Shift from Expansion-Driven Growth to Stronger Profitability and Early Performance Recovery
First written in FY2017. 21 of 30 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-13.
The whole theme swung hardest in 2019: 12 of 76 companies on the "Worse" side.
43 other companies' latest entry also says "Advanced".
- 2026-08-13AdvancedInvestor presentation
「We achieved quarterly record highs in both purchases from individual customers and revenue.」
The company achieved record quarterly purchases and revenue through stronger purchases from individual customers and its retail-first approach. - FY2026AdvancedAnnual report
「Net sales were ¥21,707 million, or 10.9%, above the initial plan. Operating profit was ¥1,288 million, or 16.1%, above plan. …」
For the fiscal year ending March 2026, net sales, operating profit, ordinary profit and net income attributable to owners of the parent all exceeded the initial plan, indicating progress in strengthening earnings power. - FY2024-Q3AdvancedAnnual report
「Based on this approach, the Group worked to achieve its VISION across all operations. As a result, revenue for the nine months ended 31 December was ¥84,141 million, up 34.2% year on year. ... Operating income was ¥5,121 million, up 38.0%; ordinary income was ¥5,158 million, up 29.7%; and net income attributable to owners of the parent was ¥3,674 million, up 36.3%, all representing substantial profit growth.」
As a result of initiatives toward achieving its vision, revenue and earnings increased in the nine months ended 31 December, with all major profit measures from operating profit downward exceeding the previous year's levels. - FY2024-Q1AdvancedAnnual report
「Under its mission of “creating empathy for a circular society by respecting those who make, thanking those who connect, and providing inspiration to those who acquire,” the Group seeks to contribute to the development of sound reuse markets in Japan and overseas and promote initiatives that help more people feel that “reuse is familiar and convenient,” with the aim of realizing its vision of “turning relay reuse from an idea into a culture.” … Operating profit was ¥1,724 million, up 133.2% year on year.」
Under its philosophy of expanding relay reuse from an idea into a culture, the Group advanced market development in Japan and overseas, store openings, stronger purchasing and sales, and expense controls, with first-quarter operating profit up 133.2% year on year. - FY2023AdvancedAnnual report
「The results and progress for the fiscal year ending March 2023 were as follows. Net sales were ¥8,113 million, or 10.4%, above plan. Operating profit was ¥1,388 million, or 36.7%, above plan, owing partly to the earnings contribution from higher net sales, which exceeded the increase in selling, general and administrative expenses such as advertising and personnel costs. Net income attributable to owners of the parent was ¥1,256 million, or 51.3%, above plan, mainly due to these earnings factors.」
For the fiscal year ending March 2023, net sales, operating profit and net income attributable to owners of the parent exceeded plan, indicating quantitative progress toward restoring earnings power. - FY2023-Q3AdvancedAnnual report
「As a result, for the nine months ended 31 December, revenue was ¥62,696 million, up 25.7% year on year; operating income was ¥3,710 million, up 39.8%; ordinary income was ¥3,978 million, up 49.4%; and net income attributable to owners of the parent was ¥2,694 million, up 62.4%.」
The Group advanced purchases from individuals, corporate sales, store and online initiatives, and expense controls, achieving higher revenue and earnings in the nine months ended 31 December, with quantitative progress toward restoring earnings power continuing. - FY2023-Q2AdvancedAnnual report
「Amid these conditions, the Group continued measures to prevent the spread of COVID-19, placing the safety of customers and employees first, while strengthening purchases from individuals and controlling inventory and expenses through corporate sales. As a result, for the six months ended 30 September, net sales were ¥39,220 million, up 28.0% year on year; operating profit was ¥1,744 million, up 57.0%; ordinary profit was ¥1,709 million, up 51.8%; and net income attributable to owners of the parent was ¥1,091 million, up 51.0%.」
The Group advanced purchases from individuals, corporate sales, and inventory and expense controls, achieving higher revenue and earnings in the six months ended 30 September and demonstrating quantitative progress toward restoring earnings power. - FY2023-Q1AdvancedAnnual report
「In response to COVID-19, the Group continued measures to prevent the spread of infection, placing the safety of customers and employees first. While implementing infection-control measures such as stringent health and safety procedures, working from home and the use of web conferences, it continued operations on the premise of ensuring customer and employee safety, while strengthening purchases from individuals and controlling inventory and expenses through corporate sales. As a result, for the three months ended 30 June, net sales were ¥18,753 million, up 32.4% year on year; operating profit was ¥739 million, up 45.3%; ordinary profit was ¥760 million, up 47.4%; and net income attributable to owners of the parent was ¥519 million, up 54.0%.」
The Group continued infection-control measures, strengthened purchases from individuals and corporate sales, and controlled inventory and expenses, achieving higher revenue and earnings in the first quarter. The figures indicate progress toward restoring earnings power. - FY2022-Q3AdvancedAnnual report
「At 株式会社コメ兵, in addition to continuing from the previous fiscal year to strengthen communication with customers and provide services adapted to new lifestyles, the Group held limited events while ensuring store safety. To strengthen purchases from individuals, it actively conducted purchasing events to secure merchandise and opened new specialist purchasing stores under the concept of “purchasing at the usual, nearby place where customers feel safe.” During the nine months ended 31 December, it also promoted operational efficiency and strengthened contactless sales initiatives, including encouraging use of its online store and strengthening corporate sales through online auctions hosted by the Group, thereby establishing a structure capable of securing sales even under a state of emergency. As a result, net sales were ¥49,872 million, compared with ¥35,951 million in the same period of the previous year; operating profit was ¥2,654 million, compared with ¥61 million; ordinary profit was ¥2,662 million, compared with an ordinary loss of ¥70 million; and net income attributable to owners of the parent was ¥1,659 million, compared with a quarterly net loss of ¥666 million.」
The Group advanced limited events with infection-control measures, strengthened purchases from individuals, opened specialist purchasing stores, improved operational efficiency, and expanded online sales and online auctions for corporate clients, restoring nine-month operating profit to ¥2,654 million, ordinary profit to ¥2,662 million and quarterly net income attributable to owners of the parent to ¥1,659 million. - FY2022-Q2AdvancedAnnual report
「Meanwhile, while working to control expenses, 株式会社コメ兵 continued from the previous fiscal year to strengthen communication with customers and provide services adapted to new lifestyles. To strengthen purchases from individuals, it actively conducted purchasing events to secure merchandise and opened new specialist purchasing stores under the concept of “purchasing at the usual, nearby place where customers feel safe.” During the six months ended 30 September, it also promoted operational efficiency and strengthened contactless sales initiatives, including encouraging use of its online store and strengthening corporate sales through online auctions hosted by the Group, thereby establishing a structure capable of securing sales even under a state of emergency. As a result, net sales were ¥30,635 million, compared with ¥20,819 million in the same period of the previous year; operating profit was ¥1,110 million, compared with an operating loss of ¥956 million; ordinary profit was ¥1,125 million, compared with an ordinary loss of ¥1,044 million; and net income attributable to owners of the parent was ¥722 million, compared with a net loss attributable to owners of the parent of ¥1,379 million.」
The Group advanced expense controls, purchases from individuals, store openings, and online sales and auctions, restoring first-half operating profit to ¥1,110 million, ordinary profit to ¥1,125 million and quarterly net income attributable to owners of the parent to ¥722 million. - FY2022-Q1AdvancedAnnual report
「Meanwhile, while working to control expenses, 株式会社コメ兵 continued from the previous fiscal year to strengthen communication with customers and provide services adapted to new lifestyles. To strengthen purchases from individuals, it actively conducted purchasing events to secure merchandise and opened new specialist purchasing stores under the concept of “purchasing at the usual, nearby place where customers feel safe.” It also promoted operational efficiency and strengthened contactless sales initiatives, including encouraging use of its online store and holding online auctions for corporate clients. As a result, for the three months ended 30 June, net sales were ¥14,162 million, compared with ¥7,861 million in the same period of the previous year; operating profit was ¥508 million, compared with an operating loss of ¥860 million; ordinary profit was ¥515 million, compared with an ordinary loss of ¥937 million; and net income attributable to owners of the parent was ¥337 million, compared with a net loss attributable to owners of the parent of ¥1,229 million.」
The Group advanced expense and operational efficiency measures, purchasing events, new specialist purchasing stores, and online sales and auctions, returning operating profit, ordinary profit and net income to profitability in the first quarter. - FY2021AdvancedAnnual report
「Meanwhile, while working to control expenses, 株式会社コメ兵 strengthened communication with customers by renovating its e-commerce site to promote use of its online store in response to new lifestyles and by establishing a contact center. It also actively conducted purchasing events to secure merchandise under the concept of “purchasing at the usual place where customers feel safe.”」
To restore earnings power, the Group controlled expenses, revamped its e-commerce site, established a contact center and conducted purchasing events, bringing full-year operating profit back to ¥590 million. Net loss, however, continued. - FY2021-Q3AdvancedAnnual report
「As a result, for the nine months ended the third quarter of the current fiscal year, revenue was ¥35,951 million, down 15.9% year on year; operating profit was ¥61 million, down 87.0%; ordinary loss was ¥70 million, compared with ordinary profit of ¥335 million in the same period of the previous year; and net loss attributable to owners of the parent was ¥666 million, compared with net income attributable to owners of the parent of ¥163 million.」
The return from an operating loss in the previous cumulative quarter to operating profit of ¥61 million indicates progress in restoring earnings power. However, revenue declined, and an ordinary loss and a quarterly net loss attributable to owners of the parent were recorded. - FY2021-Q2WorsenedAnnual report
「As a result, for the six months ended the second quarter of the current fiscal year, revenue was ¥20,819 million, down 24.9% year on year; operating loss was ¥956 million, compared with operating profit of ¥317 million in the same period of the previous year; ordinary loss was ¥1,044 million, compared with ordinary profit of ¥291 million; and net loss attributable to owners of the parent was ¥1,379 million, compared with net income attributable to owners of the parent of ¥185 million.」
While the Group continued to pursue a recovery in earnings power, revenue declined in the six months ended 30 September, and operating profit and lower-line earnings turned from profits in the same period of the previous year into losses. - FY2021-Q1WorsenedAnnual report
「As a result, for the first three months of the current fiscal year, revenue was ¥7,861 million, down 36.8% year on year; operating loss was ¥860 million, compared with operating profit of ¥92 million in the same period of the previous year; ordinary loss was ¥937 million, compared with ordinary profit of ¥81 million; and net loss attributable to owners of the parent was ¥1,229 million, compared with net income attributable to owners of the parent of ¥49 million.」
While initiatives to restore earnings power continued, the first quarter saw a substantial decline in revenue due to the impact of COVID-19, and operating profit and lower-line earnings turned from profits into losses. - FY2020WorsenedAnnual report
「Operating profit was ¥1,031 million, or 77.6%, below plan, as selling expenses, personnel expenses and other costs increased by more than the earnings contribution from higher net sales. Net loss attributable to owners of the parent was ¥234 million, owing mainly to higher non-operating expenses, compared with planned net income attributable to owners of the parent of ¥727 million.」
Although the Group advanced GMV expansion, strengthened purchasing and reinforced its corporate business, operating profit was 77.6% below plan, while net income turned from the planned profit into a loss of ¥234 million. - FY2020-Q3Higher sales, lower profit continuesAnnual report
「Amid these conditions, the Group pursued a management strategy aimed at strengthening medium- to long-term earnings power by expanding gross merchandise value (GMV), while strengthening purchasing through new store openings and purchasing events and strengthening its corporate business through auctions and other initiatives. As a result, for the nine months ended 31 December, net sales were ¥42,728 million, up 14.1% year on year; operating profit was ¥477 million, down 66.1%; ordinary profit was ¥335 million, down 76.0%; and net income attributable to owners of the parent was ¥163 million, down 82.1%.」
Although the Group worked to expand GMV, strengthen purchasing and reinforce its corporate business, revenue increased in the nine months ended 31 December while operating profit and lower-line earnings fell below the previous year's levels. - FY2020-Q2Continued shift to higher revenue and lower earningsAnnual report
「Amid these conditions, the Group pursued a management strategy aimed at strengthening medium- to long-term earnings power by expanding gross merchandise value (GMV), while strengthening purchasing through new store openings and purchasing events and strengthening its corporate business through auctions and other initiatives. As a result, for the six months ended 30 September, net sales were ¥27,728 million, up 18.9% year on year; operating profit was ¥317 million, down 35.1%; ordinary profit was ¥291 million, down 41.5%; and net income attributable to owners of the parent was ¥185 million, down 42.1%.」
Although the Group worked to expand GMV, strengthen purchasing and reinforce its corporate business, net sales increased in the six months ended 30 September while operating profit and lower-line earnings fell below the previous year's levels. - FY2020-Q1Shift to higher revenue and lower earnings in the first quarterAnnual report
「Amid these conditions, the Group pursued a management strategy aimed at strengthening medium- to long-term earnings power by expanding gross merchandise value (GMV), while strengthening purchasing through new store openings and purchasing events and strengthening its corporate business through auctions and other initiatives. As a result, for the three months ended 30 June, net sales were ¥12,439 million, up 10.4% year on year; operating profit was ¥92 million, down 71.9%; ordinary profit was ¥81 million, down 74.9%; and net income attributable to owners of the parent was ¥49 million, down 76.4%.」
Although the Group worked to expand GMV, strengthen purchasing and reinforce its corporate business, revenue increased in the first quarter while operating profit and lower-line earnings declined, indicating that progress in restoring earnings power took the form of higher revenue but lower earnings. - FY2019Higher full-year revenue and earnings, but lower net incomeAnnual report
「Amid these conditions, the Group worked to strengthen purchasing through its reuse business and expand its auction business for corporate clients as a means of strengthening its distribution channels. As a result, for the fiscal year, net sales were ¥50,960 million, up 12.0% year on year; operating profit was ¥1,860 million, up 14.4%; ordinary profit was ¥1,826 million, up 13.4%; and net income attributable to owners of the parent was ¥1,009 million, down 6.0%.」
Strengthening purchasing and expanding auctions for corporate clients increased full-year net sales, operating profit and ordinary profit, while net income attributable to owners of the parent declined. - FY2019-Q3Shift to higher revenue and lower profitAnnual report
「Amid these conditions, the Group worked to strengthen purchasing through its reuse business and expand its auction business for dealers as a means of strengthening its distribution channels. As a result, for the nine months ended 31 December, net sales were ¥37,457 million, up 10.4% year on year; operating profit was ¥1,409 million, down 3.6%; ordinary profit was ¥1,400 million, down 4.9%; and net income attributable to owners of the parent was ¥913 million, down 5.2%.」
The Group strengthened purchasing and expanded its dealer auction business, but while revenue increased in the nine months ended 31 December, operating profit and lower-line earnings declined year on year. - FY2019-Q2AdvancedAnnual report
「To restore and strengthen its earnings power, the Group sought to strengthen purchasing and sales at existing stores, particularly the Umeda and Meieki stores opened last year, while expanding its auction business for dealers. As a result, for the six months ended 30 September, net sales were ¥23,323 million, up 12.3% year on year; operating profit was ¥489 million, up 6.1%; ordinary profit was ¥498 million, up 5.4%; and net income attributable to owners of the parent was ¥321 million, up 8.8%.」
The Group strengthened purchasing and sales at existing stores and expanded its dealer auction business, resulting in higher revenue and earnings in the first half, including a 12.3% increase in net sales and a 6.1% increase in operating profit. - FY2019-Q1AdvancedAnnual report
「As a result, for the first three months of the current fiscal year, revenue was ¥11,271 million, up 14.4% year on year; operating profit was ¥329 million, up 90.3%; ordinary profit was ¥326 million, up 76.2%; and net income attributable to owners of the parent was ¥211 million, up 110.4%.」
Following the shift toward restoring and strengthening earnings power, revenue and earnings also increased in the quarter, with operating profit up 90.3% year on year and net income attributable to owners of the parent up 110.4%. - FY2018AdvancedAnnual report
「For the current fiscal year, revenue was ¥45,497 million, up 13.4% year on year; operating profit was ¥1,625 million, up 95.3%; ordinary profit was ¥1,610 million, up 97.5%; and net income attributable to owners of the parent was ¥1,073 million, up 201.8%.」
Following the shift from “expansion and growth” to “strengthening earnings power,” the Group achieved higher full-year revenue and earnings, indicating quantitative progress toward an early recovery in performance. - FY2018-Q3AdvancedAnnual report
「As a result, for the nine months ended the third quarter of the current fiscal year, revenue was ¥33,916 million, up 13.0% year on year; operating profit was ¥1,461 million, up 184.2%; ordinary profit was ¥1,472 million, up 194.8%; and net income attributable to owners of the parent was ¥963 million, compared with ¥80 million in the same period of the previous year.」
In line with the shift toward restoring and strengthening earnings power, revenue and earnings increased in the nine months ended 31 December, with operating profit up 184.2% year on year. - FY2018-Q2AdvancedAnnual report
「To restore and strengthen its earnings power, the Group opened large-format stores in front of Nagoya Station and at Shinjuku East Exit in May, following the opening of a large-format store in Osaka Umeda in February 2017. It also implemented various initiatives to promote sales and purchases using the web, mass media and other channels in connection with store openings and sales campaigns, while working to improve its gross profit margin by strengthening inventory controls. As a result, for the six months ended 30 September, net sales were ¥20,763 million, up 9.5% year on year, and operating profit was ¥461 million, compared with an operating loss of ¥67 million in the same period of the previous year.」
In line with the shift toward restoring and strengthening earnings power, the Group continued opening large-format stores, promoting sales and purchases, and strengthening inventory controls, resulting in higher first-half revenue and a return to operating profitability. - FY2018-Q1AdvancedAnnual report
「With the aim of restoring and strengthening profitability, the company opened large-format stores near Osaka-Umeda in February Heisei 29, followed by stores near Nagoya Station and at Shinjuku East Exit in May. It also implemented various sales and purchasing promotion initiatives using the web, mass media and other channels in connection with store openings and sales, while working to improve its gross profit margin through stronger inventory control.」
In line with the shift from expansion-driven growth to stronger profitability, the company opened large-format stores, promoted sales and purchasing, and strengthened inventory control, achieving higher revenue and a return to profitability in the quarter. - FY2017First statedAnnual report
「Against this backdrop, the Group plans to shift its management strategy from its previous focus on expansion-driven growth to strengthening profitability, with the aim of achieving an early recovery in performance with an emphasis on earnings.」
The company has explicitly stated that it will shift its management strategy from its previous focus on expansion-driven growth to strengthening profitability and achieving an early recovery in performance, with an emphasis on earnings.