EC-related investment and impairment loss at the Neyagawa store weigh on profits
First written in FY2016. 28 of 41 entries say "Mitigated", first in FY2018-Q1. Latest entry: 2026-10-22.
No other company in this theme has enough history to compare yet.
- FY2027-H1MitigatedAnnual report
「On a profit basis, both operating profit and ordinary profit substantially exceeded the year-earlier period, reflecting cost reductions in general expenses and other factors. As a result, for the interim accounting period, net sales were ¥4,811 million, up 9.5% year on year; operating profit was ¥289 million, up 63.0%; ordinary profit was ¥306 million, up 54.5%; and interim net profit was ¥219 million, up 70.7%.」
Cost reductions in general expenses and other measures lifted net sales, operating profit, ordinary profit and interim net profit above the year-earlier period, marking an improvement from the period when profits were pressured by higher costs and impairment losses. - FY2026MitigatedAnnual report
「Performance substantially exceeded the year-earlier period because the acquisition of Ryouhin Kaikan was included for the first time for a full fiscal year, new stores were opened as planned, and the core fashion, hobby and tool merchandise all grew steadily, contributing to higher sales at existing stores. Revenue was ¥9,330 million, up 19.3% year on year, and gross profit was ¥4,843 million, up 17.3%. Profit measures also exceeded the year-earlier period, with operating profit of ¥507 million, up 20.1%; ordinary profit of ¥546 million, up 17.3%; and net profit of ¥358 million, up 9.0%.」
The company reports improvement from the period of earnings pressure caused by past e-commerce-related expenses, store closures and impairments, with full-year contribution from Ryouhin Kaikan, new store openings and growth in core merchandise resulting in revenue and each profit measure exceeding the year-earlier period. - FY2026-H1WorsenedAnnual report
「On the earnings side, higher costs, including increased personnel expenses associated with introducing new point-of-sale registers and opening new stores, caused operating profit and ordinary profit to fall below the year-earlier period. However, these costs were included in the initial plan, and results for the six-month period were broadly in line with expectations.」
Although revenue increased 25.5% year on year, operating profit fell 7.9% and ordinary profit fell 1.1% due to higher personnel expenses associated with introducing new point-of-sale registers and opening new stores, with earnings pressure appearing in the results. - FY2025WorsenedAnnual report
「As a result, the company recorded record-high revenue for the fiscal year. However, all profit measures fell below the previous fiscal year because investments and increases in prices and personnel expenses raised selling, general and administrative expenses. Revenue was ¥7,822 million, up 16.1% year on year; operating profit was ¥422 million, down 14.8%; ordinary profit was ¥465 million, down 11.1%; and net profit was ¥328 million, down 8.9%.」
Although revenue reached a record high, operating profit, ordinary profit and net profit fell below the previous fiscal year because investments and increases in prices and personnel expenses raised selling, general and administrative expenses. - FY2025-H1WorsenedAnnual report
「On the earnings side, selling, general and administrative expenses have increased substantially due to store-opening costs and higher personnel expenses, putting pressure on earnings, but the expansion of the business base is contributing to higher operating earnings going forward.」
The company is expanding its business base while reporting a situation in which higher selling, general and administrative expenses caused by store-opening costs and increased personnel expenses are putting pressure on earnings. - FY2024MitigatedAnnual report
「As a result, the company achieved record-high results not only in revenue but also across all profit measures for the fiscal year. Revenue was ¥6,739 million, up 14.9% year on year; operating profit was ¥495 million, up 27.9%; ordinary profit was ¥523 million, up 24.5%; and net profit was ¥360 million, up 31.6%.」
The company reports improvement from the period of earnings pressure caused by past e-commerce-related expenses, store closures and impairments, and personnel expenses, with revenue and each profit measure reaching record highs. - FY2024-Q3MitigatedAnnual report
「As a result, revenue for the nine months ended 31 December was ¥4,884 million, up 15.4% year on year; operating profit was ¥370 million, up 31.3%; ordinary profit was ¥392 million, up 26.9%; and net profit for the quarter was ¥251 million, up 32.7%.」
Revenue and each profit measure increased year on year, with improvement from the period of earnings pressure caused by past e-commerce-related expenses, store closures, impairments and other factors continuing. - FY2024-Q2MitigatedAnnual report
「As a result, revenue for the six months ended 30 September was ¥3,217 million, up 16.3% year on year; operating profit was ¥224 million, up 35.6%; ordinary profit was ¥238 million, up 31.2%; and net profit for the quarter was ¥152 million, up 37.2%.」
Revenue and each profit measure exceeded the year-earlier period, with improvement from the period of earnings pressure caused by past increases in expenses, impairments and other factors continuing. - FY2024-Q1MitigatedAnnual report
「As a result, revenue for the three months ended 30 June was ¥1,588 million, up 15.0% year on year; operating profit was ¥137 million, up 23.1%; ordinary profit was ¥144 million, up 21.4%; and net profit for the quarter was ¥92 million, up 26.9%.」
Revenue and each profit measure increased year on year, with improvement from the period of earnings pressure caused by past increases in expenses, impairments and other factors continuing. - FY2023MitigatedAnnual report
「As a result, the company achieved record-high revenue for the fiscal year. Revenue was ¥5,865 million, up 18.5% year on year; operating profit was ¥387 million, up 98.5%; ordinary profit was ¥420 million, up 92.1%; and net profit was ¥273 million, up 123.1%.」
The company reports a substantial improvement in performance from the period of earnings pressure caused by past e-commerce-related expenses, store closures and impairments, and personnel expenses, including record-high revenue. - FY2023-Q3MitigatedAnnual report
「As a result, revenue for the nine months ended 31 December was ¥4,233 million, up 19.2% year on year; operating profit was ¥282 million, up 163.4%; ordinary profit was ¥309 million, up 146.3%; and net profit for the quarter was ¥189 million, up 148.9%.」
Revenue and each profit measure increased year on year, with operating profit, ordinary profit and net profit for the quarter all improving substantially. - FY2023-Q2MitigatedAnnual report
「As a result, revenue for the six months ended 30 September was ¥2,767 million, up 18.5% year on year; operating profit was ¥165 million, up 249.6%; ordinary profit was ¥181 million, up 209.9%; and net profit for the quarter was ¥111 million, up 280.3%.」
Revenue and each profit measure exceeded the year-earlier period, with operating profit, ordinary profit and net profit for the quarter all improving substantially. - FY2023-Q1MitigatedAnnual report
「As a result, revenue for the three months ended 30 June was ¥1,381 million, up 16.9% year on year; operating profit was ¥111 million, up 58.4%; ordinary profit was ¥119 million, up 55.3%; and net profit for the quarter was ¥72 million, up 63.7%.」
Against a backdrop of recovering foot traffic and strong sales of core and secondary merchandise, revenue, operating profit, ordinary profit and net profit for the quarter exceeded the year-earlier period, with improvement from the period of earnings pressure continuing. - FY2022MitigatedAnnual report
「As a result, revenue for the fiscal year was ¥4,950 million, up 1.2% year on year; operating profit was ¥195 million, up 55.0%; ordinary profit was ¥219 million, up 50.3%; and net profit was ¥122 million, up 20.0%.」
The company has moved from a period of earnings pressure caused by past e-commerce-related expenses, store impairments and other factors to a period of improvement, with revenue, operating profit, ordinary profit and net profit all exceeding the previous fiscal year. It also recorded an impairment loss of ¥17 million and other expenses. - FY2022-Q3MitigatedAnnual report
「As a result, revenue for the nine months ended 31 December was ¥3,552 million, up 0.2% year on year; operating profit was ¥107 million, up 35.8%; ordinary profit was ¥125 million, up 34.5%; and net profit for the quarter was ¥76 million, up 18.7%.」
Revenue exceeded the year-earlier period, and the decrease in selling, general and administrative expenses resulting from expense reductions also contributed, resulting in operating profit, ordinary profit and net profit for the quarter all exceeding the year-earlier period. - FY2022-Q2WorsenedAnnual report
「Revenue slightly exceeded the year-earlier period. Although secondary merchandise such as branded products performed poorly due to the impact of COVID-19, hobby products and tools performed steadily. Monthly sales of the core fashion merchandise fluctuated significantly, but cumulative sales exceeded the year-earlier period. In addition, ongoing efforts to reduce expenses, including optimizing store staffing shifts and eliminating unnecessary costs, brought selling, general and administrative expenses below the year-earlier period, and operating profit exceeded the year-earlier period. However, the company recorded losses on disposal of fixed assets and impairment losses under extraordinary gains and losses, causing net profit for the quarter to fall below the year-earlier period.」
Although expense reductions improved operating profit and ordinary profit, net profit for the quarter fell below the year-earlier period because losses on disposal of fixed assets and impairment losses were recorded, with earnings pressure from extraordinary losses emerging again. - FY2022-Q1MitigatedAnnual report
「As a result, revenue for the three months ended 30 June was ¥1,181 million, up 3.7% year on year; operating profit was ¥70 million, up 238.1%; ordinary profit was ¥76 million, up 196.1%; and net profit for the quarter was ¥44 million, up 202.7%.」
Revenue increased 3.7% year on year, while improvements in the gross margin and expense reductions resulted in operating profit, ordinary profit and net profit for the quarter substantially exceeding the year-earlier period. Improvement from the period of earnings pressure is continuing. - FY2021MitigatedAnnual report
「As a result, revenue for the fiscal year was ¥4,893 million, essentially unchanged from the year-earlier period; operating profit was ¥125 million, up 15.7% year on year; ordinary profit was ¥145 million, up 18.2%; and net profit was ¥102 million, up 61.4%.」
While revenue was broadly flat, operating profit, ordinary profit and net profit all exceeded the previous fiscal year, indicating continued improvement from the period of earnings pressure. - FY2021-Q3MitigatedAnnual report
「Revenue slightly exceeded the year-earlier period. Although the core fashion merchandise performed poorly due to the impact of COVID-19 and other factors, tools, media and branded merchandise performed steadily. In addition, efforts to reduce expenses brought selling, general and administrative expenses below the year-earlier period, and operating profit consequently exceeded the year-earlier period. As a result, revenue for the nine months ended 31 December was ¥3,545 million, up 0.6% year on year; operating profit was ¥78 million, up 49.4%; ordinary profit was ¥93 million, up 49.0%; and net profit for the quarter was ¥64 million, up 88.8%.」
Although fashion performed poorly, tools, media and branded merchandise performed steadily, and expense reductions also contributed, resulting in revenue, operating profit, ordinary profit and net profit for the quarter all exceeding the year-earlier period. - FY2021-Q2MitigatedAnnual report
「As a result, revenue for the six months ended 30 September was ¥2,317 million, up 0.4% year on year; operating profit was ¥34 million, up 447.3%; ordinary profit was ¥43 million, up 258.8%; and net profit for the quarter was ¥31 million, up 552.2%.」
Despite the impact of COVID-19, revenue slightly exceeded the year-earlier period, while operating profit, ordinary profit and net profit for the quarter all improved from the year-earlier period. - FY2020MitigatedAnnual report
「As a result, revenue for the fiscal year was ¥4,893 million, up 3.2% year on year; operating profit was ¥108 million, up 219.4%; ordinary profit was ¥123 million, up 147.2%; and net profit was ¥63 million, up 404.5%.」
Revenue, operating profit, ordinary profit and net profit all improved from the previous fiscal year, when earnings were pressured by personnel expenses, store-opening costs and other expenses. The company also recorded an impairment loss of ¥13 million. - FY2020-Q3MitigatedAnnual report
「Although sales of the core fashion merchandise were weak, sales of tools, hobby products, precious metals and gift certificates were strong, resulting in revenue exceeding the year-earlier period. On the earnings side, the gross profit margin improved, absorbing the increase in selling, general and administrative expenses, and operating profit consequently exceeded the year-earlier period. As a result, revenue for the nine months ended 31 December was ¥3,525 million, up 2.7% year on year; operating profit was ¥52 million, compared with an operating loss of ¥7 million in the year-earlier period; ordinary profit was ¥62 million, up 845.0% year on year; and net profit for the quarter was ¥33 million, compared with a net loss of ¥4 million in the year-earlier period.」
Strong sales of tools, hobby products, precious metals and gift certificates and the improved gross profit margin resulted in revenue increasing 2.7% year on year, while operating profit, ordinary profit and net profit for the quarter all improved from losses or low profit levels in the year-earlier period. - FY2020-Q2MitigatedAnnual report
「Although sales of the core fashion and smartphone merchandise were weak, sales of tools, hobby products and gift certificates were strong, resulting in revenue exceeding the year-earlier period. On the earnings side, the gross profit margin improved, absorbing the increase in selling, general and administrative expenses, and operating profit consequently exceeded the year-earlier period. As a result, revenue for the six months ended 30 September was ¥2,307 million, up 3.4% year on year; operating profit was ¥6 million, compared with an operating loss of ¥32 million in the year-earlier period; ordinary profit was ¥12 million, compared with an ordinary loss of ¥22 million; and net profit for the quarter was ¥4 million, compared with a net loss of ¥14 million.」
Strong sales of tools, hobby products and gift certificates and the improved gross profit margin resulted in revenue increasing 3.4% year on year, while operating profit, ordinary profit and net profit for the quarter all turned from losses in the year-earlier period to profits. - FY2020-Q1MitigatedAnnual report
「Revenue exceeded the same period of the previous year, supported by sales from the company's multi-store tools specialty format. Although SG&A expenses increased due to higher labor and other costs, the increase in gross profit absorbed the higher expenses, causing operating income to exceed the same period of the previous year. As a result, revenue for the cumulative first quarter was ¥1,183 million, up 3.1% year on year; operating income was ¥38 million, up 44.3%; ordinary income was ¥41 million, up 39.7%; and quarterly net income was ¥22 million, up 29.8%.」
The contribution from the specialty tool stores and the increase in gross profit absorbed higher costs, resulting in revenue, operating profit, ordinary profit and net profit for the quarter all exceeding the year-earlier period. - FY2019WorsenedAnnual report
「Although gross profit improved, it was insufficient to cover higher labor costs and various new store opening expenses, causing operating income, ordinary income and net income to fall below the same period of the previous year. Compared with the previous fiscal year, operating income decreased by ¥93 million to ¥34 million, down 73.2% year on year; ordinary income decreased by ¥88 million to ¥49 million, down 64.0%; and net income decreased by ¥56 million to ¥12 million, down 81.9%.」
Although revenue and gross profit improved, higher labor costs and various new store opening expenses caused operating income, ordinary income and net income to fall below the previous fiscal year. - FY2019-Q3WorsenedAnnual report
「Although fashion and hobby products, the core merchandise categories, were weak, tools, household goods and mobile phones performed well, causing revenue to edge above the same period of the previous year. SG&A expenses increased due to higher labor costs and new store opening costs, causing operating income, ordinary income and quarterly net income to fall below the same period of the previous year. As a result, revenue for the cumulative third quarter was ¥3,432 million, unchanged year on year; operating loss was ¥7 million, compared with operating income of ¥98 million; ordinary income was ¥6 million, down 93.9%; and quarterly net loss was ¥4 million, compared with quarterly net income of ¥66 million.」
Although revenue was essentially flat, the company reported an operating loss of ¥7 million and a quarterly net loss of ¥4 million, turning from profits in the same period of the previous year to losses. In addition to labor costs and new store opening costs, the company recorded an impairment loss of ¥13.150 million at the Toyota 248 store and a cancellation penalty of ¥4.092 million. - FY2019-Q2WorsenedAnnual report
「Tools, household goods and precious metals performed well, but revenue fell below the same period of the previous year because fashion and hobby products, the core merchandise categories, were weak. SG&A expenses increased due to higher labor costs and new store opening costs, causing operating income, ordinary income and quarterly net income to fall below the same period of the previous year. As a result, revenue for the cumulative second quarter was ¥2,232 million, down 0.3% year on year; operating loss was ¥32 million, compared with operating income of ¥24 million; ordinary loss was ¥22 million, compared with ordinary income of ¥31 million; and quarterly net loss was ¥14 million, compared with quarterly net income of ¥20 million.」
Weakness in the core fashion and hobby categories, together with higher labor costs and new store opening costs, caused revenue to decline 0.3% year on year and operating income, ordinary income and net income to turn from profits into losses. - FY2019-Q1WorsenedAnnual report
「Tools, household goods and precious metals performed well, but revenue fell slightly below the same period of the previous year because fashion and hobby products, the core merchandise categories, were somewhat weak. SG&A expenses increased due to higher labor costs and costs for new store openings, causing operating income to fall below the same period of the previous year. As a result, revenue for the cumulative first quarter was ¥1,148 million, down 0.5% year on year; operating income was ¥26 million, down 13.5%; ordinary income was ¥29 million, down 10.7%; and quarterly net income was ¥17 million, down 15.3%.」
Revenue fell 0.5% year on year and operating income fell 13.5%. Higher labor costs and new store opening costs increased SG&A expenses and weighed on earnings. - FY2018MitigatedAnnual report
「Revenue at the women's fashion specialty store WHY NOT Midori and in the home appliance and tools divisions remained solid, but revenue fell below the previous fiscal year because sales of fashion products, the core merchandise category at existing stores, stagnated from autumn onward. Higher gross margin and cost reductions contributed to profit, which exceeded the previous fiscal year.」
Although revenue declined, higher gross margin and cost reductions lifted operating income, ordinary income and net income above the previous year, indicating an improvement from the earlier period in which earnings were under pressure. - FY2018-Q3MitigatedAnnual report
「As a result, revenue for the cumulative third quarter was ¥3,432 million, down 5.1% year on year; operating income was ¥98 million, compared with an operating loss of ¥31 million in the same period of the previous year; ordinary income was ¥108 million, compared with an ordinary loss of ¥25 million; and quarterly net income was ¥66 million, up 2,414.5% year on year.」
Although revenue declined 5.1% year on year, operating income and ordinary income turned from losses into profits, and quarterly net income increased to ¥66 million. - FY2018-Q2MitigatedAnnual report
「Revenue at existing stores remained solid, as fashion and hobby products, the core merchandise categories, as well as newly emphasized home appliances and tools performed well. However, revenue fell below the same period of the previous year following the closure of underperforming stores in the previous fiscal year. Although the company actively pursued cost reductions, SG&A expenses declined and operating income exceeded the same period of the previous year. As a result, revenue for the cumulative second quarter was ¥2,238 million, down 6.9% year on year; operating income was ¥24 million, compared with an operating loss of ¥58 million; ordinary income was ¥31 million, compared with an ordinary loss of ¥52 million; and quarterly net income was ¥20 million, compared with a quarterly net loss of ¥39 million.」
Although revenue fell below the same period of the previous year, operating income, ordinary income and quarterly net income all turned from losses into profits due to lower SG&A expenses resulting from cost reductions. - FY2018-Q1MitigatedAnnual report
「Although the company actively pursued cost reductions and the implementation of its store exterior renovation plan was delayed, SG&A expenses declined, causing operating income to exceed the same period of the previous year. As a result, revenue for the cumulative first quarter was ¥1,153 million, down 8.4% year on year; operating income was ¥30 million, up 565.0%; ordinary income was ¥32 million, up 356.0%; and quarterly net income was ¥20 million, up 586.9%.」
The company shifted from a period in which rising costs weighed on earnings in the previous fiscal year to a period in which lower SG&A expenses lifted operating income, ordinary income and quarterly net income above the same period of the previous year. - FY2017WorsenedAnnual report
「As a result, revenue for the fiscal year was ¥4,910 million, down 13.8% year on year; operating income was ¥23 million, down 87.2%; ordinary income was ¥32 million, down 83.6%; and net income was ¥12 million, down 83.3%.」
For the full fiscal year, revenue, operating income, ordinary income and net income all fell below the previous year, confirming a decline in earnings. - FY2017-Q3WorsenedAnnual report
「As a result, revenue for the cumulative third quarter was ¥3,617 million, down 13.6% year on year; operating loss was ¥31 million, compared with operating income of ¥108 million in the same period of the previous year; ordinary loss was ¥25 million, compared with ordinary income of ¥119 million; and quarterly net income was ¥2 million, down 91.8% year on year.」
Revenue declined 13.6% year on year, while the company reported operating and ordinary losses. Quarterly net income also fell 91.8% year on year. - FY2017-Q2WorsenedAnnual report
「Although the company actively pursued cost reductions, SG&A expenses could not be reduced in line with the decline in earnings because of higher costs for introducing a new store management system and removal and new store opening costs associated with an active scrap-and-build strategy. As a result, revenue for the cumulative second quarter was ¥2,405 million, down 12.3% year on year; operating loss was ¥58 million, compared with operating income of ¥46 million in the same period of the previous year; ordinary loss was ¥52 million, compared with ordinary income of ¥52 million; and quarterly net loss was ¥39 million, compared with quarterly net income of ¥26 million.」
Revenue fell 12.3% year on year, while operating income, ordinary income and net income all turned into losses. System implementation costs and expenses associated with store closures and openings weighed on earnings. - FY2017-Q1WorsenedAnnual report
「Revenue fell below the same period of the previous year due to declines in package media-related products such as games, for which the company is strategically reducing floor space, as well as luxury watches and mobile phones. Although the company actively pursued cost reductions, operating income, ordinary income and quarterly net income fell below the same period of the previous year because selling, general and administrative expenses increased due to higher costs for introducing a new store management system. As a result, revenue for the cumulative first quarter was ¥1,259 million, down 9.9% year on year; operating income was ¥4 million, down 93.1%; ordinary income was ¥7 million, down 89.4%; and quarterly net income was ¥2 million, down 91.9%.」
Revenue, operating income, ordinary income and quarterly net income fell below the same period of the previous year, due to declines in package media and other products and higher SG&A expenses resulting from the cost of introducing a new store management system. - FY2016First statedAnnual report
「Sales remained firm as the core fashion and hobby categories performed well. However, selling, general and administrative expenses rose sharply due to increased EC-related spending, including the redesign of the website for home-delivery purchasing, which has been strengthened since the current fiscal year. As a result, operating income and ordinary income declined, and net income declined sharply because the Company recorded an impairment loss on 買取王国寝屋川店 in Neyagawa, Osaka Prefecture.」
Although revenue increased, profit declined due to higher EC-related costs and an impairment loss at the Neyagawa store.