Restrictions on the supply of international-brand products
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: FY2025.
Happiness and D moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
The whole theme swung hardest in 2018: 3 of 16 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「・Depending on the supply policies of overseas brands and other factors, it may become impossible to procure products from certain brands ・Problems in distribution channels or a breakdown in the balance between demand and supply may severely restrict the procurement of products from popular brands ・Natural disasters, epidemics, and other events may cause economic activity in the countries of production and distribution channels for imported brand products to remain stagnant for an extended period」
The company is reaffirming supply constraints arising from overseas brands' supply policies and distribution channels, and from natural disasters and infectious diseases, as major risks with both high likelihood and high impact. - FY2023WorsenedAnnual report
「Product procurement and inventory Unspecified High High」
The company classifies overseas brands' supply policies and distribution channels, as well as production and distribution disruptions caused by natural disasters and infectious diseases, as major risks with both high likelihood and high impact. - FY2020WorsenedAnnual report
「In addition, if the prolonged global spread of COVID-19 and other infectious diseases causes economic activity in the countries of production and distribution channels for imported brand products to remain sluggish for an extended period, procurement may be disrupted, potentially affecting our business performance.」
In addition to the existing risks related to overseas brands' supply policies and distribution channels, the company explicitly identifies stagnation of economic activity in production countries and distribution channels caused by the global spread of infectious diseases as a new supply constraint. - FY2018-Q2MaterialisedAnnual report
「Although bags and accessories were somewhat weak due to insufficient deliveries from some major overseas brands, original brands performed well, resulting in sales of ¥5,623,806 thousand, up 1.7% year on year.」
The company states that insufficient deliveries from some major overseas brands actually occurred, causing the bags and accessories segment to perform somewhat weakly, in connection with the risk of restrictions on the supply of overseas brand products. - FY2017RestatedAnnual report
「Depending on the supply policies of overseas brands and other factors, there is a risk that we may be unable to procure products from certain brands.」
The company continues to identify the risk of procurement restrictions arising from overseas brands' supply policies, distribution channels, and supply-demand imbalances. - FY2016First statedAnnual report
「Depending on the supply policies of overseas brands and other factors, there is a risk that we may be unable to procure products from certain brands.」
The company identifies restrictions on procuring popular products caused by overseas brands' supply policies, distribution-channel problems, and supply-demand imbalances as risks.