Expansion of Renovations, New Stores and High-Margin Products in Vietnam

「As a result, operating expenses per store for the consolidated fiscal year were reduced by 5% from the same period of the previous year. Improvements to the individual-store model progressed through merchandising and operating reforms, and quarterly operating profit returned to profitability in the fourth quarter for the first time in 3 years.」

「In convenience store products, the company revised the composition of its high-value-added assortment of soft drinks, which account for a high proportion of sales, and promoted low prices through customer-oriented promotions. As a result, gross profit from sales grew by more than 140% year on year. / Gross profit from the beverage category grew by more than 150% year on year. / Gross profit from bakery products grew by more than 500% year on year.」

「In response to customer needs, the company renovated 4 existing stores to expand the sales areas for beverages and frozen foods, and renovated 47 stores to install drink counters that communicate the brand concept of high-value-added fruit drinks.」

「The company opened 24 new stores during the interim consolidated accounting period to establish a dominant position in Ho Chi Minh City, bringing the store count as of the end of June 2024 to 183. New stores achieved higher daily sales per store during their initial ramp-up than new stores opened during the same period of the previous year, supported by concentrated store openings and launch promotions that improved customer awareness.」

「The company continued to develop a back-office support system to enable the operation of multiple directly managed stores, and pursued operating efficiencies, including the superintendent system, under which one store manager manages multiple stores. The superintendent system was expanded to 33 units, or approximately 40% of all stores.」

「The company opened 32 new stores, including stores using the new format, and renovated 9 existing stores, bringing the store count at the end of the consolidated fiscal year to 164.」

「For the one-stop new format, the company pursued further concentration of new store openings in the suburbs of Ho Chi Minh City and expanded the number of renovated existing stores, while strengthening its back-office support system. Chain-wide sales were 120.3% of the year-earlier level. The new format was implemented at 26 newly opened stores and 9 renovated existing stores, bringing the store count at the end of the cumulative third quarter (end-September 2023) to 161.」

「The new format was rolled out at 14 new stores and 7 renovated existing stores, bringing the number of stores at the end of the second quarter of the fiscal year to 151 (end of June 2023).」

「The new format was implemented at 3 newly opened stores and 2 renovated existing stores, bringing the store count at the end of the cumulative first quarter (end-March 2023) to 140.」

「The new format was implemented at 13 newly opened stores and 11 renovated existing stores, bringing the store count at the end of the cumulative third quarter (end-September 2022) to 132.」

「At MINISTOP VIETNAM COMPANY LIMITED in Vietnam, same-store daily sales improved to 121.9% of the year-earlier level, partly reflecting the rebound from temporary store closures in the previous year. In addition, the closure of unprofitable stores reduced equipment and personnel expenses, narrowing the operating loss from the year-earlier period and bringing the business closer to profitability.」

「At MINISTOP VIETNAM COMPANY LIMITED in Vietnam, same-store daily sales improved to 114.1% of the year-earlier level, partly reflecting the rebound from temporary store closures in the previous year. In addition, the closure of unprofitable stores reduced equipment and personnel expenses, narrowing the operating loss from the year-earlier period.」

「The company responded to customer needs changed by restrictions on going out by expanding the assortment of fresh foods, including meat and vegetables, to meet demand for home cooking, and by increasing the number of stores offering delivery services. Although restrictions reduced customer traffic, the number of items purchased increased, and same-store daily sales were 115.7% of the year-earlier level.」

「Although customer traffic declined due to restrictions, the number of items purchased increased, and same-store daily sales were 114.8% of the year-earlier level. Going forward, the company will pursue assortment reforms to meet changing customer needs under COVID-19, alongside the rapid improvement of its product supply system.」

「MINISTOP VIETNAM COMPANY LIMITED in Vietnam carried out ongoing promotions for coffee, which was expected to be purchased regularly, to increase visit frequency, expanded its alcoholic beverages section, mainly for Korean alcohol, and held sales promotions for desserts and steamed buns, which continued to generate strong sales. Some stores were temporarily closed due to the impact of the third and fourth waves of infections, but same-store daily sales were 109.2% of the year-earlier level. The store count at the end of the second quarter was 121.」

「MINISTOP VIETNAM COMPANY LIMITED in Vietnam carried out 14 consecutive weeks of promotions for coffee, which was expected to be purchased regularly, to increase visit frequency, and expanded its alcoholic beverages section, mainly for Korean alcohol. Some stores were temporarily closed due to the impact of the third wave of infections, but same-store daily sales were 107.0% of the year-earlier level. The store count at the end of the first quarter was 134.」

「MINISTOP VIETNAM COMPANY LIMITED in Vietnam introduced coffee machines at all stores and automated replenishment ordering to reduce the workload associated with placing orders. However, customer traffic declined due to government restrictions on business hours and lower household income, and same-store daily sales were 87.7% of the year-earlier level. The store count at the end of the third quarter was 148.」

「MINISTOP VIETNAM COMPANY LIMITED in Vietnam saw customer traffic decline due to government restrictions on going out and lower household income. The company implemented promotional measures, including sales promotions, gift campaigns and monthly leaflet distribution, to address the decline in customer traffic, but same-store daily sales were 87.1% of the year-earlier level. The store count at the end of the second quarter was 144.」

「MINISTOP VIETNAM COMPANY LIMITED in Vietnam secured inventories of alcohol-based disinfectants, masks, sliced bread, water and other products, and developed store layouts in response to the spread of COVID-19. School closures began after the Lunar New Year period (23–29 January), and customer traffic at stores on university campuses declined as a result. Same-store daily sales were therefore 93.1% of the year-earlier level. The store count at the end of the first quarter was 146.」

「MINISTOP VIETNAM COMPANY LIMITED in Vietnam maintained solid performance, with same-store daily sales at 115.0% of the year-earlier level. Sales improved through the development of new suppliers and the creation of differentiated products and new categories. In addition, 6 stores were franchised by the end of the fiscal year. The company's store count at the fiscal year-end was 140, an increase of 18 from the previous fiscal year-end.」

「MINISTOP VIETNAM COMPANY LIMITED in Vietnam maintained solid performance, with same-store daily sales at 117.5% of the year-earlier level. This reflected efforts to develop stores rooted in their local communities through locally oriented product development and merchandising. In addition, 6 stores were franchised by the end of the third quarter. The store count at the end of the third quarter was 129.」

「MINISTOP VIETNAM COMPANY LIMITED in Vietnam maintained solid performance, with same-store daily sales at 120.2% of the year-earlier level. In convenience store products, the company worked to improve product appeal by renewing its onigiri offerings and launching a new series of triangular sandwiches. In-store prepared fast-food products, including oden and steamed buns, performed well. Among various services, promotions for MOMO, an electronic money service, contributed to customer traffic. The store count at the end of the second quarter of the fiscal year was 119.」

「MINISTOP VIETNAM COMPANY LIMITED recorded solid existing-store daily sales at 126.2% of the previous year's level. Among convenience-store products, sushi products, for which new items have been introduced continuously, performed well. In-store-prepared fast food was led by strong performance from "Chicken Balls" and "Grilled Pork Skewers," which drove overall results. Among other services, promotional initiatives for MOMO (electronic money) contributed to attracting customers. The number of stores at the end of the first quarter of the fiscal year was 116.」

「The reason that net income attributable to owners of the parent became a loss was that MINISTOP CO.,LTD. proceeded with a review of unprofitable stores, while MINISTOP VIETNAM COMPANY LIMITED experienced delays in improving profitability at the store level, among other factors.」

「MINISTOP VIETNAM COMPANY LIMITED reviewed the product range in its convenience-store division and strengthened its prepared rice products. As a result, existing-store daily sales remained solid at 106.7% of the previous year's level. The number of stores at the end of the third quarter of the fiscal year was 122.」

「MINISTOP VIETNAM COMPANY LIMITED expanded the number of stores handling tobacco and reviewed the product range in its convenience-store division. As a result, non-food products reached 115.6% of the previous year's level, and the convenience-store division remained solid.」

「MINISTOP VIETNAM COMPANY LIMITED recorded strong sales of steamed buns and convenience-store snacks, beverages and daily necessities, as well as other in-store-prepared fast-food products, increasing daily sales per existing store. The number of stores at the end of the first quarter of the fiscal year was 118.」

「MINISTOP VIETNAM COMPANY LIMITED increased operating revenue as continued proactive store openings expanded the number of stores. The number of stores at the end of the company's fiscal year was 110.」

「MINISTOP VIETNAM COMPANY LIMITED reviewed store equipment and reformed operations in preparation for franchising. The number of stores at the end of the second quarter of the fiscal year was 84.」

「We reviewed store equipment and reformed operations to prepare for franchising. The number of stores at the end of the first quarter of the fiscal year was 75.」

「MINISTOP VIETNAM COMPANY LIMITED increased operating revenue through proactive store openings. The number of stores at the end of the company's fiscal year was 72.」

「MINISTOP VIETNAM COMPANY LIMITED recorded substantial sales growth as a result of proactive store openings. It also worked to build the framework for expanding the store network, including by establishing a store model and reviewing investment costs. The number of stores at the end of the accounting period (end of September 2016) was 61.」

「We worked to establish a store model and build the framework for store expansion, including by reviewing investment costs. The number of stores at the end of the accounting period (end of June 2016) was 48.」

「The effects of refurbishing existing stores and sales at new stores were strong. The gross profit margin also improved as the sales mix shifted toward higher-margin in-store-prepared fast food.」