Komori
Himaraya (7514) · InitiativePurchasing restraint and price reviews alongside higher merchandise inventoriesLatest Occurring Fact (2026-10-09): "Advanced"

Improving Inventory Efficiency

First written in FY2016-Q3. 8 of 32 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-10-09.

32entries
11years
1from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2016-Q3 – FY2017OtherFY2018-Q3 – FY2021-Q3OtherFY2023 – FY2026-H12016: 120162017: 420172018: 420182019: 320192020: 420202021: 420212022: 420222023: 220232024: 220242025: 220252026: 22026
Same theme, other companies

The whole theme swung hardest in 2026: 7 of 56 companies on the "Worse" side.

40 other companies' latest entry also says "Advanced".

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.
Showing 14 of the 91 companies compared. The sentences above are computed from all 91.
Full recordFilings, disclosures and news, newest first
  1. 2026-10-09AdvancedOccurring Fact

    「売れ筋商品の峻別と在庫コントロールの強化に取り組んだ結果、現在の主力カテゴリーであるラケットスポーツおよびシューズ販売は引き続き好調に伸長し、加えて、経費の削減活動を推し進めたことにより、営業利益は前期を上回りました。」

    在庫コントロールの強化が、売れ筋商品の峻別と主力カテゴリーの販売伸長に結び付く施策として記載された。
  2. FY2026-H1Purchasing restraint and price reviews alongside higher merchandise inventoriesAnnual report

    「Outdoor equipment sales fell below the previous year because the company continued to restrain purchases of camping equipment while assessing market trends, and promptly reviewed prices of outdoor apparel, a key winter product, in trekking equipment. This was mainly due to a ¥1,170 million increase in merchandise.」

    While the company restrained purchases of camping equipment and proceeded with apparel price reviews, the merchandise balance increased by ¥1,170 million from the end of the previous consolidated fiscal year.
  3. FY2025Merchandise inventory increased while inventory condition improvedAnnual 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.」

    The merchandise balance increased by ¥751 million from the end of the previous fiscal year, while inventory condition was improving, and gross profit was ¥21,202 million.
  4. FY2025-H1Maintaining appropriate inventory levels and curbing markdown disposals while merchandise inventory increasedAnnual report

    「The gross profit margin was above the previous fiscal year’s level because the company maintained appropriate inventory levels, mainly in apparel, by controlling purchases in line with sales trends and sought to curb markdown disposals. This was mainly due to a ¥1,975 million increase in merchandise.」

    While the company sought to maintain appropriate inventory levels and curb markdown disposals by controlling purchases, the merchandise balance increased by ¥1,975 million from the end of the previous consolidated fiscal year.
  5. FY2024-Q2Merchandise inventory increased by ¥1,043 millionAnnual report

    「This was mainly due to a ¥1,043 million increase in merchandise.」

    The merchandise balance increased by ¥1,043 million from the end of the previous consolidated fiscal year. The company has not explicitly stated a direct causal relationship with its measures to improve inventory efficiency.
  6. FY2024-Q1Merchandise inventory increased by ¥4,388 millionAnnual report

    「This was mainly due to a ¥4,388 million increase in merchandise.」

    The merchandise balance increased by ¥4,388 million from the end of the previous consolidated fiscal year. The company has not explicitly stated a direct causal relationship with its measures to improve inventory efficiency.
  7. FY2023Making the normalisation of camping merchandise inventory the top priorityAnnual 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 the normalisation of inventory in that category its top priority.」

    Regarding inventory efficiency, the company explained that it responded promptly to changes in the market environment for camping merchandise and made inventory normalisation its top priority. Meanwhile, the gross profit margin declined by 1.9 percentage points from the previous fiscal year.
  8. FY2023-Q2AdvancedAnnual 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 stated that it proceeded with inventory reductions for camping equipment, which is in the process of adjusting its supply-demand balance.
  9. 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.」

    The company explained that avoiding excessive price competition and maintaining appropriate inventory control prevented a significant inventory clearance burden. Meanwhile, the merchandise balance increased by ¥1,405 million from the end of the previous fiscal year.
  10. FY2022-Q3Merchandise inventory increased by ¥3,512 millionAnnual report

    「This was mainly due to a ¥2,384 million decrease in cash and deposits, partly offset by increases of ¥3,512 million in merchandise and ¥1,148 million in accounts receivable.」

    Merchandise increased by ¥3,512 million from the end of the previous consolidated fiscal year. The company has not explicitly stated a causal relationship with its inventory control measures.
  11. FY2022-Q2AdvancedAnnual report

    「In a rapidly changing environment, the company swiftly and accurately selected merchandise for sale and controlled inventory, resulting in performance substantially exceeding the original plan.」

    The company explains that it swiftly and accurately selected merchandise for sale and controlled inventory, resulting in performance substantially exceeding the original plan.
  12. FY2022-Q1AdvancedAnnual report

    「The company responded swiftly and accurately by selecting merchandise for sale and controlling inventory in line with changes in market conditions associated with the easing and reduction of restrictions on economic activity. This contributed to supporting earnings.」

    The company explains that it swiftly and accurately selected merchandise for sale and controlled inventory in response to market conditions, supporting earnings. The merchandise balance itself increased by ¥2,843 million from the end of the previous fiscal year.
  13. FY2021AdvancedAnnual report

    「This was mainly due to an increase of ¥3,837 million in cash and deposits resulting from cautious budget execution in response to uncertain market conditions, despite strong business performance, while merchandise decreased by ¥511 million due to appropriate inventory control.」

    The company explains that appropriate inventory control reduced the merchandise balance by ¥511 million from the end of the previous fiscal year.
  14. FY2021-Q3Merchandise inventory increased by ¥1,969 millionAnnual report

    「Current assets at the end of the third quarter of the current consolidated fiscal year were ¥33,560 million, an increase of ¥6,989 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥4,289 million in cash and deposits and ¥1,969 million in merchandise.」

    Merchandise increased by ¥1,969 million from the end of the previous consolidated fiscal year. The company has not explicitly stated a direct causal relationship with its inventory-efficiency measures.
  15. FY2021-Q2Merchandise balance decreased by ¥254 millionAnnual report

    「Merchandise ¥13,859 million ¥13,605 million」

    The merchandise balance at the end of the quarter decreased from ¥13,859 million at the end of the previous consolidated fiscal year to ¥13,605 million. The company has not explicitly stated a direct causal relationship with its inventory-efficiency measures.
  16. FY2021-Q1Merchandise inventory increased by ¥2,311 millionAnnual report

    「This was mainly due to increases of ¥2,710 million in cash and deposits and ¥2,311 million in merchandise.」

    Merchandise inventory increased by ¥2,311 million from the end of the previous consolidated fiscal year, reversing the decrease recorded in the previous fiscal year.
  17. FY2020Merchandise inventory decreased by ¥1,920 millionAnnual report

    「This was mainly due to a decrease of ¥1,920 million in merchandise.」

    Merchandise decreased by ¥1,920 million from the end of the previous consolidated fiscal year. The company has not explicitly stated a direct causal relationship with its inventory-efficiency measures.
  18. FY2020-Q3Merchandise inventory increased by ¥2,787 millionAnnual report

    「This was mainly due to increases of ¥3,634 million in cash and deposits and ¥2,787 million in merchandise.」

    Merchandise increased by ¥2,787 million from the end of the previous consolidated fiscal year. The company has not explicitly linked this to its inventory-efficiency measures.
  19. FY2020-Q2Merchandise inventory increased by a further ¥1,444 millionAnnual report

    「This was mainly due to an increase of ¥1,444 million in merchandise.」

    The company states that the merchandise balance increased by ¥1,444 million from the end of the previous consolidated fiscal year. The company has not explicitly linked this to its inventory-efficiency measures.
  20. FY2020-Q1Merchandise inventory increased by ¥4,173 millionAnnual report

    「This was mainly due to an increase of ¥4,173 million in merchandise.」

    The company states that the merchandise balance increased by ¥4,173 million from the end of the previous consolidated fiscal year. The company has not explicitly linked this to its inventory-efficiency measures.
  21. FY2019-Q3The gross profit margin continued to decline due to the effects of a mild winter, low snowfall and e-commerce salesAnnual 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.」

    Growth in e-commerce sales and the increased burden of clearing inventory caused by a mild winter and low snowfall continued to weigh on the gross profit margin, which was 33.7%, down 0.8 percentage points year on year.
  22. FY2019-Q2The burden of clearing inventory due to a mild winter and low snowfall became apparent despite the policy of improving inventory efficiencyAnnual 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.」

    Although the company has identified increasing inventory efficiency as a priority, it stated that the increased burden of clearing inventory caused by a mild winter and low snowfall was a factor behind the decline in the gross profit margin.
  23. FY2019-Q1RestatedAnnual report

    「The company is working to revitalise existing stores, improve low-profitability stores, increase inventory efficiency and improve the gross profit margin,」

    The company has reiterated increasing inventory efficiency as one of its earnings improvement measures.
  24. FY2018RestatedAnnual report

    「In its core product purchasing activities, the Group seeks to provide products supported by customers for their functionality, quality and price in a timely manner while taking regional characteristics into account, and will work to reduce product procurement costs and increase inventory efficiency with the aim of improving the gross profit margin.」

    The company has reiterated reducing product procurement costs and increasing inventory efficiency as measures to improve the gross profit margin.
  25. FY2018-Q3RestatedAnnual 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.」

    The policy of improving earnings, including increasing inventory efficiency, continues, but the gross profit margin declined this quarter due in part to growth in internet sales.
  26. 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 company improved its winter-product inventory mix during the previous fiscal year, resulting in a consolidated gross profit margin of 35.1%, up 0.8 percentage points year on year.
  27. 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.」

    The company implemented detailed purchasing and inventory management for seasonal products, resulting in a consolidated gross profit margin of 36.1%, up 0.3 percentage points year on year.
  28. FY2017RestatedAnnual report

    「The company is working to reduce product procurement costs and increase inventory efficiency with the aim of improving the gross profit margin,」

    The company has reiterated reducing product procurement costs and increasing inventory efficiency as measures to improve the gross profit margin.
  29. FY2017-Q3RestatedAnnual report

    「These measures include revitalising existing stores, improving low-profitability stores, increasing inventory efficiency and improving the gross profit margin,」

    The company has reiterated increasing inventory efficiency as one of its earnings improvement measures.
  30. FY2017-Q2RestatedAnnual report

    「The company is revitalising existing stores, improving low-profitability stores, increasing inventory efficiency and improving the gross profit margin,」

    The company has reiterated increasing inventory efficiency as one of its earnings improvement measures.
  31. FY2017-Q1RestatedAnnual report

    「The company is revitalising existing stores, improving low-profitability stores, increasing inventory efficiency and improving the gross profit margin,」

    The company has reiterated increasing inventory efficiency as one of its earnings improvement measures.
  32. FY2016-Q3First statedAnnual report

    「The company is increasing inventory efficiency and improving the gross profit margin,」

    The company cites increasing inventory efficiency as one of its specific operating measures for improving earnings.
Moved together

"A Store Network of 156 Locations Nationwide with 277,854 Square Meters of Selling Space" moved the same way as this thread, in the same document, in 7 of its 32 moves.

765554★123456
  1. ★This thread
  2. 1A Store Network of 156 Locations Nationwide with 277,854 Square Meters of Selling Space7×
  3. 2Impact of Warm Winters and Insufficient Snowfall on Winter Goods and the Winter Sports Market6×
  4. 3Improvement in Gross Profit Margin5×
  5. 4Decline in the Equity Ratio5×
  6. 5Diversifying Funding Sources and Reducing Reliance on Interest-Bearing Debt5×
  7. 6Stable and Consistent Profit Returns and Semiannual Dividends4×

★ 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 It last moved in the Occurring Fact of 2026-10-09: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.