Impact on earnings from South Korean tax effects, foreign exchange and a change in the scope of consolidation
First written in FY2017-Q1. 13 of 24 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2025-H1.
Ministop moved to the "Worse" side of this theme in 2016, 5 years before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 6 of 23 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「Operating revenue from the overseas business for the current interim consolidated accounting period was ¥480.6 million (124.8% year on year), and operating loss was ¥632 million (compared with operating loss of ¥157 million in the same period of the previous year).」
Although revenue increased in Vietnam, operating loss in the overseas business increased from ¥157 million in the same period of the previous year to ¥632 million, moving the business further away from its target of becoming profitable. - FY2024WorsenedAnnual report
「As a result, operating revenue from the overseas business for the fiscal year was ¥829.9 million (117.2% year on year), and operating loss was ¥413 million (compared with operating loss of ¥204 million in the previous fiscal year).」
Although operating revenue from the overseas business increased due to higher revenue from Vietnam, operating loss increased from ¥204 million in the previous fiscal year to ¥413 million due to the impact of upfront investments and other factors. - FY2023-Q3MitigatedAnnual report
「Although operating revenue from the overseas business declined after Korean Ministop Co., Ltd. was excluded from consolidation from the beginning of the first quarter and Qingdao Ministop Co., Ltd. in China was excluded from consolidation from the second quarter, operating loss narrowed from the same period of the previous year as earnings from the Vietnam business improved.」
The scale of earnings contracted after the Korean and Chinese businesses were excluded from consolidation, but overseas operating loss narrowed from ¥1,182 million in the same period of the previous year to ¥253 million due to improvements in the Vietnam business. - FY2022MitigatedAnnual report
「In connection with this share transfer, the company will be excluded from the scope of consolidation from the beginning of the fiscal year ending February 2023.」
The transfer of all shares in Korean Ministop indicated a direction of separating the group from the future effects of the Korean subsidiary's earnings, foreign exchange and changes in the scope of consolidation. - FY2022-Q3MitigatedAnnual report
「Operating revenue from the overseas business for the first nine months was ¥8,582.7 million (108.0% year on year), and operating loss was ¥1,182 million (compared with operating loss of ¥1,617 million in the same period of the previous year).」
Operating revenue from the overseas business was 108.0% of the level in the same period of the previous year, and operating loss also narrowed from ¥1,617 million to ¥1,182 million. - FY2022-Q1MitigatedAnnual report
「As a result, the number of stores in overseas areas at the end of the first quarter of the current consolidated accounting period was 3,304. Operating revenue from the overseas business for the first three months was ¥2,793.9 million (111.4% year on year), and operating loss was ¥646 million (compared with operating loss of ¥848 million in the same period of the previous year).」
Operating revenue from the overseas business was 111.4% of the level in the same period of the previous year, and operating loss also narrowed from ¥848 million to ¥646 million. - FY2021-Q3WorsenedAnnual report
「The number of stores in overseas areas at the end of the third quarter of the current consolidated accounting period was 3,322. Operating revenue from the overseas business for the first nine months was ¥7,950.2 million (92.4% year on year). Operating loss was ¥1,617 million (compared with operating loss of ¥341 million in the same period of the previous year).」
Operating revenue from the overseas business was 92.4% of the level in the same period of the previous year, and operating loss increased from ¥341 million to ¥1,617 million. - FY2021-Q2WorsenedAnnual report
「Operating loss was ¥1,121 million (compared with operating loss of ¥261 million in the same period of the previous year).」
Operating loss in the overseas business increased from ¥261 million in the same period of the previous year to ¥1,121 million, worsening the impact of the overseas business on earnings. - FY2021-Q1WorsenedAnnual report
「Operating revenue fell below the same period of the previous year due to the impact of the spread of COVID-19, the depreciation of the South Korean won, and a decline in the number of domestic stores.」
The depreciation of the South Korean won emerged in the results as a factor behind the year-on-year decline in operating revenue. - FY2020MitigatedAnnual report
「As a result, operating revenue from the overseas business for the fiscal year was ¥11,203.0 million (91.8% year on year), and operating loss was ¥819 million (compared with operating loss of ¥896 million in the previous fiscal year).」
Operating loss in the overseas business narrowed from ¥896 million in the previous fiscal year to ¥819 million. However, operating revenue was 91.8% of the level in the previous fiscal year. - FY2020-Q3WorsenedAnnual report
「As a result, the number of stores in overseas areas at the end of the third quarter of the current consolidated accounting period was 3,314. Operating revenue from the overseas business for the first nine months was ¥8,606.3 million (90.8% year on year). Operating loss was ¥341 million (compared with operating loss of ¥249 million in the same period of the previous year).」
Operating revenue from the overseas business was 90.8% of the level in the same period of the previous year, and operating loss increased from ¥249 million to ¥341 million. - FY2020-Q2WorsenedAnnual report
「As a result, the number of stores in overseas areas at the end of the second quarter of the current consolidated accounting period was 3,289. Operating revenue from the overseas business for the first six months was ¥5,809.0 million (91.8% year on year). Operating loss was ¥261 million (compared with operating loss of ¥192 million in the same period of the previous year).」
Operating loss in the overseas business increased from ¥192 million in the same period of the previous year to ¥261 million, while operating revenue was 91.8% of the level in the same period of the previous year. - FY2020-Q1MitigatedAnnual report
「As a result, the number of stores in overseas areas at the end of the first quarter of the current consolidated accounting period was 3,266. Operating revenue from the overseas business for the first three months was ¥2,954.2 million (95.9% year on year). Operating loss was ¥212 million (compared with operating loss of ¥302 million in the same period of the previous year), indicating an improving trend.」
Operating loss in the overseas business narrowed from ¥302 million in the same period of the previous year to ¥212 million, narrowing the loss. - FY2019MitigatedAnnual report
「Operating revenue from the overseas business for the fiscal year was ¥12,207.2 million (99.2% year on year), and operating loss was ¥896 million (compared with operating loss of ¥1,116 million in the previous fiscal year).」
Operating loss in the overseas business narrowed from ¥1,116 million to ¥896 million, narrowing the loss. - FY2019-Q3MitigatedAnnual report
「Operating revenue from the overseas business for the first nine months was ¥9,482.0 million (101.2% year on year), and operating loss was ¥249 million (compared with operating loss of ¥492 million in the same period of the previous year), narrowing the loss from the same period of the previous year.」
Operating loss in the overseas business narrowed from ¥492 million in the same period of the previous year to ¥249 million, narrowing the loss. - FY2019-Q2MitigatedAnnual report
「The number of stores in overseas areas at the end of the second quarter of the current consolidated accounting period was 3,214. Operating revenue from the overseas business for the first six months was ¥6,328.1 million (102.4% year on year), and operating loss was ¥192 million (compared with operating loss of ¥348 million in the same period of the previous year).」
Operating loss in the overseas business narrowed from ¥348 million in the same period of the previous year to ¥192 million, partially reducing the impact on earnings. - FY2019-Q1MitigatedAnnual report
「As a result, the number of stores in overseas regions at the end of the first quarter of the current fiscal year was 3,198. Operating revenue from overseas operations for the three-month period was ¥30,812 million, or 102.0% year on year. The operating loss was ¥302 million, compared with an operating loss of ¥334 million in the same period of the previous year.」
Operating revenue from overseas operations was 102.0% of the same period of the previous year, while the operating loss narrowed from ¥334 million to ¥302 million. - FY2018WorsenedAnnual report
「For the fiscal year, operating revenue from overseas operations was ¥123,109 million, or 108.0% of the previous fiscal year's level, and the operating loss was ¥1,116 million, compared with an operating loss of ¥903 million in the previous fiscal year.」
While operating revenue from overseas operations increased, the operating loss widened from ¥903 million to ¥1,116 million. - FY2018-Q2WorsenedAnnual report
「The number of stores in 4 overseas regions at the end of the second quarter of the current fiscal year was 3,058. Operating revenue from overseas operations for the nine-month period was ¥61,817 million, or 107.8% year on year. The operating loss was ¥348 million, compared with an operating loss of ¥277 million in the same period of the previous year.」
While operating revenue from overseas operations increased, the operating loss widened from ¥277 million in the same period of the previous year to ¥348 million. - FY2018-Q1WorsenedAnnual report
「The number of stores in 4 overseas regions at the end of the first quarter of the current fiscal year was 3,025. Operating revenue from overseas operations for the six-month period was ¥30,209 million, or 106.8% year on year. The operating loss was ¥334 million, compared with an operating loss of ¥259 million in the same period of the previous year.」
While operating revenue from overseas operations increased, the operating loss widened from ¥259 million in the same period of the previous year to ¥334 million. The earnings impact of overseas store expansion and renovations is reflected in the results. - FY2017WorsenedAnnual report
「For the fiscal year, operating revenue from overseas operations was ¥113,959 million, or 86.0% of the previous fiscal year's level, and the operating loss was ¥903 million, compared with an operating loss of ¥221 million in the previous fiscal year.」
The operating loss in overseas operations widened from ¥221 million in the previous year to ¥903 million. The company also cited the impact of initial investment in new-format stores in Korea, foreign exchange, and differences in accounting periods. - FY2017-Q3WorsenedAnnual report
「Operating profit fell below the previous year due to higher selling, general and administrative expenses at Ministop Co., Ltd. and Korean Ministop Co., Ltd., as well as increased initial costs associated with opening stores of MINISTOP VIETNAM COMPANY LIMITED, which became a consolidated subsidiary from the previous fiscal year. Operating revenue from overseas operations was ¥86,382 million, or 99.4% year on year, and the operating loss was ¥382 million, compared with operating profit of ¥360 million in the same period of the previous year.」
In overseas operations, including Korea and Vietnam, higher selling, general and administrative expenses and initial store-opening costs caused the operating result to deteriorate from operating profit of ¥360 million in the same period of the previous year to an operating loss of ¥382 million. - FY2017-Q2WorsenedAnnual report
「Meanwhile, due to the decline in operating profit at Korean Ministop Co., Ltd., the impact of foreign exchange, and the effect of making MINISTOP VIETNAM COMPANY LIMITED a consolidated subsidiary from the previous fiscal year, the operating loss was ¥277 million, compared with operating profit of ¥259 million in the same period of the previous year.」
The effects of lower profits in Korea, foreign exchange, and the consolidation of the Vietnamese subsidiary continued, with overseas operations deteriorating from operating profit of ¥259 million in the same period of the previous year to an operating loss of ¥277 million. - FY2017-Q1First statedAnnual report
「An operating loss of ¥259 million, due to the decline in operating profit at Korean Ministop Co., Ltd., the impact of foreign exchange, and the effect of making MINISTOP VIETNAM COMPANY LIMITED a consolidated subsidiary」
The aftereffects of the tobacco tax increase, foreign exchange, and the consolidation of the Vietnamese subsidiary were reflected in actual profit and loss as factors causing fluctuations in overseas business earnings.