Building a New Beauty Revenue Model After Restructuring Unprofitable Stores
First written in FY2018-Q3. 10 of 13 entries say "Advanced", first in FY2018. Latest entry: FY2023-Q2.
No other company in this theme has enough history to compare yet.
- FY2023-Q2AdvancedAnnual report
「In January 2022, the company opened a collaboration store operated by ＹＨＣ美容 and みうら, and in July 2022 it changed the business format from ＹＨＣ美容 to Ｌ.Ｂ.Ｇ, among other cross-segment initiatives that have been advanced.」
For the new revenue model in the beauty business, the company advanced cross-segment initiatives including opening a collaboration store operated by YHC美容 and みうら and changing the business format from YHC美容 to L.B.G. - FY2022AdvancedAnnual report
「The company is also opening new stores combining nail and beauty salon services to improve earnings power.」
The company opened a new store combining nail and beauty salon services, as planned in the previous quarter. - FY2022-Q3AdvancedAnnual report
「The Company also plans to open new stores combining nail and beauty salons and is working to improve earning power.」
The company has fleshed out plans to open new stores combining nail and beauty salon services as part of a new beauty-sector revenue model following the streamlining of unprofitable stores. - FY2021Cited as achievedAnnual report
「In the beauty business, customer traffic was affected by the issuance of two states of emergency. The Company strengthened infection-control measures, including thorough store hygiene management, staff health management, and customer appointment management, to enable customers to visit stores with confidence, while gradually extending operating hours, and customer traffic generally followed a recovery trend. Although 株式会社Ｌ.Ｂ.Ｇ, which became a consolidated subsidiary in the second half of the previous fiscal year, contributed to revenue, revenue was ¥2.119 billion, down 4.7% year on year, partly because sales of dressing services remained sluggish following the cancellation and postponement of coming-of-age and graduation ceremonies due to the reissuance of a state of emergency in 2021 and the implementation of priority preventive measures to prevent the spread of disease.」
In the beauty business, L.B.G's contribution was reflected in full-year results, while sales of dressing services remained sluggish because ceremonies were cancelled or postponed due to the infectious disease, resulting in a 4.7% year-on-year decline in revenue. - FY2021-Q1Cited as achievedAnnual report
「In the beauty business, revenue was ¥441 million, down 7.7% year on year, and the segment loss was ¥15 million, compared with a segment loss of ¥1 million in the same period of the previous fiscal year. Although 株式会社Ｌ.Ｂ.Ｇ, which became a consolidated subsidiary in the third quarter of the previous fiscal year, contributed to higher revenue, revenue was affected by the implementation of business restrictions, including closures and reduced operating hours, following the declaration of a state of emergency.」
While the expansion of the beauty business's service formats through the consolidation of 株式会社Ｌ.Ｂ.Ｇ was cited as a factor behind higher revenue, the beauty business recorded a loss due to the impact of business restrictions related to the infectious disease. - FY2020AdvancedAnnual report
「In the beauty business, revenue was ¥2.223 billion, up 14.2% year on year, supported by contributions from 株式会社みうら, which became a subsidiary in the previous fiscal year, and 株式会社Ｌ.Ｂ.Ｇ, which became a subsidiary in October 2019.」
Revenue increased 14.2% year on year as the beauty business expanded its service formats, including the consolidation of L.B.G, while a segment loss of ¥23 million was recorded due to integration costs and other expenses. - FY2020-Q3AdvancedAnnual report
「Revenue was ¥1.589 billion, up 5.7% year on year, supported by stronger product sales in the existing beauty business and contributions from 株式会社みうら, which became a subsidiary in the second quarter of the previous fiscal year, and 株式会社Ｌ.Ｂ.Ｇ, which became a subsidiary in the third quarter of the current fiscal year.」
For the beauty revenue model following the closure of unprofitable stores, the Company consolidated 株式会社Ｌ.Ｂ.Ｇ and expanded its operations by adding 15 beauty salons. Revenue in the beauty business also increased 5.7% year on year. - FY2020-Q2AdvancedAnnual report
「Acquisition of 株式会社Ｌ.Ｂ.Ｇ (1) Name and business of the acquired company. Name of acquired company: 株式会社Ｌ.Ｂ.Ｇ. Business: operation of beauty salons. (2) Main reason for the business combination: to expand the beauty business.」
For the beauty revenue model following the closure of unprofitable stores, the Company acquired and exercised voting rights representing 52% of 株式会社Ｌ.Ｂ.Ｇ, which operates beauty salons, and proceeded with expanding its service formats. - FY2019-Q3AdvancedAnnual report
「In the beauty business, the Company opened 1 new store and closed 1 store during the first nine months of the current consolidated fiscal year. In addition, 株式会社みうら, which operates 3 nail salons in Tokyo, became a consolidated subsidiary on 1 July 2018.」
For the beauty revenue model following the closure of unprofitable stores, the Company opened 1 new store and closed 1 store, while continuing to consolidate 株式会社みうら, which operates 3 nail salons. - FY2019-Q2AdvancedAnnual report
「In addition, effective 1 July 2018, 株式会社みうら, which operates 3 nail salons in Tokyo, became a consolidated subsidiary.」
For the beauty revenue model following the closure of unprofitable stores, the Company consolidated a company operating 3 nail salons in Tokyo and expanded its service formats. - FY2019-Q1AdvancedAnnual report
「In the beauty business, the Company opened 1 new mid- to high-priced salon in the Kansai region during the quarter, but」
For the beauty revenue model following the closure of unprofitable stores, the Company opened 1 mid- to high-priced salon in the Kansai region and continued its store-opening program. - FY2018AdvancedAnnual report
「Revenue in the beauty business had continued to decline due to store closures since previous fiscal years, but the closure of unprofitable stores was completed during the current fiscal year and the Company opened new stores for the first time in 6 years.」
Completion of the closure of unprofitable stores and the opening of new stores for the first time in 6 years moved the construction of a new beauty business revenue model from the planning stage into concrete implementation. - FY2018-Q3First statedAnnual report
「To build a new revenue model after completing the closure of unprofitable stores, the Company opened 2 new stores in the Kanto region during the third quarter.」
With the aim of building a new revenue model for the beauty business after completing the closure of unprofitable stores, the Company opened 2 new stores in the Kanto region.