Declining existing-store sales offset the effect of new stores
First written in FY2018-Q1. 5 of 11 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2020: 6 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2021DroppedAnnual report
「In the home improvement business, sales increased year on year, and segment profit increased mainly due to higher sales and an improvement in the gross profit margin.」
The previously stated explanation that the contribution from new stores could not offset the decline at existing stores and closed stores was not found in the performance explanation for the current fiscal year. - FY2020ReframedAnnual report
「In the current fiscal year, existing stores performed steadily, but sales declined slightly, partly due to the impact of store closures.」
The explanation has changed from the previous account that sales contributions from new stores could not offset the decline in sales at existing stores and closed stores to an account that existing stores performed steadily and store closures were a factor behind the sales decline. - FY2020-Q2DroppedAnnual report
「Sales declined slightly as adverse weather led to sluggish performance in highly seasonal product categories, including gardening.」
The previously stated explanation that sales contributions from new stores could not offset the decline in sales at existing stores and closed stores was not found in the performance explanation for the current quarter. The decline in sales was instead attributed to adverse weather and weak performance in the seasonal products segment. - FY2019RestatedAnnual report
「In the current fiscal year, sales from new stores opened in the previous fiscal year contributed, but did not offset the decline in sales at existing stores, resulting in lower sales.」
The company continued to state throughout the fiscal year that the contribution from new stores opened in the previous fiscal year could not offset the decline in sales at existing stores. - FY2019-Q3RestatedAnnual report
「In the home improvement business, sales from new stores opened in the previous fiscal year contributed, but did not offset the decline in sales at existing stores and closed stores, resulting in decreases in sales and segment profit.」
The company continues to state that the contribution from new stores opened in the previous fiscal year could not offset the decline in sales at existing stores and closed stores. - FY2019-Q2RestatedAnnual report
「In the home improvement business, sales from new stores opened in the previous fiscal year contributed, but did not offset the decline in sales at existing stores and closed stores, resulting in decreases in sales and segment profit.」
The company continues to state that the contribution from new stores opened in the previous fiscal year could not offset the decline in sales at existing stores and closed stores. - FY2019-Q1RestatedAnnual report
「In the home improvement business, sales from new stores opened in the previous fiscal year did not offset the decline in sales at the Yokohama Minato Mirai store, which closed in the previous fiscal year, or at existing stores, resulting in decreases in sales and segment profit.」
The company continues to state that the contribution from new stores opened in the previous fiscal year could not offset the decline in sales at stores closed in the previous fiscal year and at existing stores. - FY2018WorsenedAnnual report
「In the current fiscal year, sales from new stores opened since the previous fiscal year contributed, but did not offset the closure of the flagship Home Improvement Sekichu Yokohama Minato Mirai store and the decline in sales at existing stores, resulting in lower sales.」
The closure of the flagship store and the decline in sales at existing stores are explicitly identified as factors that could not be offset by the contribution from new stores, and full-year sales also decreased by 5.0%. - FY2018-Q3RestatedAnnual report
「In the home improvement business, sales were supported by sales from new stores, but declined because they did not offset the decline in sales at existing stores and closed stores. Segment profit decreased significantly, mainly due to one-time expenses related to store openings and closures.」
The company continues to state that the contribution from new stores cannot offset the decline in sales at existing stores and closed stores. One-time expenses related to store openings and closures are also identified as an additional factor behind the decline in segment profit. - FY2018-Q2WorsenedAnnual report
「In the home improvement business, sales from new stores opened since the previous fiscal year made a significant contribution, but did not offset the decline in sales at existing stores and closed stores, resulting in decreases in sales and segment profit.」
The decline in sales at closed stores, in addition to existing stores, is explicitly identified as a factor that could not be offset by the contribution from new stores. - FY2018-Q1First statedAnnual report
「In the home improvement business, sales from new stores opened since the previous fiscal year made a significant contribution, but did not offset the decline in sales at existing stores, resulting in decreases in sales and segment profit.」
Although sales from new stores contributed, they did not offset the decline in sales at existing stores, and sales and segment profit in the home improvement business decreased. This performance factor is stated explicitly for the first time.