Exit and Sale of Unprofitable Stores and Conversion to Different Business Formats
First written in FY2016. 37 of 38 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
3 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The company considers and implements format conversions and closures of underperforming stores as needed.」
For the fiscal year ending March 2026, the company closed 9 stores and converted 0 stores to other formats. It continues its policy of adjusting the store portfolio by closing or converting underperforming stores. - FY2026-H1AdvancedAnnual report
「As a result, we opened 14 new stores and closed 9 stores, including franchised stores, bringing the store count at the end of the current interim consolidated fiscal period to 387, including franchised stores.」
The company continued adjusting the store portfolio through a combination of new openings and closures. During the six-month interim consolidated accounting period, it opened 14 stores and closed 9 stores. - FY2025-H1AdvancedAnnual report
「As a result, we opened 16 new stores and closed 2 stores, including franchised stores, bringing the store count at the end of the current interim consolidated fiscal period to 362, including franchised stores.」
The company continued adjusting the store portfolio through a combination of new openings and closures. During the six-month interim consolidated accounting period, it opened 16 stores and closed 2 stores. - FY2024AdvancedAnnual report
「The company considers and implements format conversions and closures of underperforming stores as needed.」
During the period, the company closed 6 stores and converted 6 stores to other formats, continuing to adjust the store portfolio in conjunction with new openings. - FY2024-Q3AdvancedAnnual report
「As a result, we opened 15 new stores and closed 5 stores, bringing the store count at the end of the third quarter of the current consolidated fiscal year to 342, including franchised stores.」
The company adjusted the store portfolio through 15 new openings and 5 closures, with openings exceeding closures. - FY2024-Q2AdvancedAnnual report
「As a result, we opened 10 new stores and closed 4 stores, bringing the store count at the end of the second quarter of the current consolidated fiscal year to 338, including franchised stores.」
The company continued adjusting the store portfolio through new openings and closures, with openings exceeding closures in the second quarter. - FY2024-Q1AdvancedAnnual report
「As a result, we opened 6 new stores and closed 3 stores, bringing the store count at the end of the first quarter of the current consolidated fiscal year to 335, including franchised stores.」
The company continued adjusting the store portfolio through 6 new openings and 3 closures. The store count increased from the end of the previous period. - FY2023AdvancedAnnual report
「The company considers and implements format conversions and closures of underperforming stores as needed.」
During the period, the company closed 15 stores and converted 9 stores to other formats, continuing to adjust the store portfolio through closures and format conversions of underperforming and other stores. - FY2023-Q3AdvancedAnnual report
「As a result, we opened 15 new stores and closed 10 stores, bringing the store count at the end of the third quarter of the current consolidated fiscal year to 331, including franchised stores.」
The company adjusted the store portfolio through 15 new openings and 10 closures, bringing the number of stores at period-end to 331. - FY2023-Q2AdvancedAnnual report
「As a result, we opened 8 new stores and closed 5 stores, bringing the store count at the end of the second quarter of the current consolidated fiscal year to 329, including franchised stores.」
The company continued adjusting the store portfolio through new openings and closures, with 8 new openings exceeding 5 closures in the second quarter. - FY2023-Q1AdvancedAnnual report
「As a result, we opened 2 new stores and closed 4 stores, bringing the store count at the end of the first quarter of the current consolidated fiscal year to 324, including franchised stores.」
The company continued adjusting the store portfolio through new openings and closures, with 4 closures exceeding 2 new openings during the quarter. - FY2022AdvancedAnnual report
「The company considers and implements format conversions and closures of underperforming stores as needed.」
During the period, the company closed 8 stores and converted 16 stores to other formats, continuing to adjust the store portfolio through closures and format conversions of underperforming and other stores. - FY2022-Q3AdvancedAnnual report
「As a result, the company opened 5 new stores and closed 7 stores, bringing the total number of stores at the end of the third quarter of the consolidated fiscal period to 325, including franchise stores.」
The company continued adjusting the store portfolio through new openings and closures, with 7 closures exceeding 5 new openings during the quarter. - FY2022-Q1AdvancedAnnual report
「The company opened new stores in areas without a state of emergency declaration or priority preventive measures, and converted low-margin stores to the 「や台ずし」 format.」
The company implemented measures to convert low-margin stores to its core 「や台ずし」 format. The disclosure states that store portfolio improvements continued even during the pandemic. - FY2021AdvancedAnnual report
「Meanwhile, we strategically proceeded with exits from and sales of low-margin stores to improve margins company-wide.」
The company continued to exit from and sell low-margin stores, closing 29 stores and converting 11 stores to other formats during the period. - FY2021-Q3AdvancedAnnual report
「As a result, the company opened 12 new stores, converted 4 stores to different business formats and closed 29 stores, bringing the total number of stores at the end of the third quarter to 326, including franchise stores.」
The company continued adjusting the store portfolio through new store openings, format conversions and closures, and closed 29 stores cumulatively. - FY2021-Q2AdvancedAnnual report
「As a result, the company opened 6 new stores and closed 26 stores, bringing the total number of stores at the end of the second quarter to 323, including franchise stores.」
During the six months ended the second quarter, the company closed 26 stores and advanced adjustments to the store portfolio through openings and closures. - FY2021-Q1AdvancedAnnual report
「During the period of suspended operations, we negotiated rent reductions and sold and exited from stores strategically, working to contain store maintenance costs.」
During the period of suspended operations, the company negotiated rent reductions and sold and exited from stores, advancing store portfolio adjustments and efforts to contain maintenance costs. - FY2020AdvancedAnnual report
「We strategically proceeded with exits from and sales of low-margin stores and worked to improve margins by improving margins company-wide and efficiently reallocating personnel, among other measures.」
During the period, 12 stores were closed and 1 store was converted to another format, while exits from and sales of low-margin stores and store portfolio adjustments continued. - FY2020-Q3AdvancedAnnual report
「As a result, the company opened 24 new stores and closed 10 stores, bringing the total number of stores at the end of the third quarter to 332, including franchise stores.」
During the nine months ended the third quarter, 24 new stores were opened and 10 stores were closed, and adjustments to the store portfolio through openings and closures continued. - FY2020-Q2AdvancedAnnual report
「As a result, the company opened 16 new stores and closed 9 stores, bringing the total number of stores at the end of the second quarter to 325, including franchise stores.」
During the six months ended the second quarter, 16 new stores were opened and 9 stores were closed, and adjustments to the store portfolio through openings and closures continued. - FY2020-Q1AdvancedAnnual report
「As a result, the company opened 6 new stores and closed 8 stores, bringing the total number of stores at the end of the first quarter to 316, including franchise stores.」
During the first quarter, 6 new stores were opened and 8 stores were closed, advancing adjustments to the store portfolio. - FY2019AdvancedAnnual report
「Meanwhile, we strategically proceeded with exits from and sales of low-margin stores to improve margins company-wide, while working to efficiently reassign personnel in response to the stricter limits on overtime effective from April 2019 under amendments to the Labor Standards Act associated with work-style reforms.」
We continued to exit from and sell low-margin stores and convert stores to other formats. During the period, 5 stores were closed and 6 stores were converted to other formats. - FY2019-Q3AdvancedAnnual report
「The 「ニパチ」 format, a low-priced izakaya with uniform pricing, opened 5 new stores, converted 1 store to another format and closed and exited from 2 stores. Its store count was 76, accounting for 24.5% of total stores, and sales from this format were ¥2,871 million. The 「これや」 format, a kushikatsu izakaya, converted 3 stores to other formats. Its store count was 17, accounting for 5.5% of total stores, and sales from this format were ¥512 million.」
The company adjusted the store portfolio in the 「ニパチ」 format, including closing and exiting from 2 stores, and converted 3 「これや」 stores to other formats. - FY2019-Q2AdvancedAnnual report
「As a result, the company opened 19 new stores and converted 3 stores to different business formats, bringing the total number of stores at the end of the second quarter to 301, including franchise stores.」
During the six months ended the second quarter, 3 stores were converted to other formats, and adjustments to the store portfolio continued. The specific destination formats and their relationship to underperforming stores cannot be identified from this disclosure alone. - FY2019-Q1AdvancedAnnual report
「As a result, the company opened 8 new stores and converted 2 stores to different business formats, bringing the total number of stores at the end of the first quarter to 291, including franchise stores.」
During the first quarter, 2 stores were converted to other formats. The specific destination formats cannot be identified from this disclosure alone, but adjustments to the store portfolio involving format conversions are continuing. - FY2018AdvancedAnnual report
「We strategically proceeded with exits from and sales of stores, primarily those with low margins, and worked to maintain high margins by improving margins company-wide and efficiently reallocating personnel.」
We continued to exit from and sell low-margin stores and reassign personnel. During the period, 4 stores were closed and 2 stores were converted to other formats. - FY2018-Q3AdvancedAnnual report
「The 「これや」 kushikatsu izakaya format opened 5 new locations and converted 1 location, bringing the total to 21 locations, or 7.6% of total locations. Revenue was ¥577 million, up 283.4% year on year.」
Expansion of the 「これや」 format, including conversions, progressed to 21 stores, with results in profitability improvement and format expansion through conversions of existing stores and new store openings reported. - FY2018-Q2AdvancedAnnual report
「The 「これや」 kushikatsu izakaya format opened 3 new locations and converted 1 location, bringing the total to 19 locations, or 7.3% of total locations. Revenue was ¥364 million, up 387.1% year on year.」
The 「これや」 format was expanded to 19 stores through conversions, including of existing stores, and new store openings, with results in profitability improvement and format expansion reported. - FY2018-Q1AdvancedAnnual report
「The 「これや」 kushikatsu izakaya format added 1 location through a format conversion, bringing the total to 17 locations, or 7.0% of total locations. Since the previous fiscal year, the company has focused on opening locations through conversions of existing stores and has made steady progress in improving earnings.」
It states that 1 store, primarily an existing store, was converted to the 「これや」 format and that profitability improvement is progressing steadily. - FY2017AdvancedAnnual report
「As a result, we opened 38 new stores, closed 5 stores and converted 13 stores to other formats. As of 31 March 2017, the total number of stores was 234, including franchise stores.」
During the period, 13 stores were converted to the 「これや」 format and 5 stores were closed. The company continues to improve margins by converting or exiting underperforming stores. - FY2017-Q3AdvancedAnnual report
「We worked to improve profitability by converting underperforming stores to this format, and performance progressed steadily. Following the conversions, there are now 8 stores in this format, and we plan to continue expanding it, including through new store openings.」
Conversions of underperforming stores to the 「これや」 format progressed to 8 stores, and profitability improvement is described as having progressed steadily. - FY2017-Q2AdvancedAnnual report
「We worked to improve profitability by converting underperforming stores to this format, and performance progressed steadily. Following the conversions, there are now 6 stores in this format, and we plan to continue expanding it, including through new store openings.」
Conversions of underperforming stores to the 「これや」 format progressed to 6 stores, and profitability improvement is described as having progressed steadily. - FY2017-Q1AdvancedAnnual report
「We worked to improve profitability by converting underperforming stores to this format, and performance progressed steadily. Following the conversions, there are now 3 stores in this format, and we plan to continue expanding it, including through new store openings.」
It states that the initiative to convert underperforming stores to the 「これや」 format was implemented at 3 stores and that profitability improved steadily. - FY2016First statedAnnual report
「The Company has sought to improve performance by strategically withdrawing from or selling small stores with low profit margins and underperforming stores, while improving the overall profit margin and efficiently reallocating personnel.」
The Company periodically considers and implements store format conversions and withdrawals for underperforming stores.