Closure of Unprofitable Stores and Other Locations as Structural Reform Measures
First written in FY2018-Q3. 26 of 29 entries say "Advanced", first in FY2018. Latest entry: 2026-08-12.
The whole theme swung hardest in 2018: 4 of 36 companies on the "Worse" side.
27 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the fourth quarter, the company began reviewing its management platform to accelerate structural reform. Specifically, it is reviewing its cost structure, including head-office functions, and its profit-management framework, while advancing initiatives to strengthen the profitability of its existing businesses.」
In addition to store rationalization, the company began reviewing head-office functions, its cost structure and its profit-management framework in the fourth quarter, extending structural reform across its management platform. - FY2026-H1AdvancedAnnual report
「The number of stores decreased by 7 closures, including 1 FC store, bringing the total number of stores at the end of the interim consolidated accounting period to 298, including 28 FC stores.」
While advancing the transition to a renewed-growth phase, the company closed 7 stores during the interim consolidated accounting period and continued rationalizing its store network. - FY2025AdvancedAnnual report
「To move forward from the recovery phase aimed at achieving profitability to the renewed-growth phase, the company has continued to pursue format remodels, the development and testing of new concepts, and new store openings, and is gradually beginning to see results.」
The company has shifted from a recovery phase centered on store rationalization to a renewed-growth phase and is pursuing remodels, new concepts and new store openings. - FY2025-H1AdvancedAnnual report
「To move forward from the recovery phase aimed at achieving profitability to the next phase of renewed growth, the company has been preparing remodels and experiments involving new formats and concepts, as well as new store openings, and is beginning to see results. Store numbers changed as 3 stores opened, including 1 franchise store, and 4 stores closed.」
The company continued its transition from a recovery phase centered on store rationalization to a renewed-growth phase, and opened 3 stores during the interim consolidated accounting period in addition to preparing remodels, new concepts and new store openings. - FY2024AdvancedAnnual report
「In light of current conditions, the company has also begun shifting its store strategy from the recovery phase aimed at achieving profitability to the next phase of renewed growth. Whereas restructuring toward an appropriate scale had previously been the focus, the company has begun pursuing renewed expansion through new store openings, as well as remodels and the rollout of new formats and concepts aimed at renewed growth.」
The company has shifted from structural reform centered on store rationalization to the renewed-growth phase and begun rolling out new stores, remodeled formats and new concepts. - FY2024-Q3ReframedAnnual report
「Through its structural reform initiatives to date, and in light of current conditions, the company plans to move from the revitalization phase focused on achieving profitability to the next phase of renewed growth. It will shift its store strategy, which has centered on restructuring toward an appropriate scale, to renewed expansion through new store openings, while launching remodeled formats and new concepts aimed at renewed growth.」
The company has entered a stage of shifting its store strategy away from structural reform centered on store closures and toward renewed expansion through new store openings, remodels and the rollout of new concepts. - FY2024-Q2AdvancedAnnual report
「The number of stores included 2 openings and 11 closures, including 1 FC store, bringing the total number of stores at the end of the second quarter to 315, including 30 FC stores.」
The company continued to streamline its store network based on its business revitalization plan, closing 11 stores during the quarter and reducing the number of stores at fiscal year-end to 315. - FY2024-Q1AdvancedAnnual report
「There were 7 closures, bringing the number of stores at the end of the first quarter to 317, including 31 franchise stores.」
The company continued to streamline its store network based on its structural reforms and business revitalization plan, closing 7 stores during the quarter and reducing the number of stores at fiscal year-end to 317. - FY2023AdvancedAnnual report
「The number of stores included 1 opening, an FC store, and 29 closures, including 7 FC stores, bringing the total number of stores at the end of the fiscal year to 324, including 31 FC stores.」
The company continued to streamline its store network based on its business revitalization plan, closing 29 stores during the fiscal year and reducing the number of stores at fiscal year-end to 324. - FY2023-Q3AdvancedAnnual report
「The number of stores included 1 opening, an FC store, and 27 closures, including 5 FC stores, bringing the total number of stores at the end of the third quarter to 326, including 33 FC stores.」
The company continued to streamline its store network as part of its structural reforms, closing 27 stores during the quarter and reducing the number of stores at fiscal year-end to 326. - FY2023-Q2AdvancedAnnual report
「There was 1 new store opening, which was a franchise store, and 23 closures, including 4 franchise stores, bringing the number of stores at the end of the second quarter to 330, including 34 franchise stores.」
The company continued to streamline its store network as part of its structural reforms, closing 23 stores during the quarter and reducing the number of stores at fiscal year-end to 330. - FY2023-Q1AdvancedAnnual report
「The number of stores decreased by 17 closures, including 3 FC stores, bringing the total number of stores at the end of the first quarter to 335, including 34 FC stores.」
The company continued to streamline its store network as part of its structural reforms, closing 17 stores in the first quarter and reducing the number of stores at fiscal year-end to 335. - FY2022-Q3AdvancedAnnual report
「There was 1 new store opening and 11 closures, including 4 franchise stores, bringing the number of stores at the end of the third quarter to 361, including 39 franchise stores.」
The company continued to streamline its store network as part of its structural reforms, closing 11 stores during the quarter and reducing the number of stores at fiscal year-end to 361. - FY2022-Q2AdvancedAnnual report
「There was 1 new store opening and 8 closures, including 3 franchise stores, bringing the number of stores at the end of the second quarter to 364, including 40 franchise stores.」
The company continued to streamline its store network as part of its structural reforms, closing 8 stores during the quarter and reducing the number of stores at fiscal year-end to 364. - FY2022-Q1AdvancedAnnual report
「Against this backdrop, amid the spread of COVID-19, our group also temporarily closed more than 100 stores, mainly izakaya-style restaurants, in response to the application of priority preventive measures by the government in April 2021 and requests from local governments to suspend operations following the declaration of a state of emergency.」
The company continued to streamline its store network and implement structural reforms, closing 3 stores during the quarter and reducing the number of stores at fiscal year-end to 368. - FY2021AdvancedAnnual report
「There were 2 new store openings and 80 closures, including 15 franchise stores, bringing the number of stores at the end of the fiscal year to 371, including 43 franchise stores.」
As part of its structural reforms, the company proceeded with large-scale store closures, closing 80 stores during the fiscal year and reducing the number of stores at fiscal year-end to 371. - FY2021-Q3AdvancedAnnual report
「There were 2 new store openings and 39 closures, including 14 franchise stores, bringing the number of stores at the end of the third quarter to 412, including 44 franchise stores.」
The company proceeded with structural reforms, including the closure of unprofitable stores, closing 39 stores on a third quarter cumulative basis and reducing the number of stores at fiscal year-end to 412. - FY2021-Q2AdvancedAnnual report
「Earnings improvement measures included reducing fixed costs through the withdrawal from unprofitable stores and cutting head-office costs.」
The company continued to withdraw from unprofitable stores as an earnings improvement measure, closing 29 stores during the quarter and reducing the number of stores at fiscal year-end to 420. - FY2021-Q1AdvancedAnnual report
「There were 13 closures, including 3 franchise stores, bringing the number of stores at the end of the first quarter to 436, including 55 franchise stores.」
The company continued to streamline its store network as part of its structural reforms, closing 13 stores during the quarter. - FY2020AdvancedAnnual report
「In addition, the Company incurred store impairment losses and store closure losses as a result of implementing extensive closures equivalent to approximately 15% of the group's stores in order to fundamentally transform its earnings structure. The number of stores increased by 1 opening and decreased by 52 closures, including 4 franchised stores, leaving 449 stores at the end of the fiscal year, including 58 franchised stores.」
As part of its structural reforms, the company closed 52 stores, equivalent to approximately 15% of the group's stores, reducing the number of stores at fiscal year-end to 449. - FY2020-Q3AdvancedAnnual report
「In addition, the Company recorded ¥289 million in extraordinary losses due to impairment losses and store closure losses associated with the closure of stores by a subsidiary, losses on disposal of fixed assets associated with renovations and other factors. The number of stores decreased by 23 closures, including 1 franchised store, leaving 477 stores at the end of the third quarter, including 61 franchised stores.」
The company proceeded with store closures related to its structural reforms, closing 23 stores on a third quarter cumulative basis and recording ¥289 million in extraordinary losses, including store closure losses and impairment losses. - FY2019AdvancedAnnual report
「In addition to the continuing effects expected from the cost-cutting measures implemented during the consolidated fiscal year, the Company expects to generate stable operating cash flow over the long term by implementing more fundamental structural reforms in the next fiscal year to strengthen its earnings base.」
During the current fiscal year, the company closed unprofitable stores and other locations as part of its structural reforms, closing 40 stores and recording ¥2,130 million in extraordinary losses. It stated that it would implement further fundamental structural reforms in the next fiscal year. - FY2019-Q3RaisedAnnual report
「In addition to the continuing effects expected from the cost-cutting measures implemented during the consolidated fiscal year, the Company expects to generate stable operating cash flow over the long term by implementing more fundamental structural reforms in the next fiscal year to strengthen its earnings base.」
The company indicated a policy of implementing more fundamental structural reforms in the next fiscal year in addition to closing unprofitable stores and other locations, with the aim of generating stable operating cash flow in the future. - FY2018AdvancedAnnual report
「In addition, the Company recorded ¥1,624 million in extraordinary losses due to the subsidiary's decision to close unprofitable stores and other locations as part of its structural reform measures, impairment losses on stores, losses on disposal of fixed assets associated with renovations and other factors. The number of stores increased by 8 new openings and decreased by 35 closures, including 5 franchised stores, leaving 526 stores at the end of the fiscal year, including 70 franchised stores.」
As part of its structural reforms, the company proceeded with the closure of unprofitable stores and other locations, closing 35 stores during the full fiscal year. Extraordinary losses, including impairment losses and losses on disposal, amounted to ¥1,624 million. - FY2018-Q3First statedAnnual report
「In addition, the subsidiary decided to close unprofitable stores and other locations as part of its structural reform measures.」
The company reported for the first time that a subsidiary had decided to close unprofitable stores and other locations as part of its structural reforms.