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Jichodo (3597) · FactDecline in air-conditioned clothing sales after the prior-year surge and sluggish sales due to a prolonged rainy season

Opportunity to expand demand for workwear driven by the Tokyo Olympics and measures against extreme heat

First written in FY2018. 6 of 14 entries say "Restated". Latest entry: FY2026.

14entries
9years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2021-Q1 – FY2022-Q1AdvancedFY2022RestatedFY2024-Q3 – FY20262018: 12019: 220192020: 420202021: 220212022: 120222023: 020232024: 220242025: 120252026: 12026
Same theme, other companies
Increase in Demand for Summer Goods and Environmental and Safety Products Due to Extreme HeatA theme 8 companies write about · 1 as a headwind · 7 as a tailwind

3 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026Decline in air-conditioned clothing sales after the prior-year surge and sluggish sales due to a prolonged rainy seasonAnnual report

    「In the previous fiscal year, sales of electric-fan-equipped workwear, including 空調服, rose sharply after companies were required to take measures against heatstroke. In the current fiscal year, however, sales of 空調服 struggled due to the resulting pullback and the long rainy season.」

    Sales of 空調服, which had grown in the previous year following the introduction of mandatory heatstroke-prevention measures, struggled in the current year due to the resulting pullback and the long rainy season.
  2. FY2025RestatedAnnual report

    「As extremely hot days increase year after year due to global warming, the company worked to strengthen sales of products that take workers' health into consideration, including heatstroke-prevention products and the electric-fan-equipped workwear 空調服, which helps maintain a comfortable working environment.」

    Against a backdrop of more frequent extremely hot days caused by global warming, the company continues to strengthen the development and sales of health-conscious products such as 空調服.
  3. FY2024RestatedAnnual report

    「As the number of extremely hot days increases year after year due to global warming, we worked to strengthen sales of products designed to support workers' health, including air-conditioned clothing, the electrically fan-cooled apparel designed to prevent heatstroke and maintain a comfortable working environment.」

    Against a backdrop of more frequent extremely hot days caused by global warming, the company continues to strengthen sales of health-conscious products such as 空調服.
  4. FY2024-Q3RestatedAnnual report

    「As the number of extremely hot days increases year after year due to global warming, we worked to strengthen the promotion and order intake of air-conditioned clothing, the electrically fan-cooled apparel designed to prevent heatstroke and maintain a comfortable working environment, ahead of the peak summer season.」

    Against a backdrop of more extremely hot days due to global warming, the company continues to strengthen promotion and order intake for air-conditioned clothing ahead of summer.
  5. FY2022AdvancedAnnual report

    「Sales of air-conditioned clothing, a product for preventing heatstroke, also grew steadily due to the extreme heat from late June.」

    The company reported full-year sales growth for air-conditioned clothing, representing an opportunity from demand for products addressing extreme heat and heatstroke.
  6. FY2022-Q1Sluggish Demand Due to Unfavorable WeatherAnnual report

    「Sales of air-conditioned clothing were sluggish due to adverse weather conditions」

    The company states that, after previously reporting sales growth for air-conditioned clothing, sales were sluggish during the quarter due to adverse weather conditions.
  7. FY2021-Q2RestatedAnnual report

    「For air-conditioned clothing, the electrically fan-cooled apparel designed to prevent heatstroke, the company offers products tailored to the concepts of its 3 major brands, JICHODO, Jawin and Z-DRAGON. The products' functionality and the ability to choose according to each user's workplace environment and intended use were well received, and sales grew steadily.」

    The company offered air-conditioned clothing under the respective concepts of its 3 major brands, and the resulting choice according to workplace environment and intended use was well received, leading to steady sales growth.
  8. FY2021-Q1RestatedAnnual report

    「Sales to individual customers through distributors grew steadily, centered on Jawin and Z-DRAGON, and the heated fan-equipped "空調服" for heatstroke prevention also performed well.」

    Sales of air-conditioned clothing, a product for preventing heatstroke, continue to perform strongly in the consumer market, led by Jawin and Z-DRAGON.
  9. FY2020AdvancedAnnual report

    「The company also expanded sales as temperatures rose by offering electrically fan-cooled air-conditioned clothing, a product for preventing heatstroke, under each brand.」

    The company reported that deploying air-conditioned clothing under each brand led to higher sales, representing an opportunity from demand for products addressing extreme heat and heatstroke.
  10. FY2020-Q3Postponement of the Market OpportunityAnnual report

    「Following the decision to postpone the Tokyo Olympic and Paralympic Games, concerns have arisen that, beyond the direct economic impact, a growing sense of stagnation could further dampen consumer sentiment.」

    The company expressed concerns about the economic and consumer impact of postponing the Tokyo Olympic and Paralympic Games, which had been viewed as an opportunity for demand growth.
  11. FY2020-Q2RestatedAnnual report

    「Although sales grew steadily during the spring and summer selling season, led by electrically fan-cooled air-conditioned clothing」

    The company states that sales of air-conditioned clothing, positioned as a product for addressing extreme heat and heatstroke, continued to grow steadily during the spring and summer selling season.
  12. FY2020-Q1AdvancedAnnual report

    「As a result, operating performance for the cumulative first quarter of the consolidated fiscal year benefited from a substantial increase in sales of the electrically fan-cooled air-conditioned clothing, led by the Jawin and Z-DRAGON brands, among other factors」

    The company reported that air-conditioned clothing, positioned as a product for addressing extreme heat and heatstroke, was deployed under the Jawin and Z-DRAGON brands and achieved substantial sales growth.
  13. FY2019AdvancedAnnual report

    「Sales of air-conditioned clothing as a product for preventing heatstroke have been growing strongly, among other factors」

    The company reported strong sales of air-conditioned clothing as evidence of an opportunity from growing demand for products addressing extreme heat and heatstroke.
  14. FY2018First statedAnnual report

    「Demand for workwear is also expected to expand, as infrastructure development and other public works are expected to gain momentum ahead of the 2020 Tokyo Olympic and Paralympic Games, while demand is expected to grow for air-conditioned clothing, cooling compression wear and other products to address extreme heat and heatstroke.」

    The company explicitly identified, for the first time, the expansion of public works and growing demand for products addressing extreme heat and heatstroke as growth opportunities for the workwear market.
Moved together

"Reducing lost sales opportunities by leveraging ample inventory" moved the same way as this thread, in the same document, in 3 of its 14 moves.

333222★123456
  1. ★This thread
  2. 1Reducing lost sales opportunities by leveraging ample inventory3×
  3. 2Foreign-exchange volatility and derivative valuation risk associated with import purchases3×
  4. 3Developing and strengthening proprietary brands3×
  5. 4Addressing costs and quality through production-system review and the development of partner factories2×
  6. 5Inventory and margin risk from demand-forecast errors2×
  7. 6Systematizing operations and improving and streamlining logistics2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Jichodo yet.
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