E-commerce-centric sales structure centered on the D2C brand business
First written in FY2025-H1. 3 of 7 entries say "Advanced", first in 2026-05-13. Latest entry: 2026-08-14.
The whole theme swung hardest in 2026: 2 of 13 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- 2026-08-14AdvancedEarnings presentation materials
「Point-of-sale wholesale sales were approximately eight times higher year on year, and their share of revenue rose from 14.8% to approximately 50%.」
The share of point-of-sale wholesale sales rose from 14.8% in the prior-year period to approximately 50%, demonstrating progress in the shift away from an e-commerce-centered sales structure. - FY2026AdvancedAnnual report
「Sales through the Company's own e-commerce channel 8,723,781 14,209,733; sales through third-party e-commerce channels 3,878,985 5,179,466; wholesale sales 1,603,255 9,969,838; Other 9 –; sales to external customers 14,206,033 29,359,038」
Wholesale sales increased from ¥1,603,255 thousand in the same period of the previous year to ¥9,969,838 thousand, further expanding the multi-channel structure comprising the Company's own e-commerce channel, e-commerce marketplaces and in-store wholesale sales. - FY2026-H1Expansion of wholesale salesAnnual report
「Sales through the Company's own e-commerce channel 5,927,808; sales through third-party e-commerce channels 2,230,611; wholesale sales 2,384,162; sales to external customers 10,542,581」
By sales method during the interim accounting period, wholesale sales increased from ¥638,128 thousand in the same period of the previous year to ¥2,384,162 thousand, expanding as a sales channel alongside e-commerce sales. - FY2025RestatedAnnual report
「In particular, sales through the Company's own e-commerce site are centered on subscription services that continuously deliver products to customers at regular intervals. This is a stock-based business model expected to generate recurring revenue by increasing the number of new subscribers and maintaining and improving subscribers' LTV.」
Reconfirms the sales structure of the single-segment D2C brand business, combining the Company's own e-commerce channel, third-party e-commerce channels and wholesale sales. It explicitly describes the Company's own e-commerce channel as a stock-based model centered on subscriptions. - FY2025-H1First statedAnnual report
「As the Company operates a single D2C brand business segment, this information has been omitted.」
Revenue is broken down by sales method into sales through the Company's own e-commerce channel of ¥4,048,683 thousand, sales through third-party e-commerce channels of ¥1,648,559 thousand, and wholesale sales of ¥638,128 thousand.