Reducing Fixed Costs by ¥3.5 Billion Through the Closure of Company-Operated Stores and Investment in Franchisee Stores
First written in FY2020-Q1. 4 of 8 entries say "Softened", first in FY2021-Q1. Latest entry: FY2022-Q3.
Ministop moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2018: 4 of 36 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2022-Q3SoftenedAnnual report
「Regarding selling, general and administrative expenses, the company focused on controlling costs, particularly personnel expenses, by reducing operating labor hours at company-operated stores and streamlining head-office functions through the use of RPA for routine tasks and the active introduction of online meetings.」
Cost-reduction measures are continuing, but the previously indicated ¥3.5 billion in fixed-cost reductions and the redirection of those savings to franchisee investment are not mentioned. - FY2022-Q1SoftenedAnnual report
「Regarding selling, general and administrative expenses, the company focused on controlling costs, particularly personnel expenses, by reducing operating labor hours at company-operated stores and the number of company-operated stores, and streamlining head-office functions through the use of RPA for routine tasks and the active introduction of online meetings.」
Fixed-cost reductions through company-operated store closures are continuing, but the previously indicated ¥3.5 billion in fixed-cost reductions and the redirection of those savings to franchisee investment are not mentioned. - FY2021-Q2SoftenedAnnual report
「Selling, general and administrative expenses declined as a result of reducing fixed costs such as store land and building rent through planned closures in the previous fiscal year.」
Fixed-cost reductions through planned closures were reported, but there is no mention of the previously indicated ¥3.5 billion reduction forecast or explicitly redirecting those funds to franchisee investment. - FY2021-Q1SoftenedAnnual report
「Selling, general and administrative expenses declined as a result of reducing fixed costs such as store land and building rent through planned closures in the previous fiscal year.」
Actual fixed-cost reductions were reported, but this disclosure does not state the previously indicated ¥3.5 billion reduction forecast or explicitly mention redirecting those funds to franchisee investment. - FY2020AdvancedAnnual report
「We will reduce the number of company-operated stores and invest in increasing sales at existing franchises.」
We identified the reduction of company-operated stores and investment in increasing sales at existing franchises as key measures for the fiscal year. We closed 237 domestic stores and supported franchisees' ordering of daily-delivery products throughout the year. - FY2020-Q3AdvancedAnnual report
「As a result, we expect fixed costs to decline by ¥3.5 billion. In the third quarter, we also invested those funds in ordering support for daily-delivery products and worked to improve the competitiveness of individual stores.」
We maintained the forecast for ¥3.5 billion in fixed-cost reductions and directed the savings toward ordering support for daily-delivery products in the third quarter as well. - FY2020-Q2AdvancedAnnual report
「As a result, we expect fixed costs to decline by ¥3.5 billion this fiscal year. In the first half, we invested those funds in ordering support for daily-delivery products, mainly rice balls, and worked to improve the competitiveness of individual stores.」
We maintained the forecast for ¥3.5 billion in fixed-cost reductions and directed those funds in the first half toward ordering support for daily-delivery products, mainly rice balls. - FY2020-Q1First statedAnnual report
「Going forward, we expect fixed costs to decline by ¥3.5 billion. We plan to continue investing those funds in franchisees as product sales-promotion expenses and improve ordering, mainly for daily-delivery products.」
We initially specified a target of ¥3.5 billion in fixed-cost reductions through the closure of company-operated stores and redirecting those funds to franchisees to expand product sales and improve ordering.