Strengthening the China purchase and sales business through 上海黛庫商業有限公司
First written in FY2021. 3 of 13 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1Continued weakness in travel from China, yen exchange-rate volatility and inventory constraintsAnnual report
「The decline was attributable to inventory levels falling as a result of restraining purchases. Travelers from China, 大黒屋’s main source of foreign customers, remained at 70% of the peak level, while the Company also restrained purchases to avoid the risk of exchange-rate volatility caused by the rapid depreciation of the yen and subsequent sharp fluctuations. Inventory (¥1,493 million) was down ¥255 million year on year.」
Travelers from China remained at 70% of the peak level, while restrained purchasing to avoid exchange-rate volatility and inventory falling to ¥1,493 million continued to constrain China-related sales. - FY2025China business stagnated due to weak travel from China and inventory constraintsAnnual report
「The decline was attributable to the failure of Chinese tourist arrivals to recover, as the downturn in the Chinese economy caused by the property slump and other factors continued to weigh on demand. In 2024, arrivals had recovered to only slightly more than 70% of the 2019 level, which did not lead to a recovery in sales. In addition, inventory was reduced to the minimum level during the pandemic to avoid risk, while scheduled debt repayments reduced working capital. As a result, inventory was approximately ¥2.2 billion below its pre-pandemic level, falling from approximately ¥3.6 billion to approximately ¥1.4 billion.」
Weak Chinese demand for travel to Japan due to the downturn in the Chinese economy, together with inventory approximately ¥2.2 billion below the pre-pandemic level, continued to constrain China-related sales throughout the full year. - FY2025-H1Continued weakness in travel from China and inventory constraintsAnnual report
「The decline was attributable to inventory levels falling as a result of restraining purchases. Travelers from China, 大黒屋’s main source of foreign customers, remained at 70% of the peak level, while the Company also restrained purchases to avoid the risk of exchange-rate volatility caused by the rapid depreciation of the yen and subsequent sharp fluctuations. Inventory (¥1,493 million) was down ¥255 million year on year.」
The environment for expanding the China business through the Shanghai subsidiary and other entities remained constrained by travelers from China being at only 70% of the peak level, restrained purchasing, and inventory falling to ¥1,493 million. - FY2024-Q2Demand recovery remained limited even after the resumption of group tours from ChinaAnnual report
「The decline was due to Chinese tourists, who account for most foreign visitors to Japan, continuing to travel in small numbers until the Chinese authorities lifted the ban on group tours on 10 August this year, despite the expected lifting of restrictions on group-tour travel, as well as a decrease in inventory levels, with inventories at ¥1,748 million, down ¥181 million from the previous period.」
The Chinese authorities lifted the ban on group tours on 10 August, but demand from Chinese group tours to Japan during the period remained limited to small numbers. The decline in inventory levels was also cited as a constraint on the China business and sales. - FY2024-Q1Absence of demand from Chinese group tours to Japan and decline in cross-border-related salesAnnual report
「The decline was due to the absence of inbound demand from Chinese tourists traveling to Japan in tour groups, because the Chinese authorities did not lift the expected restrictions on group-tour travel even after the current period began, as well as a substantial decrease in inventory levels, with inventories at ¥1,459 million, down ¥627 million from the previous period.」
Regarding the China business, the Chinese authorities’ anticipated lifting of restrictions on group-tour travel did not materialize, and there was no inbound demand from Chinese tourists traveling to Japan on group tours. - FY2023-Q3Domestic buy-and-sell operations in China slowed as infections spread following the policy shiftAnnual report
「In cross-border-related operations, sales from cross-border e-commerce, live shopping and other activities increased steadily to ¥731 million, up ¥82 million year on year. However, the spread of infections following China’s shift away from its zero-COVID policy slowed growth in the domestic buy-and-sell business in China.」
Domestic buy-and-sell operations in China through the Shanghai subsidiary and other entities saw slower growth as infections spread following the shift away from the zero-COVID policy. Cross-border e-commerce and live shopping, however, increased. - FY2023-Q2Slowing growth in domestic buy-and-sell operations in China and store-network restructuringAnnual report
「Although growth in the domestic Chinese business subsequently slowed as the zero-COVID policy halted the movement of people, the Company is reconsidering online sales and purchasing for various events through remote work by local staff and expects to rebuild its store network alongside online trading, with the post-pandemic period in mind.」
While growth in domestic buy-and-sell operations in China through 上海黛庫商業有限公司 slowed under the zero-COVID policy, the Company formulated a specific response policy to reconsider online sales and purchasing for events through remote work and rebuild its store network with the post-pandemic period in mind. - FY2023-Q1AdvancedAnnual report
「The Company has begun selling through cross-border e-commerce on TMALL Global. Marketing activities by its local Chinese subsidiary will further strengthen cross-border e-commerce sales of the Group’s products on other online platforms. In line with the sales capability of these e-commerce products, the Company is focusing on its domestic buy-and-sell business in China.」
The Company moved forward with parallel efforts centered on 上海黛庫商業有限公司 to strengthen cross-border e-commerce on TMALL Global and other online platforms, as well as domestic buy-and-sell operations in China. - FY2022AdvancedAnnual report
「As part of this initiative, 上海黛庫商業有限公司 opened 大黒屋高青路店 in late December last year as its first purchasing store inside 盒馬鮮生, a member of the Alibaba Group.」
For the domestic buy-and-sell business in China through 上海黛庫商業有限公司, the Company opened its first purchasing store inside 盒馬鮮生, an Alibaba Group company, and moved into the execution stage of expanding its local store network. - FY2022-Q3AdvancedAnnual report
「As part of these efforts, Shanghai Daiku opened Daikokuya Koka Road Store in late December last year as its first purchase outlet inside Alibaba Group's 盒馬鮮生, and is expected to further expand its store network.」
For the domestic buy-and-sell business in China through 上海黛庫商業有限公司, the Company opened its first purchasing store inside 盒馬鮮生 and moved into the execution stage of expanding its local store network. - FY2022-Q2RestatedAnnual report
「The establishment of the Company’s wholly owned subsidiary 上海黛庫商業有限公司 in Shanghai in the second half of the previous consolidated fiscal year has made it possible to pursue consistent branding and marketing strategies. The Company plans to further strengthen cross-border e-commerce and its buy-and-sell business in China.」
The Company reaffirmed its policy of strengthening consistent branding and marketing operations, cross-border e-commerce, and domestic buy-and-sell operations in China, based on 上海黛庫商業有限公司. - FY2022-Q1RestatedAnnual report
「With a view to the future expansion of the secondhand luxury-goods market in mainland China, centered on the subsidiary, the Group continues to expand its buy-and-sell business in mainland China by drawing on the name recognition and authentication expertise it has cultivated in China over many years.」
The Company reaffirmed its policy of continuing to strengthen its buy-and-sell business centered on 上海黛庫商業有限公司, using its name recognition and authentication expertise in China. - FY2021First statedAnnual report
「Having established a wholly owned subsidiary in Shanghai, the Company plans to actively strengthen its buy-and-sell business in China going forward.」
Following the dissolution of the Chinese joint venture, the Company established the wholly owned subsidiary 上海黛庫商業有限公司 in Shanghai and recorded, for the first time as an independent theme, the initiative to directly strengthen its domestic buy-and-sell business in China.