Improving domestic store profitability and expanding chain scale
First written in FY2017. 20 of 38 entries say "Worsened", first in FY2019-Q1. Latest entry: FY2027-H1.
Ministop moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
2 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「As a result, domestic business operating revenue for the interim consolidated accounting period was ¥45,899 million, or 104.1% of the year-earlier level, while operating loss was ¥2,810 million, compared with operating profit of ¥1,375 million in the same period a year earlier.」
Domestic business revenue increased, but operating profit turned into operating loss, representing deterioration against the target of improving the profitability of domestic stores. - FY2026WorsenedAnnual report
「As a result, operating revenue from the domestic business for the fiscal year was ¥82,347 million, or 105.6% of the previous fiscal year's level, while the operating loss was ¥3,335 million, compared with an operating loss of ¥2,398 million in the previous fiscal year.」
Although the domestic business generated higher revenue, its operating loss widened from ¥2,398 million to ¥3,335 million, deteriorating against the target of improving the profitability of domestic stores. - FY2026-H1AdvancedAnnual report
「As part of structural reforms to improve store profitability, we advanced changes to the MD (merchandising) process, from product planning through sales, and to management guidance, underpinned by measures addressing human resources. These efforts increased the profitability of the domestic store business and reduced selling, general and administrative expenses. / The domestic business posted operating profit of ¥1,375 million, compared with an operating loss of ¥166 million in the same period of the previous year.」
By advancing measures addressing human resources, MD process reforms, management guidance reforms and SG&A reductions, the domestic business turned around from an operating loss in the same period of the previous year to operating profit of ¥1,375 million. - FY2025WorsenedAnnual report
「As a result, operating revenue in the domestic business for the current consolidated fiscal year was ¥77,980 million, 110.2% of the previous fiscal year, and the operating loss was ¥2,398 million, compared with an operating loss of ¥196 million in the previous fiscal year.」
Although same-store daily sales and customer traffic improved, the domestic business's operating loss widened from ¥196 million to ¥2,398 million, deteriorating against the target of improving profitability. - FY2025-H1WorsenedAnnual report
「As a result, operating revenue in the domestic business for the current interim consolidated accounting period was ¥39,704 million, 107.7% of the year-earlier period, and the operating loss was ¥166 million, compared with operating profit of ¥613 million in the year-earlier period.」
The domestic business reported higher revenue, but turned from operating profit of ¥613 million in the year-earlier period to an operating loss of ¥166 million, deteriorating against the goal of improving the profitability of domestic stores. - FY2025-Q1WorsenedAnnual report
「Operating revenue in the domestic business for the first three months of the current consolidated fiscal year was ¥18,292 million, 103.6% of the year-earlier period, and the operating loss was ¥1,032 million, compared with an operating loss of ¥461 million in the year-earlier period.」
Operating revenue in the domestic business increased, while the operating loss widened from ¥461 million in the year-earlier period to ¥1,032 million, deteriorating against the goal of improving the profitability of domestic stores. - FY2024AdvancedAnnual report
「As a result of advancing these structural reforms and growth strategies, the operating loss in the domestic business for the current consolidated fiscal year narrowed by ¥635 million to ¥196 million, an improvement ¥339 million greater than the improvement in operating profit in the previous fiscal year.」
The operating loss in the domestic business narrowed from ¥831 million to ¥196 million. However, planned closures reduced store scale and customer traffic. - FY2024-Q3Domestic operating profit expanded, while customer traffic fell below the year-earlier levelAnnual report
「The Company advanced the establishment of the New Combo Store model, which enhances the competitiveness of individual stores by providing attractive products and services, creating sales floors that meet customer needs, and delivering a more appealing shopping experience. Year-on-year sales per store per day at existing Ministop stores were 101.0%, average customer traffic at existing stores was 99.0%, and average spending per customer at existing stores was 102.0%. As a result, operating revenue in the domestic business for the first nine months of the current consolidated fiscal year was ¥54,501 million, 94.1% of the year-earlier period, and operating profit was ¥394 million, 434.0% of the year-earlier period.」
In the domestic business, operating revenue and customer traffic fell below the year-earlier levels due to planned closures, while daily sales per existing store, average spending per customer and operating profit improved. - FY2024-Q2Domestic operating profit expanded, while customer traffic continued to declineAnnual report
「As a result, operating revenue in the domestic business for the first six months of the current consolidated fiscal year was ¥36,856 million, 93.4% of the year-earlier period, and operating profit was ¥613 million, 286.6% of the year-earlier period.」
Operating profit in the domestic business increased from ¥214 million in the year-earlier period to ¥613 million. However, due to planned closures, total chain sales were 98.2% of the year-earlier period and average customer traffic at existing stores was 98.9%. - FY2023-Q3Domestic business maintained operating profitability, while store count declinedAnnual report
「In store development, we opened 6 stores and closed 55. The number of stores at the end of the third quarter was 1,910.」
Although the domestic store count declined, the domestic business generated operating revenue of ¥57,916 million and operating profit of ¥90 million, turning to operating profitability from an operating loss of ¥1,219 million in the year-earlier period. - FY2023-Q2Domestic business returned to operating profitability, while store count declinedAnnual report
「In store development, the Company opened 5 stores and closed 34. The store count at the end of the second quarter of the current consolidated accounting period was 1,930. As a result, operating revenue in the domestic business for the first six months of the current consolidated fiscal year was ¥39,465 million, compared with ¥38,004 million in the year-earlier period, and operating profit was ¥214 million, compared with an operating loss of ¥690 million in the year-earlier period.」
While the domestic store count fell to 1,930, the domestic business turned from an operating loss of ¥690 million in the year-earlier period to operating profit of ¥214 million. - FY2023-Q1Domestic business operating loss narrowed, while store count declinedAnnual report
「In store development, the Company opened 2 stores and closed 30. The store count at the end of the first quarter of the current consolidated accounting period was 1,931. As a result, operating revenue in the domestic business for the first three months of the current consolidated fiscal year was ¥19,170 million, compared with ¥18,568 million in the year-earlier period, and the operating loss was ¥631 million, compared with an operating loss of ¥1,231 million in the year-earlier period.」
The domestic business opened 2 stores and closed 30, bringing the store count to 1,931, while the operating loss narrowed from ¥1,231 million in the year-earlier period to ¥631 million. - FY2022Operating loss narrowed despite lower revenue, while store count declinedAnnual report
「As a result, operating revenue in the domestic business for the current consolidated fiscal year was ¥73,427 million, 97.6% of the previous fiscal year, and the operating loss was ¥1,170 million, compared with an operating loss of ¥2,995 million in the previous fiscal year.」
The domestic business reported lower revenue, while the operating loss narrowed through the reduction of unprofitable stores and cuts in personnel and equipment expenses. The domestic store count was 1,959. - FY2022-Q3Operating loss narrowed despite lower revenue, while store count declinedAnnual report
「In store development, the Company opened 7 stores and closed 36. The number of stores at the end of the third quarter of the current consolidated accounting period was 1,970. As a result, operating revenue in the domestic business for the first nine months of the current consolidated fiscal year was ¥55,711 million, 95.6% of the year-earlier period, and the operating loss was ¥1,219 million, compared with an operating loss of ¥1,937 million in the year-earlier period.」
The domestic business reported lower revenue, but the operating loss narrowed. The domestic store count was 1,970 following store openings and closures focused on profitability. - FY2022-Q2Operating loss narrowed despite lower revenue, while store count declinedAnnual report
「As a result, operating revenue in the domestic business for the first six months of the current consolidated fiscal year was ¥38,004 million, 96.1% of the year-earlier period, and the operating loss was ¥690 million, compared with an operating loss of ¥1,584 million in the year-earlier period.」
The domestic business reported lower revenue, while the operating loss narrowed from ¥1,584 million in the year-earlier period to ¥690 million. The domestic store count was 1,973. - FY2022-Q1Operating loss narrowed despite lower revenue, while store count declinedAnnual report
「As a result, operating revenue in the domestic business for the first three months of the current consolidated fiscal year was ¥18,568 million, 96.4% of the year-earlier period, and the operating loss was ¥1,231 million, compared with an operating loss of ¥1,801 million in the year-earlier period.」
The domestic business reported lower revenue, while the operating loss narrowed from ¥1,801 million in the year-earlier period to ¥1,231 million. The domestic store count was 1,983. - FY2021-Q3Operating loss narrowed despite lower revenue, while store count increasedAnnual report
「In store development, the Company focused on profitable store openings and systematically closed unprofitable stores. It opened 28 stores, including 11 MINI SOF stores, and closed 25. The number of stores at the end of the third quarter of the current consolidated accounting period was 2,000. As a result, operating revenue in the domestic business for the first nine months of the current consolidated fiscal year was ¥58,276 million, 94.1% of the year-earlier period, and the operating loss was ¥1,937 million, compared with an operating loss of ¥2,248 million in the year-earlier period.」
The domestic business reported lower revenue, but the operating loss narrowed from ¥2,248 million in the year-earlier period to ¥1,937 million. The store count was 2,000. - FY2021-Q2Operating loss narrowed despite lower revenueAnnual report
「As a result, operating revenue in the domestic business for the first six months of the current consolidated fiscal year was ¥39,563 million, 95.2% of the year-earlier period, and the operating loss was ¥1,584 million, compared with an operating loss of ¥2,146 million in the year-earlier period.」
The domestic business reported lower revenue, but the operating loss narrowed from ¥2,146 million in the year-earlier period to ¥1,584 million. The domestic store count was 1,997. - FY2021-Q1Operating loss narrowed despite lower revenueAnnual report
「As a result, operating revenue in the domestic business for the first three months of the current consolidated fiscal year was ¥19,257 million, 91.3% of the year-earlier period, and the operating loss was ¥1,801 million, compared with an operating loss of ¥1,936 million in the year-earlier period.」
Operating revenue in the domestic business was 91.3% of the year-earlier period, while the operating loss narrowed from ¥1,936 million to ¥1,801 million. The store count declined to 1,990. - FY2020WorsenedAnnual report
「In store development, the Company focused on profitable store openings and systematically closed unprofitable stores. It opened 37 stores and closed 237. In the new business, it opened the LINKS UMEDA and Marui Family Mizonokuchi stores as soft-serve ice cream specialty stores. The number of stores at the end of the current consolidated fiscal year was 1,997.」
As a result of focusing on profitability and removing unprofitable stores, the domestic store count fell to 1,997. The operating loss in the domestic business was ¥2,211 million, deteriorating from operating profit of ¥344 million in the previous fiscal year. - FY2020-Q3WorsenedAnnual report
「As a result, operating revenue in the domestic business for the first nine months of the current consolidated fiscal year was ¥61,935 million, 96.8% of the year-earlier period, and the operating loss was ¥2,248 million, compared with operating profit of ¥1,301 million in the year-earlier period.」
Although the domestic business proceeded with store openings and closures focused on profitability and measures at existing stores, cumulative operating results deteriorated from operating profit of ¥1,301 million in the year-earlier period to an operating loss of ¥2,248 million. - FY2020-Q2WorsenedAnnual report
「In store development, the Company focused on profitable store openings and systematically closed unprofitable stores. It opened 21 stores in the first half and closed 220. The number of stores at the end of the second quarter of the current consolidated accounting period was 1,998. As a result, operating revenue in the domestic business for the first six months of the current consolidated fiscal year was ¥41,549 million, 96.2% of the year-earlier period, and the operating loss was ¥2,146 million, compared with operating profit of ¥1,617 million in the year-earlier period.」
While the Company proceeded with the removal of unprofitable stores, the domestic store count fell to 1,998 and the domestic business deteriorated from operating profit of ¥1,617 million in the year-earlier period to an operating loss of ¥2,146 million. - FY2020-Q1WorsenedAnnual report
「In store development, the Company focused on profitable store openings and systematically closed unprofitable stores. It opened 14 stores and closed 193. The number of stores at the end of the first quarter of the current consolidated accounting period was 2,018. As a result, operating revenue in the domestic business for the first three months of the current consolidated fiscal year was ¥21,085 million, 103.0% of the year-earlier period, and the operating loss was ¥1,936 million, compared with an operating loss of ¥241 million in the year-earlier period.」
While the Company proceeded with the removal of unprofitable stores, the domestic store count fell to 2,018 and the domestic business deteriorated from an operating loss of ¥241 million in the year-earlier period to an operating loss of ¥1,936 million. - FY2019WorsenedAnnual report
「In store development, the Company promoted relocations and replacements for store openings and reviewed unprofitable stores as planned for closure. It opened 53 stores, including cisca and rekozu stores, and closed 120. For cisca, the Company continued opening stores on upper floors of office buildings, opening the cisca Otemachi Place store after last year's cisca GranTokyo store. The number of stores at the end of the current consolidated fiscal year was 2,197.」
Although the Company proceeded with profitable relocations and replacements and the removal of unprofitable stores, the domestic store count fell to 2,197 and operating profit in the domestic business declined from ¥1,127 million in the previous fiscal year to ¥344 million. - FY2019-Q3WorsenedAnnual report
「In store development, the Company focused on profitable store openings and systematically closed unprofitable stores. It opened 50 stores, including cisca stores, and closed 83. The number of stores in the domestic business at the end of the third quarter of the current consolidated accounting period was 2,231. As a result, operating revenue in the domestic business for the first nine months of the current consolidated fiscal year was ¥63,984 million, 99.2% of the year-earlier period, and operating profit was ¥1,301 million, 81.3% of the year-earlier period.」
Although the Company proceeded with profitable store openings and the closure of unprofitable stores, the domestic store count was 2,231 and operating profit in the domestic business declined to 81.3% of the year-earlier period. - FY2019-Q2WorsenedAnnual report
「The number of stores in the domestic business at the end of the second quarter of the current consolidated accounting period was 2,239. As a result, operating revenue in the domestic business for the first six months of the current consolidated fiscal year was ¥43,180 million, 98.6% of the year-earlier period, and operating profit was ¥1,617 million, 91.5% of the year-earlier period.」
The domestic store count was 2,239, and operating profit in the domestic business declined to 91.5% of the year-earlier period. Profitability continued to deteriorate against the goal of expanding scale while improving profitability. - FY2019-Q1WorsenedAnnual report
「We systematically closed unprofitable stores as part of store development, opening 24 stores and closing 44 stores, bringing the number of stores at the end of the first quarter of the consolidated fiscal period to 2,244.」
The Company proceeded with the removal of unprofitable domestic stores, opening 24 stores and closing 44. The domestic business posted an operating loss of ¥241 million, deteriorating from operating profit of ¥64 million in the year-earlier period. - FY2018Scale expanded, but profitability deterioratedAnnual report
「The number of stores at the end of the current consolidated fiscal year was 2,264.」
While the domestic store count reached 2,264, operating profit in the domestic business was ¥1,127 million, or 52.6% of the previous fiscal year's level, showing no improvement in profitability. - FY2018-Q2AdvancedAnnual report
「In store development, the Company continued to focus on profitable store openings. As a result, it opened 60 stores, including 1 rekozu store, and closed 67 stores, including 3 cisca stores. The number of stores in the domestic business at the end of the second quarter of the current consolidated accounting period was 2,256.」
The Company proceeded with store openings and closures focused on domestic store profitability, opening 60 stores and closing 67. The period-end store count was 2,256. - FY2018-Q1AdvancedAnnual report
「In store development, with emphasis on profitability, the Company opened 19 stores, including 1 rekozu store, and closed 38 stores, including 2 cisca stores. The number of stores in the domestic business at the end of the first quarter of the current consolidated accounting period was 2,244.」
The Company proceeded with store openings and closures focused on profitability, bringing the domestic store count to 2,244 at period-end. Operating profit in the domestic business was ¥64 million. - FY2017First statedAnnual report
「In Japan, we aim to grow the business by improving the profitability per store and expanding the chain scale of Ministop convenience stores, our core business.」
For the domestic business, the Company explicitly identified profitability per store and chain scale as the two drivers of growth.