Aggressive closure of unprofitable restaurants
First written in FY2018-Q1. 7 of 9 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2022.
The whole theme swung hardest in 2018: 4 of 36 companies on the "Worse" side.
27 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「The total number of stores at fiscal year-end was 110, including 4 new stores and 10 closures. We closed unprofitable stores whose performance had become extremely difficult to recover due to the impact of COVID-19.」
The company actually closed 10 unprofitable restaurants that it judged unlikely to recover their performance. - FY2022-Q2AdvancedAnnual report
「The effects of progressing with the closure of 10 unprofitable stores where recovery was not expected due to the significant impact of the COVID-19 pandemic are becoming evident. We will continue working to reduce fixed costs in order to lower the break-even point, or break-even sales.」
The company stated that it had proceeded with the actual closure of 10 unprofitable restaurants for which a recovery was not expected and that the effects were becoming evident. - FY2021AdvancedAnnual report
「Although this is deeply regrettable, we are also closing unprofitable restaurants as a cost-cutting measure.」
Regarding the policy of early withdrawal from unprofitable restaurants, the company actually carried out closures during the fiscal year as a cost-cutting measure. - FY2020AdvancedAnnual report
「We have also established clear criteria for withdrawing from restaurants and will withdraw early from unprofitable restaurants where a return to profitability is unlikely.」
The policy on closing unprofitable restaurants has been put into practice as early withdrawal based on clearly defined exit criteria. - FY2019AdvancedAnnual report
「Net income was affected by the recording of ¥95 million in extraordinary losses, including impairment losses on restaurants scheduled to close in the 21st fiscal year in accordance with the Accounting Standard for Impairment of Fixed Assets, and therefore did not reach the level of earnings projected by the company.」
The company recorded impairment losses on restaurants scheduled to close in the 21st fiscal year, meaning that its closure plans were reflected in accounting losses. - FY2019-Q3Closure decisionAnnual report
「We also recorded the closure of Ducky Duck and Pastakan, located in Yokosuka Shoppers Plaza, whose closure was decided following the shopping center's withdrawal at the end of March, as well as impairment losses on unprofitable stores.」
Following the shopping center's withdrawal, it was decided that ダッキーダック and ぱすたかん at Yokosuka Shoppers Plaza would close at the end of March. The company also recorded impairment losses for unprofitable restaurants. - FY2018AdvancedAnnual report
「We made active investments in 11 new restaurants based on our strategy of prime station-front locations in the Tokyo metropolitan area, light food and a female target market, as well as in major renovations and reopenings. We also closed unprofitable restaurants and worked to improve profitability.」
During the fiscal year, the company closed unprofitable restaurants and sought to improve profitability together with new openings. - FY2018-Q3AdvancedAnnual report
「Regarding profitability, we closed unprofitable restaurants and opened 2 new restaurants,」
The company stated that it had carried out closures under its policy for unprofitable restaurants while also opening 2 new restaurants. - FY2018-Q1First statedAnnual report
「As we now expect to open a double-digit number of new restaurants this fiscal year, we will also actively close unprofitable restaurants,」
For the first time, the company specifically disclosed a policy of actively closing unprofitable restaurants alongside its outlook for double-digit new openings this fiscal year.