Failure to deliver product planning that meets customer needs
First written in FY2020. 4 of 6 entries say "Materialised", first in FY2022-Q4. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2022: 2 of 13 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「Due to the impact of the situation in Ukraine on the global economy, including higher raw material prices and yen depreciation, the planning and development of imported products progressed more slowly than expected. The number of products featured in the media declined and the impact of the advertising saturation effect weakened, resulting in sales of ¥595,240 thousand for the cumulative third quarter ended period.」
The Company continues to experience a situation in which higher raw material prices and yen depreciation cause the planning and development of imported products to progress more slowly than expected, reducing the number of products featured in the media and the effectiveness of advertising. - FY2023-Q2MaterialisedAnnual report
「Due to the impact of the situation in Ukraine on the global economy, including higher raw material prices and yen depreciation, the planning and development of imported products progressed more slowly than expected. The number of products featured in the media declined, weakening the impact of the advertising saturation effect.」
The Company explains that higher raw material prices and yen depreciation caused the planning and development of imported products to progress more slowly than expected, reducing the number of products featured in the media and the effectiveness of advertising, and that the failure to achieve product planning targets is continuing. - FY2023-Q1MaterialisedAnnual report
「Due to the impact of the situation in Ukraine on the global economy, including higher raw material prices and yen depreciation, the planning and development of imported products progressed more slowly than expected. The number of products selected for television broadcasts declined to ¥230,119 thousand.」
The Company explains that higher raw material prices and yen depreciation caused the planning and development of imported products to progress more slowly than expected, reducing both the number of products selected for television broadcasts and television shopping sales. - FY2022MaterialisedAnnual report
「The spread of COVID-19 affected the product planning process through restrictions on business meetings and other factors, causing the development and launch of new products to progress more slowly than expected. The subsequent decline in demand believed to have been associated with stay-at-home consumption in the previous period and poor sales of seasonal products due to unsettled weather into the summer continued to weigh on results, causing sales to decline.」
The Company continues to identify the slower-than-expected development and launch of new products due to restrictions on business meetings as a factor behind the decline in full-year sales. - FY2022-Q4MaterialisedAnnual report
「However, the spread of COVID-19 affected the product planning process through restrictions on business meetings and other factors. The development and launch of new products progressed more slowly than expected, while the subsequent decline in demand believed to have been associated with the stay-at-home consumption of the same period of the previous year and poor sales of seasonal products due to unsettled weather into the summer continued to weigh on results. As a result, for the cumulative third quarter ended period, sales were ¥3,338,423 thousand, down 39.6% year on year, operating income was ¥159,890 thousand, down 80.6%, ordinary income was ¥158,818 thousand, down 80.5%, and net income was ¥103,710 thousand, down 81.5%.」
The Company states that restrictions on business meetings affected the product planning process and that the development and launch of new products progressed more slowly than expected, indicating that the failure to achieve product planning targets has actually occurred. - FY2020First statedAnnual report
「However, if product planning that meets customer needs does not proceed as planned, this may have a material impact on the Company's business and financial results.」
While identifying product planning capabilities as a source of competitiveness, the Company identifies the possibility that planning may not proceed as planned as a risk.