Full Subsidiarization of Minute Asia Pacific and Service Expansion
First written in FY2016. 21 of 35 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「In this business, sales increased as a result of strengthening growth services such as suitcase repair and revising shoe repair prices, as well as promoting store operations focused on profit margins. Sales were ¥14.615 billion (103.4% of the prior-year level), and segment profit (operating profit) was ¥368 million (228.7% of the prior-year level).」
The comprehensive repair services business posted higher revenue and profit through the strengthening of growth services, revisions to shoe-repair prices and store operations focused on profit margins. Operating profit increased from ¥161 million in the previous fiscal year to ¥368 million. - FY2026-H1AdvancedAnnual report
「The overseas business was broadly in line with expectations, while the Japan business showed signs of recovery. Efforts to use expenses efficiently also contributed to revenue of ¥7,050 million (98.6% of the same period of the previous year) and segment profit (operating profit) of ¥145 million (466.8% of the same period of the previous year).」
The comprehensive repair services business posted lower revenue, but operating profit increased from ¥31 million in the same period of the previous year to ¥145 million. The store count was 255 in Japan, 339 in Oceania and 37 in Other, for a total of 631 stores. - FY2025Full-year results and store network updateAnnual report
「Revenue increased to ¥14,130 million (105.7% of the previous fiscal year), while segment profit (operating profit) was ¥161 million (94.0% of the previous fiscal year), as the overseas business actively converted stores to franchised operations and new services in Japan, including suitcase wheel replacement and umbrella repairs, offset the decline in revenue from the core shoe-repair business.」
The comprehensive repair services business posted higher revenue through the conversion of stores to franchised operations and the introduction of new services, while operating profit was below the previous fiscal year partly due to personnel expenses and other factors. The year-end store count was 631. - FY2025-H1Interim results and store network updateAnnual report
「Although revenue increased on strong performance by new products and services, higher costs and other factors resulted in revenue of ¥7,147 million (111.7% of the same period of the previous year) and segment profit (operating profit) of ¥31 million (48.9% of the same period of the previous year).」
The comprehensive repair services business posted higher revenue driven by new products and services, while operating profit was below the same period of the previous year due to higher costs and other factors. The store count at the end of September was 622. - FY2024Full-year results and store network updateAnnual report
「Although revenue increased due to the recovery in foot traffic, new services and price revisions, higher personnel expenses associated with stepped-up hiring and other factors resulted in revenue of ¥13,362 million (107.9% of the previous fiscal year) and segment profit (operating profit) of ¥171 million (58.4% of the previous fiscal year).」
The comprehensive repair services business posted higher revenue, while operating profit declined from ¥293 million in the previous fiscal year to ¥171 million due to higher personnel expenses associated with stepped-up hiring. The year-end store count was 623. - FY2024-Q3Third-quarter results and store network updateAnnual report
「In the overseas business, the company actively opened stores, but the impact of higher personnel expenses and other factors resulted in revenue of ¥9,963 million (106.4% of the same period of the previous year) and segment profit (operating profit) of ¥230 million (88.1% of the same period of the previous year).」
The comprehensive repair services business posted higher revenue, while operating profit was 88.1% of the same period of the previous year due to higher personnel expenses and other factors. From April through December, 26 stores were opened and 10 were closed, bringing the store count at the end of December to 624. - FY2024-Q2Second-quarter results and store network updateAnnual report
「Stores opened (April–September) 5 9 0 14 Stores closed (April–September) 7 0 0 7 Period-end stores (end of September) 255 326 34 615」
The comprehensive repair services business opened 14 stores and closed 7 from April through September, bringing the period-end total to 615 stores. Revenue was ¥6,399 million and operating profit was ¥63 million. - FY2024-Q1First-quarter results and store network updateAnnual report
「Although revenue increased following the recovery in foot traffic and price revisions, costs increased, mainly due to higher personnel expenses. Revenue was ¥3,230 million (105.5% of the same period of the previous year), and the segment profit (operating profit) was ¥66 million (90.8% of the same period of the previous year).」
The comprehensive repair services business posted higher revenue, but operating profit was below the same period of the previous year due to higher costs, mainly personnel expenses. The store count at the end of June was 606. - FY2023AdvancedAnnual report
「In addition to the recovery in Japan business revenue due to the recovery in foot traffic and service price revisions, overseas business revenue, which had already recovered, increased further. As a result, revenue was ¥12,382 million (121.9% of the previous fiscal year), and the segment profit (operating profit) was ¥293 million (compared with a segment loss (operating loss) of ¥519 million in the previous fiscal year).」
The comprehensive repair services business posted higher revenue and turned from an operating loss to an operating profit of ¥293 million. The report cites demand recovery in both Japan and overseas and service price revisions. - FY2023-Q3AdvancedAnnual report
「As demand recovered in both the Japan and overseas businesses amid the normalization of economic and social activity, revenue was ¥9,364 million (123.6% of the same period of the previous year), and the segment profit (operating profit) was ¥262 million (compared with a segment loss (operating loss) of ¥403 million in the same period of the previous year).」
The comprehensive repair services business posted higher revenue and turned from an operating loss of ¥403 million in the same period of the previous year to an operating profit of ¥262 million. Demand recovery is evident in both Japan and overseas. - FY2023-Q2AdvancedAnnual report
「As demand recovered in both the Japan and overseas businesses amid the normalization of economic and social activity, revenue was ¥6,002 million (127.9% of the same period of the previous year), and the segment profit (operating profit) was ¥53 million (compared with a segment loss (operating loss) of ¥582 million in the same period of the previous year).」
The comprehensive repair services business turned from an operating loss of ¥582 million in the same period of the previous year to an operating profit of ¥53 million. The store count at the end of September was 609. - FY2023-Q1AdvancedAnnual report
「As demand recovered in both the Japan and overseas businesses amid the normalization of economic and social activity, revenue was ¥3,061 million (116.8% of the same period of the previous year), and the segment profit (operating profit) was ¥72 million (compared with a segment loss (operating loss) of ¥132 million in the same period of the previous year).」
The comprehensive repair services business posted higher revenue and turned from an operating loss of ¥132 million in the same period of the previous year to an operating profit of ¥72 million. The period-end store count was 615. - FY2022Full-year results and store network updateAnnual report
「Although both the Japan and overseas businesses were strongly affected by COVID-19, demand recovered in some overseas regions. Revenue was ¥10,161 million (¥9,173 million in the previous fiscal year), and the segment loss (operating loss) was ¥519 million (segment loss (operating loss) of ¥716 million in the previous fiscal year).」
The comprehensive repair services business posted higher full-year revenue, while the operating loss narrowed from ¥716 million to ¥519 million. The year-end store count was 619, with 26 stores opened and 42 closed during the full year. - FY2022-Q3Third-quarter results and store network updateAnnual report
「Stores opened (April–December) 17 4 0 21 Stores closed (April–December) 25 0 1 26 Period-end stores (end of December) 293 304 33 630」
The comprehensive repair services business opened 21 stores and closed 26, bringing the period-end total to 630 stores. Revenue was ¥7,576 million and the operating loss was ¥403 million, representing higher revenue and a narrower loss than in the same period of the previous year. - FY2022-Q2AdvancedAnnual report
「Although both the Japan and overseas businesses continued to be strongly affected by COVID-19, demand recovered in some regions. Revenue was ¥4,693 million (¥3,840 million in the same period of the previous year), and the segment loss (operating loss) was ¥582 million (segment loss (operating loss) of ¥595 million in the same period of the previous year).」
The comprehensive repair services business saw demand recover in some regions, resulting in higher revenue year on year, while the operating loss narrowed slightly from ¥595 million to ¥582 million. - FY2022-Q1AdvancedAnnual report
「In the Japan business, although the business continued to be strongly affected by COVID-19, demand recovered as signs of a recovery from the pandemic's impact emerged, mainly at overseas stores. Revenue was ¥2,620 million (¥1,439 million in the same period of the previous year), and the segment loss (operating loss) was ¥132 million (segment loss (operating loss) of ¥424 million in the same period of the previous year).」
In the comprehensive repair services business, demand recovered, mainly at overseas stores, resulting in higher revenue, while the operating loss narrowed from ¥424 million in the same period of the previous year to ¥132 million. From April through June, 10 stores were opened and 5 were closed, bringing the period-end total to 640 stores. - FY2021SoftenedAnnual report
「Revenue was ¥9,173 million, or 75.3% of the previous fiscal year, while segment loss (operating loss) was ¥716 million, compared with segment loss (operating loss) of ¥476 million in the previous fiscal year.」
The comprehensive repair services business posted lower revenue due to the impact of overseas lockdowns and the closure or shortened operating hours of domestic stores, while its operating loss widened from the previous fiscal year. It opened 16 stores and closed 33, bringing the year-end total to 635 stores. - FY2021-Q3Third-Quarter Results UpdateAnnual report
「Opened (April–December) 10 1 0 11 Closed (April–December) 20 0 1 21 Year-end store count (end of December) 309 298 35 642」
The Comprehensive Repair Services Business opened 11 stores and closed 21 from April through December, bringing the number of stores at the end of December to 642. Revenue was ¥6,688 million and operating loss was ¥435 million due to overseas lockdowns and other factors. - FY2021-Q2Second-Quarter Results UpdateAnnual report
「Revenue was ¥3,840 million, or 62.4% year on year, while segment loss (operating loss) was ¥595 million, compared with segment loss (operating loss) of ¥214 million in the same period of the previous year, due to the impact of lockdowns at overseas stores and temporary closures and reduced operating hours at domestic stores during the first quarter.」
The Comprehensive Repair Services Business was affected by overseas lockdowns and the closure and reduced operating hours of domestic stores, resulting in lower revenue, while operating loss widened from ¥214 million in the same period of the previous year to ¥595 million. From April through September, 6 stores were opened and 17 closed, bringing the year-end store count to 641. - FY2021-Q1First-Quarter Results UpdateAnnual report
「Opened (April–June) 3 0 0 3 Closed (April–June) 5 0 0 5 Year-end store count (end of June) 317 297 36 650」
The Comprehensive Repair Services Business opened 3 stores and closed 5, bringing the number of stores at the end of June to 650. Revenue was ¥1,439 million and operating loss was ¥424 million, due to lockdowns at overseas stores and temporary closures of domestic stores, among other factors. - FY2020-Q3AdvancedAnnual report
「For this business, revenue was ¥9,438 million, or 97.2% year on year, while segment loss (operating loss) was ¥221 million, compared with segment loss (operating loss) of ¥374 million in the same period of the previous year. Store openings and closures through the third quarter (April–December) were as follows.」
The Comprehensive Repair Services Business opened 26 stores and closed 18 from April through December, bringing the number of stores at the end of December to 655. Segment loss narrowed from ¥374 million in the same period of the previous year to ¥221 million. - FY2020-Q2AdvancedAnnual report
「The opening and closing of stores and other activities through the second quarter (April to September) were as follows.」
The Comprehensive Repair Services Business opened 14 stores and closed 12 from April through September, bringing the number of stores at the end of September to 649. Segment loss narrowed from ¥422 million in the same period of the previous year to ¥214 million. - FY2019AdvancedAnnual report
「Opened (April–March) 43, closed (April–March) 17, year-end store count (end of March) 647」
The Comprehensive Repair Services Business opened 43 stores and closed 17 during the full year, bringing the year-end store count to 647. - FY2019-Q3AdvancedAnnual report
「Revenue increased to ¥9,706 million, or 102.6% year on year, due in part to new store openings, while segment loss (operating loss) was ¥374 million, compared with segment loss (operating loss) of ¥305 million in the same period of the previous year, due mainly to increased upfront investment aimed at expanding the business through service diversification and accelerated store openings.」
In the Comprehensive Repair Services Business, 37 stores were opened and 14 closed from April through December, bringing the year-end store count to 646. Operating loss widened to ¥374 million due to upfront investment in service diversification and accelerated store openings. - FY2019-Q2AdvancedAnnual report
「The opening and closing of stores and other activities through the second quarter (April to September) were as follows.」
The Comprehensive Repair Services Business opened 21 stores and closed 11, bringing the number of stores at the end of September to 633. Segment loss widened to ¥422 million due to upfront investment in service diversification and accelerated store openings. - FY2019-Q1AdvancedAnnual report
「Revenue increased to ¥3,206 million, or 103.8% year on year, due in part to new store openings, while segment loss (operating loss) was ¥146 million, compared with segment loss (operating loss) of ¥53 million in the same period of the previous year, due mainly to increased upfront investment aimed at expanding the business through service diversification and accelerated store openings.」
Upfront investment in service diversification and accelerated store openings continued, with 6 stores opened and 8 closed from April through June, bringing the number of stores at the end of June to 621. Revenue increased, while operating loss widened. - FY2018-Q3AdvancedAnnual report
「Revenue increased to ¥9,457 million, or 106.8% year on year, due in part to new store openings, while segment loss (operating loss) was ¥305 million, compared with segment profit (operating profit) of ¥179 million in the same period of the previous year, due mainly to increased upfront investment aimed at expanding the business through service diversification and accelerated store openings.」
Upfront investment in service diversification and accelerated store openings continued, with 35 stores opened and 10 closed from April through December, bringing the number of stores at the end of December to 623. The segment, however, recorded an operating loss. - FY2018-Q2AdvancedAnnual report
「Revenue increased to ¥6,061 million, or 107.7% year on year, due in part to new store openings, while segment loss (operating loss) was ¥269 million, compared with segment loss (operating loss) of ¥17 million in the same period of the previous year, due mainly to increased upfront investment aimed at expanding the business through service diversification and accelerated store openings.」
The Comprehensive Repair Services Business proceeded with upfront investment in service diversification and accelerated store openings, opening 24 stores and closing 7 through the second quarter, bringing the number of stores at the end of September to 615. - FY2017AdvancedAnnual report
「For this business, revenue was ¥11,815 million, up 410.8% year on year, while segment profit (operating profit), including goodwill amortisation, was ¥163 million, up 221.7%.」
The Comprehensive Repair Services Business opened 45 stores and closed 24 during the period, bringing the year-end store count to 598. Revenue and segment profit both exceeded the previous fiscal year. - FY2017-Q3AdvancedAnnual report
「For this business, revenue was ¥8,858 million, while segment profit (operating profit), including goodwill amortisation, was ¥179 million. Store openings and closures through the third quarter (April–December) were as follows.」
The Comprehensive Repair Services Business opened 28 stores and closed 17 from April through December, bringing the number of stores at the end of December to 588. Segment profit was ¥179 million. - FY2017-Q2AdvancedAnnual report
「For this business, revenue was ¥5,627 million, while segment loss (operating loss), including goodwill amortisation, was ¥17 million. Store openings and closures through the second quarter (April–September) were as follows.」
From April through September, the Comprehensive Repair Services Business opened 16 stores and closed 14, bringing the number of stores at the end of September to 579. The service network has continued to expand since the company became a wholly owned subsidiary. - FY2017-Q1RestatedAnnual report
「Following the acquisition of all shares of ミニット・アジア・パシフィック(株) and its conversion into a wholly owned subsidiary effective 16 December 2015, we added the "Comprehensive Repair Services Business" as a reportable segment. At the end of June 2016, the store network comprised 574 stores (292 in Japan, 256 in Oceania, 19 in ASEAN and 7 in China).」
The Comprehensive Repair Services Business has continued to operate as an independent segment since becoming a wholly owned subsidiary, with 574 stores at the end of June. - FY2016First statedAnnual report
「Following the acquisition of all shares of ミニット・アジア・パシフィック(株) and its conversion into a wholly owned subsidiary effective 16 December 2015, we added the "Comprehensive Repair Services Business" as a new reportable segment. By incorporating the services provided by this company, we expect to make a significant contribution to expanding and enhancing our business in business shoes and aftercare goods, in addition to our strong suit business, further strengthening the value-added services we provide.」
We made ミニット・アジア・パシフィック a wholly owned subsidiary on 16 December 2015 and incorporated comprehensive repair services as a new segment. The plan is to use the business's network of 577 stores across the group to expand the value added around suits.