Concentration of overseas sales in South Korea and volatility in overseas conditions
First written in FY2021. 2 of 4 entries say "Materialised", first in FY2026-H1. Latest entry: FY2027-H1.
4 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「In Korea, revenue increased 11.3% year on year to ¥37.519 billion, supported by strong inbound demand. In Taiwan, revenue likewise increased 14.9% year on year to ¥6.866 billion.」
Inbound demand was strong in Korea and Taiwan, with revenue increasing 11.3% in Korea and 14.9% in Taiwan. Whereas the previous period showed a revenue decline due to changes in conditions overseas, both regions recorded revenue growth during the current interim period. - FY2026MaterialisedAnnual report
「Domestic demand in South Korea declined in the first half due to political turmoil, but inbound visitors nearly doubled from the previous year, and domestic demand began to recover from the second half. Revenue in South Korea was ¥6,950.4 million, down 4.5% from the previous fiscal year.」
The risk of concentrated sales in South Korea and fluctuations in overseas conditions materialized as a decline in domestic demand in South Korea due to political turmoil and a full-year decline in sales. - FY2026-H1MaterialisedAnnual report
「Overseas revenue declined in every country, affected by sluggish consumption resulting from political turmoil and deteriorating domestic economies.」
The risk of concentration in overseas sales, including South Korea, and fluctuations in overseas conditions materialized as weak consumption due to political turmoil and deteriorating domestic economies, and as sales declines across countries. - FY2021First statedAnnual report
「Approximately 30% of the Group's net sales are generated overseas, of which 20% are generated in South Korea. In South Korea, we have concentrated store openings in Seoul and Gyeonggi Province, which together account for more than half of total sales. Although performance has deteriorated in the past due to outbreaks of infectious diseases such as SARS and MARS and campaigns to boycott Japanese products, similar events could occur as a result of changes in political and economic conditions.」
The structure in which South Korea accounts for approximately 20% of the approximately 30% of sales generated overseas, with sales concentrated in Seoul and Gyeonggi Province, as well as past performance deterioration caused by infectious disease outbreaks and campaigns to boycott Japanese products, were identified as risks.