Risks of Failing to Secure Properties for New Stores and Achieve Planned Store Profitability
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2018: 7 of 33 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Suitable properties that meet the needs of our group may not always be secured. In addition, even if properties aligned with our group's plans are secured, we may be unable to achieve the planned store profitability.」
It reconfirms the inability to secure suitable properties and the failure to achieve planned store profitability as ongoing risks associated with new store openings. - FY2021RestatedAnnual report
「Suitable properties that meet the needs of our group may not always be secured. In addition, even if properties aligned with our group's plans are secured, we may be unable to achieve the planned store profitability.」
It reiterates the inability to secure suitable properties and the failure to achieve planned store profitability as ongoing risks associated with new store openings. - FY2019-Q3RestatedAnnual report
「In addition, many stores continued to fall short of their sales plans at opening, while cannibalization occurred at stores opened near existing stores, causing existing-store sales to remain below the prior-year level.」
It reiterates the recognition that stores fell short of their sales plans at opening and that cannibalization occurred as a result of opening additional stores near existing stores. - FY2019-Q2MaterialisedAnnual report
「In addition, many stores continued to fall short of their sales plans at opening, while cannibalization occurred at stores opened near existing stores, causing existing-store sales to remain below the prior-year level.」
It states that many stores fell short of their sales plans at opening and that cannibalization occurred as a result of opening additional stores near existing stores. - FY2017RestatedAnnual report
「For new store openings, the company seeks to obtain a broad range of information not only from external sources such as real estate agents, as in the past, but also from its relationship banks and business partners. However, suitable properties that meet the company's needs may not always be secured. In addition, even if a property aligned with the company's plans is secured, the company may not achieve the planned store profitability.」
The company describes efforts to broaden the sources from which it collects property information, while reiterating the risks of failing to secure suitable properties and failing to achieve planned store profitability. - FY2016First statedAnnual report
「Suitable properties that meet the company's needs may not always be secured. In addition, even if a property aligned with the company's plans is secured, the company may not achieve the planned store profitability.」
The company identifies the inability to secure candidate properties and the failure to achieve planned store profitability after opening as risks related to its store expansion plans.