Strengthening the Earnings Base by Closing Unprofitable and Internally Competing Stores
First written in FY2019-Q2. 8 of 14 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2024.
Eternal Hospitality Group moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
4 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「In addition, Yakitori Daikichi will pursue renewed growth by turning the number of stores in Japan and overseas to net growth.」
The focus is broadening from restructuring the store network primarily through the closure of unprofitable stores and stores competing with the Company's own locations to renewed growth through the rebranding of Yakitori Daikichi, expansion into areas where it has no stores, and growth in the number of new franchisees and customers. - FY2023RestatedAnnual report
「We are also working to strengthen profitability management through amoeba management and to rationalise unprofitable stores.」
The rationalisation of unprofitable stores and the strengthening of profitability management through amoeba management are continuing as measures to restructure the store network and strengthen the earnings base. - FY2023-Q1AdvancedAnnual report
「As of the end of the first quarter of the fiscal year, the Company's group had 626 stores, a net increase of 4, including 393 directly operated stores, a net increase of 2.」
After shifting from restructuring the store network primarily through closures to resuming new store openings, the number of stores reached 626 and the number of directly operated stores reached 393, representing net increases of 4 and 2 stores, respectively, during the current quarter. - FY2022-Q3ReframedAnnual report
「Against this backdrop, we resumed new store openings, which had been discontinued since 2019, opening Torikizoku Hibiya in April 2022 and Torikizoku Gakuen-Toshi in May 2022, with the aim of achieving new growth.」
The focus is shifting from restructuring the store network primarily through the closure of unprofitable stores and stores competing with the Company's own locations to a policy of resuming new store openings, which had been suspended since 2019. The openings of the Hibiya and Gakuen-Toshi stores are specifically described. - FY2021AdvancedAnnual report
「During the fiscal year, 2 new stores were opened and 16 stores were closed, bringing the number of Torikizoku stores at the fiscal year-end to 615. The group closed 10 directly operated stores, bringing the number to 383.」
As part of the rationalisation of unprofitable stores and the restructuring of the store network, 16 stores were closed during the full fiscal year, including 10 directly operated stores. - FY2021-Q3AdvancedAnnual report
「During the cumulative third quarter, 1 new store was opened and 13 stores were closed, bringing the number of Torikizoku stores at the end of the third quarter to 617. The group closed 8 directly operated stores, bringing the number to 385.」
In connection with the restructuring of the store network and efforts to strengthen the earnings base, 13 stores were closed during the cumulative period under review, including 8 directly operated stores. - FY2021-Q2AdvancedAnnual report
「During the cumulative second quarter, 1 new store was opened and 8 stores were closed, leaving the number of Torikizoku stores at the end of the second quarter unchanged at 622. The company closed 6 directly operated stores, bringing the number to 387.」
As an achievement related to the restructuring of the store network, 8 stores were closed during the current quarter, including 6 directly operated stores. The filing does not specify whether each closed store was unprofitable or competed with the Company's own locations. - FY2021-Q1AdvancedAnnual report
「During the cumulative first quarter, 7 stores were closed, bringing the number of Torikizoku stores at the end of the first quarter to 622. The company closed 6 directly operated stores, bringing the number to 387.」
As part of the restructuring of the store network and efforts to strengthen the earnings base, 7 stores were closed during the current quarter, continuing the rationalisation of the store network through store closures. - FY2020AdvancedAnnual report
「During the fiscal year, 1 new store was opened and 31 stores were closed. The number of Torikizoku stores at the fiscal year-end was 629, a net decrease of 30 stores from the end of the previous fiscal year, while the company had 393 directly operated stores, a net decrease of 20 stores.」
As part of the rationalisation of unprofitable stores and the restructuring of the store network, 31 stores were closed during the full fiscal year. This was up from 29 closures in the previous fiscal year. - FY2020-Q2Cited as achievedAnnual report
「Meanwhile, through our thorough focus on profitability management and the contribution of closures of underperforming stores, selling, general and administrative expenses were ¥11,077,221 thousand, down 9.2% year on year,」
The closure of underperforming stores in the previous fiscal year is again cited as an actual measure that contributed to lower selling, general and administrative expenses and improved profitability. - FY2020-Q1Cited as achievedAnnual report
「Meanwhile, through our thorough focus on profitability management and the contribution of closures of underperforming stores in the previous fiscal year, selling, general and administrative expenses were ¥5,582,440 thousand, down 9.2% year on year,」
The closure of underperforming stores in the previous fiscal year is cited as an actual measure that contributed to lower selling, general and administrative expenses and improved profitability. No new store closures occurred during the current quarter. - FY2019AdvancedAnnual report
「During the fiscal year, we opened 23 new stores, mainly in the Kanto and Tokai regions, while closing 29 stores. As a result, the number of Torikizoku stores as of the end of the fiscal year was 659, a net decrease of 6 stores from the end of the previous fiscal year.」
Closures, including the rationalisation of unprofitable stores and stores competing with the Company's own locations, reached 29 for the full fiscal year, up from 27 as of the third quarter. The restructuring of the store network is progressing through actual store closures. - FY2019-Q3AdvancedAnnual report
「During the cumulative first nine months of the fiscal year, we opened 22 new stores, mainly in the Kanto and Tokai regions, while closing 27 stores. As a result, the number of Torikizoku stores as of the end of the third quarter was 660, a net decrease of 5 stores from the end of the previous fiscal year.」
During the cumulative third quarter, 27 stores were closed, including unprofitable stores and stores competing with the Company's own locations. This exceeded the plan announced in the previous fiscal year to close 21 stores. The measures to strengthen the earnings base of the store network are progressing through actual store closures. - FY2019-Q2First statedAnnual report
「Meanwhile, during the fiscal year, we plan to close 21 unprofitable stores and stores competing with our own locations.」
As a measure to strengthen same-store sales and the earnings base, the company has for the first time independently identified a specific plan to close 21 unprofitable stores and stores competing with its own locations.