Komori
Watts (2735) · RiskMaterialised

Sostrene Grene Sales Below Plan and Higher SG&A Expenses from Upfront Investment

First written in FY2017. 4 of 4 entries say "Materialised", first in FY2017. Latest entry: FY2019.

4entries
3years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseMaterialisedFY2017 – FY20192017: 120172018: 020182019: 32019
Same theme, other companies
Risk of short-term margin deterioration from step-change growth investmentsA theme 49 companies write about · 49 as a headwind · 0 as a tailwind

Watts moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).

The whole theme swung hardest in 2017: 6 of 20 companies on the "Worse" side.

6 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 49 companies compared. The sentences above are computed from all 49.
Full recordFilings, disclosures and news, newest first
  1. FY2019MaterialisedAnnual report

    「既存店売上高は未だ計画には届いていないものの、引き続きSNSを活用したプロモーションや品揃えの強化を行うことでリピーターの獲得に努めてまいります。」

    Sostrene Greneの既存店売上高が引き続き計画未達であることを記載している。
  2. FY2019-Q3MaterialisedAnnual report

    「既存店売上高は未だ計画には届いていないものの、引き続きSNSを活用したプロモーションや品揃えの強化を行うことで集客力を高めてまいります。」

    Sostrene Greneの既存店売上高が引き続き計画未達であることを記載している。
  3. FY2019-Q2MaterialisedAnnual report

    「既存店売上高は未だ計画には届いていないものの、引き続きSNSを活用したプロモーションや品揃えの強化を行うことで集客力を高めてまいります。」

    Sostrene Greneの既存店売上高が引き続き計画未達であることを記載し、SNSプロモーションと品揃え強化を継続している。
  4. FY2017MaterialisedAnnual report

    「Sales at Sostrene Grene, where openings began during the current consolidated fiscal year, fell short of plan, while upfront investment caused SG&A expenses to rise more than expected, among other factors. As a result, results exceeded the previous year but fell short of plan.」

    Identifies Sostrene Grene’s sales shortfall and higher-than-expected SG&A expenses from upfront investment as actual performance factors.
Moved together

"Impairment of Fixed Assets at Unprofitable Stores" moved the same way as this thread, in the same document, in 4 of its 4 moves.

443332★123456
  1. ★This thread
  2. 1Impairment of Fixed Assets at Unprofitable Stores4×
  3. 2Political, Regulatory, Foreign-Exchange and Business-Practice Risks Associated with International Expansion4×
  4. 3Weak Personal Consumption Amid Falling Stock Prices and Yen Appreciation3×
  5. 4Increase in SG&A expenses and decline in profit associated with opening and refurbishing large Watts stores3×
  6. 5Strengthening Profitability3×
  7. 6Labor Shortages and Rising Wages for Part-Time Workers2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Watts's next results are scheduled for 2026-10-09. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.