Diversification of the business model and integration of manufacturing and sales
First written in FY2023. 3 of 9 entries say "Restated". Latest entry: 2026-10-15.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026-H1AdvancedAnnual report
「With rising gold prices providing a tailwind, we acquired the pure-gold jewelry business from RAIN and worked to build a foundation for medium- to long-term growth.」
Following AbHeri and No., the company acquired the pure-gold jewelry business from RAIN, making concrete progress on diversifying its business model into gold jewelry and integrating manufacturing and sales. - FY2025-H1AdvancedAnnual report
「Under these circumstances, as part of the initiatives under our medium-term management plan focused on group strategy, announced on 3 October 2023 and revised on 29 October 2024, we have pursued structural reform at Happiness and Co., Ltd., the launch of No.'s new jewelry business, and the expansion of AbHeri's operations.」
Under the medium-term management plan centered on group strategy, the company has made concrete progress on structural reform, No.'s new jewelry business and the expansion of AbHeri's operations. - FY2024AdvancedAnnual report
「We operate multiple Brand Shop Happiness stores at shopping centers nationwide, but have determined that diversifying our business model through group management is an urgent priority to further address urban markets and inbound demand. Accordingly, in the previous consolidated fiscal year, we made AbHeri Co., Ltd., a jewelry manufacturer and retailer, a wholly owned subsidiary. In the current consolidated fiscal year, we established No. Co., Ltd. to develop a new jewelry business format, resulting in a group management structure comprising 3 companies.」
Following AbHeri, the company established No. and transitioned to a group management structure comprising 3 companies. The initiatives to establish a revenue base through integrated manufacturing and sales, M&A and new businesses have moved into the phase of building a track record. - FY2024-Q3RestatedAnnual report
「As part of our efforts to step up M&A, we are considering and negotiating with a broad range of companies that are expected to generate significant synergies in order to diversify our business model.」
To diversify the business model, the company continues to consider and negotiate M&A transactions involving companies expected to generate significant synergies. - FY2024-Q2RestatedAnnual report
「As part of our efforts to step up M&A, we are considering and negotiating with a broad range of companies that are expected to generate significant synergies in order to diversify our business model.」
To diversify beyond the single business model, the company continues to consider and negotiate with companies expected to generate significant synergies. - FY2023First statedAnnual report
「Specifically, we will work to improve margins by transitioning existing businesses to an integrated manufacturing-and-sales business model and establish a revenue base through M&A involving multiple brands and the launch of new businesses.」
The company has, for the first time, explicitly stated measures to transition from a single business model centered on brand stores to integrated manufacturing and sales, M&A involving multiple brands, and establishing a revenue base through new businesses.