Tightening Criteria for Opening and Closing Company-Operated Stores with a Focus on Profitability and Capital Efficiency
First written in FY2020-Q3. 14 of 19 entries say "Advanced", first in FY2020. Latest entry: 2026-10-14.
1 other company's latest entry also says "Raised".
- 2026-10-14RaisedRevision of earnings forecasts
「売上高につきましては、資本効率を重視した大型店舗の新規出店計画を期初想定の 10 店舗から 13 店舗へ上方修正したこと、ならびに通期の卸売販売台数の増加見通しを反映し、前回発表予想の 6,290 億円から 6,550 億円へ上方修正いたします。」
資本効率を重視した大型店舗の新規出店計画が10店舗から13店舗へ上方修正され、出店計画の規模が拡大した。 - FY2026AdvancedAnnual report
「During the current consolidated fiscal year, the group made ¥11,158 million in capital expenditures, primarily for new directly operated stores. Reporting company Directly operated stores 12 stores Planned investment: ¥5,400 million Service centers 3 locations Planned investment: ¥600 million」
The company made annual capital expenditures of ¥11,158 million, primarily for large-format stores and service centers, and also disclosed plans to establish 12 directly operated stores and 3 service centers during the fiscal year ending February 2027. - FY2026-H1AdvancedAnnual report
「Property, plant and equipment totaled ¥63,359 million, up 13.8% from the end of the previous fiscal year, mainly due to increases of ¥3,359 million in vehicles and ¥2,838 million in buildings and structures in connection with large-format store openings and other factors, as well as an increase of ¥1,095 million in construction in progress.」
In connection with large-format store openings and other factors, buildings and structures increased by ¥2,838 million and construction in progress increased by ¥1,095 million, confirming progress in the large-format store rollout through the increase in fixed assets. - FY2025AdvancedAnnual report
「Reporting company Directly operated stores 15 stores Japan Stores 4,800 495 Internal funds During March 2024–February 2026 fiscal year Service centers 10 locations Japan Service centers 1,600 250 Internal funds During March 2024–February 2026 fiscal year」
Completion of 15 large-format stores and 10 service centers is scheduled during the fiscal year ending February 2026, with planned investments of ¥4.8 billion and ¥1.6 billion, respectively. The investment plan for large-format stores and service centers continues to take concrete shape. - FY2025-H1AdvancedAnnual report
「Property, plant and equipment totaled ¥51,921 million, up 4.4% from the end of the previous fiscal year, mainly due to increases of ¥471 million in tools, furniture and fixtures and ¥1,736 million in construction in progress.」
For fixed assets related to large-format store openings and other factors, tools, furniture and fixtures increased by ¥471 million and construction in progress increased by ¥1,736 million. Asset formation associated with the large-format store rollout is progressing. - FY2025-Q1AdvancedAnnual report
「Property, plant and equipment totaled ¥51,382 million, up 3.3% from the end of the previous fiscal year, mainly due to increases of ¥830 million in buildings and structures and ¥429 million in construction in progress in connection with large-format store openings and other factors.」
In connection with large-format store openings and other factors, buildings and structures increased by ¥830 million and construction in progress increased by ¥429 million. Progress in the large-format store opening plan is reflected in asset formation. - FY2024RaisedAnnual report
「Directly operated stores 15 stores Planned investment: ¥4,500 million During March 2023–February 2025 fiscal year Service centers 10 stores Planned investment: ¥2,000 million During March 2023–February 2025 fiscal year」
The number of locations covered by the large-format store and service center investment plan expanded from the previous plan of 10 directly operated stores and 7 service centers and related facilities to 15 directly operated stores and 10 service centers. - FY2024-Q3RaisedAnnual report
「Compared with the previous forecast, selling, general and administrative expenses are expected to continue increasing due to higher personnel expenses, as new openings of large-format stores are expected to increase in the second half and the next fiscal year.」
Compared with the previous forecast, the outlook was revised to reflect an expected increase in new openings of large-format stores in the second half and the next fiscal year. The company indicated plans to expand large-format store openings and expected personnel expenses to increase accordingly. - FY2023AdvancedAnnual report
「Reporting company Directly operated stores 10 stores Planned investment: ¥2,000 million During September 2022–February 2024 fiscal year Service centers/body shops 7 locations Planned investment: ¥3,200 million During September 2022–February 2024 fiscal year」
The plan expanded from 7 to 10 directly operated stores and from 6 to 7 service centers and body shops. Planned investment was specified at ¥2.0 billion for stores and ¥3.2 billion for service centers and body shops. - FY2022AdvancedAnnual report
「3. The company recorded ¥378 million as a loss on the disposal of fixed assets in connection with the closure of directly operated stores.」
The company closed directly operated stores and recorded a ¥378 million loss on the disposal of fixed assets. The annual results confirm the implementation of store closure measures focused on store efficiency and capital efficiency. - FY2022-Q3RestatedAnnual report
「③ The company recorded ¥227 million as a loss on the disposal of fixed assets in connection with the closure of directly operated stores.」
Store efficiency initiatives through the closure of directly operated stores are continuing. The company recorded a ¥227 million loss on the disposal of fixed assets in connection with the closures. - FY2022-Q2AdvancedAnnual report
「The company has positioned the development of large used-vehicle stores with high capital efficiency and the development of service centers equipped with the latest facilities as the pillars of its future domestic growth strategy. To concentrate management resources and further advance these initiatives, it decided to withdraw from its BMW and MINI new-vehicle dealership business in Asahikawa, Hokkaido, and western Chiba Prefecture.」
As part of its investment and withdrawal decisions with a focus on capital efficiency, the company decided to withdraw from the new-car dealership business and established a direction of concentrating management resources on large used-car stores and service centers. The share transfer was completed on 30 September and 1 October 2021. - FY2021AdvancedAnnual report
「The company recorded these losses as a result of closing directly operated stores while pursuing store efficiency initiatives.」
The company closed directly operated stores and pursued store efficiency initiatives. As a result, retail unit sales at directly operated stores in Japan increased 3.3% year on year, and the company indicated a policy of gradually accelerating new openings of large-format stores. - FY2021-Q3AdvancedAnnual report
「In addition, as the company pursued store efficiency initiatives and closed directly operated stores, it recorded losses on the disposal of fixed assets and store closure losses as extraordinary losses.」
The company pursued store efficiency initiatives and closed directly operated stores. It also stated that these initiatives had been effective in retail unit sales. - FY2021-Q2AdvancedAnnual report
「In addition, as the company pursued store efficiency initiatives and brought forward store closures after taking into account the impact of COVID-19, losses on the disposal of fixed assets and store closure losses recorded as extraordinary losses increased.」
As part of its store efficiency initiatives, the company brought forward store closures after taking into account the impact of COVID-19. - FY2020AdvancedAnnual report
「During the fiscal year, under a management policy of making investment and withdrawal decisions with a focus on capital efficiency and establishing a foundation for the next stage of growth, the company closed some directly operated stores, reviewed the introduction of business systems, scaled back its New Zealand operations, and withdrew from its China operations, for which it had been considering a full-scale rollout.」
The company made investment and withdrawal decisions with a focus on capital efficiency, closing some stores, reviewing the introduction of systems, scaling back its New Zealand operations, and withdrawing from its China operations. - FY2020-Q3First statedAnnual report
「The criteria for opening and closing directly operated stores have been tightened, and the company is proceeding with the closure of stores with low profitability and capital efficiency.」
A policy of tightening the opening and closure criteria for directly operated stores and proceeding with the closure of stores with low profitability or capital efficiency was mentioned for the first time.