Komori
Intertrade (3747) · InitiativeSoftened

Expanding sales of Hanabiratake products, centered on the βeauty Glucan brand

First written in FY2016. 18 of 32 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-11-12.

32entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q1 – FY2018-Q3AdvancedFY2022-Q1 – FY20232016: 12017: 220172018: 420182019: 420192020: 320202021: 320212022: 320222023: 320232024: 320242025: 220252026: 42026
Same theme, other companies
Expanding sales of proprietary health ingredients and equipment and developing new productsA theme 2 companies write about · 0 as a headwind · 3 as a tailwind

Intertrade moved to the "Worse" side of this theme in 2026.

0 other companies' latest entry also says "Softened".

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. FY2026-H1SoftenedAnnual report

    「Because sales of “IT Hanabiratake” products were behind plan, net sales were nearly flat at ¥55 million, or 100.8% of the year-earlier period.」

    Sales of IT Hanabiratake products lagged the plan, leaving Healthcare net sales nearly flat at ¥55 million, or 100.8% of the year-earlier period. Progress in expanding sales has weakened.
  2. FY2025AdvancedAnnual report

    「Although the company obtained a Foods with Function Claims notification number from the Consumer Affairs Agency for its “IT Hanabiratake” products in March 2025, customers held back on purchasing the old products during the lead time before the new product was launched in July. As a result, net sales were ¥104 million, or 99.4% of the year-earlier period.」

    After obtaining a Foods with Function Claims notification number, the company reached the stage of launching the new product in July. During the transition period before its launch, customers held back on purchasing the old product.
  3. FY2025-H1AdvancedAnnual report

    「As announced on 28 March 2025, after obtaining a Foods with Function Claims notification number from the Consumer Affairs Agency, the company will launch “EstroRich Pure,” a new product that clearly states the functionality of “IT Hanabiratake,” from the third quarter of fiscal 2025 onward, with the aim of expanding the business.」

    After obtaining a Foods with Function Claims notification number, the company reached the stage of launching the new product “EstroRich Pure,” which clearly states its functionality, from the third quarter of fiscal 2025 onward.
  4. FY2024SoftenedAnnual report

    「A decline in sales from OEM production of Hanabiratake products resulted in lower revenue of ¥105 million, or 73.2% of the year-earlier period.」

    OEM sales of Hanabiratake products declined, reducing full-year Healthcare net sales from ¥143 million to ¥105 million.
  5. FY2024-Q2SoftenedAnnual report

    「Second-quarter net sales declined to ¥58 million, or 77.4% of the year-earlier period, owing to lower sales from OEM production of Hanabiratake products.」

    OEM sales of Hanabiratake products declined, bringing Healthcare net sales to ¥58 million, or 77.4% of the year-earlier period. Progress in expanding sales has weakened.
  6. FY2024-Q1SoftenedAnnual report

    「A decline in sales from OEM production of Hanabiratake products resulted in net sales of ¥31 million, or 82.0% of the year-earlier period, a decrease in revenue.」

    OEM sales of Hanabiratake products declined, bringing Healthcare net sales to ¥31 million, or 82.0% of the year-earlier period. Progress in expanding sales has temporarily weakened.
  7. FY2023AdvancedAnnual report

    「Focusing on Hanabiratake raw material sales to make up for delays in the initial plan resulted in an 8.7% year-on-year increase in net sales to ¥143 million.」

    The company focused on raw material sales to offset delays in obtaining Foods with Function Claims registration, bringing Healthcare net sales to ¥143 million, up 8.7% year on year.
  8. FY2023-Q2AdvancedAnnual report

    「Second-quarter net sales increased to ¥75 million, or 110.7% of the year-earlier period, owing to higher sales from OEM production of Hanabiratake products.」

    OEM sales of Hanabiratake products increased, bringing Healthcare net sales to ¥75 million, or 110.7% of the year-earlier period.
  9. FY2023-Q1AdvancedAnnual report

    「Higher OEM sales of Hanabiratake products increased net sales to ¥38 million, or 103.9% of the year-earlier period.」

    OEM sales of Hanabiratake products increased, bringing Healthcare net sales to ¥38 million, or 103.9% of the year-earlier period.
  10. FY2022AdvancedAnnual report

    「The publication in the academic journal Applied Pharmacology of a paper titled “Evaluation of the Efficacy and Safety of Hanabiratake in Relieving Unpleasant Symptoms of Menopause in Women” also increased inquiries about “IT Hanabiratake” from major health-food manufacturers, and the company is preparing for further sales growth.」

    Following the publication of a paper on Hanabiratake for menopausal women, inquiries from major health-food manufacturers increased, and preparations for sales growth advanced.
  11. FY2022-Q3AdvancedAnnual report

    「As announced on 14 April 2022, a paper titled “Evaluation of the Efficacy and Safety of Hanabiratake in Relieving Unpleasant Symptoms of Menopause in Women” was published in the academic journal Applied Pharmacology. This also increased inquiries about “IT Hanabiratake” from major health-food manufacturers, and the company is preparing for further sales growth.」

    Following the publication of a paper on Hanabiratake for menopausal women, inquiries from major health-food manufacturers increased, and the company is preparing for sales growth.
  12. FY2022-Q1AdvancedAnnual report

    「The supplements market addressing women’s health issues, known as the femcare market, is expanding. By promoting the benefits and efficacy of “IT Hanabiratake” to menopausal women, and with an increase in OEM transactions year on year, net sales increased to ¥36 million, or 106.6% of the year-earlier period.」

    The company promoted the benefits and efficacy of IT Hanabiratake to the femcare market and menopausal women, and Healthcare sales increased to ¥36 million, or 106.6% of the year-earlier period, owing to increased OEM transactions.
  13. FY2021SoftenedAnnual report

    「During the consolidated fiscal year, performance was challenged by sluggish personal consumption amid the COVID-19 pandemic, and net sales were ¥130 million, or 67.6% of the previous fiscal year’s level.」

    The policy of expanding sales of Hanabiratake-related products continues, but Healthcare net sales declined to 67.6% of the previous fiscal year’s level because of sluggish personal consumption amid the COVID-19 pandemic.
  14. FY2021-Q3SoftenedAnnual report

    「As a result of selling the mail-order business during the previous second quarter and narrowing the range of products handled in order to focus on developing the business as a raw-materials manufacturer, net sales were ¥99 million, or 63.0% of the year-earlier period.」

    The sale of the mail-order business and narrowing of the product range shifted the focus toward developing the business as a raw-materials manufacturer, while Healthcare sales declined to ¥99 million, or 63.0% of the year-earlier period.
  15. FY2021-Q1AdvancedAnnual report

    「The market for supplements addressing women-specific health concerns is expanding. As a result of our active sales efforts to date, major companies have shown strong interest in Hanabiratake targeting menopausal women. By identifying the constituents of Hanabiratake, elucidating its mechanisms of action and promoting its efficacy, we aim to develop products in collaboration with major companies.」

    The company described plans for Hanabiratake products targeting the market for menopausal women, including elucidating their ingredients and mechanisms of action and developing products through collaboration with major companies.
  16. FY2020ReframedAnnual report

    「The sale of Intertrade Healthcare’s mail-order business, undertaken to focus on developing the business as a raw-materials manufacturer through products related to the “IT Hanabiratake” produced by the company, OEM products and raw material sales, resulted in net sales of ¥193 million, or 65.8% of the previous fiscal year’s level.」

    The company’s focus has clearly shifted from the previous emphasis on expanding sales of Hanabiratake products to products, OEM products and raw material sales as a raw-materials manufacturer with silent estrogen activity.
  17. FY2020-Q2SoftenedAnnual report

    「Following the sale of Intertrade Healthcare’s mail-order business in order to focus on developing the business as an “IT Hanabiratake” manufacturer, second-quarter net sales were ¥97 million, or 66.0% of the year-earlier period. However, separating the business with a deteriorating earnings structure and concentrating management resources led to a slight improvement in profitability, with the segment loss narrowing to ¥61 million from the previous year.」

    While focusing on developing the business as a Hanabiratake manufacturer, the sale of the mail-order business and narrowing of the operations handled resulted in a decline in Healthcare sales.
  18. FY2020-Q1SoftenedAnnual report

    「As a result of reviewing the business portfolio and narrowing the range of products handled in order to focus on developing the business as an “IT Hanabiratake” manufacturer, net sales were ¥54 million, or 67.2% of the previous year’s level.」

    While focusing on developing the business as an IT Hanabiratake manufacturer, the company reviewed its business portfolio and narrowed its product range, resulting in a decline in Healthcare sales.
  19. FY2019AdvancedAnnual report

    「Sales of products related to “IT maitake” produced by the company and possessing silent estrogen activity, including “EstroRich,” a supplement sold exclusively by 株式会社大木, a major pharmaceutical wholesaler, as well as OEM services and raw-material sales, remained firm. Revenue reached ¥293 million, or 114.0% of the previous fiscal year's level.」

    Solid performance in EstroRich, related products, OEM products and raw material sales drove the expansion of Hanabiratake-related product sales into the full-year results.
  20. FY2019-Q3AdvancedAnnual report

    「Sales of products related to “IT maitake” produced by the company and possessing silent estrogen activity, including “EstroRich,” a supplement sold exclusively by 株式会社大木, a major pharmaceutical wholesaler, as well as OEM services and raw-material sales, remained firm. Third-quarter revenue reached ¥223 million, or 114.6% of the year-earlier level.」

    Sales of IT Hanabiratake-related products, including EstroRich, as well as OEM products and raw materials, remained solid, and Healthcare net sales continued to expand.
  21. FY2019-Q2AdvancedAnnual report

    「Sales of products related to “IT maitake” produced by the company and possessing silent estrogen activity, including “EstroRich,” a supplement sold exclusively by 株式会社大木, a major pharmaceutical wholesaler, as well as OEM services and raw-material sales, remained firm. Second-quarter revenue reached ¥147 million, or 114.9% of the year-earlier level.」

    Sales of IT Hanabiratake-related products, including EstroRich, as well as OEM products and raw materials, remained solid, and Healthcare sales continued to expand.
  22. FY2019-Q1AdvancedAnnual report

    「Sales of “EstroRich,” a supplement containing “IT maitake” produced by the company as an exclusive product of 株式会社大木, a major pharmaceutical wholesaler, were strong. Supplement sales to foreign customers also contributed, and first-quarter revenue reached ¥81 million, or 114.2% of the year-earlier level.」

    Sales of EstroRich, containing IT Hanabiratake, and supplements for foreign consumers contributed to sales growth, bringing Healthcare net sales to ¥81 million.
  23. FY2018RestatedAnnual report

    「We actively sold the new product “IT Hanabiratake Furikake,” launched in January 2018, at department stores and other outlets and distributed it through channels that readily reach general consumers. We also began launching “EstroRich,” a supplement containing IT Hanabiratake, as an exclusive product of 株式会社大木, a major pharmaceutical wholesaler. As a result, Hanabiratake products accounted for a higher proportion of Healthcare sales.」

    The company continues to explain that the sales mix of Hanabiratake products increased through the launch of new and exclusive products.
  24. FY2018-Q3AdvancedAnnual report

    「We actively sold the new product “IT Hanabiratake Furikake,” launched in January 2018, at department stores and other outlets and distributed it through channels that readily reach general consumers. We also began launching “EstroRich,” a supplement containing IT Hanabiratake, as an exclusive product of 株式会社大木, a major pharmaceutical wholesaler. As a result, Hanabiratake products accounted for a higher proportion of Healthcare sales.」

    In addition to selling the new product “IT Hanabiratake Furikake” at department stores, the company launched “EstroRich” as an exclusive product of 株式会社大木, increasing the sales mix of Hanabiratake products.
  25. FY2018-Q2AdvancedAnnual report

    「The new product “IT Hanabiratake Furikake,” launched in January 2018, was sold at department stores and other outlets. Distribution through channels that readily reach general consumers increased the proportion of Hanabiratake products in segment sales.」

    The new product launched in January 2018 was sold at department stores and other outlets, increasing the sales mix of Hanabiratake products.
  26. FY2018-Q1AdvancedAnnual report

    「The research results for “IT maitake” produced by the company were recognized, and the product received Japan's first Superfood certification as an ingredient from the Japan Superfoods Association. It was also featured in Nikkei Trendy magazine as a notable ingredient for 2018, among other achievements that raised awareness.」

    The company cites increased awareness of IT Hanabiratake through its certification as a superfood based on the evaluation of research results and media coverage.
  27. FY2017AdvancedAnnual report

    「These results were recognized, and our products were adopted for a new business of RIZAP株式会社, a major beauty and health company, including the Hanabiratake product “IT Hanabiratake” that we produce. This also helped raise awareness.」

    The adoption of IT Hanabiratake for RIZAP’s new business represents a concrete result in raising awareness of the brand and product.
  28. FY2017-Q1AdvancedAnnual report

    「Through various initiatives, including focused sales of our own-brand products, sales of raw materials and OEM products launched in the previous fiscal year, and the rapid introduction of best-selling products, net sales increased 22.8% year on year.」

    Sales of own-brand products, raw materials and OEM products, and the rapid introduction of best-selling products drove a 22.8% year-on-year increase in Healthcare net sales.
  29. FY2016First statedAnnual report

    「We will expand sales of Hanabiratake-related supplements and cosmetics, centered on our group’s original “βeauty Glucan” brand.」

    The company has indicated a policy of expanding sales of Hanabiratake-related supplements and cosmetics, centered on its own brands.
Moved together

"Healthcare business remains loss-making" moved the same way as this thread, in the same document, in 20 of its 32 moves.

201814121110★123456
  1. ★This thread
  2. 1Healthcare business remains loss-making20×
  3. 2Stable growth and transition to a renewed growth phase through a better-balanced business portfolio18×
  4. 3Building a revenue base through expanded sales of GroupMAN@IT e²14×
  5. 4Business solutions business: dependence on spot projects, declining revenue and losses12×
  6. 5Collaboration with a Major Company and Commercialisation of a Cauliflower Mushroom Product for Menopausal Women11×
  7. 6Expanding the customer base through overseas sales, web marketing and ambassador shops10×

★ 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
Intertrade's next results are scheduled for 2026-11-13. Read the earnings preview It last moved in the Revisions to earnings forecasts of 2026-11-12: "Softened".
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