Komori
Merf (3168) · FactAdvanced

Strong demand for gold products and character merchandise

First written in FY2016-Q3. 16 of 37 entries say "Advanced", first in FY2022-Q1. Latest entry: 2026-10-14.

37entries
11years
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ProgressHeldSoftenedWorseOtherFY2016-Q3 – FY2021AdvancedFY2022-Q1 – FY2023-Q2AdvancedFY2023 – 2026-10-142016: 220162017: 320172018: 420182019: 320192020: 420202021: 420212022: 420222023: 420232024: 420242025: 220252026: 32026
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Strong demand for gold products and character merchandiseA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2026-H1AdvancedAnnual report

    「In the arts and crafts business, demand for gold and character products remained firm, supported by persistent demand for gold products as stores of value. Revenue for the interim consolidated accounting period was ¥415 million, up ¥80 million, or 24.2%, year on year.」

    Demand for gold and character products remained firm, and revenue in the arts and crafts business increased 24.2% year on year.
  2. FY2025AdvancedAnnual report

    「In the arts and crafts business, steady progress in developing new products led to higher sales. Revenue for the fiscal year was ¥558 million, up 4.0% from the previous fiscal year.」

    New product development led to higher sales, and revenue in the arts and crafts business increased 4.0% year on year.
  3. FY2025-H1AdvancedAnnual report

    「In the arts and crafts business, demand for gold products remained firm, and a hit new character product also contributed. Revenue for the interim consolidated accounting period was ¥334 million, up ¥84 million, or 34.0%, year on year.」

    Revenue increased 34.0% year on year, driven by firm demand for gold products and the success of a new character product.
  4. FY2024AdvancedAnnual report

    「In the arts and crafts business, demand for craft products recovered as the classification of COVID-19 was changed. Revenue for the fiscal year was ¥536 million, up 35.6% from the previous fiscal year.」

    Demand for craft products recovered, and revenue in the arts and crafts business increased 35.6% year on year. The recovery trend developed into full-year revenue growth.
  5. FY2024-Q3AdvancedAnnual report

    「In the arts and crafts business, demand for gold products, including Buddhist altar fittings and ornaments, remained firm, while increased sales of character products also contributed. Revenue for the first nine months of the fiscal year was ¥390 million, up ¥96 million, or 32.6%, year on year.」

    In addition to firm demand for gold products, higher sales of character products drove a 32.6% year-on-year increase in revenue in the arts and crafts business.
  6. FY2024-Q2AdvancedAnnual report

    「In the arts and crafts business, demand for gold products remained firm, and a hit new character product also contributed. Revenue for the first six months of the fiscal year was ¥249 million, up ¥40 million, or 19.2%, year on year.」

    Revenue increased 19.2% year on year, driven by firm demand for gold products and the success of a new character product.
  7. FY2024-Q1AdvancedAnnual report

    「In the arts and crafts business, demand for gold and character products remained firm, supporting a recovery trend. Revenue for the first quarter of the fiscal year was ¥115 million, up ¥14 million, or 14.5%, year on year.」

    Demand for gold and character products remained firm, revenue increased 14.5% year on year, and the recovery trend continued.
  8. FY2023AdvancedAnnual report

    「In the arts and crafts business, a gradual recovery trend was evident following the COVID-19 pandemic, but the business did not fully recover. Revenue for the fiscal year was ¥395 million, up 5.7% from the previous fiscal year.」

    Although the arts and crafts business did not fully recover, full-year revenue increased 5.7% year on year.
  9. FY2023-Q3Firm demand, with revenue broadly flatAnnual report

    「In the arts and crafts business, demand for gold products, including Buddhist statues and Buddhist altar fittings, and character products remained firm and revenue was broadly flat. Revenue for the first nine months of the fiscal year was ¥294 million, approximately unchanged from the same period a year earlier, up 0.1%.」

    Although demand for gold and character products remained firm, revenue was broadly flat, up 0.1% year on year. This indicates that revenue remained at the same level after the recovery trend through the previous quarter.
  10. FY2023-Q2AdvancedAnnual report

    「In the arts and crafts business, a gradual recovery trend continued following the COVID-19 pandemic. Revenue for the first six months of the fiscal year was ¥209 million, up ¥17 million, or 9.1%, year on year.」

    The recovery trend in the arts and crafts business continued following the COVID-19 pandemic, and revenue increased 9.1% year on year.
  11. FY2023-Q1AdvancedAnnual report

    「In the arts and crafts business, a gradual recovery trend continued following the COVID-19 pandemic. Revenue for the first quarter of the fiscal year was ¥100 million, up ¥5 million, or 6.2%, year on year.」

    The recovery trend in the arts and crafts business continued following the COVID-19 pandemic, and revenue increased 6.2% year on year.
  12. FY2022AdvancedAnnual report

    「In the arts and crafts business, a gradual recovery trend was evident following the COVID-19 pandemic, but the business did not fully recover. Revenue for the fiscal year was ¥374 million, up 11.9% from the previous fiscal year.」

    Although the arts and crafts business did not fully recover, revenue increased 11.9% year on year, indicating that the recovery trend advanced over the full year.
  13. FY2022-Q3AdvancedAnnual report

    「In the arts and crafts business, a gradual recovery trend continued following the COVID-19 pandemic. Revenue for the first nine months of the fiscal year was ¥294 million, up ¥60 million, or 25.9%, year on year.」

    The recovery trend in the arts and crafts business continued following the COVID-19 pandemic, and revenue increased 25.9% year on year.
  14. FY2022-Q2AdvancedAnnual report

    「In the arts and crafts business, a gradual recovery trend continued following the COVID-19 pandemic. Revenue for the first six months of the fiscal year was ¥192 million, up ¥43 million, or 29.5%, year on year.」

    The recovery trend in the arts and crafts business continued, and revenue increased 29.5% year on year.
  15. FY2022-Q1AdvancedAnnual report

    「In the arts and crafts business, a gradual recovery trend emerged following the COVID-19 pandemic. Revenue for the first quarter of the fiscal year was ¥94 million, up ¥15 million, or 19.2%, year on year.」

    The business entered a gradual recovery trend following the COVID-19 pandemic, and revenue increased 19.2% year on year.
  16. FY2021Revenue increased as the business bottomed out, but full recovery was not achievedAnnual report

    「In the arts and crafts business, signs of a bottoming out from the COVID-19 pandemic emerged, but the business did not fully recover. Revenue for the fiscal year was ¥334 million, up 8.3% from the previous fiscal year.」

    The Company reported signs of a bottoming out and an 8.3% increase in revenue in the arts and crafts business, while noting that full recovery had not yet been achieved.
  17. FY2021-Q3Revenue decline narrowed despite demand remaining unrecoveredAnnual report

    「In the arts and crafts business, demand did not recover due to the impact of the spread of COVID-19. Revenue for the first nine months of the fiscal year was ¥233 million, down ¥13 million, or 5.4%, year on year.」

    Demand has not yet recovered, but the year-on-year revenue decline narrowed from 26.0% in the previous quarter to 5.4%.
  18. FY2021-Q2Revenue decline widened as demand remained unrecoveredAnnual report

    「In the arts and crafts business, demand did not recover due to the impact of the spread of COVID-19. Revenue for the first six months of the fiscal year was ¥148 million, down ¥51 million, or 26.0%, year on year.」

    Demand did not recover due to the impact of COVID-19, and revenue fell 26.0% year on year.
  19. FY2021-Q1Revenue continued to decline as demand remained unrecoveredAnnual report

    「In the arts and crafts business, demand did not recover due to the impact of the spread of COVID-19. Revenue for the first quarter of the fiscal year was ¥79 million, down ¥13 million, or 14.5%, year on year.」

    Demand in the arts and crafts business did not recover due to the impact of COVID-19, and revenue fell 14.5% year on year.
  20. FY2020Full-year revenue declined due to department store closuresAnnual report

    「In the arts and crafts business, demand fell sharply as department stores and other outlets closed due to the spread of COVID-19. As a result, revenue for the fiscal year was ¥308 million, down 24.3% year on year.」

    Demand for arts and crafts products, previously considered resilient, fell sharply due to department store closures caused by COVID-19, resulting in a 24.3% decline in full-year revenue.
  21. FY2020-Q3Lower sales due to department store closures during the COVID-19 pandemicAnnual report

    「In the arts and crafts business, sales of pure-gold Buddhist statues and Buddhist altar fittings and character products declined due to the temporary closure of department stores caused by COVID-19. As a result, revenue for the first nine months of the fiscal year was ¥247 million, down 23.7% year on year.」

    Sales of pure-gold and character products, previously considered to have resilient demand, declined due to the temporary closure of department stores caused by COVID-19, resulting in a 23.7% year-on-year decline in revenue in the arts and crafts business.
  22. FY2020-Q2Revenue declined due to lower sales of copper products despite firm demandAnnual report

    「In the arts and crafts business, demand for pure-gold Buddhist statues and Buddhist altar fittings and character products remained firm, but sales of copper Buddhist statues declined. As a result, revenue for the first six months of the fiscal year was ¥200 million, down 12.9% year on year.」

    Although demand for pure-gold Buddhist statues and Buddhist altar fittings and character products remained firm, the arts and crafts business posted a 12.9% year-on-year decline in revenue due to lower sales of copper Buddhist statues.
  23. FY2020-Q1Revenue declined due to lower sales of copper products despite firm demandAnnual report

    「In the arts and crafts business, demand for gold Buddhist altar fittings and character products remained firm, but sales of copper products declined. As a result, revenue for the first quarter of the fiscal year was ¥93 million, down ¥37 million, or 28.9%, year on year.」

    Demand for gold and character products remained firm, but revenue fell 28.9% year on year due to lower sales of copper products.
  24. FY2019-Q3Revenue declined as lower demand for copper-related products offset firm demandAnnual report

    「In the arts and crafts business, demand for gold products, including Buddhist statues and Buddhist altar fittings, and character products remained firm, but revenue for the first nine months of the fiscal year was ¥321 million, down 9.7% year on year, due to lower demand for copper-related products.」

    Although demand for gold and character products remained firm, the arts and crafts business posted a 9.7% year-on-year decline in revenue due to lower demand for copper-related products.
  25. FY2019-Q2Higher revenue, driven mainly by firm sales of character productsAnnual report

    「In the arts and crafts business, demand remained firm, particularly for character products, and revenue for the first six months of the fiscal year was ¥227 million, up 3.1% year on year.」

    Demand remained firm, particularly for character products, and revenue increased 3.1% year on year.
  26. FY2019-Q1Higher revenue from increased sales of pure-gold productsAnnual report

    「In the arts and crafts business, demand for gold products, including Buddhist statues and Buddhist altar fittings, and character products remained firm. In particular, increased sales of pure-gold products contributed to revenue of ¥131 million for the first quarter of the fiscal year, up ¥11 million, or 9.6%, year on year.」

    Demand for gold and character products remained firm, and revenue rose 9.6% year on year, driven particularly by increased sales of pure-gold products.
  27. FY2018Lower revenue and profit due to declining sales of large productsAnnual report

    「In the arts and crafts business, demand for gold products, including Buddhist statues and Buddhist altar fittings, and character products remained firm, but sales of large products declined as the Company pursued higher value-added products. As a result, revenue for the fiscal year was ¥453 million, down 4.5% year on year, and operating profit was ¥38 million, down 24.5%.」

    Although demand for gold and character products remained firm, the arts and crafts business posted lower revenue and profit due to declining sales of large products.
  28. FY2018-Q3RestatedAnnual report

    「Although demand for gold products, including Buddhist statues and Buddhist altar fittings, and character merchandise remained solid in the Arts and Crafts business, revenue for the cumulative nine months of the fiscal year was ¥356 million, down 5.7% year on year, due to declining demand related to copper products.」

    Demand for gold and character products remained firm, but revenue fell 5.7% year on year due to lower demand for copper-related products.
  29. FY2018-Q2RestatedAnnual report

    「Although demand for gold products, including Buddhist statues and Buddhist altar fittings, and character merchandise remained solid in the Arts and Crafts business, revenue for the cumulative first half of the fiscal year was ¥220 million, down 9.6% year on year, due to declining demand related to copper products.」

    Demand for gold products and character merchandise remained solid, while declining demand related to copper products continued to result in lower revenue.
  30. FY2018-Q1Gold products and character merchandise remained solid, but demand related to copper products declinedAnnual report

    「Although demand for gold products, including Buddhist statues and Buddhist altar fittings, and character merchandise remained solid in the Arts and Crafts business, revenue for the cumulative first quarter of the fiscal year was ¥119 million, down 6.7% year on year, a decrease of ¥8 million from the same quarter of the previous year, due to declining demand related to copper products.」

    Demand for traditional gold products and character merchandise remained solid, but declining demand related to copper products reduced revenue in the Arts and Crafts business 6.7% year on year.
  31. FY2017-Q3RestatedAnnual report

    「Although demand for gold products, including Buddhist statues and Buddhist altar fittings, and character merchandise remained solid in the Arts and Crafts business, sales of high-priced products in the previous year resulted in revenue for the cumulative nine months of the fiscal year of ¥377 million, down 15.4% year on year.」

    Demand for gold products and character merchandise remained solid, but revenue declined because of the reaction to high-priced product sales in the previous year.
  32. FY2017-Q2RestatedAnnual report

    「Although demand for gold products, including Buddhist statues and Buddhist altar fittings, and character merchandise remained solid in the Arts and Crafts business, sales of high-priced products in the previous year resulted in revenue for the cumulative first half of the fiscal year of ¥244 million, down 9.4% year on year.」

    Demand for gold products and character merchandise remained solid, but revenue declined because of the reaction to high-priced product sales in the previous year.
  33. FY2017-Q1RestatedAnnual report

    「Although demand for gold products, including Buddhist statues and Buddhist altar fittings, and character merchandise remained solid in the Arts and Crafts business, sales of high-priced gold character merchandise in the same quarter of the previous year resulted in revenue for the cumulative first quarter of the fiscal year of ¥128 million, down 19.4% year on year, a decrease of ¥30 million from the same quarter of the previous year.」

    Demand for Buddhist statues, Buddhist altar fittings and character merchandise remained solid, but revenue declined because of the reaction to sales of high-priced character merchandise in the previous year.
  34. FY2016RestatedAnnual report

    「As gold electroformed products, including Buddhist statues, Buddhist altar fittings and character merchandise, remained strong, revenue for the fiscal year was ¥549 million.」

    Strong demand for gold products and character merchandise continued throughout the fiscal year.
  35. FY2016-Q3First statedAnnual report

    「Demand for gold products, including Buddhist statues and Buddhist altar fittings, and character merchandise was strong in the Arts and Crafts business. As a result, revenue for the cumulative nine months of the fiscal year was ¥446 million.」

    This describes demand trends and revenue performance in the Arts and Crafts business.
Moved together

"Maintaining the Current Level of the Art and Craft Business and Securing Stable Long-Term Profits" moved the same way as this thread, in the same document, in 12 of its 37 moves.

121110777★123456
  1. ★This thread
  2. 1Maintaining the Current Level of the Art and Craft Business and Securing Stable Long-Term Profits12×
  3. 2Securing stable profits through product reviews and the use of hedging11×
  4. 3Payment of an Interim Dividend10×
  5. 4Earnings pressure from falling copper prices7×
  6. 5Operating, Ordinary and Net Losses Despite Maintaining Net Sales7×
  7. 6Securing stable operating cash flow through inventory and trade receivables management7×

★ 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.

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Merf's next results are scheduled for 2026-10-14. Read the earnings preview It last moved in the Earnings of 2026-10-14: "Advanced".
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Strong demand for gold products and character merchandise | MERF Inc. (3168) | Komori