Risk of Failing to Secure Properties and Meet Store Opening Plans
First written in FY2019. 2 of 4 entries say "Worsened", first in FY2020. Latest entry: FY2023.
Hamayuu moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 11 of 30 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「However, properties meeting the conditions required by the Company cannot always be secured. If new store openings cannot be carried out as planned, this could affect the Company's financial position and operating results.」
The Company continues to disclose risks related to securing properties, failing to meet new store-opening plans, costs associated with opening and closing stores, and changes in the environment after store openings. - FY2021WorsenedAnnual report
「However, if the location environment changes significantly after a store opens, due to unexpected changes in surrounding roads or the development environment, or the opening of competing stores by other companies in the same industry, the Company may be unable to secure store profitability as originally planned, which could affect its financial position and operating results.」
In addition to the existing risks related to securing properties, failing to meet store-opening plans, and costs associated with opening and closing stores, the Company explicitly described the risk of failing to achieve planned profitability due to changes in roads and the development environment after opening, or the opening of competing stores. - FY2020WorsenedAnnual report
「Because costs for consumables such as fixtures and equipment, advertising and sales promotion are incurred temporarily when new stores open, opening a large number of stores or opening stores close to the fiscal year-end could depress profit and affect the Company's financial position and operating results. In addition, if an unprofitable store that is not expected to improve its performance is closed, losses related to the closure, such as penalties under property leases and costs for removing fixed assets, will be incurred, which could affect the Company's financial position and operating results.」
In addition to the existing risks of securing properties and failing to meet new store-opening plans, the Company explicitly described the cost burden from opening a large number of stores or opening stores near the fiscal year-end, as well as losses from closing unprofitable stores. - FY2019First statedAnnual report
「However, properties meeting the conditions required by the Company cannot always be secured. If new store openings cannot be carried out as planned, this could affect the Company's financial position and operating results.」
Store openings are decided after a comprehensive review of location conditions, lease terms, profitability and other factors.