Failure to Meet Store Opening Plans, Brand Closures and Rationalization of Unprofitable Stores
First written in FY2017. 13 of 27 entries say "Materialised", first in FY2018-Q1. Latest entry: FY2026.
Tsi Holdings moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2018: 11 of 30 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the apparel-related business, the carrying amounts of assets were reduced to their recoverable amounts following the results of impairment testing under U.S. GAAP for HUF Worldwide, LLC based on a review of its earnings plan, as well as for stores for which a decision has been made to close, stores that have continued to report operating losses, stores under brands for which a decision has been made to close, and assets for which a decision has been made to transfer. The resulting reduction of ¥1,878 million was recorded as an impairment loss under extraordinary losses.」
Impairment losses increased from ¥1,363 million in the previous fiscal year to ¥1,878 million. Impairment losses of ¥1,083 million also arose on goodwill, trademark rights and other assets in connection with the review of HUF Worldwide's earnings plan. - 2026-04-10WorsenedEarnings
「Impairment loss 1,363 1,878」
Impairment losses increased from ¥1,363 million in the previous fiscal year to ¥1,878 million, reflecting larger losses related to unprofitable businesses and stores. - FY2025WorsenedAnnual report
「In the apparel-related business, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, stores under brands for which a decision has been made to close, and assets for which a decision has been made to transfer, as well as stores in other businesses that have continued to report operating losses, were reduced to their recoverable amounts. The resulting reduction of ¥1,363 million was recorded as an impairment loss under extraordinary losses.」
In addition to unprofitable stores and brand closures, assets scheduled for transfer were also subject to impairment testing. Impairment losses totaled ¥1,363 million, up from ¥1,332 million in the previous fiscal year. - FY2025-H1MitigatedAnnual report
「Impairment losses 80 34」
Impairment losses for the interim consolidated accounting period totaled ¥34 million, down from ¥80 million in the same period of the previous year. Although the impact of impairment related to unprofitable stores and other assets remained, it declined year on year. - FY2024MitigatedAnnual report
「The resulting reduction of ¥1,332 million was recorded as an impairment loss under extraordinary losses.」
Impairment losses related to stores scheduled to close, stores under brands scheduled to close and other stores totaled ¥1,332 million, down from ¥1,753 million in the previous fiscal year. - FY2024-Q3WorsenedAnnual report
「In the apparel-related business segment, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, and stores under brands for which a decision has been made to close are reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses. The impairment loss recorded during the nine months ended the third quarter of the current consolidated fiscal year was ¥352 million.」
Impairment losses related to stores scheduled to close, stores under brands scheduled to close and other stores totaled ¥352 million, up from ¥266 million in the same period of the previous year. - FY2024-Q1WorsenedAnnual report
「Impairment losses 20 25」
Impairment losses related to store closures, stores with continuing losses and other factors increased from ¥20 million in the same period of the previous year to ¥25 million, and the impact of disposing of unprofitable stores continued. - FY2023MitigatedAnnual report
「The resulting reduction of ¥1,753 million was recorded as an impairment loss under extraordinary losses.」
Impairment losses related to stores scheduled to close, stores with continuing losses, stores under brands scheduled to close and other factors totaled ¥1,753 million, down from ¥4,225 million in the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「The impairment loss recorded during the nine months ended the third quarter of the current consolidated fiscal year was ¥266 million.」
Impair losses related to stores scheduled to close, stores with continuing losses, stores under brands scheduled to close and other stores totaled ¥266 million, exceeding the ¥223 million recorded in the same period of the previous year. - FY2023-Q2WorsenedAnnual report
「In the apparel-related business segment, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, and stores under brands for which a decision has been made to close are reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses. The impairment loss recorded during the six months ended the second quarter of the current consolidated fiscal year was ¥104 million.」
Impairment losses related to store closures, continuing losses and brand closures totaled ¥104 million for the six months ended the second quarter. This was up from the absence of material impairment losses in the same period of the previous year and from ¥20 million in the first quarter of the current fiscal year. - FY2023-Q1MaterialisedAnnual report
「Impairment loss 20」
An impairment loss on fixed assets of ¥20 million was recorded in the first quarter, and impairment related to stores scheduled to close or other stores continued to occur. - FY2022WorsenedAnnual report
「As a result, in the apparel-related business, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, stores under brands for which a decision has been made to close, and goodwill and other assets, as well as stores in other businesses that have continued to report operating losses, were reduced to their recoverable amounts. The resulting reduction of ¥4,225 million was recorded as an impairment loss under extraordinary losses.」
Impairment losses associated with store closures, brand closures, stores with continuing losses and other factors totaled ¥4,225 million, up from ¥3,068 million in the previous fiscal year. - FY2022-Q3MaterialisedAnnual report
「The impairment loss recorded during the nine months ended the third quarter of the current consolidated fiscal year was ¥223 million.」
An impairment loss of ¥223 million was recorded for stores scheduled to close, stores with continuing losses, stores under brands scheduled to close and other stores, and the impact of disposing of unprofitable stores actually occurred. This was down from ¥1,822 million in the same period of the previous year. - FY2022-Q2MitigatedAnnual report
「The impairment loss recorded during the six months ended the second quarter of the current consolidated fiscal year was ¥1,404 million.」
While an impairment loss of ¥1,404 million associated with store closures, stores with continuing losses and other factors was recorded in the same quarter of the previous year, the Company disclosed that there were no material impairment losses on fixed assets during the six months ended the second quarter of the current consolidated fiscal year. - FY2021-Q3MaterialisedAnnual report
「The impairment loss recorded during the nine months ended the third quarter of the current consolidated fiscal year was ¥1,822 million.」
An impairment loss of ¥1,822 million was recorded for stores scheduled to close, stores with continuing losses, stores under brands scheduled to close and other stores, and the impact of disposing of unprofitable stores occurred as an actual result. - FY2021-Q2MaterialisedAnnual report
「The impairment loss recorded during the six months ended the second quarter of the current consolidated fiscal year was ¥1,404 million.」
An impairment loss of ¥1,404 million was recorded for stores scheduled to close, stores with continuing losses, stores under brands scheduled to close and other stores. The impact of disposing of unprofitable stores continued to occur as an actual result. - FY2021-Q1MaterialisedAnnual report
「In the apparel-related business segment, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, and stores under brands for which a decision has been made to close are reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses. The impairment loss recorded during the first quarter of the current consolidated fiscal year was ¥889 million.」
An impairment loss of ¥889 million was recorded for stores scheduled to close, stores with continuing losses, stores under brands scheduled to close and other stores. - FY2020WorsenedAnnual report
「In the apparel-related business, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, stores under brands for which a decision has been made to close, and goodwill and other assets, as well as stores in other businesses that have continued to report operating losses, were reduced to their recoverable amounts. The resulting reduction of ¥3,596 million was recorded as an impairment loss under extraordinary losses.」
Impairment losses associated with store closures, brand closures, stores with continuing losses and other factors totaled ¥3,596 million, up from ¥2,282 million in the previous fiscal year. The amount also included impairment losses on goodwill and trademark rights. - FY2019MaterialisedAnnual report
「The Company and certain consolidated subsidiaries group assets by business or store, while impairment recognition is assessed individually for rental real estate, idle assets and other assets. As a result, in the apparel-related business, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, stores under brands for which a decision has been made to close, and goodwill and other assets, as well as stores and goodwill and other assets in other businesses that have continued to report operating losses, were reduced to their recoverable amounts. The resulting reduction of ¥2,282 million was recorded as an impairment loss under extraordinary losses.」
Impairment losses of ¥2,282 million were recorded during the fiscal year for stores scheduled to close, stores with continuing losses, goodwill and other assets, and other items, and the impact of disposing of unprofitable stores actually occurred. - FY2019-Q3MaterialisedAnnual report
「In the apparel-related business segment, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, and stores under brands for which a decision has been made to close are reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses. The impairment loss recorded during the nine months ended the third quarter of the current consolidated fiscal year was ¥417 million.」
An impairment loss of ¥417 million was recorded during the nine months ended the third quarter for stores scheduled to close, stores with continuing losses, stores under brands scheduled to close and other stores. - FY2019-Q2MaterialisedAnnual report
「In the apparel-related business segment, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, and stores under brands for which a decision has been made to close are reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses. The impairment loss recorded during the six months ended the second quarter of the current consolidated fiscal year was ¥357 million.」
An impairment loss of ¥357 million was recorded for stores scheduled to close, stores with continuing losses, stores under brands scheduled to close and other stores, and the impact of disposing of unprofitable stores continued to occur. - FY2019-Q1MaterialisedAnnual report
「In the apparel-related business segment, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, and stores under brands for which a decision has been made to close are reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses. The impairment loss recorded during the first quarter of the current consolidated fiscal year was ¥271 million.」
An impairment loss of ¥271 million was recorded in the first quarter for stores scheduled to close, stores with continuing losses, stores under brands scheduled to close and other stores, and the impact of disposing of unprofitable stores actually occurred. - FY2018MaterialisedAnnual report
「In the apparel-related business, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, stores under brands for which a decision has been made to close, and goodwill and other assets, as well as stores and goodwill and other assets in other businesses that have continued to report operating losses, were reduced to their recoverable amounts. The resulting reduction of ¥3,253 million was recorded as an impairment loss under extraordinary losses.」
Impairment losses associated with store closures, brand closures, stores with continuing losses and other factors totaled ¥3,253 million for the fiscal year, and the impact of disposing of unprofitable stores actually occurred. - FY2018-Q3MaterialisedAnnual report
「In the apparel-related business segment, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, and stores under brands for which a decision has been made to close are reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses. The impairment loss recorded during the nine months ended the third quarter of the current consolidated fiscal year was ¥873 million.」
An impairment loss of ¥873 million was recorded for stores scheduled to close, stores with continuing losses and other stores, and the impact of disposing of unprofitable stores continued to occur. - FY2018-Q2MaterialisedAnnual report
「In the apparel-related business segment, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, and stores under brands for which a decision has been made to close are reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses. The impairment loss recorded during the six months ended the second quarter of the current consolidated fiscal year was ¥820 million.」
An impairment loss of ¥820 million was recorded for stores scheduled to close, stores with continuing losses and other stores, and the impact of disposing of unprofitable stores actually occurred. - FY2018-Q1MaterialisedAnnual report
「In the apparel-related business segment, the carrying amounts of stores for which a decision has been made to close, stores that have continued to report operating losses, and stores under brands for which a decision has been made to close are reduced to their recoverable amounts, with the reductions recorded as impairment losses under extraordinary losses. The impairment loss recorded during the first quarter of the current consolidated fiscal year was ¥146 million.」
An impairment loss of ¥146 million was recorded for stores scheduled to close or associated with brands scheduled to close, as well as other stores, and the impact of disposing of unprofitable stores actually occurred. - FY2017First statedAnnual report
「The Group opens stores based on analyses of the market environment and location conditions around prospective sites, as well as projected store profitability. However, if stores cannot be opened as planned, or if numerous stores are closed due to brand closures, the disposal of unprofitable stores or other factors, the Group's operating results may be affected.」
It identified failure to meet store-opening plans, brand closures and numerous store closures resulting from the disposal of unprofitable stores as risks related to its store strategy.