Improving performance to return to profitability
First written in FY2021. 5 of 24 entries say "Advanced", first in FY2022-Q2. Latest entry: 2026-10-15.
The whole theme swung hardest in 2018: 2 of 14 companies on the "Worse" side.
11 other companies' latest entry also says "Advanced".
- FY2026-H1Return to operating profitability and narrower lossesAnnual report
「In response to these circumstances, as described in “2. Analysis of the Financial Position, Operating Results and Cash Flows by Management (1) Financial Position and Operating Results,” the Group is expanding its vintage product offerings and strengthening jewelry, bullion and casual-brand products.」
Operating income turned positive in the interim period, and ordinary loss and interim net loss also narrowed, owing to structural reforms and the strengthening of the vintage, jewelry and bullion businesses. However, ordinary profit or loss and net profit or loss remained negative, meaning that the return to profitability was limited to certain indicators. - FY2025Full-year losses continue, with structural reform results citedAnnual report
「As a result of the rapid depreciation of the yen and rising prices since the fiscal year ended August 2022, sales of imported brand products declined, and the Group also closed unprofitable stores. Consequently, it has continued to record operating loss, ordinary loss and net loss attributable to owners of the parent since the fiscal year ended August 2023.」
While citing a certain level of results from measures for an early return to profitability, including strengthening the jewelry business, full-year losses have continued since the fiscal year ended August 2023, and the current fiscal year also resulted in operating, ordinary and net losses. - FY2025-H1Results from early return-to-profitability measures cited, while first-half losses continueAnnual report
「In response to these circumstances, the Group is promoting initiatives aimed at an early return to profitability, including structural reforms at Happiness and D, the launch of No.'s new jewelry business and the expansion of AbHeri, based on the medium-term management plan. Strengthening the jewelry business as part of the structural reforms has led to improved gross margins as sales increased, producing a certain level of results.」
The company cited improved gross margins from strengthening the jewelry business as a certain level of progress and continued early return-to-profitability measures, including No. and AbHeri. Meanwhile, the interim period resulted in operating, ordinary and net losses. - FY2024Full-year consolidated losses continued, but narrowedAnnual report
「Consolidated operating loss for the fiscal year was ¥158.219 million. ... Consolidated ordinary loss for the fiscal year was ¥186.916 million. ... Net loss attributable to owners of the parent was ¥459.062 million.」
Operating, ordinary and net losses continued in the full-year consolidated results despite the return-to-profitability target, but the loss amounts narrowed from the previous year. - FY2024-Q3Losses continue in the cumulative third quarter, but narrowedAnnual report
「For the third quarter cumulative period, consolidated revenue was ¥8,384 million, down 14.8% year on year, operating loss was ¥58 million, compared with ¥101 million in the same period of the previous year, ordinary loss was ¥78 million, compared with ¥122 million, and quarterly net loss attributable to owners of the parent was ¥158 million, compared with ¥180 million.」
Operating, ordinary and net losses continued, but the loss amounts narrowed from the same period of the previous year. - FY2024-Q2Operating and ordinary profit in the first half, net loss continuesAnnual report
「For the second quarter cumulative period, consolidated revenue was ¥5,975 million, down 11.9% year on year, operating profit was ¥44 million, up 53.9%, ordinary profit was ¥31 million, up 87.3%, and quarterly net loss attributable to owners of the parent was ¥20 million, compared with ¥49 million in the same period of the previous year.」
Operating income and ordinary income were positive on a cumulative first-half basis, but the quarterly net loss attributable to owners of the parent continued, meaning that the return to profitability had not been achieved on a net-income basis. - FY2024-Q1Return to profitability not achieved in the consolidated first quarterAnnual report
「For the first quarter cumulative period, revenue was ¥2,443 million, operating loss was ¥185 million, ordinary loss was ¥192 million, and quarterly net loss attributable to owners of the parent was ¥210 million.」
Even after setting a return to profitability as a target, the cumulative consolidated first quarter resulted in operating, ordinary and net losses. - FY2023Full-year consolidated losses, return-to-profitability target not achievedAnnual report
「Consolidated operating loss for the fiscal year was ¥216.799 million. ... Consolidated ordinary loss for the fiscal year was ¥243.762 million. ... Net loss attributable to owners of the parent was ¥668.051 million.」
Although measures such as gross-margin improvement were implemented, the full-year consolidated results showed operating, ordinary and net losses, and the return-to-profitability target was not achieved. - FY2023-Q3Operating, ordinary and net losses in the cumulative third quarterAnnual report
「For the third quarter cumulative period, revenue was ¥9,850 million, operating loss was ¥101 million, ordinary loss was ¥122 million, and quarterly net loss attributable to owners of the parent was ¥180 million.」
Operating income and ordinary income were positive on a cumulative second-quarter basis, but in the consolidated cumulative third quarter, operating loss was ¥101.494 million, ordinary loss was ¥121.512 million and net loss was ¥179.862 million. - FY2023-Q2Operating and ordinary profit in the first half, net lossAnnual report
「For the second quarter cumulative period of the first year of consolidation, revenue was ¥6,787 million, operating profit was ¥29 million, ordinary profit was ¥17 million, and quarterly net loss attributable to owners of the parent was ¥49 million.」
In relation to the return-to-profitability target, operating income and ordinary income were positive on a cumulative first-half basis, while the quarterly net loss attributable to owners of the parent was ¥48.764 million. - FY2023-Q1AdvancedAnnual report
「The gross margin on net sales, on a gross-basis presentation, for the cumulative first quarter was 27.7%, up 3.5 percentage points from 24.2% in the same period of the previous year.」
The gross margin on net sales, a priority measure for returning to profitability, increased by 3.5 percentage points year on year to 27.7%. Meanwhile, operating loss widened from the same period of the previous year, and the return to profitability itself was not achieved. - FY2022AchievedAnnual report
「Operating profit for the fiscal year was ¥190 million, compared with an operating loss of ¥72 million in the previous fiscal year. Ordinary profit was ¥191 million, compared with an ordinary loss of ¥79 million. Net profit was ¥90 million, compared with a net loss of ¥124 million.」
After setting a return to profitability as a target, operating income, ordinary income and net income turned positive, resulting in the first profitable results in 3 fiscal years. - FY2022-Q3AdvancedAnnual report
「As a result of efforts to improve the gross margin on sales, a priority measure for the current fiscal year, the gross margin on sales, on a gross basis, for the cumulative third quarter was 25.7%, up 2.7 percentage points from 22.9% in the same quarter of the previous year.」
The gross margin on sales, a priority measure for returning to profitability, improved by 2.7 percentage points from 22.9% in the same period of the previous year to 25.7%, also rising from 25.0% in the previous quarter. - FY2022-Q2AdvancedAnnual report
「As a result of efforts to improve the gross margin on net sales, a priority measure for the current fiscal year, the gross margin on net sales, on a gross basis, for the cumulative second quarter was 25.0%, up 1.9 percentage points from 23.1% in the same quarter of the previous year.」
The gross margin on net sales, a priority measure for returning to profitability, improved by 1.9 percentage points from 23.1% in the same period of the previous year to 25.0%. - FY2022-Q1Gross margin improvementAnnual report
「As a result of efforts to improve the gross margin on net sales, a priority measure for the current fiscal year, the gross margin on net sales, on a gross basis, for the cumulative first quarter was 24.2%, up 0.7 percentage points from 23.5% in the same quarter of the previous year.」
The gross margin, one of the priority measures for returning to profitability, improved by 0.7 percentage points year on year to 24.2% on a gross-basis presentation. Meanwhile, operating loss, ordinary loss and net loss all widened in the quarter. - FY2021First statedAnnual report
「In this environment, we will focus our efforts on improving performance and returning to profitability by improving margins through revisions to selling prices that take regional characteristics into account, while continuing to strengthen the jewelry business and provide stronger support for store sales operations.」
In light of the operating and ordinary losses, the company has set a return to profitability as an explicit target and identified price revisions, the jewelry business and stronger store sales operations as measures to achieve it.