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Himaraya (7514) · FactGolf recovery alongside weaker outdoor sales

Demand for Golf and Outdoor Products Compatible with the “New Lifestyle”

First written in FY2020. 4 of 12 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026-H1.

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ProgressHeldSoftenedWorseAdvancedFY2021-Q1 – FY2021RestatedFY2022-Q1 – FY2024-Q1WorsenedFY2025-H12020: 12021: 420212022: 220222023: 220232024: 120242025: 120252026: 12026
Same theme, other companies
Growth in demand for outdoor sports suited to social distancing during infectious disease outbreaksA theme 3 companies write about · 0 as a headwind · 3 as a tailwind

0 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1Golf recovery alongside weaker outdoor salesAnnual report

    「Golf products exceeded the previous year as sales of new-model and used clubs grew, despite weak performance in winter golf apparel. Outdoor products fell below the previous year because the Company continued to restrain procurement of camping products while assessing market trends, and because it revised prices for outdoor apparel, a key winter product in trekking, at an early stage.」

    In categories that had previously performed strongly against the backdrop of the new lifestyle, golf exceeded the previous year on sales of new-model and used clubs, while outdoor products fell below the previous year due in part to restrained camping-product procurement.
  2. FY2025-H1WorsenedAnnual report

    「Golf sales fell below the previous fiscal year. This was mainly due to weak golf apparel performance caused by weather conditions, as well as the adverse comparison arising from a different sales environment for new golf club products than in the previous fiscal year. Outdoor sales also fell below the previous fiscal year.」

    Golf and outdoor products, which had performed strongly due to their compatibility with the new lifestyle, fell below the previous fiscal year. Golf was affected by weather and the adverse comparison for the new-product environment, while outdoor products were affected by camping demand for high-priced products reaching a peak.
  3. FY2024-Q1RestatedAnnual report

    「Meanwhile, demand for camping equipment and golf equipment related to the COVID-19 pandemic has also run its course, and weak market conditions continue.」

    After the camping and golf demand that expanded during the COVID-19 pandemic peaked, market conditions in both categories have remained weak.
  4. FY2023Camping demand peaked, while apparel and trekking demand remained strongAnnual report

    「Although golf equipment and outdoor camping equipment declined as demand related to the COVID-19 pandemic ran its course, outdoor apparel and trekking demand continued to perform well, partly due to the extremely hot summer.」

    For demand well suited to the new lifestyle, golf and camping reached a peak and declined, while outdoor apparel and trekking became the main areas of strength.
  5. FY2023-Q1RestatedAnnual report

    「Outdoor products performed strongly as demand for outdoor apparel remained high, as in the previous fiscal year, despite camping equipment being affected by deteriorating conditions due to increased competition. Golf products also performed strongly as buoyant market conditions continued, supported by new entrants among beginners.」

    Demand for outdoor apparel remained high, and golf demand remained buoyant, supported by new entrants among beginners.
  6. FY2022-Q2RestatedAnnual report

    「Outdoor products performed strongly as camping demand remained high, as in the previous fiscal year. Golf products also performed strongly as buoyant market conditions continued, supported by new entrants among beginners. Ski and snowboard products performed strongly as the season benefited from favorable snowfall.」

    Demand for camping, golf supported by new entrants among beginners, and skiing and snowboarding, which benefited from favorable snowfall, performed strongly.
  7. FY2022-Q1RestatedAnnual report

    「Outdoor products performed strongly as camping demand remained high, as in the previous fiscal year. Golf products also performed strongly as buoyant market conditions continued, supported by new entrants among beginners.」

    Demand for outdoor and golf products, considered highly compatible with the new lifestyle, remains strong, with camping demand at a high level and a buoyant golf market supported by new entrants among beginners.
  8. FY2021AdvancedAnnual report

    「Golf and outdoor products, considered highly compatible with the “new lifestyle,” performed strongly.」

    Strong performance in golf and outdoor products, which are highly compatible with the new lifestyle, supported full-year sales growth, with golf at 110.4% and outdoor at 119.1% of the previous fiscal year.
  9. FY2021-Q3AdvancedAnnual report

    「By product, golf and outdoor products, which were considered highly compatible with the “new normal,” performed well amid the COVID-19 pandemic. Favorable falling temperatures and snowfall in the first half also contributed, with general sporting goods sales at 109.2%, golf equipment at 114.7%, outdoor equipment at 134.0%, and ski and snowboard equipment at 120.8% of the level in the same period of the previous year.」

    Golf and outdoor products, considered highly compatible with the new lifestyle, performed strongly, and product sales exceeding the previous year were also confirmed on a cumulative basis through the third quarter.
  10. FY2021-Q2AdvancedAnnual report

    「Although sales declined as a reaction to the increased inventory clearance in the same period of the previous year, golf and outdoor products, which were considered highly compatible with the “new normal,” performed well amid the COVID-19 pandemic. Favorable falling temperatures and snowfall also contributed, resulting in sales of 104.1% of the level in the same period of the previous year. By product, general sporting goods sales were 97.2%, golf equipment 101.7%, outdoor equipment 124.6%, and ski and snowboard equipment 121.3%.」

    Golf and outdoor products, considered highly compatible with the new lifestyle, performed strongly, and net sales reached 104.1% of the same period of the previous year.
  11. FY2021-Q1AdvancedAnnual report

    「Net sales exceeded the same period of the previous year. The main factors were strong performance in golf and outdoor products, which were considered highly compatible with the “new lifestyle” under the COVID-19 pandemic; steady performance in other sports as health awareness grew; and the end of the cashless payment points rebate program in e-commerce, which eased the excessive price competition seen in the previous fiscal year.」

    The Company explained that strong performance in golf and outdoor products, which are highly compatible with the new lifestyle, together with steady performance in other sports driven by health awareness, resulted in net sales exceeding the same period of the previous year.
  12. FY2020First statedAnnual report

    「Meanwhile, as consumers’ lifestyles continue to change with the spread of the “new lifestyle,” developments included growing health awareness and a buoyant outdoor leisure market.」

    Regarding the demand environment during the pandemic, the Company described the new lifestyle, growing health awareness and the buoyant outdoor leisure market as new business opportunities.
Moved together

"Continued Price Competition in Golf Clubs" moved the same way as this thread, in the same document, in 5 of its 12 moves.

544444★123456
  1. ★This thread
  2. 1Continued Price Competition in Golf Clubs5×
  3. 2Improvement in Gross Profit Margin4×
  4. 3Improving Profitability and Increasing Cash Flow4×
  5. 4Strong Sales of Outdoor Products4×
  6. 5Diversifying Funding Sources and Reducing Reliance on Interest-Bearing Debt4×
  7. 6Declining sales, sharp earnings decline and net loss attributable to owners of the parent4×

★ 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
Himaraya's next results are scheduled for 2026-10-15. Read the earnings preview
News
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