Opening and Refurbishing Directly Operated Stores and Software Development
First written in FY2016. 9 of 14 entries say "Advanced", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2021: 1 of 12 companies on the "Worse" side.
14 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Group plans total capital expenditures of ¥23.9 billion over the 3 years of its next medium-term management plan, VISION-W, which begins in the fiscal year ending February 2027. While continuing to expand capital investment in growth areas such as circular businesses and overseas B2C, the Group will incorporate an ROIC perspective into investment decisions for apparel brands and systems and implement only selected investments.」
The Group set a total capital expenditure plan of ¥23.9 billion over the 3 years of VISION-W and indicated a policy of expanding investment in circular businesses and overseas B2C while selecting apparel and systems investments based on ROIC. - 2026-04-03AdvancedEarnings
「In anticipation of future interest-rate increases, we switched investment in store openings and renovations from leases to direct acquisition.」
The annual results disclosed the switch from leasing to direct acquisition for store-opening and renovation investment. - FY2026-H1AdvancedAnnual report
「In anticipation of future interest rate increases, the Group shifted investment related to store openings and renovations from leasing to acquiring the assets itself.」
For investments in store openings and renovations, the Group shifted from leasing to acquiring the assets itself in anticipation of future interest rate increases, resulting in cash outflows for the acquisition of property, plant and equipment of approximately ¥2.6 billion. - FY2024-Q1AdvancedAnnual report
「The main factors were the receipt of approximately ¥1.6 billion in distributions from the W&D Investment Design Investment Limited Partnership, offset by increases of approximately ¥300 million in cash outflows for the acquisition of property, plant and equipment and approximately ¥100 million in cash outflows for the acquisition of intangible assets due to investments in stores and systems.」
The Group invested in stores and systems, increasing cash outflows for the acquisition of property, plant and equipment by approximately ¥300 million and cash outflows for the acquisition of intangible assets by approximately ¥100 million. - FY2023ReframedAnnual report
「Going forward, the Group will continue to invest in systems to improve operational efficiency and modify smartphone applications, while planning to shift investment in store operating facilities from the previous focus on efficiency to more proactive investment aimed at renewed growth.」
The Group shifted its store investment policy from prioritizing efficiency and spending restraint to making proactive investments aimed at renewed growth. - FY2023-Q3Reduced spending through more efficient store investmentAnnual report
「The main factor was an approximately ¥800 million decrease in cash outflows for the acquisition of property, plant and equipment as a result of improving the efficiency of store investment.」
The Group improved the efficiency of store investment, reducing cash outflows for the acquisition of property, plant and equipment by approximately ¥800 million year on year. The current quarter showed spending restraint through more efficient investment under the existing store and software investment policy. - FY2023-Q2Investment restraintAnnual report
「The main factors were decreases of approximately ¥800 million in cash outflows for the acquisition of property, plant and equipment, due mainly to restrained investment in stores, and approximately ¥100 million in cash outflows for the acquisition of intangible assets, due mainly to restrained investment in core systems.」
The Group restrained investment in stores and core systems, reducing cash outflows from investing activities by ¥1,215 million year on year. The current quarter reflected restraint in investment under the existing store and software investment policy. - FY2022AdvancedAnnual report
「Total capital expenditures during the current consolidated fiscal year amounted to ¥4,327 million. This included ¥1,588 million invested in the brand business, primarily in store facilities associated with openings and renovations and to enhance brand value, and ¥2,301 million invested in the digital business to strengthen digital solutions centered on e-commerce site operations and promote the development of next-generation services, including B2C businesses in the fashion industry.」
Of annual capital expenditures of ¥4,327 million, ¥1,588 million was invested in the brand business and ¥2,301 million in the digital business. - FY2021AdvancedAnnual report
「The Group invested ¥5,989 million in capital expenditures to strengthen its digital solutions business, which provides comprehensive coverage across all fashion business functions, and in digital businesses such as fashion tech, which combines fashion and technology.」
Of total capital expenditures of ¥10,185 million for the year, ¥5,989 million was invested in digital solutions and fashion tech. - FY2019AdvancedAnnual report
「The Group invested ¥4,171 million in capital expenditures to strengthen its digital solutions business, which provides comprehensive coverage across all fashion business functions, and in digital businesses such as fashion tech, which combines fashion and technology.」
The Group invested ¥4,171 million in digital solutions and fashion tech, recording investments in its systems and digital infrastructure. - FY2019-Q2AdvancedAnnual report
「Over the next approximately 3 years, the Group plans to invest ¥10,083 million in systems, ¥469 million in security deposits to be paid to building lessors following the end of the securitization of security deposits, ¥10,000 million in strategic investments made directly by the Group as principal investments, and ¥10,000 million as the investment commitment for W&D Investment Design Co., Ltd., which makes business investments within the Group.」
The Group has detailed plans to invest ¥10,083 million in software and systems over the next approximately 3 years. - FY2018RestatedAnnual report
「The Group opened and renovated directly operated stores to strengthen its sales capabilities and developed software and undertook other initiatives to expand its business operations. Total capital expenditures, including intangible assets, long-term security deposits and long-term prepaid expenses, amounted to ¥10,149 million.」
The Group continued to open and renovate directly operated stores and develop software, reporting capital expenditures of ¥10,149 million for the year. - FY2017AdvancedAnnual report
「During the current consolidated fiscal year, the Group opened and renovated directly operated stores to strengthen its sales capabilities and developed software and undertook other initiatives to expand its business operations. In addition to recurring investments in store facilities, the Group invested in facilities to improve logistics efficiency and reduce costs, and acquired an office building expected to reduce rental expenses. Total capital expenditures, including intangible assets, long-term security deposits and long-term prepaid expenses, amounted to ¥29,466 million, excluding consumption taxes and other taxes.」
In addition to investments in stores and software, the Group implemented investments to improve logistics efficiency and acquired an office building, with total capital expenditures of ¥29,466 million. - FY2016First statedAnnual report
「We open and refurbish directly operated stores to strengthen sales capabilities and develop software and other systems to enhance the scope of our business.」
Capital expenditure totaled ¥5,366 million, including intangible assets, long-term leasehold deposits, and long-term prepaid expenses.