Regional performance gap, with revenue growth in Japan and a sharp decline in China
First written in FY2017. 5 of 15 entries say "Worsened", first in FY2018-Q3. Latest entry: 2026-09-29.
Honeys Holdings moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Reframed".
- 2026-09-29ReframedEarnings
「当社グループは、「日本」の単一報告セグメントでしたが、報告セグメントに含まれない「その他」の区分であったミャンマー現地法人(Honeys Garment Industry Limited)の重要性が増したため、当第1四半期連結累計期間より報告セグメントとして記載しております。」
ミャンマー現地法人の重要性増加を受け、日本単一を前提とした開示から日本・ミャンマーの2報告セグメントへ再び整理した。 - FY2025-H1AdvancedAnnual report
「<Japan> Revenue in Japan was ¥29.488 billion, up 7.0% year on year, while operating profit was ¥3.374 billion, down 6.6%. <Myanmar> Revenue in Myanmar was ¥858 million, down 0.1% year on year, while operating profit was ¥12 million, compared with an operating loss of ¥129 million in the same period of the previous year.」
Japan posted higher revenue but lower operating profit. In Myanmar, revenue was broadly flat, while the business changed from an operating loss to operating profit of ¥12 million. The segment-level performance gap between Japan and Myanmar has been updated. - FY2022-Q3ReframedAnnual report
「<Japan> Revenue in Japan was ¥32.387 billion, up 0.2% year on year, while operating profit was ¥1.569 billion, down 2.5%. <Myanmar> Revenue in Myanmar was ¥1.056 billion, up 29.8% year on year, while operating profit was ¥194 million, compared with an operating loss of ¥112 million in the same period of the previous year.」
The business profile changed from the previous performance gap between Japan and China to a segment-level performance gap between Japan and Myanmar following the exit from China. Japan posted higher revenue but lower operating profit, while Myanmar posted higher revenue and operating profit. - FY2020RestatedAnnual report
「Net sales remained firm through the third quarter despite the stagnation in consumer sentiment caused by the consumption tax increase and the effects of the mild winter, but declined in the fourth quarter due to the closure of commercial facilities and other measures associated with the spread of COVID-19.」
Assuming a profile centered on a single Japanese business following the liquidation of the China business, the company is in a position where domestic business performance determines full-year consolidated performance. - FY2020-Q3ReframedAnnual report
「Revenue in Japan increased to ¥34.102 billion, up 0.4% year on year, despite a challenging environment that included unsettled weather such as a record-breaking warm winter, natural disasters and weaker consumer sentiment due to the consumption tax increase. The balance between price and quality won customer support, among other factors. Meanwhile, consolidated revenue declined year on year because the Chinese subsidiary, 好麗姿(上海)服飾商貿有限公司, ceased operations at the end of September 2018.」
Following the cessation of the China business, the performance profile centered on a single domestic business was reaffirmed, with higher revenue in Japan but lower consolidated revenue after the exit from China. - FY2020-Q2RestatedAnnual report
「Revenue in Japan increased to ¥24.169 billion, up 2.1% year on year, despite a challenging environment that included unsettled weather and natural disasters, as well as weaker consumer sentiment due to the consumption tax increase. The balance between price and quality won customer support, among other factors. Meanwhile, consolidated revenue declined year on year because the Chinese subsidiary, 好麗姿(上海)服飾商貿有限公司, ceased operations at the end of September 2018.」
Revenue in Japan increased on the strength of the balance between price and quality, while the China business had ceased operations, reaffirming a regional performance profile centered on a single domestic business. - FY2020-Q1ReframedAnnual report
「Revenue in Japan was higher despite July sales being roughly in line with the previous year due to unsettled weather, as the balance between price and quality won customer support, among other factors. Meanwhile, consolidated revenue declined year on year because the Chinese subsidiary, 好麗姿(上海)服飾商貿有限公司, ceased operations at the end of September 2018.」
Revenue in Japan increased on the strength of the balance between price and quality, while the China business had ceased operations, shifting the business profile from a comparison of regional performance in Japan and China to one centered on a single domestic business following the exit from China. - FY2019-Q3WorsenedAnnual report
「Revenue in Japan was ¥33.970 billion, up 4.1% year on year, while operating profit was ¥1.993 billion, up 80.8%. Revenue in China was ¥1.107 billion, down 77.5% year on year, while the operating loss was ¥360 million, compared with an operating loss of ¥736 million in the same period of the previous year.」
Japan posted higher revenue and operating profit, while revenue in China fell 77.5% due to store closures, making the regional performance gap even more pronounced. However, China's operating loss narrowed. - FY2019-Q2WorsenedAnnual report
「Revenue in Japan was ¥23.679 billion, up 1.7% year on year, while operating profit was ¥1.967 billion, up 16.5%. Revenue in China was ¥1.102 billion, down 67.2% year on year, while the operating loss was ¥277 million, compared with an operating loss of ¥435 million in the same period of the previous year.」
Japan posted higher revenue and operating profit, while revenue in China fell 67.2% due to store closures. However, China's operating loss narrowed. - FY2019-Q1WorsenedAnnual report
「Revenue in Japan was ¥11.015 billion, down 1.7% year on year, while operating profit was ¥292 million, down 40.4%. Revenue in China was ¥852 million, down 55.9% year on year, while the operating loss was ¥64 million, compared with an operating loss of ¥50 million in the same period of the previous year.」
Japan also posted lower revenue and operating profit, while the decline in revenue and the operating loss in China both widened, further underscoring the severity of the regional performance gap. - FY2018WorsenedAnnual report
「Revenue in Japan was ¥46.377 billion, up 0.9% from the previous fiscal year, while operating profit was ¥3.684 billion, up 29.4%. Revenue in China was ¥6.064 billion, down 29.4% from the previous fiscal year, while the operating loss was ¥1.011 billion, compared with an operating loss of ¥541 million in the same period of the previous year.」
Japan posted higher revenue and operating profit, while the decline in revenue and the operating loss in China both widened, making the regional performance gap even more pronounced. - FY2018-Q3WorsenedAnnual report
「Revenue in Japan was ¥32.620 billion, up 0.7% year on year, while operating profit was ¥1.102 billion, up 36.4%. Revenue in China was ¥4.916 billion, down 26.1% year on year, while the operating loss was ¥736 million, compared with an operating loss of ¥328 million in the same period of the previous year.」
Japan posted higher revenue and operating profit, while the decline in revenue and the operating loss in China both widened, making the performance gap between Japan and China even more pronounced. - FY2018-Q2RestatedAnnual report
「Revenue in Japan was ¥23.277 billion, up 3.5% year on year, while operating profit was ¥1.688 billion, up 4.1%. The balance between quality and price won customer support, increasing customer numbers and lifting revenue above the previous year. Operating profit also increased because the company maintained a high gross profit margin, helped by the shift to ASEAN production and other factors. Revenue in China was ¥3.364 billion, down 24.9% year on year, while the operating loss was ¥435 million, compared with an operating loss of ¥207 million in the same period of the previous year.」
Japan posted higher revenue and operating profit as the balance between quality and price supported an increase in customer numbers, while China continued to experience declining revenue and a widening operating loss, reaffirming the regional performance gap. - FY2018-Q1RestatedAnnual report
「Revenue in Japan was ¥11.207 billion, up 4.7% year on year, while operating profit was ¥490 million, up 12.9%. Revenue at existing stores exceeded the previous year as customer numbers increased, resulting in higher revenue and operating profit. Revenue in China was ¥1.931 billion, down 23.3% year on year, while the operating loss was ¥50 million, compared with an operating loss of ¥25 million in the same period of the previous year.」
Japan recorded higher revenue and operating profit as customer numbers increased, while China continued to experience declining revenue and a widening operating loss, reaffirming the regional performance gap. - FY2017First statedAnnual report
「Revenue in Japan was ¥45.945 billion, up 1.7% from the previous fiscal year, while operating profit was ¥2.848 billion, down 15.4%. Revenue in China was ¥8.584 billion, down 34.3% from the previous fiscal year, while the operating loss was ¥541 million, compared with an operating loss of ¥629 million in the same period of the previous year.」
Japan posted higher revenue as customer numbers increased, but operating profit declined due to investments in fixtures and other factors. In China, revenue fell substantially and the operating loss continued, demonstrating the regional performance gap.