Costs and Losses Associated with New Store Openings and Store Closures
First written in FY2016. 25 of 32 entries say "Materialised", first in FY2017. Latest entry: 2026-10-14.
create restaurants holdings moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
The whole theme swung hardest in 2018: 5 of 11 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- 2026-10-14MaterialisedEarnings
「Impairment loss 848 417」
An impairment loss of ¥417 million was recorded during the interim period, reflecting actual costs and losses related to stores and other assets. - FY2027-H1MitigatedAnnual report
「For stores and other locations where profit or loss arising from operating activities had declined significantly, the Company recognized impairment losses of ¥841 million in the previous interim consolidated accounting period and ¥417 million in the current interim consolidated accounting period, and recorded them under “Other operating expenses” in the condensed interim consolidated statement of profit or loss.」
Impairment losses on stores and other locations declined from ¥841 million in the same period of the previous year to ¥417 million. Impairment losses continue to arise, but their financial impact in the current interim period was smaller than in the same period of the previous year. - FY2026MaterialisedAnnual report
「Impairment losses are included in “Other operating expenses” in the consolidated statement of profit or loss.」
The Group also recorded ¥1,685 million in impairment losses on stores and other locations during the year, and expenses and losses associated with store openings, closures and store profitability were actually incurred. - FY2025MaterialisedAnnual report
「The Group conducts impairment testing for stores showing indications of impairment, such as continuously negative operating cash flow or a significant decline in the market value of assets below their carrying amount. If the recoverable amount falls below the carrying amount, the carrying amount of the asset group for the store is reduced to its recoverable amount.」
In addition to closing 51 stores, the Group recorded ¥1,498 million in impairment losses on property, plant and equipment and other assets, and total impairment losses of ¥1,763 million including other items during the year. This was down from ¥3,097 million in the previous fiscal year. - FY2025-H1MaterialisedAnnual report
「As a result, the Group opened 16 new stores, changed the format of 8 stores, and closed 20 stores, mainly due to contract expirations. As of the end of the interim period, the number of consolidated stores, including contract-operated stores and other locations, was 1,105. In addition, for stores and other locations where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥1,204 million in the previous interim consolidated accounting period and ¥866 million in the current interim consolidated accounting period, which was recorded under “Other operating expenses” in the condensed interim consolidated statement of profit or loss.」
The Group closed 20 stores and recognized ¥866 million in impairment losses on stores and other locations, with expenses and losses associated with store openings and closures incurred during the interim period as well. - FY2024MaterialisedAnnual report
「As a result, the Group opened 34 new stores, converted 21 stores to different formats, and exited 70 stores, primarily locations whose contracts had expired and unprofitable stores, bringing the consolidated store count, including contract-operated stores and others, to 1,109 at the end of the fiscal year.」
The Group closed 70 stores during the year and recorded ¥3,097 million in impairment losses, with expenses and losses associated with store openings and closures actually incurred. - FY2024-Q2WorsenedAnnual report
「In addition, for stores and other locations where profit or loss from operating activities had declined significantly, the Group recognized ¥872 million in impairment losses in the cumulative second quarter of the previous fiscal year and ¥1,204 million in the cumulative second quarter of the current fiscal year, which was recorded under “Other operating expenses” in the condensed quarterly consolidated statement of profit or loss.」
Impairment losses on stores and other locations increased from ¥872 million in the same period of the previous fiscal year to ¥1,204 million, increasing the financial impact of losses associated with store operations, openings and closures. - FY2024-Q1WorsenedAnnual report
「In addition, for stores where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥369 million in the cumulative first quarter of the previous fiscal year and ¥482 million in the cumulative first quarter of the current fiscal year.」
The Group recognized ¥482 million in impairment losses associated with store operations and closures, up from ¥369 million in the same period of the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「In addition, for stores where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥583 million in the cumulative third quarter of the previous fiscal year and ¥1,652 million in the cumulative third quarter of the current fiscal year.」
Impairment losses during the cumulative third quarter totaled ¥1,652 million, up from ¥583 million in the same period of the previous fiscal year. The financial impact of losses associated with store operations has increased. - FY2023-Q2MaterialisedAnnual report
「In addition, for stores where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥286 million in the cumulative second quarter of the previous fiscal year and ¥872 million in the cumulative second quarter of the current fiscal year.」
The Group recognized ¥872 million in impairment losses during the cumulative second quarter, and losses associated with store operations were actually incurred. - FY2023-Q1MaterialisedAnnual report
「In addition, for stores where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥227 million in the cumulative first quarter of the previous fiscal year and ¥369 million in the cumulative first quarter of the current fiscal year.」
The Group also recognized ¥369 million in impairment losses during the first quarter, and losses associated with store operations were actually incurred. This was up from ¥227 million in the same period of the previous fiscal year. - FY2022MaterialisedAnnual report
「The Group opened 13 new stores, while changing the format of 12 stores and closing 53 stores. As of the end of the fiscal year, the number of consolidated stores, including contract-operated stores and other locations, was 1,037.」
The Group closed 53 stores and recorded ¥3,302 million in impairment losses during the fiscal year. Expenses and losses associated with store openings and closures have continued to be incurred in practice. - FY2022-Q3MaterialisedAnnual report
「In addition, for stores where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥1,707 million in the cumulative third quarter of the previous fiscal year and ¥583 million in the cumulative third quarter of the current fiscal year.」
The Group also recognized ¥583 million in impairment losses during the cumulative third quarter, and losses associated with store operations and closures have continued to be incurred in practice. This was down from ¥1,707 million in the same period of the previous fiscal year. - FY2022-Q2MaterialisedAnnual report
「In addition, for stores where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥968 million in the cumulative second quarter of the previous fiscal year and ¥286 million in the cumulative second quarter of the current fiscal year.」
The Group also recognized ¥286 million in impairment losses during the cumulative second quarter, and losses associated with store operations have actually been incurred. This was down from ¥968 million in the same period of the previous fiscal year. - FY2022-Q1MaterialisedAnnual report
「In addition, for stores where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥294 million in the cumulative first quarter of the previous fiscal year and ¥227 million in the cumulative first quarter of the current fiscal year.」
The Group also recognized ¥227 million in impairment losses during the first quarter and disclosed that losses associated with store operations and closures had been incurred. - FY2021-Q3MaterialisedAnnual report
「In addition, for stores where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥1,684 million in the cumulative third quarter of the previous fiscal year and ¥1,707 million in the cumulative third quarter of the current fiscal year.」
For stores where operating profit or loss had declined significantly, the Group also recognized ¥1,707 million in impairment losses during the cumulative third quarter, and losses associated with store operations have actually been incurred. - FY2021-Q2MaterialisedAnnual report
「In addition, for stores where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥1,053 million in the cumulative second quarter of the previous fiscal year and ¥968 million in the cumulative second quarter of the current fiscal year.」
For stores where operating profit or loss had declined significantly, the Group also recognized ¥968 million in impairment losses during the cumulative second quarter, and losses associated with store operations have actually been incurred. - FY2021-Q1RestatedAnnual report
「In addition, for stores where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥341 million in the cumulative first quarter of the previous fiscal year and ¥294 million in the cumulative first quarter of the current fiscal year.」
For stores where operating profit or loss had declined significantly, the Group also recognized ¥294 million in impairment losses in the first quarter, continuing to disclose losses arising from store operations. - FY2020WorsenedAnnual report
「Impairment losses increased from ¥2,658 million to ¥5,311 million.」
Impairment losses associated with store openings, closures and other changes increased from ¥2,658 million in the previous fiscal year to ¥5,311 million, increasing the financial impact of the risk. - FY2020-Q3MaterialisedAnnual report
「In addition, for stores where profit or loss from operating activities had declined significantly, the Group recognized impairment losses of ¥1,229 million in the cumulative third quarter of the previous fiscal year and ¥1,684 million in the cumulative third quarter of the current fiscal year.」
The Group recognized ¥1,684 million in impairment losses during the cumulative third quarter, up from ¥1,229 million in the same period of the previous fiscal year. Losses associated with store operations, openings and closures have been incurred in practice. - FY2020-Q2MaterialisedAnnual report
「Across the Group, 19 new stores were opened and 17 stores were closed. For stores whose profit or loss from operating activities had declined significantly, impairment losses of ¥837 million were recognized during the cumulative second-quarter period of the previous fiscal year and ¥1,053 million during the cumulative second-quarter period of the current fiscal year.」
In addition to closing 17 stores, the Group recognized ¥1,053 million in impairment losses during the cumulative second quarter, and losses associated with store openings and closures have been incurred in practice. - FY2020-Q1MaterialisedAnnual report
「Across the Group, 8 new stores were opened and 5 stores were closed. For stores whose profit or loss from operating activities had declined significantly, impairment losses of ¥461 million were recognized during the cumulative first-quarter period of the previous fiscal year and ¥341 million during the cumulative first-quarter period of the current fiscal year.」
The Group withdrew from 5 stores and recognized impairment losses of ¥341 million in the first quarter. Losses associated with store openings and closures actually arose in its results. - FY2019MaterialisedAnnual report
「This included the recognition of impairment losses of ¥2,658 million, bringing the amount to ¥3,975 million, down 34.9% year on year.」
The Group withdrew from 29 stores during the year and recorded impairment losses of ¥2,658 million. Costs and losses associated with store openings and closures continued to materialize in its results. - FY2019-Q3MaterialisedAnnual report
「Across the Group, 55 new stores were opened and 18 stores were closed. Impairment losses ¥276 million Expense for provision for store closure losses ¥52 million」
In addition to withdrawing from 18 stores, the Group recorded impairment losses of ¥276 million and an expense for provision for store closure losses of ¥52 million, meaning that costs and losses associated with store openings and closures continued to arise in practice. - FY2019-Q2MaterialisedAnnual report
「Across the Group, 36 new stores were opened and 10 stores were closed. Impairment losses ¥253 million Expense for provision for store closure losses ¥41 million」
In addition to withdrawing from 10 stores, the Group recorded impairment losses of ¥253 million and an expense for provision for store closure losses of ¥41 million, meaning that costs and losses associated with store openings and closures actually arose. - FY2019-Q1MaterialisedAnnual report
「Across the Group, 23 new stores were opened and 4 stores were closed, resulting in 899 consolidated stores, including stores operated under contract, as of the end of the first quarter.」
In addition to withdrawing from 4 stores, the Group recorded impairment losses of ¥62 million and an expense for provision for store closure losses of ¥6 million, meaning that costs and losses associated with store openings and closures actually arose. - FY2018MaterialisedAnnual report
「Against this backdrop, the Group systematically opened its respective specialty formats in commercial facilities, shopping and station-front areas, and suburban roadside locations, while also developing and opening new core-concept brands and strategically converting formats and renovating existing stores. At the same time, it exited food courts operated under comprehensive contracts upon expiration of their fixed-term lease agreements and proactively closed unprofitable stores ahead of schedule. As a result, the Group opened 68 new stores and exited 63 stores, bringing the consolidated store count, including contract-operated stores and others, to 863 at the end of the fiscal year.」
In addition to withdrawing from 63 stores, the Group recorded impairment losses of ¥1,391 million for 43 stores, meaning that costs and losses associated with store openings and closures actually arose. - FY2018-Q3MaterialisedAnnual report
「Across the Group, 63 new stores were opened and 51 stores were closed, resulting in 868 consolidated stores, including stores operated under contract, as of the end of the third quarter.」
During the cumulative third-quarter period, the Group withdrew from 51 stores and recorded extraordinary losses including impairment losses of ¥537 million, indicating that costs and losses associated with store closures and openings and closures continued to arise in practice. - FY2018-Q2MaterialisedAnnual report
「In this environment, the group systematically opened stores for each specialized business format in commercial facilities, downtown and station-front locations, and suburban roadside locations. It also strategically developed and opened new core-concept brands, changed business formats, renovated existing stores and withdrew from locations. As a result, the group opened 40 new stores and closed 34, bringing the number of consolidated stores, including contract-operated stores and other locations, to 862 at the end of the second quarter.」
During the cumulative second-quarter period, the Group withdrew from 34 stores and recorded impairment losses of ¥538 million and an expense for provision for store closure losses of ¥65 million, meaning that costs and losses associated with store closures and openings and closures actually arose. - FY2018-Q1MaterialisedAnnual report
「In this environment, the group systematically opened stores for each specialized business format in commercial facilities, downtown and station-front locations, and suburban roadside locations. At the same time, it strategically developed and opened new core-concept brands, changed business formats, renovated existing stores and withdrew from locations. As a result, the group opened 27 new stores and closed 15, bringing the number of consolidated stores, including contract-operated stores and other locations, to 868 at the end of the first quarter.」
In the first quarter, the Group withdrew from 15 stores and recorded impairment losses of ¥213 million and an expense for provision for store closure losses of ¥9 million as extraordinary losses, indicating that costs and losses associated with store closures and openings and closures continued to arise in practice. - FY2017MaterialisedAnnual report
「The group opened 117 new stores and closed 42, bringing the number of consolidated stores, including contract-operated stores and other locations, to 856 at the end of the fiscal year.」
In addition to withdrawing from 42 stores, the Group recorded impairment losses of ¥674.882 million for 37 stores, meaning that costs and losses associated with store openings and closures actually arose. - FY2016First statedAnnual report
「A large number of new store openings, or new store openings close to the end of a fiscal period, reduce profits. We also close stores whose performance is not expected to improve in order to enhance profitability, but store closures result in losses on the disposal of property, plant and equipment and penalties for terminating lease and rental agreements. Consequently, closing a large number of stores could temporarily affect our Group's performance.」
It identifies the investment burden from opening stores and disposal losses and termination penalties upon closure as risks associated with expanding the store network.