Turning the Overseas Business Profitable
First written in FY2020-Q1. 20 of 32 entries say "Mitigated", first in FY2022-Q1. Latest entry: 2026-10-10.
The whole theme swung hardest in 2022: 4 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- 2026-10-10Mitigatedfinance.biggo.jp
「ベトナム事業は構造改革が進捗し、第2四半期に6,000万円の営業黒字を達成（前年同期は赤字）。」
ベトナム事業は第2四半期に前年同期の赤字から営業黒字へ転換し、海外事業の黒字化目標に向けて改善した。 - FY2027-H1MitigatedAnnual report
「As a result, operating expenses per store fell below the level in the same period a year earlier. Together with the merchandising transformation, steady progress in improving profitability at individual stores enabled the company to return to operating profitability in the second quarter of the current consolidated accounting period.」
In Vietnam, the company reduced operating expenses and advanced its merchandising transformation, returning to operating profitability in the second quarter. Overseas operations still recorded an operating loss of ¥25 million on a cumulative full-year basis, but the company demonstrated concrete progress toward its profitability target. - FY2026MitigatedAnnual report
「Progress in improving individual-store models through merchandising and operational reforms resulted in a quarterly operating profit in the fourth quarter for the first time in 3 years.」
Vietnam's operating loss narrowed from ¥1,088 million to ¥274 million, and quarterly operating profit turned positive for the first time in 3 years in the fourth quarter. However, an operating loss remained for the full year. - FY2026-H1MitigatedAnnual report
「MINISTOP VIETNAM COMPANY LIMITED worked to establish the merchandising policy at the core of its business and redesign its individual-store profitability model. It also systematically closed unprofitable stores to improve business profit. Operating gross revenue from the overseas business for the interim consolidated accounting period was ¥4,650 million, or 96.8% of the year-earlier period, and the operating loss was ¥259 million, compared with an operating loss of ¥632 million in the year-earlier period.」
In Vietnam, the merchandising policy and individual-store profitability model were redesigned, and unprofitable stores were systematically closed, narrowing the overseas operating loss from ¥632 million in the year-earlier period to ¥259 million. - FY2025WorsenedAnnual report
「As a result, operating gross revenue from the overseas business for the fiscal year was ¥9,495 million, or 114.4% of the previous fiscal year, and the operating loss was ¥1,088 million, compared with an operating loss of ¥413 million in the previous fiscal year.」
Although revenue growth, store openings and merchandising reforms progressed in Vietnam, the overseas business's operating loss widened from ¥413 million to ¥1,088 million, representing a setback from the profitability target. - 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 store expansion and sales growth progressed in Vietnam, the overseas business's operating loss widened year on year, leaving the target of achieving operating profitability unmet and further out of reach. - FY2025-Q1WorsenedAnnual report
「Vietnam announced an estimated real GDP growth rate of 5.66% year on year, a slowdown from the 6% growth rate in the previous quarter, October–December 2023.」
The overseas business pursued both store expansion and a return to profitability in Vietnam, but the operating loss widened from ¥63 million in the year-earlier period to ¥305 million because of advance investment associated with store expansion and other factors, representing a setback from the profitability target. - FY2024WorsenedAnnual report
「Store openings were expanded and existing new-format stores were renovated to establish a new dominant market presence, while support functions underpinning the business were developed and advance investment in systems, equipment and personnel was accelerated. As a result, operating gross revenue increased by ¥1,216 million from the year-earlier period, while the operating loss was ¥413 million.」
Although revenue increased and stores and operating structures were developed in Vietnam, advance investment caused the overseas operating loss to widen from ¥204 million in the previous fiscal year to ¥413 million, representing a setback from the target of achieving operating profitability. - FY2024-Q3WorsenedAnnual report
「As a result, operating gross revenue from the overseas business for the first nine months was ¥5,984 million, or 118.4% of the year-earlier period, and the operating loss was ¥308 million, compared with an operating loss of ¥253 million in the year-earlier period.」
Although operating gross revenue increased on higher revenue from the Vietnam business, the overseas business's operating loss widened from ¥253 million in the year-earlier period to ¥308 million, and it has not yet turned profitable at the operating level. - FY2024-Q2MitigatedAnnual report
「As a result, operating gross revenue from the overseas business for the first half was ¥3,851 million, or 121.2% of the year-earlier period, and the operating loss was ¥157 million, compared with an operating loss of ¥208 million in the year-earlier period.」
New-format store openings and renovations and the establishment of a store operating model progressed in Vietnam, narrowing the overseas business's operating loss from ¥208 million in the year-earlier period to ¥157 million. The business has still not turned profitable at the operating level. - FY2024-Q1MitigatedAnnual report
「In the overseas business, the number of stores and a new format were expanded in Vietnam, where growth investment is being made as a company-operated multi-store business. As a result, operating gross revenue increased by ¥485 million from the year-earlier period and the operating loss narrowed by ¥34 million.」
The number of stores was expanded and a new format was established in Vietnam, narrowing the overseas business's operating loss from ¥97 million in the year-earlier period to ¥63 million. - FY2023-Q3MitigatedAnnual report
「As a result, operating gross revenue from the overseas business for the first nine months was ¥5,053 million, compared with ¥85,827 million in the year-earlier period, and the operating loss was ¥253 million, compared with an operating loss of ¥1,182 million in the year-earlier period.」
Although operating gross revenue declined substantially following the exclusion of the Korean and Chinese businesses from consolidation, the overseas operating loss narrowed from ¥1,182 million in the year-earlier period to ¥253 million. The business has not yet turned profitable at the operating level. - FY2023-Q2MitigatedAnnual report
「As a result, operating gross revenue from the overseas business for the first half was ¥3,178 million, compared with ¥57,255 million in the year-earlier period, and the operating loss was ¥208 million, compared with an operating loss of ¥898 million in the year-earlier period.」
Although operating gross revenue declined sharply following the exclusion of the Korean and Chinese businesses from consolidation, the overseas operating loss narrowed from ¥898 million to ¥208 million as profitability improved in Vietnam. - FY2023-Q1MitigatedAnnual report
「As a result, operating gross revenue from the overseas business for the first quarter was ¥1,382 million, compared with ¥27,939 million in the year-earlier period, and the operating loss was ¥97 million, compared with an operating loss of ¥646 million in the year-earlier period.」
Although operating gross revenue declined sharply following the exclusion of the Korean business from consolidation, the overseas business's operating loss narrowed from ¥646 million to ¥97 million through a focus on Vietnam and improved profitability. The business has not yet turned profitable at the operating level. - FY2022MitigatedAnnual report
「As a result, operating gross revenue from the overseas business for the fiscal year was ¥110,252 million, or 105.0% of the previous fiscal year, and the operating loss was ¥1,967 million, compared with an operating loss of ¥2,537 million in the previous fiscal year.」
Operating gross revenue from the overseas business was 105.0% of the previous fiscal year, and the operating loss also narrowed from ¥2,537 million to ¥1,967 million. However, the business has not yet turned profitable at the operating level. - 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).」
The overseas business's operating loss narrowed from ¥1,617 million in the year-earlier period to ¥1,182 million, but it has not yet turned profitable at the operating level. - FY2022-Q2MitigatedAnnual report
「As a result, the number of stores in overseas markets stood at 3,305 at the end of the second quarter. Operating gross revenue from the overseas business for the first half was ¥57,255 million, or 109.4% of the year-earlier period, and the operating loss was ¥898 million, compared with an operating loss of ¥1,121 million in the year-earlier period.」
Operating gross revenue from the overseas business was 109.4% of the year-earlier period, and the operating loss narrowed from ¥1,121 million in the year-earlier period to ¥898 million. However, the business has not yet turned profitable at the operating level. - 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).」
The overseas business's operating loss narrowed by ¥202 million from the year-earlier period, but it has not yet turned profitable at the operating level. - FY2021-Q3WorsenedAnnual report
「As a result, the number of stores in overseas markets stood at 3,322 at the end of the third quarter. Operating gross revenue from the overseas business for the first nine months was ¥79,502 million, or 92.4% of the year-earlier period. The operating loss was ¥1,617 million, compared with an operating loss of ¥341 million in the year-earlier period.」
The overseas business's operating loss widened from ¥341 million in the year-earlier period to ¥1,617 million, representing a setback from the targets of achieving operating profitability and contributing to consolidated operating profit. - FY2021-Q2WorsenedAnnual report
「As a result, the number of stores in overseas markets stood at 3,318 at the end of the second quarter. Operating gross revenue from the overseas business for the first half was ¥52,317 million, or 90.1% of the year-earlier period. The operating loss was ¥1,121 million, compared with an operating loss of ¥261 million in the year-earlier period.」
Operating gross revenue from the overseas business was 90.1% of the year-earlier period, while the operating loss widened from ¥261 million in the year-earlier period to ¥1,121 million, representing a further setback from the target of achieving operating profitability. - FY2021-Q1WorsenedAnnual report
「As a result, the number of stores in overseas markets stood at 3,343 at the end of the first quarter. Operating gross revenue from the overseas business for the first quarter was ¥25,088 million, or 84.9% of the year-earlier period, and the operating loss was ¥848 million, compared with an operating loss of ¥212 million in the year-earlier period.」
The overseas business's operating loss widened from ¥212 million in the year-earlier period to ¥848 million, representing a setback from the target of achieving operating profitability. - FY2020Losses narrow, but profitability not achievedAnnual report
「In the overseas business, investments in existing stores, franchising and new store openings were pursued in each country to increase sales and improve profitability.」
As a result of investments in existing stores, franchising and new store openings, the overseas business's operating loss narrowed from ¥896 million in the previous fiscal year to ¥819 million, but it has not yet turned profitable at the operating level. - FY2020-Q3RestatedAnnual report
「The company will strengthen progress management in its overseas business so that it contributes to increasing consolidated operating profit.」
The policy of making the overseas business a contributor to consolidated operating profit remains in place, but no explicit target for turning it profitable at the operating level has been stated. - FY2020-Q2SoftenedAnnual report
「For the overseas business, we expect profitability to improve through improvement initiatives at overseas companies. We will manage progress so that it becomes a business that drives consolidated operating profit growth.」
The wording presented in the previous quarter, “turning from an operating loss to operating profitability,” was not repeated; instead, the disclosure stated that profitability at overseas companies and their contribution to consolidated operating profit were expected to improve. - FY2020-Q1First statedAnnual report
「For the overseas business, we expect profitability to improve through improvement initiatives at overseas companies. At the operating-profit level, the business is entering a phase of turning profitable from the loss reported in the previous year. We will manage progress so that it becomes a business that drives consolidated operating profit growth.」
We presented, for the first time, a target of turning the overseas business from an operating loss to operating profitability through improvement initiatives and progress management at overseas companies, making it a business that drives consolidated operating profit growth.