Margin Improvement and Profit Growth Amid Declining Sales
First written in FY2021. 8 of 21 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2020: 24 of 107 companies on the "Worse" side.
20 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In terms of profit, partly reflecting the effect of revisions to the useful lives of certain fixed assets described above, operating profit was ¥939 million, up 17.2% year on year; ordinary profit was ¥958 million, up 16.6%; and net income was ¥651 million, up 29.5%. All substantially exceeded the same period of the previous year, marking record-high results.」
Revenue was ¥12,383 million, operating profit was ¥939 million, ordinary profit was ¥958 million and net income was ¥651 million, resulting in record-high performance. The company also described the impact of revisions to the useful lives of certain fixed assets. - FY2026-H1Higher revenue and lower earningsAnnual report
「Net sales were ¥5,728 million, up 4.4% year on year. Selling, general and administrative expenses were ¥2,956 million, up 9.0% year on year, due to increases in personnel expenses and rent associated with the 2 stores mentioned above, as well as advertising expenses and other costs related to new marketing initiatives. In terms of earnings, operating income was ¥249 million, down 30.2% year on year; ordinary income was ¥267 million, down 28.8%; and income taxes and other taxes were ¥98 million. As a result, interim net income was ¥168 million, down 24.3%.」
Sales increased due to higher expenses associated with new store openings and marketing initiatives, while operating income, ordinary income and interim net income all fell below the same period of the previous year. - FY2025AdvancedAnnual report
「Net sales were ¥11,460 million, up 2.6% year on year. In terms of earnings, operating income was ¥801 million, up 27.3% year on year; ordinary income was ¥821 million, up 25.0%; and net income was ¥503 million, up 13.4%, representing a substantial increase over the same period of the previous year.」
While proceeding with new store openings and new product development, sales increased 2.6%, operating income increased 27.3%, ordinary income increased 25.0%, and net income increased 13.4%, resulting in a shift from earnings declines in the previous fiscal year to earnings growth. - FY2025-H1AdvancedAnnual report
「Net sales were ¥5,485 million, up 7.3% year on year. Selling, general and administrative expenses were ¥2,713 million, up 2.2% year on year, due to increases in personnel expenses, rent and other costs associated with the 3 stores mentioned above. In terms of earnings, operating income was ¥357 million, up 233.2% year on year; ordinary income was ¥376 million, up 186.5%; and income taxes and other taxes were negative ¥125 million. As a result, interim net income was ¥222 million, up 177.8%.」
Personnel expenses, rent and other costs increased in connection with the opening of 3 new stores, while sales increased 7.3% year on year, operating income increased 233.2%, ordinary income increased 186.5%, and interim net income increased 177.8%. - FY2024Higher revenue and lower earningsAnnual report
「Net sales were ¥11,167 million, up 7.3% year on year. In terms of earnings, operating income was ¥629 million, down 4.5% year on year, and ordinary income was ¥656 million, down 4.7%. The Company recorded an extraordinary loss of ¥29 million associated with the relocation of the MARUNOUCHI Global Style flagship store, resulting in net income of ¥443 million, down 6.2%.」
Sales increased due to new store openings and other factors, while operating income, ordinary income and net income all declined due to higher personnel expenses, rent, advertising expenses and other costs associated with new store openings. - FY2024-Q3Higher revenue and lower earningsAnnual report
「As a result of these initiatives, net sales were ¥8,375 million, up 6.8% year on year. Selling, general and administrative expenses were ¥4,038 million, up 11.5% year on year, due to increases in rent, advertising expenses and other costs associated with new store openings. In terms of earnings, operating income was ¥436 million, down 21.2% year on year; ordinary income was ¥467 million, down 19.5%; and quarterly net income was ¥297 million, down 28.4%.」
Cumulative third-quarter sales increased, while operating income, ordinary income and quarterly net income all fell below the same period of the previous year due to higher rent, advertising expenses and other costs associated with new store openings. - FY2024-Q2Higher revenue and lower earningsAnnual report
「Net sales were ¥5,113 million, up 9.3% year on year. Selling, general and administrative expenses were ¥2,655 million, up 13.7% year on year, due to increases in rent, advertising expenses and other costs associated with new store openings. In terms of earnings, operating income was ¥107 million, down 32.7% year on year; ordinary income was ¥131 million, down 26.2%; and quarterly net income was ¥80 million, down 51.4%.」
Cumulative first-half sales increased 9.3% year on year, while operating income, ordinary income and quarterly net income all declined due to higher rent, advertising expenses and other costs associated with new store openings. - FY2024-Q1Widening Quarterly LossAnnual report
「Net sales were ¥1,884 million, up 0.1% year on year. Selling, general and administrative expenses were ¥1,319 million, up 14.9% year on year, due to increases in rent, advertising expenses and other costs incurred ahead of the recognition of sales in connection with the opening of the 3 stores mentioned above. In terms of earnings, the Company posted an operating loss of ¥312 million, compared with an operating loss of ¥144 million in the same period of the previous year; an ordinary loss of ¥303 million, compared with an ordinary loss of ¥134 million; and income taxes and other taxes of negative ¥101 million. As a result, the quarterly net loss was ¥201 million, compared with a quarterly net loss of ¥30 million in the same period of the previous year.」
Sales increased only 0.1% year on year, while expenses associated with new store openings increased selling, general and administrative expenses by 14.9%, resulting in wider operating, ordinary and quarterly net losses than in the same period of the previous year. - FY2023AdvancedAnnual report
「Net sales were ¥10,407 million, up 14.4% year on year. Selling, general and administrative expenses were ¥4,905 million, up 14.0% year on year, due to increases in personnel expenses, rent and other costs associated with new store openings, as well as advertising expenses and other costs from active web advertising initiatives. In terms of earnings, operating income was ¥659 million, up 20.2% year on year; ordinary income was ¥689 million, up 23.1%; and net income was ¥473 million, up 37.9%.」
Sales, operating income, ordinary income and net income all exceeded the same period of the previous year despite higher expenses associated with 6 new store openings and web advertising initiatives. - FY2023-Q3AdvancedAnnual report
「Net sales were ¥7,844 million, up 15.4% year on year. Selling, general and administrative expenses were ¥3,623 million, up 13.5% year on year, due to increases in rent and other expenses associated with new store openings and advertising expenses related to web advertising initiatives. In terms of earnings, operating income was ¥554 million, up 23.7% year on year; ordinary income was ¥581 million, up 27.5%; and quarterly net income was ¥415 million, up 45.9%.」
Cumulative third-quarter sales and earnings increased, with sales, operating income, ordinary income and quarterly net income all exceeding the same period of the previous year. The Company also reported higher expenses associated with new store openings and web advertising. - FY2023-Q2Higher revenue, lower operating profit and higher net profitAnnual report
「Net sales were ¥4,676 million, up 7.2% year on year. Selling, general and administrative expenses were ¥2,335 million, up 11.0% year on year, due to increases in rent and other expenses associated with new store openings and advertising expenses related to web advertising initiatives. In terms of earnings, operating income was ¥159 million, down 32.4% year on year; ordinary income was ¥177 million, down 25.5%; and quarterly net income was ¥165 million, up 12.8%.」
Cumulative first-half sales increased, while higher expenses from new store openings and web advertising initiatives reduced operating income and ordinary income; quarterly net income increased. - FY2023-Q1Higher revenue and narrower lossesAnnual report
「Net sales were ¥1,881 million, up 13.7% year on year. In terms of earnings, the Company posted an operating loss of ¥144 million, compared with an operating loss of ¥142 million in the same period of the previous year; an ordinary loss of ¥134 million, compared with an ordinary loss of ¥140 million; and an income tax adjustment of ¥108 million. As a result, the quarterly net loss was ¥30 million, compared with a quarterly net loss of ¥96 million in the same period of the previous year.」
Sales increased year on year, while the ordinary loss and quarterly net loss narrowed; the operating loss, however, widened slightly. - FY2022AdvancedAnnual report
「Net sales were ¥9,093 million, up 9.2% year on year. In terms of earnings, operating income was ¥548 million, up 77.7% year on year; ordinary income was ¥559 million, up 75.0%; and net income was ¥343 million, up 40.4%.」
After posting a loss in the first quarter, full-year results showed increases in both sales and earnings, with operating income, ordinary income and net income all higher year on year. - FY2022-Q3AdvancedAnnual report
「Net sales were ¥6,796 million, up 5.7% year on year. In terms of earnings, operating income was ¥447 million, up 96.7% year on year; ordinary income was ¥455 million, up 92.2%; and quarterly net income was ¥284 million, up 86.4%.」
After posting a loss in the first quarter, cumulative third-quarter sales increased, while operating income, ordinary income and quarterly net income all increased significantly year on year. - FY2022-Q1Quarterly loss recordedAnnual report
「In terms of earnings, the Company posted an operating loss of ¥142 million, an ordinary loss of ¥140 million, and a quarterly net loss of ¥96 million.」
In contrast to the earnings growth in the previous fiscal year, the Company posted operating, ordinary and net losses in the first quarter. It also noted the seasonal factor that sales account for a smaller proportion in the first quarter. - FY2021First statedAnnual report
「As the gross profit margin improved by 5.4 percentage points, operating income was ¥309 million, up 59.6% year on year; ordinary income was ¥319 million, up 24.4%; and net income was ¥244 million, up 32.2%.」
In the fiscal year ended July 2021, net sales were ¥8,326 million, down 7.7% year on year, while operating income, ordinary income and net income increased.