Misawa & Co.,Ltd.

Misawa & Co.,Ltd. operates primarily in the interior, furniture and general merchandise businesses. There were no material changes in the nature of its business during the interim accounting period, and no changes among its major affiliated companies. The Company uses both stores and e-commerce as sales channels and reports revenue under a single segment, the unico business. In its product strategy, it launched the RELIO series of electric reclining sofas and the KINNA series of mirrors made from recycled materials in the furniture category. In the fabric category, it developed the MOTORE series of round rugs and a series of lightweight quilts. In the general merchandise category, it expanded its lineup of in-house-developed baskets and its selection of flower vases. As part of its store-opening strategy, it opened a new EXPOCITY store in Osaka's Hokusetsu area and completely renovated the Marunouchi store. It closed the Kawasaki, Kokubunji and Shizuoka stores to improve the efficiency of its store network, while continuing to upgrade to a new system in anticipation of its future digital strategy. Sales centered on new products remained solid, but were affected by higher restoration costs for closed stores and additional costs associated with the new system upgrade.