Reduction in social insurance premiums, rent and travel expenses amid the impact of infectious diseases
First written in FY2021-Q1. 6 of 11 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2022: 1 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the China business, the Company implemented structural reforms based on the profit-improvement plan formulated at the end of the previous fiscal year. The operating loss improved substantially from the previous year as a result of consolidating unprofitable stores and reducing expenses.」
Based on the profit-improvement plan formulated at the end of the previous fiscal year, the Company implemented the consolidation of unprofitable stores and expense reductions as structural reforms, substantially improving the operating loss of the China business. - FY2026-H1RestatedAnnual report
「The China business continued implementing measures under the profit improvement plan formulated at the end of the previous fiscal year, including the closure of unprofitable stores, cost reductions and the revitalization of playgrounds, from the first quarter onward. All measures are progressing smoothly.」
In the China business, the Company continues to consolidate unprofitable stores, reduce expenses, and revitalize playgrounds. - FY2025-H1RestatedAnnual report
「The Company opened 18 strategic small-format stores with high ROI, while continuing to introduce new machines and play equipment and reduce expenses. As of the end of August 2024, the total number of stores was 175, including 6 franchised stores.」
In the China business, the Company continues to open strategic small-format stores, introduce new machines and play equipment, and reduce expenses. - FY2025-Q1RestatedAnnual report
「The Company is advancing its recovery by closing more unprofitable stores than planned, revitalizing 2 playground stores, opening 10 strategic small-format stores with high ROI, introducing new machines and play equipment, and continuing to reduce expenses.」
In the China business, the Company continues to close unprofitable stores, introduce new machines and play equipment, and reduce expenses, thereby advancing recovery. - FY2024AdvancedAnnual report
「In the China business, recovery in revenue has been delayed as the number of children visiting stores declined amid continued uncertainty over economic activity and the impact of the infectious disease outbreak from September onward. However, as a result of closing more unprofitable stores than initially planned and reducing expenses, operating profit improved by ¥439 million from the previous fiscal year.」
The Company closed more unprofitable stores than initially planned and reduced expenses, improving operating profit in the China business by ¥439 million from the previous fiscal year. - FY2024-Q3AdvancedAnnual report
「Sales in the China business stagnated due to economic uncertainty and a decline in the number of child visitors following the spread of infectious diseases. However, operating profit improved by ¥538 million from the same period of the previous year through the opening of strategic small-format stores with high ROI, the closure of unprofitable stores and cost reductions.」
In the China business, the Company proceeded with the closure of unprofitable stores and expense reductions, improving operating profit by ¥538 million from the same period of the previous year. - FY2024-Q2AdvancedAnnual report
「At the same time, as a result of closing unprofitable stores and reducing expenses, operating profit improved by ¥613 million from the same period of the previous year. Including the ¥686 million loss on the suspension of stores recorded as an extraordinary loss in the first two quarters of the previous consolidated fiscal year, operating profit improved by ¥1,299 million on an effective basis.」
In the China business, the Company proceeded with the closure of unprofitable stores and expense reductions, improving operating profit by ¥613 million from the same period of the previous year, or ¥1,299 million on an effective basis including losses on store suspensions. - FY2023-Q3RestatedAnnual report
「The Company worked to reduce costs by negotiating rent waivers, curbing investment, and reviewing staffing allocations.」
In the China business, the Company continues to reduce costs by negotiating rent waivers, curbing investment, and reviewing staffing allocations. - FY2022-Q2AdvancedAnnual report
「As part of expense-reduction initiatives in each country, the Company promoted rent waivers during periods of suspended operations, the use of government subsidies for personnel expenses, reviews of work arrangements, and encouragement of employees to take leave.」
In ASEAN countries, the Company promoted rent waivers, the use of government subsidies, reviews of work arrangements, and encouragement of employees to take leave, expanding expense-reduction measures amid the impact of the infectious disease. - FY2021-Q3AdvancedAnnual report
「At the same time, the Company pursued comprehensive expense reductions by strengthening management of store working hours, continuing negotiations for rent reductions, and streamlining head-office functions through reductions in head-office staff. As a result, the operating loss for the third-quarter consolidated accounting period improved by ¥380 million from the same period of the previous year.」
In addition to negotiating rent reductions and managing working hours, the Company streamlined head-office functions by reducing head-office staff, improving the operating loss in the third-quarter accounting period of the China business by ¥380 million year on year. - FY2021-Q1First statedAnnual report
「The Company also worked to reduce expenses by applying for government reductions in social insurance premiums, negotiating rent reductions, and limiting business travel to the minimum necessary.」
In the China business, the Company began measures to reduce the cost burden during the suspension of operations caused by the infectious disease, including applying for reductions in social insurance premiums, negotiating rent reductions, and limiting business travel.