Large-Format Store Investment Burden and Delayed Investment Recovery
First written in FY2017. 4 of 9 entries say "Worsened", first in FY2021. Latest entry: FY2025.
Top Culture moved to the "Worse" side of this theme in 2022.
2 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「As the costs of various materials and construction costs in the Tokyo metropolitan area continue to rise, if openings of large-format stores become concentrated in a particular period, the resulting sharp increase in the investment burden could affect our business performance.」
The company continues to disclose the risk that the investment burden for large-format stores could surge if store openings are concentrated, amid continued increases in material and construction costs. - FY2025-H1WorsenedAnnual report
「Regarding efforts to strengthen leasing and attract tenants, inquiries from parties wishing to open stores as tenants at our locations are increasing because store-opening costs across the retail industry are trending upward due to higher construction unit prices.」
The company continues to face rising construction unit prices and store-opening costs. It also discloses the resulting increase in inquiries from prospective tenants. - FY2024WorsenedAnnual report
「In addition, as the costs of various materials and construction costs in the Tokyo metropolitan area continue to rise, if openings of large-format stores become concentrated in a particular period, the resulting sharp increase in the investment burden could affect our business performance.」
Regarding the risks of investing in large-format stores, the company specifies rising material and construction costs and indicates that the investment burden could surge if store openings are concentrated in a particular period. - FY2021WorsenedAnnual report
「In addition, the global spread of the novel coronavirus has led to higher costs for various materials and logistics delays, and construction costs in the Tokyo metropolitan area have continued to rise.」
In addition to the existing investment burden from large-format stores and rising construction costs, the company identifies higher material costs and logistics delays caused by the spread of infectious disease as new burden factors. - FY2020RestatedAnnual report
「Our planned store-opening model consists of large-format, multi-purpose bookstores with sales floors of 1,000 to 3,000 tsubo. Although their scale provides overwhelming competitiveness and customer-drawing power, the investment required per store is inevitably higher.」
The company continues to disclose the risks of the investment burden associated with the large-format store model, rising construction costs in the Tokyo metropolitan area, and delays in recovering investment. - FY2019RestatedAnnual report
「Our planned store-opening model consists of large-format, multi-purpose bookstores with sales floors of 1,000 to 3,000 tsubo. Although their scale provides overwhelming competitiveness and customer-drawing power, the investment required per store is inevitably higher.」
The company continues to disclose the risks of the investment burden associated with the 1,000-to-3,000-tsubo large-format store model, rising construction costs in the Tokyo metropolitan area, and delays in recovering investment. - FY2018MitigatedAnnual report
「We have worked to expand new large-format store openings and strengthen our existing store network to support them. Going forward, by acquiring and transferring stores, we aim to expand our store network more efficiently while reducing store-opening costs compared with opening new stores.」
The company is implementing a policy of expanding its store network through store acquisitions and transfers while containing the cost burden associated with opening new large-format stores. - FY2018-Q2MitigatedAnnual report
「The company aims to expand its store network efficiently over a short period by acquiring stores, thereby reducing store-opening costs compared with opening new stores.」
The company presents store acquisitions as a means of reducing store-opening costs and expanding its network over a short period, in response to the investment burden associated with opening new large-format stores. - FY2017First statedAnnual report
「Our planned store-opening model consists of large-format, multi-purpose bookstores with sales floors of 1,000 to 3,000 tsubo. Although their scale provides overwhelming competitiveness and customer-drawing power, the investment required per store is inevitably higher. In addition, construction costs in the Tokyo metropolitan area have continued to rise ahead of the Olympic Games in Tokyo.」
The company discloses that investment per store is substantial because its model consists of large-format stores of 1,000 to 3,000 tsubo, and that rising construction costs in the Tokyo metropolitan area and delays in recovering investment could affect business performance.