Downside risk to reported sales from shipping delays and changes in fulfillment pace
First written in FY2020-Q1. 3 of 6 entries say "Restated". Latest entry: FY2023.
Felissimo moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 5 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2023RestatedAnnual report
「In addition to the impact of cold weather in early spring 2022 on orders for spring fashion merchandise, delays in merchandise procurement associated with the lockdown in Shanghai, China, in late March of the same year affected the business, resulting in a decrease in shipments to customers.」
The impact on orders for spring merchandise and procurement delays and lower shipments associated with the Shanghai lockdown were cited as factors affecting full-year performance. - FY2023-Q3RestatedAnnual report
「In addition to the impact of cold weather in early spring on orders for spring fashion products, shipments to customers decreased because delays in product procurement caused by the lockdown (citywide lockdown) in Shanghai, China, which began in late March, had an impact.」
The number of shipments to customers decreased due to delays in merchandise procurement, and factors weighing on revenue from differences in shipping pace and supply delays continue. - FY2023-Q2RestatedAnnual report
「In addition to the impact of cold weather in early spring on orders for spring fashion products, shipments to customers decreased because delays in product procurement caused by the lockdown (citywide lockdown) in Shanghai, China, which began in late March, had an impact.」
The number of shipments to customers decreased due to delays in merchandise procurement, and factors weighing on revenue from differences in shipping pace and supply delays continued during the cumulative period of the quarter. - FY2023-Q1MaterialisedAnnual report
「Shipments to customers were delayed because delays in product procurement caused by the lockdown (citywide lockdown) in Shanghai, China, which began in late March, had an impact.」
Delays in shipping to customers actually occurred due to delays in merchandise procurement, and the risk of downward pressure on reported revenue from differences in shipping pace materialized. - FY2021-Q1MaterialisedAnnual report
「The number of shipments increased due to an increase in separately shipped parcels resulting from delays in procuring merchandise caused by COVID-19, among other factors, and selling expenses such as merchandise shipping costs consequently increased.」
Delays in merchandise procurement due to COVID-19 and the resulting increases in separately shipped parcels and total shipments actually occurred. The risks of shipping delays and differences in shipping pace materialized as higher logistics costs. - FY2020-Q1First statedAnnual report
「Although there were also some shipping delays, sales for the cumulative first quarter declined year on year. As a result of these activities, the Group's revenue for the cumulative first quarter was ¥6,864 million, down 1.9% year on year. The decline in revenue from the previous year was mainly due to differences in the shipping pace of the regular-delivery (collection) business during the period.」
Although orders exceeded the previous year, revenue declined 1.9% year on year due to shipping delays and differences in shipping pace. The shipping-related risk materialized as actual downward pressure on revenue in the quarter.