Establishing an Optimal Manufacturing Setup as a Specialty Store Retailer of Private-Label Apparel

「At the Vietnamese subsidiary D&Q JEWELLRY Co., Ltd, external orders from other companies remained solid, supported by the positive evaluation of the jointly developed collection with Isetan, following continued efforts to improve quality.」

「At the Vietnamese subsidiary D&Q JEWELLRY Co., Ltd, external orders from other companies remained solid, supported by the positive evaluation of the jointly developed collection with Isetan, following continued efforts to improve quality.」

「Contract manufacturing orders from multiple companies, including major jewelry manufacturers with which OEM contracts have been signed, have continued steadily. In July 2025, the company began selling LUX eternal, a jointly developed collection with Isetan, made possible by upgrading its in-house manufacturing capabilities. This reflects the high regard for the technical capabilities and quality-control capabilities of the company's Vietnam factory.」

「For several companies, including the major jewelry manufacturer with which an OEM contract was secured in the previous fiscal year, contract manufacturing orders have continued steadily. The company is therefore considering investments to strengthen its manufacturing and sales structures to support further business expansion.」

「For D&Q JEWELLRY Co., Ltd., the Vietnam subsidiary at the core of the Group's production facilities (Japanese name: ディーアンドキュー ジュエリー), the company worked to improve quality by strengthening the manufacturing structure and reduced manufacturing costs through SCM optimization and production rationalization as an SPA company, including by shortening the manufacturing lead time for made-to-order products through the use of a 3D digital customization system. In addition, it considered OEM production and strengthened its sales function, resulting in manufacturing orders from several companies, including major jewelry manufacturers, in addition to its own-brand products.」

「The company advanced optimization of supply chain management (SCM) as an SPA company, including developing and manufacturing products using new materials and shortening the manufacturing lead time for made-to-order products through the use of a 3D digital customization system.」

「For the Vietnam subsidiary D&Q JEWELLRY Co., Ltd. (Japanese name: ディーアンドキュー ジュエリー), the company focused on improving quality by strengthening the manufacturing structure and reducing manufacturing costs through production rationalization. It also considered OEM production in addition to its own-brand products and strengthened its sales function, resulting in manufacturing orders from several companies, including major jewelry manufacturers.」

「For the Vietnam subsidiary D&Q JEWELRY Co., Ltd. (Japanese name: ディーアンドキュー ジュエリー), we considered OEM production in addition to our own-brand products, reviewed the manufacturing structure and sought to improve cost competitiveness through production rationalization. At the same time, we advanced the establishment of an optimal manufacturing structure as an SPA company by ensuring further quality improvements and process stability.」

「At D&Q JEWELLRY Co., Ltd., the Vietnam subsidiary responsible for production (Japanese name: ディーアンドキュー ジュエリー), the Group worked to improve competitiveness across the Group as an SPA company, including by focusing on quality control and process stability.」

「At D&Q JEWELLRY Co., Ltd., the Vietnam subsidiary responsible for production (Japanese name: ディーアンドキュー ジュエリー), the Group worked to improve competitiveness across the Group as an SPA company, including by focusing on quality control and process stability.」

「For the Vietnam subsidiary D&Q JEWELLERY Co., Ltd. (Japanese name: ディーアンドキュー ジュエリー), we will consider OEM production in addition to our own-brand products, while reviewing the manufacturing structure and improving cost competitiveness through production rationalization. In addition, we will seek to establish an optimal manufacturing structure as an SPA company by ensuring further quality improvements and process stability.」

「Although lockdowns in Vietnam due to the spread of COVID-19 and logistics and supply constraints stemming from the situation between Russia and Ukraine raised concerns about supply chain disruptions, the Group minimized the impact on its performance by diversifying its supply and logistics structure and working to stabilize processes.」

「The company worked to improve competitiveness across the Group, including by focusing on quality control and process stability.」

「The company worked to improve competitiveness across the Group, including by focusing on quality control and process stability.」

「At D&Q JEWELLERY Co., Ltd., the Vietnam subsidiary responsible for production (Japanese name: ディーアンドキュー ジュエリー), the operating rate had fallen significantly due to adjustments to Group-wide orders. However, production volumes are now recovering in line with the gradual recovery in domestic sales.」

「At D&Q JEWELLERY Co., Ltd., the Vietnam subsidiary responsible for production (Japanese name: ディーアンドキュー ジュエリー), the operating rate had fallen significantly due to adjustments to Group-wide orders following the sharp decline in domestic demand. However, production volumes are now recovering in line with the gradual recovery in domestic sales.」

「At D&Q JEWELLERY Co., Ltd., the Vietnam subsidiary responsible for production (Japanese name: ディーアンドキュー ジュエリー), the operating rate had fallen significantly due to adjustments to Group-wide orders following the sharp decline in domestic demand and restrictions on procurement. However, production volumes are now recovering in line with the gradual recovery in domestic sales.」

「For the Vietnam subsidiary D&Q JEWELLERY Co., Ltd. (Japanese name: ディーアンドキュー ジュエリー), based on the lessons of the COVID-19 crisis, we will consider OEM production in addition to our own-brand products, while reviewing the manufacturing structure and improving cost competitiveness through production rationalization. In addition, we will seek to establish an optimal manufacturing structure as an SPA company by ensuring further quality improvements and process stability.」

「At production subsidiary D&Q JEWELLERY Co., Ltd. in Vietnam (Japanese name: ディーアンドキュー ジュエリー), the operating rate declined significantly because production facilities were temporarily shut down, among other measures, in response to adjustments to Group-wide orders resulting from a sharp decline in demand and restrained procurement.」

「At production subsidiary D&Q JEWELLERY Co., Ltd. in Vietnam (Japanese name: ディーアンドキュー ジュエリー), we worked to enhance competitiveness across the Group as an SPA company. However, confusion in the local management structure and the resulting inefficiencies in the supply chain caused a temporary decline in the operating rate.」

「At production subsidiary D&Q JEWELLERY Co., Ltd. in Vietnam (Japanese name: ディーアンドキュー ジュエリー), we worked to enhance competitiveness across the Group as an SPA company, focusing particularly on quality control and process stabilization.」

「For the Vietnam subsidiary D&Q JEWELLERY Co., Ltd. (Japanese name: ディーアンドキュー ジュエリー), we will consider reviewing the manufacturing structure and undertaking contract manufacturing, while strengthening cost competitiveness through production rationalization. In addition, we will seek to establish an optimal manufacturing structure as an SPA company by ensuring further quality improvements and process stability.」

「At production subsidiary D&Q JEWELLERY Co., Ltd. in Vietnam (Japanese name: ディーアンドキュー ジュエリー), the challenge as an SPA company was to build customer-driven SCM (supply chain management). Against this backdrop, we strengthened the group management structure and focused particularly on quality control and process stabilization to enhance competitiveness across the Group.」

「At production subsidiary D&Q JEWELLERY Co., Ltd. in Vietnam (Japanese name: ディーアンドキュー ジュエリー), the challenge as an SPA company was to build customer-driven SCM (supply chain management). Against this backdrop, we strengthened the group management structure and focused particularly on quality control and process stabilization to enhance competitiveness across the Group.」

「As an SPA company, the Group strengthened its management structure, focusing particularly on quality control and process stability, in an effort to improve competitiveness across the Group.」

「At production subsidiary D&Q JEWELLERY Co., Ltd. in Vietnam (Japanese name: ディーアンドキュー ジュエリー), we focused particularly on strengthening quality control and stabilizing processes to improve manufacturing capabilities.」

「At production subsidiary D&Q JEWELLERY Co., Ltd. in Vietnam (Japanese name: ディーアンドキュー ジュエリー), we focused particularly on strengthening quality control and stabilizing processes to improve manufacturing capabilities.」

「At D&Q JEWELLERY Co., Ltd., the Vietnam subsidiary responsible for production (Japanese name: ディーアンドキュー ジュエリー), the Group strengthened its management structure as an SPA company, focusing particularly on quality control and process stability to improve manufacturing capabilities. As a result, products from the subsidiary continued to account for a high 46.0% of sales at 株式会社サダマツ, contributing to improved competitiveness across the Group and lower product costs.」

「At D&Q JEWELLERY Co., Ltd., the Vietnam subsidiary responsible for production (Japanese name: ディーアンドキュー ジュエリー), the Group strengthened its management structure as an SPA company, focusing particularly on quality control and process stability to improve manufacturing capabilities. As a result, products from the subsidiary continued to account for a high 46.8% of sales at the parent company, サダマツ, contributing to improved competitiveness across the Group and lower product costs.」

「For the Vietnam subsidiary D&Q JEWELLERY Co., Ltd. (Japanese name: ディーアンドキュー ジュエリー), we will consider reviewing the manufacturing structure and undertaking contract manufacturing, while advancing rationalization and efficiency improvements across the Group. We will also seek to establish an optimal manufacturing structure as an SPA company by ensuring further quality improvements and process stability through stronger cooperation with the parent company, サダマツ.」

「At production subsidiary D&Q JEWELLERY Co., Ltd. in Vietnam (Japanese name: ディーアンドキュー ジュエリー), we worked to improve manufacturing capabilities, particularly by strengthening quality control and stabilizing processes, in order to further enhance competitiveness across the Group as an SPA company.」

「At D&Q JEWELLERY Co.,Ltd, the Group’s Vietnamese manufacturing subsidiary (Japanese name: ディーアンドキュー ジュエリー), we worked to improve manufacturing capabilities, centered on strengthening quality control and stabilizing processes, including the introduction of high-performance measuring equipment to ensure reliable quality, with the aim of further improving competitiveness across the Group as an SPA company.」

「As a result of strengthening the Group’s management structure as an SPA company, including a particular focus on quality control and process stabilization to improve manufacturing capabilities, products manufactured by the company accounted for 47.6% of sales at its parent company, Sadamatsu, contributing to improved competitiveness across the Group and lower product costs.」

「For the Vietnam subsidiary D&Q JEWELLERY Co., Ltd. (Japanese name: ディーアンドキュー ジュエリー), we will consider reviewing the manufacturing structure and undertaking contract manufacturing, while advancing rationalization and efficiency improvements across the Group. We will also seek to establish an optimal manufacturing structure as an SPA company by ensuring further quality improvements and process stability through stronger cooperation with the parent company, サダマツ.」

「At D&Q JEWELLERY Co., Ltd., the Vietnam subsidiary responsible for production (Japanese name: ディーアンドキュー ジュエリー), the company worked to strengthen quality control and process management in order to establish an optimal manufacturing structure as an SPA company.」