Delays in completing new stores due to construction contractors’ circumstances
First written in FY2018-Q3. 5 of 10 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024.
KeePer Technical Laboratory moved to the "Worse" side of this theme in 2021, 3 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 6 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「The initial plan called for 15 stores, but the Kobe Okaba store, which was scheduled to open in June 2024, was pushed back to August because of delays in permits and approvals.」
The factors behind delays in opening new stores have expanded beyond the previously cited construction, materials, weather and application-related delays to include permits and approvals. The Kobe Okaba store's opening was pushed from the fiscal year ending June 2024 to August of the following fiscal year, leaving the annual store-opening total 1 store below plan. - FY2023MaterialisedAnnual report
「However, although we opened 12 new stores, 9 of them opened during the 2 months immediately before the fiscal year-end, in May and June. We were unable to open stores according to plan, placing a burden on frontline operations, which is something we need to reflect on.」
Although 12 stores were opened during the year, 9 were concentrated in the 2 months immediately before the fiscal year-end, resulting in an unplanned opening schedule and an increased burden on frontline operations. - FY2023-Q2WorsenedAnnual report
「Taking into account construction delays caused by longer lead times for materials, we still plan to open 12 new stores during the current fiscal year as scheduled.」
Longer lead times for materials were identified as an additional factor behind delays in opening new stores, alongside the previously cited application procedures, weather and construction costs. - FY2022-Q3WorsenedAnnual report
「The Niiza store (provisional name), scheduled for the current fiscal year, is taking longer than expected because of application-related procedures and is expected to open in the next fiscal year.」
Delays related to applications are expected to push the Niiza store's opening from the current fiscal year into the next fiscal year. The factors behind delays in opening new stores have expanded beyond weather and construction to include application procedures. - FY2021WorsenedAnnual report
「Several more stores were scheduled to open during the current fiscal year, but construction schedules were delayed, including by redesigns necessitated by worsening weather conditions and rising construction costs, pushing the store openings into the next fiscal year.」
In addition to the previously cited weather conditions and other factors, rising construction costs and redesigns were identified as new factors behind the delays in opening new stores. - FY2021-Q3WorsenedAnnual report
「The following 3 stores were scheduled to open during the current fiscal year, but their openings have been pushed into the next fiscal year because worsening weather conditions delayed construction schedules and tenants took longer to vacate existing fitted-out properties.」
Worsening weather conditions and delays in tenants vacating existing fitted-out properties pushed the 3 stores scheduled to open during the current fiscal year into the next fiscal year. The number of affected stores increased from the 2 stores previously reported, further concretizing the delays in opening new stores. - FY2021-Q2MaterialisedAnnual report
「The following 2 stores were scheduled to open during the current fiscal year, but store openings have been pushed into the next fiscal year due to delays in construction schedules caused by worsening weather conditions and delays in the timing of withdrawals from existing fitted-out properties.」
For 2 new stores, construction delays caused by weather conditions and delays in the departure dates of tenants from existing fitted-out properties pushed the planned openings from the current fiscal year into the next fiscal year. The risk of delays in completing and opening new stores has materialized. - FY2019-Q2MitigatedAnnual report
「August 2018 Ichihara store, Chiba Prefecture September 2018 Tsurumi store, Osaka Prefecture」
The Ichihara and Tsurumi stores, which were at risk of completion delays in the previous fiscal year because of contractor availability, opened in August and September 2018, respectively, reducing the risk of completion delays through their subsequent openings. - FY2018MaterialisedAnnual report
「Ichihara store KeePer LABO operations Ichihara, Chiba Store 35,000 － Bank borrowings May 2018 August 2018」
For the Ichihara store, which was identified in the previous fiscal year as being at risk of completion delays, the equipment plan now gives August 2018 as the scheduled completion date, concretizing the initial risk that completion by the end of June 2018 would be difficult as a construction delay. - FY2018-Q3First statedAnnual report
「However, the Osaka Tsurumi store and Ichihara store, scheduled to open in June, are unlikely to be completed by the end of June 2018 because the contractors are unavailable.」
For the 2 stores scheduled to open in June, difficulty securing contractors has made completion by month-end unlikely, indicating a new risk of store-opening delays.