Short product life cycles and stagnant inventory
First written in FY2016. 19 of 29 entries say "Worsened", first in FY2020. Latest entry: 2026-10-14.
Sk Japan moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 13 of 37 companies on the "Worse" side.
15 other companies' latest entry also says "Worsened".
- 2026-10-14WorsenedEarnings
「Increase in merchandise ¥391 million」
Merchandise increased from ¥763 million to ¥1,154 million, an increase of ¥391 million, expanding the inventory burden during the interim period. - FY2027-H1WorsenedAnnual report
「Increase in merchandise ¥391 million」
The merchandise balance increased by ¥391 million from the end of the previous consolidated fiscal year, rising from ¥763.083 million to ¥1,154.541 million. - 2026-07-14WorsenedEarnings
「Increase in merchandise ¥83 million」
Merchandise increased from ¥763 million at the previous fiscal year-end to ¥846 million at the end of the first quarter, further increasing the inventory burden. - FY2026WorsenedAnnual report
「Merchandise valuation loss 26,447 37,923 Merchandise 423,377 763,083」
The merchandise balance increased from ¥423 million to ¥763 million, while the merchandise valuation loss increased from ¥26.447 million to ¥37.923 million. The burden associated with slow-moving inventory and deteriorating profitability is increasing. - FY2026-H1WorsenedAnnual report
「This mainly reflected increases of ¥446 million in notes and accounts receivable and contract assets, ¥297 million in merchandise, and ¥115 million in other current assets.」
The merchandise balance increased by ¥297 million from the end of the previous consolidated fiscal year, and the inventory burden, which had temporarily declined at the end of the previous period, increased during the current interim period. - FY2025The merchandise balance decreased, but the merchandise valuation loss increasedAnnual report
「Merchandise valuation loss 22,334 26,447 Merchandise 489,723 423,377」
The merchandise balance decreased from ¥489.723 million to ¥423.377 million, while the merchandise valuation loss increased from ¥22.334 million to ¥26.447 million, indicating differing trends in the inventory burden and the deterioration in profitability. - FY2025-H1MitigatedAnnual report
「Merchandise 489,723 462,846」
The merchandise balance decreased from ¥489.723 million at the end of the previous consolidated fiscal year to ¥462.846 million, easing in the interim period the inventory burden that had expanded in the previous period. - FY2025-Q1MitigatedAnnual report
「This mainly reflected decreases of ¥85 million in electronically recorded monetary claims and ¥118 million in merchandise, partly offset by a ¥142 million increase in other current assets.」
The merchandise balance decreased by ¥118 million from the end of the previous consolidated fiscal year, easing in the first quarter the inventory burden that had expanded through the previous period. - FY2024WorsenedAnnual report
「Merchandise valuation loss 5,686 22,334 Merchandise 345,285 489,723」
The merchandise balance increased from ¥345 million to ¥489 million, while the merchandise valuation loss increased from ¥5.686 million to ¥22.334 million. The burden associated with slow-moving inventory and deteriorating profitability is increasing. - FY2024-Q3WorsenedAnnual report
「This mainly reflected increases of ¥644 million in cash and deposits, ¥141 million in notes and accounts receivable and contract assets, and ¥277 million in merchandise.」
The merchandise balance at the end of the third quarter increased by ¥277 million from the end of the previous consolidated fiscal year, increasing the inventory burden associated with short product life cycles and slow-moving inventory. - FY2024-Q2WorsenedAnnual report
「This mainly reflected increases of ¥401 million in cash and deposits, ¥429 million in notes and accounts receivable and contract assets, and ¥143 million in merchandise, partly offset by decreases of ¥139 million in electronically recorded monetary claims and ¥93 million in other current assets.」
The merchandise balance increased by ¥143 million from the end of the previous consolidated fiscal year, increasing the burden of merchandise inventory. - FY2024-Q1WorsenedAnnual report
「This mainly reflected increases of ¥320 million in cash and deposits and ¥126 million in merchandise, partly offset by a ¥172 million decrease in electronically recorded monetary claims.」
The merchandise balance increased by ¥126 million from the end of the previous consolidated fiscal year, increasing the inventory burden associated with short product life cycles and slow-moving inventory. - FY2023The merchandise balance increased, but the merchandise valuation loss decreasedAnnual report
「Merchandise valuation loss 32,668 5,686 Merchandise 208,446 345,285」
The merchandise balance increased from ¥208 million to ¥345 million, while the merchandise valuation loss decreased from ¥32.668 million to ¥5.686 million. The burdens associated with short product life cycles and slow-moving inventory moved differently in terms of the balance and the valuation loss. - FY2023-Q3WorsenedAnnual report
「This mainly reflected increases of ¥578 million in notes and accounts receivable and contract assets (notes and accounts receivable at the end of the previous consolidated fiscal year), ¥125 million in electronically recorded monetary claims, and ¥391 million in merchandise, partly offset by a ¥602 million decrease in cash and deposits.」
The merchandise balance increased by ¥391 million, from ¥208.446 million at the end of the previous consolidated fiscal year to ¥600.361 million at the end of the third quarter, substantially increasing the inventory burden. - FY2023-Q2WorsenedAnnual report
「Merchandise 208,446 317,887」
The merchandise balance increased from ¥208.446 million at the end of the previous consolidated fiscal year to ¥317.887 million at the end of the second quarter, increasing the inventory burden. - FY2023-Q1WorsenedAnnual report
「Merchandise 208,446 244,841」
The merchandise balance increased from ¥208.446 million at the end of the previous consolidated fiscal year to ¥244.841 million at the end of the first quarter, increasing the inventory burden. - FY2022WorsenedAnnual report
「Merchandise valuation loss: ¥32.668 million」
The merchandise valuation loss due to reduced profitability increased from ¥23.785 million in the previous period to ¥32.668 million, indicating a growing impact from slow-moving inventory and deteriorating profitability. - FY2022-Q3WorsenedAnnual report
「Merchandise 259,902 273,549」
The merchandise balance increased from ¥259 million at the end of the previous consolidated fiscal year to ¥273 million at the end of the third quarter, increasing the inventory burden again. - FY2022-Q2MitigatedAnnual report
「Decrease in merchandise: ¥72 million」
The merchandise balance decreased by ¥72 million from the end of the previous consolidated fiscal year, easing the burden of merchandise inventory, which had increased through the previous period, in the second quarter. - FY2021WorsenedAnnual report
「The ending inventory balance is stated after a write-down to reflect reduced profitability, and the following inventory valuation loss is included in cost of sales: ¥23.785 million.」
The inventory valuation loss due to reduced profitability was ¥23.785 million, up from ¥23.065 million in the previous period. - FY2021-Q2RestatedAnnual report
「This mainly reflected pretax quarterly net income of ¥136 million and a ¥66 million decrease in trade receivables, partly offset by a ¥97 million increase in inventories and a ¥50 million decrease in trade payables.」
Inventories also increased by ¥97 million during the first half, leaving a continuing burden from merchandise inventory. - FY2021-Q1WorsenedAnnual report
「This mainly reflected an increase of ¥382 million in merchandise, partly offset by decreases of ¥161 million in cash and deposits, ¥95 million in notes and accounts receivable, and ¥82 million in electronically recorded monetary claims.」
Merchandise at the end of the first quarter increased by ¥382 million from the end of the previous consolidated fiscal year, substantially increasing the burden of merchandise inventory. - FY2020WorsenedAnnual report
「The ending inventory balance is stated after a write-down to reflect reduced profitability, and the following inventory valuation loss is included in cost of sales: ¥23.065 million.」
The inventory valuation loss due to reduced profitability was ¥23.065 million, up from ¥12.944 million in the previous period. - FY2019MaterialisedAnnual report
「The ending inventory balance is stated after a write-down to reflect reduced profitability, and the following inventory valuation loss is included in cost of sales: ¥12.944 million.」
The company also recognized an inventory valuation loss of ¥12.944 million due to reduced profitability in the current period, indicating that the risks of slow-moving inventory and deteriorating product profitability have materialized. - FY2018MaterialisedAnnual report
「Ending inventory is stated after a write-down of book value due to lower profitability, and the following inventory valuation loss is included in cost of sales: ¥24.670 million」
The company continues to face the risk of slow-moving inventory associated with short product life cycles and weak sales, and recorded an inventory valuation loss of ¥24.670 million for the period. - FY2017MaterialisedAnnual report
「Ending inventory is stated at the amount after its carrying value has been written down due to lower profitability, and the following inventory valuation losses are included in cost of sales.」
The company discloses a write-down of inventory book value due to lower profitability and recognition of an inventory valuation loss of ¥29.504 million for the period. - FY2016First statedAnnual report
「The products handled by the Group have short life cycles. If the Group fails to accurately forecast consumer trends and respond quickly, or if a hit product proves to be only temporarily popular even after the Group succeeds in developing it, this may affect the Group’s operating results.」
The company identifies short product lives, inaccurate demand forecasts and temporary hits as factors that may cause performance fluctuations.