New Store Underperformance Due to Competing Store Openings
First written in FY2019. 1 of 6 entries say "Reframed", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2018: 11 of 30 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026Continued decrease in the balance of property, plant and equipmentAnnual report
「As of the end of February 2026, the balance of property, plant and equipment on the balance sheet was ¥176,950 thousand.」
Updated the balance of property, plant and equipment related to the risks of losses on disposal and impairment losses when performance falls below expectations due to competing store openings and other factors, from the previous ¥218,293 thousand to ¥176,950 thousand. - FY2025Decrease in the balance of property, plant and equipmentAnnual report
「As of the end of February 2025, the balance of property, plant and equipment on the balance sheet was ¥218,293 thousand.」
Updated the balance of property, plant and equipment related to the risks of losses on disposal and impairment losses when performance falls below expectations due to competing store openings and other factors, from the previous ¥269,608 thousand to ¥218,293 thousand. - FY2024Updated the balance of property, plant and equipmentAnnual report
「As of the end of February 2024, the balance of property, plant and equipment on the balance sheet was ¥269,608 thousand.」
Updated the balance of property, plant and equipment related to the risks of losses on disposal and impairment losses when performance falls below expectations due to competing store openings and other factors, to ¥269,608 thousand. - FY2022Updated the balance of property, plant and equipmentAnnual report
「As of the end of February 2022, the balance of property, plant and equipment on the consolidated balance sheet was ¥160,978 thousand.」
Updated the balance of property, plant and equipment related to the risks of losses on disposal and impairment losses when performance falls below expectations due to competing store openings and other factors, to ¥160,978 thousand. - FY2021ReframedAnnual report
「The Group opens limited-time shops in areas where it is considering opening stores and makes its decisions based on a comprehensive assessment of customer trends, tastes and preferences. However, if sales fall below expectations due to store openings by competitors or other factors, it may change the store format, close or relocate stores, and recognize losses on disposal of property, plant and equipment or impairment losses due to declining profitability, potentially affecting the Group's financial condition and operating results. As of the end of February 2021, the balance of property, plant and equipment on the consolidated balance sheet was ¥160,524 thousand.」
Specifically describes the potential effects of underperformance caused by competing store openings, including changes in store format, store closures or relocations, losses on disposal of property, plant and equipment and impairment losses. - FY2019First statedAnnual report
「The Group opens limited-time shops in areas where it is considering opening stores and makes its decisions based on a comprehensive assessment of customer trends, tastes and preferences. However, if sales fall below expectations due to store openings by competitors or other factors, the Group's financial condition and operating results may be affected.」
Notes that the Group assesses customer trends through limited-time shops before opening stores, but sales may fall below expectations due to competing store openings.