Improving profitability at existing overseas stores
First written in FY2018-Q1. 8 of 24 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024DroppedAnnual report
「Based on a resolution of the Board of Directors at its meeting held on 28 November 2022, our consolidated subsidiary 北京愛眼眼鏡有限公司 (Beijing eyewear company) is currently carrying out the necessary procedures for dissolution and liquidation in accordance with applicable local laws and regulations. The final completion date of the liquidation has not yet been determined.」
Following the transition to dissolution and liquidation procedures for the Beijing subsidiary, disclosures on the revitalization and profitability improvement of existing overseas stores as a previous initiative ended. - FY2023ReframedAnnual report
「Although we worked to improve the efficiency of the operating structure and reduce business expenses, we determined that it would be difficult to continue the business. At a meeting of the Board of Directors held on 28 November 2022, we resolved to dissolve and liquidate our consolidated subsidiary 北京愛眼眼鏡有限公司 (Beijing eyewear company).」
The policy changed from continuing to revitalize existing overseas stores and improve their profitability to dissolution and liquidation based on the determination that it would be difficult to continue the business. - FY2023-Q3Continued expense reductions under movement restrictions, but performance deterioratedAnnual report
「In this region, strict government controls on movement continued under the zero-COVID policy, disrupting business operations, including through intermittent forced temporary closures. We nevertheless worked to reduce business expenses by reviewing sales initiatives and improving the efficiency of the operating structure. As a result, revenue was ¥84 million, down 11.4% year on year, and the segment loss was ¥26 million, compared with a segment loss of ¥11 million in the same quarter of the previous year.」
Although we continued to review sales initiatives and the operating structure and reduce expenses, revenue declined under movement restrictions and temporary closures, and the segment loss widened. - FY2023-Q2Continued expense reductions under movement restrictions, but performance deterioratedAnnual report
「In this region, strict government controls on movement continued under the zero-COVID policy, disrupting business operations, including through intermittent forced temporary closures. We nevertheless worked to reduce business expenses by reviewing sales initiatives and improving the efficiency of the operating structure. As a result, revenue was ¥46 million, down 25.0% year on year, and the segment loss was ¥23 million, compared with a segment loss of ¥8 million in the same quarter of the previous year.」
Although we continued to review sales initiatives and the operating structure and reduce business expenses, revenue declined under movement restrictions and temporary closures, and the segment loss widened. - FY2023-Q1Continued expense reductions under movement restrictions, but performance deterioratedAnnual report
「There, strict movement restrictions based on the government’s zero-COVID policy and containment measures continued, disrupting business operations. We worked to reduce operating expenses, including by revising sales initiatives and improving the efficiency of the operating structure. As a result, revenue was ¥26 million, down 12.7% year on year, and the segment loss was ¥9 million, compared with a segment loss of ¥3 million in the same quarter of the previous year.」
Although we continued to review sales initiatives and the operating structure and reduce expenses, revenue declined under the movement restrictions imposed by the zero-COVID policy, and the segment loss widened. - FY2022AdvancedAnnual report
「There, we are making every effort to revitalize existing stores and review expenses, including by revising sales initiatives in response to the pandemic and improving the efficiency of our operating structure. As a result, revenue was ¥122 million, compared with ¥99 million in the previous fiscal year, and the segment loss was ¥15 million, compared with a segment loss of ¥17 million in the previous fiscal year.」
Continued to revise sales initiatives, improve the efficiency of the operating structure, revitalize existing stores and review expenses, resulting in higher full-year revenue and a narrower loss. - FY2022-Q3AdvancedAnnual report
「In the overseas eyewear retail business, we operate 7 directly operated and franchised stores in Beijing and Tianjin. We are operating there while taking precautions against the spread of COVID-19 and making every effort to revitalize existing stores and review expenses. As a result, revenue was ¥95 million, compared with ¥69 million in the same quarter of the previous year, and the segment loss was ¥11 million, compared with a segment loss of ¥18 million in the same quarter of the previous year.」
Disclosed progress through the operation of 7 stores, including the revitalization of existing stores and expense reviews, resulting in higher revenue and a narrower segment loss. - FY2022-Q2AdvancedAnnual report
「In the overseas eyewear retail business, we operate 7 directly operated and franchised stores in Beijing and Tianjin. We are operating there while taking precautions against the spread of COVID-19 and making every effort to revitalize existing stores and review expenses. As a result, revenue was ¥61 million, compared with ¥40 million in the same quarter of the previous year, and the segment loss was ¥8 million, compared with a segment loss of ¥15 million in the same quarter of the previous year.」
Disclosed progress through the operation of 7 stores, including the revitalization of existing stores and expense reviews, resulting in higher revenue and a narrower segment loss. - FY2022-Q1AdvancedAnnual report
「In the overseas eyewear retail business, we operate 7 directly operated and franchised stores in Beijing and Tianjin, where COVID-19 has largely subsided. We are making every effort to revitalize existing stores and review expenses. As a result, revenue was ¥30 million, compared with ¥16 million in the same quarter of the previous year, and the segment loss was ¥3 million, compared with a segment loss of ¥10 million in the same quarter of the previous year.」
With 7 stores in operation, advanced the revitalization of existing stores and reviewed expenses, resulting in higher revenue and a narrower loss year on year. - FY2021-Q3WorsenedAnnual report
「In the overseas eyewear retail business, customer traffic at directly operated and franchised stores in Beijing and Tianjin declined significantly because of the impact of local COVID-19 prevention policies. Although customer traffic has returned as conditions improved since May 2020, it has not yet fully recovered.」
Customer traffic, a prerequisite for improving profitability at existing overseas stores, declined significantly because of infection-control policies. Revenue fell 40.0% year on year, and the segment loss widened to ¥18 million. - FY2021-Q2WorsenedAnnual report
「In the overseas eyewear retail business, the number of customers at directly operated and franchised stores in Beijing and Tianjin declined significantly because of restrictions on residents’ movement imposed in response to the spread of COVID-19 in China. However, the impact of the pandemic passed its worst point in May, and customer traffic has gradually returned since then.」
While continuing previous initiatives to improve profitability, customer traffic declined significantly because of the spread of COVID-19 and movement restrictions in China. Customer traffic gradually returned from May onward, but revenue declined and the loss widened. - FY2021-Q1WorsenedAnnual report
「Although the impact of the spread of COVID-19 infections passed its worst point in May, customer traffic had not yet fully recovered. As a result, revenue was ¥16 million, down 57.2% year on year, and the segment loss was ¥10 million, compared with a segment loss of ¥2 million in the same quarter of the previous year.」
While working to improve profitability in China, customer traffic failed to recover because of the impact of the pandemic, resulting in lower revenue and a larger loss. - FY2020AdvancedAnnual report
「In the overseas eyewear retail business, amid an ongoing challenging competitive environment in China, we worked to attract customers by strengthening the assortment of Aigan private-label products and Made-in-Japan products, while pursuing improvements in profitability. As a result, revenue was ¥148 million, up 1.1% year on year, and the segment loss was ¥9 million, compared with a segment loss of ¥13 million in the previous fiscal year.」
Continued to strengthen the assortment of private-label products and Made-in-Japan products, achieving full-year revenue growth and a narrower loss. - FY2020-Q3AdvancedAnnual report
「In the overseas eyewear retail business, amid an ongoing challenging competitive environment in China, we worked to attract customers by strengthening the assortment of Aigan private-label products and Made-in-Japan products, while pursuing improvements in profitability. As a result, revenue was ¥115 million, up 1.8% year on year, and the segment loss was ¥5 million, compared with a segment loss of ¥9 million in the same quarter of the previous year.」
Continued to strengthen the assortment of Aigan private-label products and Made-in-Japan products, with revenue up 1.8% year on year and the segment loss narrowing from ¥9 million to ¥5 million. - FY2020-Q2RestatedAnnual report
「Although the competitive environment in China remained challenging, the company worked to improve profitability by strengthening the product lineup of Aigan private-label products and Made-in-Japan products to attract more customers. As a result, revenue was ¥75 million, down 0.5% year on year, and the segment loss was ¥5 million, compared with a segment loss of ¥6 million in the same quarter of the previous year.」
Continued efforts to improve profitability by strengthening the assortment of Aigan private-label products and Made-in-Japan products. The loss narrowed from ¥6 million to ¥5 million year on year, but revenue declined 0.5%. - FY2020-Q1AdvancedAnnual report
「In the overseas eyewear retail business, amid an ongoing challenging competitive environment in China, we worked to improve profitability through merchandising initiatives centered on strengthening Aigan private-label products and Made-in-Japan products. As a result, revenue was ¥37 million, up 6.4% year on year, and the segment loss was ¥2 million, compared with a segment loss of ¥4 million in the same quarter of the previous year.」
Implemented merchandising initiatives centered on strengthening Aigan private-label products and Made-in-Japan products, with revenue up 6.4% year on year and the segment loss narrowing from ¥4 million to ¥2 million. - FY2019RestatedAnnual report
「In the overseas eyewear retail business, amid an ongoing challenging competitive environment in China, we are working to improve profitability, but」
Continued efforts to improve profitability in the overseas eyewear retail business amid a challenging competitive environment in China. - FY2019-Q3RestatedAnnual report
「In the overseas eyewear retail business, amid an ongoing challenging competitive environment in China, we are working to improve profitability, but」
Continued disclosure of efforts to improve profitability in the overseas eyewear retail business amid a challenging competitive environment in China. - FY2019-Q2RestatedAnnual report
「In the overseas eyewear retail business, amid an ongoing challenging competitive environment in China, we are working to improve profitability at existing stores, but」
In the overseas eyewear retail business, continued efforts to improve profitability at existing stores in response to the challenging competitive environment. - FY2019-Q1RestatedAnnual report
「Amid an ongoing challenging business environment, we are working to improve profitability at existing stores.」
In the overseas eyewear retail business, continued efforts to improve profitability at existing stores in response to the challenging business environment. - FY2018RestatedAnnual report
「We worked to improve profitability by revitalizing existing stores, expanding the product lineup and pursuing other initiatives.」
In the overseas eyewear retail business, continued efforts to improve profitability by revitalizing existing stores and expanding the product lineup. - FY2018-Q3RestatedAnnual report
「In the overseas eyewear retail business, amid an ongoing challenging business environment, we are working to improve profitability by expanding the product lineup and pursuing other initiatives, but」
Continued efforts to improve profitability in the overseas eyewear retail business through expansion of the product lineup and other measures. - FY2018-Q2RestatedAnnual report
「Amid an ongoing challenging business environment, we are working to improve profitability by expanding the product lineup and pursuing other initiatives.」
Continued efforts to improve profitability in the overseas eyewear retail business through expansion of the product lineup and other measures. - FY2018-Q1First statedAnnual report
「Amid an ongoing challenging business environment, we are working to improve profitability at existing stores.」
For the first time, explicitly stated that the overseas eyewear retail business was working to improve profitability at existing stores in response to the challenging business environment.