Restraining store opening and renovation investment with a focus on cash flow
First written in FY2021-Q1. 9 of 15 entries say "Advanced", first in FY2021. Latest entry: FY2025.
2 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「Following the recovery in profitability during the medium-term management plan covering the 3 years from the fiscal year ending February 2023 through the fiscal year ending February 2025, the new medium-term management plan will direct investment toward further growth.」
The company shifted from restraining new-store and remodeling investments to prioritize cash flow during the infectious disease outbreak to directing funds toward growth investment following the recovery in profitability, and the previous restraint measures were no longer disclosed as the current policy. - FY2025-H1AdvancedAnnual report
「During the interim consolidated accounting period, the number of stores being converted to the new service model increased by 48, from 412 to 460, while takeaway- and delivery-only stores increased by 6, from 37 to 43.」
The company continued converting stores to the new service model after resuming the program following the period of restraint, bringing the number of target stores to 460 and takeout and delivery specialty stores to 43. - FY2025-Q1AdvancedAnnual report
「The number of stores being converted to the new service model increased by 18, from 412 at the end of the previous fiscal year to 430, while the number of takeout and delivery specialty stores increased from 37 to 39.」
The company continued investing in the next-generation model after resuming investment following the period of restraint. New service-model stores increased by 18 from the end of the previous fiscal year to 430, while takeout and delivery specialty stores totaled 39. - FY2024-Q3AdvancedAnnual report
「The number of stores converted to the new service model, “Cooking & Comfort” and “Jigsaw Counter,” reached 377 after 14 new store openings and renovations at 64 stores.」
The company continued investing in and converting stores to the next-generation model, expanding the number of target stores to 377 through 14 new openings and 64 remodelings. - FY2024-Q2AdvancedAnnual report
「The number of stores converted to the new service model, “Cooking & Comfort” and “Jigsaw Counter,” reached 350 after 10 new store openings and renovations at 41 stores.」
The company continued opening and remodeling next-generation-model stores after resuming the investment, bringing the number of Cooking & Comfort and Jigsaw Counter stores to 350. - FY2024-Q1AdvancedAnnual report
「The number of stores converted to the new service models, “Cooking & Comfort” and “Jigsaw Counter,” reached 324 after 4 new stores were opened and 21 stores were renovated.」
The company continued converting stores to the next-generation model, which had been resumed after the period of restraint, through new openings and remodeling, bringing the number of Cooking & Comfort and Jigsaw Counter stores to 324. - FY2023RaisedAnnual report
「“Accelerating growth investment” means increasing the pace of remodeling and conversion to the new service-model stores at Yoshinoya, the Group’s core business, with more than 100 stores to be remodeled during the period.」
The company presented a more specific and ambitious investment plan to remodel more than 100 new service-model stores in FY2024, following the period when remodeling investment had been restrained under its cash flow-focused policy. - FY2023-Q3AdvancedAnnual report
「The number of Cooking & Comfort (C&C) stores reached 218 after 8 new stores were opened and 45 stores were remodeled.」
Domestic Yoshinoya advanced the conversion to C&C stores through 45 remodelings and 8 new openings, bringing the total from 198 stores in the previous quarter to 218. - FY2023-Q2AdvancedAnnual report
「The number of Cooking & Comfort (C&C) stores reached 198 after 4 new stores were opened and 29 stores were remodeled.」
Domestic Yoshinoya advanced the conversion of 29 stores to the C&C format, bringing the number of C&C stores, including new stores, to 198. - FY2023-Q1AdvancedAnnual report
「The number of Cooking & Comfort (C&C) stores reached 174 after 8 stores were remodeled.」
After resuming previously restrained remodeling investment, domestic Yoshinoya advanced the conversion of 8 stores to the C&C format, bringing the cumulative total to 174 stores. - FY2022SoftenedAnnual report
「We have also resumed remodeling domestic Yoshinoya stores to the new “Cooking & Comfort” model and will significantly increase the number of remodeled stores.」
The company resumed remodeling investment that had been restrained under its cash flow-focused policy and shifted to a policy of significantly increasing the number of remodeled stores. - FY2022-Q2SoftenedAnnual report
「As profitability improves, we are gradually moving ahead with remodeling domestic Yoshinoya stores to the next-generation “Cooking & Comfort” model, for which remodeling investment had been restrained, and will actively increase the number of remodeled stores.」
Following the improvement in profitability, the company gradually resumed remodeling investment in domestic Yoshinoya stores to the next-generation model, which had previously been restrained, and shifted to a policy of increasing the number of remodeled stores. - FY2021AdvancedAnnual report
「In response to the decline in revenue, we prioritized cash flow in the current fiscal year, restrained the store-opening and renovation investments initially planned, and proceeded with the closure of directly operated stores that were unprofitable or unlikely to see a recovery in revenue.」
Based on its cash flow-focused policy, the company restrained planned investments in new stores and remodeling and closed company-operated stores. - FY2021-Q3RestatedAnnual report
「In response to the decline in revenue, we are prioritizing cash flow in the current fiscal year, restraining the store-opening and renovation investments initially planned, and proceeding with the closure of stores that are unprofitable or unlikely to see a recovery in revenue.」
The company continues to prioritize cash flow, restrain investments in new stores and remodeling, and proceed with closing unprofitable stores and stores with little prospect of recovery. - FY2021-Q1First statedAnnual report
「In response to the decline in sales, we prioritized cash flow during the current fiscal year and also restrained the planned investments in new stores and remodeling.」
To address the decline in sales caused by the infectious disease, the company first disclosed a policy of prioritizing cash flow during the current fiscal year and restraining planned investments in new stores and remodeling.