Materialisation of inventory risks and losses in the e-commerce business
First written in FY2016. 22 of 30 entries say "Mitigated", first in FY2017-Q1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2018: 11 of 39 companies on the "Worse" side.
42 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「As a result, revenue from the EC business related to the Content business for the interim consolidated accounting period was ¥1,257 million, up 6.2% year on year.」
The EC business recorded revenue growth of 6.2% year on year, and this interim disclosure contains no indication that losses associated with the sale of inventory items previously identified recurred. - FY2024-Q3MitigatedAnnual report
「As a result, revenue from the EC business for the third quarter cumulative consolidated period was ¥1,291 million, up 24.1% year on year.」
The EC business recorded revenue growth of 24.1% year on year, with no indication that losses associated with the sale of inventory items previously identified recurred. - FY2024-Q2MitigatedAnnual report
「As a result, revenue from the EC business related to the Content business for the second quarter cumulative consolidated period was ¥865 million, up 28.4% year on year.」
The EC business recorded revenue growth of 28.4% year on year, and this disclosure also contains no indication that losses associated with the sale of previously incurred inventory items recurred. - FY2023MitigatedAnnual report
「As a result, revenue from the EC business related to the Content business for the consolidated fiscal year was ¥1,368 million, up 36.9% from the previous consolidated fiscal year.」
The EC business recorded higher revenue, with no indication that losses associated with the sale of inventory items previously identified recurred. - FY2023-Q3RestatedAnnual report
「As a result, revenue from the EC business for the third quarter cumulative consolidated period was ¥1,041 million, up 43.7% year on year.」
The EC business recorded higher revenue, and this disclosure contains no indication that losses associated with the sale of previously incurred inventory items recurred. - FY2023-Q2RestatedAnnual report
「As the digital shift toward e-commerce for artist merchandise continued, we increased merchandise transaction volume in step with the gradual resumption of live events and concerts in order to expand our business base. In addition, sales remained strong as we promoted integration with ticket agencies through our e-commerce portal.」
The disclosure describes the shift to EC sales, the increase in the volume of merchandise handled as live performances resumed, and strong sales, but does not indicate that inventory losses recurred. - FY2023-Q1RestatedAnnual report
「As the shift to digital sales through EC progressed, we actively opened online stores for artists and others to expand our business platform. As live performances and concerts gradually resumed, the volume of merchandise handled also increased, and sales remained strong.」
The disclosure states that the shift to EC sales and the opening of online stores progressed, while the volume of merchandise handled and sales remained strong as live performances resumed. - FY2022-Q3RestatedAnnual report
「During the first half, special demand for e-commerce sales of concert merchandise for performances cancelled or postponed due to the impact of COVID-19 subsided, and the volume of merchandise handled also declined. As live performances and concerts resumed, however, the volume of merchandise handled increased in the third quarter.」
The disclosure states that, after the special demand from e-commerce sales of merchandise for cancelled or postponed concerts subsided, the volume of merchandise handled increased in the third quarter as live performances resumed. There is no indication that the previous inventory losses recurred. - FY2022-Q2MitigatedAnnual report
「Meanwhile, the special demand for e-commerce sales of concert merchandise cancelled or postponed due to the impact of COVID-19 subsided, and product sales returned to normal.」
The special demand from e-commerce sales of merchandise for cancelled or postponed concerts subsided, and sales returned to normal, with no indication that the inventory losses previously identified recurred. - FY2022-Q1RestatedAnnual report
「Meanwhile, the special demand for e-commerce sales of concert merchandise cancelled or postponed due to the impact of COVID-19 subsided, and product sales returned to normal.」
The special demand from e-commerce sales of merchandise for cancelled or postponed concerts subsided, and sales returned to normal, with no indication that the previous inventory losses recurred. - FY2021-Q3MitigatedAnnual report
「As a result, revenue from the EC business for the third quarter cumulative consolidated period was ¥826 million, up 54.0% year on year, while segment profit was ¥622 million, up 89.1% year on year.」
The EC business recorded increases in both revenue and profit, with segment profit also up 89.1% year on year. There is no indication that the inventory- and earnings-related loss position previously identified recurred. - FY2021-Q2MitigatedAnnual report
「As a result, revenue from the EC business for the second quarter cumulative consolidated period was ¥557 million, up 92.6% year on year, while segment profit was ¥407 million, up 223.0% year on year.」
The EC business posted substantial increases in both revenue and profit, driven by increased e-commerce sales of products for live performances and events that had been cancelled or postponed. There is no indication that the inventory- and earnings-related loss position previously identified recurred. - FY2021-Q1MitigatedAnnual report
「Revenue from the EC business was ¥323 million, up 179.3% year on year, while segment profit was ¥236 million, up 453.4% year on year.」
The EC business recorded substantial year-on-year increases in both revenue and profit, with no indication that the inventory- and earnings-related loss position previously identified recurred. - FY2020MitigatedAnnual report
「Revenue from the EC business for the consolidated fiscal year was ¥734 million, up 23.1% year on year, while segment profit was ¥433 million, up 111.4% year on year.」
The EC business recorded increases in both revenue and profit, with no indication that the inventory- and earnings-related loss position previously identified recurred. - FY2020-Q3MitigatedAnnual report
「As a result, revenue from the EC business for the third quarter cumulative consolidated period was ¥536 million, up 16.8% year on year, while segment profit was ¥329 million, up 146.5% year on year.」
The EC business recorded increases in both revenue and profit, with no indication that the inventory- and earnings-related loss position previously identified recurred. - FY2020-Q2MitigatedAnnual report
「As a result, revenue from the EC business for the second quarter cumulative consolidated period was ¥289 million, up 11.7% year on year, while segment profit was ¥126 million, up 242.0% year on year.」
The EC business recorded increases in both revenue and profit, with segment profit also up 242.0% year on year, and there is no indication that the inventory- and earnings-related loss position previously identified recurred. - FY2020-Q1MitigatedAnnual report
「As a result, revenue from the EC business for the first quarter cumulative consolidated period was ¥115 million, down 33.8% year on year, while segment profit was ¥42 million, up 85.0% year on year.」
Although the EC business recorded lower revenue, segment profit was ¥42 million, up 85.0% year on year, and there is no indication that the loss position previously identified recurred. - FY2019MitigatedAnnual report
「As a result, revenue from the e-commerce business for the fiscal year was ¥596 million, up 161.9% year on year, and segment profit was ¥205 million, up 732.0%.」
The EC business posted substantial increases in both revenue and profit, with no indication that the inventory- and earnings-related loss position that emerged in the previous year recurred. - FY2019-Q3MitigatedAnnual report
「As a result, revenue from the e-commerce business for the cumulative third quarter ended was ¥459 million, up 181.2% year on year, and segment profit was ¥133 million, up 768.6%.」
The e-commerce business reported substantial increases in revenue and profit, and no recurrence of losses associated with the sale of inventory products was described. - FY2019-Q2MitigatedAnnual report
「As a result, revenue from the e-commerce business for the cumulative second quarter ended was ¥259 million, up 194.8% year on year, and segment profit was ¥37 million, up 409.8%.」
The e-commerce business reported substantial increases in revenue and profit, and no recurrence of losses associated with the sale of inventory products was described. - FY2019-Q1MitigatedAnnual report
「As a result, revenue from the e-commerce business for the cumulative first quarter ended was ¥174 million, up 399.6% year on year, and segment profit was ¥23 million, up 749.2%.」
Revenue and segment profit in the e-commerce business increased substantially, and no recurrence of losses associated with the sale of inventory products was reported. - FY2018RestatedAnnual report
「In the e-commerce business, the Group has operated through both the management of official sales sites of record companies under partnerships with major record companies and sales through its own websites, focusing on music and video products such as CDs, DVDs and Blu-rays, together with related artist merchandise. However, revenue declined in the previous consolidated fiscal year because temporary revenue recognised in connection with artists' activities fell away.」
Although the e-commerce business reported lower revenue and profit, the decline in revenue was attributed to the loss of temporary revenue from the previous fiscal year, and no recurrence of inventory losses was described. - FY2018-Q3MitigatedAnnual report
「As a result, revenue from the e-commerce business for the cumulative third quarter ended was ¥163 million, down 56.5% year on year, and segment profit was ¥15 million, down 72.9%. This was because temporary revenue related to artists' activities had been recognised in the same period of the previous year; there were no such temporary factors in the cumulative third quarter ended, and progress was in line with expectations. Of this, the increase in products was temporary and resulted from strong sales in the e-commerce business.」
The e-commerce business maintained profitability, with the difference from the previous year's earnings attributed to temporary factors. The increase in products was also described as temporary and attributable to strong sales, and no materialisation of inventory losses was reported. - FY2018-Q2MitigatedAnnual report
「As a result, revenue from the e-commerce business for the cumulative second quarter ended was ¥87 million, up 5.9% year on year, and segment profit was ¥7 million, up 21.2%.」
The e-commerce business recorded segment profit of ¥7 million, with continued improvement in profitability, up 21.2% year on year. - FY2018-Q1MitigatedAnnual report
「As a result, revenue from the e-commerce business for the cumulative first quarter ended was ¥34 million, down 16.9% year on year, and segment profit was ¥2 million, up 36.3%.」
Although revenue in the e-commerce business declined, it recorded segment profit of ¥2 million, with profit increasing year on year. - FY2017MitigatedAnnual report
「As a result, revenue from the e-commerce business for the fiscal year was ¥435 million, up 40.8% year on year, and segment profit was ¥58 million, compared with a segment loss of ¥93 million in the previous period.」
The e-commerce business swung from a segment loss in the previous period to a profit of ¥58 million, indicating an improvement in inventory and earnings conditions. - FY2017-Q3MitigatedAnnual report
「As a result, revenue from the e-commerce business for the cumulative third quarter ended was ¥375 million, up 120.2% year on year. This was because demand for certain artists increased on the official sales sites of record companies, resulting in strong sales. Segment profit was ¥56 million, compared with a segment loss of ¥105 million in the same period of the previous year.」
Revenue in the e-commerce business increased, and it swung from a segment loss of ¥105 million in the same period of the previous year to a profit of ¥56 million, indicating further improvement in inventory and earnings conditions. - FY2017-Q2RestatedAnnual report
「As a result, revenue from the e-commerce business for the cumulative second quarter ended was ¥83 million, down 11.5% year on year, and segment profit was ¥6 million, down 2.8%.」
Although revenue in the e-commerce business declined, it recorded segment profit of ¥6 million, and no recurrence of the deficit that emerged in the previous period is described. - FY2017-Q1MitigatedAnnual report
「As a result, revenue from the e-commerce business for the cumulative first quarter ended was ¥42 million, up 23.1% year on year, and segment profit was ¥1 million, compared with a segment loss of ¥0.7 million in the same period of the previous year.」
The e-commerce business swung from a segment loss of ¥0.7 million in the same period of the previous year to a segment profit of ¥1 million in the current quarter, indicating an improvement from the losses that emerged in the previous period. - FY2016First statedAnnual report
「However, operating profit was limited to ¥397 million, down 28.4% year on year, and ordinary profit to ¥371 million, down 38.7%, due to inventory valuation losses recognised in connection with the sale of inventory products in the e-commerce business, as well as recruitment expenses associated with the start of graduate recruitment and office relocation costs.」
The e-commerce business incurred a segment loss of ¥93 million after inventory valuation losses arose from the sale of inventory products.