High Dependence on the D2C Domain
First written in FY2022. 6 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 7 of 29 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Revenue from the D2C domain, which directly sells household goods and other products online to users of Hokuo, Kurashi no Doguten, accounts for most of our group revenue.」
Of consolidated revenue of ¥8,491 million, the Hokuo, Kurashi no Doguten segment accounted for ¥8,269 million, reconfirming the company's dependence on a D2C-centered revenue base. - FY2024RestatedAnnual report
「Revenue from the D2C domain, which directly sells household goods and other products online to users of Hokuo, Kurashi no Doguten, accounts for most of our group revenue.」
The D2C domain remains the main revenue base after consolidation. For the current period, revenue from the Hokuo, Kurashi no Doguten segment was ¥6,677 million, while consolidated revenue was ¥7,013 million. - FY2023RestatedAnnual report
「Revenue from the D2C domain, which directly sells household goods and other products online to users of “北欧、暮らしの道具店,” accounts for the majority of the company's revenue.」
For the full year, revenue was ¥5,851 million for the D2C domain and ¥6,061 million for the company as a whole, reconfirming its dependence on D2C. - FY2023-Q3RestatedAnnual report
「D2C domain 4,460,279 Brand Solutions domain 165,984 Total 4,626,264」
The revenue breakdown for the cumulative period through the third quarter also shows that the D2C domain accounts for most of revenue. - FY2023-Q2RestatedAnnual report
「D2C domain 2,908,527 Brand solutions domain 118,788 Total 3,027,315」
The revenue breakdown also shows that the D2C domain accounts for the majority of sales. - FY2023-Q1RestatedAnnual report
「D2C domain 1,509,640 Brand solutions domain 71,464 Total 1,581,105」
The revenue breakdown for the quarter also shows that the D2C domain accounts for the majority of sales, quantifying the company's dependence on D2C. - FY2022First statedAnnual report
「Revenue from the D2C domain, which directly sells household goods and other products online to users of “北欧、暮らしの道具店,” accounts for the majority of the company's revenue.」
The company identifies declining D2C revenue due to a decline in users or market contraction as a risk, with growth in content and product offerings and brand solutions as responses.