Franchise store expansion in China
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019RestatedAnnual report
「As a basic policy, we seek to coexist and prosper with existing retailers, and have entered into Yellow Hat Group store agreements for specific stores.」
The annual report does not indicate any new progress regarding the joint-venture and franchising expansion in China with local companies, and retains the previous description of overseas expansion. - FY2018RestatedAnnual report
「In China, we have entered into an agreement with a local company to establish a joint venture for the development of Yellow Hat stores through a franchisor model. Joint venture term: 20 years from the issuance of the business license.」
The company is reiterating its plans to develop stores through a franchisor model via a joint venture with a local Chinese company, with a contract term of 20 years from the issuance of the business license. - FY2018-Q3AdvancedAnnual report
「Overseas, the company closed the Zhongshan store (Taiwan) in April 2017 and the Shanghai Chengshan Road store (China) in November. In November, it also transferred 5 stores in the Shanghai area of China to a subsidiary of its Chinese joint venture partner.」
The 5 stores in the Shanghai area of China were transferred to a subsidiary of the Chinese joint-venture partner, and concrete steps are being taken to establish an operating structure for expansion in China through joint ventures and franchising. - FY2016First statedAnnual report
「To promote the development of Yellow Hat stores in China under a franchisor model, as Japanese-style comprehensive automotive products stores, the company entered into an agreement with a local company to establish a joint venture.」
The agreement describes the development of stores in China through a joint venture with a local company, introducing Yellow Hat's know-how. The agreement term is 20 years from the issuance of the business license.