Komori
Workman (7564) · FactSoftened

Franchise Store-Centered Sales Mix

First written in FY2018-Q1. 13 of 34 entries say "Softened", first in FY2024-Q1. Latest entry: 2026-08-03.

34entries
10years
5from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q1 – FY2019AdvancedFY2020-Q1 – FY2022-Q2RestatedFY2022-Q3 – FY2023SoftenedFY2024-Q1 – 2026-08-032017: 220172018: 420182019: 420192020: 320202021: 420212022: 320222023: 320232024: 320242025: 220252026: 62026
Same theme, other companies
Performance volatility from changes in the mix of franchise and company-operated storesA theme 2 companies write about · 1 as a headwind · 0 as a tailwind

Workman moved to the "Worse" side of this theme in 2024.

0 other companies' latest entry also says "Softened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026SoftenedAnnual report

    「Sales by operating format were ¥18.4837 billion for franchise stores, up 11.4% year on year and accounting for 88.3% of chainwide sales, and ¥2.4396 billion for company-operated stores, up 41.7% and accounting for 11.7%.」

    The sales mix remains centered on franchise stores, but their share declined from 90.6% in the previous year to 88.3%, while the share of company-operated stores rose to 11.7%.
  2. FY2026-H1SoftenedAnnual report

    「Sales by operating format were ¥9.0389 billion for franchise stores, up 8.7% year on year and accounting for 89.0% of chainwide sales, and ¥1.1184 billion for company-operated stores, up 39.4% and accounting for 11.0%.」

    The sales mix remains centered on franchise stores, but their share declined from 91.2% in the same period of the previous year to 89.0%, while the share of company-operated stores rose to 11.0%.
  3. FY2025SoftenedAnnual report

    「Sales by operating format were ¥16.5917 billion for franchise stores, up 3.1% year on year and accounting for 90.6% of chainwide sales, and ¥1.7215 billion for company-operated stores, up 20.2% and accounting for 9.4%.」

    The sales mix remains centered on franchise stores, but their share declined from 91.8% in the previous fiscal year to 90.6%, while the share of company-operated stores rose to 9.4%.
  4. FY2025-H1SoftenedAnnual report

    「Sales by operating format were ¥8.3184 billion for franchise stores, up 3.9% year on year and accounting for 91.2% of chainwide sales, and ¥802.4 million for company-operated stores, up 24.1% and accounting for 8.8%.」

    The sales mix remains centered on franchise stores, but their share declined from 93.9% in the same period of the previous year to 91.2%, while the share of company-operated stores rose to 8.8%.
  5. FY2024SoftenedAnnual report

    「Sales by operating format were ¥16.0926 billion for franchise stores, up 1.3% year on year and accounting for 91.8% of chainwide sales, and ¥1.4323 billion for company-operated stores, up 30.6% and accounting for 8.2%.」

    The sales mix remains centered on franchise stores, but their share declined from 93.5% in the same period of the previous year to 91.8%, while the share of company-operated stores rose to 8.2%.
  6. FY2024-Q3SoftenedAnnual report

    「Sales by operating format were ¥13.0067 billion for franchise stores, up 0.6% year on year and accounting for 92.0% of chainwide sales, and ¥1.13 billion for company-operated stores, up 31.2% and accounting for 8.0%.」

    The sales mix remains centered on franchise stores, but their share of chainwide sales declined from 93.6% in the same period of the previous year to 92.0%.
  7. FY2024-Q2SoftenedAnnual report

    「Sales by operating format were ¥8.0029 billion for franchise stores, up 4.1% year on year and accounting for 92.5% of chainwide sales, and ¥646.8 million for company-operated stores, up 28.9% and accounting for 7.5%.」

    The sales mix remains centered on franchise stores, but their share of chainwide sales declined from 93.9% in the same period of the previous year to 92.5%.
  8. FY2024-Q1SoftenedAnnual report

    「Sales by operating format were ¥4.4105 billion for franchise stores, up 2.4% year on year and accounting for 92.1% of chainwide sales, and ¥380.6 million for company-operated stores, up 25.9% and accounting for 7.9%.」

    The sales mix remains centered on franchise stores, but their share of chainwide sales declined from 93.5% at the end of the previous fiscal year to 92.1%.
  9. FY2023RestatedAnnual report

    「Sales by operating format were ¥15.8891 billion for franchise stores, up 8.3% year on year and accounting for 93.5% of chainwide sales, and ¥1.0965 billion for company-operated stores, up 10.7% and accounting for 6.5%.」

    Franchise stores accounted for 93.5% of chainwide sales, and the sales mix remains centered on franchisees.
  10. FY2023-Q2RestatedAnnual report

    「Sales by operating format were ¥7.691 billion for franchise stores, up 11.0% year on year and accounting for 93.9% of chainwide sales, and ¥501.7 million for company-operated stores, up 11.8% and accounting for 6.1%.」

    Franchise stores accounted for 93.9% of chainwide sales, and the sales mix remains centered on franchisees.
  11. FY2022RestatedAnnual report

    「The operating-format breakdown was 903 franchise stores, an increase of 42 from the end of the previous fiscal year, including stores operating under Franchise Agreement A, and 41 company-owned stores, a decrease of 4, including stores operating under Franchise Agreement B, training stores and shopping-center stores.」

    There were 903 franchise stores and 41 company-owned stores, with the operating structure continuing to center on franchise stores.
  12. FY2022-Q3RestatedAnnual report

    「Sales by operating format were ¥11.7901 billion for franchise stores, accounting for 93.6% of chain-wide sales, and ¥806.1 million for company-owned stores, accounting for 6.4% of chain-wide sales.」

    Franchise stores accounted for 93.6% of chain-wide sales, with the sales mix continuing to center on franchise stores.
  13. FY2022-Q2AdvancedAnnual report

    「Sales by operating format were ¥6.9269 billion for franchise stores, accounting for 93.9% of chain-wide sales, and ¥448.7 million for company-owned stores, accounting for 6.1% of chain-wide sales.」

    The franchise-store share of chain-wide sales reached 93.9%, up from 93.5% at the end of the previous fiscal year.
  14. FY2022-Q1AdvancedAnnual report

    「Sales by operating format were ¥3.7361 billion for franchise stores, accounting for 93.8% of chain-wide sales, and ¥248.9 million for company-owned stores, accounting for 6.2% of chain-wide sales.」

    Franchise stores accounted for 93.8% of chain-wide sales, with the sales mix continuing to center on franchise stores.
  15. FY2021AdvancedAnnual report

    「Sales by operating format were ¥13.7086 billion for franchise stores, up 20.9% year on year and accounting for 93.5% of chain-wide sales, and ¥956.6 million for company-owned stores, up 10.2% and accounting for 6.5% of chain-wide sales.」

    The franchise-store share of chain-wide sales reached 93.5%, further shifting the sales mix toward franchise stores.
  16. FY2021-Q3AdvancedAnnual report

    「Sales by operating format were ¥11.0067 billion for franchise stores, up 23.2% year on year and accounting for 93.5% of chain-wide sales, and ¥762.9 million for company-owned stores, up 6.6% and accounting for 6.5% of chain-wide sales.」

    The franchise-store share of chain-wide sales reached 93.5%, further shifting the sales mix toward franchise stores.
  17. FY2021-Q2AdvancedAnnual report

    「Sales by operating format were ¥6.4308 billion for franchise stores, up 25.8% year on year and accounting for 94.2% of chain-wide sales, and ¥398.0 million for company-owned stores, down 5.9% and accounting for 5.8% of chain-wide sales.」

    The franchise-store share of chain-wide sales reached 94.2%, further increasing from 89.7% at the end of the previous fiscal year.
  18. FY2020AdvancedAnnual report

    「Sales by operating format were ¥11.3363 billion for franchise stores, up 35.9% year on year and accounting for 92.9% of chain-wide sales, and ¥868.1 million for company-owned stores, down 9.5% and accounting for 7.1% of chain-wide sales.」

    The franchise-store share of chain-wide sales rose from 89.7% in the previous fiscal year to 92.9%, further shifting the sales mix toward franchise stores.
  19. FY2020-Q3AdvancedAnnual report

    「Sales by operating format were ¥8.9342 billion for franchise stores, up 36.4% year on year and accounting for 92.6% of chain-wide sales, and ¥715.9 million for company-owned stores, down 5.2% and accounting for 7.4% of chain-wide sales.」

    Franchise stores accounted for 92.6% of chain-wide sales, up from 89.7% in the previous fiscal year.
  20. FY2020-Q2AdvancedAnnual report

    「Sales by operating format were ¥5.1110 billion for franchise stores, up 35.6% year on year and accounting for 92.4% of chain-wide sales, and ¥422.8 million for company-owned stores, up 1.6% and accounting for 7.6% of chain-wide sales.」

    Franchise stores accounted for 92.4% of chain-wide sales, up from 89.7% in the previous fiscal year and 88.8% in the same period of the previous year.
  21. FY2020-Q1AdvancedAnnual report

    「Sales by operating format were ¥2.6362 billion for franchise stores, up 34.8% year on year and accounting for 91.4% of chain-wide sales, and ¥249.5 million for company-owned stores, up 17.7% and accounting for 8.6% of chain-wide sales.」

    Franchise stores accounted for 91.4% of chain-wide sales, up from 89.7% in the previous fiscal year.
  22. FY2019RestatedAnnual report

    「Sales were ¥8.3444 billion for franchise stores, up 17.4% year on year and accounting for 89.7% of chain-wide sales, and ¥959.5 million for company-owned stores, up 11.5% and accounting for 10.3% of chain-wide sales.」

    Franchise stores accounted for 89.7% of chain-wide sales and company-owned stores for 10.3%, with the sales mix continuing to center on franchise stores.
  23. FY2019-Q3RestatedAnnual report

    「Sales by operating format were ¥6.5476 billion for franchise stores, up 17.7% year on year and accounting for 89.7% of chain-wide sales, and ¥755.0 million for company-owned stores, up 11.2% and accounting for 10.3% of chain-wide sales.」

    Franchise stores accounted for 89.7% of chain-wide sales and company-owned stores for 10.3%, with the sales mix continuing to center on franchise stores.
  24. FY2019-Q2RestatedAnnual report

    「Sales by operating format were ¥3.7690 billion for franchise stores, up 14.8% year on year and accounting for 90.1% of chain-wide sales, and ¥416.0 million for company-owned stores, up 0.5% and accounting for 9.9% of chain-wide sales.」

    Franchise stores accounted for 90.1% of chain-wide sales and company-owned stores for 9.9%, with the sales mix continuing to center on franchise stores.
  25. FY2019-Q1RestatedAnnual report

    「Sales by operating format were ¥1.9555 billion for franchise stores, up 10.5% year on year and accounting for 90.2% of chain-wide sales, and ¥212.0 million for company-owned stores, down 5.7% and accounting for 9.8% of chain-wide sales.」

    Franchise stores accounted for 90.2% of chain-wide sales and company-owned stores for 9.8%, with the sales mix continuing to center on franchise stores.
  26. FY2018RestatedAnnual report

    「Sales were ¥7.1098 billion for franchise stores, up 7.2% year on year and accounting for 89.2% of chain-wide sales, and ¥860.4 million for company-owned stores, up 8.2% and accounting for 10.8% of chain-wide sales.」

    The company is reconfirming a sales mix centered on franchise stores, which accounted for 89.2% of chain-wide sales.
  27. FY2018-Q3RestatedAnnual report

    「Sales by operating format were ¥5.5651 billion for franchise stores, up 6.8% year on year and accounting for 89.1% of chain-wide sales, and ¥678.9 million for company-owned stores, up 12.0% and accounting for 10.9% of chain-wide sales.」

    Franchise stores accounted for 89.1% of chain-wide sales and company-owned stores for 10.9%, with the sales mix continuing to center on franchise stores.
  28. FY2018-Q2RestatedAnnual report

    「Sales by operating format were ¥3.2817 billion for franchise stores, up 2.7% year on year and accounting for 88.8% of chain-wide sales, and ¥413.8 million for company-owned stores, up 17.2% and accounting for 11.2% of chain-wide sales.」

    Franchise stores accounted for 88.8% of chain-wide sales and company-owned stores for 11.2%, with the sales mix continuing to center on franchise stores.
  29. FY2018-Q1First statedAnnual report

    「Sales by operating format were ¥1.7702 billion for franchise stores, up 2.3% year on year and accounting for 88.7% of chain-wide sales, and ¥224.7 million for company-owned stores, up 21.8% and accounting for 11.3% of chain-wide sales.」

    Franchise stores accounted for 88.7% of chain-wide sales and company-owned stores for 11.3%, showing a sales mix centered on franchise stores.
Moved together

"Sales and profit growth accompanied by store network expansion" moved the same way as this thread, in the same document, in 13 of its 34 moves.

131310999★123456
  1. ★This thread
  2. 1Sales and profit growth accompanied by store network expansion13×
  3. 2High Equity Ratios and a Financial Base Built Through Internal Accumulation13×
  4. 3Deterioration in Cash Flow from Operating Activities Due to Increases in Inventory and Merchant Loan Receivables10×
  5. 4Differentiation from competitors through the development of private-brand products9×
  6. 5Developing New Customer Segments through the Workman Plus Project9×
  7. 6Expansion of the store network and strengthening of the dominant position in Kanto and Kinki9×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Workman yet. It last moved in the Earnings presentation of 2026-08-03: "Softened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.