Improving Profitability in the Vietnam Business and Establishing One-Stop Stores

「第2四半期に6,000万円の営業黒字へ転換。」

「Against this backdrop, MINISTOP VIETNAM COMPANY LIMITED in Vietnam worked to establish a new format, the "Vietnam-style Combo Store," to drive business growth. Steady progress in the merchandising transformation at the core of the new format increased daily sales at existing stores, and chainwide sales reached 111.3% of the year-earlier level.」

「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.」

「As part of our merchandising reforms, we redefined the role of each product category and worked to create an assortment supported by customers and improve profitability. As a result, gross profit per store exceeded the level in the same period of the previous year.」

「The purpose is to strengthen our Vietnam business. / Capital increase: VND 200,000 million (approximately ¥1,200 million) / Amount paid in by the company: VND 102,000 million (approximately ¥612 million)」

「We opened 24 new stores during the first half of the current consolidated accounting period to establish a dominant market position in Ho Chi Minh City, bringing the number of stores to 183 as of the end of June 2024. As a result, chainwide sales reached 124.1% of the year-earlier period.」

「We advanced initiatives to achieve both store expansion and profitability under the directly operated multi-store model. We opened 15 new stores, and our share in Ho Chi Minh City, where we are building a dominant market position, increased by 2.0% year on year. Chainwide sales grew to 121.2% of the year-earlier period.」

「In the Vietnam business, we advanced upfront investment to develop the business as a directly operated multi-store expansion business, expanded store openings to establish a new dominant market position, promoted new-format refurbishments of existing stores, and developed the support infrastructure underpinning the business.」

「In the Vietnam business, active expansion of new-format store openings and existing-store refurbishments resulted in operating revenue increasing by ¥930 million from the year-earlier period, while the operating loss was ¥308 million.」

「MINISTOP VIETNAM COMPANY LIMITED advanced new store openings and existing-store refurbishments for the new one-stop format, expanding its fresh food range. It also implemented a pricing strategy to increase customer visits in new store areas where small supermarkets are located. In addition, under its directly operated multi-store expansion business, it advanced operational reforms to improve store operating efficiency. Chainwide sales reached 124.0% of the year-earlier period. The new format was rolled out through 14 new store openings and 7 existing-store refurbishments, bringing the number of stores at the end of the cumulative second quarter of the current consolidated accounting period, as of the end of June 2023, to 151.」

「MINISTOP VIETNAM COMPANY LIMITED advanced new store openings and existing-store refurbishments under its directly operated multi-store expansion business, while developing a store operating model to improve productivity. Chainwide sales increased to 137.6% of the year-earlier period.」

「MINISTOP VIETNAM COMPANY LIMITED advanced new store openings and existing-store refurbishments to establish a new one-stop convenience store format where customers can complete their everyday shopping in one location. Chainwide sales increased to 134.8% of the year-earlier period.」

「We advanced the conversion of stores to a new format to pursue convenience for customers and establish one-stop convenience stores where they can complete their everyday shopping. In addition to strengthening the product range, including vegetables, fruit and frozen foods, we expanded the range of EDLP products such as instant noodles and beverages, as well as value-added products such as cut fruit and prepared vegetables. We opened 8 new stores in the new format and refurbished 7 existing stores.」

「We advanced the rollout of a new store format to pursue convenience for customers and establish one-stop convenience stores where they can complete their everyday shopping. Sales grew as we strengthened the product range, including fresh and frozen foods, and we plan to continue expanding the format. We expanded the number of stores offering delivery services and captured demand for bulk purchases of beverages and alcoholic beverages.」

「To make everyday life more convenient for people in Vietnam, we will establish a new one-stop convenience store format that offers both the convenience and immediacy of completing food and daily shopping at Ministop without visiting multiple stores. We will also strengthen cooperation with AEON Vietnam, leverage the full resources of the AEON Group to procure products and expand stores, and improve profitability.」