Sluggish Domestic Apparel Market and Consumers’ Focus on Saving
First written in FY2016. 16 of 26 entries say "Restated". Latest entry: FY2026.
Seiren moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 5 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「On a non-consolidated basis, materials for sports and outdoor applications performed well, while fashion apparel remained sluggish.」
Strong performance in sports and outdoor materials and sluggishness in fashion apparel were reflected in business results. - FY2024-Q3RestatedAnnual report
「Although some department-store brands in fashion apparel showed a recovery from the pandemic, both sports apparel and innerwear apparel struggled.」
While some department-store brands recovered, challenging conditions continued across the market, including sportswear and innerwear apparel. - FY2024-Q1WorsenedAnnual report
「Although some department-store brands in fashion apparel showed a recovery from the pandemic, apparel, including sportswear and innerwear, all struggled.」
While some department-store brands recovered, the apparel market as a whole, including sportswear and innerwear, was described as struggling. - FY2023-Q3RestatedAnnual report
「Fashion apparel also saw a recovery from the pandemic among some department-store brands. In particular, sales of recycled PET and biodegradable products increased as interest in environmentally friendly products grew.」
The company continues to describe recovery among some department-store brands and increased sales of recycled PET and biodegradable products. - FY2023-Q2Recovery in some brands and growth in environmentally friendly productsAnnual report
「Fashion apparel also saw a recovery from the pandemic among some department-store brands. In particular, sales of recycled PET and biodegradable products increased as interest in environmentally friendly products grew.」
Some department-store brands recovered from the pandemic, and sales of recycled PET and biodegradable products increased. - FY2023-Q1WorsenedAnnual report
「Consumer sentiment for fashion apparel and innerwear apparel did not return to pre-pandemic levels, and growth remained sluggish. In addition, the yarn sales business at ＫＢセーレン㈱ was significantly affected by higher energy and raw-material prices. As consolidation progresses in the apparel industry, established brands and major apparel companies in Japan and overseas have been undertaking major reductions in store numbers, and competition for survival is becoming increasingly intense.」
Consumer sentiment did not return to pre-pandemic levels, the yarn sales business was affected by higher costs, and competition in the apparel industry continued to intensify. - FY2022-Q2RestatedAnnual report
「However, as consolidation progresses in the apparel industry, established brands and major apparel companies in Japan and overseas have been undertaking major reductions in store numbers, and competition for survival is becoming increasingly intense.」
The company continues to recognize that major reductions in store numbers and intensifying competition are continuing in the apparel industry. - FY2022-Q1RestatedAnnual report
「However, as consolidation progresses in the apparel industry, established brands and major apparel companies in Japan and overseas have been undertaking major reductions in store numbers, and competition for survival is becoming increasingly intense.」
The company continues to describe store closures and intensifying competition in the apparel industry. - FY2021WorsenedAnnual report
「Customers that missed sales opportunities have increased inventories and restrained upfront investment, among other developments, and it is expected to take considerable time for the business environment to recover.」
The company continues to recognize that the apparel market has seen higher inventories and restrained upfront investment, and that recovery will take considerable time. Revenue in the high-fashion business fell 33.6% from the previous fiscal year. - FY2021-Q3RestatedAnnual report
「Customers that missed sales opportunities have increased inventories and restrained upfront investment, among other developments, and it is expected to take considerable time for the business environment to recover.」
The company continues to recognize that, in the apparel market, higher customer inventories and restrained upfront investment have occurred in addition to lost sales opportunities, and that recovery will take considerable time. - FY2021-Q2WorsenedAnnual report
「For customers that missed sales opportunities for the spring/summer 2020 season, it is expected to take considerable time for the business environment to recover, due to factors including higher inventories and restrained upfront investment.」
In the apparel market, in addition to lost sales opportunities, customers experienced higher inventories and restrained upfront investment, and it is stated that recovery in the business environment will take considerable time. - FY2021-Q1MaterialisedAnnual report
「As consolidation progresses in the apparel industry, established brands and major apparel companies in Japan and overseas have experienced bankruptcies, while major reductions in store numbers have been seen. Competition for survival is becoming increasingly intense. In this environment, the sports apparel, fashion apparel and innerwear apparel customers of the BtoB business all struggled, and our group saw revenue decline as a result of lower order volumes for apparel textiles and products, cancellations and postponements, and the suspension of new product planning.」
Bankruptcies and store closures in the apparel industry, together with difficulties faced by business partners, materialized as lower order volumes, cancellations and postponements, the suspension of new product planning, and lower revenue. - FY2020-Q3RestatedAnnual report
「However, the apparel market as a whole remained challenging, and the segment as a whole posted lower revenue and profit year on year.」
The challenging apparel-market environment continued, and the high-fashion business posted lower revenue and profit year on year. - FY2020-Q2RestatedAnnual report
「However, the apparel market as a whole remained challenging, and the segment as a whole posted lower revenue and profit year on year.」
The challenging apparel-market environment continued, and the high-fashion business posted lower revenue and profit year on year. - FY2020-Q1RestatedAnnual report
「However, the apparel market as a whole remained challenging, and the segment as a whole posted lower revenue and profit year on year.」
The challenging domestic apparel market continued, and the high-fashion business posted lower revenue and profit year on year. - FY2019RestatedAnnual report
「Although the apparel market remained challenging, the segment as a whole posted higher revenue and profit than in the previous fiscal year, due to expanded sales of high-value-added products and reduced upfront costs in the BtoC business.」
While the domestic apparel market remained challenging, the high-fashion business posted higher revenue and profit due in part to expanded sales of high-value-added products. - FY2019-Q3RestatedAnnual report
「The segment as a whole was affected by the challenging domestic apparel market, but revenue and profit increased year on year due to expanded sales of high-value-added products and reduced upfront costs.」
Although the impact of the challenging domestic apparel market continued, revenue and profit increased due to expanded sales of high-value-added products and reduced upfront costs. - FY2019-Q2ReframedAnnual report
「In Japan, as consumer purchasing patterns undergo major changes, the apparel brands that are our group's main customers continue to face a challenging environment.」
The wording changed from the previous expression, “preference for saving,” to “major changes in consumer purchasing patterns,” while the challenging environment surrounding apparel brands continued. - FY2019-Q1RestatedAnnual report
「In Japan, as consumers continue to favor saving, the apparel brands that are our group's main customers continue to face a challenging environment.」
Consumers' preference for saving and the challenging environment surrounding domestic apparel brands have continued. - FY2018-Q3RestatedAnnual report
「In the domestic business, consumers' preference for saving remains strong, and the environment surrounding the domestic apparel brands that are our group's main customers remains challenging.」
Consumers' preference for saving and the challenging environment surrounding domestic apparel brands have continued. - FY2018-Q2RestatedAnnual report
「In Japan, consumers' preference for saving remains strong, and the environment surrounding the domestic apparel brands that are our group's main customers remains challenging.」
Consumers' preference for saving and the challenging environment surrounding domestic apparel brands have continued. - FY2018-Q1RestatedAnnual report
「In Japan, consumers' preference for saving remains strong, and the environment surrounding the domestic apparel brands that are our group's main customers remains challenging.」
Consumers' preference for saving and the challenging environment surrounding domestic apparel brands have continued. - FY2017-Q3RestatedAnnual report
「In Japan, consumers' preference for saving remains strong, and the environment surrounding the domestic apparel brands that are our group's main customers remains increasingly challenging. In our group's textile and product sales business for fashion apparel, we have responded to customer needs and performed solidly by combining differentiated designs planned using life-size CAD to depict specific product images, including those created with “VISCOTECS®,” with the group's integrated capabilities from yarn to sewing, enabling optimal production in small lots, with short lead times and no inventory. However, affected by the overall weakness in consumer sentiment, this was not enough to offset the decline in volume, and revenue and profit fell year on year.」
The continued preference for saving among consumers and weak consumer sentiment continued to result in lower apparel volumes, revenue and profit. - FY2017-Q2RestatedAnnual report
「In Japan, consumers' preference for saving remains strong, and the environment surrounding the domestic apparel brands that are our group's main customers remains increasingly challenging.」
Consumers' preference for saving and the challenging environment surrounding domestic apparel brands have continued. - FY2017-Q1MaterialisedAnnual report
「Consumers' preference for saving remains strong, and the environment surrounding the domestic apparel brands that are our group's main customers remains increasingly challenging. In our group's textile and product sales business for fashion apparel, sales volume declined, resulting in lower revenue and profit year on year.」
Consumers' preference for saving continued, resulting in lower sales volume and lower revenue and profit in the high-fashion business. - FY2016First statedAnnual report
「The environment surrounding the domestic apparel brands that are the Group’s major customers remains increasingly difficult, as the rise of overseas fast-fashion brands coincides with consumers’ thrift-oriented behavior.」
The difficult market environment is identified as a risk linked to lower sales and earnings in the domestic apparel business.