Risk to Maintaining Earnings Due to High Fixed-Cost Ratio and Sales Shortfalls
First written in FY2016. 8 of 18 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-10-30.
Taya moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 9 of 22 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026MitigatedAnnual report
「Although fixed costs such as personnel expenses and rent declined due to store closures and other measures, expense reductions did not reach a level sufficient to offset the decline in sales. In addition, restoration costs have continued to rise from the previous fiscal year, increasing depreciation of asset retirement obligations.」
The Company states that fixed costs declined due to store closures, but not by enough to offset the decline in sales. Although the effectiveness of measures addressing fixed-cost risk was demonstrated, the risk remains. - 2026-04-30WorsenedOccurring Fact
「売上高につきましては、既存店において客単価は概ね計画通り推移したものの、店舗閉鎖の影響に加え、人手不足や顧客来店周期の長期化等により入客数が伸び悩み、全体として計画比 2.0％減となりました。」
客単価は概ね計画どおりだった一方、入客数の伸び悩みにより売上高が計画比2.0％減となり、高固定費構造下の利益維持リスクに関係する売上未達を開示している。 - FY2025-H1WorsenedAnnual report
「As a result, for the interim accounting period, sales were ¥2,679 million, down 5.8% year on year, operating loss was ¥91 million, compared with an operating loss of ¥75 million in the same period of the previous year, and ordinary loss was ¥91 million, compared with an ordinary loss of ¥74 million in the same period of the previous year.」
Sales declined under the high fixed-cost structure, and operating and ordinary losses increased from the same period of the previous year, demonstrating in the interim results the risk that profits are difficult to maintain when sales fall short of plan. - FY2024RestatedAnnual report
「The Company’s business has a high ratio of fixed costs, including personnel expenses and store operating and maintenance costs. Securing sales above a certain level can therefore make a significant contribution to profits, but if sales fall short of plan, it becomes difficult to reduce the associated expenses, making it difficult to maintain an appropriate level of profit.」
The Company continues to disclose the structure in which its high fixed-cost ratio makes it difficult to maintain profit levels when sales fall short of plan. - FY2024-Q2RestatedAnnual report
「As a result, for the cumulative second quarter, sales were ¥2,843 million, down 5.3% year on year, operating loss was ¥75 million, compared with an operating loss of ¥381 million in the same period of the previous year, and ordinary loss was ¥74 million, compared with an ordinary loss of ¥367 million in the same period of the previous year.」
Sales declined year on year and operating and ordinary losses continued, continuing to indicate the risk that profit levels are difficult to maintain under the high fixed-cost structure. Meanwhile, the losses narrowed from the same period of the previous year. - FY2024-Q1RestatedAnnual report
「As a result, for the cumulative first quarter, sales were ¥1,429 million, down 6.6% year on year, operating loss was ¥48 million, compared with an operating loss of ¥181 million in the same period of the previous year, and ordinary loss was ¥52 million, compared with an operating loss of ¥179 million in the same period of the previous year.」
The decline in sales and operating and ordinary losses continued, leaving the risk of difficulty maintaining profits under the high fixed-cost structure, although the losses narrowed from the same period of the previous year. - FY2023-Q3RestatedAnnual report
「Sales were ¥4,571 million, down 9.3% year on year, operating loss was ¥474 million, compared with an operating loss of ¥761 million in the same period of the previous year, and ordinary loss was ¥459 million, compared with an operating loss of ¥760 million in the same period of the previous year.」
The decline in sales and operating and ordinary losses continued, leaving the risk of difficulty maintaining profits under the high fixed-cost structure, although the losses narrowed from the same period of the previous year. - FY2023-Q2RestatedAnnual report
「As a result, for the cumulative second quarter, sales were ¥3,002 million, down 9.0% year on year, operating loss was ¥381 million, compared with an operating loss of ¥609 million in the same period of the previous year, and ordinary loss was ¥367 million, compared with an operating loss of ¥610 million in the same period of the previous year.」
The decline in sales and operating and ordinary losses continued, leaving the risk of difficulty maintaining profits under the high fixed-cost structure, although the losses narrowed from the same period of the previous year. - FY2023-Q1RestatedAnnual report
「Sales were ¥1,529 million, down 10.1% year on year, operating loss was ¥181 million, compared with an operating loss of ¥308 million in the same period of the previous year, and ordinary loss was ¥179 million, compared with an operating loss of ¥311 million in the same period of the previous year.」
The decline in sales and operating and ordinary losses continued, leaving the risk of difficulty maintaining profits under the high fixed-cost structure, although the losses narrowed from the same period of the previous year. - FY2021WorsenedAnnual report
「As a result, average spend per customer at existing stores increased 1.5% year on year, but customer visits decreased 22.8%, resulting in a 21.7% year-on-year decline in sales at existing stores.」
Customer traffic and sales at existing stores declined significantly under the high fixed-cost structure, and the Company reported an operating loss of ¥1,264 million, further demonstrating the risk that profits are difficult to maintain when sales fall short of plan. - FY2021-Q3WorsenedAnnual report
「As a result, for the nine months ended December, net sales were ¥5,048 million, down 25.7% year on year, operating loss was ¥947 million, compared with an operating loss of ¥191 million in the same period of the previous year, ordinary loss was ¥958 million, compared with an operating loss of ¥200 million, and net loss for the quarter was ¥1,031 million, compared with a net loss for the quarter of ¥7 million.」
Sales declined 25.7% year on year, while operating, ordinary and quarterly net losses increased significantly under the burden of fixed costs. - FY2021-Q2WorsenedAnnual report
「As a result, for the six months ended September, net sales were ¥3,121 million, down 31.6% year on year, operating loss was ¥732 million, compared with an operating loss of ¥139 million in the same period of the previous year, ordinary loss was ¥738 million, compared with an operating loss of ¥145 million, and net loss for the quarter was ¥802 million, compared with net profit for the quarter of ¥44 million.」
Sales declined 31.6% year on year, operating and ordinary losses increased, and quarterly net income turned from a profit to a loss, demonstrating the continuing impact of the risk that profit levels are difficult to maintain under the high fixed-cost structure. - FY2021-Q1WorsenedAnnual report
「As a result, for the cumulative first quarter, sales were ¥1,329 million, down 41.3% year on year, operating loss was ¥399 million, compared with an operating loss of ¥100 million in the same period of the previous year, ordinary loss was ¥404 million, compared with an operating loss of ¥103 million in the same period of the previous year, and quarterly net loss was ¥558 million, compared with a quarterly net loss of ¥79 million in the same period of the previous year.」
The 41.3% year-on-year decline in sales and the resulting operating, ordinary and quarterly net losses further demonstrate the impact of the risk that the high fixed-cost structure makes it difficult to maintain profit levels. - FY2020MaterialisedAnnual report
「The Company’s business has a high ratio of fixed costs, including personnel expenses and store operating and maintenance costs. Securing sales above a certain level can therefore make a significant contribution to profits, but if sales fall short of plan, it becomes difficult to reduce the associated expenses, making it difficult to maintain an appropriate level of profit.」
Sales declined 10.1% year on year, and the resulting operating and ordinary losses demonstrate the business impact of the risk that its high fixed-cost structure makes it difficult to maintain profit levels. - FY2017RestatedAnnual report
「The Company’s business has a high ratio of fixed costs, including personnel expenses and store operating and maintenance costs. Securing sales above a certain level can therefore make a significant contribution to profits, but if sales fall short of plan, it becomes difficult to reduce the associated expenses, making it difficult to maintain an appropriate level of profit.」
The Company continues to explain the structure in which its high fixed-cost ratio makes it difficult to maintain profits when sales fall short of plan. - FY2016First statedAnnual report
「The Company’s business has a high ratio of fixed costs, including personnel expenses and store operating and maintenance costs. Securing sales above a certain level can therefore make a significant contribution to profits, but if sales fall short of plan, it becomes difficult to reduce the associated expenses, making it difficult to maintain an appropriate level of profit.」
The Company explains that its high fixed-cost ratio makes it structurally difficult to maintain profits when sales fall short of plan.