Sharp Fall in Luxury-Brand Prices and Decline in Used-Goods Market Liquidity
First written in FY2023-Q1. 6 of 9 entries say "Restated". Latest entry: 2026-08-10.
Daikokuya Holdings moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
0 other companies' latest entry also says "Materialised".
- 2026-08-10MaterialisedFinancial Results Presentation
「In the first quarter, we purchased cautiously in light of the current surge in secondhand branded-goods prices. Although progress was generally in line with the plan, the variance against the full-year target was negative ¥1,209 million.」
Cautious purchasing in response to surging secondhand branded-goods prices resulted in inventory accumulation falling ¥1,209 million short of the full-year target. - FY2026RestatedAnnual report
「Meanwhile, competition among businesses is becoming increasingly intense, with major industry players continuing to expand through M&A and specialized buyback stores continuing their aggressive store-opening drive.」
The uncertainty in the luxury-brand market and secondhand-goods market was reaffirmed, along with intensifying competition from M&A by major industry players and the opening of specialized buyback stores. - FY2026-H1WorsenedAnnual report
「The global economy during the interim consolidated accounting period remained subject to an uncertain outlook, as the impact of the Trump tariffs, its greatest source of uncertainty, could not be foreseen.」
The impact of the Trump tariffs was described as a new uncertainty affecting the external environment surrounding the luxury-brand market and secondhand-goods market. - FY2025RestatedAnnual report
「Market instability is expected to continue into the next fiscal year, amid revenge spending during COVID-19, the historically weak yen and the resulting wave of price increases, and the disruption to global markets caused by Trump tariffs, among other factors.」
Reconfirmed the risk assessment that instability in the luxury branded goods market and volatility in the external environment will continue into the next fiscal year. - FY2024-Q2RestatedAnnual report
「The business environment surrounding the Group’s secondhand goods trading industry saw luxury branded goods prices rise to levels above those before the Ukraine crisis amid revenge spending during COVID-19, higher prices and the rapid depreciation of the yen. Subsequently, US interest-rate hikes, declines in IT-related stocks, turmoil in financial markets and uncertainty over economic conditions caused luxury branded goods prices to fall sharply and liquidity in the secondhand market to decline, creating market price confusion despite prices in yen rising as the yen weakened.」
Reconfirmed the external market risks of declining luxury branded goods prices, lower secondhand market liquidity and market price confusion. - FY2024-Q1RestatedAnnual report
「Following subsequent US interest-rate hikes, declines in IT-related stocks, turmoil in financial markets and uncertainty over economic conditions have caused luxury branded goods prices to fall sharply and liquidity in the secondhand market to decline, creating market price confusion, despite prices in yen rising as the yen weakened.」
Reconfirmed the external market risks of declining luxury branded goods prices, lower secondhand market liquidity and market price confusion. - FY2023-Q3RestatedAnnual report
「The business environment surrounding the Group’s secondhand goods trading industry saw luxury branded goods prices rise to levels above those before the Ukraine crisis amid revenge spending during COVID-19, higher prices and the rapid depreciation of the yen. Subsequently, US interest-rate hikes, declines in IT-related stocks, turmoil in financial markets and uncertainty over economic conditions caused luxury branded goods prices to fall sharply and liquidity in the secondhand market to decline, creating market price confusion despite prices in yen rising as the yen weakened.」
Reconfirmed the external market risks of declining luxury branded goods prices, lower secondhand market liquidity and market price confusion. - FY2023-Q2RestatedAnnual report
「The business environment surrounding the Group’s secondhand goods trading industry saw luxury branded goods prices rise to levels above those before the Ukraine crisis amid revenge spending during COVID-19, higher prices and the rapid depreciation of the yen. Subsequently, US interest-rate hikes, declines in IT-related stocks, turmoil in financial markets and uncertainty over economic conditions caused luxury branded goods prices to fall sharply and liquidity in the secondhand market to decline, creating market price confusion despite prices in yen rising as the yen weakened.」
Reconfirmed the external market risks of a sharp decline in luxury branded goods prices, lower secondhand market liquidity and market price confusion. - FY2023-Q1First statedAnnual report
「Following subsequent US interest-rate hikes, declines in IT-related stocks, turmoil in financial markets and uncertainty over economic conditions have caused luxury branded goods prices to fall sharply and liquidity in the secondhand market to decline, creating market price confusion, despite prices in yen rising as the yen weakened.」
Recorded for the first time the sharp decline in luxury branded goods prices, lower secondhand market liquidity and market price confusion as external market risks distinct from the previously identified risks of inventory stagnation and obsolescence.