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Tay Two (7610) · RiskMitigated

Sales volatility caused by changes in the trading-card market environment

First written in FY2018-Q1. 14 of 29 entries say "Mitigated", first in FY2019-Q2. Latest entry: 2026-07-15.

29entries
10years
2from disclosures
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ProgressHeldSoftenedWorse2017: 220172018: 420182019: 420192020: 320202021: 220212022: 420222023: 220232024: 420242025: 220252026: 22026
Same theme, other companies
Sales volatility caused by changes in the trading-card market environmentA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1MitigatedAnnual report

    「Sales across the used product category exceeded the year-earlier period as a result of strong performance by trading cards, or “trading cards” hereafter, and hobby products.」

    Although the risk of volatility in the trading card market remains, used trading cards and hobby products performed well, and total sales in the used-products category exceeded the same period of the previous year. No adverse impact had materialized on sales during the current interim period.
  2. FY2025Sales contribution from rising prices and gross profit fluctuationsAnnual report

    「As a result of clearing out inventories of low-margin and slow-moving products in the first half of the current fiscal year, as well as the impact of rising trading card prices in the second half, sales increased for the fourth consecutive period since the transition to consolidated accounting,」

    While fluctuations in trading card prices contributed to higher sales in the second half of the current fiscal year, they also led to lower gross profit on used trading cards, with both sales and gross profit affected.
  3. FY2025-H1MitigatedAnnual report

    「Trading cards (hereinafter, “trading cards”) fell below the year-earlier level following the reversal of the benefit from the surge in trading-card prices during the same period of the previous year, but performance has been firm as the impact has run its course.」

    The decline in sales caused by the reversal of the trading card price surge persisted through the interim period, but the impact of the reversal had run its course and sales were beginning to perform steadily.
  4. FY2025-Q1MaterialisedAnnual report

    「Trading card sales fell below the same period of the previous year, reflecting the reversal of the benefit received from the surge in trading card prices during the same period of the previous year. The gross profit margin on trading cards also declined significantly.」

    The decline in sales and gross profit margin caused by fluctuations in trading card prices actually occurred in the first quarter.
  5. FY2024MaterialisedAnnual report

    「Gross profit margin declined significantly due to the impact of price fluctuations in the used trading card market during the second half.」

    The risk of price fluctuations in the trading card market actually materialized as a decline in gross profit margin in the second half and full-year operating profit falling below the previous year.
  6. FY2024-Q3RestatedAnnual report

    「Sales of new and used trading cards (the "trading cards") have continued to grow, driven by the expansion of the trading card market in recent years.」

    Against the backdrop of an expanding trading card market, sales of new and used trading cards have continued to grow, while the previously observed concern about sales volatility caused by changes in market conditions has not materialized during the current quarter.
  7. FY2024-Q1MitigatedAnnual report

    「Sales of new and used trading cards (hereinafter, “trading cards”) progressed favorably, driven by the recent expansion of the trading-card market.」

    Against the backdrop of an expanding trading card market, sales of new and used trading cards remained strong, and the previously observed concern about sales volatility caused by changes in market conditions did not materialize in the first quarter.
  8. FY2023-Q3RestatedAnnual report

    「Sales of new and used trading cards (hereinafter, “trading cards”) progressed favorably, driven by the recent expansion of the trading-card market, and total sales exceeded the year-earlier level.」

    We continue to reflect the expansion of the trading card market in our results, with sales of new and used trading cards and total sales exceeding the same period of the previous year.
  9. FY2023-Q2MitigatedAnnual report

    「Sales of new and used trading cards (hereinafter, “trading cards”) progressed favorably, driven by the recent expansion of the trading-card market, and total sales exceeded the year-earlier level.」

    Against the backdrop of an expanding trading card market, sales of new and used trading cards remained strong. Concerns about sales volatility caused by market conditions did not materialize during the cumulative second quarter, and total sales also exceeded the same period of the previous year.
  10. FY2023-Q1MitigatedAnnual report

    「Sales of new and used trading cards progressed favorably, driven by the recent expansion of the trading-card market, and sales of both new and used trading cards exceeded the year-earlier level.」

    The expansion of the trading card market was reflected in our results, with sales of new and used trading cards exceeding the same period of the previous year. The previous concern about sales volatility caused by changes in market conditions was alleviated during the current quarter.
  11. FY2022MitigatedAnnual report

    「Used products Trading cards 3,563,741 13.3 86.2 New products Trading cards 3,647,867 13.6 34.4」

    Despite previous concerns about volatility in the trading card market and sales, sales of used and new trading cards exceeded the same period of the previous year.
  12. FY2022-Q3RestatedAnnual report

    「Sales of new and used trading cards exceeded the same period of the previous year, as the impact of the recent surge in trading card popularity continued and duel spaces at stores remained open on the premise that sufficient infection-control measures would be implemented.」

    Trading card popularity and the reopening of duel spaces resulted in sales exceeding the same period of the previous year, without the previously observed sales volatility risk associated with infection-control measures and other factors materializing.
  13. FY2022-Q1MitigatedAnnual report

    「Sales of new and used trading cards were affected in the same period of the previous year by lost sales opportunities resulting from lower customer visits after duel spaces were closed at all stores as an infection-control measure. In the first quarter of the current fiscal year, however, the spaces were reopened on the premise that sufficient infection-control measures would be implemented, resulting in sales exceeding the previous fiscal year.」

    The duel spaces were reopened after implementing infection-control measures, offsetting the lost sales opportunities in the previous year caused by their closure, and trading card sales exceeded the previous fiscal year.
  14. FY2021MitigatedAnnual report

    「Although trading cards were affected by the closure of Duel Spaces following the spread of COVID-19, they recovered from June 2020, with both used and new cards exceeding the previous year.」

    Although the closure of duel spaces affected trading card sales, sales recovered from June 2020, with both used and new trading cards outperforming the previous year.
  15. FY2021-Q1MaterialisedAnnual report

    「Sales of new and used trading cards (hereinafter, “trading cards”) fell below the year-earlier level as all Duel Spaces (trading-card play areas) were closed from February 2020 as a measure against COVID-19.」

    Regarding risks from changes in the external environment affecting the trading card market and sales, the closure of duel spaces as part of infection-control measures actually resulted in lower sales.
  16. FY2020MitigatedAnnual report

    「Sales of new and used trading cards (the "trading cards") increased as the overall market showed a gradual recovery.」

    The gradual recovery of the trading card market and higher sales have been reflected in our results, easing the previously observed decline in sales caused by changes in market conditions.
  17. FY2020-Q3RestatedAnnual report

    「Sales of new and used trading cards (the "trading cards") increased as the overall market showed a gradual recovery.」

    We continue to believe that the gradual recovery of the trading card market led to higher sales.
  18. FY2020-Q2RestatedAnnual report

    「The overall market for new and used trading cards (hereinafter, "trading cards") has shown a gradual recovery, and the Company was able to translate market trends into its performance.」

    We continue to believe that the gradual recovery of the overall trading card market has been reflected in our results.
  19. FY2020-Q1RestatedAnnual report

    「The overall market for new and used trading cards (hereinafter, "trading cards") has shown a gradual recovery, and the Company was able to translate market trends into its performance.」

    The description that the gradual recovery in the overall trading card market was reflected in performance continues, reconfirming that the previous downturn caused by market conditions has eased.
  20. FY2019MitigatedAnnual report

    「The overall market for new and used trading cards (hereinafter, "trading cards") has shown a gradual recovery, and the Company was able to translate market trends into its performance.」

    It states that the gradual recovery in the overall trading card market was reflected in performance, indicating that the downturn caused by changes in the market environment in the previous fiscal year has eased.
  21. FY2019-Q3MitigatedAnnual report

    「The overall trading card market has shown a gradual recovery, and the Company was able to translate market trends into its performance.」

    It describes a gradual recovery in the overall trading card market and the incorporation of that recovery into performance, indicating that the previous market environment risk has eased.
  22. FY2019-Q2MitigatedAnnual report

    「For trading cards, whose sales declined in the previous fiscal year due to rule changes for major titles, the company was able to secure customer traffic and sales at a certain level by focusing on the turnover of new titles and offering some used trading cards at lower prices.」

    It states that, in response to the previous fiscal year's decline in trading card sales caused by rule changes for major titles, a certain level of customer traffic and sales was secured through the turnover of new titles and low-priced sales of used trading cards.
  23. FY2019-Q1SoftenedAnnual report

    「New and used trading cards (hereinafter, "trading cards") showed signs of recovery from the temporary downturn in the previous year.」

    The description of the trading card sales downturn caused by changes in market conditions has shifted to indicate signs of recovery from the temporary downturn in the previous year.
  24. FY2018RestatedAnnual report

    「The downturn in used books and trading cards (hereinafter, "trading cards") due to changes in market conditions and other factors affected overall performance, resulting in sales below the previous fiscal year's level.」

    For used books and trading cards, the decline in sales due to changes in market conditions continues to be a factor behind the current period's sales decline.
  25. FY2018-Q3RestatedAnnual report

    「Used books and new trading cards (hereinafter, "trading cards") experienced a downturn due to changes in market conditions and other factors,」

    It states that the decline in sales of used books and new trading cards due to changes in market conditions and other factors continues.
  26. FY2018-Q2RestatedAnnual report

    「Used books and new trading cards (hereinafter, "trading cards") experienced a downturn due to changes in market conditions and other factors,」

    It states that the downturn in used books and new trading cards due to changes in market conditions and other factors continues.
  27. FY2018-Q1First statedAnnual report

    「New and used trading cards (hereinafter, "trading cards") experienced a significant temporary downturn due to changes in market conditions, resulting in overall sales falling below the year-earlier level.」

    It discloses for the first time that a temporary sales downturn in trading cards actually occurred due to changes in market conditions and that overall sales fell below the year-earlier level.
Moved together

"Making trading cards a new core business" moved the same way as this thread, in the same document, in 12 of its 29 moves.

121111101010★123456
  1. ★This thread
  2. 1Making trading cards a new core business12×
  3. 2Stabilizing procurement and improving profitability in the e-commerce business11×
  4. 3Rebuilding the business strategy and earnings structure, and shifting strategy11×
  5. 4Sales-floor, store-network and B2B initiatives for the next phase of growth10×
  6. 5Expanding the store network with a focus on profitability10×
  7. 6Building a Structure That Can Secure Profits Amid Challenging Market Conditions10×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Tay Two yet. It last moved in the Earnings presentation materials of 2026-07-15: "Mitigated".
News
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Sales volatility caused by changes in the trading-card market environment | TAY TWO CO.,LTD. (7610) | Komori