Structural transformation through a focus on the retail business

「In the previous fiscal year, we implemented a transformation of our business portfolio centered on a substantial reduction in our apparel business and an expansion of our real estate business. As a result, we recorded operating income and net income attributable to owners of the parent for the current fiscal year and successfully returned to profitability.」

「We implemented a transformation of our business portfolio centered on a substantial reduction in our apparel business and an expansion of our real estate business. As a result, the Group as a whole recorded quarterly net income attributable to owners of the parent for the cumulative third quarter, but we will continue to pursue further business transformation to generate recurring and stable earnings.」

「In the previous fiscal year, the Group implemented a transformation of its business portfolio centered on a substantial reduction in its apparel business and an expansion of its real estate business, with the aim of achieving a fundamental business turnaround and strengthening its financial foundation.」

「In the previous fiscal year, we implemented a transformation of our business portfolio centered on a substantial reduction in our apparel business and an expansion of our real estate business, with the aim of achieving a fundamental business turnaround and strengthening our financial foundation.」

「In the fiscal year ending March 2023, we implemented a transformation of our business portfolio centered on a substantial reduction in our apparel business and an expansion of our real estate business.」

「The withdrawal and downsizing were largely completed by December 2022, and we will use this to achieve a return to profitability in the fourth quarter of the fiscal year ending March 2023 and full-year profitability in the fiscal year ending March 2024.」

「As part of the reduction of the apparel business, we planned to close 208 stores nationwide by December 2022. We began closing stores sequentially in May 2022 and worked to fully clear inventory through closing sales and e-commerce channels while maximizing cash flow.」

「As part of the reduction of the apparel business, we planned to close 208 stores nationwide by December 2022. During the first quarter, we completed discussions with all landlords and began closing stores in May 2022.」

「We will transform our business portfolio, centered on a substantial reduction in our apparel business and an expansion of our real estate business, thereby achieving a fundamental business turnaround and strengthening our financial foundation.」

「The Group will steadily implement the following measures to resolve this situation promptly and improve its business performance and financial position. Although the outlook for the domestic economy remains uncertain, the Group will further advance its transformation into a compact yet strong company capable of withstanding a prolonged economic downturn, while seeking to become a profit-generating business, substantially improve cash flow, and return to profitability.」

「The Group will further advance its transformation into a compact yet strong company capable of generating profits and able to withstand a prolonged economic downturn, while seeking a substantial improvement in cash flow and a return to profitability.」

「The Group will further advance its transformation into a compact yet strong company capable of generating profits and able to withstand a prolonged economic downturn, while seeking a substantial improvement in cash flow and a return to profitability.」

「Even under these circumstances, we will work to become a business capable of generating profits by substantially lowering the break-even point and implementing a sales strategy that integrates stores and e-commerce. At the same time, we will reduce inventory and seek to improve cash flow.」

「With regard to the “growth and sales expansion” of our existing formats, we will review our strategy.」

「Despite these circumstances, we have pursued earnings recovery by focusing on our inherent strength—“restoring our strength in balancing product quality and price-value”—while working to increase sales across our domestic formats and establish our overseas business.」

「As in the previous fiscal year, the Company has focused on “restoring our strength in balancing product quality and price-value,” while working on measures for each business and format to improve and enhance the profitability of its domestic business and establish its overseas business.」

「As described above, although revenue increased year on year as a result of our efforts to date, earnings improved only slightly, and we have not yet reached the point where we can foresee the elimination of losses. In light of this situation, we recognize that a fundamental review of our management plan is urgently required. We will promptly formulate fundamental measures centered on reforming our earnings structure and building a management foundation capable of generating stable profits, devote all our efforts to implementing these reforms, and achieve a turnaround as soon as possible.」

「As in the previous fiscal year, the Company has focused on “restoring our strength in balancing product quality and price-value,” while working on measures for each business and format to improve and enhance the profitability of its domestic business and establish its overseas business.」

「The Company has based its efforts on three basic policies—“regain the strength of our products,” “reaffirm the role of our existing domestic businesses,” and “make our overseas business a new pillar of growth”—while clarifying the path to earnings recovery and working to implement measures for each business and format.」

「Despite these circumstances, as set out in the medium-term management plan announced on 12 May 2016, we have based our efforts on three basic policies—“regain the strength of our products,” “reaffirm the role of our existing domestic businesses,” and “make our overseas business a new pillar of growth”—while clarifying the path to earnings recovery and working to implement measures for each business and format.」

「Despite these circumstances, as set out in the medium-term management plan announced on 12 May 2016, we have based our efforts on three basic policies—“regain the strength of our products,” “reaffirm the role of our existing domestic businesses,” and “make our overseas business a new pillar of growth”—while clarifying the path to earnings recovery and working to implement measures for each business and format.」

「Based on three basic policies—“regain the strength of our products,” “reaffirm the role of our existing domestic businesses,” and “make our overseas business a new pillar of growth”—we have clarified the path to earnings recovery and worked to implement measures for each business and format.」

「The Company has been pursuing a structural transformation to focus more heavily on the retail business, which offers greater earnings potential, in response to major changes in the business environment driven by the weaker yen.」