Revenue Decline and Widening Losses in the Shoe Business
First written in FY2017-Q1. 10 of 39 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-08-07.
Achilles moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
2 other companies' latest entry also says "Other".
- FY2026Full-year revenue decline and narrower lossesAnnual report
「Shoes BU revenue for the fiscal year was ¥8,928 million, a decrease of ¥1,187 million, or 11.7%, from the previous fiscal year. Segment loss improved by ¥651 million from the previous fiscal year to ¥321 million, compared with a segment loss of ¥972 million in the previous fiscal year, owing to price revisions in response to changes in the cost environment, reviews of procurement costs and further cost-cutting efforts, including reductions in expenses.」
Shoes BU revenue continued to decline, down 11.7%, while segment loss narrowed from ¥972 million to ¥321 million owing to price revisions, reviews of procurement costs and reductions in expenses. - FY2026-H1Continued revenue decline and narrower lossAnnual report
「Shoes BU revenue for the six months ended 30 September was ¥4,316 million, a decrease of ¥577 million, or 11.8%, from the previous interim period. Segment loss improved by ¥355 million from the previous interim period to ¥152 million, compared with a segment loss of ¥508 million in the previous interim period, owing to efforts to review selling prices, reduce costs and cut selling expenses.」
Shoes segment revenue continued to decline, down 11.8%, while segment loss narrowed from ¥508 million to ¥152 million owing to revised selling prices, cost reductions and lower selling expenses. - FY2025WorsenedAnnual report
「Shoes segment revenue for the fiscal year was ¥10,116 million, down 2.9% year on year, while segment loss (operating loss) was ¥972 million, compared with a segment loss of ¥841 million in the previous fiscal year.」
Shoes segment revenue declined 2.9%, and segment loss widened from ¥841 million to ¥972 million. - FY2025-H1Continued revenue decline and wider lossesAnnual report
「Shoes segment revenue for the six months ended 30 September was ¥4,894 million, a decrease of ¥96 million, or 1.9%, from the previous interim period. Segment loss was ¥508 million, compared with a segment loss of ¥404 million in the previous interim period, as the effect of higher procurement costs resulting from the weaker yen outweighed efforts to reduce costs, including selling expenses.」
Shoes segment revenue declined 1.9%. Despite efforts to reduce selling expenses and other costs, segment loss widened from ¥404 million to ¥508 million owing to higher procurement costs resulting from the weaker yen. - FY2024Continued revenue decline and narrower lossAnnual report
「Shoes segment revenue for the fiscal year was ¥10,420 million, down 8.5% year on year, while segment loss (operating loss) was ¥841 million, compared with a segment loss of ¥971 million in the previous fiscal year.」
Shoes segment revenue continued to decline, down 8.5%, while segment loss narrowed from ¥971 million to ¥841 million owing to margin improvement from price revisions and reductions in selling expenses. - FY2024-Q3Continued revenue decline and narrower lossAnnual report
「Shoes segment revenue for the nine months ended 31 December was ¥7,620 million, a decrease of ¥782 million, or 9.3%, from the same period of the previous year. Segment loss was ¥604 million, compared with a segment loss of ¥723 million in the same period of the previous year, owing to improved margins, including the effect of price revisions, and reductions in selling expenses.」
Shoes segment revenue continued to decline, down 9.3%, while segment loss narrowed from ¥723 million to ¥604 million owing to price revisions, margin improvement and reductions in selling expenses. - FY2024-Q2Continued revenue decline and narrower lossAnnual report
「Shoes segment revenue for the six months ended 30 September was ¥4,991 million, a decrease of ¥352 million, or 6.6%, from the same period of the previous year. Segment loss was ¥404 million, compared with a segment loss of ¥564 million in the same period of the previous year, owing to improved margins, including the effect of price revisions, and reductions in selling expenses.」
Shoes segment revenue continued to decline, down 6.6%, while segment loss narrowed from ¥564 million to ¥404 million owing to price revisions, margin improvement and reductions in selling expenses. - FY2024-Q1Continued revenue decline and narrower lossAnnual report
「BROOKS, one of the world's leading running shoe brands, performed well as brand recognition increased, but sales of other product groups stagnated and fell below the previous year's level. Shoes segment revenue for the first quarter was ¥2,457 million, a decrease of ¥130 million, or 5.1%, from the same quarter of the previous year. Segment loss was ¥186 million, compared with a segment loss of ¥263 million in the same quarter of the previous year, owing to improved margins, including the effect of price revisions, and reductions in selling expenses.」
BROOKS performed well, but sales of other product groups stagnated, resulting in a 5.1% decline in Shoes segment revenue. Meanwhile, segment loss narrowed from ¥263 million to ¥186 million owing to price revisions and reductions in selling expenses. - FY2023WorsenedAnnual report
「Shoes segment revenue for the fiscal year was ¥11,387 million, down 1.0% year on year, while segment loss (operating loss) was ¥971 million, compared with a segment loss of ¥681 million in the previous fiscal year.」
The Shoes segment posted lower full-year revenue, and its segment loss widened from ¥681 million to ¥971 million. - FY2023-Q3Revenue growth and wider lossesAnnual report
「For the nine months ended the third quarter, the Shoes business posted revenue of ¥8,403 million, an increase of ¥95 million from the same period of the previous year, up 1.1% year on year. Although sales remained firm and selling expenses were reduced, the segment loss was ¥723 million, compared with a segment loss of ¥494 million in the same period of the previous year, due to higher procurement costs resulting from the weaker yen.」
The Shoes business reported a 1.1% revenue increase, while the segment loss widened from ¥494 million to ¥723 million due to higher procurement costs resulting from the weaker yen. - FY2023-Q2Revenue growth and wider lossesAnnual report
「For the six months ended the second quarter, the Shoes business posted revenue of ¥5,343 million, an increase of ¥220 million from the same period of the previous year, up 4.3% year on year. Although sales remained strong and selling expenses were reduced, the segment loss was ¥564 million, compared with a segment loss of ¥425 million in the same period of the previous year, due to higher procurement costs resulting from the weaker yen.」
The Shoes business reported a 4.3% revenue increase, while the segment loss widened from ¥425 million to ¥564 million due to higher procurement costs resulting from the weaker yen. - FY2023-Q1Revenue growth and wider lossesAnnual report
「For the three months ended the first quarter, the Shoes business posted revenue of ¥2,588 million, an increase of ¥188 million from the same period of the previous year, up 7.8% year on year. Although sales remained strong and selling expenses were reduced, the segment loss was ¥263 million, compared with a segment loss of ¥254 million in the same period of the previous year, due to higher procurement costs resulting from the weaker yen.」
The Shoes business reported a 7.8% revenue increase as sales recovered, while the segment loss widened from ¥254 million to ¥263 million due to higher procurement costs resulting from the weaker yen. - FY2022Revenue recovery and narrower lossAnnual report
「For the consolidated fiscal year, the Shoes business posted revenue of ¥11,497 million, compared with ¥10,412 million in the previous fiscal year, and a segment loss (operating loss) of ¥681 million, compared with a segment loss of ¥1,142 million in the previous fiscal year.」
The Shoes business reported higher revenue due to the recovery in sales, while the segment loss narrowed from ¥1,142 million to ¥681 million. - FY2022-Q2Revenue recovery and narrower lossAnnual report
「For the six months ended the second quarter, the Shoes business posted revenue of ¥5,123 million, compared with ¥4,324 million in the same period of the previous year. The segment loss was ¥425 million, compared with a segment loss of ¥681 million in the same period of the previous year, due to firm sales and lower selling, general and administrative expenses, among other factors.」
The Shoes business recovered, with revenue rising from ¥4,324 million in the same period of the previous year to ¥5,123 million, while the segment loss narrowed from ¥681 million to ¥425 million. - FY2022-Q1Revenue recovery and narrower lossAnnual report
「For the three months ended the first quarter, the Shoes business posted revenue of ¥2,400 million, compared with ¥1,780 million in the same period of the previous year. The segment loss was ¥254 million, compared with a segment loss of ¥410 million in the same period of the previous year, due to firm sales and lower selling, general and administrative expenses, among other factors.」
The Shoes business recovered as sales improved, with revenue rising from ¥1,780 million in the same period of the previous year to ¥2,400 million, while the segment loss narrowed from ¥410 million to ¥254 million. - FY2021WorsenedAnnual report
「The consolidated results for this business were revenue of ¥10,412 million, down 12.7% from the previous fiscal year, and a segment loss (operating loss) of ¥1,142 million, compared with a segment loss of ¥847 million in the previous fiscal year.」
The Shoes business reported a 12.7% revenue decline, while the segment loss widened from ¥847 million to ¥1,142 million. - FY2021-Q3WorsenedAnnual report
「For the nine months ended the third quarter, the Shoes business posted revenue of ¥7,261 million, a decline of ¥1,599 million from the same period of the previous year, down 18.1% year on year. The segment loss was ¥964 million, compared with a segment loss of ¥629 million in the same period of the previous year. As sales fell sharply due to the impact of the spread of COVID-19, the company adjusted production and purchasing and reviewed its sales strategy to reduce inventories, which led to a decline in gross profit.」
The Shoes business reported an 18.1% revenue decline, while the segment loss widened from ¥629 million in the same period of the previous year to ¥964 million. E-commerce and television shopping remained firm while people were refraining from going out, but store closures and other factors had a significant impact. - FY2021-Q2WorsenedAnnual report
「For the six months ended the second quarter, the Shoes business posted revenue of ¥4,324 million, a decline of ¥1,395 million from the same period of the previous year, down 24.4% year on year. Although selling, general and administrative expenses decreased due to restraints on advertising and promotional expenses, the decline in gross profit accompanying lower revenue caused by the spread of COVID-19 resulted in a segment loss of ¥681 million, compared with a segment loss of ¥575 million in the same period of the previous year.」
Although e-commerce sales remained firm while people were refraining from going out, closures of department stores and large commercial facilities resulted in a 24.4% revenue decline for the Shoes business, while the segment loss widened from ¥575 million to ¥681 million. - FY2021-Q1WorsenedAnnual report
「For the three months ended the first quarter, the Shoes business posted revenue of ¥1,780 million, a decline of ¥665 million from the same period of the previous year, down 27.2% year on year. Although selling, general and administrative expenses decreased due to restraints on advertising and promotional expenses, the decline in gross profit accompanying lower revenue resulted in a segment loss of ¥410 million, compared with a segment loss of ¥375 million in the same period of the previous year.」
Store closures and reduced operating hours due to COVID-19 resulted in a 27.2% revenue decline for the Shoes business, while the segment loss widened from ¥375 million to ¥410 million. - FY2020Full-year revenue decline and narrower lossesAnnual report
「The consolidated results for this business were revenue of ¥11,931 million, down 14.7% from the previous fiscal year, and a segment loss (operating loss) of ¥847 million, compared with a segment loss of ¥956 million in the previous fiscal year.」
The Shoes business reported a 14.7% full-year revenue decline, while the segment loss narrowed from ¥956 million to ¥847 million. The effects of the consumption tax rate increase and the spread of COVID-19 were also noted. - FY2020-Q3Continued revenue decline, narrower losses, and launch of a new brandAnnual report
「The junior sports shoes n☆p school (Nico☆Petit School) and the running casual shoes SL BY SYUNSOKU received stronger market evaluations, but sales fell below the previous year amid intensifying competition in the children’s footwear market. The company also began selling BROOKS, one of the world’s leading running shoe brands, in Japan and accelerated its entry into the running market together with MEDIFOAM, running recovery shoes featuring the company’s proprietary material. However, sales for the Shoes business overall fell below the previous year. For the nine months ended the third quarter, the Shoes business posted revenue of ¥8,861 million, a decline of ¥1,064 million from the same period of the previous year, down 10.7% year on year. The segment loss was ¥629 million, compared with a segment loss of ¥688 million in the same period of the previous year. Although selling, general and administrative expenses decreased mainly due to lower personnel expenses and other costs, the decline in gross profit accompanying lower revenue resulted in a loss.」
The Shoes business continued to report a 10.7% year-on-year revenue decline, while the segment loss narrowed from ¥688 million to ¥629 million. The company also began domestic sales of BROOKS and accelerated its entry into the running market. - FY2020-Q2Continued revenue decline and wider lossesAnnual report
「For the six months ended the second quarter, the Shoes business posted revenue of ¥5,720 million, a decline of ¥536 million from the same period of the previous year, down 8.6% year on year. The segment loss was ¥575 million, compared with a segment loss of ¥562 million in the same period of the previous year. Although selling, general and administrative expenses decreased mainly due to lower depreciation and other costs, the decline in gross profit accompanying lower revenue resulted in a wider loss.」
The Shoes business continued to report an 8.6% revenue decline, while the segment loss widened from ¥562 million to ¥575 million. - FY2020-Q1Continued revenue decline and narrower lossAnnual report
「For the three months ended the first quarter, the Shoes business posted revenue of ¥2,445 million, a decline of ¥210 million from the same period of the previous year, down 7.9% year on year. The segment loss was ¥375 million, compared with a segment loss of ¥381 million in the same period of the previous year, mainly due to lower selling, general and administrative expenses resulting from lower depreciation and other costs.」
The Shoes business continued to report a 7.9% revenue decline, while the segment loss narrowed slightly from ¥381 million to ¥375 million. - FY2019WorsenedAnnual report
「The consolidated results for this business were revenue of ¥13,994 million, down 11.1% from the previous fiscal year, and a segment loss (operating loss) of ¥956 million, compared with a segment loss of ¥770 million in the previous fiscal year.」
The Shoes business reported an 11.1% full-year revenue decline, and the segment loss widened from ¥770 million to ¥956 million. Impairment losses on fixed assets were also recorded amid intensifying competition. - FY2019-Q3Continued revenue decline, narrower losses, and impairment loss recordedAnnual report
「For the nine months ended the third quarter, the Shoes business posted revenue of ¥9,925 million, a decline of ¥1,412 million from the same period of the previous year, down 12.5% year on year. The segment loss was ¥688 million, compared with a segment loss of ¥846 million in the same period of the previous year, mainly due to lower selling, general and administrative expenses resulting from lower personnel expenses and other costs. In addition, impairment losses on fixed assets were recorded because operating profit remained negative amid intensifying competition with other companies.」
The Shoes business continued to report a 12.5% revenue decline, while the segment loss narrowed from ¥846 million to ¥688 million. Impairment losses on fixed assets were also recorded as operating losses continued amid intensifying competition. - FY2019-Q2Continued revenue decline and narrower lossAnnual report
「For the six months ended the second quarter, the Shoes business posted revenue of ¥6,257 million, a decline of ¥1,120 million from the same period of the previous year, down 15.2% year on year. The segment loss was ¥562 million, compared with a segment loss of ¥760 million in the same period of the previous year, mainly due to lower selling, general and administrative expenses resulting from lower personnel expenses and other costs.」
The Shoes business continued to report a 15.2% year-on-year revenue decline, while the segment loss narrowed from ¥760 million to ¥562 million. - FY2019-Q1Continued revenue decline and narrower lossAnnual report
「For the three months ended the first quarter, the Shoes business posted revenue of ¥2,655 million, a decline of ¥577 million from the same period of the previous year, down 17.9% year on year. The segment loss was ¥381 million, compared with a segment loss of ¥621 million in the same period of the previous year, mainly due to lower selling, general and administrative expenses resulting from lower personnel expenses and other costs.」
The Shoes business reported a 17.9% revenue decline, while the segment loss narrowed from ¥621 million in the same period of the previous year to ¥381 million. - FY2018Full-year revenue decline and narrower lossesAnnual report
「The consolidated results for this business were revenue of ¥15,739 million, down 11.3% from the previous fiscal year, and a segment loss (operating loss) of ¥770 million, compared with a segment loss of ¥1,277 million in the previous fiscal year.」
The Shoes business reported an 11.3% full-year revenue decline, while the segment loss narrowed from ¥1,277 million to ¥770 million. - FY2018-Q3Continued revenue decline and narrower lossAnnual report
「For the nine months ended the third quarter, the Shoes business posted revenue of ¥11,338 million, down 8.9% year on year, and a segment loss (operating loss) of ¥846 million, compared with a segment loss of ¥1,018 million in the same period of the previous year.」
The Shoes business continued to report an 8.9% year-on-year revenue decline, while the segment loss narrowed from ¥1,018 million to ¥846 million. - FY2018-Q2Continued revenue decline and narrower lossAnnual report
「For the six months ended the second quarter, the Shoes business posted revenue of ¥7,377 million, down 6.8% year on year, and a segment loss (operating loss) of ¥760 million, compared with a segment loss of ¥832 million in the same period of the previous year.」
The Shoes business continued to report a 6.8% year-on-year revenue decline, while the segment loss narrowed from ¥832 million to ¥760 million. - FY2018-Q1WorsenedAnnual report
「For the three months ended the first quarter, the Shoes business posted revenue of ¥3,233 million, down 7.5% year on year, and a segment loss (operating loss) of ¥621 million, compared with a segment loss of ¥449 million in the same period of the previous year.」
The Shoes business reported a 7.5% year-on-year revenue decline, while the segment loss widened from ¥449 million to ¥621 million. - FY2017WorsenedAnnual report
「The consolidated results for this business were revenue of ¥17,740 million, down 8.7% from the previous fiscal year, and a segment profit (operating profit) of negative ¥1,277 million, compared with negative ¥730 million in the previous fiscal year.」
The Shoes business reported an 8.7% full-year revenue decline, while the segment loss widened from ¥730 million in the previous year to ¥1,277 million. - FY2017-Q3WorsenedAnnual report
「Achilles Sorbo, featuring the high-performance Super Cushion material Sorbothane, performed well. However, although Shunsoku, the leading brand of junior sports shoes and the company’s core product, launched a new series, it struggled amid the rise of overseas brands, among other factors. Sales of character products also failed to grow, resulting in lower sales for the Shoes business overall than in the previous year. For the nine months ended the third quarter, the Shoes business posted revenue of ¥12,448 million, down 9.2% year on year, and a segment profit (operating profit) of negative ¥1,018 million, compared with negative ¥575 million in the same period of the previous year.」
Weakness in Shunsoku and character products continued. Revenue declined 9.2% year on year, while the segment loss widened from negative ¥575 million to negative ¥1,018 million. - FY2017-Q2RestatedAnnual report
「Shunsoku, the company’s core junior sports shoe brand, struggled amid the rise of overseas brands, among other factors, and sales for the Shoes business overall fell below the previous year. For the six months ended the second quarter, the Shoes business posted revenue of ¥7,915 million, down 7.5% year on year, and a segment profit (operating profit) of negative ¥832 million, compared with negative ¥478 million in the same period of the previous year.」
Although some brands, including Spalding, performed well, core brand Shunsoku struggled, resulting in lower revenue and a wider segment loss for the Shoes business. - FY2017-Q1First statedAnnual report
「Achilles Sorbo, featuring the high-performance Super Cushion material Sorbothane, and Spalding sports shoes performed well. However, sales of Shunsoku, the leading brand of junior sports shoes and the company’s core product, and character products failed to grow, resulting in lower sales for the Shoes business overall than in the previous year. For the three months ended the first quarter, the Shoes business posted revenue of ¥3,496 million, down 3.1% year on year, and a segment loss (operating loss) of ¥449 million, compared with a segment loss of ¥229 million in the same period of the previous year.」
Although some brands performed well, the Shoes business reported lower revenue due to weak sales of core products, and the segment loss widened from the same period of the previous year.