Product planning risk from intensifying competition and changing trends
First written in FY2017. 5 of 7 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2026.
and ST HD moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 5 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Challenges in responding to climate change in Japan and overseas and in the performance of major brands meant that both revenue and profit fell short of the initial forecasts.」
It states that responding to climate change and the performance of the major brands became challenges, and that sales and profit fell short of the initial forecasts. - FY2025MaterialisedAnnual report
「However, the gross margin of the apparel and general merchandise business declined from the previous year because of higher costs due to the weaker yen, inventory write-downs resulting from weak sales of autumn merchandise and the downward impact of the higher proportion of B2B operations, including the wholesale business.」
Inventory write-downs were recognized due to weak sales during the autumn selling season, and risks related to product planning and responding to demand emerged as factors worsening earnings. - FY2019MaterialisedAnnual report
「The weakness in domestic sales was attributable to sluggish sales of summer products from April through May.」
The risk related to product planning and product response emerged as weak domestic sales during the current fiscal year due to sluggish sales of summer products. - FY2019-Q3MaterialisedAnnual report
「Domestic sales recovered to approximately the same level as in the same period of the previous year. Sales of summer products were sluggish from April through May at brands other than niko and ..., but the early implementation of summer sales in June, together with the recovery of the core brands GLOBAL WORK and LOWRYS FARM during the autumn/winter selling season, produced this result.」
It states that sales of summer products were poor from April through May at brands other than niko and ..., representing an actual factor behind weak domestic sales related to product planning and product response. Meanwhile, the core brands recovered during the autumn/winter selling season. - FY2019-Q1MaterialisedAnnual report
「The weakness in Japan was attributable to poor sales of summer merchandise introduced from mid-April, as well as the impact of temporarily deteriorating weather conditions in May.」
Sales of the summer products launched were poor, and risks related to product planning and product response are described as actual factors behind the decline in performance. - FY2018RestatedAnnual report
「The casual apparel retail market in which our group’s major brands operate faces intense competition from Japanese and overseas competitors, and fashion trends and consumer preferences tend to change significantly over short periods. Depending on the company’s response through product planning and other measures, this may affect its performance.」
It continues to describe the risk of an impact on performance from intensifying competition, changes in trends and preferences, and responses in product planning. - FY2017First statedAnnual report
「The casual apparel retail market in which our group’s major brands operate faces intense competition from Japanese and overseas competitors, and fashion trends and consumer preferences tend to change significantly over short periods. Depending on the company’s response through product planning and other measures, this may affect its performance.」
It identifies domestic and overseas competition, short-term changes in trends and preferences, and responses in product planning as risks that could affect performance.