Improving Profitability Through Outright Book Sales and AI-Powered Ordering
First written in FY2021. 4 of 7 entries say "Restated". Latest entry: FY2024-Q1.
3 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「In terms of profitability, the company worked to reduce SG&A expenses by improving gross profit through the development of an automatic ordering system and thorough product and inventory management, promoting the use of self-checkout registers and further reviewing store operations.」
The company continues to automate ordering, manage inventory, introduce self-checkout registers, and review store operations to improve the efficiency of book and merchandise operations. - FY2023-Q3RestatedAnnual report
「To improve profitability in the book business, the company continues to shift from consignment sales to outright purchase sales, reduce inventory through digital transformation and pursue more efficient store operations using an AI ordering system, while continuing to reduce operating costs.」
The company continues to transition to outright sales, reduce inventory through DX, and use an AI ordering system. The numerical target of a 35% gross margin on books is not reiterated in this filing. - FY2023-Q2RestatedAnnual report
「To improve profitability in the book business, the company continues to shift from consignment sales to outright purchase sales, reduce inventory through digital transformation and pursue more efficient store operations using an AI ordering system, with the aim of absorbing cost increases such as higher utility expenses and improving profitability.」
The Company continues the shift to outright sales, inventory reduction through digital transformation, and use of an AI ordering system. The numerical target of a 35% gross margin on books is not repeated in this filing. - FY2023-Q1Explicit 35% target for the gross margin on booksAnnual report
「For improving the earnings power of the book business, the Company has set a target gross margin on books of 35% and continues to promote the shift from consignment sales to outright purchases, AI ordering based on customer data, attractive product development, inventory reduction and improved inventory turnover.」
While continuing its existing measures involving outright sales, AI ordering, product development and inventory reduction, the Company has newly disclosed the measurable target of a 35% gross margin on books. - FY2022-Q3RestatedAnnual report
「In terms of profitability, the company worked to reduce SG&A expenses by improving gross profit through the development of an automatic ordering system and thorough product and inventory management, promoting the use of self-checkout registers and further reviewing store operations.」
The Company continues measures related to improving the earnings power of book and product operations through digital transformation, automated ordering and other initiatives announced in the previous fiscal year. - FY2022-Q1AdvancedAnnual report
「By building an automated ordering system, improving gross profit through thorough merchandise and inventory management, promoting the use of self-checkout registers, and further reviewing store operations, we reduced selling, general and administrative expenses.」
In connection with the earnings improvement measures announced in the previous fiscal year involving digital transformation and AI-driven ordering, the Company states that it built an automated ordering system and implemented product and inventory management, contributing to improvements in gross profit and selling, general and administrative expenses. - FY2021First statedAnnual report
「The Company will advance IT adoption and digital transformation at stores, reduce inventory, and seek further improvement in profitability by shifting from consignment sales of books to outright sales and using AI ordering based on customer data to stock best-selling titles and operate stores that sell through their book inventory. It will also develop products that attract more readers to expand sales and improve profit margins.」
For the book business, the Company newly disclosed specific measures to improve earnings power, including digital transformation, inventory reduction, the shift from consignment sales to outright sales, AI ordering using customer data, and product development to attract more readers.