Community-Based Store Operations Centered on Three Fresh-Food Categories

「Although net sales were slightly below the same period of the previous year, segment profit increased as a result of efforts to reduce administrative costs.」

「In the supermarket business, we worked to strengthen our sales capabilities by responding to demand for low-priced products while focusing rigorously on the freshness, quality and product selection of our merchandise, which are our strengths. In addition, as a result of reducing administrative costs, segment profit increased year on year. As a result, supermarket business revenue was ¥7,148 million, up 1.7% year on year, and segment profit was ¥82 million, up 11.9% year on year.」

「In the supermarket business, we worked to strengthen our sales capabilities by responding to demand for low-priced products while focusing rigorously on the freshness, quality and product selection of our merchandise, which are our strengths. In addition, as a result of reducing administrative costs, segment profit increased year on year. As a result, supermarket business revenue was ¥3,538 million, up 3.1% year on year, and segment profit was ¥30 million, compared with ¥8 million in the same period of the previous year.」

「In the supermarket business, we responded to demand for low-priced products while focusing rigorously on the freshness, quality and product selection of our merchandise. As a result of pursuing fundamental reforms, including reducing administrative costs and reviewing sales promotion expenses, supermarket business revenue was ¥7,029 million, up 7.6% year on year, and segment profit was ¥73 million, compared with a segment loss of ¥77 million in the previous fiscal year, achieving a return to profitability.」

「In the supermarket business, revenue increased as a result of opening the Super Fresh Food TAIGA Fujigaoka store in the previous fiscal year. We continue to pursue fundamental reforms, including reducing administrative costs and reviewing sales promotion expenses, to restore segment profitability. As a result, supermarket business revenue was ¥3,432 million, up 12.8% year on year, and segment profit was ¥8 million, compared with a segment loss of ¥85 million in the same period of the previous year.」

「In the supermarket business, segment sales declined year on year as 3 stores were closed in the previous fiscal year. In addition, the opening of the Super Fresh Food TAIGA Fujigaoka store in Yokohama in September 2023 increased opening costs and temporarily increased selling, general and administrative expenses. We continue to pursue fundamental reforms, including reducing administrative costs and reviewing sales promotion expenses, to return the segment to profitability. As a result, supermarket business revenue was ¥6,531 million, down 15.5% year on year, and the segment loss was ¥77 million, compared with a segment loss of ¥59 million in the previous fiscal year.」

「In the supermarket business, segment sales declined year on year as 3 stores were closed in the previous fiscal year. In addition, the opening of the Super Fresh Food TAIGA Fujigaoka store in Yokohama in September 2023 increased opening costs and temporarily increased selling, general and administrative expenses. We continue to pursue fundamental reforms, including reducing administrative costs and reviewing sales promotion expenses, to return the segment to profitability. As a result, supermarket business revenue was ¥4,858 million, down 18.6% year on year, and the segment loss was ¥67 million, compared with a segment loss of ¥27 million in the same period of the previous year.」

「In the supermarket business, segment sales declined year on year as 3 stores were closed in the previous fiscal year. In addition, the opening of the Super Fresh Food TAIGA Fujigaoka store in Yokohama in September 2023 increased opening costs and temporarily increased selling, general and administrative expenses. We continue to pursue fundamental reforms, including reducing administrative costs and reviewing sales promotion expenses, to return the segment to profitability.」

「In the supermarket business, segment sales declined year on year following the closure of 3 stores in the previous fiscal year and other scrap-and-build initiatives. However, the company is pursuing fundamental reforms, including reducing administrative costs and reviewing promotional expenses, with the aim of returning the segment to profitability. As a result, sales in the supermarket business were ¥1,500 million, down 24.3% year on year, and the segment loss was ¥18 million, compared with a segment loss of ¥42 million in the same quarter of the previous year.」

「Following the closure of low-profitability stores during the fiscal year, the number of stores at fiscal year-end was 7 (6 Super Fresh Market TAIGA stores and 1 tenant store). The company plans to open 1 Super Fresh Market TAIGA store in Yokohama in autumn 2023 and will continue to open new stores.」

「As a result of reorganizing the organizational structure and working to turn around the business, the company is advancing measures including improvements in labor productivity and reductions in advertising expenses. However, the challenging business environment has continued due to consumers' heightened budget-consciousness following food price increases and surging electricity costs. Sales in the supermarket business were ¥5,971 million, down 9.2% year on year, and the segment loss was ¥27 million, compared with segment profit of ¥57 million in the same quarter of the previous year.」

「As a result of reorganizing the organizational structure and working to turn around the business, the company is advancing measures including improvements in labor productivity and reductions in advertising expenses. However, the challenging business environment has continued due to consumers' heightened budget-consciousness following food price increases and surging electricity costs.」

「However, the challenging business environment has continued as consumers have become more budget-conscious following food price increases. Sales in the supermarket business were ¥1,983 million, down 11.1% year on year, and the segment loss was ¥42 million, compared with segment profit of ¥17 million in the same quarter of the previous year. The company is also reorganizing its organizational structure and working to turn the business around.」

「No new stores were opened during the fiscal year, leaving 10 stores (8 Super Fresh Market TAIGA stores and 2 tenant stores). The company also recognized an impairment loss on 1 low-profitability store and decided to close 1 store. It will continue to restructure its business operations and promote community-based store operations to ensure a stable supply of food to local residents.」

「Against this backdrop, the Company has worked to strengthen relationships with business partners, build an efficient logistics network, and promote community-based store operations, thereby striving to ensure a stable supply of food and other products, with the goal of contributing to society through food.」

「With the goal of contributing to society through food, the Company has worked to strengthen relationships with business partners, build an efficient logistics network, and promote community-based store operations, thereby striving to ensure a stable supply of food and other products.」

「In the supermarket business, sales and profit declined significantly due to the reaction to the sharp increase in stay-at-home demand caused by the spread of COVID-19 in the previous fiscal year. However, the renovated Super Fresh Market TAIGA Nagata store, which reopened in March 2021, got off to a steady start, among other factors, resulting in sales of ¥2,230 million and segment profit of ¥17 million.」

「In our supermarket business, we focus on the 3 fresh categories (produce, seafood and meat) in store development and pursue community-based store operations that differentiate us from other companies, while working to create stores that are loved by local customers.」