Low profit margin in the import wholesale segment
First written in FY2019-Q3. 1 of 3 entries say "Worsened", first in FY2019. Latest entry: FY2020.
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- FY2020DroppedAnnual report
「In the fresh-flower wholesale business, the Company is seeking to further strengthen its competitiveness as a group, in addition to the operational efficiency measures already being pursued at its wholly owned subsidiary My Success Co., Ltd. During the period, however, market prices generally trended downward year on year through the first half of the second quarter, affecting selling prices. From the third quarter onward, domestic demand weakened significantly due to restraint on domestic events and smaller funeral services resulting from the spread of COVID-19.」
The weak profitability in the import wholesale division cited in the previous fiscal year was not separately mentioned in the current year, with the explanation instead focusing on weak demand caused by falling market prices and the spread of COVID-19. - FY2019WorsenedAnnual report
「As profitability in the import wholesale division remained weak during the latter half of the second quarter, operating profit was ¥19.627 million, down 19.1% year on year.」
Weak profitability in the import wholesale division also became a factor behind the year-on-year decline in operating profit for the full year. - FY2019-Q3First statedAnnual report
「As profitability in the import wholesale division remained weak during the latter half of the second quarter, operating profit was ¥15.924 million, down 34.6% year on year.」
In the fresh-flower wholesale business, weak profitability in the import wholesale division has newly emerged as a specific factor behind the year-on-year decline in operating profit.