Decline in sales at existing home improvement stores due to the previous year's reaction
First written in FY2022-Q3. 1 of 3 entries say "Materialised", first in FY2022. Latest entry: FY2023-Q2.
0 other companies' latest entry also says "Mitigated".
- FY2023-Q2MitigatedAnnual report
「Sales for the cumulative first half were ¥9.372 billion. Excluding the impact of applying the revenue recognition accounting standard and other related standards, sales were 102.8% of the same period of the previous year.」
Home improvement business sales were 102.8% of the same period of the previous year excluding the impact of the accounting standard. The risk that the reversal of demand for infection-prevention products in the previous year would result in lower existing-store sales was reflected in sales exceeding the previous year's level in the current quarter. - FY2022MaterialisedAnnual report
「Although demand for infection-prevention products in the previous fiscal year was affected by a reversal, sales of pet and gardening products, which we have been strengthening, exceeded the previous fiscal year's level and remained strong.」
The reversal of demand for infection-prevention products in the previous fiscal year was reflected in lower home improvement business sales, with HC sales at 91.8% of the previous fiscal year. - FY2022-Q3First statedAnnual report
「In the home improvement business, due partly to the impact of the reversal of last year's conditions, existing-store sales for the cumulative first 3 quarters were 93.0% of the same period of the previous year, although they were 110.5% of the same period of fiscal 2019,」
The reversal of the previous year's conditions was reflected in actual existing-store sales in the home improvement business, which were 93.0% of the same period of the previous year. By contrast, sales were 110.5% of the same period of fiscal 2019.