Plan to increase consolidated revenue 16% by opening a new Ōasa store
First written in FY2016. 3 of 9 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019Post-opening store renovation investmentAnnual report
「¥82 million in capital investment for renovation of the Ōasa store tenant premises」
The company reports ¥82 million in capital investment during the fiscal year for renovation of the Ōasa store after its opening. - FY2019-Q1Lower revenue due to the reversal of the Ōasa store opening sale, with improved earningsAnnual report
「Revenue declined due to the reversal of the impact of the Ōasa store opening sale held in March last year, but we worked to improve earnings by securing an appropriate level of profit. As a result, revenue was ¥4,417 million, down 15.4% year on year, and operating profit was ¥237 million, up 254.6%.」
The retail business reported lower revenue due to the reversal of the opening sale after the Ōasa store opened, while operating profit increased 254.6% year on year through the securing of an appropriate level of profit. - FY2018Concurrent sales growth and profit pressureAnnual report
「Although the Ōasa store, which opened in March last year, made a significant contribution to revenue, the opening sale reduced the gross margin on sales. Advertising, security and other expenses also increased, while poor sales of gardening materials and leisure goods due to unsettled weather in early spring compounded the situation. Revenue was ¥18,941 million, up 22.5% from the previous fiscal year, and operating profit was ¥230 million, down 55.0%.」
After the Ōasa store opened, revenue increased 22.5%, while operating profit declined 55.0% due to the opening sale, advertising and security expenses, and unsettled weather. - FY2018-Q3Continued sales contribution and lower prospects for profit recoveryAnnual report
「Under these conditions, although the Ōasa store, which opened in March, made a significant contribution to revenue, the gross margin on sales declined due to the opening sale, advertising, security and other expenses increased, and poor sales of gardening materials and leisure goods caused by unsettled weather in early spring compounded the situation. A substantial recovery is still not expected in the fourth quarter. As a result, revenue was ¥15,088 million, up 23.3% year on year, and operating profit was ¥429 million, down 38.8%.」
The Ōasa store continued to contribute to revenue, but profit remained under pressure from the opening sale, advertising, security and other expenses, and the company states that a substantial recovery is not expected in the fourth quarter either. - FY2018-Q1Post-opening sales contribution and burden of initial costsAnnual report
「Although the Ōasa store, which opened in March, made a significant contribution to revenue, the opening sale substantially reduced the gross margin on sales, while advertising, security and other expenses increased.」
After the Ōasa store opened, its contribution to revenue was confirmed, while the company reported a lower gross margin on sales due to the opening sale and the burden of initial costs such as advertising and security expenses. - FY2017AdvancedAnnual report
「However, partly because expenses at the Ōasa store, which opened in March as the fourth large-format store, were incurred ahead of revenue, revenue was ¥15,462 million, down 2.8% from the previous fiscal year, and operating profit was ¥512 million, down 33.7%.」
The Ōasa store opened in March as the fourth large-format store. Execution of the new-store opening plan was completed, but there is no statement that the originally planned 16% increase in consolidated revenue was achieved. - FY2017-Q3AdvancedAnnual report
「Joyful AK Co., Ltd., a consolidated subsidiary of the company, resolved at a Board of Directors meeting held on 16 January 2017 to borrow funds. (1) Use of funds Costs of opening the Joyful AK Ōasa store (3) Borrowing amount ¥5,300 million (5) Borrowing period 10 years (6) Assets pledged as collateral or guarantee details Real estate collateral; no guarantee (7) Other material terms and conditions None」
A ¥5.3 billion borrowing resolution was approved for the costs of opening the Ōasa store, and the company has moved to the specific financing stage, with 15 February 2017 scheduled as the borrowing execution date. The opening of the store is not stated as complete. - FY2017-Q2AdvancedAnnual report
「The decrease in cash resulting from investing activities was ¥646 million, compared with ¥337 million used in the same quarter of the previous year. This was mainly due to payments for the acquisition of property, plant and equipment for a new store operated by a subsidiary.」
The company states that payments were made to acquire property, plant and equipment for a new store operated by a subsidiary, indicating progress in executing the investment plan for the new store. No store name or completion details are provided. - FY2016First statedAnnual report
「Joyful AK Co., Ltd., Ōasa store; retail business; new store opening; 4,300,000; 152,006; borrowings; April 2016; February 2017; consolidated revenue up 16%」
The capital investment plan specifies total planned investment of ¥4.3 billion, with work scheduled to begin in April 2016 and be completed in February 2017, and consolidated revenue expected to increase 16% after completion.