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Honeys Holdings (2792) · InitiativeWorsened

Setting Appropriate Prices and Absorbing Costs Through Product Turnover

First written in FY2016. 11 of 26 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-09-29.

26entries
11years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017 – FY2021-Q3AdvancedFY2021 – FY2023-Q1WorsenedFY2024 – 2026-09-292016: 12017: 220172018: 120182019: 020192020: 220202021: 420212022: 420222023: 320232024: 320242025: 120252026: 52026
Same theme, other companies
Improving gross margin through appropriate pricing and restraint in price cutsA theme 52 companies write about · 5 as a headwind · 48 as a tailwind

Honeys Holdings moved to the "Worse" side of this theme in 2025, the same year as the typical company in this theme.

The whole theme swung hardest in 2025: 5 of 36 companies on the "Worse" side.

3 other companies' latest entry also says "Worsened".

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 52 companies compared. The sentences above are computed from all 52.
Full recordFilings, disclosures and news, newest first
  1. 2026-09-29WorsenedEarnings

    「季節商品の上代価格を据え置いたことや、円安の影響を受けて仕入原価が上昇したことなどにより、売上総利益率は58.9%(前年同期比0.7ポイント減)となりました。」

    価格据え置きと円安による仕入原価上昇により、売上総利益率が前年同期から低下した。
  2. FY2026WorsenedAnnual report

    「In terms of earnings, we maintained a production system utilizing our Myanmar subsidiary and a high ASEAN production ratio, achieving a stable supply of products. However, in addition to reviewing prices to make them more affordable, we were affected by higher procurement costs resulting from the weaker yen, and the increased proportion of discounted sales also contributed to gross profit margin declining to 58.9%, down 0.3 percentage points year on year.」

    While reviewing prices toward more affordable levels and maintaining its production structure, the company saw its gross margin decline to 58.9% due to higher procurement costs caused by yen depreciation and an increase in promotional sales, indicating deterioration in its ability to absorb costs.
  3. FY2025-H1WorsenedAnnual report

    「In terms of profitability, in addition to continued growth in the e-commerce business, the company periodically reviewed prices, managed product launches and inventories appropriately, and worked to promote full-price sell-through and limit markdowns. It also maintained a high proportion of ASEAN production and made effective use of production at its Myanmar subsidiary to ensure a stable supply of products. However, efforts to promote quick-turn production in China and sell-through of all-season products resulted in a gross margin of 58.8%, down 2.6 percentage points year on year.」

    While advancing price reviews, product launches, inventory management, markdown suppression, and the use of production bases, the company promoted quick-turn production in China and sell-through of all-season products, resulting in a gross margin of 58.8%, down 2.6 percentage points year on year.
  4. FY2024WorsenedAnnual report

    「As a result, sales increased and the company maintained its gross margin at a high level, but operating profit declined because procurement costs rose due to the continued depreciation of the yen and other factors.」

    While reviewing prices toward appropriate levels and implementing timely product launches, inventory controls, and markdown suppression, the company reported that operating profit declined due to higher procurement costs caused by yen depreciation and other factors, indicating deterioration in its ability to absorb costs.
  5. FY2024-Q3AdvancedAnnual report

    「In terms of profitability, in addition to continued growth in the e-commerce business, the company worked to promote full-price sell-through and limit markdowns through timely and appropriate product launches and inventory controls. It also worked to ensure a stable supply of products by maintaining a high proportion of ASEAN production and improving production efficiency at its Myanmar subsidiary. As a result, it secured a gross margin of 60.0%, up 0.9 percentage points year on year.」

    The company advanced e-commerce growth, timely and appropriate product launches, inventory controls, markdown suppression, ASEAN production, and improved production efficiency in Myanmar, improving its gross margin to 60.0%, up 0.9 percentage points year on year.
  6. FY2024-Q2AdvancedAnnual report

    「In terms of profitability, in addition to continued growth in the e-commerce business, the company worked to promote full-price sell-through and limit markdowns through timely and appropriate product launches and inventory controls. It also worked to ensure a stable supply of products by maintaining a high proportion of ASEAN production and improving production efficiency at its Myanmar subsidiary. As a result, it secured a gross margin of 61.4%, up 1.8 percentage points year on year.」

    The company advanced e-commerce growth, timely and appropriate product launches, inventory controls, markdown suppression, ASEAN production, and improved production efficiency in Myanmar, improving its gross margin to 61.4%, up 1.8 percentage points year on year.
  7. FY2024-Q1AdvancedAnnual report

    「In terms of profitability, in addition to continued growth in the e-commerce business, the company worked to promote full-price sell-through and limit markdowns through timely and appropriate product launches and inventory controls. It also worked to ensure a stable supply of products by maintaining a high proportion of ASEAN production and improving production efficiency at its Myanmar subsidiary. As a result, it secured a gross margin of 62.4%, up 3.4 percentage points year on year. Forward exchange contracts to reduce currency fluctuation risk also helped maintain the margin.」

    The company combined timely product launches, inventory controls, markdown suppression, ASEAN production, and improved production efficiency in Myanmar, improving its gross margin to 62.4%, up 3.4 percentage points year on year.
  8. FY2023AdvancedAnnual report

    「The company promoted full-price sell-through and limited markdowns under appropriate inventory controls, working to reduce missed sales opportunities through product launches aligned with demand. It also worked to ensure a stable supply of products by leveraging its high proportion of ASEAN production and improving production efficiency at its Myanmar subsidiary. Following a review of the prices of some products in pursuit of appropriate pricing, it secured a gross margin of 60.9%, up 0.6 percentage points year on year.」

    The company combined inventory controls, markdown suppression, product launches aligned with demand, ASEAN production, improved production efficiency in Myanmar, and price reviews, improving its gross margin to 60.9%.
  9. FY2023-Q2RestatedAnnual report

    「In terms of profitability, in addition to growth in the e-commerce business, the company worked to improve the accuracy of full-price sell-through and reduce missed sales opportunities through timely product launches, while limiting markdowns. It also maintained a high proportion of ASEAN production and increased the proportion of production in Myanmar, enabling a stable supply of products. As a result, it secured a gross margin of 59.6%, unchanged from the same period of the previous year. Forward exchange contracts to reduce currency fluctuation risk also helped maintain the margin.」

    The company combined timely product launches, markdown controls, ASEAN and Myanmar production, and forward exchange contracts, maintaining its gross margin at 59.6%, the same level as in the previous year.
  10. FY2023-Q1AdvancedAnnual report

    「In terms of profitability, in addition to growth in the e-commerce business, the company worked to improve the accuracy of full-price sell-through and reduce missed sales opportunities through timely product launches, while limiting markdowns. It also maintained a high proportion of ASEAN production and increased the proportion of production in Myanmar, enabling a stable supply of products. As a result, it secured a gross margin of 59.0%, up 0.4 percentage points year on year. Forward exchange contracts to reduce currency fluctuation risk also helped maintain the margin.」

    The company combined markdown controls, timely product launches, ASEAN production, a higher proportion of Myanmar production, and forward exchange contracts, securing a gross margin of 59.0%, up 0.4 percentage points year on year.
  11. FY2022AdvancedAnnual report

    「In terms of profitability, in addition to growth in the e-commerce business, the company worked to reduce procurement costs through ASEAN production, limit markdown sales, improve the accuracy of full-price sell-through through timely product launches, and reduce missed sales opportunities. As a result, it secured a gross margin of 60.3%, up 1.2 percentage points year on year.」

    The company advanced ASEAN production, limited markdowns, launched products at the appropriate time, and reduced missed sales opportunities, securing a gross margin of 60.3% for the fiscal year.
  12. FY2022-Q3AdvancedAnnual report

    「In terms of profitability, in addition to growth in the e-commerce business, the company worked to reduce procurement costs, limit markdown sales, and reduce missed sales opportunities through timely product launches. As a result, it secured a gross margin of 59.0%, up 0.9 percentage points year on year. Forward exchange contracts to reduce currency fluctuation risk also helped maintain the margin.」

    The company advanced growth in its e-commerce business, procurement cost reductions, the suppression of markdown sales, timely product launches, and the use of forward exchange contracts, securing a gross margin of 59.0%, up 0.9 percentage points year on year.
  13. FY2022-Q2AdvancedAnnual report

    「In terms of profitability, the company benefited from lower procurement costs through ASEAN production and the hedging effect of forward exchange contracts on currency fluctuation risk. It also worked to limit markdown sales and reduce missed sales opportunities through timely product launches, securing a high gross margin of 59.6%, up 0.6 percentage points year on year.」

    The company advanced ASEAN production, the use of forward exchange contracts, the suppression of markdown sales, and timely product launches, securing a gross margin of 59.6%, up 0.6 percentage points year on year.
  14. FY2022-Q1AdvancedAnnual report

    「In terms of profitability, the company worked to reduce procurement costs through a shift to ASEAN sourcing and other measures, maintained merchandise inventories at appropriate levels through purchasing controls, and improved inventory turnover through timely product launches. Together with the effect of limiting markdown sales, these efforts enabled the company to maintain its gross margin at a high level of 58.6%, up 1.2 percentage points year on year.」

    The company advanced its shift to ASEAN sourcing, purchasing controls, timely product launches, and the reduction of markdown sales, securing a gross margin of 58.6%, up 1.2 percentage points year on year.
  15. FY2021AdvancedAnnual report

    「In terms of profitability, the company worked to reduce procurement costs through a shift to ASEAN sourcing and other measures, maintaining its gross margin at a high level of 59.1%, up 0.8 percentage points year on year. Selling, general and administrative expenses were ¥23.064 billion, up 2.9% year on year, while the SG&A ratio was 50.8%, down 1.9 percentage points year on year.」

    The company advanced procurement cost reductions, negotiations for rent reductions and other exemptions, and the conversion to LED lighting, lowering the SG&A ratio to 50.8%.
  16. FY2021-Q3RestatedAnnual report

    「The company also worked to reduce merchandise inventories to appropriate levels and cut selling, general and administrative expenses through purchase adjustments, timely markdowns, and other measures.」

    The company continues to reduce inventories to appropriate levels and cut selling, general and administrative expenses through purchase adjustments and timely markdowns.
  17. FY2021-Q2RestatedAnnual report

    「The company also worked to reduce merchandise inventories to appropriate levels through purchase adjustments and other measures, and to cut selling, general and administrative expenses.」

    The company continues to reduce inventories to appropriate levels through purchase adjustments and to cut selling, general and administrative expenses as part of its inventory and cost management initiatives.
  18. FY2021-Q1RestatedAnnual report

    「The company also worked to reduce merchandise inventories through purchase adjustments and other measures, and to cut expenses.」

    The company is implementing merchandise inventory reductions through purchase adjustments and other measures as part of its inventory and cost management initiatives.
  19. FY2020RestatedAnnual report

    「The company will work to offer prices acceptable to customers by offsetting increases in raw material prices and labor costs through efficient inventory turnover.」

    The company continues its policy of absorbing increases in raw material prices and labor costs through efficient inventory turnover while pursuing appropriate pricing.
  20. FY2018RestatedAnnual report

    「The company will work to offer prices acceptable to customers by offsetting increases in raw material prices and labor costs through efficient inventory turnover.」

    The company has reiterated its policy of absorbing increases in raw material prices and labor costs through more efficient inventory turnover while pursuing appropriate pricing.
  21. FY2017RestatedAnnual report

    「The company will work to offer prices acceptable to customers by offsetting increases in raw material prices and labor costs through efficient inventory turnover.」

    The company has reiterated its policy of absorbing increases in raw material prices and labor costs through more efficient inventory turnover while pursuing appropriate pricing.
  22. FY2017-Q2AdvancedAnnual report

    「Sales exceeded the previous year because a review of product unit prices increased customer numbers.」

    The company explains that its review of product unit prices led to an increase in customer numbers and sales exceeding the previous year.
  23. FY2016First statedAnnual report

    「The company will work to offer prices acceptable to customers by offsetting increases in raw material prices and labor costs through efficient inventory turnover.」

    The company combines more efficient inventory turnover with appropriate pricing in response to rising raw material prices and labor costs.
Moved together

"Gross Margin Improvement and Expense Reduction" moved the same way as this thread, in the same document, in 14 of its 26 moves.

1410101077★123456
  1. ★This thread
  2. 1Gross Margin Improvement and Expense Reduction14×
  3. 2Store Scrap-and-Build, New Openings and Renovations10×
  4. 3Company-wide revenue decline and decrease in operating profit10×
  5. 4Stable earnings base with an operating margin of 5% or more10×
  6. 5Integration of Physical Stores and Online Shops7×
  7. 6Foreign-exchange fluctuations and derivative valuation losses7×

★ 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
No upcoming earnings preview for Honeys Holdings yet. It last moved in the Earnings of 2026-09-29: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Setting Appropriate Prices and Absorbing Costs Through Product Turnover | HONEYS HOLDINGS CO.,LTD. (2792) | Komori