Further Growth Through Aggressive Store Expansion

「Regarding our store-opening policy, we opened new stores one after another without hesitation about the temporary decline in profitability caused by cannibalization among our own stores. At the same time, we worked to expand our store network into new market areas. As a result, we opened a total of 105 new stores: 24 in the Kanto region, 23 in the Chubu region, 17 in the Kansai region, 7 in the Chugoku region, 9 in the Shikoku region and 25 in the Kyushu region. We also closed 6 stores through scrap-and-build initiatives and the expiration of contracts, bringing the total number of stores at the end of the consolidated fiscal year to 1,708.」

「With regard to our store-opening policy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we newly opened 7 stores in the Kanto region, 10 in the Chubu region, 5 in the Kansai region, 1 in the Chugoku region, 4 in the Shikoku region and 6 in the Kyushu region, for a total of 33 stores. We also closed 2 stores due to scrap-and-build and the expiration of contract terms, bringing the number of stores to 1,640 at the end of the interim consolidated accounting period.」

「With regard to our store-opening policy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we newly opened 31 stores in the Kanto region, 27 in the Chubu region, 15 in the Kansai region, 11 in the Chugoku region, 10 in the Shikoku region and 26 in the Kyushu region, for a total of 120 stores. We also closed 1 store through scrap-and-build, bringing the number of stores to 1,609 at the end of the consolidated fiscal year.」

「With regard to our store-opening policy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we newly opened 13 stores in the Kanto region, 14 in the Chubu region, 7 in the Kansai region, 4 in the Chugoku region, 4 in the Shikoku region and 15 in the Kyushu region, for a total of 57 stores. We also closed 1 store through scrap-and-build, bringing the number of stores to 1,546 at the end of the interim consolidated accounting period.」

「As a result, we opened a total of 139 new stores: 50 in the Kanto region, 27 in the Chubu region, 15 in the Kansai region, 10 in the Chugoku region, 8 in the Shikoku region and 29 in the Kyushu region. We also closed 7 stores through a scrap-and-build program, bringing the total number of stores at the end of the consolidated fiscal year to 1,490.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we newly opened 36 stores in the Kanto region, 21 in the Chubu region, 10 in the Kansai region, 8 in the Chugoku region, 5 in the Shikoku region and 27 in the Kyushu region, for a total of 107 stores. We also closed 6 stores through scrap-and-build, bringing the number of stores to 1,459 at the end of the third quarter consolidated accounting period.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we newly opened 24 stores in the Kanto region, 14 in the Chubu region, 6 in the Kansai region, 7 in the Chugoku region, 3 in the Shikoku region and 18 in the Kyushu region, for a total of 72 stores. We also closed 4 stores through scrap-and-build, bringing the number of stores to 1,426 at the end of the second quarter consolidated accounting period.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we newly opened 11 stores in the Kanto region, 5 in the Chubu region, 3 in the Kansai region, 3 in the Chugoku region and 8 in the Kyushu region, for a total of 30 stores. We also closed 1 store through scrap-and-build, bringing the number of stores to 1,387 at the end of the first quarter consolidated accounting period.」

「As a result, we opened a total of 118 new stores: 37 in the Kanto region, 26 in the Chubu region, 12 in the Kansai region, 12 in the Chugoku region, 8 in the Shikoku region and 23 in the Kyushu region. We also closed 4 stores through a scrap-and-build program, bringing the total number of stores at the end of the consolidated fiscal year to 1,358.」

「With regard to our store-opening policy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we newly opened 21 stores in the Kanto region, 15 in the Chubu region, 7 in the Kansai region, 6 in the Chugoku region, 3 in the Shikoku region and 19 in the Kyushu region, for a total of 71 stores. We also closed 3 stores through scrap-and-build and other measures, bringing the number of stores to 1,312 at the end of the third quarter consolidated accounting period.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we newly opened 16 stores in the Kanto region, 10 in the Chubu region, 2 in the Kansai region, 4 in the Chugoku region, 2 in the Shikoku region and 17 in the Kyushu region, for a total of 51 stores. We also closed 3 stores through scrap-and-build and other measures, bringing the number of stores to 1,292 at the end of the second quarter cumulative consolidated period.」

「Regarding our store-opening strategy, we opened new stores one after another without hesitation about the temporary decline in profitability caused by cannibalization among our own stores. At the same time, we worked to expand our store network into new market areas. As a result, we opened a total of 21 new stores: 4 in the Kanto region, 4 in the Chubu region, 2 in the Kansai region, 4 in the Chugoku region and 7 in the Kyushu region. We also closed 1 store through a scrap-and-build program, bringing the number of stores at the end of the first quarter of the consolidated cumulative period to 1,264.」

「As a result, we opened a total of 120 new stores: 38 in the Kanto region, 25 in the Chubu region, 15 in the Kansai region, 8 in the Chugoku region, 8 in the Shikoku region and 26 in the Kyushu region. We also closed 6 stores, bringing the total number of stores at the end of the consolidated fiscal year to 1,244.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we newly opened 19 stores in the Kanto region, 11 in the Chubu region, 9 in the Kansai region, 5 in the Chugoku region, 5 in the Shikoku region and 17 in the Kyushu region, for a total of 66 stores. We also closed 5 stores, bringing the number of stores to 1,191 at the end of the third quarter cumulative consolidated period.」

「As a result, we newly opened 13 stores in the Kanto region, 4 in the Chubu region, 6 in the Kansai region, 3 in the Chugoku region, 4 in the Shikoku region and 14 in the Kyushu region, for a total of 44 stores. We also closed 2 stores, comprising 1 store damaged by the heavy rain front from 11 August 2021 to 19 August 2021 and 1 store through scrap-and-build. As a result, the number of stores was 1,172 at the end of the second quarter cumulative consolidated period.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we newly opened 4 stores in the Kanto region, 1 in the Chubu region, 2 in the Kansai region and 6 in the Kyushu region, for a total of 13 stores.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we newly opened 18 stores in the Kanto region, 25 in the Chubu region, 13 in the Kansai region, 8 in the Chugoku region, 4 in the Shikoku region and 10 in the Kyushu region, for a total of 78 stores. We also closed 2 stores with a high proportion of inbound demand and 4 stores through scrap-and-build, for a total of 6 closures. As a result, the number of stores was 1,130 at the end of the consolidated fiscal year.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 9 in the Kanto region, 15 in the Chubu region, 7 in the Kansai region, 5 in the Chugoku region, 2 in the Shikoku region and 4 in the Kyushu region, for a total of 42 stores. We also closed 2 stores with a high proportion of inbound demand and 1 store through scrap-and-build, for a total of 3 closures, bringing the number of stores to 1,097 at the end of the third quarter cumulative consolidated period.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 8 in the Kanto region, 13 in the Chubu region, 7 in the Kansai region, 3 in the Chugoku region, 2 in the Shikoku region and 3 in the Kyushu region, for a total of 36 stores. We also closed 2 stores with a high proportion of inbound demand, bringing the number of stores to 1,092 at the end of the second quarter cumulative consolidated period.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 3 in the Kanto region, 6 in the Chubu region, 3 in the Kansai region, 1 in the Chugoku region, 1 in the Shikoku region and 1 in the Kyushu region, for a total of 15 stores, bringing the number of stores to 1,073 at the end of the first quarter cumulative consolidated period.」

「With regard to our store-opening strategy, we continued opening stores in the Kyushu region, where the company was founded, without hesitation about temporary declines in profitability, while also expanding our store network into new trading areas. As a result, the number of new stores opened was 6 in the Kanto region, 14 in the Chubu region, 29 in the Kansai region, 8 in the Chugoku region, 3 in the Shikoku region and 20 in the Kyushu region, for a total of 80 stores. Because inbound demand declined sharply as a result of travel restrictions to prevent the spread of COVID-19, we closed 8 stores with a high proportion of sales from that demand. In addition, we closed 7 stores through scrap-and-build, for a total of 15 closures. As a result, the number of stores was 1,058 at the end of the consolidated fiscal year.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 2 in the Kanto region, 8 in the Chubu region, 21 in the Kansai region, 5 in the Chugoku region, 2 in the Shikoku region and 14 in the Kyushu region, for a total of 52 stores. We also closed 4 stores through scrap-and-build and other measures, bringing the number of stores to 1,041 at the end of the third quarter cumulative consolidated period.」

「With regard to our store-opening strategy, we continued opening stores in the Kyushu region, where the company was founded, without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 1 in the Kanto region, 6 in the Chubu region, 18 in the Kansai region, 2 in the Chugoku region, 2 in the Shikoku region and 12 in the Kyushu region, for a total of 41 stores. We also closed 2 stores through scrap-and-build, bringing the number of stores to 1,032 at the end of the second quarter cumulative consolidated period.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 9 in the Chubu region, 9 in the Kansai region, 2 in the Chugoku region and 2 in the Kyushu region, for a total of 16 stores. We also closed 1 store through scrap-and-build, bringing the number of stores to 1,008 at the end of the first quarter cumulative consolidated period.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 3 in the Kanto region, 15 in the Chubu region, 24 in the Kansai region, 19 in the Chugoku region, 6 in the Shikoku region and 26 in the Kyushu region, for a total of 93 stores. We also closed 12 stores through scrap-and-build and other measures, bringing the number of stores to 993 at the end of the consolidated fiscal year.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 8 in the Chubu region, 15 in the Kansai region, 10 in the Chugoku region, 5 in the Shikoku region and 21 in the Kyushu region, for a total of 59 stores. We also closed 7 stores through scrap-and-build and other measures, bringing the number of stores to 964 at the end of the third quarter cumulative consolidated period.」

「We opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 7 in the Chubu region, 13 in the Kansai region, 6 in the Chugoku region, 5 in the Shikoku region and 15 in the Kyushu region, for a total of 46 stores.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 4 in the Chubu region, 1 in the Kansai region, 2 in the Chugoku region, 1 in the Shikoku region and 8 in the Kyushu region, for a total of 16 stores. We also closed 3 stores through scrap-and-build, bringing the number of stores to 925 at the end of the first quarter cumulative consolidated period.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 11 in the Chubu region, 23 in the Kansai region, 19 in the Chugoku region, 9 in the Shikoku region and 33 in the Kyushu region, for a total of 95 stores.」

「With regard to our store-opening strategy, we opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 7 in the Chubu region, 11 in the Kansai region, 13 in the Chugoku region, 5 in the Shikoku region and 22 in the Kyushu region, for a total of 58 stores.」

「As a result, we newly opened 3 stores in the Chubu region, 9 in the Kansai region, 8 in the Chugoku region, 4 in the Shikoku region and 17 in the Kyushu region, for a total of 41 stores.」

「We opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 2 in the Kansai region, 2 in the Chugoku region and 6 in the Kyushu region, for a total of 10 stores.」

「We opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 4 in the Chubu region, 22 in the Kansai region, 22 in the Chugoku region, 13 in the Shikoku region and 35 in the Kyushu region, for a total of 96 stores.」

「We opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, the number of new stores opened was 2 in the Chubu region, 9 in the Kansai region, 16 in the Chugoku region, 6 in the Shikoku region and 25 in the Kyushu region, for a total of 58 stores.」

「We opened new stores one after another without hesitation about temporary declines in profitability caused by competition among our own stores. At the same time, we worked to expand our store network into new trading areas. As a result, we opened 1 new store in the Chubu region, 4 in the Kansai region, 11 in the Chugoku region, 5 in the Shikoku region and 20 in the Kyushu region, for a total of 41 stores.」

「Our group aims to achieve further growth through aggressive store expansion.」