Demand and Price Risk Arising from Trends in Athleisure Products and Changing Preferences
First written in FY2021. 2 of 6 entries say "Worsened", first in FY2022. Latest entry: FY2026.
Workman moved to the "Worse" side of this theme in 2025, 7 years after the typical company in this theme (2018).
The whole theme swung hardest in 2019: 4 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The company’s products comprise self-developed and manufactured private-label products, national-brand products purchased from business partners, jointly developed products with business partners and other products. Of these, the products mainly supplied to the general consumer market are private-label products, which accounted for more than 95% of distribution-center inventories as of the settlement date.」
The company discloses that private-label products supplied to the general consumer market account for more than 95% of distribution-center inventories, specifying its exposure to risks affecting demand and achievable selling prices from changes in trends, preferences, seasonality and climate. - FY2025ReframedAnnual report
「Among the company’s products, outdoor, sports and casual products aimed primarily at general individual consumers are more likely than products for professionals to change over relatively short periods due to external conditions such as changes in trends and changes in individual preferences」
The scope of the risk discussion has been reframed from its previous focus on the athleisure market to cover casual products in addition to outdoor and sports products. - FY2024RestatedAnnual report
「Among the company’s products, those aimed at the athleisure market, where general individual consumers are the main customer base, are more likely than products for professionals to change over relatively short periods due to external conditions such as changes in trends and changes in individual preferences. If such changes occur, they may affect operating results through increased inventories, lower product demand and increased discount sales.」
The company reconfirms the risks of increased inventories, lower demand and increased discount sales resulting from changes in trends and preferences for athleisure products. - FY2023RestatedAnnual report
「The company’s products comprise self-developed and manufactured private-label products, national-brand products purchased from business partners, jointly developed products with business partners and other products. Of these, the products mainly supplied to the athleisure market are private-label products, which accounted for more than 90% of distribution-center inventories as of the settlement date.」
The company reconfirms the risks of changes in demand and inventory write-downs arising from trends, preferences, seasonality and climate, noting that private-label products, including athleisure products, account for more than 90% of distribution-center inventories. - FY2022WorsenedAnnual report
「Private-label products accounted for more than 90% of distribution-center inventories as of the settlement date. If revisions become necessary because assumptions regarding demand trends change materially or assumptions regarding external conditions such as seasonality and climate differ significantly, the company may record additional inventory write-downs in the following fiscal year.」
The company shows that private-label products, including those aimed at the athleisure market, account for more than 90% of distribution-center inventories, specifying the risk of inventory write-downs from changes in demand and climate. - FY2021First statedAnnual report
「For products aimed at the athleisure market, where general individual consumers are the main customer base, including outdoor, sports and leisure products, external conditions such as changes in trends and changes in individual preferences are more likely to shift over relatively short periods than products for professionals. If such changes occur, they may affect demand for the products and, consequently, the prices at which they can be sold.」
The company identifies the impact of changes in trends and preferences on demand and achievable selling prices for athleisure products aimed at general consumers as a new risk.