Review of Unprofitable Businesses and Stores and Store Closures
First written in FY2017. 8 of 18 entries say "Advanced", first in FY2018. Latest entry: FY2026.
22 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Recognizing that this would help realize the company’s policy of “selectivity and concentration” and improve COEN’s profitability, the company decided to transfer all of its shares in COEN.」
With respect to the review of unprofitable businesses and stores and the pursuit of selectivity and concentration, the company transferred all of its shares in COEN and streamlined its business portfolio. - FY2025Increase in impairment losses at unprofitable storesAnnual report
「During the fiscal year under review, the company recognized impairment losses of ¥543 million on 20 operating stores.」
In connection with the review of unprofitable stores and other operations, the number of stores subject to impairment increased from 7 stores and ¥228 million in the previous fiscal year to 20 stores and ¥543 million. - FY2023AdvancedAnnual report
「Regarding store openings and closures, the company opened 1 store and closed 3 in the trend market, opened 2 and closed 1 in the mid-trend market, and opened 1 and closed 1 at outlets. As a result, the number of retail stores at the end of the fiscal year under review was 189, and the total number of stores, including outlets, was 215.」
The company continued to scrutinize unprofitable stores and other operations and closed 19 stores during the full fiscal year. The number of stores subject to impairment losses also declined from 82 in the previous fiscal year to 14 in the current fiscal year, reflecting concrete progress in store rationalization. - FY2023-Q2AdvancedAnnual report
「This was mainly due to a ¥98 million increase in intangible fixed assets related to preparations for renewing the core systems, while tangible fixed assets decreased by ¥293 million due to impairment losses recognized after identifying unprofitable stores and depreciation, among other factors. Deposits paid decreased by ¥420 million as a result of store closures.」
The company recognized impairment losses and closed stores after identifying unprofitable locations, and continues to review the profitability of its stores and businesses. - FY2022AdvancedAnnual report
「To ensure achievement of the operating profit productivity plan, which was designated as the first priority initiative, the company thoroughly scrutinized unprofitable stores, labels, businesses and other operations, and closed 26 stores on a consolidated basis during the fiscal year under review. At the end of the fiscal year ended March 2022, the number of consolidated stores was 310, representing a reduction of approximately 14% from the end of the fiscal year ended March 2020, before the COVID-19 pandemic. The company stated that it had reached a certain point in its review of unprofitable stores and other operations.」
The company expanded the scope of its review of unprofitable businesses and stores to include labels, closed 26 stores, and reduced the consolidated store count by approximately 14%. It stated that it had reached a certain point in its review. - FY2022-Q3AdvancedAnnual report
「To ensure achievement of the operating profit productivity plan, which was designated as the first priority initiative, the company continues to scrutinize unprofitable businesses, labels, stores and other operations. During the nine-month consolidated period under review, it closed 11 stores on a consolidated basis. Management efficiency is being improved by assigning employees from the closed stores to priority areas such as strengthening existing stores and the online sales division.」
The company continued to include labels in the scope of its review of unprofitable businesses and stores, and closed 11 stores. Measures to reassign employees from the closed stores to existing-store reinforcement and the online sales division are also taking concrete form. - FY2022-Q2RestatedAnnual report
「The company continues to scrutinize unprofitable businesses, stores, labels and other operations in order to raise productivity through selectivity and concentration.」
As part of its selectivity and concentration strategy, the company continues to scrutinize unprofitable businesses, stores and labels. - FY2022-Q1RaisedAnnual report
「To ensure achievement of the operating profit productivity plan, which was designated as the first priority initiative, the company continues to scrutinize unprofitable businesses, stores and labels.」
The company explicitly added labels to the scope of its review of unprofitable businesses and stores, thereby expanding the scope of the review. - FY2021AdvancedAnnual report
「Under the initiative to “fundamentally review the earnings structure,” the company will close or consolidate unprofitable subsidiaries, businesses and stores, undertake structural reforms of the head-office organization, change personnel measures, and improve the gross profit margin by increasing inventory efficiency, thereby transforming the business into a more profitable structure.」
In addition to scrutinizing existing unprofitable stores and businesses, the company expanded the scope to include the disposal and consolidation of unprofitable subsidiaries and structural reforms of the head-office organization and personnel measures. - FY2021-Q3RestatedAnnual report
「With regard to management foundation reform, we are strengthening governance, reviewing unprofitable businesses and stores, and advancing environmental and equipment improvements aimed at increasing productivity, with the goal of establishing a strong management foundation.」
The company continues to strengthen governance, review unprofitable businesses and stores, and create the conditions for higher productivity as measures to reform its management platform. - FY2021-Q1RestatedAnnual report
「With regard to management foundation reform, we are strengthening governance, reviewing unprofitable businesses and stores, and advancing environmental and equipment improvements aimed at increasing productivity, with the goal of establishing a strong management foundation.」
The company has identified strengthening governance, reviewing unprofitable businesses and stores, and creating the conditions for higher productivity as ongoing measures to reform its management platform. - FY2020AdvancedAnnual report
「Regarding store openings and closures, the First Business Division opened 7 stores and closed 10, the Second Business Division opened 7 and closed 4, and the outlet business opened 1 store. As a result, the number of retail stores at the end of the current consolidated fiscal year was 214, and the total number of stores, including outlets, was 241.」
While continuing to open stores in the core businesses and outlets, the Company also closed stores, including in the core businesses, and made concrete progress in reviewing store profitability and its store portfolio. - FY2019RestatedAnnual report
「During the current consolidated fiscal year, we continued reviewing unprofitable initiatives, considering the closure of stores that had fulfilled their roles, reviewing operations in indirect departments, and working toward standardization and greater efficiency to improve the health of our earnings structure.」
The Company continued to review unprofitable initiatives, consider closing stores that had fulfilled their roles and review indirect departments. - FY2019-Q3RestatedAnnual report
「During the current consolidated fiscal year, we continued reviewing unprofitable initiatives, considering the closure of stores that had fulfilled their roles, reviewing operations in indirect departments, and working toward standardization and greater efficiency to improve the health of our earnings structure.」
The Company continues to review unprofitable initiatives, consider closing stores that have fulfilled their roles, and review, standardise and streamline indirect departments. - FY2019-Q2RestatedAnnual report
「During the current consolidated fiscal year, we continued reviewing unprofitable initiatives, considering the closure of stores that had fulfilled their roles, reviewing operations in indirect departments, and working toward standardization and greater efficiency to improve the health of our earnings structure.」
The Company continues to review unprofitable initiatives, consider closing stores that have fulfilled their roles and review indirect departments. - FY2019-Q1RestatedAnnual report
「During the current consolidated fiscal year, we continued reviewing unprofitable initiatives, considering the closure of stores that had fulfilled their roles, reviewing operations in indirect departments, and working toward standardization and greater efficiency to improve the health of our earnings structure.」
The Company continues to review unprofitable initiatives and consider closing stores that have fulfilled their roles. - FY2018AdvancedAnnual report
「In the fiscal year ending March 2019, we will continue to review unprofitable initiatives, close stores that have fulfilled their roles, and review, standardise and streamline the operations of indirect departments, with the aim of improving the health of our profit structure.」
The Company continued reviewing unprofitable initiatives and considering the closure of stores that had fulfilled their roles, and closed 33 stores during the full fiscal year. It did not state that the identification of unprofitable businesses had been completed. - FY2017First statedAnnual report
「We have been identifying unprofitable stores and closing them where necessary since the previous fiscal year. In addition, we will reach a conclusion on the identification of unprofitable businesses during the first year of the medium-term plan, the fiscal year ending March 2018.」
The Company explicitly stated plans to continue closing unprofitable stores and reach a conclusion on identifying unprofitable businesses during the fiscal year ending March 2018.