Rationalizing Unprofitable Overseas Stores and Reopening Stores in Malaysia
First written in FY2017-Q3. 13 of 21 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 2 of 9 companies on the "Worse" side.
15 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「Regarding store openings and closures, there were 11 new openings, while 9 stores were closed due to the withdrawal from unprofitable stores and other factors, resulting in an increase of 2 stores from the end of the previous fiscal year to 220 stores.」
The company opened 11 overseas stores and closed 9 stores due to the withdrawal from unprofitable stores and other factors, resulting in an increase of 2 stores from the end of the previous fiscal year to 220 stores. It is expanding its store network while consolidating unprofitable stores. - 2026-06-26AdvancedEarnings
「Regarding openings and closures, although 6 new restaurants opened, 7 restaurants closed due to the withdrawal from unprofitable locations and other factors, bringing the total number of restaurants down by 1 from the end of the previous fiscal year to 217.」
The closure of unprofitable overseas restaurants continued. As new openings and closures proceeded in parallel, the total number of restaurants decreased by 1 from the end of the previous fiscal year. - FY2026Update on overseas store openings and closuresAnnual report
「Regarding openings and closures, 22 new restaurants opened in Taiwan, South Korea and other markets, while 20 unprofitable restaurants closed in China, Taiwan, Thailand and other markets, bringing the total number of restaurants to 218.」
While continuing to consolidate unprofitable overseas stores, the company opened 22 new stores and closed 20 stores. The number of stores increased by 2 from the end of the previous fiscal year. - 2026-05-07AdvancedGeneral Meetings of Shareholders
「Although 22 new restaurants opened in Taiwan, South Korea and other markets, 20 unprofitable restaurants closed in China, Taiwan, Thailand and other markets, bringing the total number of restaurants to 218.」
New openings and the closure of unprofitable restaurants proceeded in parallel overseas, bringing the total number of restaurants to 218. - FY2025AdvancedAnnual report
「Regarding store openings and closures, although there were 26 new openings, 22 stores were closed due to the withdrawal from unprofitable stores in China and South Korea, resulting in an increase of 4 stores from the end of the previous fiscal year to 216 stores.」
The company opened 26 overseas stores and closed 22 stores due to the withdrawal from unprofitable stores in China and South Korea, resulting in an increase of 4 stores from the end of the previous fiscal year to 216 stores. It is expanding its store network while consolidating unprofitable stores. - FY2025-H1AdvancedAnnual report
「Regarding the number of stores, although there were 14 new openings, 12 stores were closed, including the withdrawal from unprofitable stores in China and South Korea, resulting in an increase of 2 stores from the end of the previous fiscal year to 214 stores.」
The company opened 14 overseas stores and closed 12 stores due to the withdrawal from unprofitable stores in China and South Korea, resulting in an increase of 2 stores from the end of the previous fiscal year to 214 stores. - FY2025-Q1AdvancedAnnual report
「Regarding the number of stores, there were 7 new openings and 6 closures, including the withdrawal from unprofitable stores in China, resulting in an increase of 1 store from the end of the previous fiscal year to 213 stores.」
The company opened 7 overseas stores and closed 6 stores, including the withdrawal from unprofitable stores in China, resulting in an increase of 1 store from the end of the previous fiscal year to 213 stores. - FY2024-Q3AdvancedAnnual report
「Overseas, there were 24 new openings and 17 closures, resulting in a net increase of 7 stores to 215.」
The company opened 24 overseas stores and closed 17 stores, resulting in a net increase of 7 stores. The number of stores expanded from 211 at the end of FY2024-Q2 to 215. - FY2024-Q2Update to the number of overseas storesAnnual report
「Regarding overseas store openings and closures, there were 13 new openings and 10 closures, bringing the total number of stores to 211.」
The company opened 13 overseas stores and closed 10 stores, resulting in a net increase of 3 stores and bringing the total to 211 stores. - FY2024-Q1Update to the number of overseas storesAnnual report
「Overseas, there were 6 new openings and 6 closures, leaving the total unchanged at 208 stores.」
The company opened 6 overseas stores and closed 6 stores, leaving the total at 208, unchanged from the end of the previous fiscal year. - FY2023AdvancedAnnual report
「Overseas, 27 new stores opened and 21 stores closed, bringing the total store count at the end of the period to 208.」
Overseas, there were 27 new openings and 21 closures. After a period of store consolidation, the number of stores at fiscal year-end expanded to 208. - FY2023-Q2AdvancedAnnual report
「Overseas, there were 12 new openings and 7 closures, bringing the total number of stores to 207.」
The overseas store network expanded to 207 stores after 12 new openings and 7 closures, resulting in a net increase of 5 stores. - FY2022AdvancedAnnual report
「Overseas, there were 31 new openings and 16 closures, bringing the total number of stores to 202.」
The overseas store network expanded to 202 stores after 31 new openings and 16 closures, resulting in a net increase of 25 stores. - FY2022-Q2Update on overseas store openings and closuresAnnual report
「Overseas, 9 new stores opened and 7 stores closed, bringing the total store count to 189.」
Overseas, the company opened 9 new stores and closed 7 stores, resulting in a net increase of 2 stores. The company has updated the store opening and closure results for the cumulative second quarter under review from the previous disclosures on store consolidation. - FY2020Update on overseas store openings and closuresAnnual report
「Regarding store openings and closures, there were 13 new openings and 17 closures in Japan, bringing the total to 1,301 stores, down 4 from the end of the previous fiscal year. Overseas, there were 31 new openings and 17 closures, bringing the total to 186 stores, up 14 from the end of the previous fiscal year.」
Overseas, the company opened 31 new stores and closed 17 stores, resulting in a net increase of 14 stores. The situation in which openings exceed closures has continued, following the previous phase of consolidating unprofitable stores. - FY2019Update on overseas store openings and closuresAnnual report
「Regarding store openings and closures, there were 28 new openings and 10 closures, resulting in a net increase of 18 stores.」
Overseas, the company opened 28 new stores and closed 10 stores. Compared with the previous disclosures on the consolidation of underperforming stores, openings exceeded closures during the fiscal year, resulting in a net increase of 18 stores. - FY2018AdvancedAnnual report
「Overseas, 21 stores were closed, compared with 14 new openings, partly because the company proceeded with the withdrawal of underperforming stores, resulting in a net decrease of 7 stores.」
The company proceeded with the consolidation of underperforming overseas stores and closed 21 stores. After offsetting 14 new openings, the net decrease was 7 stores. - FY2018-Q3AdvancedAnnual report
「Total 10 16 △6 155」
Overseas, the company opened 10 new stores and closed 16 stores, resulting in a net decrease of 6 stores. It continues to consolidate its overseas store network. - FY2018-Q2AdvancedAnnual report
「Overseas, 4 new stores opened, while efforts to withdraw from underperforming stores and other factors resulted in 10 store closures, for a net decrease of 6 stores.」
The company proceeded with the withdrawal of underperforming stores and closed 10 overseas stores. After offsetting 4 new openings, the net decrease was 6 stores. - FY2017RestatedAnnual report
「This was due to the company carrying out the closure of unprofitable stores in advance of making the Chinese and Taiwanese local companies, which were subsidiaries and sub-subsidiaries of House Foods Group Inc., into its subsidiaries in March this year, as well as temporarily closing existing stores in Malaysia that had previously offered menus using pork.」
The company has reiterated the background to the consolidation of unprofitable stores ahead of making the Chinese and Taiwanese local companies subsidiaries, and the temporary closure of stores in Malaysia. - FY2017-Q3First statedAnnual report
「This was due in part to the closure of a number of unprofitable stores ahead of our planned acquisition of the Chinese and Taiwanese operating companies, which were subsidiaries and sub-subsidiaries of House Foods Group Inc., as well as the temporary closure in Malaysia of existing stores that had offered pork-based menu items. In Malaysia, we reopened a store without pork-based menu items in December 2016.」
Describes the rationalization of unprofitable stores before the overseas subsidiaries became subsidiaries of the Company and the reopening in Malaysia of stores that do not serve pork.