Impact of a Major Customer’s Bankruptcy on the Bridal Floral Decoration Business
First written in FY2017. 4 of 7 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2020.
Beauty Kadan Holdings moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2018: 3 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2020DroppedAnnual report
「⑤ External environment surrounding the bridal floral decoration business」
The impact of the bankruptcy of a specific customer, which had been disclosed through the previous fiscal year, is not disclosed separately among the business risks for the current fiscal year. - FY2019WorsenedAnnual report
「Revenue from the bridal floral decoration business was ¥395.855 million, down 3.2% year on year. …Although measures were implemented to acquire new customers and expand the market area, further increase retail sales, and reduce and improve the efficiency of selling, general and administrative expenses, they were not sufficient to offset the aforementioned impact, and the business posted an operating loss of ¥2.051 million, compared with operating profit of ¥15.769 million in the same period of the previous year.」
The impact of the decline in sales following the customer bankruptcy continued, with revenue down 3.2% year on year and operating profit turning into an operating loss from the profit recorded in the same period of the previous year. - FY2018RestatedAnnual report
「Revenue from the bridal floral decoration business was ¥408.733 million, down 19.0% year on year, due to the impact of a customer bankruptcy in the previous fiscal year.」
The impact of a customer bankruptcy in the previous fiscal year continued throughout the full year, with revenue down 19.0% year on year and operating profit down 68.7%. - FY2018-Q3WorsenedAnnual report
「Revenue from the bridal floral decoration business was ¥252.706 million, down 26.5% year on year, due to the impact of a customer bankruptcy in the previous fiscal year. Although the market is trending smaller due to the declining birth rate, later marriages and the increase in couples who register their marriage without holding a wedding, commonly known as "no-wedding" marriages, it remains a sizable market, supported by growing demand for original ceremonies such as guest-house and restaurant weddings. Under these conditions, One Flower Co., Ltd., a consolidated subsidiary that operates the bridal floral decoration business, has been implementing measures to acquire new customers and expand its market area in the Tokyo, Kansai and Kyushu regions, further increase retail sales, and reduce and improve the efficiency of selling, general and administrative expenses. However, these measures have not been sufficient to offset the aforementioned impact, and the business posted an operating loss of ¥6.579 million, compared with operating profit of ¥31.648 million in the same period of the previous year.」
The impact of a customer bankruptcy in the previous fiscal year continued, and revenue fell 26.5% year on year. Measures including new customer acquisition were not sufficient to offset the impact, and the business moved from operating profit to an operating loss. - FY2018-Q2WorsenedAnnual report
「Revenue from the bridal floral decoration business was ¥177.563 million, down 28.5% year on year, due to the impact of a customer's bankruptcy in the previous fiscal year. Although the market is tending to shrink due to the declining birth rate, later marriages and the increase in marriage registrations without a wedding, sometimes referred to as “no-wedding” marriages, it remains a sizable market, supported by growing demand for original ceremonies such as guest-house and restaurant weddings. Under these conditions, One Flower Co., Ltd., a consolidated subsidiary that handles the bridal floral decoration business, implemented measures to acquire new customers and expand its trading area in the Tokyo, Kansai and Kyushu regions, further increase retail sales, and reduce and streamline selling, general and administrative expenses. However, these measures did not fully offset the effects described above, and operating profit was ¥502 thousand, down 98.5% year on year.」
The impact of a customer bankruptcy in the previous fiscal year continued, and the decline in revenue widened to 28.5% year on year. Although operating profit was secured, it fell 98.5% year on year, and the measures currently being implemented have not been sufficient to offset the impact. - FY2018-Q1WorsenedAnnual report
「Revenue from the bridal floral decoration business was ¥72.996 million, down 24.6% year on year, partly due to the impact of a customer's bankruptcy in the previous fiscal year. Although the market is tending to shrink due to the declining birth rate, later marriages and the increase in marriage registrations without a wedding, sometimes referred to as “no-wedding” marriages, it remains a sizable market, supported by growing demand for original ceremonies such as guest-house and restaurant weddings. Under these conditions, One Flower Co., Ltd., a consolidated subsidiary that handles the bridal floral decoration business, implemented measures to acquire new customers and expand its trading area in the Tokyo, Kansai and Kyushu regions, further increase retail sales, and reduce and streamline selling, general and administrative expenses. However, these measures did not fully offset the effects described above, and the operating loss was ¥11.643 million, compared with a profit of ¥380 thousand in the same period of the previous year.」
The impact of a customer's bankruptcy in the previous fiscal year continued, with revenue from the bridal floral decoration business down 24.6% year on year and operating results turning from a profit in the same period of the previous year to a loss. - FY2017First statedAnnual report
「One Flower Co., Ltd., a consolidated subsidiary that handles the bridal floral decoration business, implemented various sales initiatives to meet these diverse needs. However, partly due to the impact of lower revenue resulting from a customer's bankruptcy, operating profit was ¥50.297 million, down 15.0% year on year.」
The filing states that the impact of lower revenue resulting from a customer's bankruptcy actually occurred and that operating profit in the bridal floral decoration business declined 15.0% year on year.