Downsizing of the Rental Business and Conversion of Sales Floor Space
First written in FY2021-Q2. 7 of 12 entries say "Advanced", first in FY2021-Q3. Latest entry: 2026-09-10.
No other company in this theme has enough history to compare yet.
- 2026-09-10AdvancedEarnings presentation
「New stores 5 6 13 Store closures *7 *10 *31」
Store restructuring advanced to 13 openings and 31 closures on a cumulative third-quarter basis, compared with the results reported as of FY2026-H1. - FY2026-H1Plan shortfall and delays continue: 16 store closures and 2 new store openingsAnnual report
「By the fiscal year ending October 2026, the Company had planned to close 19 stores and open 6 new stores, but closed 16 stores and opened 2 new stores. Although some closures were delayed from the original schedule, this was primarily intended to reduce withdrawal costs by matching successor tenants with stores after the Company’s withdrawal.」
Against the plan through the fiscal year ending October 2026, the Company closed 16 of 19 planned stores and opened 2 of 6 planned new stores. It stated that, although closures were delayed, the policy was to reduce withdrawal costs by matching successor tenants with the stores. - FY2025Shortfall and Delays in Store Closure and Opening PlansAnnual report
「By the fiscal year ending October 2025, the Company had planned to close 19 stores and open 3 new stores, but closed 14 stores and opened 2 new stores. It also disclosed that some store closures were delayed from the original schedule.」
The Company closed 14 unprofitable stores against a plan for 19, and opened 2 new stores against a plan for 3, while also disclosing delays in the timing of some closures. - FY2025-H1AdvancedAnnual report
「For the fiscal year ending October 2025, the Company planned to close 9 additional stores, in addition to stores whose closures had been delayed from the previous year’s plan, and open 2 new stores. As of the end of April 2025, closures had been completed at 7 stores, and there had been no new store openings.」
Regarding store restructuring for the fiscal year ending October 2025, closures had been completed at 7 of the planned stores by the end of April, while there had been no new store openings, resulting in delays against the original plan for both closures and openings. - FY2024AdvancedAnnual report
「As of the end of October 2024, Daiso had been introduced at 6 stores, the transition to Furuiichi Top Books had been completed at 29 stores, and Gashapon Bandai Official Shop had been introduced at 23 stores.」
In connection with the transformation away from the rental business, the transition to Furuiichi Top Books has progressed to 29 stores. - FY2023AdvancedAnnual report
「The Company introduced the new Daiso 100-yen shop format at 6 stores, transferred the game and trading-card business at 13 stores to Furuiichi Top Books, the game and trading-card business of its subsidiary Top Books, bringing the cumulative total to 26 stores since transfers began in June 2022, and introduced the new Gashapon Bandai Official Shop format at 17 stores.」
In connection with the transformation away from the rental business, the transition of the game and trading-card business to Furuiichi Top Books has progressed to a cumulative total of 26 stores. - FY2023-Q3AdvancedAnnual report
「The Company completed transfers at 12 stores in the previous fiscal year and at 12 stores during the nine-month period ended 31 December. It will continue to advance the business transfers.」
While proceeding with its withdrawal from the rental business, the Company has progressed with the transition to the game and trading-card business at 12 stores in the previous fiscal year and 12 stores cumulatively in the current fiscal year. - FY2023-Q2AdvancedAnnual report
「To strengthen its earnings power, while completely withdrawing from the rental business, the Company has been progressively transferring the game and recycling businesses operated by Top Culture to the game and recycling businesses of its subsidiary Top Books since June 2022. The transfer was completed at 12 stores in the previous fiscal year, and completion of all business transfers was scheduled during the current fiscal year. The transfer was completed at 8 stores in the first half of the fiscal year, bringing progress to approximately half of the total.」
Alongside its complete withdrawal from the rental business, the Company is progressing with the transfer of its game and recycling business, completing transfers at 12 stores in the previous fiscal year and 8 stores in the first half of the current fiscal year, bringing progress to approximately half of the total. - FY2022-Q3RestatedAnnual report
「The Company states that it will continue creating a new purpose for bookstores in local communities and transforming its business away from the rental business.」
The Company states that it will continue shifting from the rental business to a business centered on creating a new purpose for bookstores in local communities. - FY2022-Q1RestatedAnnual report
「The Company states that it will continue to communicate numerous value-added offerings from Tsutaya Bookstore and transform its business away from the rental business.」
Based on its policy of scaling back and withdrawing from the rental business, the Company states that it will continue transforming its business through value-added store initiatives. - FY2021-Q3AdvancedAnnual report
「Under these circumstances, at a meeting of the Board of Directors in July 2021, the Group resolved to withdraw from the rental business operated through its franchise membership with Culture Convenience Club Co., Ltd. (hereinafter, “CCC”) (the “Business”). Following repeated discussions with CCC regarding withdrawal from the Business, the Group decided to withdraw by the fiscal year ending October 2023. In connection with this, the Group recorded a business withdrawal loss of ¥2,144 million as an extraordinary loss.」
Moving beyond its previous policy of scaling back the rental business and reallocating sales-floor space, the Company resolved at a Board of Directors meeting, following discussions with CCC, to withdraw from the rental business by the fiscal year ending October 2023. It also recorded a withdrawal loss of ¥2,144 million. - FY2021-Q2First statedAnnual report
「The Company is scaling back the rental business, whose market is shrinking, and promoting initiatives to use the resulting sales-floor space for new lifestyle offerings.」
In light of the shrinking market, the Company has reduced the rental business and, as a standalone initiative, has for the first time explicitly stated its policy of reallocating vacant sales-floor space to new lifestyle offerings.