Profit decline due to lower orders in the apparel business
First written in FY2020-Q1. 5 of 10 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 9 of 16 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「Segment profit increased to ¥2,111 million, up ¥1,174 million, or 125.4%, year on year, owing to the revenue growth factors described above and a recovery in the apparel business.」
A recovery in the apparel business continued to be cited as a factor behind the increase in profit in lifestyle-related businesses. - FY2022-Q2MitigatedAnnual report
「Segment profit increased to ¥1,417 million, up ¥1,008 million, or 247.2%, year on year, owing to the revenue growth factors described above and a recovery in the apparel business.」
A recovery in the apparel business was cited as a factor behind the increase in profit in lifestyle-related businesses, easing the previous decline in profit caused by lower sales. - FY2022-Q1MitigatedAnnual report
「Segment profit increased to ¥716 million, up ¥535 million, or 294.5%, year on year, owing to the factors described above and the apparel business becoming profitable.」
The apparel business became profitable, and segment profit in lifestyle-related businesses increased 294.5% year on year, improving the previous decline in profit caused by lower apparel sales. - FY2021WorsenedAnnual report
「Under these circumstances, during the fiscal year the company fundamentally reviewed its production structure to secure a certain level of profit even in the new market environment, including by closing 2 domestic factories and reducing its workforce to less than half.」
To address weakening demand for suits and fewer customer visits caused by COVID-19, the company reviewed its production structure by closing 2 domestic factories and reducing its workforce by more than half. - FY2021-Q3RestatedAnnual report
「Revenue declined to ¥16,668 million, down ¥1,140 million, or 6.4%, year on year, due mainly to the sale of the shares of M&M Service at the end of the previous consolidated fiscal year and lower apparel sales resulting from the impact of the spread of COVID-19 during the cumulative third quarter of the current consolidated fiscal year. However, segment profit increased to ¥936 million, up ¥464 million, or 98.2%, year on year, owing mainly to the acquisition of ケイエムテイ (pet products) and 三生電子株式会社 (electronic components) as subsidiaries.」
Lower apparel sales resulting from the spread of COVID-19 continued to be cited as a factor behind the decline in revenue in lifestyle-related businesses. - FY2021-Q2RestatedAnnual report
「Revenue declined to ¥10,623 million, down ¥1,161 million, or 9.9%, year on year, due mainly to the sale of the shares of M&M Service at the end of the previous consolidated fiscal year and lower apparel sales resulting from the impact of the spread of COVID-19 during the cumulative second quarter of the current consolidated fiscal year. However, segment profit increased to ¥408 million, up ¥10 million, or 2.7%, year on year, owing mainly to the acquisition of ケイエムテイ (pet products) and 三生電子株式会社 (electronic components) as subsidiaries.」
Lower apparel sales resulting from the spread of COVID-19 continued to be cited as a factor behind the decline in revenue in lifestyle-related businesses. - FY2021-Q1RestatedAnnual report
「Segment profit declined to ¥181 million, down ¥66 million, or 26.9%, year on year, owing mainly to lower apparel sales.」
Lower apparel sales continued to be cited as a factor behind the decline in profit in lifestyle-related businesses, with segment profit down 26.9% year on year. - FY2020WorsenedAnnual report
「In recent years, demand for business suits has shown signs of weakness as office wear has become more casual. In addition, as a decline in customer visits has been observed recently amid the spread of COVID-19, the company has closed factories and stores.」
In the apparel business, the company cited declining orders and sales, weakening demand for suits, fewer customer visits due to COVID-19, and factory and store closures. - FY2020-Q3RestatedAnnual report
「Segment profit declined to ¥472 million, down ¥554 million, or 54.0%, year on year, owing mainly to lower apparel sales and fewer orders in the electronic components field.」
In lifestyle-related businesses, revenue increased following the acquisition of 明光商会, while lower apparel sales continued to be cited as a factor behind the decline in profit. - FY2020-Q1First statedAnnual report
「Segment profit declined to ¥248 million, down ¥173 million, or 41.1%, year on year, owing mainly to lower orders in the apparel business.」
In lifestyle-related businesses, revenue increased following the acquisition of 明光商会, while segment profit declined 41.1% year on year owing mainly to lower orders in the apparel business.