FY2018 revenue target: ¥33.0 billion

「Because growth is expressed directly and clearly, we use revenue, operating profit, and the number of stores at fiscal year-end as objective indicators for assessing progress toward management targets.」

「Actual results were revenue of ¥32.071 billion, operating profit of ¥1.366 billion, and 90 stores. Revenue and the number of stores fell short of plan because we pursued a store scrapping-and-building program involving numerous closures, but operating profit significantly exceeded target due to the reduction of unprofitable stores and, in particular, improvements in store operations during the consolidated fiscal year affected by COVID-19. For FY2023, we set targets of revenue of ¥38.0 billion, operating profit of ¥1.750 billion, and 105 stores at fiscal year-end.」

「Against targets for the second year of the plan of revenue of ¥31.1 billion, operating profit of ¥900 million, and 95 stores at fiscal year-end, actual results were revenue of ¥30.708 billion, operating profit of ¥1.142 billion, and 86 stores. We worked to build a lean store network and closed underperforming stores while carefully reviewing new-store opportunities, opening 3 stores and closing 6. Consequently, revenue and the number of stores fell below target, while operating profit exceeded target, partly due to the earnings improvement resulting from closing underperforming stores.」

「Against targets for the first year of the plan of revenue of ¥29.2 billion and 90 stores at fiscal year-end, actual results were revenue of ¥29.183 billion and 89 stores, while we worked to build a lean store network, opening 8 stores and closing 7.」

「Amid this business environment, under the newly formulated medium-term management plan for FY2018–FY2020, our Group set “Restoring 魚力’s Vibrancy and Prosperity” as its management goal and worked on the basic strategies in each business area, including sales and procurement, new businesses, human resources and finance.」

「To evaluate the progress of our management strategy from a growth perspective, we set revenue and the number of stores at fiscal year-end as medium-term targets in a medium-term management plan covering FY2016 through FY2018: revenue of ¥33.0 billion for FY2018 and 140 stores at the end of that fiscal year. Against the targets for the current consolidated fiscal year of revenue of ¥30.5 billion and 104 stores at fiscal year-end, actual results were revenue of ¥27.517 billion and 88 stores. Amid these circumstances, and to respond to the increasingly challenging business environment, we formulated a new medium-term management plan covering FY2018 through FY2020, although the previous plan was still in progress. Revenue was set as the medium-term target at ¥29.2 billion for FY2018, ¥31.1 billion for FY2019, and ¥33.0 billion for FY2020.」

「To evaluate the progress of our management strategy from a growth perspective, we set revenue and the number of stores at fiscal year-end as medium-term targets: revenue of ¥33.0 billion for FY2018 and 140 stores at the end of that fiscal year.」