Withdrawal from Unprofitable Businesses and Closure of Unprofitable and Low-Profitability Stores
First written in FY2016. 10 of 13 entries say "Advanced", first in FY2019-Q3. Latest entry: 2026-10-05.
22 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「In addition, as part of the structural reforms announced in February 2021, we completed the closure of approximately 530 stores over the current consolidated fiscal year.」
In addition to the approximately 300 stores closed by the end of the previous fiscal year, the company completed the closure of approximately 530 stores over the full year under the structural reforms announced in February 2021. - FY2022-Q3AdvancedAnnual report
「In addition, as part of the structural reforms announced in February 2021, we completed the closure of approximately 390 stores over the nine months of the current consolidated fiscal year.」
Following the decline of approximately 300 stores through the end of the previous fiscal year, the company completed the closure of approximately 390 stores during the nine months ended the third quarter under the structural reforms announced in February 2021. - FY2022-Q2AdvancedAnnual report
「The number of stores declined by approximately 300 in the previous consolidated fiscal year as part of the structural reforms announced in August of the previous year, and approximately 370 stores were also closed during the six months ended the second quarter of the current consolidated fiscal year as part of the structural reforms announced in February this year.」
Following the decline of approximately 300 stores in the previous fiscal year, approximately 370 stores were closed during the six months ended the second quarter, advancing the restructuring of the store network. - FY2022-Q1AdvancedAnnual report
「Although the store sales channel has declined by approximately 300 stores as part of the structural reforms announced in August of the previous year, we secured more sales opportunities than when approximately 90% of directly operated stores were temporarily closed under the state of emergency in April and May of the previous year.」
The company explicitly stated that the number of stores had declined by approximately 300 as a result of the structural reforms announced in August of the previous year. - FY2021-Q3RaisedAnnual report
「After considering a more conservative scenario in addition to the brands targeted by this restructuring, the company plans to close 450 stores next fiscal year. Of these, 104 closures will result from the phaseout of the brands noted above.」
In addition to the total of 358 store closures planned in FY2021-Q1, the additional structural reforms expanded the plan to 450 closures next fiscal year, including 104 closures associated with brand phaseouts. - FY2021-Q2AdvancedAnnual report
「In addition, as brand phaseouts, consolidation and the withdrawal of low-profit stores associated with the structural reforms led to impairment losses on store closures, impairment losses on goodwill related to brand phaseouts, losses on merchandise disposal and special additional payments related to the solicitation of voluntary retirements, the company recorded losses below core operating profit.」
The company progressed from planning the phaseout and consolidation of brands and the withdrawal of low-profit stores to recording impairment losses, merchandise disposal losses and other costs associated with implementation. - FY2021-Q1AdvancedAnnual report
「In addition to the closure of 214 stores following the phaseout of brand ① above, the company expects to withdraw 14 stores during the reorganization of brands subject to consolidation, and plans to close a total of 358 stores during the period, including 130 low-profit stores, mainly among the brands targeted by this restructuring.」
The company moved beyond simply continuing to close unprofitable and low-profit stores and finalized a plan to close a total of 358 stores during the period in connection with brand phaseouts, consolidation and other measures. - FY2020-Q2AdvancedAnnual report
「Mainly in the sales platform, in addition to lower external sales following the phaseout of the large-store brand "Fractus",」
In addition to closing unprofitable and low-profit stores, the company phased out the large-store brand "Fractus", citing this as a factor behind the decline in external sales. - FY2019-Q3AdvancedAnnual report
「Revenue from the platform business was ¥87.561 billion, down 13.0% year on year, including external revenue of ¥10.717 billion, down 20.1%. This reflected mainly a decline in internal revenue as the brand business reduced merchandise purchasing amid sluggish sales, as well as the closure of several large stores. However, core operating profit (segment profit) rose 194.2% to ¥1.904 billion, mainly because the production-platform companies worked to improve productivity, particularly at their manufacturing plants, while the sales-platform company also promoted the closure of loss-making stores.」
By continuing to improve productivity, mainly at manufacturing plants, and close loss-making stores, core operating profit in the platform business increased 194.2% year on year. - FY2017AchievedAnnual report
「The number of directly operated stores declined because we concentrated the withdrawal from unprofitable businesses and the closure of unprofitable and low-profit stores in the previous fiscal year, but」
The company stated that it had concentrated the withdrawal from unprofitable businesses and the closure of unprofitable and low-profit stores in the previous fiscal year. - FY2016First statedAnnual report
「We withdrew from unprofitable businesses, closed unprofitable and low-profit stores, and worked to control procurement and inventory.」
Identified as a specific structural reform measure and also explained as a factor behind the decline in revenue.