Improvement in Gross Profit Margin
First written in FY2016-Q3. 11 of 35 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-10-15.
Himaraya moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
The whole theme swung hardest in 2022: 2 of 13 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「The gross profit margin remained below the previous year's level because we proceeded with price adjustments mainly for seasonal merchandise once signs of a mild winter emerged.」
Gross profit margin fell below the previous year’s level due to price adjustments for seasonal merchandise in response to signs of a mild winter. - FY2025AdvancedAnnual report
「Gross profit for the consolidated fiscal year was ¥21,202 million, slightly above the previous fiscal year’s level, partly because inventory condition was improving.」
Gross profit was slightly higher than in the previous fiscal year, reflecting factors including an improving inventory position. - FY2025-H1AdvancedAnnual report
「Gross profit margin was higher than in the previous fiscal year, as the Company maintained appropriate inventory levels, particularly in apparel, by controlling purchases in line with sales trends and sought to limit markdown disposals.」
Gross profit margin exceeded the previous fiscal year through controls on purchases in line with sales trends, maintenance of appropriate inventory levels, and restraint of markdown disposals. - FY2024-Q3RestatedAnnual report
「The gross profit margin also declined because of efforts to clear excess inventory across the apparel market and markdowns on ski and snowboard equipment.」
The company continued to explain that the gross profit margin declined due to efforts to clear excess inventory across the market and markdowns on ski and snowboard equipment. - FY2024-Q2WorsenedAnnual report
「The gross profit margin also declined because of efforts to clear excess inventory across the autumn/winter apparel market, where sales typically account for a larger proportion seasonally, and markdowns on ski and snowboard equipment.」
The gross profit margin declined due to the clearance of excess autumn/winter apparel inventory and markdowns on ski and snowboard equipment. - FY2024-Q1WorsenedAnnual report
「The gross profit margin declined due to the impact of categories undergoing price adjustments and the higher proportion of autumn/winter apparel sold after markdowns as high temperatures persisted from autumn onward.」
The gross profit margin declined because of categories undergoing price adjustments and the higher proportion of autumn/winter apparel sold at markdowns due to high temperatures. - FY2023WorsenedAnnual report
「The gross profit margin declined significantly, by 1.9 percentage points from the previous fiscal year, as the company responded promptly to sales of apparel affected by winter temperature trends and changes in the market environment for camping merchandise in the outdoor category, making inventory normalisation in that category its top priority. This became the primary factor behind the decline in operating profit.」
The gross profit margin declined by 1.9 percentage points from the previous fiscal year due to efforts to normalise inventory and the impact of the apparel sales environment, worsening the gross profit margin improvement theme. - FY2023-Q2WorsenedAnnual report
「Meanwhile, the gross profit margin declined as the company reduced inventory of apparel affected by temperature trends and camping equipment in the process of adjusting supply and demand.」
The company explained that the gross profit margin declined because of inventory reductions for apparel affected by temperature trends and camping equipment. - FY2022AdvancedAnnual report
「Gross profit for the consolidated fiscal year was ¥21,631 million, mainly because the company maintained appropriate inventory control while avoiding excessive price competition throughout the year, and therefore did not incur a significant inventory clearance burden.」
Regarding its policy of prioritising the preservation of the gross profit margin, the company reported full-year gross profit of ¥21,631 million after avoiding excessive price competition and containing the inventory clearance burden. - FY2022-Q3Existing-store sales fell below the same period of the previous year as the company prioritised preserving the gross profit marginAnnual report
「Existing-store sales were slightly below the same period of the previous year because the company prioritised preserving the gross profit margin amid the effects of intermittent states of emergency and other factors. Meanwhile, the e-commerce business continued to outperform its plan throughout the cumulative third quarter.」
The company explained that existing-store sales were slightly below the same period of the previous year as a result of prioritising the preservation of the gross profit margin. Meanwhile, the e-commerce business progressed ahead of plan. - FY2021AdvancedAnnual report
「The consolidated gross profit margin was 35.8%, up 2.0 percentage points from the previous year, mainly because the company maintained appropriate inventory control throughout the year without incurring a significant inventory clearance burden and improved margins in its e-commerce business.」
Appropriate inventory control and improved margins in the e-commerce business lifted the gross profit margin to 35.8%, up 2.0 percentage points year on year. - FY2021-Q3AdvancedAnnual report
「The consolidated gross profit margin was 35.7%, up 2.7 percentage points from the same period of the previous fiscal year, because seasonal trends progressed smoothly in the first half and the company did not incur an inventory clearance burden.」
The consolidated gross profit margin was 35.7%, up 2.7 percentage points year on year. The company cited the absence of an inventory clearance burden, among other factors. - FY2021-Q2AdvancedAnnual report
「The consolidated gross profit margin was 35.3%, up 2.3 percentage points from the same period of the previous fiscal year, because seasonal trends generally progressed smoothly and the company did not incur a significant inventory clearance burden.」
The consolidated gross profit margin was 35.3%, up 2.3 percentage points year on year. - FY2021-Q1AdvancedAnnual report
「The consolidated gross profit margin was 35.5%, up 1.0 percentage point from the same period of the previous fiscal year, because seasonal trends generally progressed smoothly and the company did not incur a significant inventory clearance burden, despite the impact of rising temperatures from mid-November onward.」
The consolidated gross profit margin was 35.5%, up 1.0 percentage point year on year. - FY2020WorsenedAnnual report
「The consolidated gross profit margin was 33.8%, down 0.4 percentage points from the previous fiscal year, partly due to the clearance of winter merchandise and the impact of sales held in September 2019 before the consumption tax rate increase.」
The full-year consolidated gross profit margin was 33.8%, down 0.4 percentage points from the previous fiscal year. - FY2020-Q3The decline in gross profit margin narrowed, but the margin continued to fallAnnual report
「The consolidated gross profit margin was 33.0%, down 0.7 percentage points from the same period of the previous fiscal year, partly due to the clearance of winter merchandise and the impact of sales held in September before the consumption tax rate increase.」
The consolidated gross profit margin was 33.0%, down 0.7 percentage points year on year. The decline narrowed from 1.0 percentage point in the previous quarter, but the margin did not improve. - FY2020-Q2WorsenedAnnual report
「The consolidated gross profit margin was 33.0%, down 1.0 percentage point from the same period of the previous fiscal year, partly due to the clearance of winter merchandise and the impact of sales held in September before the consumption tax rate increase.」
The consolidated gross profit margin was 33.0%, down 1.0 percentage point year on year due to the clearance of winter merchandise and the impact of sales held before the consumption tax rate increase. - FY2020-Q1Gross profit margin edged down due to sales held before the consumption tax rate increaseAnnual report
「The consolidated gross profit margin was 34.5%, down 0.1 percentage points from the same period of the previous fiscal year, partly due to the impact of sales held in September before the consumption tax rate increase.」
The gross profit margin was 34.5%, down 0.1 percentage points year on year. Sales held before the consumption tax rate increase were cited as a factor behind the decline. - FY2019-Q3Gross profit margin continued to decline, but the year-on-year decline narrowedAnnual report
「The consolidated gross profit margin was 33.7%, down 0.8 percentage points from the same period of the previous year, due to the substantial growth of e-commerce sales, which are strongly affected by price competition, as well as the increased burden of clearing inventory caused by a mild winter and low snowfall.」
While maintaining its policy of improving the gross profit margin, the gross profit margin declined by 0.8 percentage points year on year. - FY2019-Q2Gross profit margin declined due to online sales growth and the inventory clearance burden caused by the warm winter and low snowfallAnnual report
「The consolidated gross profit margin was 34.0%, down 1.1 percentage points from the same period of the previous year, due to the substantial growth of e-commerce sales, which are strongly affected by price competition, as well as the increased burden of clearing inventory caused by a mild winter and low snowfall.」
While maintaining its policy of improving the gross profit margin, the gross profit margin was 34.0%, down 1.1 percentage points year on year. - FY2019-Q1Gross profit margin declined year on yearAnnual report
「The consolidated gross profit margin was 34.6%, down 1.5 percentage points from the same period of the previous fiscal year, partly because online sales, which are strongly affected by price competition, grew substantially.」
While maintaining its policy of improving the gross profit margin, the gross profit margin for the first quarter was 34.6%, down 1.5 percentage points year on year. - FY2018Full-year gross profit margin declined despite the improvement policyAnnual report
「The consolidated gross profit margin was 34.9%, down 0.2 percentage points from the previous fiscal year, partly because online sales, which are strongly affected by price competition, grew substantially.」
While promoting improvement in the gross profit margin, the full-year consolidated gross profit margin was 34.9%, down 0.2 percentage points from the previous fiscal year. - FY2018-Q3Gross profit margin declined despite the improvement policy as online sales grewAnnual report
「The consolidated gross profit margin was 34.5%, down 0.3 percentage points from the same period of the previous year, partly because internet sales, which are strongly affected by price competition, grew substantially.」
While maintaining its policy of improving the gross profit margin, the gross profit margin was 34.5%, down 0.3 percentage points year on year, partly because online sales, which are strongly affected by price competition, grew. - FY2018-Q2AdvancedAnnual report
「The consolidated gross profit margin was 35.1%, up 0.8 percentage points from the same period of the previous year, due in part to favourable weather and improvements made during the previous fiscal year to the winter-product inventory mix.」
The consolidated gross profit margin increased by 0.8 percentage points year on year, partly due to improvements in inventory composition. - FY2018-Q1AdvancedAnnual report
「The consolidated gross profit margin was 36.1%, up 0.3 percentage points from the same period of the previous year, reflecting detailed purchasing and inventory management for highly seasonal products, among other factors.」
Against the policy of improving the gross profit margin, the consolidated gross profit margin for the first quarter was 36.1%, up 0.3 percentage points year on year. - FY2017Full-year gross profit margin declined despite reiteration of the improvement policyAnnual report
「The consolidated gross profit margin was 35.1%, down 1.0 percentage point from the previous fiscal year, mainly because the company strengthened clearance sales of winter clothing, miscellaneous goods and winter sports equipment due to the warm winter and low snowfall.」
While maintaining its policy of improving the gross profit margin, the consolidated gross profit margin was 35.1%, down 1.0 percentage point from the previous fiscal year. - FY2017-Q3Results continued to decline despite reiteration of the improvement policyAnnual report
「The consolidated gross profit margin was 34.8%, down 1.2 percentage points from the same period of the previous fiscal year, mainly because the company strengthened clearance sales of winter clothing, miscellaneous goods and winter sports equipment due to the warm winter and low snowfall.」
While maintaining its policy of improving the gross profit margin, the consolidated gross profit margin was 34.8%, down 1.2 percentage points year on year. - FY2017-Q2Results declined despite reiteration of the improvement policyAnnual report
「The consolidated gross profit margin was 34.3%, down 1.8 percentage points from the same period of the previous fiscal year, as the company strengthened clearance sales of winter clothing, miscellaneous goods and winter sports equipment due to the warm winter and low snowfall, and promoted discount campaigns in a retail market that had shifted toward deflationary preferences.」
While maintaining its policy of improving the gross profit margin, the consolidated gross profit margin for the cumulative second quarter was 34.3%, down 1.8 percentage points year on year. - FY2017-Q1RestatedAnnual report
「The company is revitalising existing stores, improving low-profitability stores, increasing inventory efficiency and improving the gross profit margin,」
The company continues to identify improvement in the gross profit margin as a measure. - FY2016-Q3First statedAnnual report
「The company is revitalising existing stores, improving low-profitability stores, increasing inventory efficiency and improving the gross profit margin,」
The company explicitly identified improvement in the gross profit margin as an area for improvement but did not disclose a future target.