Growth Investment and Strengthening Marketing Capabilities

「Among overseas markets, North America posted substantial sales growth as sales of global sub-brands such as ATTESA and CITIZEN L expanded. In addition to the main department-store channel, travel retail sales performed well, while online sales, including the company’s own e-commerce business, also grew substantially.」

「In North America, the main market for the “BULOVA” brand, marketing initiatives built around the brand's 150th anniversary proved effective. Strong department-store sales, a major distribution channel, drove overall performance, while specialty stores and jewelry chains also remained solid and the company's own e-commerce channel posted significant sales growth, resulting in higher revenue.」

「In North America, the core market for the BULOVA brand, marketing initiatives tied to the brand’s 150th anniversary proved effective. Strong department-store sales drove overall performance, while specialty stores and jewelry chains remained solid and the company’s own e-commerce business also posted substantial sales growth, resulting in higher sales.」

「In North America, the main market for the “BULOVA” brand, marketing initiatives built around the brand's 150th anniversary proved effective. In addition to its main distribution channels, department stores and jewelry chains, the company's own e-commerce channel also performed well, resulting in a substantial increase in revenue.」

「As a result, across the watch business, while the recovery in consumer sentiment remained limited due to global inflation, the company strengthened global and premium brands as well as mechanical watches. Revenue consequently increased to ¥84.7 billion, up 7.9% year on year. Operating profit, however, declined to ¥9.4 billion, down 7.0% year on year, due mainly to higher advertising expenses associated with the 100th anniversary of the “CITIZEN” brand watches.」

「The China market recorded higher revenue as collaboration products were well received and the company tested new sales methods using social media.」

「Within overseas markets, North America recorded higher revenue as e-commerce sales and other channels performed mainly well, although the jewelry chain and department-store channels showed some weakness as persistently high inflation increased consumers' inclination to economize. In Europe, revenue increased as the United Kingdom and Italy remained strong despite inflation, while the expansion of new stores carrying the products progressed smoothly in France.」

「Within overseas markets, North America recorded higher revenue as e-commerce sales and other channels performed mainly well, although the jewelry chain and department-store channels showed some weakness amid persistently high inflation and growing uncertainty over the outlook. In Europe, revenue increased as the United Kingdom and Italy remained strong despite severe inflation, while the expansion of new stores carrying the products progressed smoothly in France.」

「We will build systems for maintaining ongoing connections with users by strengthening each touchpoint, including stores, e-commerce sites, advertising and after-sales service. We will also analyze this data to enhance the value of our products and services and work to build a recurring cycle that encourages users to continue making purchases.」

「As a result, across the watch business, although declining consumer sentiment amid global inflation was a concern, overseas markets remained strong as the company worked to expand the number of stores carrying its products, while the weaker yen also contributed. Revenue consequently increased to ¥117.3 billion, up 14.1% year on year.」

「As a result, across the watch business, although declining consumer sentiment amid global inflation was a concern, overseas markets remained strong as the company worked to expand the number of stores carrying its products, while the weaker yen also contributed. Revenue consequently increased to ¥73.3 billion, up 18.2% year on year.」

「As a result, across the watch business, although declining consumer sentiment amid global inflation was a concern, the yen weakened and the company accelerated initiatives to strengthen e-commerce sales and expanded its product lineup suited to distribution channels. Revenue consequently increased to ¥35.1 billion, up 21.1% year on year.」

「As a result, across the watch business, while the impact of the spread of COVID-19 remained, the company accelerated initiatives to strengthen e-commerce sales and expanded its product lineup suited to distribution channels. Revenue consequently increased to ¥102.8 billion, up 43.4% year on year.」

「As a result, across the watch business, while the impact of the spread of COVID-19 remained, the company accelerated initiatives to strengthen e-commerce sales and expanded its product lineup suited to distribution channels. Revenue consequently increased to ¥62.0 billion, up 62.8% year on year.」

「As a result, across the watch business, while the impact of the spread of COVID-19 remained, the company accelerated initiatives to strengthen e-commerce sales and expanded its product lineup suited to distribution channels. Revenue consequently increased to ¥29.0 billion, up 141.0% year on year.」

「As a result, across the watch business, sales declined significantly amid the stagnation of global economic activity. Although the company accelerated initiatives to strengthen e-commerce sales, revenue fell to ¥71.7 billion, down 39.4% year on year.」

「As a result, across the watch business, sales declined significantly amid the stagnation of global economic activity. Although the company accelerated initiatives to strengthen e-commerce sales, revenue fell to ¥38.1 billion, down 47.3% year on year.」

「Within watch sales, the domestic market for the “CITIZEN” brand was severely affected by the sharp decline in inbound demand, temporary closures of physical stores and reduced operating hours. Although the Company sought to expand sales by strengthening e-commerce, sales declined significantly.」

「In addition to promoting existing e-commerce sales, the Company will strengthen e-commerce sales by rapidly building in the domestic market a direct-to-consumer e-commerce platform that is already ahead in the US market. It will also further strengthen digital marketing services currently being developed, including “Riiiver,” “FTS (Fine Tuning Service)” and the “AI Watch Recommendation Service,” to expand earnings by developing new customers and promoting an omnichannel strategy.」

「In addition to the success of an event commemorating the launch of the Japan national rugby team model, there was some front-loaded demand ahead of the consumption-tax increase, resulting in higher revenue.」

「As a result, the Company sought to expand sales by accelerating new-product launches and investment in advertising and promotion, but the business remained weak, particularly in overseas markets, while movement sales also struggled to grow. The overall watch business therefore posted revenue of ¥33.5 billion, down 6.5% year on year.」

「As a result, although the Company accelerated new-product launches and investment in advertising and promotion, and finished watches showed signs of recovery, recovery in the movement market fell short of expectations. The overall watch business therefore posted revenue of ¥127.0 billion, down 0.4% year on year.」

「As a result, although the Company accelerated the launch of new products and investment in advertising and promotion, demand for finished watches in the domestic market and for movements had not recovered as expected. The overall watch business therefore posted revenue of ¥74.9 billion, down 3.3% year on year.」

「An event held on 28 May to commemorate the 100th anniversary of the Company's founding was well received, and limited-edition products also performed well, but overall demand in the domestic watch market remained weak.」

「Operating profit for the fiscal year was ¥24.9 billion and ROA was 4.8%. Progress has fallen behind schedule, mainly in the watch business, in response to changes in the market environment, but the Company will accelerate promotional activities and advertising investment for growth and work to improve performance.」

「In the domestic market for the “CITIZEN” brand, inbound demand began to recover, particularly in urban areas, and GINZA SIX, the commercial complex in Ginza, Tokyo, that opened in April, hosted various well-received events.」

「In the domestic market for the “CITIZEN” brand, new products performed well, including the world's first Citizen Watch Group flagship store at the GINZA SIX commercial complex in Ginza, Tokyo, the 30th-anniversary model of the leading men's brand ATTESA, and the third annual LIGHT IN BLACK campaign, which helped expand the market share of GPS satellite radio-controlled watches.」

「We will actively allocate the funds generated by structural reforms during the previous 3 years, from the fiscal year ended March 2014 through the fiscal year ended March 2016, to growth investments and aim to expand business performance.」

「We will actively allocate the funds generated by structural reforms during the previous 3 years, from the fiscal year ended March 2014 through the fiscal year ended March 2016, to growth investments and aim to expand business performance.」

「We will actively allocate the funds generated by structural reforms during the previous 3 years, from the fiscal year ended March 2014 through the fiscal year ended March 2016, to growth investments and aim to expand business performance.」

「We will actively allocate the funds generated by structural reforms during the previous 3 years, from the fiscal year ended March 2014 through the fiscal year ended March 2016, to growth investments and aim to expand business performance.」