Risk to Store Opening and Closure Plans from Competition for Properties and Rising Rents
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2025.
Genki Global Dining Concepts moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「For its domestic store network, we will actively open stores in urban areas, develop new formats, and diversify our business portfolio. Globally, we will expand into the continental United States and develop new formats in Hawaii.」
The store-opening policy changed from the previous policy to one that explicitly incorporates urban areas, new formats, the business portfolio, the continental United States, and Hawaii. The disclosure of the risk of delays to plans due to competition for properties and rising rents continued. - FY2024WorsenedAnnual report
「For its domestic business, the company is required to strengthen its management structure to address an increasingly challenging external environment, including the difficulty of securing sites for new stores and the growing strain on the human resources supporting restaurant operations.」
In addition to the previously identified risks related to competition for properties and rising rents, the disclosure explicitly identified the difficulty of securing sites for new stores and the growing strain on human resources as elements of an increasingly challenging external environment. - FY2022RestatedAnnual report
「Due to factors including intensifying competition for properties and rising market rents, store openings and closures may not be carried out as planned or in a timely manner, potentially affecting the group's financial position and operating results.」
The disclosure continued to state that competition for properties and rising rents may affect store-opening and closure plans. - FY2018RestatedAnnual report
「Our group plans to continue the above store-opening policy. However, due to factors including intensifying competition for properties and rising market rents, store openings and closures may not be carried out on schedule, potentially affecting the group's financial position and operating results.」
While continuing to develop dominant areas, open stores along roadsides, in shopping centres and near stations, and pursue scrap-and-build initiatives, the disclosure reiterated the risk of delays to plans due to competition for properties and rising rents. - FY2017RestatedAnnual report
「Our group plans to continue the above store-opening policy. However, due to factors including intensifying competition for properties and rising market rents, store openings and closures may not be carried out on schedule, potentially affecting the group's financial position and operating results.」
Based on 168 directly operated stores, the disclosure continued to describe the store-opening policy for roadside locations, shopping centres, station-front locations, and units within buildings, as well as the risk of delays to plans due to competition for properties and rising rents. - FY2016First statedAnnual report
「Our group operates restaurant-related businesses, and had 150 directly operated stores as of the end of the fiscal year ended March 2016. Our store-opening policy is to proceed after comprehensively considering the establishment of dominant areas, the investment ratio relative to profits, and our internal structure, while also considering various measures in conjunction with store openings, including scrap-and-build initiatives, renovations of existing stores, and conversion to different formats.」
The disclosure stated that, despite operating 150 stores, store openings and closures may not proceed as planned due to competition for properties and rising market rents.