Weak Same-Store Sales in the General Merchandise Retail Business Due to Competitor Store Openings
First written in FY2024-Q1. 2 of 3 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2018: 11 of 30 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there are no material changes to the previously disclosed risks, including weak same-store sales in the general merchandise business due to competitor store openings. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there are no material changes to the previously disclosed risks, including weak same-store sales in the general merchandise business due to competitor store openings. - FY2024-Q1MaterialisedAnnual report
「Due in part to weak same-store sales caused by competitor store openings, net sales were ¥3.914 billion (94.6% year on year) and segment income (operating income) was ¥124 million (90.5% year on year).」
The external competitive factor of competitor store openings was reflected in the results as weak same-store sales in the general merchandise business, net sales at 94.6% of the previous year's level and operating income at 90.5%.