Risk of Earnings Volatility from Store Openings, Closures and Large-Format Stores
First written in FY2017. 4 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2018: 5 of 11 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「We are pursuing store openings and closures based on a scrap-and-build strategy, assessing store openings from various perspectives to formulate opening plans. However, profitability may deteriorate due to changes such as new store openings by competitors. In addition, openings and closures of large stores can significantly affect earnings, and closures may result in substantial losses, potentially affecting our operating performance and financial condition.」
While adopting a scrap-and-build strategy, the company continues to face risks to operating performance and financial condition from openings and closures of large stores and losses on store closures. - FY2022RestatedAnnual report
「We are pursuing store openings and closures based on a scrap-and-build strategy, assessing store openings from various perspectives to formulate opening plans. However, profitability may deteriorate due to changes such as new store openings by competitors. In addition, openings and closures of large stores can significantly affect earnings, and closures may result in substantial losses, potentially affecting our operating performance and financial condition.」
While adopting a scrap-and-build strategy, the company continues to face risks to operating performance and financial condition from openings and closures of large stores and losses on store closures. - FY2021RestatedAnnual report
「We are pursuing store openings and closures based on a scrap-and-build strategy, assessing store openings from various perspectives to formulate opening plans. However, profitability may deteriorate due to changes such as new store openings by competitors. In addition, openings and closures of large stores can significantly affect earnings, and closures may result in substantial losses, potentially affecting our operating performance and financial condition.」
While adopting a scrap-and-build strategy, the company continues to face risks to operating performance and financial condition from openings and closures of large stores and losses on store closures. - FY2019WorsenedAnnual report
「When opening stores, we formulate opening plans after assessing profitability from various perspectives, but profitability may deteriorate due to changes such as new store openings by competitors. We are pursuing store openings and closures based on a scrap-and-build strategy, but openings and closures of large stores can significantly affect earnings, and closures may result in substantial losses, potentially affecting our operating performance and financial condition.」
The company explicitly identifies the risk of deteriorating profitability due to new store openings by competitors, in addition to the risks of openings and closures of large stores and losses on store closures. - FY2018RestatedAnnual report
「We are pursuing store openings and closures based on a scrap-and-build strategy, assessing store openings from various perspectives to formulate opening plans. However, profitability may deteriorate due to changes such as new store openings by competitors. In addition, openings and closures of large stores can significantly affect earnings, and closures may result in substantial losses, potentially affecting our operating performance and financial condition.」
While adopting a scrap-and-build strategy, the company continues to face risks to operating performance and financial condition from openings and closures of large stores and losses on store closures. - FY2017First statedAnnual report
「We are pursuing store openings and closures based on a scrap-and-build strategy, assessing store openings from various perspectives to formulate opening plans. However, profitability may deteriorate due to changes such as new store openings by competitors. In addition, openings and closures of large stores can significantly affect earnings, and closures may result in substantial losses, potentially affecting our operating performance and financial condition.」
The company identifies as risks earnings volatility from openings and closures of large stores and the potential for substantial losses when stores close.