at the end of the consolidated fiscal year was 197.」
The Company progressed with the closure of unprofitable stores, opening 8 new stores, closing 28 stores, and bringing the number of directly operated stores to 197 as part of its structural reform. - FY2020-Q1AdvancedAnnual 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.」
The Company rationalized unprofitable stores, reducing the number of stores by 3 to 189 as of the end of the first quarter. Structural reform is progressing, with priority given to maintaining sales at existing stores and improving store profitability. - FY2019First statedAnnual report
「In order to carry out fundamental structural reforms, the company recognized impairment losses of ¥1,398 million as a result of restructuring or deciding to close unprofitable stores in Japan and overseas.」
The Company has stated its policy of prioritizing improvements in existing-store profitability and implementing fundamental structural reform through the rationalization and closure of unprofitable stores in Japan and overseas, with impairment losses arising from implementation disclosed as a standalone measure for the first time.