Risk of new store openings not progressing
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2021.
Open House Group moved to the "Worse" side of this theme in 2021, 3 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 6 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2021ReframedAnnual report
「For example, in the Tokyo, Nagoya, Fukuoka and Osaka metropolitan areas, where the Group operates its detached-house-related business, the Company plans to develop its store network based on a comprehensive assessment of the location of candidate sites, competitor trends, area characteristics, profitability and other factors.」
The Osaka metropolitan area was added to the regions covered by the risk relating to new store openings, expanding the scope of the store-opening policy. - FY2018RestatedAnnual report
「The Company plans to develop its store network in the Tokyo metropolitan area, centred on Tokyo's 23 wards, as well as Nagoya City in Aichi Prefecture and Fukuoka City in Fukuoka Prefecture, based on a comprehensive assessment of the location of candidate sites, competitor trends, area characteristics, profitability and other factors.」
Fukuoka City was explicitly identified as a candidate area for new store openings, and the policy of making store-opening decisions based on location, competition, area characteristics, profitability and other factors remains in place. - FY2017First statedAnnual report
「If suitable properties meeting the Group's store-opening criteria cannot be found and new store openings do not progress, this may affect the Group's financial results and business development.」
In connection with the store-opening policy for the Tokyo metropolitan area and Nagoya City, the Group disclosed the risk that it may be unable to find properties meeting its requirements for location, competition, area characteristics and profitability.