Declining Sales at Existing Stores and Insufficient Offset from New Store Openings
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2020: 6 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「Because the Group's operating results are significantly affected by the operating results of existing stores and trends in new store openings, it is working to secure sales and profits at existing stores. However, if existing stores close or generate lower revenue and the resulting decline in operating results cannot be fully offset by higher revenue from new store openings, including openings in major countries worldwide, this may affect the Group's operating results and other results.」
The business-structure risk of offsetting lower revenue at existing stores through new store openings in major countries worldwide was restated. - FY2019Expanded the scope of offsets from new store openings to major countries worldwideAnnual report
「Because the Group's performance is significantly affected by the performance of existing stores and trends in new store openings, it is working to secure sales and profits at existing stores. However, if existing stores close or generate lower revenue and the resulting decline in performance cannot be fully offset by higher revenue from new store openings, including openings in major countries worldwide, this may affect the Group's performance and other results.」
The wording was expanded from new store openings to “new store openings in major countries worldwide” as a means of offsetting lower revenue at existing stores. - FY2018RestatedAnnual report
「Because the Group's performance is significantly affected by the performance of existing stores and trends in new store openings, it is working to secure sales and profits at existing stores. However, if existing stores close or generate lower revenue and the resulting decline in performance cannot be fully offset by higher revenue from new stores, this may affect the Group's performance and other results.」
The fact that both existing stores and new store openings affect performance was restated. - FY2017RestatedAnnual report
「Because the Group's performance is significantly affected by the performance of existing stores and trends in new store openings, it is working to secure sales and profits at existing stores. However, if existing stores close or generate lower revenue and the resulting decline in performance cannot be fully offset by higher revenue from new stores, this may affect the Group's performance and other results.」
The fact that both existing stores and new store openings affect performance was restated. - FY2016First statedAnnual report
「The Group's performance is significantly affected by the performance of existing stores and trends in new store openings. However, it is not easy for existing stores to continue securing sales and profits in every fiscal year. If existing stores close or generate lower revenue and the resulting decline in performance cannot be fully offset by higher revenue from new stores, this may affect the Group's performance and other results.」
The risk was organized around the fact that both existing and new stores affect performance.