Closure of Unprofitable Stores and Shift of Resources to Highly Profitable Stores
First written in FY2016. 8 of 18 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
3 other companies' latest entry also says "Other".
- FY2026Impairment losses recognized on stores and employee dormitoriesAnnual report
「For business-use assets, the company reduced the carrying amount of asset groups for stores and employee housing whose profitability had declined to their recoverable amount, and recorded the resulting reduction of ¥49.306 million as an impairment loss under extraordinary losses.」
The company recorded an impairment loss of ¥49 million due to declining profitability at stores and employee housing. Structural reforms to review the profitability of stores and other assets on a unit-by-unit basis are proceeding alongside the recognition of impairment losses. - FY2025AdvancedAnnual report
「We opened “David Morris”'s first store in Japan at Takashimaya Osaka Store in March 2025 and will continue efforts to raise brand awareness and strengthen sales.」
As part of expanding its store network, the company opened the first Japanese store of a leading overseas brand at Takashimaya Osaka Store. - FY2025-H1AdvancedAnnual report
「The company opened a department-store outlet in Ginza and entered into an exclusive agency agreement with a leading overseas brand, while pursuing further measures to strengthen its product offering.」
As a measure to strengthen the store network, the company opened a department-store location in Ginza, concretely expanding its sales channels. - FY2024-Q2AdvancedAnnual report
「We worked to increase sales through the newly opened department-store store business in the Nagoya area.」
The company advanced sales initiatives aimed at increasing sales at the newly opened department-store store business in the Nagoya area. - FY2024-Q1AdvancedAnnual report
「We opened a street-front store for “Maison de Nadia” and a store for “Scavia” on the first floor of the main building of the Imperial Hotel Tokyo, while strengthening sales capabilities by acquiring the department-store store business in the Nagoya area.」
The company concretely strengthened its network of directly operated and department-store sales locations by opening brand stores and acquiring the department-store store business in the Nagoya area. - FY2023RestatedAnnual report
「In addition, profitability improvement measures for the directly operated retail business conducted by group companies produced results, and」
The company states that profitability improvement in the directly operated retail business produced results, and continues its policy of improving profitability following the store-structure reform. - FY2022RestatedAnnual report
「In addition, measures to improve the profitability of the directly operated retail business conducted by group companies produced results, and」
The company states that measures to improve the profitability of the directly operated retail business produced results, but does not disclose specific store-reorganization results for the fiscal year, such as the number of additional closures. - FY2021Continued store reviews and impairment lossesAnnual report
「The group generally groups assets by management-accounting segment and by store as the smallest units generating cash flows, while leased real estate and idle assets are grouped by individual property.」
After assessing profitability on a store and other unit basis, the company recognized an impairment loss of ¥37 million in the jewelry business during the current fiscal year. - FY2020Store reviews and continued impairment lossesAnnual report
「After assessing operating conditions at each department-store and retail store, we will conduct rigorous reviews of stores that continue to struggle and recognize impairment losses on fixed assets.」
After reviewing profitability at each store, the company also recognized an impairment loss of ¥28 million in the current fiscal year. Store-structure reviews and loss recognition are occurring concurrently. - FY2019Store reviews and impairment losses recognizedAnnual report
「After assessing operating conditions at each department-store and retail store, we conducted rigorous reviews of stores that continued to struggle and recognized impairment losses on fixed assets.」
After reviewing profitability at each store, the company recognized impairment losses of ¥84.86 million on stores and other assets whose profitability had declined. - FY2018RestatedAnnual report
「In the directly operated retail business segment, we will concentrate the business in a retail-focused subsidiary through a company split so that it can exercise greater expertise and agility.」
The company is advancing a store-structure reform by concentrating the directly operated retail business in a retail-focused subsidiary, in addition to closing unprofitable stores. - FY2018-Q3AdvancedAnnual report
「As the efficiency improvements in the retail business, including investment in store renovations and the exit from unprofitable stores, have reached a point where they can be implemented, we decided to transfer the business to ナガホリリテール株式会社, a wholly owned subsidiary entrusted with store operations and management, and consolidate the retail business there through a company split.」
With efficiency improvements in the retail business through the exit from unprofitable stores and investment in renovations reaching a point where they can be implemented, the company decided to consolidate the retail business of 22 stores in a wholly owned subsidiary through a company split. - FY2018-Q2AdvancedAnnual report
「In its directly operated retail business, the company closed unprofitable stores as originally planned, under the theme of “selection and concentration.”」
The company closed unprofitable stores in the directly operated retail business as scheduled, making concrete progress in reforming its store structure. - FY2017RestatedAnnual report
「Reduction and reorganization of unprofitable stores in the underperforming directly operated retail segment」
The company continues to describe measures to improve profitability by reducing and reorganizing unprofitable stores in the directly operated retail segment. - FY2017-Q3AdvancedAnnual report
「Based on the results for the nine months ended the third quarter, we will continue to concentrate management resources on the wholesale business for department stores, while closing 8 unprofitable directly operated retail stores in the fourth quarter and further advancing the closure and reduction of unprofitable stores in the directly operated retail business.」
After already closing 7 stores, the company announced plans to close 8 unprofitable stores in the directly operated retail business in the fourth quarter, entering a phase of further advancing closures and reductions. - FY2017-Q2AdvancedAnnual report
「While closing 7 unprofitable stores in the directly operated retail business, the company will open 2 new stores in department stores as a priority investment of management resources in the wholesale business for department stores.」
During the six months ended the second quarter, 7 unprofitable stores were actually closed. In addition, 2 new stores were opened in the wholesale business for department stores. - FY2017-Q1RestatedAnnual report
「Regarding the reduction and reorganization of unprofitable stores in the directly operated retail business, we will continue to conduct further reviews by adding stores to the scope of review.」
The company continues its policy of reviewing additional stores as part of the reduction and reorganization of unprofitable stores. - FY2016First statedAnnual report
「By closing unprofitable stores and shifting resources to highly profitable stores that can capitalize on their individual characteristics, as well as to new stores, we will steadily reform the business structure of the relevant business segment and seek to achieve stable profitability.」
In the directly operated retail business, the company aims to achieve profitability by closing unprofitable stores and shifting resources to highly profitable and new stores.