Expansion of online sales of horticultural products through the integration of 園芸ネット株式会社 into the group

「In the retail business, sales increased due to the addition of consolidated subsidiaries, but higher acquisition-related costs associated with M&A resulted in higher sales but lower profit.」

「In the retail business, demand for plants, which had remained high in the previous fiscal year amid the COVID-19 pandemic, began to level off. Higher resource and energy prices, including fuel and electricity costs, and higher personnel expenses resulted in higher sales but lower profit. Retail businesses such as garden centers, green shops, flower shops and online shops are busiest in the fourth quarter due to Mother's Day and seasonal factors. As a result, segment sales were ¥2,056,983 thousand, up 8.8% year on year, while operating profit was ¥48,272 thousand, down 58.8%.」

「In the gardening market for individuals, the Group needs to further strengthen its procurement capabilities to improve its overall competitiveness. The Company believes that grouping 株式会社改良園 into the Group will broaden the range of gardening products handled across the Group and generate synergies that improve its competitiveness in the consumer market.」

「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%.」

「In the retail business, demand from individuals for plants increased as a result of remote work and restrictions on going out, and online sales performed strongly.」

「Meanwhile, demand from individuals for online sales and gardening goods stores increased as a result of remote work and restrictions on going out, resulting in higher sales and profits in the wholesale and retail businesses.」

「Demand from individuals for online sales and gardening goods stores increased as a result of remote work and restrictions on going out, resulting in higher sales and profits in the wholesale and retail businesses.」

「Sales in Japan declined slightly due to the cancellation of plant-rental contracts and revisions to contract terms following customers' office downsizing and closures amid the COVID-19 pandemic. Overseas, economic conditions deteriorated severely because of lockdowns and other factors, but demand for gardening goods stores and online sales increased as a result of remote work and restrictions on going out.」

「Against this backdrop, in our core Green Business, our Group continued to focus on marketing activities to acquire new rental greenery customers and promote sales, and pursued initiatives to create synergies between flower shops and horticultural goods stores and online sales and improve profitability.」

「We pursued initiatives to open new stores, create synergies between flower shops and horticultural goods stores and online sales, and improve profitability.」

「Against this backdrop, in our core Green Business, our Group continued to focus on marketing activities to acquire new rental greenery customers and promote sales, and pursued initiatives to create synergies between flower shops and horticultural goods stores and online sales.」

「While operating green businesses centered on plant rentals and retail businesses for gardening-related products in Japan and overseas, the Company also conducts some online sales. As the market develops and the use of the internet becomes increasingly integrated into people's lives, the Company intends to group 園芸ネット株式会社, a domestic pioneer in online sales of gardening products, to expand its gardening-related business, generate synergies across the Group and establish a foothold for further market expansion.」

「Against this backdrop, in our core Green Business, our Group continued to focus on marketing activities to acquire new rental greenery customers and promote sales, and pursued initiatives to create synergies between flower shops and horticultural goods stores and online sales.」

「The Company has also grouped 園芸ネット株式会社, a domestic pioneer in online sales of gardening products, into the Group and is pursuing initiatives to generate synergies between its stores and online sales, in addition to its retail business.」

「While operating green businesses centered on plant rentals and retail businesses for gardening-related products in Japan and overseas, the Company also conducts some online sales. As the market develops and the use of the internet becomes increasingly integrated into people's lives, the Company intends to group 園芸ネット株式会社, a domestic pioneer in online sales of gardening products, to expand its gardening-related business, generate synergies across the Group and establish a foothold for further market expansion.」