Lower revenue and operating loss in the Eyewear Business
First written in FY2017-Q1. 13 of 23 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023Operating results balanced after withdrawalAnnual report
「In Other, following the withdrawal from the eyeglasses wholesale business, revenue was ¥120 million, down 48.2% year on year, and operating income was ¥0 million, compared with an operating loss of ¥98 million in the previous year. This reflected the Company's concentration on the contact lens business.」
Withdrawal from the eyeglasses wholesale business resulted in lower revenue, while operating results in the Other segment improved from a loss of ¥98 million in the previous year to breakeven. - FY2023-Q3Decline in revenue and operating loss narrowed after withdrawalAnnual report
「In Other, following the withdrawal from the eyeglasses wholesale business, revenue was ¥91 million, down 50.5% year on year, and the operating loss was ¥5 million, compared with an operating loss of ¥64 million in the same period of the previous year.」
Withdrawal from the eyeglasses wholesale business resulted in lower revenue, while the operating loss narrowed from ¥64 million in the same period of the previous year to ¥5 million. - FY2022WorsenedAnnual report
「Revenue was ¥145 million, compared with ¥391 million in the same period of the previous year, and the operating loss was ¥88 million, compared with an operating loss of ¥36 million in the same period of the previous year.」
As the eyeglasses business focused its activities on reducing existing inventories and other measures ahead of its withdrawal, the decline in revenue widened and the operating loss increased from ¥36 million to ¥88 million. - FY2022-Q3WorsenedAnnual report
「In the eyeglasses business, we mainly focused our sales activities on reducing existing inventories and providing after-sales service, centered on our core frames, including Vivid Moon and Plusmix. However, the market slump continued due to the impact of COVID-19, resulting in revenue of ¥122 million, compared with ¥330 million in the same period of the previous year, and an operating loss of ¥54 million, compared with an operating loss of ¥23 million in the same period of the previous year.」
The eyeglasses business saw revenue decline from ¥330 million in the same period of the previous year to ¥122 million, while the operating loss widened from ¥23 million to ¥54 million. - FY2022-Q2WorsenedAnnual report
「In the eyeglasses business, we conducted sales activities centered on our core frames, including Vivid Moon and Plusmix. However, the market slump continued due to the impact of COVID-19, resulting in revenue of ¥89 million, compared with ¥229 million in the same period of the previous year, and an operating loss of ¥51 million, compared with an operating loss of ¥11 million in the same period of the previous year.」
The eyeglasses business saw revenue decline from ¥229 million to ¥89 million year on year, while the operating loss widened from ¥11 million to ¥51 million. - FY2022-Q1WorsenedAnnual report
「Revenue was ¥48 million, compared with ¥89 million in the same period of the previous year, and the operating loss was ¥23 million, compared with an operating loss of ¥10 million in the same period of the previous year.」
The eyeglasses business reported lower revenue, while the operating loss widened from ¥10 million in the same period of the previous year to ¥23 million. - FY2021-Q3WorsenedAnnual report
「In the eyeglasses business, we continued to reduce the scale of the business, as in the fiscal year ended March 2020, while conducting sales activities centered on our core frames, including Vivid Moon and Plusmix. However, as consumers showed a greater tendency to defer purchases than for contact lenses, revenue was ¥330 million, down 34.9% year on year, and the operating loss was ¥23 million, compared with an operating loss of ¥26 million in the same period of the previous year.」
While reducing the scale of the business, the eyeglasses business reported a 34.9% year-on-year decline in revenue. The operating loss narrowed from ¥26 million to ¥23 million, but the impact of consumers deferring purchases continued. - FY2021-Q2WorsenedAnnual report
「In the eyeglasses business, we continued to streamline the business, as in the fiscal year ended March 2020, while conducting sales activities centered on our core frames, including Vivid Moon and Plusmix. However, as consumers showed a greater tendency to defer purchases than for contact lenses, revenue was ¥229 million, down 41.5% year on year, and the operating loss was ¥11 million, compared with an operating loss of ¥7 million in the same period of the previous year.」
Although the Company continued to streamline the business and sell its core frames, revenue declined 41.5% year on year due to consumers deferring purchases, and the operating loss widened from ¥7 million to ¥11 million. - FY2021-Q1WorsenedAnnual report
「Revenue was ¥89 million, down 60.8% year on year, and the operating loss was ¥10 million, compared with an operating loss of ¥4 million in the same period of the previous year.」
The eyeglasses business reported a significant decline in revenue, while the operating loss widened from ¥4 million in the same period of the previous year to ¥10 million. - FY2020Full-year revenue decline and narrower operating lossAnnual report
「Revenue was ¥594 million, down 29.3% from the previous fiscal year, and the operating loss was ¥54 million, compared with an operating loss of ¥79 million in the previous fiscal year.」
For the full-year results of the eyeglasses business, revenue declined due to a shift in demand toward lower-priced products and the impact of store closures, while the operating loss narrowed. - FY2020-Q3Revenue decline and narrower operating lossAnnual report
「As a result, revenue was ¥507 million, down 24.9% year on year, and the operating loss was ¥26 million, compared with an operating loss of ¥52 million in the same period of the previous year.」
The eyeglasses business reported a 24.9% year-on-year decline in revenue, while the operating loss narrowed from ¥52 million to ¥26 million. - FY2020-Q2Revenue decline and narrower operating lossAnnual report
「As a result, revenue was ¥391 million, down 8.8% year on year, and the operating loss was ¥7 million, compared with an operating loss of ¥39 million in the same period of the previous year.」
The eyeglasses business reported lower revenue, while the operating loss narrowed from ¥39 million to ¥7 million. - FY2020-Q1Revenue decline and narrower operating lossAnnual report
「As a result, revenue was ¥228 million, down 20.0% year on year, but the operating loss showed a slight improvement to ¥4 million, compared with an operating loss of ¥12 million in the same period of the previous year, due to the effects of cost reductions.」
The eyeglasses business reported a 20.0% year-on-year decline in revenue, while the operating loss narrowed from ¥12 million to ¥4 million. - FY2019WorsenedAnnual report
「As a result, revenue was ¥840 million, up 1.3% year on year, but the Company recorded an operating loss of ¥79 million, compared with an operating loss of ¥71 million in the previous fiscal year, due in part to an increase in selling, general and administrative expenses.」
The eyeglasses business reported higher revenue, while the operating loss widened from ¥71 million to ¥79 million. - FY2019-Q3WorsenedAnnual report
「Centered on the core frames “Vivid Moon” and “Plus Mix,” we worked to expand distribution channels and transaction volumes with existing customers. As a result, revenue was ¥675 million, up 0.6% year on year, but the operating loss widened to ¥52 million from ¥48 million due partly to an increase in selling, general and administrative expenses.」
The eyeglasses business reported a slight increase in revenue, while the operating loss widened from ¥48 million in the same period of the previous year to ¥52 million. - FY2019-Q2WorsenedAnnual report
「As a result, the Company secured revenue of ¥429 million, broadly in line with the same period of the previous year and down 0.2% year on year, but recorded an operating loss of ¥39 million, compared with an operating loss of ¥34 million in the same period of the previous year, due in part to an increase in selling, general and administrative expenses.」
The eyeglasses business reported a 0.2% year-on-year decline in revenue, while the operating loss widened from ¥34 million to ¥39 million. - FY2019-Q1WorsenedAnnual report
「As a result, revenue increased to ¥284 million, up 24.7% year on year, but the Company recorded an operating loss of ¥12 million, compared with an operating loss of ¥4 million in the same period of the previous year, due to a decline in the gross margin and an increase in selling, general and administrative expenses.」
The eyeglasses business reported higher revenue, while the operating loss widened from ¥4 million in the same period of the previous year to ¥12 million. - FY2018-Q3WorsenedAnnual report
「However, amid sluggish shipments of the core frames to major chain stores and other factors, revenue was ¥671 million, down 7.0% year on year. In addition, the recording of costs related to IOFT2017, Japan's largest international eyewear exhibition, resulted in an operating loss of ¥48 million, compared with operating income of ¥0.2 million in the same period of the previous year.」
The eyeglasses business reported a 7.0% year-on-year decline in revenue, while operating results deteriorated from income of ¥0.2 million in the same period of the previous year to a loss of ¥48 million. - FY2018-Q2WorsenedAnnual report
「Amid sluggish shipments of the core frames to major chain stores and other factors, revenue was ¥430 million, down 2.5% year on year. In addition, costs related to IOFT2017, Japan's largest international eyewear exhibition, were incurred ahead of schedule because the Company participated for the first time in 9 years, resulting in an operating loss of ¥34 million, compared with an operating loss of ¥10 million in the same period of the previous year.」
The eyeglasses business reported a 2.5% year-on-year decline in revenue, while the operating loss widened from ¥10 million in the same period of the previous year to ¥34 million. - FY2018-Q1Slight improvement in lower revenue and operating lossAnnual report
「In the wholesale division, sales were approximately in line with the same period of the previous year, partly due to deliveries of new spring/summer models of the core frames to major chain stores. However, the retail division of the subsidiary remained on the way to improving its earnings capacity, resulting in revenue of ¥228 million, down 2.9% year on year, and an operating loss of ¥4 million, compared with an operating loss of ¥5 million in the same period of the previous year. The improvement was limited.」
The eyeglasses business continued to report a 2.9% year-on-year decline in revenue, while the operating loss improved slightly from ¥5 million to ¥4 million. - FY2017-Q3Improvement from lower revenue and an operating lossAnnual report
「As deliveries of new models of the core frames progressed, revenue was ¥722 million, up 1.7% year on year. Operating income improved to ¥0.2 million, compared with an operating loss of ¥52 million in the same period of the previous year, partly due to the effects of cost savings following the discontinuation of eyeglass lens sales and rationalization measures.」
The situation improved from the previously reported decline in revenue and operating loss to an increase in revenue and operating income. - FY2017-Q2AdvancedAnnual report
「However, delays in the delivery of new spring/summer models of the core frames at some chain stores and other factors resulted in revenue of ¥441 million, down 7.0% year on year. The operating loss improved to ¥10 million, compared with an operating loss of ¥23 million in the same period of the previous year, partly due to cost savings following the discontinuation of eyeglass lens sales.」
The eyeglasses business continued to report a 7.0% year-on-year decline in revenue, while the operating loss narrowed from ¥23 million to ¥10 million. - FY2017-Q1First statedAnnual report
「However, delays in the delivery of new spring/summer models of the core frames resulted in revenue of ¥235 million, down 16.4% year on year, and an operating loss of ¥5 million, compared with operating income of ¥1 million in the same period of the previous year.」
The eyeglasses business reported lower revenue and an operating loss due to delays in the delivery of new spring/summer models.