Closure of テーオーデパート’s Main Store
First written in FY2023-Q3. 2 of 4 entries say "Cited as achieved", first in FY2024-Q2. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2018: 4 of 36 companies on the "Worse" side.
3 other companies' latest entry also says "Cited as achieved".
- FY2024-Q3Cited as achievedAnnual report
「During the first nine months of the current consolidated fiscal year, the number of employees in the distribution business decreased by 23, mainly due to the closure of the main store of テーオーデパート.」
The actual impact of the closure of the main store of テーオーデパート in August 2023 is reported as a 23-person decrease in the distribution business workforce. - FY2024-Q2Cited as achievedAnnual report
「During the first six months of the current consolidated fiscal year, the number of employees in the distribution business decreased by 22, mainly due to the closure of the main store of テーオーデパート.」
The actual impact of the closure of the main store of テーオーデパート in August 2023 is reported as a 22-person decrease in the distribution business workforce. - FY2024-Q1AchievedAnnual report
「We expect future cash flow to improve as a result of withdrawing from unprofitable businesses, including the closure of the main outlet of T.O. Department Store in August 2023.」
It states that the planned closure of the main store of テーオーデパート in the previous filing took place in August 2023. - FY2023-Q3First statedAnnual report
「At a Board of Directors meeting held on 20 January 2023, we decided to close the main store of テーオーデパート, operated by our consolidated subsidiary 株式会社テーオーデパート.」
Determining that improving profitability over the medium term would be difficult because of the decline in the number of households and the shrinking market associated with the declining birthrate and aging population, the company planned to close the store at the end of August 2023. It reported sales of ¥805 million for the fiscal year ended May 2022 and 78 employees as of 28 February 2023.