Entry into the Fitness Business
First written in FY2023. 1 of 3 entries say "Reframed", first in FY2024. Latest entry: FY2025-H1.
2 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「With regard to entering the fitness business through a franchise agreement, after considering store-opening costs and business risks, the Company is currently proceeding not by operating the new business itself, but by attracting a fitness gym operator to its properties as a tenant. The attraction of a tenant to 1 store was completed in April 2025.」
For the fitness business, whose method was changed from joining a franchise itself to attracting a tenant, the Company completed the attraction of a tenant to 1 store in April 2025. It also states that the change in method and delays from the original plan were factors behind the variance from the projected operating loss. - FY2024ReframedAnnual report
「With regard to entering the fitness business through a franchise agreement, after considering store-opening costs and business risks, the Company is currently proceeding not by operating the new business itself, but by attracting a fitness gym operator to its properties as a tenant.」
The Company changed the planned method of entering the fitness business from joining a franchise itself to attracting a fitness gym operator as a tenant, and has also disclosed delays to the plan. - FY2023First statedAnnual report
「To resolve or improve this situation, the Group has formulated a three-year medium-term management plan beginning with the fiscal year ending October 2024 and will pursue an early return to profitability by implementing the following measures, primarily: ① Creating new sales As part of its effort to remodel TSUTAYA BOOKSTORE stores, the Group will create new sales by introducing DAISO, expanding the conversion to Furuiichi Top Books, strengthening and expanding Gashapon Bandai Official Shops, entering the fitness business through a franchise agreement, and strengthening leasing activities to attract tenants.」
The Company has for the first time explicitly stated that it will enter the fitness business through a franchise agreement as a measure to create new sales under the next three-year plan beginning with the fiscal year ending October 2024.