Seasonality of winter products and snowfall and global warming risks
First written in FY2016. 21 of 26 entries say "Restated". Latest entry: FY2025-H1.
Weds moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2020: 5 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「The main factors were a decrease in cash and deposits for the procurement of winter products, accompanied by increases in merchandise and advances paid, as well as an increase in trade receivables.」
Merchandise and advances paid for procuring winter products continued to increase, and the seasonality of winter products and procurement and inventory management continued to affect the financial position. - FY2024-Q3RestatedAnnual report
「Total liabilities were ¥8,934 million, an increase of ¥1,536 million from the end of the previous fiscal year. The main factor was an increase in accounts payable due to purchases and other expenditures for the winter sales season.」
Higher purchases for the winter sales season were reflected in increased accounts payable, confirming the continuing relevance of winter product seasonality and procurement and inventory management. - FY2024-Q2RestatedAnnual report
「Total assets for the six-month period of the current second quarter of the consolidated fiscal year were ¥24,544 million, an increase of ¥575 million from the end of the previous fiscal year. The main factors were a decrease in cash and deposits for the procurement of winter products, accompanied by increases in merchandise and advances paid, as well as an increase in trade receivables.」
Increases in merchandise and advances paid for procuring winter products contributed to the increase in assets, confirming the continuing relevance of winter product seasonality and procurement and inventory management. - FY2023-Q3RestatedAnnual report
「Total liabilities were ¥8,323 million, an increase of ¥1,067 million from the end of the previous fiscal year. The main factor was an increase in accounts payable due to purchases and other expenditures for the winter sales season.」
Higher purchases for the winter sales season were reflected in increased accounts payable, confirming the continuing relevance of winter product seasonality and procurement and inventory management. - FY2023-Q2RestatedAnnual report
「The main factors were a decrease in cash and deposits for the procurement of winter products, accompanied by increases in merchandise and advances paid, as well as an increase in trade receivables.」
Merchandise and advances paid for procuring winter products have increased, and the seasonality of winter products and procurement and inventory management continue to affect the financial position. - FY2022WorsenedAnnual report
「However, sales of these winter products are highly dependent on snowfall conditions, and the progression of global warming and the economic impact of COVID-19, the situation in Ukraine and other factors may adversely affect the Group's consolidated results and consolidated financial position.」
The risk of demand fluctuations for winter products due to snowfall, global warming and infectious diseases has been expanded to include economic effects arising from the situation in Ukraine and other factors. - FY2022-Q3RestatedAnnual report
「Total liabilities were ¥8,302 million, an increase of ¥1,435 million from the end of the previous fiscal year. The main factor was an increase in accounts payable due to purchases and other expenditures for the winter sales season.」
Purchases and other expenditures for the winter sales season increased accounts payable, and the seasonality of winter products and procurement and inventory management continued to affect the financial position. - FY2022-Q2RestatedAnnual report
「Total assets for the six-month period ended the second quarter of the current fiscal year were ¥22,176 million, an increase of ¥640 million from the end of the previous fiscal year. The main factors were an increase in merchandise and advances paid, while cash and deposits declined in preparation for procuring winter products, among other factors.」
Increases in merchandise and advances paid for procuring winter products contributed to the increase in assets, confirming the continuing relevance of winter product seasonality and procurement and inventory management. - FY2021RestatedAnnual report
「Demand for low-priced aluminum wheels and steel wheels, which are among the Group's main products, tends to arise in concentrated periods during snowfall seasons because they are sold as sets with studless tires, and a substantial lead time is required to ensure a stable product supply. However, sales of these winter products are highly dependent on snowfall conditions, and the progression of global warming and the impact of COVID-19 on the economy and other areas may adversely affect the Group's consolidated results and consolidated financial position.」
The risks of winter products' dependence on snowfall, long lead times, and demand fluctuations caused by global warming and infectious diseases have been reconfirmed. - FY2021-Q3RestatedAnnual report
「Total liabilities were ¥8,791 million, an increase of ¥2,036 million from the end of the previous fiscal year. The main factor was an increase in accounts payable due to purchases and other expenditures for the winter sales season.」
Higher purchases for the winter sales season were reflected in increased accounts payable, and the seasonality of winter products and inventory and procurement management continued to affect the financial position. - FY2021-Q2RestatedAnnual report
「Total liabilities were ¥6,974 million, an increase of ¥219 million from the end of the previous fiscal year. The main factor was an increase in trade payables due to higher inventory for the winter selling season, despite a decrease in accrued corporate taxes and other factors.」
Higher inventory for the winter sales season increased accounts payable and continued to affect the financial position, confirming the continuing relevance of winter product seasonality and inventory management. - FY2020MaterialisedAnnual report
「Meanwhile, segment profit was ¥35 million, down ¥2 million from the previous fiscal year, or 7.5%, due to lower sales of winter products resulting from the mild winter and other factors.」
Lower sales of winter products due to the mild winter were reflected in lower retail segment profit for the fiscal year. - FY2020-Q3RestatedAnnual report
「Total liabilities were ¥5,780 million, an increase of ¥220 million from the end of the previous fiscal year. The main factor was an increase in accounts payable due to higher inventory for the winter sales season and other factors.」
Higher inventory for the winter sales season increased accounts payable and continued to affect the financial position, confirming the continuing relevance of winter product seasonality and inventory management. - FY2020-Q2RestatedAnnual report
「Total liabilities were ¥5,607 million, an increase of ¥47 million from the end of the previous fiscal year. The main factor was an increase in accounts payable due to higher inventory for the winter sales season.」
An increase in inventory for the winter sales season was confirmed, and the seasonality of winter products and inventory management continue to affect the financial position. - FY2020-Q1RestatedAnnual report
「Inventory management also faced the problem that products strongly affected by trends and consumer preferences were prone to becoming excess or inactive inventory due to sales competition, seasonality and other factors. We have reviewed our approach to product management, worked to enforce policy management, and progressed to the point of eliminating excess and inactive inventory.」
While continuing to recognize inventory risks arising from trends, sales competition and seasonality, the Company has reconfirmed its response of eliminating excess and inactive inventory through a review of product management and policy management. - FY2019-Q3RestatedAnnual report
「Aluminum wheels, our main product, have been prone to excess and inactive inventory because of their strong exposure to trends and consumer preferences, as well as sales competition and seasonal fluctuations. After reviewing our approach to product management over several years and working to enforce policy management, we have made enough progress to eliminate excess and inactive inventory. Going forward, we will pursue sales, production and inventory levels that are not affected by snowfall conditions.」
The results of eliminating excess and inactive inventory, together with the policy of pursuing sales, production and appropriate inventory levels as a response to seasonality and snowfall, have been reiterated. - FY2019-Q2RestatedAnnual report
「The main factor was an increase in inventory for the winter sales season.」
The increase in inventory for the winter sales season was identified as the main reason for the increase in total assets, confirming the continuing relevance of winter product seasonality and inventory management. - FY2019-Q1RestatedAnnual report
「Aluminum wheels, our main product, have been prone to excess and inactive inventory because of their strong exposure to trends and consumer preferences, as well as sales competition and seasonal fluctuations. After reviewing our approach to product management over several years and working to enforce policy management, we have made enough progress to eliminate excess and inactive inventory. Going forward, we will pursue sales, production and inventory levels that are not affected by snowfall conditions.」
As a response to seasonality and snowfall, the policy of pursuing sales, production and appropriate inventory levels has been reiterated. - FY2018RestatedAnnual report
「Demand for low-priced aluminum wheels and steel wheels tends to arise in concentrated periods during snowfall seasons in Hokkaido, Tohoku, Chubu, San'in and other regions, as these products are sold as sets with studless tires. Accordingly, product supply requires a substantial lead time, and the ability to conduct early discussions with customers, procure products efficiently and reliably from manufacturers, and operate a logistics system based on consolidated storage and lot shipments is key to winning the sales season.」
The dependence of winter products on snowfall and their seasonality, as well as the response through early customer discussions, stable procurement and consolidated storage, continue to be described. - FY2018-Q3RestatedAnnual report
「Going forward, we will strive to achieve sales, production and appropriate inventory levels that are not dependent on snowfall conditions.」
The policy of pursuing sales, production and inventory management that are not dependent on snowfall conditions has been reiterated. - FY2018-Q2RestatedAnnual report
「Going forward, we will strive to achieve sales, production and appropriate inventory levels that are not dependent on snowfall conditions.」
The policy of pursuing sales, production and inventory management that are not dependent on snowfall conditions has been reiterated, with no substantive change in the policy for addressing seasonality. - FY2018-Q1RestatedAnnual report
「Going forward, we will strive to achieve sales, production and appropriate inventory levels that are not dependent on snowfall conditions.」
The policy of pursuing sales, production and inventory management that are not dependent on snowfall conditions has been reiterated, with no substantive change in the policy for addressing seasonality. - FY2017-Q3MaterialisedAnnual report
「Revenue from the automotive wholesale business was ¥19,057 million, down ¥1,387 million year on year, or 6.8%. This was due to sluggish sales of the core aluminum wheel products as a result of the conditions described above.」
Environmental factors, including excess inventory following last season's mild winter, were reflected in sluggish sales of the core aluminum wheel products and a 6.8% year-on-year decline in wholesale revenue. - FY2017-Q2MaterialisedAnnual report
「Revenue from the automotive wholesale business was ¥9,155 million, down ¥559 million year on year, or 5.8%. This was due to lower sales of the mainstay aluminum wheel products, as selling prices fell more than expected because of the sluggish automotive products market, excess inventory following last season's mild winter, intensifying sales competition amid weak demand, the stronger yen and other factors.」
Excess inventory following last season's mild winter and weak demand were identified as factors behind the decline in aluminum wheel sales during the quarter. - FY2017-Q1RestatedAnnual report
「Going forward, we will strive to achieve sales, production and appropriate inventory levels that are not dependent on snowfall conditions.」
The policy of pursuing sales, production and inventory management that are not dependent on snowfall conditions has been reiterated, with no substantive change in the policy for addressing seasonality. - FY2016MaterialisedAnnual report
「Although sales of winter products were sluggish due to the mild winter, revenue increased to ¥28,536 million, up 7.3% year on year, as strengthened sales activities secured sales volume and products were sold at appropriate prices.」
The sluggish performance of winter products due to the mild winter was identified as an event that occurred during the period, while the impact of snowfall conditions and global warming on performance was separately described as a risk.