Exit from Unprofitable Brands, Store Closures and SG&A Reduction
First written in FY2017-Q1. 15 of 35 entries say "Restated". Latest entry: 2026-10-15.
The whole theme swung hardest in 2018: 1 of 10 companies on the "Worse" side.
7 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「SG&A expenses continued to be tightly controlled from the previous fiscal year, improving by 0.5 percentage points year on year despite challenging sales at the existing businesses.」
SG&A controls continued, improving the ratio of SG&A expenses to sales by 0.5 percentage points year on year despite challenging sales at the existing businesses. - 2026-04-13AdvancedFinancial results presentation
「The effects of the structural-reform measures implemented through the previous fiscal year have been realized, and efficiency improved in targeted expense categories such as logistics expenses and advertising and sales-promotion expenses despite challenging sales.」
The effects of reforms to selling, general and administrative expenses, including logistics, advertising and sales promotion, and workforce streamlining, were realized. - FY2025AdvancedAnnual report
「We streamlined head-office personnel as planned by consolidating functions within the group, optimizing personnel allocation and reviewing staffing levels in light of outsourcing and operational efficiencies.」
Head-office personnel streamlining was implemented as planned, moving the review of staffing levels under the earnings-structure reform into the implementation phase. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 25 September 2024, the company resolved to reduce head-office personnel by approximately 20% by the end of February 2025 by improving the efficiency of the head-office organization, with the aim of reducing costs associated with reforming the earnings structure.」
The earnings-structure reform and SG&A reduction measures progressed to a specific resolution to improve head-office organizational efficiency and reduce head-office personnel by approximately 20%. - FY2025-Q1RestatedAnnual report
「The group continues to make every effort to secure in-store sales at its companies and strengthen e-commerce sales, while strictly screening purchases and limiting them to appropriate levels to control excess inventory and costs.」
Efforts to strengthen in-store and e-commerce sales and control purchases, excess inventory and costs continued to be implemented. - FY2024-Q3RestatedAnnual report
「The group continues to make every effort to secure in-store sales at its companies and strengthen e-commerce sales, while strictly screening purchases and limiting them to appropriate levels to control excess inventory and costs.」
Efforts to strengthen in-store and e-commerce sales and control purchases, excess inventory and costs continued to be implemented. - FY2024-Q2RestatedAnnual report
「The group continues to make every effort to secure in-store sales at its companies and strengthen e-commerce sales, while strictly screening purchases and limiting them to appropriate levels to control excess inventory and costs.」
Efforts to strengthen in-store and e-commerce sales and control purchases, excess inventory and costs continued to be implemented. - FY2024-Q1RestatedAnnual report
「The group continues to make every effort to secure in-store sales at its companies and strengthen e-commerce sales, while strictly screening purchases and limiting them to appropriate levels to control excess inventory and costs.」
Efforts to strengthen in-store and e-commerce sales and control purchases, excess inventory and costs continued. - FY2023-Q3The aftereffects of emergency SG&A cost controlsAnnual report
「The group continues to make every effort to secure in-store sales at its companies and strengthen sales through e-commerce, while strictly screening purchases and limiting them to appropriate levels to control excess inventory and costs. However, conditions remain challenging, partly due to the aftereffects of the emergency SG&A cost controls implemented in the same quarter of the previous year in response to the spread of COVID-19.」
While in-store and e-commerce sales were strengthened and purchases, excess inventory and costs were controlled, the aftereffects of the emergency SG&A cost controls implemented the previous year emerged, highlighting the challenging conditions following the fundamental cost reductions. - FY2023-Q2SG&A cost controls were not implemented on a fundamental scaleAnnual report
「The group made every effort to secure in-store sales at its companies and strengthen sales through e-commerce, while strictly screening purchases and limiting them to appropriate levels to control excess inventory and costs. However, these efforts did not result in fundamental SG&A cost controls, and conditions remained challenging.」
While efforts were made to secure in-store sales, strengthen e-commerce sales and control purchases, excess inventory and costs, the measures did not result in fundamental SG&A cost reductions. - FY2023-Q1ReframedAnnual report
「The company shifted from withdrawing from unprofitable stores to opening large-format stores and reopening stores in prime locations, seeking to reform the earnings structure by developing attractive stores.」
The initiatives shifted from a focus on withdrawing from unprofitable stores to store development and earnings-structure reform through the reopening of large-format stores and stores in prime locations. - FY2022-Q3RestatedAnnual report
「To date, we have focused on withdrawing from unprofitable businesses and stores, reducing personnel costs and cutting SG&A expenses across the company. We then shifted to a phase of strengthening the rapidly growing e-commerce business, investing in IT systems and entering new businesses. By actively investing for the future, we aim to maximize the group’s earnings capacity.」
After advancing the withdrawal from unprofitable businesses and stores and reducing personnel and SG&A costs, the policy of shifting to an investment phase focused on e-commerce, IT and new businesses was reconfirmed. - FY2022-Q2RestatedAnnual report
「To date, we have focused on withdrawing from unprofitable businesses and stores, reducing personnel costs and cutting SG&A expenses across the company. We then shifted to a phase of strengthening the rapidly growing e-commerce business, investing in IT systems and entering new businesses. By actively investing for the future, we aim to maximize the group’s earnings capacity.」
The withdrawal from unprofitable businesses and stores, personnel-cost reductions and SG&A reductions were reconfirmed as measures implemented to date, while the continued shift to an investment phase focused on e-commerce, IT and new businesses was noted. - FY2022-Q1ReframedAnnual report
「To date, we have focused on withdrawing from unprofitable businesses and stores, reducing personnel costs and cutting SG&A expenses across the company. We then shifted to a phase of strengthening the rapidly growing e-commerce business, investing in IT systems and entering new businesses. By actively investing for the future, we aim to maximize the group’s earnings capacity.」
The withdrawal from unprofitable businesses and stores, personnel-cost reductions and SG&A reductions were positioned as measures for the previous phase, and the shift to an investment phase focused on e-commerce, IT and new businesses was outlined. - FY2021-Q3RestatedAnnual report
「We continue to advance initiatives to optimize the earnings structure by pursuing a series of cost reductions, including the withdrawal from unprofitable stores, a company-wide review of group SG&A expenses and fundamental personnel-cost reductions.」
Cost-reduction measures, including withdrawal from unprofitable stores, a company-wide review of SG&A expenses and fundamental personnel-cost reductions, continued as initiatives to optimize the earnings structure. - FY2021-Q2AdvancedAnnual report
「As part of the Group's structural reforms, we decided to implement an early-retirement program to streamline head-office personnel and eliminate overlapping functions between organizations.」
A resolution was passed to implement an early-retirement program covering approximately 300 head-office employees as part of measures to reduce SG&A expenses and optimize the earnings structure. - FY2021-Q1AdvancedAnnual report
「We also launched a company-wide specialist project to review group SG&A expenses and reduce procurement costs, among other measures, advancing initiatives to optimize the group’s earnings structure.」
The existing SG&A cost-control policy progressed to implementation through the launch of a company-wide specialist project and efforts to reduce procurement costs. - FY2020ReframedAnnual report
「We will establish a company-wide SG&A reduction project and pursue a significant improvement in productivity by fundamentally reviewing personnel allocation and eliminating duplicated work. We will also lower procurement costs through centralized purchasing of SG&A expenses other than personnel costs, thereby lowering the break-even point.」
The existing SG&A cost controls and closure of unprofitable stores were reorganized into a company-wide project involving a review of personnel allocation, elimination of duplicated work and centralized purchasing. - FY2020-Q3RestatedAnnual report
「However, despite promoting SG&A cost-control measures and working to improve profit margins across the group, the earnings environment remained challenging in the existing businesses,」
SG&A cost controls and measures to improve profit margins across the group continued, but the earnings environment for the existing businesses remained challenging. - FY2020-Q2AdvancedAnnual report
「In addition to the company-wide SG&A cost-control measures implemented to date, we worked to improve the profit margin across the group. As a result, the operating loss was ¥164 million, compared with a loss of ¥186 million in the same quarter of the previous year, while ordinary profit was ¥769 million, up 7.8% year on year.」
In addition to the existing SG&A cost-control measures, efforts to improve profit margins across the group reduced the operating loss from ¥186 million in the same period of the previous year to ¥164 million, while ordinary profit increased 7.8% year on year. - FY2020-Q1AdvancedAnnual report
「In addition to the company-wide SG&A cost-control measures implemented to date, we worked to improve the profit margin across the group. As a result, operating profit was ¥1,913 million, up 72.1% year on year, and ordinary profit was ¥2,182 million, up 47.4%.」
In addition to company-wide SG&A cost controls, efforts to improve profit margins resulted in quarterly operating profit of ¥1,913 million, up 72.1% year on year. - FY2019AdvancedAnnual report
「In addition to the company-wide SG&A cost-control measures implemented to date, we effectively reallocated strategic expenses and further reduced costs. As a result, operating profit was ¥2,290 million, up 5.6% year on year, and ordinary profit was ¥3,912 million, up 3.2%.」
In addition to company-wide SG&A cost controls, strategic expenses were reallocated and additional cost reductions implemented, resulting in annual operating profit of ¥2,290 million, up 5.6% year on year. - FY2019-Q3AdvancedAnnual report
「In addition to the company-wide measures to control selling, general and administrative expenses implemented to date, we further reduced expenses by effectively reallocating strategic costs. As a result, operating profit was ¥3,306 million, up 4.0% year on year, and ordinary profit was ¥4,588 million, up 3.9% year on year.」
In addition to the existing SG&A cost-control measures, strategic expenses were reallocated and additional cost reductions implemented, resulting in higher operating and ordinary profit. - FY2019-Q2RestatedAnnual report
「Although the effects of company-wide measures to control selling, general and administrative expenses continued, we actively advanced growth-strategy investments by our Group, including advertising and strengthening the business platform, particularly in the rapidly growing e-commerce business,」
It was stated that investments in e-commerce advertising and strengthening the business platform continued while the effects of company-wide measures to control selling, general and administrative expenses persisted. - FY2019-Q1RestatedAnnual report
「Although the effects of company-wide measures to control selling, general and administrative expenses continued, we continued to advance growth-strategy investments by Group subsidiaries, including advertising and strengthening the business platform in the rapidly growing e-commerce business and actively pursuing structural reforms,」
It was stated that growth-strategy investments, including structural reforms, continued while measures to control selling, general and administrative expenses were maintained. - FY2018RestatedAnnual report
「While undertaking these initiatives, we pursued management efficiencies, including the closure of unprofitable stores, resulting in revenue of ¥155.457 billion, down 2.3% from the previous fiscal year.」
Management efficiencies, including the closure of unprofitable stores, continued. Revenue for the fiscal year was ¥155.457 billion, down 2.3% from the previous fiscal year. - FY2018-Q3RestatedAnnual report
「While undertaking these initiatives, we pursued management efficiencies, including the closure of unprofitable stores, resulting in」
The continued pursuit of management efficiencies, including the closure of unprofitable stores, was stated. - FY2018-Q2RestatedAnnual report
「While undertaking these initiatives, we pursued management efficiencies, including the closure of unprofitable stores, as in the previous fiscal year, resulting in」
The continued pursuit of management efficiencies, including the closure of unprofitable stores, from the previous fiscal year was stated. - FY2018-Q1RestatedAnnual report
「While undertaking these initiatives, we pursued management efficiencies, including the closure of unprofitable stores, as in the previous fiscal year, resulting in」
The continued pursuit of management efficiencies, including the closure of unprofitable stores, from the previous fiscal year was stated. - FY2017AdvancedAnnual report
「Against this backdrop, our Group continued to build a rational operating platform based on the medium-term management plan updated in April 2016, while actively developing brand portfolio management through M&A and other means and new businesses as growth strategies. At the same time, as a result of advancing measures including the exit from unprofitable brands and store closures, revenue was ¥159.143 billion, down 4.8% from the previous fiscal year.」
The continued exit from unprofitable brands and store closures was described in relation to the decline in revenue, operating profit of ¥2,541 million, up 139.4% from the previous fiscal year, and reductions in selling, general and administrative expenses. - FY2017-Q3AdvancedAnnual report
「We improved the gross profit margin through the exit from unprofitable brands and store closures, among other measures, while actively reducing selling, general and administrative expenses. As a result, operating profit was ¥3,608 million, up 129.3% year on year,」
The continued exit from unprofitable brands, store closures and reductions in selling, general and administrative expenses were linked to operating profit of ¥3,608 million, up 129.3% year on year. - FY2017-Q2RestatedAnnual report
「We improved the gross profit margin through the exit from unprofitable brands and store closures, among other measures, while actively reducing selling, general and administrative expenses,」
The exit from unprofitable brands, store closures and reductions in selling, general and administrative expenses were continuously stated as measures to improve earnings. - FY2017-Q1First statedAnnual report
「We improved the gross profit margin through the exit from unprofitable brands and store closures, among other measures, while actively reducing selling, general and administrative expenses.」
Exiting unprofitable businesses, closing stores and reducing selling, general and administrative expenses were stated as specific measures to improve earnings.