Changes in the business conditions of certain customers, including GMS and department stores
First written in FY2019. 1 of 3 entries say "Materialised", first in FY2020. Latest entry: FY2022.
The whole theme swung hardest in 2020: 5 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual report
「The Group consists of the company and 4 consolidated subsidiaries, for a total of 5 companies, and its principal business is systems development.」
The dependence on specific customers such as GMSs and department stores, and the risk of customer store closures, are not included among the principal risks for the current fiscal year following the transfer of the apparel business. - FY2020MaterialisedAnnual report
「Despite being forced to reduce the scale of stores carrying its products due to store closures and other factors involving customer mass retailers, the company steadily grew by pursuing higher business profitability through reviews of its cost structure and optimization of personnel allocation, achieving a return to operating profitability in the fiscal year ended March 2019.」
The company states that actual reductions in the number of stores carrying its products due to store closures by GMSs and others affected ラブリークィーン's sales scale and profitability. - FY2019First statedAnnual report
「Most of our sales are generated through sales to GMSs (general merchandise stores) and department stores. If the business conditions of these customers change, for example, through a change in business format or poor performance, sales could decline due to store closures or reduced sales floor space, affecting the operating results and financial position of our Group.」
The company identifies as risks the impact of store closures, reduced sales floor space and changes in transaction terms resulting from the apparel segment's reliance on sales to GMSs and department stores.