Renovation of Existing Locations and In-House Production of Dresses, Floral Arrangements, Cakes, and Other Products

「During the consolidated fiscal year, we made capital investments totaling ¥3,207 million, mainly in the domestic wedding business. In the domestic wedding business, ¥2,935 million was invested in renovations of company-operated locations and related projects.」

「During the consolidated fiscal year, we made capital investments totaling ¥1,778 million, primarily in the domestic wedding business. In the domestic wedding business, ¥1,753 million was invested in renovations of directly operated locations and related items.」

「Following a recovery that exceeded expectations, during the third quarter of the consolidated fiscal year (October–December 2022), we increased investment in growth from the following fiscal year onward, including repairs and advertising at existing locations that had been restrained during the COVID-19 pandemic.」

「During the consolidated fiscal year, we made capital investments totaling ¥730 million, primarily in the domestic wedding business. In the domestic wedding business, ¥668 million was invested in renovations of directly operated locations and related items.」

「During the third quarter of the current consolidated fiscal year, after the state of emergency was lifted, we significantly improved the average wedding price by strengthening sales of products tailored to changing customer demand and high-margin products made in-house. The increase in wedding prices, which rose by ¥130,000 year on year, offset the decline in revenue caused by fewer invited guests.」

「We sought to minimize cash outflows to the greatest extent possible by suspending nonessential and nonurgent spending, minimizing procurement volumes for ingredients and floral arrangements, reviewing the number of part-time serving staff, freezing store renovations, and negotiating revisions to store rents.」

「In terms of profit, in addition to margin improvement from promoting in-house production, selling, general and administrative expenses came in below plan because advertising production and store repairs were shifted to after the third quarter,」

「In addition, the average price per wedding ceremony and reception increased by ¥83,000 year on year as a result of more invited guests and stronger sales of wedding products, while the gross margin improved through the continuing profitability gains from in-house production.」

「The strategic renovation of existing locations, which we have pursued continuously since the 19th fiscal year, continues to make a significant contribution to the number of weddings held and higher average prices. In-house production of products, undertaken to improve profitability and product value, also progressed smoothly through menu revisions and an increase in dress shops in the Kanto region, resulting in a significant increase in the profit margin.」

「In addition, in-house production progressed smoothly, and the gross margin continued to improve.」

「In-house production progressed smoothly in both the domestic and overseas wedding businesses, and the gross margin continued to improve.」

「During the first quarter of the consolidated fiscal year, TRUNK(HOTEL), which opened in May 2017, and the renovated locations performed strongly, while continued improvements in profitability from bringing dresses and floral arrangements in-house improved the gross profit margin.」

「During the consolidated fiscal year, the renovation and increased in-house production efforts at domestic guesthouses, undertaken to strengthen existing locations, progressed smoothly and made a significant contribution to higher numbers of weddings held, higher average prices, and improved profit margins.」

「We increased by 4 the number of locations selected for renovation, where customer inquiries had been strong, and completed renovations at 25 locations. We also expanded call-center functions at 11 locations, mainly in Tokyo and Yokohama, improving the number of contracts, while the higher in-house production ratio for dresses improved the gross margin.」

「As part of efforts to strengthen our core domestic business, we renovated 15 locations as planned. We also opened our third directly operated dress shop in Marunouchi, Tokyo, and improved the gross margin by increasing the in-house production ratio for dresses.」

「In addition, bringing dresses and floral arrangements in-house, one of the initiatives to strengthen our core domestic business, progressed smoothly and improved the gross profit margin.」

「During the consolidated fiscal year, renovations of existing locations and the in-house production of dresses, floral arrangements, cakes, and other products, undertaken as part of efforts to strengthen existing locations, progressed smoothly and contributed to an increase in inquiries and improved profit margins.」

「Initiatives to strengthen existing locations, including renovations and the in-house production of dresses, floral arrangements, cakes, and other products, are progressing smoothly.」

「As a result of continued efforts to improve the gross margin and reduce costs through the in-house production of dresses and floral arrangements, revenue was ¥23,743 million, down 0.3% year on year, while operating profit was ¥1,223 million, up 5.0%.」

「Other initiatives to strengthen existing locations, including renovations and the in-house production of dresses, floral arrangements, cakes, and other products, are progressing smoothly.」