Risk of Missing New-Store Plans and Failing to Establish New Stores on a Sustainable Basis
First written in FY2016. 4 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 7 of 33 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「To address these risks, the Company has established a store development committee comprising internal directors, executive officers and heads of relevant departments. The committee carefully considers prospective new store projects and responses when store contracts expire from a variety of perspectives.」
Regarding the risk of failing to meet new store-opening plans and the risk of lease renewals for rented properties, the Company describes a framework under which the store development committee considers prospective projects and responses when contracts expire. - FY2025ReframedAnnual report
「The Group leases land and buildings for many of its stores. To continue operating these leased stores after the contract term expires, it must agree with the lessor to renew the lease. If an agreement cannot be reached for reasons attributable to the lessor, the Group may have to discontinue operations.」
In addition to the risks associated with new store openings and store ramp-up, the Company explicitly identifies the risk of having to discontinue operations if leases for rented properties cannot be renewed, broadening the scope of its store-opening and store-continuity risks. - FY2023RestatedAnnual report
「The Group naturally regards opening stores as planned and generating profits from those stores as its highest priorities, but」
The Company continues to disclose new store openings to build concentrated store networks, profit generation after stores open, and the risk of failing to meet plans. - FY2021RestatedAnnual report
「The Group naturally regards opening stores as planned and generating profits from those stores as its highest priorities. However, in addition to intensifying competition in the concentrated store areas targeted by the Group and trends in consumer sentiment, if the ramp-up of newly opened stores does not proceed as planned, this may affect the Group’s performance.」
The Company continues to disclose the risks associated with new store openings in concentrated store areas, generating profits after stores open, and failure to achieve the planned ramp-up. - FY2019RestatedAnnual report
「The Group naturally regards opening stores as planned and generating profits from those stores as its highest priorities. However, in addition to intensifying competition in the concentrated store areas targeted by the Group and trends in consumer sentiment, if the ramp-up of newly opened stores does not proceed as planned, this may affect the Group’s performance.」
The Company continues to disclose risks related to new store openings, the formation of concentrated store networks and store ramp-up. - FY2018ReframedAnnual report
「With regard to new store development, the Company will establish store-format models capable of overcoming competition and responding to changes in customers’ lifestyles and the external environment, with the aim of standardizing its stores, while also considering store expansion through M&A.」
In addition to the risk that new store openings may not proceed as planned, the Company incorporates store-format standardization and consideration of expansion through M&A into the same context of store-opening risks and plans. - FY2017RestatedAnnual report
「As part of the Group’s growth strategy, the Company plans to continue opening new stores in the regions mentioned above.」
The Company continues to describe a growth strategy centered on new store openings in Japan and China, as well as the risk that newly opened stores may not ramp up as planned. - FY2016First statedAnnual report
「If the ramp-up of newly opened stores does not proceed as planned, this may affect the performance of the Group.」
The Company identifies competition in concentrated store areas, consumer sentiment, securing and developing personnel, and legal restrictions as factors that could hinder its store-opening plans.