Delayed Contribution from New Stores
First written in FY2018-Q1. 1 of 5 entries say "Restated". Latest entry: FY2019-Q1.
0 other companies' latest entry also says "Mitigated".
- FY2019-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, sales, operating income and ordinary income increased year on year as products under the loom brand began to become available and inventories of popular products were secured on a stable basis.」
The company identifies the growing availability of loom-brand merchandise as a factor behind improved performance, indicating signs of improvement from the weak sales of the new brand reported in the previous period. - FY2018WorsenedAnnual report
「The main reasons for the difficult results during the period were weak sales of the new "unico loom" brand launched in the previous period, a shortage of experienced sales staff, delays in training new sales staff, and stockouts during the peak season.」
Weak sales of the new brand, a shortage of experienced sales staff, delays in training new staff and stockouts during the peak season were explicitly identified as the main factors behind sluggish store sales and the difficult results for the period. - FY2018-Q3RestatedAnnual report
「In the cumulative consolidated nine-month period, revenue, gross profit and gross profit margin all improved year on year, but operating profit deteriorated year on year. This was because the relative burden of selling, general and administrative expenses, particularly fixed costs, increased as the contribution from new stores was delayed and some existing stores continued to struggle.」
The company explains that, in addition to the delayed contribution from new stores, some existing stores continued to struggle, increasing the relative burden of selling, general and administrative expenses, particularly fixed costs. - FY2018-Q2Sluggish performance at new and existing storesAnnual report
「Performance at some new and existing stores was sluggish, resulting in year-on-year declines in operating profit, ordinary profit and quarterly net profit attributable to owners of the parent.」
The company states that, in addition to the delayed contribution from new stores noted in the previous quarter, performance at some existing stores was sluggish. - FY2018-Q1First statedAnnual report
「In the cumulative consolidated first-quarter period, the gross profit margin improved year on year on strong overseas procurement reflecting the trend toward a stronger yen, but revenue increased only marginally and operating profit declined year on year because the contribution from new stores was delayed.」
The delay in the contribution from new stores is cited as a factor behind revenue increasing only marginally and operating profit declining.