Revenue Growth and Profit Improvement

「Revenue for the first six months was ¥16,355 million, up 1.0% year on year. ... Operating income was ¥50 million, down 88.0% year on year, ordinary income was ¥136 million, down 70.9%, and interim net income attributable to owners of the parent was ¥59 million, down 78.3%.」

「Revenue was ¥36,273 million, up 0.7% year on year. Although the company worked to optimize staffing at stores and factories and implemented price revisions for some products, the sharp rise in raw material prices, particularly cocoa, substantially increased the cost-of-sales ratio. As a result, operating income was ¥1,264 million, down 38.6% year on year, ordinary income was ¥1,286 million, down 38.7%, and net income attributable to owners of the parent was ¥642 million, down 54.6%.」

「Revenue for the consolidated fiscal year was ¥36,273 million, up 0.7% year on year. In terms of earnings, we worked to optimize staffing at our stores and factories and pursued price revisions for certain products. However, soaring raw material prices, particularly for cocoa, caused a substantial increase in the cost-of-sales ratio, resulting in operating profit of ¥1,264 million, down 38.6% year on year; ordinary profit of ¥1,286 million, down 38.7%; and profit attributable to owners of the parent of ¥642 million, down 54.6%.」

「Revenue for the first six months was ¥16,192 million, down 1.7% year on year. In terms of earnings, in addition to lower revenue, higher raw material prices, particularly cocoa, increased personnel expenses due to wage increases, higher transportation costs and various expenses associated with the complete outsourcing of the Funabashi logistics function last year resulted in operating income of ¥424 million, down 41.7% year on year, ordinary income of ¥468 million, down 37.4%, and interim net income attributable to owners of the parent of ¥271 million, down 44.2%.」

「Revenue was ¥36,017 million, up 3.1% year on year. Although the company worked to optimize staffing at stores and factories and implemented price revisions for some products in addition to benefiting from higher revenue, operating income was ¥2,058 million, down 16.8% year on year, ordinary income was ¥2,098 million, down 16.7%, and net income attributable to owners of the parent was ¥1,414 million, down 17.5%, due to the sharp rise in raw material prices, particularly cocoa, higher personnel expenses resulting from wage increases, higher transportation costs and various expenses associated with the relocation of the Funabashi logistics center.」

「Revenue was ¥16,470 million, up 4.6% year on year. Although the company worked to optimize staffing at stores and factories in addition to implementing price revisions for some products, operating income was ¥727 million, down 12.8% year on year, ordinary income was ¥748 million, down 12.6%, and interim net income attributable to owners of the parent was ¥486 million, down 9.8%, due to the higher cost-of-sales ratio resulting from soaring raw material prices, higher personnel expenses due to wage increases, and increased warehouse, logistics and other costs.」

「Revenue for the first quarter was ¥9,310 million, up 6.3% year on year. Despite the impact of higher raw material prices, the benefit of higher revenue and price revisions for some products, together with efforts to generate profit through optimization of staffing at stores and factories, resulted in operating income of ¥728 million, up 10.3% year on year, ordinary income of ¥732 million, up 10.4%, and quarterly net income attributable to owners of the parent of ¥500 million, up 15.4%.」

「Revenue was ¥34,933 million, up 7.5% year on year. Although the cost-of-sales ratio rose due to higher raw material prices, the benefit of higher revenue, together with efforts to generate profit through optimization of staffing at stores and factories, resulted in operating income of ¥2,474 million, up 2.1% year on year.」

「Revenue was ¥21,652 million, up 8.7% year on year. Although the cost-of-sales ratio rose due to higher raw material prices, the benefit of higher revenue, together with efforts to generate profit through optimization of staffing at stores and factories, resulted in operating income of ¥480 million, up 11.8% year on year. Ordinary income was ¥504 million, down 19.1%, and quarterly net income attributable to owners of the parent was ¥255 million, down 24.4%, partly because compensation income was recorded as non-operating income in the same period of the previous year.」

「Revenue for the first six months was ¥15,748 million, up 8.1% year on year. Although the cost-of-sales ratio rose due to higher raw material and energy prices, the benefit of higher revenue, together with efforts to generate profit through optimization of store staffing, resulted in operating income of ¥834 million, up 4.7% year on year. Ordinary income was ¥856 million, down 13.0%, and quarterly net income attributable to owners of the parent was ¥539 million, down 14.0%, partly because compensation income was recorded as non-operating income in the same period of the previous year.」

「Revenue for the first quarter was ¥8,758 million, up 9.6% year on year. In terms of earnings, despite efforts to generate profit through higher revenue, the effects of price revisions for some products and the optimization of store staffing, the cost-of-sales ratio rose due to higher raw material and energy prices, resulting in operating income of ¥660 million, up 3.2% year on year.」

「As the current consolidated fiscal year is the first year for which consolidated financial statements have been prepared, no comparative analysis with the previous fiscal year has been performed.」

「The company transitioned to consolidated accounting from the first quarter of the current fiscal year. As quarterly consolidated financial statements were not prepared for the first nine months of the previous fiscal year, comparisons of operating results and financial position with the same period of the previous year have been omitted.」

「The company transitioned to consolidated accounting from the first quarter of the current fiscal year. As quarterly consolidated financial statements were not prepared for the first six months of the previous fiscal year, comparisons of operating results and financial position with the same period of the previous year have been omitted.」

「The company transitioned to consolidated accounting from the first quarter of the current fiscal year. As quarterly consolidated financial statements were not prepared for the first quarter of the previous fiscal year, comparisons of operating results and financial position with the same quarter of the previous year have been omitted.」

「Full-year revenue was ¥27,207 million, up 6.0% year on year. In addition to the benefit of higher revenue, the establishment of a planned and efficient production system, optimization of store staffing, cost reductions and the maintenance of appropriate inventory levels in line with sales resulted in operating income of ¥2,012 million, up 167.9% year on year, and ordinary income of ¥2,126 million, up 146.7%.」

「In addition to the benefit of higher revenue, the establishment of a planned and efficient production system, optimization of store staffing, cost reductions and the maintenance of appropriate inventory levels in line with sales resulted in an operating loss of ¥38 million, compared with an operating loss of ¥777 million in the same period of the previous year, and ordinary income of ¥61 million, compared with an ordinary loss of ¥661 million.」

「Although Valentine's Day sales declined partly due to the reissuance of the state of emergency in January, revenue for the first six months was ¥12,218 million, up 5.8% year on year, partly reflecting a rebound from the first state of emergency, which had the greatest impact from the spread of COVID-19. In addition to the benefit of higher revenue, the establishment of a planned and efficient production system, optimization of store staffing, cost reductions and the maintenance of appropriate inventory levels in line with sales resulted in operating income of ¥548 million, compared with an operating loss of ¥134 million in the same period of the previous year, and ordinary income of ¥605 million, compared with an ordinary loss of ¥25 million. Quarterly net income was ¥145 million, compared with a net loss of ¥195 million, partly because the company recorded a ¥220 million impairment loss on investment securities in an affiliate relating to 株式会社鎌倉ニュージャーマン, a subsidiary heavily affected by COVID-19, as an extraordinary loss.」

「Although Valentine's Day sales declined due to the reissuance of the state of emergency in January, baked goods and Western-style fresh confectionery remained steady, and revenue for the first quarter was ¥7,125 million, up 5.8% year on year. In addition to the benefit of higher revenue, improvements in the cost-of-sales ratio through production control in line with sales and reductions in store personnel expenses following a review of staffing levels led to operating income of ¥611 million, up 186.5% year on year, and ordinary income of ¥630 million, up 171.8%.」

「Full-year revenue was ¥25,672 million, down 13.0% year on year. Operating income was ¥751 million, down 55.1%, ordinary income was ¥862 million, down 49.5%, and net income was ¥352 million, down 67.9%. Despite the substantial decline in earnings, the company maintained a positive earnings level.」

「Revenue for the first nine months was ¥15,744 million, down 16.1% year on year. In terms of earnings, the cost-of-sales ratio deteriorated as production declined. Although the company worked to control personnel expenses and reduce other costs, revenue declined significantly more than these costs, resulting in an operating loss of ¥777 million, compared with operating income of ¥40 million in the same period of the previous year; an ordinary loss of ¥661 million, compared with ordinary income of ¥75 million; and a quarterly net loss of ¥632 million, compared with a net loss of ¥26 million.」

「Revenue was ¥11,547 million, down 17.1% year on year. In terms of earnings, the decline in production increased the cost-of-sales ratio, while fixed costs became relatively heavier compared with the decline in revenue. As a result, the company posted an operating loss of ¥134 million, compared with operating income of ¥744 million in the same period of the previous year; an ordinary loss of ¥25 million, compared with ordinary income of ¥776 million; and a quarterly net loss of ¥195 million, compared with net income of ¥488 million.」

「Revenue was generally steady during the Valentine's Day sales campaign, but the government's request to refrain from going out in late February, followed by the declaration of a state of emergency in April, led to the closure or shorter operating hours of department stores, station buildings and other commercial facilities, as well as a sharp decline in consumption due to calls to avoid nonessential outings. As a result, revenue for the first quarter was ¥6,734 million, down 17.4% year on year. Due to the substantial decline in revenue, operating income was ¥213 million, down 75.0% year on year, ordinary income was ¥232 million, down 73.3%, and quarterly net income was ¥65 million, down 88.6%.」

「Revenue was ¥29,523 million, down 0.1% from the previous fiscal year. In terms of earnings, higher depreciation expenses associated with new store openings and rebuilding the baked-goods line at the Saishin Plant, as well as soaring logistics costs and higher personnel expenses to secure staff amid labor shortages, resulted in operating profit of ¥1,674 million, down 23.5% from the previous fiscal year, ordinary profit of ¥1,708 million, down 23.1%, and net profit of ¥1,095 million, down 21.7%.」

「Revenue for the cumulative third quarter was ¥18,756 million, down 0.7% year on year. In terms of earnings, in addition to the impact of lower revenue, higher depreciation expenses associated with rebuilding the baked-goods line at the Saishin Plant and opening and renovating stores, higher personnel expenses amid labor shortages, and higher transportation expenses following freight rate increases resulted in operating profit of ¥40 million, down 92.3% year on year, ordinary profit of ¥75 million, down 86.6%, and a quarterly net loss of ¥26 million, compared with quarterly net profit of ¥317 million in the same period of the previous year.」

「Although sales of seasonal semi-fresh confectionery and fresh Western-style confectionery such as custard pudding were strong, revenue was affected by department store closures and weak sales of summer products due to the long rainy season and low temperatures. Revenue for the cumulative second quarter was ¥13,927 million, down 0.8% year on year. In terms of earnings, increases in various expenses, including depreciation expenses associated with rebuilding the baked-goods line at the Saishin Plant and opening and renovating stores, personnel expenses due to labor shortages, and transportation expenses following freight rate increases, resulted in operating profit of ¥744 million, down 30.6% year on year, ordinary profit of ¥776 million, down 29.9%, and quarterly net profit of ¥488 million, down 32.5%.」

「Although revenue was affected by department store closures, contributions from stores opened in the previous fiscal year and strong sales of fresh Western-style confectionery resulted in revenue of ¥8,150 million for the cumulative first quarter, up 1.0% year on year. In terms of earnings, rising raw material costs, higher depreciation expenses associated with rebuilding the baked-goods line at the Saishin Plant, and continued increases in logistics-related costs such as transportation and packing expenses resulted in operating profit of ¥853 million, down 15.8% year on year, ordinary profit of ¥868 million, down 15.6%, and quarterly net profit of ¥580 million, down 15.8%.」

「Revenue was ¥29,547 million, down 0.2% from the previous fiscal year. In terms of earnings, higher depreciation expenses associated with rebuilding the baked-goods line at the Saishin Plant, increases in logistics-related costs such as transportation and logistics processing fees amid labor shortages, and higher personnel expenses to secure staff and improve employee compensation resulted in operating profit of ¥2,189 million, down 9.0% from the previous fiscal year, ordinary profit of ¥2,220 million, down 10.2%, and net profit of ¥1,399 million, down 15.5%.」

「Although the summer season and semi-fresh confectionery performed steadily, revenue was affected by department store closures, as well as store closures and shortened operating hours caused by natural disasters such as the typhoon in September. Revenue for the cumulative third quarter was ¥18,892 million, down 0.6% year on year. In terms of earnings, in addition to the impact of lower revenue, higher depreciation expenses associated with rebuilding the baked-goods line at the Saishin Plant and increases in expenses, including logistics-related costs, resulted in operating profit of ¥525 million, down 28.7% year on year, ordinary profit of ¥565 million, down 29.9%, and quarterly net profit of ¥317 million, down 38.0%.」

「Although the summer season progressed steadily, the February Valentine's season was somewhat weak due to cold weather and other factors, in addition to the impact of department store closures. Revenue for the cumulative second quarter was ¥14,044 million, down 0.8% year on year. In terms of earnings, in addition to the impact of lower revenue, higher depreciation expenses associated with rebuilding the baked-goods line at the Saishin Plant and increases in expenses, including logistics costs, resulted in operating profit of ¥1,073 million, down 14.1% year on year, ordinary profit of ¥1,107 million, down 15.7%, and quarterly net profit of ¥723 million, down 18.9%.」

「Although the cost of sales ratio improved due to higher productivity, revenue was affected by department store closures and a somewhat weak February Valentine's season due to cold weather and other factors. Revenue for the cumulative first quarter was ¥8,070 million, down 2.0% year on year. In terms of earnings, the impact of lower revenue and other factors resulted in operating profit of ¥1,014 million, down 3.1% year on year, ordinary profit of ¥1,028 million, down 3.0%, and quarterly net profit of ¥689 million, down 6.4%.」

「Through these company-wide efforts, revenue was ¥29,600 million, up 1.5% from the previous fiscal year, marking the third consecutive fiscal year of revenue growth. In terms of earnings, in addition to the effect of higher revenue, an improved cost of sales ratio resulting from higher productivity resulted in operating profit of ¥2,405 million, up 19.7% from the previous fiscal year, ordinary profit of ¥2,472 million, up 19.6%, and net profit of ¥1,656 million, up 35.0%.」

「Revenue for the cumulative third quarter was ¥19,005 million, up 1.2% year on year. In terms of earnings, in addition to the effect of higher revenue, an improved cost of sales ratio resulting from higher productivity resulted in operating profit of ¥737 million, up 68.8% year on year, ordinary profit of ¥807 million, up 60.8%, and quarterly net profit of ¥512 million, up 99.8%.」

「Although revenue was affected by department store closures, strong sales during event periods such as Valentine's Day, together with steady sales of baked goods and custard pudding, resulted in revenue of ¥14,152 million for the cumulative second quarter, up 1.8% year on year. In terms of earnings, in addition to the effect of higher revenue, an improved cost of sales ratio resulting from higher productivity resulted in operating profit of ¥1,249 million, up 30.2% year on year, ordinary profit of ¥1,313 million, up 28.3%, and quarterly net profit of ¥891 million, up 39.9%.」

「Revenue for the cumulative first quarter was ¥8,236 million, up 1.6% year on year. In terms of earnings, in addition to higher revenue, the effects of efforts to improve productivity resulted in operating profit of ¥1,046 million, up 12.6% year on year, ordinary profit of ¥1,060 million, up 12.5%, and quarterly net profit of ¥736 million, up 20.5%.」

「Through these company-wide efforts, revenue was ¥29,167 million, up 1.7% from the previous fiscal year, marking the second consecutive fiscal year of revenue growth. In terms of earnings, in addition to the effect of higher revenue, lower prices for raw materials such as nuts and efforts to improve productivity resulted in operating profit of ¥2,010 million, up 62.8% from the previous fiscal year, ordinary profit of ¥2,067 million, up 54.6%, and net profit of ¥1,226 million, up 60.3%.」

「Revenue was ¥18,777 million, up 2.5% year on year. In terms of earnings, lower prices for raw materials such as nuts due to the stronger yen and softer market conditions, efforts to improve productivity, and expense reductions contributed to operating profit of ¥437 million, compared with an operating loss of ¥156 million in the same period of the previous year, ordinary profit of ¥501 million, compared with an ordinary loss of ¥48 million, and quarterly net profit of ¥256 million, compared with a quarterly net loss of ¥81 million.」

「Revenue was ¥13,901 million, up 3.1% year on year. In terms of earnings, the cost of sales ratio improved due to lower prices for raw materials such as nuts, reflecting the stronger yen and softer market conditions, as well as improved productivity. The effect of expense reductions also contributed, resulting in operating profit of ¥960 million, up 110.6% year on year, ordinary profit of ¥1,023 million, up 82.5%, and quarterly net profit of ¥637 million, up 84.0%.」