Weak demand for high-priced international-brand watches
First written in FY2016-Q3. 13 of 33 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-08-21.
Happiness and D moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Achieved".
- FY2026-H1SoftenedAnnual report
「Watches: We have continued to narrow our product offering as part of structural reform. Sales were ¥394.957 million (down 30.5% year on year), and gross profit was ¥126.640 million (down 28.5%).」
The reduction in the watch division's product offering, including overseas-brand watches, and the associated revenue decline continued, but the year-on-year decline in sales narrowed from 43.4% in the previous period to 30.5%, while the gross profit decline narrowed from 38.7% to 28.5%. - FY2025SoftenedAnnual report
「Watches: In response to the decline in overseas-brand watches caused by price increases and the contraction of the watch market, we have continued to narrow our product offering from the previous period. Sales were ¥1,048.312 million (down 38.7% year on year), and gross profit was ¥328.367 million (down 35.0%).」
The decline in overseas-brand watches and market contraction continued, but the year-on-year decline in sales narrowed slightly from 43.4% in the previous period to 38.7%. - FY2025-H1WorsenedAnnual report
「Watches: In response to the decline in overseas-brand watches caused by price increases and the contraction of the watch market, we have continued to narrow our product offering from the previous fiscal year. Sales were ¥568.275 million (down 43.4% year on year), and gross profit was ¥177.206 million (down 38.7%).」
The decline in overseas-brand watches, driven by price increases and market contraction, continued. Sales fell 43.4% year on year, and gross profit fell 38.7%. - FY2024WorsenedAnnual report
「Watches: In response to the decline in overseas-brand watches caused by price increases and the contraction of the watch market, we narrowed our product offering, resulting in sales of ¥1,709.235 million (down 32.5% year on year).」
Price increases and the contraction of the watch market continued, widening the revenue decline in the watch division, centered on overseas-brand watches, to 32.5% year on year. - FY2024-Q3WorsenedAnnual report
「Watches: In response to the decline in overseas-brand watches caused by price increases and the contraction of the watch market, we narrowed our product offering, resulting in sales of ¥1,375.103 million (down 28.8% year on year).」
The decline in overseas-brand watches and the contraction of the watch market continued, with the year-on-year revenue decline widening from 23.8% in the previous quarter to 28.8%. - FY2024-Q1RestatedAnnual report
「Watches: In response to the decline in overseas-brand watches caused by price increases and the contraction of the watch market, we narrowed our product offering, resulting in sales of ¥452.970 million.」
The decline in overseas-brand watches due to price increases and the contraction of the watch market continue, and the product offering is being narrowed. - FY2023WorsenedAnnual report
「Watches: Although sales of overseas-brand watches declined sharply due to price increases, we reviewed merchandising with a focus on products for men, resulting in sales of ¥2,532.305 million.」
The full-year results disclose a sharp decline in sales of overseas-brand watches due to price increases, with watch-division sales at ¥2,532.305 million. - FY2023-Q3WorsenedAnnual report
「Watches: Domestic watches, particularly men's watches, performed well as a result of a review of merchandising and stronger sales efforts. However, sales of overseas-brand watches declined broadly due to price increases, resulting in sales of ¥1,933.231 million.」
Although domestic watches performed well, sales of overseas-brand watches declined broadly due to price increases, and sluggish demand for high-priced overseas-brand watches continues. - FY2023-Q2WorsenedAnnual report
「Watches: Domestic watches performed well as a result of a review of merchandising and stronger sales efforts. However, sales of overseas-brand watches declined broadly due to price increases, resulting in sales of ¥1,319.520 million.」
Sales of overseas-brand watches declined broadly due to price increases, and sluggish demand for high-priced overseas-brand watches continues. - FY2023-Q1WorsenedAnnual report
「Watches: Domestic watches performed well as a result of a review of merchandising and stronger sales efforts. However, sales of overseas-brand watches declined broadly due to price increases, resulting in sales of ¥585.627 million (down 22.8% year on year).」
Sales of overseas-brand watches declined broadly due to price increases, causing watch-division revenue to fall 22.8% year on year. - FY2022WorsenedAnnual report
「Watches: Amid a shrinking watch market, strengthening promotional campaigns focused on high-priced watches resulted in sales of ¥3,349.434 million (net presentation).」
The contraction of the watch market was disclosed. Although promotions for high-priced watches were strengthened, sales on a gross presentation basis declined from ¥5,003.642 million in the previous year to ¥4,461.350 million. - FY2022-Q3WorsenedAnnual report
「• Watches: Amid a shrinking watch market, strengthening promotional campaigns focused on high-priced watches resulted in sales of ¥2,701.116 million (net presentation).」
The contraction of the watch market has newly been disclosed. Although promotions focused on high-priced watches were strengthened, sales on a gross presentation basis declined from ¥3,817.603 million in the same period of the previous year to ¥3,555.439 million. - FY2022-Q2MitigatedAnnual report
「Watches: Strengthening promotional campaigns focused on selected key overseas watch brands resulted in sales of ¥1,987.938 million (¥2,644.940 million in the same period of the previous year and ¥2,606.662 million in the same period two years earlier).」
On a comparable gross basis, rather than the net presentation applied after adoption of the revenue recognition standard, sales increased from ¥2,606.662 million in the same period of the previous year to ¥2,644.940 million, indicating that promotions for selected key brands partly mitigated the decline in demand for high-priced watches. - FY2022-Q1WorsenedAnnual report
「Watches: Although we strengthened promotional campaigns focused on selected key overseas watch brands, the decline in high-priced products, except for some products, resulted in sales of ¥758.793 million (¥1,028.780 million in the same period of the previous year and ¥1,115.319 million in the same period two years earlier).」
Although the watch division had recovered to revenue growth for the full previous fiscal year, the decline in high-priced products, except for some products, has again become evident this quarter. - FY2021RestatedAnnual report
「Watches: In addition to expanding our core domestic brands, we strengthened promotional campaigns focused on selected key overseas watch brands. Although high-priced products declined, sales rose to ¥5,003.642 million (up 1.9% year on year) as a result.」
Although the decline in high-priced products continued, watch-division revenue rose 1.9% year on year, confirming again that sluggish demand for high-priced watches has not resulted in a decline in revenue for the division as a whole. - FY2021-Q3MitigatedAnnual report
「Watches: In addition to expanding our core domestic brands, we strengthened promotional campaigns focused on selected key overseas watch brands. Although high-priced products declined, sales rose to ¥3,817.603 million (up 7.6% year on year) as a result.」
Although the decline in high-priced products continued, stronger promotions for selected key brands and other measures lifted watch-division revenue 7.6% year on year, an improvement from the 12.2% decline in the previous quarter. - FY2021-Q2SoftenedAnnual report
「Watches: In addition to expanding our core domestic brands, we strengthened promotional campaigns focused on selected key overseas watch brands. However, the decline in high-priced products resulted in sales of ¥2,606.662 million (down 12.2% year on year).」
The decline in high-priced products continued, but the year-on-year revenue decline narrowed slightly from 13.7% in the previous quarter to 12.2%. - FY2021-Q1WorsenedAnnual report
「Watches: In addition to expanding our core domestic brands, we strengthened promotional campaigns focused on selected key overseas watch brands. However, the decline in high-priced products resulted in sales of ¥1,115.319 million (down 13.7% year on year).」
The decline in high-priced products continued, and the watch division's revenue fell 13.7% year on year. - FY2020RestatedAnnual report
「Watches: In addition to strong performance by domestic brands, we strengthened promotional campaigns focused on selected key brands. However, the significant decline in high-priced core products, combined with the impact of store closures on sales, resulted in sales of ¥4,906.229 million (down 25.1% year on year).」
The watch division posted a 25.1% full-year revenue decline due to the decline in high-priced core watch products and store closures, confirming the trend. - FY2020-Q3WorsenedAnnual report
「Watches: In addition to strong performance by domestic brands, we strengthened promotional campaigns focused on selected key brands. However, the significant decline in high-priced core products, combined with the impact of store closures on sales, resulted in sales of ¥3,547.915 million (down 28.1% year on year).」
The decline in high-priced core products was compounded by the impact of store closures, causing the watch division's revenue decline to widen to 28.1% year on year. - FY2020-Q2WorsenedAnnual report
「Watches: In addition to strong performance by domestic brands, we strengthened promotional campaigns focused on selected key brands. However, the significant decline in high-priced core products resulted in sales of ¥2,971.095 million (down 11.0% year on year).」
The significant decline in high-priced core products caused the watch division's revenue to fall 11.0% year on year, worsening from the 10.2% decline in the previous quarter. - FY2020-Q1MaterialisedAnnual report
「• Watches: In addition to strong performance by domestic brands, we strengthened promotional campaigns focused on selected key brands. However, sales were ¥1,292.534 million (down 10.2% year on year) due to a decline in high-priced products following the consumption tax increase.」
The decline in sales of high-priced products following the consumption tax increase materialized as a 10.2% year-on-year revenue decline in the watch division, showing that sluggish demand for high-priced watches has again affected performance. - FY2019-Q3RestatedAnnual report
「Sales were ¥4,941 million, up 4.6% year on year, as sales of high-priced foreign-brand products continued to perform strongly.」
The strong sales of high-priced foreign-brand watches and the 4.6% year-on-year increase in watch-division sales are reconfirmed. - FY2019-Q2RestatedAnnual report
「Sales were ¥3,340 million, up 3.6% year on year, following the strengthening of sales campaigns for high-priced foreign brands.」
Sales of high-priced foreign-brand watches rose 3.6% year on year, reconfirming that weak demand had eased. - FY2018-Q3RestatedAnnual report
「Sales were ¥4,723 million, up 13.7% year on year, as sales of high-priced foreign brands continued to perform strongly.」
The strong sales of high-priced foreign brands and the 13.7% year-on-year increase in sales are reconfirmed. - FY2018-Q2RestatedAnnual report
「Sales were ¥3,222 million, up 13.3% year on year, as sales of high-priced foreign brands remained strong.」
The disclosure states that sales of high-priced foreign-brand watches were strong and rose 13.3% year on year, reconfirming that weak demand had eased. - FY2018-Q1MitigatedAnnual report
「Sales were ¥1,342 million, up 18.5% year on year, as sales of high-priced foreign brands remained strong.」
In contrast to the previous weakness in demand for high-priced foreign-brand watches, the disclosure states that sales of high-priced foreign brands were strong and rose 18.5% year on year. - FY2017MitigatedAnnual report
「Sales were ¥5,604 million, up 23.4% year on year, as sales of high-priced branded products, mainly through advance sales events, were strong, and the watch section was expanded.」
The disclosure states that sales of high-priced branded watches were strong and that watch-division sales rose 23.4%, reconfirming that the previous weakness in demand for high-priced products had eased. - FY2017-Q3MitigatedAnnual report
「Sales were ¥4,152 million, up 21.4% year on year, as sales of high-priced branded products, mainly through advance sales events, were strong.」
In contrast to the previous weakness in demand for high-priced foreign-brand watches, the disclosure states that sales of high-priced branded products were strong and that watch-division sales rose 21.4%. - FY2016RestatedAnnual report
「Although sales of domestic-brand watches were strong, sales were ¥4,538 million, down 2.9% year on year, as demand for high-priced products, mainly foreign-brand watches, declined.」
The decline in demand for high-priced foreign-brand watches and the watch division's lower sales are reiterated as full-year results. - FY2016-Q3First statedAnnual report
「Although sales of domestic-brand watches were strong, demand for high-priced products, particularly international-brand watches, declined, resulting in watch sales of ¥3,420.374 million, down 2.3% year on year.」
The decline in demand for high-priced international-brand watches and the 2.3% year-on-year decline in watch-segment sales are reported.