Closure of Unprofitable Sales Locations
First written in FY2023-Q2. 4 of 6 entries say "Advanced", first in FY2023-Q3. Latest entry: 2026-06-12.
47 other companies' latest entry also says "Advanced".
- 2026-06-12AdvancedEarnings
「In the homewear business, profitability improved as the effects of structural reforms implemented in the previous fiscal year emerged.」
The structural reforms implemented in the homewear business in the previous fiscal year produced results in the form of improved profitability. - FY2026AdvancedAnnual report
「At directly operated stores, we closed unprofitable locations while opening new stores with a focus on profitability, increasing the store network to 7 locations at the end of the fiscal year.」
While reviewing unprofitable sales locations, the company opened new stores with an emphasis on profitability, bringing the number of directly operated stores to 7 at the fiscal year-end. - FY2024-Q1RestatedAnnual report
「At a meeting of its Board of Directors held on 28 December 2022, the company resolved to transfer the wholesale outerwear business for mass retailers that it had operated, and completed the transfer on 1 February 2023.」
Although no new developments were reported regarding the closure of unprofitable sales locations, the transfer of the wholesale outerwear business for mass retailers, which formed part of the rationalization measures, was confirmed as completed. - FY2023AdvancedAnnual report
「Because losses from operating activities continued, indications of impairment were identified for store assets, as well as for the company as a whole, a larger asset group that includes shared assets. Accordingly, the carrying amounts of store assets and shared assets were reduced to their recoverable amounts, and the resulting reduction of ¥167 million was recorded as an impairment loss under extraordinary losses.」
In connection with implementing rationalization measures, including the closure of unprofitable sales locations, the company recorded an impairment loss of ¥167 million on store assets and shared assets. - FY2023-Q3AdvancedAnnual report
「Because the closure of the store was expected to result in negative income or loss from operating activities, the carrying amount was reduced to the recoverable amount, and the resulting ¥10 million decrease (¥10 million in buildings and structures and ¥0 million in other tangible fixed assets) was recognized as an impairment loss under extraordinary losses.」
In connection with the closure of unprofitable sales locations, an impairment loss of ¥10 million was recorded, resulting in accounting treatment associated with implementation of the closure measures. - FY2023-Q2First statedAnnual report
「② Closure of unprofitable sales locations, including directly operated stores」
The company specified for the first time management rationalization measures to close unprofitable sales locations, including directly operated stores. During the quarter, it also recorded an impairment loss of ¥13 million and a loss on store closures of ¥9 million in connection with store closures.