Franchise Operations and Store Expansion in China
First written in FY2017-Q1. 11 of 22 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2023-Q2.
0 other companies' latest entry also says "Achieved".
- FY2023-Q2AchievedAnnual report
「In addition, as all liquidation procedures for our former consolidated subsidiary 青島ミニストップ有限公司 were completed during the second quarter of the fiscal year, it was excluded from the scope of consolidation.」
The liquidation procedures for 青島ミニストップ有限公司 were completed, and its exclusion from the scope of consolidation of the China business was completed. - FY2022AchievedAnnual report
「青島ミニストップ有限公司 in China resolved to liquidate the company on 6 September 2021, and completed the liquidation procedures in April 2022.」
Following the end of operations by 青島ミニストップ有限公司, the liquidation procedures were completed in April 2022, completing the withdrawal from the China business. - FY2022-Q3AchievedAnnual report
「The number of stores operated by 青島ミニストップ有限公司, which decided to dissolve and liquidate, stood at 10 as of the end of the third quarter of the current fiscal year (end of September 2021). Store operations were terminated on 15 October 2021.」
Following the decision to dissolve and liquidate 青島ミニストップ有限公司, store operations ended on 15 October 2021, and the withdrawal from the China business was carried out. - FY2022-Q2ReframedAnnual report
「From the perspective of optimizing group management and concentrating and improving the efficiency of management resources, we decided to dissolve and liquidate our consolidated subsidiary 青島ミニストップ有限公司. The number of stores operated by 青島ミニストップ有限公司, whose dissolution was decided, will be 68 at the end of the second quarter of the fiscal year.」
The policy changed from the previous direction of franchise operations and store expansion in China to withdrawing from the business through the dissolution and liquidation of 青島ミニストップ有限公司. The number of stores was 68. - FY2022-Q1Existing-store daily sales improved despite a decline in the number of storesAnnual report
「青島ミニストップ有限公司 in China strengthened its range of beverages, which account for a high proportion of sales, and in-store-prepared fast-food products that differentiate the company from competitors, using franchisee meetings and online conferences. Existing-store daily sales reached 101.6% of the previous year's level. The number of stores at the end of the first quarter of the fiscal year was 74.」
Existing-store daily sales reached 101.6% through franchisee meetings and online conferences and stronger beverage and in-store-prepared product offerings, while the number of stores declined to 74. - FY2021-Q3WorsenedAnnual report
「青島ミニストップ有限公司 in China rebuilt its planograms for drinks, which account for a high proportion of sales, to optimize the range of new and standard products. However, existing-store daily sales were 75.2% of the previous year's level as customer numbers declined due to fewer tourists. The number of stores at the end of the third quarter of the fiscal year was 89.」
Although drink planograms were rebuilt, existing-store daily sales were 75.2% of the previous year's level as customer numbers declined due to fewer tourists, and the number of stores fell from 95 at the end of the previous quarter to 89. - FY2021-Q2WorsenedAnnual report
「青島ミニストップ有限公司 in China strengthened initiatives for priority products such as drinks and dairy products, but existing-store daily sales were 72.1% of the previous year's level as customer numbers declined due to fewer tourists. The number of stores at the end of the second quarter of the fiscal year was 95.」
Despite strengthening priority products, existing-store daily sales were 72.1% of the previous year's level as customer numbers declined due to fewer tourists. The number of stores fell from 101 at the end of the previous quarter to 95. - FY2021-Q1WorsenedAnnual report
「青島ミニストップ有限公司 in China temporarily suspended sales of some fast-food products to reduce the risk of COVID-19 infection. Although new products were introduced proactively, existing-store daily sales were 71.9% of the previous year's level. The number of stores at the end of the first quarter of the fiscal year was 101.」
In China, some products were withdrawn from sale and new products were introduced, but existing-store daily sales were 71.9%, and the number of stores fell from 104 at the end of the previous fiscal year to 101. - FY2020AdvancedAnnual report
「青島ミニストップ有限公司 in China recorded existing-store daily sales at 92.5% of the previous year's level. Competition from other industry players intensified rapidly in Qingdao, while sales channels also diversified rapidly. We promoted in-store-prepared fast food and customer-attraction initiatives to differentiate ourselves from competitors, but our response came too late. From the current fiscal year, franchisee meetings have been held to establish a cycle for collecting and providing feedback on franchisees' views.」
In China, the response to the competitive environment came too late, and existing-store daily sales were 92.5%. A system for collecting and providing feedback through franchisee meetings was launched. The number of stores at fiscal year-end was 104, an increase of 29 from the previous fiscal year. - FY2020-Q3Store-opening progress and changes in the franchise ratioAnnual report
「青島ミニストップ有限公司 in China recorded existing-store daily sales at 94.5% of the previous year's level. This was because customer numbers fell below plan amid intensifying competition, despite customer-attraction initiatives and store revitalization measures. Store openings and franchising progressed as planned, raising the franchise ratio to 84.0%. The number of stores at the end of the third quarter of the fiscal year was 94.」
In China, existing-store daily sales were 94.5% amid intensifying competition, while store openings and franchising progressed as planned and the number of stores reached 94. - FY2020-Q2AdvancedAnnual report
「青島ミニストップ有限公司 in China recorded existing-store daily sales at 93.5% of the previous year's level, affected by insufficient measures to address declining customer numbers amid intensifying competition. The number of stores at the end of the second quarter of the fiscal year was 86. It also provided management support to Dalian Sanei Group Commercial Management Co., Ltd., including product supplies and personnel dispatch, and began developing stores in Liaoning Province under the dual brand of MINISTOP and Dalian Sanei Group Commercial Management Co., Ltd.」
The number of stores in China increased from 78 at the end of the previous quarter to 86. Management support for Dalian Sanei Group, including product supplies and personnel dispatch, and dual-brand store development began. - FY2020-Q1AdvancedAnnual report
「青島ミニストップ有限公司 in China promoted franchising, raising the franchise ratio to 88.5%. As a result, operating revenue is trending upward. It also began supplying products to ANYWIDE convenience stores operated in Dalian by Dalian Sanei Group. The number of stores at the end of the first quarter of the fiscal year was 78.」
In China, the franchise ratio was raised from 85.3% to 88.5%, and the number of stores increased to 78. Product supplies to ANYWIDE, operated by Dalian Sanei Group, also began. - FY2019AdvancedAnnual report
「青島ミニストップ有限公司 in China introduced two-temperature deli cases to strengthen hot-snack products in its in-store-prepared fast-food range. As a result, existing-store daily sales of in-store-prepared fast food reached 104.6% of the previous year's level. The company also converted company-operated stores to franchises, raising the franchise ratio to 85.3% and improving its operating loss. The number of stores at the end of the fiscal year was 75, an increase of 10 from the previous year.」
Two-temperature deli cases were introduced, hot snacks were strengthened and company-operated stores were converted to franchises. Existing-store daily sales were 104.6%, the franchise ratio was 85.3%, and the number of stores at year-end was 75. - FY2019-Q3AdvancedAnnual report
「青島ミニストップ有限公司 in China converted company-operated stores to franchises, raising the franchise ratio to 85.0%. In addition, the effect of two-temperature deli cases and other measures strengthened continuously since the first half raised the gross profit margin by 1.7 percentage points year on year, contributing to an improvement in operating income. The number of stores at the end of the third quarter of the fiscal year was 74.」
In China, company-operated stores were converted to franchises, raising the franchise ratio to 85.0%. Two-temperature deli cases and other measures improved the gross profit margin by 1.7 percentage points year on year, and the number of stores reached 74. - FY2019-Q2AdvancedAnnual report
「At 青島ミニストップ有限公司 in China, the introduction of two-temperature deli cases was coordinated with product development, resulting in the deli-case category reaching 136.5% of the same period of the previous year. As a result, in-store-prepared fast food reached 108.0% of the previous year's level, improving overall fast-food performance.」
In China, the introduction of two-temperature deli cases was coordinated with product development, resulting in the deli-case category reaching 136.5% and in-store-prepared fast food reaching 108.0%. - FY2019-Q1AdvancedAnnual report
「青島ミニストップ有限公司 in China focused on promoting new in-store-prepared fast-food products, and its "Cheese-Baked Sweet Potato" and "Chocolate Custard Choux" products were well received. A new deli case was introduced in stages from March, and sales of in-store-prepared fast food exceeded the previous year's level. The number of stores at the end of the first quarter of the fiscal year was 64.」
In China, new products and new deli cases were introduced, and sales of in-store-prepared fast food exceeded the previous year's level. - FY2018AdvancedAnnual report
「青島ミニストップ有限公司 in China improved its operating loss as existing-store daily sales exceeded the previous year's level and franchising progressed. The number of stores at the end of the company's fiscal year was 65.」
In China, the operating loss improved through higher existing-store daily sales and progress in franchising. The number of stores at the end of the fiscal year was 65. - FY2018-Q2AdvancedAnnual report
「青島ミニストップ有限公司 in China worked to improve profitability by promoting franchising and expanding and upgrading its ready-to-eat food range. Core fast-food products performed well, and existing-store daily sales improved. Profitability also improved as franchised stores came to account for more than half of the network. The number of stores at the end of the second quarter of the fiscal year was 63.」
In China, franchised stores came to account for more than half of the network, improving profitability. The expansion and quality improvement of ready-to-eat food products also continued, and the number of stores was 63. - FY2017AdvancedAnnual report
「In China, 青島ミニストップ有限公司 improved operating income and loss through higher existing-store daily sales, an increase in the number of stores as franchising progressed, and reductions in selling, general and administrative expenses. The number of stores at the end of the company's fiscal year was 65.」
In China, operating income and loss improved through higher existing-store daily sales, the expansion of franchising and lower selling, general and administrative expenses. The number of stores was 65. - FY2017-Q3AdvancedAnnual report
「The franchise ratio rose to approximately 40%, and profitability improved through measures including a review of the logistics system and the development of low-investment stores. The number of stores at the end of the accounting period (end of September 2016) was 64.」
In China, the franchise ratio was raised to approximately 40%, and profitability improved through a review of the logistics system and the development of low-investment stores. - FY2017-Q2RestatedAnnual report
「We worked to improve profitability by increasing the franchise ratio, reviewing the logistics system and promoting the development of low-investment stores. The number of stores at the end of the accounting period (end of June 2016) was 64.」
In China, increasing the franchise ratio, reviewing the logistics system and developing low-investment stores remain key measures to improve profitability. - FY2017-Q1First statedAnnual report
「We worked to improve profitability, including by promoting franchise operations.」
In China, franchise operations are being used to improve profitability and expand the store network going forward.