Dependence on hit characters and absence of new hits

「Most of the products handled by the Group are character products. By diversifying the characters it handles and maintaining a flexible procurement structure, the Group responds flexibly to changes in character popularity. However, the Group’s operating results may fluctuate depending on character popularity.」

「Most of the products handled by the Group are character products. By diversifying the characters it handles and maintaining a flexible procurement structure, the Group responds flexibly to changes in character popularity. However, the Group’s operating results may fluctuate depending on character popularity.」

「This was not enough to offset the decline in anime content and other products that had driven sales in the same period of the previous year.」

「Sales of products based on the popular manga Demon Slayer: Kimetsu no Yaiba, which had arguably become a social phenomenon the previous year, fell sharply, partly owing to the subsequent backlash,」

「This was not enough to offset sales of products based on the popular manga Demon Slayer: Kimetsu no Yaiba, which could be described as a social phenomenon the previous year.」

「This was not enough to offset sales of products based on the popular manga Demon Slayer: Kimetsu no Yaiba, which could be described as a social phenomenon the previous year.」

「Most of the products handled by the Group are character products. By diversifying the characters it handles and maintaining a flexible procurement structure, the Group responds flexibly to changes in character popularity. However, the Group’s operating results may fluctuate depending on character popularity.」

「Although this was one factor behind the decline in sales of standard character products, sales of products based on the popular manga Demon Slayer: Kimetsu no Yaiba were exceptionally strong, and sales of bath-ball products containing figures also remained strong as demand for staying at home increased amid calls to refrain from going out.」

「Most business-partner stores were forced to close temporarily, causing sales of existing character products to fall sharply. Even under these conditions, however, sales of products based on the popular manga Demon Slayer: Kimetsu no Yaiba, which had not been available in the previous period, remained strong.」

「Most of the products handled by the Group are character products. By diversifying the characters it handles and maintaining a flexible procurement structure, the Group responds flexibly to changes in character popularity. However, the Group’s operating results may fluctuate depending on character popularity.」

「Although some standard character products fell somewhat short of expectations,」

「Although some standard character products struggled somewhat, sales of game-related character products such as Pokémon, Kirby and Dragon Quest, as well as the original Mochimochi Mascot series and bath-ball products containing figures, remained strong,」

「Most of the products handled by the Group are character products. By diversifying the characters it handles and maintaining a flexible procurement structure, the Group responds flexibly to changes in character popularity. However, the Group’s operating results may fluctuate depending on character popularity.」

「Although sales of some standard character products struggled somewhat,」

「Although sales of some standard character products struggled somewhat,」

「In the Character and Fancy Goods Business, sales of some established characters struggled somewhat, but sales of the company’s original character Chuken Mochishiba, fancy characters such as Kirby and Shaun the Sheep, and original bath bombs containing figures were strong. Revenue rose 2.9% year on year to ¥432 million, and operating profit rose 237.1% to ¥22 million.」

「The Group’s businesses are affected by trends in the leisure market and amusement facilities, and are also highly susceptible to the impact of hit characters. The operating environment therefore remains challenging.」

「Standard characters such as Kirby and Doraemon continued to perform well, and sales of non-character products, including cushions made with highly stretchable fabric and flexible food replicas, also increased. However, this was not enough to offset the decline in the major characters that had performed well in the previous period.」

「Sales of “Amusement-Only Confectionery,” Doraemon and Kirby remained strong, and the company also acquired new licenses, including game-related characters, and commercialized products based on them. However, this was not enough to offset the decline in the major characters from the previous period.」

「Most of the products handled by the Group are character products. By diversifying the characters it handles and maintaining a flexible procurement structure, the Group responds flexibly to changes in character popularity. However, the Group’s performance may fluctuate depending on character popularity.」

「However, this was not enough to offset the decline in Funassyi, Yo-kai Watch and other characters that had performed well in the previous period.」

「This was not enough to offset the decline at specialty character and fancy-goods stores, which were major sales channels for Funassyi, Yo-kai Watch and other characters that had performed well in the previous period.」