Investment Risk from Renovating and Relocating Aging Stores
First written in FY2016. 2 of 7 entries say "Restated". Latest entry: FY2026.
Hasegawa moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2026: 2 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The Group operates approximately 150 directly operated retail stores.」
The number of stores subject to the risk of relocation and renovation investment for aging or obsolete stores was changed from 134 to approximately 150. - FY2024Specified the store count as 134 storesAnnual report
「The Company operates 134 directly operated retail stores.」
The number of directly operated retail stores was stated as 134, changed from 130 previously. - FY2023Specified the store count as 130 storesAnnual report
「The Company operates 130 directly operated retail stores.」
The number of directly operated retail stores was specified as 130, compared with the previous wording of “100 or more stores.” - FY2019SoftenedAnnual report
「We operate more than 100 directly managed retail stores nationwide. Accordingly, store strategies such as relocating stores to improve operating efficiency and investing in the refurbishment of aging or outdated stores may result in losses, including losses on the disposal of fixed assets.」
The specific store count in the previous risk disclosure was generalized from 122 stores to “100 or more stores,” reducing the quantitative detail provided on the number of stores. - FY2018RestatedAnnual report
「We operate 122 directly managed retail stores nationwide, many of which have been in operation for a considerable number of years. Accordingly, store strategies such as investing in the refurbishment of aging or outdated stores and relocating stores to improve operating efficiency may result in losses, including losses on the disposal of fixed assets.」
The refurbishment and relocation investment required for aging and outdated stores, and the risk of losses on disposal, remain. - FY2017RestatedAnnual report
「We operate 117 directly managed retail stores nationwide, many of which have been in operation for a considerable number of years. Accordingly, store strategies such as investing in the refurbishment of aging or outdated stores and relocating stores to improve operating efficiency may result in losses, including losses on the disposal of fixed assets.」
The refurbishment and relocation burden for aging and outdated stores among the 117 stores, and the risk of losses on disposal, remain. - FY2016First statedAnnual report
「We operate 116 directly managed retail stores nationwide, many of which have been in operation for a considerable number of years. Accordingly, our business performance and financial condition may be affected by store strategies such as investing in the refurbishment of aging or outdated stores and relocating stores to improve operating efficiency.」
The disclosure identifies the 116-store network and the refurbishment and relocation burden associated with aging and outdated stores.