Significant deterioration in South Korean market conditions
First written in FY2020-Q3. 19 of 28 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2027-H1.
The whole theme swung hardest in 2019: 15 of 34 companies on the "Worse" side.
10 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 Korea, inbound demand was strong and revenue increased 11.3% year on year. Compared with the deterioration in performance through the previous period due to conditions in the Korean market and political turmoil, the current interim period showed a trend toward improvement. - 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.」
Domestic demand in South Korea did decline as a result of political turmoil, and although inbound demand increased and domestic demand recovered in the second half, full-year revenue fell 4.5% from the previous fiscal year. - FY2026-H1WorsenedAnnual report
「Overseas revenue declined in every country, affected by sluggish consumption resulting from political turmoil and deteriorating domestic economies.」
Consumption stagnated across overseas markets due to political turmoil and deteriorating domestic economies, resulting in revenue declines in every country. Revenue in South Korea, Taiwan and the US also decreased year on year. - FY2025MitigatedAnnual report
「In South Korea, revenue was ¥7,280.8 million, up 9.8% from the previous fiscal year, as GRAND STAGE performed well and inbound visitors from China, Taiwan and Japan drove sales.」
Revenue in South Korea increased 9.8% from the previous fiscal year, driven by GRAND STAGE and inbound demand, and the impact of deteriorating market conditions in South Korea continued to ease. - FY2025-H1MitigatedAnnual report
「Overseas performance was strong, mainly in South Korea, where sales benefited from the expansion of Grand Stage store openings. The yen weakened significantly, and sales in South Korea increased 15.0% year on year to ¥36,704 million, while sales in Taiwan increased 5.0% to ¥6,162 million.」
Sales in South Korea were strong as GRAND STAGE expanded its store network, and revenue increased 15.0% year on year. The impact of deteriorating market conditions in South Korea continues to ease. - FY2025-Q1MitigatedAnnual report
「Revenue in Asia increased, mainly because GRAND STAGE performed well. Revenue in South Korea was ¥1,717.4 million, up 13.5% year on year, while revenue in Taiwan was ¥340.6 million, up 7.6%.」
Revenue in South Korea and Taiwan increased on the strong performance of GRAND STAGE, and the impact of deteriorating market conditions in South Korea continued to ease. - FY2024-Q3MitigatedAnnual report
「Revenue and profit increased in South Korea, Taiwan and the US. The yen continued to trend weaker against the previous year. On a yen basis, revenue in South Korea was ¥4,821.8 million, up 16.4% year on year, while revenue in Taiwan was ¥882.2 million, up 23.6%.」
Revenue and profit increased in South Korea, Taiwan and the US, and revenue in South Korea also rose 16.4% year on year, so the impact of deteriorating market conditions in South Korea continued to ease. - FY2024-Q2MitigatedAnnual report
「On a local-currency basis, revenue increased significantly in both South Korea and Taiwan. The yen continued to trend weaker, and on a yen basis, revenue in South Korea was ¥3,191.1 million, up 17.5% year on year, while revenue in Taiwan was ¥586.8 million, up 34.5%.」
Increased opportunities to go out supported growth in Asian consumption, and revenue increased in both South Korea and Taiwan. The impact of deteriorating market conditions in South Korea continues to ease. - FY2024-Q1MitigatedAnnual report
「Overseas performance was affected by the spread of COVID-19 and significant supply-chain disruption from January to March last year, corresponding to the first quarter of the previous fiscal year, but the business environment improved substantially this quarter as restrictions on activities were lifted, resulting in significant revenue growth even on a local-currency basis. The yen continued to weaken against all currencies compared with the same period of the previous year. On a yen basis, revenue in South Korea was ¥1,513.8 million, up 33.5% year on year.」
The overseas business environment improved significantly as restrictions on activities were lifted, and revenue in South Korea increased 33.5% year on year. The impact of deteriorating market conditions in South Korea eased. - FY2023-Q3MitigatedAnnual report
「Overseas performance increased in both revenue and profit as consumption continued to recover in Asia, driven by the easing of restrictions on activities and increased inbound demand.」
Consumption in Asia began to recover as restrictions on activities eased and inbound demand increased, easing the impact of deteriorating overseas market conditions on performance. - FY2023-Q2MitigatedAnnual report
「In Asia, economic activity resumed from March as the number of infections declined, and consumption began to recover.」
The resumption of economic activity after infections declined supported a recovery in Asian consumption, easing the impact of deteriorating market conditions on overseas businesses, including South Korea. - FY2023-Q1MitigatedAnnual report
「In Asia, business conditions deteriorated from the end of last year through the Lunar New Year due to the spread of COVID-19, but economic activity resumed from March as the number of infections declined, and signs of improvement began to emerge.」
It was stated that business conditions in Asia, including South Korea and Taiwan, which had deteriorated through the Lunar New Year, improved as infections declined and economic activity resumed from March. - FY2022MitigatedAnnual report
「Economic policies under the living-with-COVID approach proved effective in South Korea, and revenue was ¥4,631.1 million, up 13.0% from the previous fiscal year.」
The living-with-COVID policy proved effective in South Korea, and revenue increased 13.0% from the previous fiscal year. The full-year impact of deteriorating market conditions caused by the pandemic and restrictions on outings improved. - FY2022-Q3MitigatedAnnual report
「Economic policies under the living-with-COVID approach proved effective in South Korea, and revenue was ¥3,515.5 million, up 14.6% year on year.」
The living-with-COVID policy proved effective in South Korea, and revenue increased 14.6% year on year. - FY2022-Q2MitigatedAnnual report
「Although COVID-19 began spreading again, mainly in Asia, from this spring and restrictions on outings were reintroduced, revenue in South Korea was ¥2,382.7 million, up 13.3% year on year; Taiwan was ¥355.2 million, up 2.8%; and the US was ¥943.0 million, up 21.6%.」
While restrictions on outings were reintroduced, mainly in Asia, revenue increased year on year in South Korea, Taiwan and the US, and overseas performance improved. - FY2022-Q1MitigatedAnnual report
「Overseas performance improved significantly in all countries as the spread of COVID-19 subsided. Revenue in South Korea was ¥1,116.4 million, up 17.1% year on year; Taiwan was ¥241.4 million, up 20.8%; and the US was ¥492.1 million, up 27.5%.」
Revenue in South Korea, Taiwan and the US all increased year on year as the spread of infections subsided, and the impact of deteriorating market conditions in South Korea improved during the quarter. - FY2021WorsenedAnnual report
「In South Korea, revenue was ¥4,099.5 million, down 20.4% from the previous fiscal year, as avoidance of travel to urban areas and restrictions on outings continued, as in Japan.」
Revenue in South Korea fell 20.4% from the previous fiscal year due to avoidance of urban areas and restrictions on outings, and the impact of deteriorating market conditions increased over the full year. - FY2021-Q3WorsenedAnnual report
「In South Korea, Taiwan and the US, the performance of overseas consolidated subsidiaries had been gradually improving, but infections began to spread again in the second half. Consumption trends in all three countries began to stagnate again, particularly in urban areas, due to reduced inbound demand and efforts to avoid crowds. If this situation persists, it could adversely affect the performance of the overseas consolidated subsidiaries.」
It was stated that, after the performance of the overseas subsidiaries had been improving, infections spread again in the second half and consumption began to stagnate again, particularly in urban areas in each country. - FY2021-Q2MitigatedAnnual report
「Revenue in South Korea was ¥2,103.8 million, down 23.7% year on year; Taiwan was ¥345.5 million, down 7.9%; and the US was ¥775.8 million, down 10.3%.」
South Korea's year-on-year revenue decline narrowed from 30.2% in FY2021-Q1 to 23.7% in the first half, but the effects of avoiding urban areas and reduced outings due to COVID-19 continued across overseas markets. - FY2021-Q1WorsenedAnnual report
「Overseas performance deteriorated in every country due to the spread of COVID-19 and an unusually warm winter, although the yen was slightly stronger than at the end of the same period of the previous year. Sales in South Korea declined 30.2% year on year to ¥9,533 million, sales in Taiwan declined 4.1% to ¥1,999 million, and sales in the US declined 12.9% to ¥3,860 million.」
In South Korea, business conditions deteriorated due to the spread of COVID-19 and an unusually warm winter, with sales declining 30.2% year on year. Sales also declined in Taiwan and the US. - FY2020WorsenedAnnual report
「In South Korea, we struggled as deteriorating market conditions affected the second half, but new store openings contributed to sales, which increased 0.4% from the previous fiscal year to ¥51,532 million.」
In South Korea, deteriorating market conditions in the second half affected full-year performance, and overseas segment profit declined 5.4% from the previous fiscal year through a reduction in gross profit caused by increased discount sales. - FY2020-Q3First statedAnnual report
「In South Korea, deteriorating market conditions began to have an impact in the second half, but sales increased 3.3% year on year to ¥38,854 million as new store openings progressed.」
The impact of deteriorating market conditions in South Korea from the second half was first explicitly identified. Sales increased 3.3% year on year, partly due to progress in opening new stores.