Improving Store Efficiency through Large-Scale Closures and Format Changes
First written in FY2016. 10 of 20 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026Continued decline in directly operated stores due to closures exceeding openingsAnnual report
「Following 20 new store openings and 41 store exits, including small-format stores, the number of directly operated stores was 957, comprising 928 directly operated Yamada Denki stores and 29 stores operated by other consolidated subsidiaries.」
The company exited 41 stores against 20 new store openings, reducing the number of directly operated stores from the previous 975 to 957. - 2026-04-13RestatedRevision of earnings forecasts
「Due in part to the impact of closing certain large-format stores, we expect results to fall below the full-year earnings forecast previously announced, and have therefore revised the forecast as described above.」
The closure of certain large-format stores was cited as a factor behind the downward revision to the full-year earnings forecast. - FY2026-H1Continued decline in directly operated stores due to closures exceeding openingsAnnual report
「As of the end of the interim consolidated period, the number of stores, including overseas stores, was 975 directly operated stores following 12 new store openings and 15 store exits, comprising 946 directly operated Yamada Denki stores and 29 stores operated by other consolidated subsidiaries.」
The company exited 15 stores against 12 new store openings, reducing the number of directly operated stores from the previous 993 to 975. - FY2025-H1Continued decline in directly operated stores due to closures exceeding openingsAnnual report
「As of the end of the interim consolidated period, the number of stores, including overseas stores, was 993 directly operated stores following 9 new store openings and 21 store exits, comprising 963 directly operated Yamada Denki stores and 30 stores operated by other consolidated subsidiaries.」
The company exited 21 stores against 9 new store openings, reducing the number of directly operated stores from the previous 1,013 to 993. - FY2024-Q3Continued decline in directly operated stores due to closures exceeding openingsAnnual report
「As of the end of the third quarter, the number of stores, including overseas stores, was 1,013 directly operated stores following 20 new store openings and 35 closures, comprising 984 directly operated Yamada Denki stores and 29 stores operated by other consolidated subsidiaries.」
While continuing to open stores, closures exceeded openings, reducing the number of directly operated stores from 1,022 at the end of the previous quarter to 1,013. - FY2024-Q2Decline in the number of directly operated stores due to more store exits than openingsAnnual report
「As of the end of the second quarter, the number of stores, including overseas stores, was 1,022 directly operated stores following 16 new store openings and 22 store exits, comprising 993 directly operated Yamada Denki stores and 29 stores operated by other consolidated subsidiaries.」
The company exited 22 stores against 16 new store openings, reducing the number of directly operated stores from 1,030 at the end of the previous quarter to 1,022. - FY2024-Q1AdvancedAnnual report
「As of the end of the first quarter, the number of stores, including overseas stores, was 1,030 directly operated stores following 14 new store openings and 12 store exits, comprising 1,001 directly operated Yamada Denki stores and 29 stores operated by other consolidated subsidiaries.」
The company continued to reorganize its store network through a combination of openings and exits, increasing the number of directly operated stores from 1,028 at the end of the previous fiscal year to 1,030. - FY2023AdvancedAnnual report
「As of the end of the consolidated fiscal year, the number of stores, including overseas stores, was 1,028 directly operated stores following 24 new store openings and 11 store exits, comprising 997 Yamada Denki stores and 31 stores operated by other consolidated subsidiaries.」
The company continued to improve store efficiency and reorganize store formats through a combination of new openings and exits, increasing the number of directly operated stores from 1,015 at the end of the previous fiscal year to 1,028. - FY2023-Q3AdvancedAnnual report
「As of the end of the third quarter, the number of stores, including overseas stores, was 1,025 directly operated stores following 18 new store openings and 8 closures, comprising 995 directly operated Yamada Denki stores and 30 stores operated by other consolidated subsidiaries.」
The company opened 18 stores and closed 8 stores in the cumulative third quarter. The reorganization of the store network through a combination of openings and closures continued. - FY2023-Q2AdvancedAnnual report
「As of the end of the second quarter, the number of stores, including overseas stores, was 1,026 directly operated stores following 11 new store openings, comprising 998 directly operated Yamada Denki stores and 28 stores operated by other consolidated subsidiaries.」
The company opened 11 stores in the second quarter, increasing the number of directly operated stores from 1,020 at the end of the previous quarter to 1,026. - FY2022AdvancedAnnual report
「As of the end of the consolidated fiscal year, the number of stores, including overseas stores, was 1,015 directly operated stores following 50 new store openings and 38 store exits, comprising 978 Yamada Denki stores and 37 stores operated by other consolidated subsidiaries.」
The company opened 50 stores and exited 38 stores during the full year as part of its restructuring, bringing the number of directly operated stores to 1,015. - FY2021AdvancedAnnual report
「To address medium-term changes in demand patterns, we reorganized the Shinjuku area, including the closure of the LABI Shinjuku East Exit store and the refurbishment of the Shinjuku West Exit store and the Otsuka Kagu Shinjuku showroom, and carried out improvements in the Akihabara area.」
To address changes in demand patterns, the company closed the Shinjuku East Exit store, refurbished the Shinjuku West Exit store and the Otsuka Kagu Shinjuku showroom, and improved the Akihabara area. - FY2021-Q3AdvancedAnnual report
「To address medium-term changes in demand patterns, we closed the LABI Shinjuku East Exit store, reorganized the Shinjuku area, including the Shinjuku West Exit store and the Otsuka Kagu Shinjuku showroom, and carried out improvements in the Akihabara area.」
To address changes in demand patterns, the company closed the LABI Shinjuku East Exit store, reorganized the Shinjuku area, and improved the Akihabara area. - FY2021-Q2AdvancedAnnual report
「To address medium-term changes in demand patterns, we closed the LABI Shinjuku East Exit store, reorganized the Shinjuku area, including the Shinjuku West Exit store and the Otsuka Kagu Shinjuku showroom, and carried out improvements in the Akihabara area.」
To address medium-term changes in demand patterns, the company closed the LABI Shinjuku East Exit store, reorganized the Shinjuku area, and improved the Akihabara area, advancing the optimization of urban-format stores. - FY2019-Q2AdvancedAnnual report
「③ The company carried out repeat and second repeat refurbishments of existing Home Appliance Sumaイル Kan stores into a new format optimized and maximized based on various effectiveness analyses; ④ store rebuilds, including relocation to temporary stores and temporary closures; and, as a result of seasonal factors such as torrential rain, typhoons, earthquakes, and extreme heat,」
For Home Appliance Sumaイル Kan stores, the company carried out repeat and second repeat refurbishments into a new format based on effectiveness analyses, and moved toward reviewing store operations, including store rebuilds and temporary closures. - FY2019-Q1AdvancedAnnual report
「Following the absorption-type merger of 株式会社ナカヤマ effective 1 April 2018, the remodeling business, which had previously focused mainly on water-related areas such as toilets, kitchens, and bathrooms, established a construction structure capable of undertaking large-scale remodeling, including exterior walls, roofs, and painting.」
Following the absorption-type merger of ナカヤマ, the company closed former ナカヤマ stores and moved on to the stage of integrating stores and strengthening its sales strategy. - FY2017-Q3Cited as achievedAnnual report
「The impact of large-scale store closures carried out in the previous fiscal year to eliminate cannibalization among our own stores occurred. In the previous fiscal year, 98 directly operated stores were closed across the group as part of structural reforms and other measures, including 89 stores closed between April and December 2015, resulting in a subsequent decline following the store-closing sales and other effects.」
The large-scale closures were cited as past structural reforms and explained as a factor behind the subsequent decline in sales from the same period of the previous year. The number of closures from April through December 2015 was stated as 89 stores. - FY2017-Q2Cited as achievedAnnual report
「Consolidated net sales for the cumulative second quarter were ¥767,195 million, down 4.7% year on year, due in part to the impact of the large-scale store closures carried out in the previous fiscal year to eliminate cannibalization among our own stores. In the previous fiscal year, 98 directly operated stores were closed across the group as part of structural reforms and other measures, including 86 stores during the first half from April to September 2015, resulting in a subsequent decline following the store-closing sales, as well as the impact of unfavorable summer weather.」
The closure of 98 directly operated stores in the previous fiscal year, including 86 stores closed from April to September 2015, was cited as a past measure affecting sales in the current period. - FY2017-Q1Cited as achievedAnnual report
「The impact of large-scale store closures carried out in the previous fiscal year to eliminate cannibalization among our own stores was also a factor. In the previous fiscal year, 98 directly operated stores were closed across the group as part of structural reforms and other measures. In particular, approximately 60 stores were closed between May and June 2015, resulting in a subsequent decline following the store-closing sales.」
The large-scale closures in the previous fiscal year were cited as completed measures and explained as a factor affecting sales in the current quarter. - FY2016First statedAnnual report
「Store efficiency improved substantially as large-scale store closures eliminated cannibalization among our own stores, while changes in store formats and remodeling enabled us to review product assortments, optimize inventory and systematize workforce management and allocation to optimize and maximize sales efficiency.」
Described closures, format changes, remodeling, inventory optimization and systematized workforce allocation as an integrated store-efficiency reform.