Accelerating the Sell-Through of Prior-Year and Excess Inventory
First written in FY2018. 12 of 26 entries say "Advanced", first in FY2019-Q2. Latest entry: 2026-10-14.
The whole theme swung hardest in 2026: 7 of 56 companies on the "Worse" side.
40 other companies' latest entry also says "Advanced".
- 2026-10-14AdvancedInvestor presentation
「滞留在庫は90日未満を管理指標とする。」
過年度・余剰在庫の消化促進に、滞留在庫を90日未満とする具体的な管理指標が加わった。 - FY2027-H1Increase in inventories due to working capital requirements for the new businessAnnual report
「As a result of operating activities, funds decreased by ¥1,270 million, compared with a decrease of ¥205 million in the previous interim consolidated accounting period. This was primarily due to decreases in funds resulting from the recording of an interim loss before taxes and other adjustments of ¥101 million, an ¥882 million increase in trade receivables, a ¥319 million increase in inventories, a ¥1,960 million increase in advances paid and a ¥635 million decrease in deposits received, despite a ¥2,419 million increase in trade payables and a ¥364 million decrease in other receivables.」
Compared with the previous trend of inventory reduction, operating cash outflows expanded during the current interim period due to increases of ¥319 million in inventories and ¥1,960 million in advances paid, among other items. - FY2025AdvancedAnnual report
「Merchandise 807,151 767,218」
The consolidated merchandise balance decreased from ¥807.151 million at the end of the previous consolidated fiscal year to ¥767.218 million, providing a quantitative indication of annual inventory reduction. - FY2025-H1AdvancedAnnual report
「Merchandise 807,151 790,340」
The merchandise balance decreased from ¥807.151 million at the end of the previous consolidated fiscal year to ¥790.340 million at the end of the current interim consolidated accounting period, providing a quantitative indication of improved inventory efficiency. - FY2024AdvancedAnnual report
「Merchandise 954,104 807,151」
The consolidated merchandise balance decreased by ¥146.953 million, from ¥954.104 million at the end of the previous consolidated fiscal year to ¥807.151 million, indicating progress in annual inventory reduction. - FY2024-Q3Increase in consolidated merchandise balanceAnnual report
「This was primarily due to increases of ¥162 million in accounts receivable and ¥104 million in merchandise, among other items, and decreases of ¥169 million in cash and deposits, ¥34 million in other current assets, ¥14 million in goodwill, and ¥68 million in leasehold and guarantee deposits, among other items.」
Although the company is improving purchasing accuracy and restraining purchases, the merchandise balance has increased by ¥104 million from the end of the previous consolidated fiscal year. - FY2024-Q2AdvancedAnnual report
「チチカカ, whose principal business is the sale of ethnic casual apparel and accessories at suburban shopping centers and malls, improved inventory efficiency by narrowing purchases of new products to move away from high-volume purchasing and high-volume sales. This was primarily due to increases of ¥24 million in accounts receivable, among other items, and decreases of ¥10 million in cash and deposits, ¥127 million in merchandise, and ¥40 million in leasehold and guarantee deposits, among other items.」
At チチカカ, purchases of new products were narrowed, and the merchandise balance decreased by ¥127 million from the end of the previous consolidated fiscal year. The inventory reduction is also reflected in cash flow. - FY2024-Q1Increase in quarterly merchandise balanceAnnual report
「This was primarily due to increases of ¥121 million in accounts receivable and ¥105 million in merchandise, among other items, and a ¥56 million decrease in cash and deposits, among other factors.」
Although the company is restraining purchases of new merchandise, the merchandise balance has increased by ¥105 million from the end of the previous consolidated fiscal year. - FY2023Increase in consolidated merchandise at fiscal year-endAnnual report
「Merchandise 546,952 954,104」
The merchandise balance, including the effect of the expanded scope of consolidation, increased from ¥546.952 million at the end of the previous consolidated fiscal year to ¥954.104 million. While each business is pursuing inventory efficiency, the consolidated balance increased at fiscal year-end. - FY2023-Q3Further increase in merchandise after consolidationAnnual report
「This was mainly due to increases in accounts receivable of ¥257 million, merchandise and finished goods of ¥866 million, goodwill of ¥81 million, and leasehold and guarantee deposits of ¥190 million, among other factors, together with a ¥309 million decrease in cash and deposits.」
Merchandise and products increased by ¥866 million from the end of the previous consolidated fiscal year, bringing the balance at the end of the quarter to ¥1,413.170 million. While each business is advancing launch and inventory controls, the consolidated merchandise balance has increased further from the previous quarter’s disclosure. - FY2023-Q2Increase in merchandise after consolidationAnnual report
「This was primarily due to increases of ¥139 million in accounts receivable, ¥484 million in merchandise and products, ¥86 million in goodwill, and ¥222 million in leasehold and guarantee deposits, among other items, and a ¥139 million decrease in cash and deposits.」
Following the expansion of the scope of consolidation, merchandise and products increased by ¥484 million from the end of the previous consolidated fiscal year. Although each business is pursuing inventory efficiency through purchase and launch controls, the consolidated balance has increased. - FY2023-Q1AdvancedAnnual report
「We sought to minimize inventory through the expansion of high-margin original-brand products, targeted merchandise introductions, and precise order control.」
Inventory reduction has been incorporated into the existing business’s profitability strategy as inventory minimization through narrower product selection and precise order controls. - FY2022AdvancedAnnual report
「In merchandise, in response to the decline in customer numbers caused by the COVID-19 pandemic, we restrained purchases by reducing the quantity per product number while maintaining the assortment for regular customers. We also restrained the launch of heavy clothing such as coats with short selling periods and focused on products such as jackets that can be sold over longer periods. This was primarily due to an increase in funds from pretax net income of ¥189 million, ¥2 million in funds from retained earnings through depreciation and other items, ¥58 million in funds from impairment losses, a ¥77 million decrease in trade receivables and a ¥96 million decrease in inventories, among other factors, and a decrease in funds from a ¥397 million gain on bargain purchase, a ¥31 million decrease in trade payables and other factors.」
The company restrained quantities by product, limited the launch of heavy clothing and launched products intended for longer selling periods; cash flow reflects a ¥96 million decrease in inventories. - FY2022-Q3ReframedAnnual report
「In view of the declining number of customers, we restrained purchases by reducing the depth of inventory for each product while maintaining assortment breadth, preserving customers' purchasing opportunities and improving inventory efficiency.」
The wording has changed from operations centered on disposing of prior-year and excess inventory to inventory-efficiency measures that restrain purchasing by reducing product depth while maintaining purchasing opportunities. - FY2022-Q2MitigatedAnnual report
「In merchandise, we improved purchasing and inventory efficiency by expanding the launch of original character products for which a certain level of demand is expected, promoting advance sales to regular customers, and conducting sale campaigns focused on past-season branded products. This was primarily due to an increase in funds from pretax quarterly net income of ¥210 million, decreases of ¥35 million in trade receivables and ¥29 million in inventories, among other factors, and a decrease in funds from a ¥397 million gain on bargain purchase, a ¥12 million decrease in trade payables and other factors.」
Inventory efficiency continued to improve through sales of past-season products, advance sales and restrained purchasing, with inventories decreasing by ¥29 million in cash-flow terms. - FY2022-Q1AdvancedAnnual report
「At certain stores, we introduced past inventory that had not previously been offered as sale merchandise, seeking to attract new customers and promote inventory sell-through.」
The drive to sell prior-year and excess inventory is progressing at スピックインターナショナル through the concrete initiative of offering past inventory as sale merchandise at certain stores. - FY2021MitigatedAnnual report
「We reviewed the merchandise mix, strengthening the assortment of brand and character products supported by regular customers who visit frequently, while controlling the introduction of casual apparel and fashion accessories that depend on the customer-attraction capabilities of commercial facilities, thereby improving purchasing and inventory efficiency.」
The merchandise balance changed from the renewed inventory increase through the previous quarter, decreasing by ¥62 million year on year to ¥432 million. Selective management, including strengthening or restraining purchases by product group, is also described. - FY2021-Q3Inventory increase resumesAnnual report
「We improved purchasing and inventory efficiency by strengthening purchases of product groups with a fixed fan base, such as branded and character merchandise, while controlling purchases according to conditions for product groups dependent on the ability of commercial facilities to attract customers, such as basic casual apparel and fashion accessories. This was primarily due to a ¥301 million decrease in cash and deposits, a ¥64 million increase in accounts receivable and a ¥116 million increase in merchandise.」
Although the company states that it selected and controlled purchases to improve inventory efficiency, the merchandise balance increased by ¥116 million from the end of the previous fiscal year, changing from the inventory decrease through the previous quarter. - FY2021-Q2MitigatedAnnual report
「In these circumstances, in response to the inability to anticipate company-wide sales growth, we worked to secure sales by taking defensive measures such as restraining merchandise purchases and implementing the measures described below. This was primarily due to a ¥214 million decrease in cash and deposits, a ¥26 million decrease in merchandise, a ¥7 million increase in other receivables, a ¥4 million increase in accounts receivable and a ¥35 million increase in advances paid.」
While operating defensively and restraining purchases, the merchandise balance decreased by ¥26 million from the end of the previous fiscal year, changing from the inventory increase seen in the previous quarter. - FY2021-Q1Inventory increase despite restrained purchasingAnnual report
「While taking defensive measures such as restraining merchandise purchases, we worked to secure sales by implementing the measures described below at operating stores and elsewhere. This was primarily due to a ¥383 million decrease in cash and deposits, a ¥92 million increase in merchandise, a ¥19 million increase in other receivables and a ¥53 million increase in advances paid, among other factors.」
Although the company restrained purchases and operated defensively, the merchandise balance increased by ¥92 million from the end of the previous fiscal year, indicating a change from the planned inventory reduction in the prior period. - FY2020AdvancedAnnual report
「We improved purchasing efficiency by carefully reviewing and narrowing the merchandise range, while reducing inventory by promoting planned sell-through. As a result, merchandise inventory at the end of the fiscal year was ¥494 million, down ¥101 million from the previous year.」
We narrowed the range of products purchased and implemented planned merchandise sell-through, reducing year-end inventory by ¥101 million from the previous year, to ¥494 million. - FY2020-Q3AdvancedAnnual report
「As its policy for the period, the Company made inventory reduction a key theme and worked to strengthen a leaner, more efficient corporate structure. The Company worked to reduce inventory by improving the accuracy of product selection, narrowing the products purchased and promoting planned inventory sell-through. As a result, inventory at the end of the third-quarter accounting period was ¥720 million, a reduction of ¥54 million from the same period of the previous year. (Comparative figures are based on the Company’s non-consolidated financial statements.)」
With inventory reduction as a policy, we narrowed the range of products purchased and implemented planned inventory sell-through, reducing inventory at the end of the third quarter accounting period by ¥54 million year on year, to ¥720 million. - FY2019RestatedAnnual report
「We promoted the sale of seasonal products within appropriate selling periods, reduced slow-moving inventory and improved the inventory mix.」
The company continues to improve its inventory mix by selling seasonal products within their selling periods and reducing slow-moving inventory. - FY2019-Q3AdvancedAnnual report
「Regarding the “optimization of summer merchandise inventory,” we proceeded with the disposal of summer merchandise carried over from the previous period and adjusted inventory levels by restraining purchases during the current period. As a result, sales of summer merchandise fell short of the previous year because we were unable to increase sales, but we were able to prepare for the launch of next season’s summer merchandise.」
At ピート, the company disposed of carried-over summer merchandise inventory and restrained purchases during the current period to adjust inventory levels. Although summer merchandise sales fell below the previous year, the company states that preparations for next season’s summer merchandise launch were completed. - FY2019-Q2AdvancedAnnual report
「We reduced slow-moving inventory and improved the inventory mix by promoting the sale of seasonal products within their selling periods.」
The drive to sell prior-year and excess inventory has been implemented during the current period through sales of seasonal products within their selling periods and the reduction of slow-moving inventory. - FY2018First statedAnnual report
「By promoting the disposal of inventory, including excess inventory resulting from store closures, we reduced merchandise inventory at the end of the fiscal year by ¥196 million from the end of the previous fiscal year, to ¥491 million.」
The disposal of prior-year and excess inventory is confirmed for the first time as an independent theme, with the specific result of reducing year-end merchandise inventory by ¥196 million from the end of the previous year.