Recovery of initial investment and strengthening profitability in the Retail Business

「小売事業につきましては、猛暑や悪天候の影響により集客が振るわず、売上は増加したものの、原価および人件費の上昇分を十分に吸収できず、収益改善には至りませんでした。」

「In the Retail Business, although revenue remained sluggish, we focused on building an organization committed to profitability, including withdrawing from unprofitable businesses, resulting in lower revenue but higher profit. As a result, segment revenue was ¥6,014.692 million, down 0.2% from the previous fiscal year, and operating profit was ¥220.292 million, up 131.9% from the previous fiscal year.」

「In the Retail Business, revenue and profit increased, largely because the impact of the decline in customer traffic in the Kansai area during the first quarter was significant, but this only reduced the operating loss. As a result, segment revenue was ¥2,876.528 million, up 3.5% year on year, and the operating loss was ¥2.862 million, compared with an operating loss of ¥53.617 million in the same period of the previous year.」

「In the retail business, revenue and profit increased as the number of consolidated subsidiaries grew, despite a summer downturn caused by extremely hot weather. As a result, segment revenue was ¥6,027 million, up 34.2% year on year, and operating profit was ¥95 million, up 106.2%.」

「In the retail business, revenue increased as the number of consolidated subsidiaries grew. However, the gradual decline in pandemic-related stay-at-home demand for green products at existing stores continued, and the business could not absorb higher fuel, electricity and other resource and energy costs or increased personnel expenses. Although revenue and profit increased, this only reduced the operating loss. As a result, segment revenue was ¥2,780 million, up 97.7% year on year, and the operating loss was ¥54 million, compared with an operating loss of ¥149 million in the same period of the previous year.」

「In the retail business, revenue increased as the number of consolidated subsidiaries grew, but revenue increased and profit declined as M&A acquisition-related expenses rose. As a result, segment revenue was ¥4,491 million, up 43.5% year on year, and operating profit was ¥46 million, down 70.2%.」

「In the retail business, revenue increased as the number of consolidated subsidiaries grew, but revenue increased and profit declined as M&A acquisition-related expenses rose. As a result, segment revenue was ¥2,716 million, up 32.0% year on year, and the operating loss was ¥145 million, compared with operating profit of ¥49 million in the same period of the previous year.」

「In the retail business, sales increased during the Christmas and New Year period, but revenue increased and profit declined as M&A acquisition-related expenses rose. As a result, segment revenue was ¥1,407 million, up 2.7% year on year, and operating profit was negative ¥156 million, compared with operating profit of ¥22 million in the same quarter of the previous year.」

「In the retail business, stay-at-home demand for plants slowed, and revenue and profit declined as fuel, electricity and other resource and energy prices rose and personnel expenses increased. As a result, segment revenue was ¥623 million, down 1.1% year on year, and the operating loss was ¥79 million, compared with an operating loss of ¥8 million in the same quarter of the previous year.」

「In the retail business, demand for plants, which had remained high in the previous period against a backdrop of the COVID-19 pandemic, began to moderate. Revenue increased but profit declined as fuel, electricity and other resource and energy prices rose and personnel expenses increased. As a result, segment revenue was ¥2,057 million, up 8.8% year on year, and operating profit was ¥48 million, down 58.8%.」

「In the retail business, demand for plants, which had remained high in the previous period against a backdrop of the COVID-19 pandemic, began to moderate. Revenue increased but profit declined as fuel, electricity and other resource and energy prices rose and personnel expenses increased. As a result, segment revenue was ¥1,369 million, up 8.8% year on year, and operating profit was ¥22 million, down 69.7%.」

「In the retail business, revenue increased following new store openings and other factors, but profit declined as fuel, electricity and other resource and energy prices rose and personnel expenses increased. As a result, segment revenue was ¥630 million, up 10.7% year on year, and the operating loss was ¥8 million, compared with operating profit of ¥11 million in the same quarter of the previous year.」

「In the retail business, demand for plants among individuals remained strong and mail-order sales continued to perform well. As a result, segment revenue was ¥1,891 million, up 20.4% year on year, and operating profit was ¥117 million, up 51.8%.」

「In the retail business, demand for plants among individuals remained strong and mail-order sales continued to perform well. Physical-store operations also performed well as customer traffic increased following the lifting of the state of emergency and other restrictions, resulting in higher revenue and profit. As a result, segment revenue was ¥1,258 million, up 22.6% year on year, and operating profit was ¥74 million, up 105.1%.」

「In the retail business, although flower shops struggled to grow, demand for plants among individuals remained strong, and customer traffic increased in both the mail-order and physical-store businesses, resulting in higher revenue and profit. As a result, segment revenue was ¥569 million, up 19.1% year on year, and operating profit was ¥11 million, up 130.8%.」

「As a result, segment revenue was ¥2,457.073 million, up 33.7% from the previous fiscal year, and operating profit was ¥229.579 million, compared with an operating loss of ¥41.069 million in the previous fiscal year.」

「In the retail business, demand for plants among individual customers increased as a result of telework and requests to refrain from going out. At the Farm UNIVERSAL Osaka, the opening of the third strawberry-growing greenhouse had a synergistic effect, helping to increase customer traffic and resulting in higher revenue and profit. As a result, segment revenue was ¥1,571,254 thousand, up 16.7% year on year, and operating profit was ¥77,168 thousand, compared with an operating loss of ¥60,953 thousand in the same quarter of the previous year.」

「In the retail business, demand for plants among individuals increased as teleworking and restrictions on going out continued, resulting in higher revenue and profit. As a result, segment revenue was ¥1,026 million, up 24.1% year on year, and operating profit was ¥36 million, compared with an operating loss of ¥68 million in the same quarter of the previous year.」

「In the retail business, demand for plants among individuals increased as teleworking and restrictions on going out continued, resulting in higher revenue and profit. As a result, segment revenue was ¥478 million, up 28.2% year on year, and operating profit was ¥5 million, compared with an operating loss of ¥35 million in the same quarter of the previous year.」

「In the Retail Business, we opened the second greenhouse at the strawberry farm at the Farm UNIVERSAL Osaka, worked to attract more customers, and benefited from strong customer traffic at Grandberry Park Minami-Machida, which opened in November 2019, resulting in higher revenue. However, the segment remained loss-making, owing in part to the continued inability to recover depreciation charges and other costs related to capital investment. As a result, segment revenue was ¥1,345.974 million, up 40.0% year on year, and the operating loss was ¥60.953 million, compared with an operating loss of ¥71.501 million in the same quarter of the previous year.」

「In the retail business, revenue increased after the Farm UNIVERSAL and FARMER'S KITCHEN opened at Grandberry Park Minami-Machida in November, but the segment remained loss-making because the depreciation burden on capital investment continued to be unrecovered. As a result, segment revenue was ¥827 million, up 35.1% year on year, and the operating loss was ¥68 million, compared with an operating loss of ¥41 million in the same quarter of the previous year.」

「The segment remained loss-making, owing in part to the continued inability to recover depreciation charges related to capital investment. As a result, segment revenue was ¥372.495 million, up 56.4% year on year, and the operating loss was ¥34.816 million, compared with an operating loss of ¥23.661 million in the same quarter of the previous year.」

「The segment remained loss-making, owing in part to the continued inability to recover depreciation charges related to capital investment. As a result, segment revenue was ¥1,575.053 million, up 38.4% from the previous fiscal year, and the operating loss was ¥11.970 million, compared with an operating loss of ¥31.326 million in the previous fiscal year.」

「In the Retail Business, revenue increased following the consolidation of 園芸ネット株式会社 as a subsidiary from the second quarter of the fiscal year and the opening of a strawberry farm at the Farm UNIVERSAL Osaka, as the company worked to attract more customers. However, the segment remained loss-making, owing in part to the continued inability to recover depreciation charges and other costs related to capital investment. As a result, segment revenue was ¥961.384 million, up 24.6% year on year, and the operating loss was ¥71.501 million, compared with an operating loss of ¥44.273 million in the same quarter of the previous year.」

「In the retail business, revenue increased because Engei Net Co., Ltd. became a consolidated subsidiary from the second quarter of the current fiscal year, but the segment remained loss-making because the depreciation burden on capital investment continued to be unrecovered. As a result, segment revenue was ¥612 million, up 17.5% year on year, and the operating loss was ¥41 million, compared with an operating loss of ¥30 million in the same quarter of the previous year.」

「In the retail business, we pursued further customer acquisition centered on the Farm UNIVERSAL, but customer traffic failed to grow because of temporary closures and other effects of unfavorable weather. The segment remained loss-making because the depreciation burden on capital investment continued to be unrecovered. As a result, segment revenue was ¥238 million, down 10.0% year on year, and the operating loss was ¥24 million, compared with an operating loss of ¥4 million in the same quarter of the previous year.」

「In the retail business, we opened PET CAFE at the Farm UNIVERSAL Osaka at the end of last year and pursued further customer acquisition, but customer traffic failed to grow because of unfavorable weather. The segment remained loss-making because the depreciation burden and other costs related to capital investment continued to be unrecovered. As a result, segment revenue was ¥772 million, up 0.4% year on year, and the operating loss was ¥44 million, compared with an operating loss of ¥46 million in the same quarter of the previous year.」

「In the Retail Business, we opened PET CAFE at the Farm UNIVERSAL Osaka and worked to attract more customers, but customer traffic failed to increase because of unfavorable weather. The segment therefore remained loss-making, owing in part to the continued inability to recover depreciation charges and other costs related to capital investment. As a result, segment revenue was ¥520.772 million, down 0.5% year on year, and the operating loss was ¥30.327 million, compared with an operating loss of ¥27.793 million in the same quarter of the previous year.」

「In the retail business, we focused on creating appealing stores centered on the Farm UNIVERSAL. Although unfavorable weather prevented a significant increase in customer traffic, revenue increased, and the operating loss improved as expenses related to capital investment and depreciation declined. As a result, segment revenue was ¥265 million, up 1.2% year on year, and the operating loss was ¥4 million, compared with an operating loss of ¥17 million in the same quarter of the previous year.」

「In the retail business, revenue increased as awareness of the new stores improved. Segment profit and loss also improved from the previous period because sales during peak periods such as Mother's Day were strong, but the business ultimately remained loss-making because the depreciation burden on capital investment continued to be unrecovered. As a result, segment revenue was ¥1,140 million, up 1.7% year on year, and the operating loss was ¥26 million, compared with an operating loss of ¥85 million in the previous period.」

「As a result, segment revenue was ¥768.808 million, up 2.8% year on year, and the operating loss was ¥46.393 million, compared with an operating loss of ¥123.543 million in the same quarter of the previous year.」

「In the retail business, revenue increased as awareness of the new stores improved, but the segment remained loss-making because the depreciation burden and other costs related to capital investment continued to be unrecovered. As a result, segment revenue was ¥523 million, up 2.6% year on year, and the operating loss was ¥28 million, compared with an operating loss of ¥33 million in the same quarter of the previous year.」

「In the retail business, revenue increased following the reopening of the garden center the Farm UNIVERSAL Chiba in the previous consolidated fiscal year. The operating loss also improved as expenses related to capital investment and depreciation declined. As a result, segment revenue was ¥262 million, up 9.0% year on year, and the operating loss was ¥17 million, compared with an operating loss of ¥20 million in the same quarter of the previous year.」

「We positioned the retail business as a strategic business and actively expanded operations, while pursuing initiatives to strengthen profitability, including cost reductions, to recover our initial investments.」