Rebuilding the Business Model and Undertaking Fundamental Reform
First written in FY2019. 10 of 13 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「To overcome this situation, we will strengthen our branding to create new customer touchpoints centered on “Suits for Everyone” and the “Everyone Series,” which includes related items such as shirts, pants, shoes and blouses, while responding swiftly to changing customer needs and achieving sustainable growth.」
As a specific measure to rebuild the business model, the Company expanded the product and brand range from “Minna no Suits” to the “Minna Series,” including related items, and stated its aim of creating new customer touchpoints. - FY2025RestatedAnnual report
「① Expansion of made-to-order products and services ② Efficient reduction of ready-to-wear inventory ③ Improvement of gross profit margin through more efficient store inventory management and price revisions ④ Renewal investment to strengthen product and service proposals and improve store operating efficiency ⑤ Continued strengthening of e-commerce and further development of digital marketing and OMO strategies」
The medium-term plan continues to specify 5 measures for rebuilding the business model: made-to-order offerings, inventory efficiency, price revisions, improved store operations, and e-commerce and OMO. - FY2024-Q2AdvancedAnnual report
「Under these circumstances, our Group also revised prices in the Businesswear, comprehensive repair services and franchisee businesses, and benefited from the recovery in customer traffic following the easing of restrictions on activities,」
As measures to rebuild the businesses and improve profitability, the Company revised prices in the Businesswear, comprehensive repair services and franchisee businesses. - FY2024-Q1AdvancedAnnual report
「Under these circumstances, our Group also responded mainly in the Businesswear business by revising prices to address higher costs and in response to the recovery in customer traffic,」
As a measure to rebuild the Businesswear business and improve profitability, the Company revised prices to address higher costs. - FY2022AdvancedAnnual report
「To respond to these severe changes in the operating environment, over a period of several years we have pursued various reforms centred on the Businesswear Business Rebuilding Project, whose pillars are customer-oriented management, rebranding and cost structure optimisation. We believe that we have made progress through the first stage of cost structure reform, but will continue to pursue it actively.」
The filing states that the rebuilding project is centred on customer-oriented management, rebranding and cost structure optimisation, and that progress was made in the first stage of cost structure reform. - FY2022-Q2AdvancedAnnual report
「Although some stores were temporarily closed or operated for shorter hours, the amount of the loss decreased because the impact was limited compared with the same period of the previous year, when the first state of emergency was declared, and because, in addition to structural reforms centred on closing unprofitable stores and implementing voluntary retirement programs, the Company worked to use expenses efficiently.」
The filing states that the Company implemented structural reforms combining the closure of unprofitable stores, voluntary retirement programs and more efficient use of expenses as part of rebuilding the Businesswear business, resulting in a lower loss. - FY2022-Q1AdvancedAnnual report
「The amount of the loss decreased because the impact was limited compared with the same period of the previous year, when the first state of emergency was declared, and because, in addition to structural reforms centred on closing unprofitable stores and implementing voluntary retirement programs, the Company worked to use expenses efficiently.」
The filing states that the loss decreased as a result of rebuilding the Businesswear business through the closure of unprofitable stores, voluntary retirement programs and more efficient use of expenses. - FY2021AdvancedAnnual report
「We recognise that it is extremely important to continue transforming and challenging the Businesswear business, alongside structural reforms including the further consolidation and closure of unprofitable stores and the recruitment of voluntary retirees.」
Following price revisions, the business model rebuilding progressed to structural reforms including the further consolidation and closure of unprofitable stores and voluntary retirement programs. - FY2021-Q3Update to third-quarter reform expensesAnnual report
「This is an extraordinary loss recognised in connection with the decision to close unprofitable stores, consisting mainly of impairment losses on store assets.」
In connection with the closure of unprofitable stores as part of the Businesswear business rebuilding project, the Company recognised ¥1,446 million in business structure reform expenses. - FY2021-Q2AdvancedAnnual report
「This is an extraordinary loss recognised in connection with the decision to close unprofitable stores, consisting mainly of impairment losses on store assets.」
As part of the Businesswear business rebuilding project, the Company resolved to close unprofitable stores and recognised ¥1,304 million in business structure reform expenses. - FY2021-Q1AdvancedAnnual report
「To optimise its cost structure, we closed 32 inefficient stores.」
The Company closed 32 inefficient stores as part of efforts to rebuild the Businesswear business and optimise its cost structure. - FY2020-Q3AdvancedAnnual report
「In the Businesswear business, the Company is pursuing a project to rebuild the business with the aim of achieving a medium- to long-term recovery in performance in response to changes in the market environment. As its first step, it implemented price revisions to new prices from October.」
The Company reported concrete progress on the Businesswear business rebuilding project, implementing price revisions to new prices from October 2019 as its first step. - FY2019First statedAnnual report
「To respond to these environmental changes and intensifying competition, we intend to pursue fundamental reforms aimed at reassessing our issues and rebuilding our business model.」
In response to market contraction, low-priced orders and entry by companies from other industries and by e-commerce businesses, the Company established the reassessment of its issues and rebuilding of its business model as its new reform policy.