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Daikokuya Holdings (6993) · TargetDecline in gross profit due to disposal of obsolete inventoryLatest Investor presentation (2026-08-10): "Advanced"

A Profit Model That Prioritizes Gross Profit Margin and Inventory Turnover over Revenue

First written in FY2020-Q1. 13 of 21 entries say "Restated". Latest entry: 2026-08-10.

21entries
8years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2020-Q1 – FY2024-Q2AdvancedFY2024 – FY20252019: 220192020: 320202021: 320212022: 320222023: 320232024: 220242025: 220252026: 32026
Same theme, other companies
An earnings model that prioritizes gross margin and inventory turnover over salesA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. 2026-08-10AdvancedInvestor presentation

    「Set the cross ratio, gross margin multiplied by inventory turnover, at the previous year's level as the bottom line, and promote measures to maintain prices and inventory turnover.」

    The earnings model for maintaining the cross ratio combining gross margin and inventory turnover became concrete as a management indicator and set of initiatives for the fiscal year ending March 2027.
  2. FY2026Decline in gross profit due to disposal of obsolete inventoryAnnual report

    「In terms of profit, gross profit declined due to the disposal of obsolete inventory from previous periods, but the operating loss improved as expenses were optimised through reductions in outsourcing expenses, advertising and promotion expenses, payment fees and other costs.」

    Under a business model that prioritizes inventory turnover and gross margin, gross profit declined due to the disposal of obsolete inventory from prior periods, while the operating loss improved as a result of cost reductions.
  3. 2026-05-18AdvancedInvestor presentation

    「Set the cross ratio, gross margin multiplied by inventory turnover, at the previous year's level as the bottom line, and promote measures to maintain prices and inventory turnover.」

    The cross ratio, combining gross margin and inventory turnover, was established as a KPI, with pricing and turnover management made concrete as initiatives.
  4. FY2026-H1Decline in gross margin during the interim periodAnnual report

    「Daikokuya's overall gross margin declined to 28.0%, down 2.8 percentage points from the previous fiscal year. This decline was partly attributable to the yen shifting from its previous weakening trend toward appreciation, with the yen more than 4% stronger than the average for the same period of the previous year (six-month average: 152.52→145.99), as well as to lower inventory levels.」

    Against a stated revenue model that prioritises gross margin and inventory turnover over net sales, Daikokuya's overall gross margin was 28.0%, down 2.8 percentage points from the previous fiscal year.
  5. FY2025AdvancedAnnual report

    「Daikokuya's overall gross margin remained broadly unchanged at 29.5%, down 0.1 percentage points from the previous fiscal year. The review of purchase and selling prices in anticipation of a recovery in inbound demand and other factors contributed to maintaining a stable margin.」

    Despite the decline in net sales, Daikokuya's gross margin remained broadly unchanged at 29.5% as a result of the review of purchase and selling prices.
  6. FY2025-H1AdvancedAnnual report

    「During the interim consolidated accounting period, our group's net sales were ¥5,000 million, down ¥513 million, or 9.3%, year on year, and gross profit was ¥1,561 million, down ¥98 million, or 5.9%. However, partly because of a shorter inventory holding period, we maintained a gross margin of 31.2%, up 1.1 percentage points year on year.」

    Although net sales declined, the shorter inventory holding period improved gross margin to 31.2%, up 1.1 percentage points year on year.
  7. FY2024AdvancedAnnual report

    「Daikokuya's overall gross margin improved to 29.6%, an improvement of 1.8 percentage points from the previous fiscal year. This was because purchase and selling prices were reviewed in anticipation of a recovery in inbound demand following the removal of the cap on the number of entrants to Japan, among other factors.」

    Following a review of purchase and selling prices, Daikokuya's overall gross margin was 29.6%, an improvement of 1.8 percentage points from the previous fiscal year.
  8. FY2024-Q2RestatedAnnual report

    「Under these circumstances, our group's business model is based on purchasing goods from consumers in C-to-B transactions and then selling them in B-to-C transactions. By purchasing at prices higher than those offered to the general public, assessing market conditions on each occasion, minimising inventory risk and maximising inventory turnover, we have avoided merchandise risk while providing goods to customers.」

    The revenue model that prioritises price decisions based on market conditions, minimising inventory risk and maximising inventory turnover through C-to-B purchases and B-to-C sales was reconfirmed.
  9. FY2024-Q1RestatedAnnual report

    「Our group's business model is based on purchasing goods from consumers in C-to-B transactions and then selling them in B-to-C transactions. By purchasing at prices higher than those offered to the general public, assessing market conditions on each occasion, minimising inventory risk and maximising inventory turnover, we have avoided merchandise risk while providing goods to customers.」

    The revenue model that prioritises inventory management based on market conditions and maximising inventory turnover through C-to-B purchases and B-to-C sales was reconfirmed.
  10. FY2023-Q3RestatedAnnual report

    「Our group's basic policy is to maximise gross margin and inventory turnover, manage appropriate inventory levels according to market conditions, and maximise contribution profit by selling at appropriate prices.」

    The policy of maximising contribution profit through appropriate inventory management and sales at appropriate prices, while prioritising gross margin and inventory turnover over simply maximising net sales, was reconfirmed.
  11. FY2023-Q2RestatedAnnual report

    「Our group's basic policy is to maximise gross margin and inventory turnover, manage appropriate inventory levels according to market conditions, and maximise contribution profit by selling at appropriate prices.」

    The policy of maximising contribution profit through appropriate inventory management and sales at appropriate prices, while prioritising gross margin and inventory turnover over simply maximising net sales, was reconfirmed.
  12. FY2022RestatedAnnual report

    「Our group's basic policy is to maximise gross margin and inventory turnover, manage appropriate inventory levels according to market conditions, and maximise contribution profit by selling at appropriate prices.」

    The policy of maximising contribution profit through appropriate inventory management and sales at appropriate prices, while prioritising gross margin and inventory turnover over simply maximising net sales, was reconfirmed.
  13. FY2022-Q3RestatedAnnual report

    「Our group's basic policy is to maximise gross margin and inventory turnover, manage appropriate inventory levels according to market conditions, and maximise contribution profit by selling at appropriate prices.」

    The policy of maximising contribution profit through appropriate inventory management and sales at appropriate prices, while prioritising gross margin and inventory turnover over simply maximising net sales, was reconfirmed.
  14. FY2022-Q2RestatedAnnual report

    「Our basic policy is to maximise gross margin and inventory turnover and thereby maximise contribution profit.」

    The basic policy of prioritising the maximisation of gross margin, inventory turnover and contribution profit over simply maximising net sales was reconfirmed.
  15. FY2022-Q1RestatedAnnual report

    「Our group's basic policy is to maximise gross margin and inventory turnover, manage appropriate inventory levels according to market conditions, and maximise contribution profit by selling at appropriate prices.」

    The policy of maximising contribution profit through appropriate inventory management and sales at appropriate prices, while prioritising gross margin and inventory turnover over simply maximising net sales, was reconfirmed.
  16. FY2021-Q3RestatedAnnual report

    「Our group's basic policy is to maximise gross margin and inventory turnover, manage appropriate inventory levels according to market conditions, and maximise contribution profit by selling at appropriate prices.」

    The basic policy of prioritising gross margin, inventory turnover and contribution profit, while managing appropriate inventory levels according to market conditions and selling at appropriate prices, was reconfirmed.
  17. FY2021-Q2RestatedAnnual report

    「Our group's basic policy is to maximise gross margin and inventory turnover and thereby maximise contribution profit.」

    The basic policy of prioritising the maximisation of gross margin, inventory turnover and contribution profit over simply maximising net sales was reconfirmed.
  18. FY2021-Q1RestatedAnnual report

    「Our group's basic policy is to maximise gross margin and inventory turnover and thereby maximise contribution profit.」

    The basic policy of prioritising the maximisation of gross margin, inventory turnover and contribution profit over simply maximising net sales was reconfirmed.
  19. FY2020-Q3RestatedAnnual report

    「In other words, the aim is to maximise gross margin and inventory turnover through these transactions and thereby maximise contribution profit.」

    The revenue model of maximising gross margin, inventory turnover and contribution profit through C-to-B purchases and B-to-C sales, rather than simply maximising net sales, was reconfirmed.
  20. FY2020-Q2RestatedAnnual report

    「Because our group's business model is based on purchasing products from consumers in CtoB transactions and selling products to consumers in BtoC transactions, maximising net sales is not the top priority. Rather, through transactions spanning CtoBtoC, our objective is to maximise gross profit margin and inventory turnover and maximise marginal profit.」

    The revenue model that prioritises gross margin, inventory turnover and contribution profit across the entire C-to-B-to-C transaction flow rather than simply maximising net sales was reconfirmed.
  21. FY2020-Q1First statedAnnual report

    「Because our group's business model is based on purchasing products from consumers in CtoB transactions and selling products to consumers in BtoC transactions, maximising net sales is not the top priority. Rather, through transactions spanning CtoBtoC, our objective is to maximise gross profit margin and inventory turnover and maximise marginal profit.」

    For the first time, the company explicitly stated its approach of prioritising the maximisation of gross margin, inventory turnover and contribution profit over maximising net sales across transactions from C-to-B purchases to B-to-C sales.
Moved together

"Securing Funding Through Operating Cash Flow, Borrowings and Equity Issuance" moved the same way as this thread, in the same document, in 4 of its 21 moves.

433333★123456
  1. ★This thread
  2. 1Securing Funding Through Operating Cash Flow, Borrowings and Equity Issuance4×
  3. 2Business Expansion through Acquisitions, Equity Investments and Business Alliances3×
  4. 3Short-term adjustment of high-value inventory in response to yen appreciation and weaker demand3×
  5. 4Improvement in Electrical Equipment Business Profit Margins and Development of LED Sales Channels3×
  6. 5Reduction of Interest-Bearing Debt and Lowering of the Debt Ratio3×
  7. 6Risk of increased reliance on interest-bearing debt3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Daikokuya Holdings yet. It last moved in the Investor presentation of 2026-08-10: "Advanced".
News
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A Profit Model That Prioritizes Gross Profit Margin and Inventory Turnover over Revenue | Daikokuya Holdings Co.,Ltd. (6993) | Komori