Strengthening Order Securing, Production Systems and Promotion in the Textile Business
First written in FY2016. 6 of 12 entries say "Restated". Latest entry: FY2020-Q3.
The whole theme swung hardest in 2020: 2 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2020-Q3DroppedAnnual report
「As announced on 13 November 2019, the Company decided to discontinue its textile business as of 31 March 2020 because the business became extremely difficult to continue due to factors including the closure of major suppliers and a lack of successors amid the recent deterioration in the operating environment for embroidered lace.」
The Company shifted from a policy of continuing to secure orders, maintain production capacity and strengthen sales promotion in the textile business to a policy of discontinuing the business itself effective 31 March 2020. - FY2020-Q2RestatedAnnual report
「In the textile business, demand for lace materials remained weak and conditions were extremely difficult. The Company sought to stimulate demand by accumulating orders for special products in small lots. It also developed autumn/winter samples in the hope of securing orders, but sales fell short of the target. Consequently, revenue decreased 14.0% year on year to ¥15.971 million, and the business posted an operating loss of ¥1.513 million, compared with an operating loss of ¥0.562 million in the same quarter of the previous year.」
The Company continued efforts to stimulate demand through orders for special products in small lots and development of autumn/winter samples, but sales fell short of the target, resulting in lower revenue and an operating loss. - FY2019RestatedAnnual report
「Going forward, the Company will focus on proposals for sales-promotion products and continue strengthening sales promotion activities.」
The Company continues its policy of strengthening product proposals and sales promotion in the textile business. - FY2019-Q3AdvancedAnnual report
「In the textile business, demand for lace materials remained weak and conditions continued to be difficult. The Company continued to perform well in autumn orders for apparel manufacturers and began mass production of relatively strong spring/summer products in December 2018, but the order lots were too small to achieve planned sales. Consequently, revenue decreased 12.9% year on year to ¥34.869 million, while operating profit decreased 61.7% to ¥1.008 million.」
Mass production of spring/summer products began in December 2018, representing concrete progress, but the order lots were small and planned sales were not achieved. - FY2019-Q2RestatedAnnual report
「In the textile business, demand for lace materials remained weak and conditions continued to be difficult. The Company continued to perform well in autumn orders for apparel manufacturers, and requests for spring/summer samples for the following year were relatively strong. However, changing fashion trends did not readily recover, and the fashion trend centered on lace materials failed to regain momentum. Consequently, revenue decreased 9.9% year on year to ¥18.561 million, and the business posted an operating loss of ¥0.562 million, compared with operating profit of ¥0.219 million in the same quarter of the previous year.」
The Company continued efforts through autumn orders and requests for samples for the following year's spring/summer products, but declining demand for lace materials and changing fashion trends continued, resulting in an operating loss. - FY2019-Q1RestatedAnnual report
「In the textile business, demand for lace materials remained weak and conditions continued to be difficult. Although the Company performed well in autumn orders for apparel manufacturers, orders for midsummer cotton lace, normally a core product at this time of year, were almost nonexistent and failed to grow. Consequently, revenue decreased 23.2% year on year to ¥10.016 million, and the business posted an operating loss of ¥0.331 million, compared with operating profit of ¥0.478 million in the same quarter of the previous year.」
The Company performed well in autumn orders, but weak demand for lace materials and sluggish orders for midsummer cotton lace continued, resulting in lower revenue and an operating loss. - FY2018RestatedAnnual report
「Going forward, the Company will focus on proposals for sales-promotion products, improve products that performed poorly last year and continue strengthening sales promotion activities by developing proposals aligned with fashion trends.」
The Company continues its policy of strengthening product proposals and sales promotion activities in the textile business. - FY2018-Q3AdvancedAnnual report
「While the core standard cotton lace business continued to struggle, the number of custom products based on original designs for major apparel companies showed a slight increase despite smaller production lots. Multicolored embroidered products, including ethnic-style designs, remained popular, supporting performance ahead of the upcoming spring/summer selling season. However, revenue decreased 31.5% year on year to ¥40.050 million, while operating profit decreased 45.2% to ¥2.635 million.」
The number of custom orders increased slightly and multicolored embroidered products gained popularity, but the continued struggle of standard cotton lace reduced revenue and operating profit. - FY2018-Q2RestatedAnnual report
「The textile business continued to be significantly affected by changing fashion trends in the women's apparel industry. The downward trend that began in the previous consolidated fiscal year showed no signs of improvement, and orders for lace materials continued to become smaller. Against this backdrop, the Company continued to perform well in multicolored embroidered products from the first quarter. Large ethnic-style floral patterns were particularly popular, helping attract repeat customers, mainly among casual-fashion enthusiasts. However, revenue decreased 39.2% year on year to ¥20.595 million, while operating profit decreased 88.3% to ¥0.219 million.」
The Company is working to attract repeat customers with multicolored embroidered products and specific designs, but smaller orders and changing fashion trends continue. - FY2017-Q3AdvancedAnnual report
「In the textile business, the Company secured orders for custom-made and off-the-shelf sale items for summer and midsummer products in the first quarter, and large orders for cotton lace, mainly custom-made products for major apparel companies, in the second quarter. However, fashion trends began to change in April 2016, reducing total lace orders. Consequently, revenue decreased 6.0% year on year to ¥58.450 million, while operating profit decreased 19.4% to ¥4.811 million.」
The Company secured custom-made and large orders in the first and second quarters, but changing fashion trends reduced total lace orders, resulting in lower revenue and operating profit than in the same period of the previous year. - FY2017-Q2AdvancedAnnual report
「A large custom order for spring/summer cotton lace received in August helped increase sales in the current second quarter, but a sharp decline in orders for midsummer cotton lace, which had performed well in the previous year, weighed on results. Consequently, revenue decreased 26.2% year on year to ¥33.881 million, while operating profit decreased 57.9% to ¥1.872 million.」
Although the Company won a large custom order, the sharp decline in midsummer orders reduced revenue and operating profit for the business as a whole. - FY2016First statedAnnual report
「The Company will secure production facilities during the busy season and enforce delivery schedule management. From June 2016, it will develop products for the second-half order pipeline and conduct sales promotion activities in preparation for apparel spring/summer trade shows.」
The specific measures are securing production facilities, managing delivery schedules, developing planned products and conducting sales promotion for trade shows.