Impact on Business Performance from Closing Unprofitable Stores
First written in FY2018-Q2. 2 of 6 entries say "Reframed", first in FY2021-Q2. Latest entry: FY2024-Q3.
Heiwado moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2018: 4 of 36 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「「株式会社丸善,」 which operates supermarkets in Shiga Prefecture, reported lower revenue, but its loss narrowed as a result of closing unprofitable stores in the previous fiscal year.」
Revenue declined because of the closure of unprofitable stores, while the loss narrowed from the previous period's expansion. - FY2024-Q1ReframedAnnual report
「「株式会社丸善,」 which operates supermarkets in Shiga Prefecture, reported lower revenue and a wider loss due to worsening competitive conditions, the closure of unprofitable stores and higher utility costs.」
The closure of unprofitable stores was cited not only in connection with special losses, as in the past, but also alongside the competitive environment and higher utility costs as an operating factor behind lower revenue and a wider loss. - FY2021-Q2ReframedAnnual report
「株式会社丸善, which operates supermarkets in Shiga Prefecture, posted higher revenue on "stay-at-home consumption," but recorded a net loss for the quarter as special losses from closing unprofitable stores resulted in lower quarterly net profit.」
The impact of closing unprofitable stores, which had disappeared from disclosures in prior fiscal years, is again described at 株式会社丸善 in connection with special losses and a loss-making financial result. - FY2018DroppedAnnual reportThe current annual securities report contains no identifiable explanation of the impact of closing unprofitable stores on results as a separate factor.
- FY2018-Q3RestatedAnnual report
「The group's core company, HEIWADO CO.,LTD., posted lower revenue and lower profit, partly due to the leap-year effect in the previous year, the closure of unprofitable stores, and a review of inventory valuation following the launch of the new core system.」
The closure of unprofitable stores continues to be cited, together with the leap-year effect and the inventory valuation review, as a factor behind lower revenue and lower profit in the retail business. - FY2018-Q2First statedAnnual report
「The group's core company, HEIWADO CO.,LTD., posted lower revenue and lower profit, partly due to the leap-year effect in the previous year, the closure of unprofitable stores, and a review of inventory valuation following the launch of the new core system.」
The closure of unprofitable stores is cited, together with the leap-year effect in the previous year and the inventory valuation review, as a factor behind lower revenue and lower profit in the retail business.