Business structure reform involving the closure of up to 150 stores in Japan and overseas
First written in FY2021-Q1. 10 of 12 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2023.
The whole theme swung hardest in 2018: 4 of 36 companies on the "Worse" side.
27 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「During the period, 4 stores were opened and 22 stores were closed, bringing the total to 445 stores.」
As part of its restructuring and store rationalization, Hanamaru closed more stores than it opened. The store networks of Yoshinoya and the overseas operations are also being reviewed, including closures. - FY2023-Q3AdvancedAnnual report
「During the period, 1 store was opened and 12 stores were closed, bringing the total to 452 stores.」
As part of its business restructuring and store rationalization, Hanamaru closed 12 stores, bringing the total to 452 stores. - FY2023-Q2AdvancedAnnual report
「During the period, 9 stores were closed, bringing the total to 454 stores.」
As part of its business restructuring, Hanamaru closed 9 stores. Closures also occurred at Yoshinoya and overseas. - FY2023-Q1AdvancedAnnual report
「During the period, 8 stores were closed, bringing the total to 455 stores.」
As part of its restructuring and store rationalization, Hanamaru closed 8 stores. - FY2022AdvancedAnnual report
「Yoshinoya Co., Ltd. Kanagawa Prefecture, Yokohama and elsewhere 47 stores Yoshinoya Operating assets 209 February 2022 to January 2023」
The company disclosed plans to write off the operating assets of 47 Yoshinoya stores in the following fiscal year as part of the business restructuring and store rationalization. - FY2022-Q3AdvancedAnnual report
「During the period, 11 stores were opened and 13 were closed, bringing the total to 1,187 stores.」
As part of structural reform, closures have continued to exceed openings at Yoshinoya, Hanamaru and overseas operations, and the policy including the closure of unprofitable stores and other locations is being implemented. - FY2022-Q2AdvancedAnnual report
「During the period, 5 stores were opened and 11 were closed, bringing the total to 1,183 stores.」
Closures continued as part of business structural reform, with 11 Yoshinoya stores closed cumulatively during the current quarter. In Hanamaru and overseas operations as well, closures exceeded openings. - FY2022-Q1AdvancedAnnual report
「During the period, 6 stores were closed, bringing the total to 469 stores.」
As part of structural reform, 6 Hanamaru stores were closed. Closures also occurred at Yoshinoya and overseas, and business structural reform, including restrained openings and store closures, is continuing. - 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.」
We carried out the closure of directly operated stores that were unprofitable or unlikely to see a recovery in revenue and advanced structural reforms that restrained store-opening and renovation investments. - FY2021-Q3RestatedAnnual report
「Although this will be adjusted in line with the actual pace of revenue recovery, we expect to close approximately 150 directly operated stores in Japan and overseas due to the impact of the spread of COVID-19.」
The structural-reform policy of closing approximately 150 directly operated stores in Japan and overseas continues. - FY2021-Q2AdvancedAnnual 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.」
In line with the policy of closing up to approximately 150 stores, the closure of unprofitable stores and stores with little prospect of revenue recovery was described as having entered the execution stage. Closures have in fact exceeded openings in each segment. - FY2021-Q1First statedAnnual report
「Although this will be adjusted in line with the actual pace of revenue recovery, we have factored in the closure of up to approximately 150 stores in Japan and overseas. By reviewing the cost structure across the group, we will transform the business into one capable of generating profit even if consolidated revenue remains at 90% of the previous fiscal year's level.」
A new structural-reform target was presented, incorporating the closure of up to 150 stores in Japan and overseas depending on the pace of revenue recovery after the pandemic. The goal of transforming the business into one capable of generating profit even at 90% of the previous fiscal year's revenue level was also stated.