Achieving Low Prices and High Gross Margins Through Procurement Reform
First written in FY2017-Q3. 6 of 18 entries say "Restated". Latest entry: FY2026.
Gyet moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「For our private-brand products, a key strength of the company, we will develop products with comfortable features and specifications that support customers' daily lives, actively reflecting their feedback. We will also position priority products as our core items, strengthen coordination from promotion through in-store presentation, and aim to expand sales.」
The emphasis was reorganized from procurement reform focused on low prices and high gross margins to securing sales and profits through functional private-brand products reflecting customer feedback, core items, and coordination between sales promotion and in-store presentation. - FY2025ReframedAnnual report
「For our private-brand products, a key strength of the company, we will develop products with comfortable features and specifications that support customers' daily lives, actively reflecting their feedback. We will also position priority products as our core items, strengthen coordination from promotion through in-store presentation, and aim to expand sales.」
The emphasis was reorganized from procurement reform focused on low prices and high gross margins to securing sales and profits through functional private-brand products reflecting customer feedback, core items, and coordination between promotion and in-store presentation. - FY2024-Q3AdvancedAnnual report
「We advanced the development of functional products, primarily private-brand products, and raised the selling prices of some products. As a result, gross profit margin for the current fiscal year is expected to improve from the previous year.」
To achieve low prices and high gross margins, the company raised prices on some products in addition to developing functional private-brand products, indicating an expected improvement in gross profit margin for the current fiscal year. - FY2024-Q1RestatedAnnual report
「Through rigorous purchasing plans and seasonal inventory management, we improved the proportion of products sold at their original prices, while advancing the development of functional products, primarily private-brand products, to improve gross profit margin.」
The company continues its product and procurement policy aimed at achieving low prices and high gross margins through inventory management, sales at original prices and the development of functional private-brand products. - FY2021ReframedAnnual report
「At the same time, we are revising our strategy of selling large volumes of low-unit-price products, which we have pursued for several years.」
The company is moving from its previous focus on pursuing low prices and high gross margins toward correcting its strategy of selling large volumes of low-unit-price products and emphasizing purchasing controls, quality improvement and brand rebuilding. - FY2021-Q3AdvancedAnnual report
「Gross profit fell sharply as revenue remained low. However, the gross margin increased by 2.4 percentage points year on year through purchasing controls enabled by shorter product-supply lead times and limits on selling-price changes.」
The company states that gross profit margin rose 2.4 points year on year through procurement and purchasing controls, owing to shorter product supply lead times and fewer changes in selling prices. - FY2020RestatedAnnual report
「We will listen to our customers and improve quality while avoiding excessive concentration on value-priced products, and work to unify our target customer, price tier and design aesthetic.」
The company continues to emphasize improving quality and achieving consistency in the product lineup rather than pursuing low prices and high gross margins in isolation. - FY2020-Q2RestatedAnnual report
「As part of product reform, we are reviewing the categories we carry and narrowing the number of items in order to improve quality, avoid excessive concentration on value-priced products, and unify our target customer, price tier and design aesthetic.」
The company continues to reorganize its previous product and procurement policy focused on low prices and high gross margins toward improving quality while limiting an excessive focus on low prices and achieving consistency in the product lineup. - FY2020-Q1ReframedAnnual report
「As part of product reform, we are reviewing the categories we carry and narrowing the number of items in order to improve quality, avoid excessive concentration on value-priced products, and unify our target customer, price tier and design aesthetic.」
The goal of achieving low prices and high gross margins through procurement reform was reorganized around improving quality while limiting an excessive focus on low prices, and aligning product categories, the number of items and target customers. - FY2019ReframedAnnual report
「Without becoming overly focused on low-priced products, we will seek to align our target market, product grade and style while improving quality.」
The procurement and product policy, previously focused on achieving low prices and high gross margins, was reorganized to limit an excessive focus on low prices and place greater emphasis on quality and consistency in the product lineup. - FY2019-Q3RestatedAnnual report
「In terms of profitability, although product sourcing reforms progressed, the delayed launch of seasonal products due to weather conditions led to markdown sales exceeding the initial plan, leaving the gross margin nearly flat year on year.」
Although progress in product procurement reform has continued, no further improvement in gross profit margin was reported due to weather-related factors and greater-than-planned discounting. - FY2019-Q1RestatedAnnual report
「In terms of profitability, the gross margin remained at approximately the previous year’s level as product sourcing reforms progressed, but gross profit was substantially below the previous year due to the decline in revenue.」
Although progress in product procurement reform has continued, gross profit margin remained at the prior-year level, while gross profit declined significantly due to lower revenue. - FY2018AdvancedAnnual report
「The Company also achieved lower prices and a higher gross margin by reviewing production locations. As product sourcing reforms progressed, the initial markup rate improved, and the gross margin rose 3.1 percentage points year on year.」
Regarding the achievement of low prices and high gross margins, the company reviewed production locations and implemented procurement reforms, reporting a 3.1-point increase in gross profit margin. - FY2018-Q3AdvancedAnnual report
「In terms of profitability, the initial markup rate improved as product sourcing reforms progressed, and the gross margin rose 3.9 percentage points year on year.」
Progress in procurement reform led to measurable results, including an improved initial markup rate and a 3.9-point increase in gross profit margin. - FY2018-Q2AdvancedAnnual report
「In terms of profitability, the initial markup rate improved as product sourcing reforms progressed, and the gross margin increased 5.2 percentage points year on year.」
Progress in procurement reform led to measurable results, including an improved initial markup rate and a 5.2-point increase in gross profit margin. - FY2018-Q1AdvancedAnnual report
「In terms of profitability, the initial markup rate improved as product sourcing reforms progressed, and the gross margin rose 5.4 percentage points year on year.」
The company reported measurable progress in procurement reform, including an improved initial markup rate and a 5.4-point increase in gross profit margin. - FY2017RestatedAnnual report
「With the diversification of direct trade with ASEAN countries and an aggressive drive to develop new business partners, we are now positioned to achieve significant performance improvements in achieving low prices and high gross margins through procurement reform.」
The company continues to pursue procurement reform aimed at achieving both low prices and high gross margins, diversifying direct trade and developing new business partners. - FY2017-Q3First statedAnnual report
「With the diversification of direct trade with ASEAN countries and an aggressive drive to develop new business partners, we are now positioned to achieve significant performance improvements in achieving low prices and high gross margins through procurement reform.」
As one of the six major goals, the company set the objective of achieving both low prices and high gross margins through procurement reform.