Strategic Inventory Buildup in Anticipation of Increased Demand Before a Consumption Tax Increase
First written in FY2020-Q2. 7 of 10 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2025: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The main factors were a ¥1.0 billion increase in marketable securities following the acquisition of jointly managed designated money trusts with short maturities, taking advantage of higher market interest rates, and a ¥548 million increase in merchandise and finished goods as the company strategically expanded its inventory to support sales growth for high-performance, high-priced original products.」
The company strategically expanded its inventory to support sales growth for high-performance, high-priced original products, resulting in a ¥548 million increase in merchandise and finished goods. - FY2023AdvancedAnnual report
「The main factors were a ¥603 million increase in accounts receivable due to the expansion of services provided at stores, and a ¥229 million increase in merchandise and finished goods due to strategic increases in product procurement at the end of the fiscal year.」
The company strategically procured products in preparation for demand at the end of the fiscal year, resulting in a ¥229 million increase in merchandise and finished goods. - FY2023-Q3AdvancedAnnual report
「Total assets at the end of the third quarter of the fiscal year under review increased by ¥249 million from the end of the previous fiscal year to ¥16.339 billion. This was mainly because inventories increased by ¥928 million as a result of strategic product procurement for the start of the year.」
The company strategically procured products for demand at the start of the year, resulting in a ¥928 million increase in inventories from the end of the previous fiscal year. - FY2022-Q3AdvancedAnnual report
「Total liabilities increased by ¥270 million from the end of the previous fiscal year to ¥8.083 billion. This was mainly because notes and accounts payable increased by ¥910 million as a result of strategic procurement of raw materials and other measures leveraging the expanded floor space at the HPC and BTO production plant.」
The company strategically procured raw materials by leveraging the expanded floor space at the HPC and BTO production plant, resulting in a ¥910 million increase in notes and accounts payable. - FY2021RestatedAnnual report
「The main factor was an ¥868 million increase in cash and deposits as a result of strategically promoting operating cash flow management, including inventory reduction.」
The company continues its revised inventory management approach, shifting from strategic inventory build-up to operating cash flow management including inventory reduction. - FY2021-Q3AdvancedAnnual report
「Total assets as of the end of the third quarter of the current fiscal year increased by ¥1,223 million from the end of the previous consolidated fiscal year to ¥16,610 million. This was mainly because notes and accounts receivable increased by ¥326 million due to expanded mail-order sales and other factors, while inventories increased by ¥773 million due to strategic procurement of merchandise for the beginning of the year.」
The company strategically procured products for the start of the year, resulting in a ¥773 million increase in inventories from the end of the previous fiscal year. - FY2021-Q2AdvancedAnnual report
「Total assets at the end of the second quarter of the fiscal year under review increased by ¥613 million from the end of the previous fiscal year to ¥16.0 billion. This was mainly because cash and deposits increased by ¥446 million through the disposal of treasury shares and other measures, while merchandise and finished goods increased by ¥356 million as a result of strategic product procurement against a backdrop of solid mail-order sales.」
For inventory management, the company strategically procured products against a backdrop of solid mail-order sales, resulting in a ¥356 million increase in merchandise and finished goods. - FY2020ReframedAnnual report
「This was because cash and deposits increased by ¥192 million as a result of strategically promoting operating cash flow management, including shortening collection periods for notes and accounts receivable and reducing inventories.」
The explanation of inventory management changed from the strategic procurement of inventory for expected demand before the consumption tax increase and at the start of the year, as described in the previous filing, to operating cash flow management including inventory reduction in this filing. - FY2020-Q3AdvancedAnnual report
「This was mainly because cash and deposits decreased by ¥773 million as surplus funds were used to repay borrowings, while inventories increased by ¥474 million because products expected to sell in early January had to be secured in December to coincide with suppliers reopening after the New Year holiday.」
Regarding strategic inventory procurement, the company described the specific practice of securing in December products expected to sell in early January, timed to coincide with suppliers reopening after the New Year holiday, in addition to responding to demand before the consumption tax increase. Inventories increased by ¥474 million. - FY2020-Q2First statedAnnual report
「This was because inventories increased by ¥144 million as a result of strategically building up inventory in anticipation of higher demand before the consumption tax increase.」
The company described strategically securing inventory in anticipation of higher demand before the consumption tax increase as a new inventory management initiative.