Downside in sales of pre-owned luxury goods due to the delayed recovery in inbound demand
First written in FY2023-Q2. 6 of 11 entries say "Mitigated", first in FY2024-Q2. Latest entry: 2026-08-06.
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- FY2026WorsenedAnnual report
「Regarding the overseas business of 2nd STREET, sales increased through the opening of directly operated stores, including in Singapore and Hong Kong, which were entered during the current consolidated fiscal year. Luxury sales amounted to ¥57,595 million, down 1.1% year on year.」
While overseas 2nd STREET expanded, the luxury business saw distribution of its core products stagnate due to the impact of US tariff policy, resulting in sales down 1.1% year on year. - FY2026-H1WorsenedAnnual report
「OKURA TOKYO, which handles reused luxury goods, continues to face difficult conditions due to the slowdown in inbound demand, which had been strong in the previous fiscal year, and the impact of US tariffs.」
The company stated that OKURA TOKYO's difficult conditions have continued as inbound demand, which had been strong in the previous fiscal year, has slowed and the impact of US tariffs has been added. - FY2025MitigatedAnnual report
「OKURA TOKYO, which mainly handles reused luxury goods, particularly luxury watches, performed steadily amid weak trading conditions by improving product liquidity and managing risk.」
The company stated that OKURA TOKYO performed steadily through risk management that enhanced product liquidity, even amid weak luxury watch market conditions. - FY2024-Q3MitigatedAnnual report
「OKURA TOKYO, which handles reused luxury goods, has performed well, mainly in retail sales.」
In relation to the delayed recovery in inbound demand, which had remained below expectations through the previous fiscal year, the company stated that retail sales at OKURA TOKYO performed well this time. - FY2024-Q2MitigatedAnnual report
「Retail sales at OKURA TOKYO, which handles reused luxury goods, performed well, also benefiting from inbound demand.」
Regarding inbound demand, which had been below expectations through the previous filing, the company stated that it had made progress in capturing this demand this time and that retail sales at OKURA TOKYO performed well. - FY2023-Q3RestatedAnnual report
「Although sales of reused luxury goods fell below expectations,」
The downside in sales of reused luxury goods due to the delayed full-scale recovery in inbound demand continues to be disclosed. - FY2023-Q2First statedAnnual report
「The full-scale recovery in inbound demand took time, and sales of reused luxury goods fell below expectations.」
The fact that sales of reused luxury goods fell below expectations due to the delayed full-scale recovery in inbound demand was identified separately for the first time as a risk in the demand environment.