Withdrawal from and Closure of Unprofitable Stores and Losses on Store Closures
First written in FY2016. 22 of 31 entries say "Materialised", first in FY2016. Latest entry: FY2026.
Pan Pacific International Holdings moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 7 of 20 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In the consolidated fiscal year, the company recognized impairment losses of ¥11.492 billion and store closure losses of ¥296 million.」
Store closure losses decreased from ¥1.745 billion in the previous fiscal year to ¥296 million, while the company continued to recognize losses from store closures and exits aimed at improving business efficiency and other objectives. - FY2026-H1MitigatedAnnual report
「Losses on store closures 147」
Losses on store closures for the six-month consolidated period were ¥147 million, down from ¥1,327 million in the same period of the previous year. 1 domestic store and 4 Asian stores were closed. - FY2025MitigatedAnnual report
「During the consolidated fiscal year, impairment losses of ¥18,467 million and losses on store closures of ¥1,745 million were recorded. The losses on store closures arose mainly from stores scheduled to close as part of efforts to improve operating efficiency and for other purposes.」
Losses on store closures decreased from ¥2,240 million in the previous fiscal year to ¥1,745 million, while store closures and the recognition of losses for the purpose of improving operating efficiency continued. - FY2025-H1WorsenedAnnual report
「Extraordinary losses Impairment losses 464 Losses on retirement of fixed assets 642 Losses on store closures 1,327 Losses due to disasters 28」
Losses on store closures for the six-month consolidated period were ¥1,327 million, up from ¥101 million in the same period of the previous year. 1 domestic store and 1 overseas store were also closed. - FY2024MitigatedAnnual report
「During the consolidated fiscal year, impairment losses of ¥14,165 million and losses on store closures of ¥2,240 million were recorded. The losses on store closures arose mainly from stores scheduled to close as part of efforts to improve operating efficiency and for other purposes.」
Losses on store closures decreased from ¥2,392 million in the previous fiscal year to ¥2,240 million. Meanwhile, the closure of 9 domestic stores and 3 overseas stores and the recognition of closure losses continued. - FY2024-Q3WorsenedAnnual report
「Meanwhile, 8 domestic stores and 3 overseas stores were closed.」
During the nine-month period, 8 domestic stores and 3 overseas stores were closed, and losses on store closures increased from ¥627 million in the same period of the previous year to ¥2,061 million. Losses associated with withdrawals from unprofitable and inefficient stores and other stores increased. - FY2024-Q2MaterialisedAnnual report
「Meanwhile, 6 domestic stores and 2 overseas stores were closed.」
During the six-month period, 6 domestic stores and 2 overseas stores were closed, and ¥101 million in losses on store closures was recorded. Withdrawals from unprofitable and inefficient stores and other stores have continued. - FY2024-Q1MaterialisedAnnual report
「Meanwhile, 4 domestic stores and 1 overseas store were closed.」
4 domestic stores and 1 overseas store were closed in the first quarter, and ¥102 million in losses on store closures was recorded. Withdrawals from unprofitable and inefficient stores and other stores have continued. - FY2023WorsenedAnnual report
「During the consolidated fiscal year, impairment losses of ¥5,983 million and losses on store closures of ¥2,392 million were recorded. The losses on store closures arose mainly from stores scheduled to close as part of efforts to improve operating efficiency and for other purposes.」
Losses on store closures related to closures undertaken to improve operating efficiency and for other purposes increased from ¥952 million in the previous fiscal year to ¥2,392 million. - FY2023-Q3MaterialisedAnnual report
「Meanwhile, 3 domestic stores and 1 overseas store were closed.」
During the nine-month period, 3 domestic stores and 1 overseas store were closed, and ¥627 million in losses on store closures was recorded. Withdrawals from unprofitable and inefficient stores have continued. - FY2023-Q2MaterialisedAnnual report
「Meanwhile, 2 domestic stores and 1 overseas store were closed.」
2 domestic stores and 1 overseas store were closed, and ¥490 million in losses on store closures was recorded. Withdrawals from unprofitable and inefficient stores have continued. - FY2023-Q1MaterialisedAnnual report
「Meanwhile, 2 stores were closed.」
2 stores were closed in the first quarter. Withdrawals from unprofitable and inefficient stores have continued. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year, impairment losses of ¥5,720 million and losses on store closures of ¥952 million were recorded. The losses on store closures arose mainly from stores scheduled to close as part of efforts to improve operating efficiency and for other purposes.」
Store closures were carried out to improve operating efficiency and for other purposes, and ¥952 million in losses on store closures was recorded. - FY2022-Q1MaterialisedAnnual report
「Meanwhile, ドン・キホーテ上熊本店 was closed.」
1 store was closed during the first quarter in connection with operating-efficiency improvements and other factors, and ¥20 million in losses on store closures was recorded. - FY2021MaterialisedAnnual report
「Meanwhile, 10 stores, including ドン・キホーテ富士店, were closed due to operating-efficiency improvements, lease expirations and temporary closures for renovation.」
10 stores were closed for operating-efficiency improvements, lease expirations and renovations, and ¥630 million in losses on store closures was recorded. - FY2021-Q3MaterialisedAnnual report
「Meanwhile, ドン・キホーテ富士店 and 6 other stores were closed to improve operating efficiency and for other reasons and because their lease agreements had expired.」
7 stores were closed to improve operating efficiency and for other reasons and because their lease agreements had expired, and ¥370 million in losses on store closures was recorded. - FY2021-Q2MaterialisedAnnual report
「Meanwhile, ドン・キホーテ富士店 and 4 other stores were closed to improve operating efficiency and because their lease agreements had expired.」
5 stores were closed to improve operating efficiency and for other reasons and because their lease agreements had expired, and ¥214 million in losses on store closures was recorded. - FY2021-Q1MaterialisedAnnual report
「Meanwhile, ドン・キホーテ富士店 and 3 other stores were closed to improve operating efficiency and for other reasons.」
4 stores were closed to improve operating efficiency and for other reasons, and ¥202 million in losses on store closures was recorded. Withdrawals from unprofitable and inefficient stores have continued. - FY2020-Q3MaterialisedAnnual report
「In addition, ピアゴ穂積店 and 2 other stores were closed to improve operating efficiency.」
3 stores were closed to improve operating efficiency, and ¥1,085 million in losses on store closures was recorded. - FY2020-Q2MaterialisedAnnual report
「Meanwhile, ピアゴ穂積店 and 1 other store were closed to improve operating efficiency.」
2 stores were closed to improve operating efficiency, and ¥323 million in losses on store closures was recorded. - FY2020-Q1MaterialisedAnnual report
「Meanwhile, ピアゴ穂積店 was closed to improve operating efficiency.」
1 store was closed to improve operating efficiency, and ¥70 million in losses on store closures was recorded. - FY2019-Q3MaterialisedAnnual report
「Meanwhile, ドイト八千代16号バイパス店 and 9 other stores were closed to improve operating efficiency and for other reasons.」
9 stores were closed to improve operating efficiency and for other reasons, and ¥1,721 million in losses on store closures was recorded. - FY2019-Q2MaterialisedAnnual report
「Meanwhile, ドイト八千代16号バイパス店, 同日ノ出町店 and ドン・キホーテ狭山店 were closed to improve operating efficiency.」
3 stores were closed to improve operating efficiency, and ¥75 million in losses on store closures was recorded. Withdrawals from unprofitable and inefficient stores have continued. - FY2019-Q1MaterialisedAnnual report
「Meanwhile, ドイト ウィズリ・ホーム八千代16号バイパス店 was closed to improve operating efficiency.」
Store closures were carried out to improve operating efficiency, and withdrawals from unprofitable and inefficient stores have continued in practice. - FY2018-Q3MaterialisedAnnual report
「Meanwhile, ドン・キホーテ和光店 was closed for a land readjustment project, Ward店 (Hawaii, USA) for area redevelopment, and ドン・キホーテ神保町靖国通り店 and 驚安堂梅島駅前店 to improve operating efficiency.」
4 stores were closed during the nine-month period, and ¥126 million in losses on store closures was recorded. Store closures related to unprofitability, redevelopment and other factors have continued in practice. - FY2017MaterialisedAnnual report
「Meanwhile, MEGA山下公園店 was closed for rebuilding, パウ金沢店 and ドン・キホーテ渋谷店 were closed for relocation, and ドン・キホーテ静岡松富店 and 同大曲店 were closed to improve operating efficiency.」
5 stores were closed during the year for rebuilding, relocation and operating-efficiency improvements, and ¥959 million in losses on store closures was recorded. - FY2017-Q3MaterialisedAnnual report
「Losses on store closures 592」
Losses on store closures of ¥592 million were recorded as extraordinary losses for the nine-month consolidated period. - FY2017-Q1MaterialisedAnnual report
「Meanwhile, ドン・キホーテ静岡松富店 was closed, as were MEGA山下公園店 for rebuilding and パウ金沢店 for relocation.」
3 stores were closed in the first quarter, and ¥21 million in losses on store closures was recorded in the quarterly income statement. - FY2016MaterialisedAnnual report
「If newly opened stores fail to generate earnings as initially planned and a recovery in performance cannot be achieved despite efforts to increase sales through management initiatives and reduce selling, general and administrative expenses, the policy is to withdraw from those stores.」
The company indicated a policy of withdrawing from unprofitable stores and recorded ¥1,197 million in losses on store closures in FY2016.