Risk of reliance on inbound demand from China
First written in FY2018. 5 of 12 entries say "Restated". Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1RestatedAnnual report
「Meanwhile, the suspension of KOL livestream sales in China due to the impact of the ALPS-treated water issue has been a major factor behind lower profit.」
In the Chinese market, the suspension of KOL livestream sales due to the impact of the ALPS-treated water issue continues to be cited as a factor behind lower profit. - FY2023MaterialisedAnnual report
「However, due to the impact of the ALPS-treated water issue from late August 2023, online KOL livestream sales were suspended, resulting in lower-than-planned sales.」
In the Chinese market, online sales were suspended due to external circumstances related to a specific country or region, resulting in a decline in planned sales. - FY2022RestatedAnnual report
「The Group is working to build a structure that does not depend on inbound demand from any particular country and is strengthening sales in Japan, the United States and Asian regions other than China.」
The Company continues its policy of strengthening sales in Japan, the United States and Asian regions other than China to reduce dependence on inbound demand from specific countries. - FY2022-Q3RestatedAnnual report
「The prolonged COVID-19 pandemic caused inbound demand to remain sluggish.」
The Company reiterates its view that inbound demand will remain sluggish as the COVID-19 pandemic continues. - FY2021-Q2RestatedAnnual report
「Due to the prolonged COVID-19 pandemic, sluggish inbound demand resulting from continuing entry restrictions, calls for people in Japan to refrain from going out, declarations of a state of emergency in major cities nationwide from January 2021 through March 2021, and weak personal consumer sentiment continued,」
The Company reiterates its view that sluggish inbound demand due to entry restrictions, calls for people in Japan to refrain from going out, and weak consumer sentiment will continue. - FY2021-Q1RestatedAnnual report
「Although performance remained strong, led by the new ReFa brand products ReFa BEAUTECH CURL IRON and ReFa BEAUTECH STRAIGHT IRON, inbound demand remained sluggish amid continuing entry restrictions, calls for people in Japan to refrain from going out, and weak personal consumer sentiment due to the prolonged COVID-19 pandemic. The number of COVID-19 cases continued to trend upward, particularly in the Tokyo metropolitan area, and the situation remained uncertain.」
The Company reiterates its view that sluggish inbound demand due to entry restrictions and weak consumer sentiment will continue. - FY2020-Q3WorsenedAnnual report
「Across all sales channels, the downturn in inbound demand caused by continuing entry restrictions and other measures following the spread of COVID-19, the decline in customer traffic due to calls for people in Japan to refrain from going out, and weakening consumer sentiment continued to worsen, resulting in sales below forecasts.」
The downturn in inbound demand caused by continuing entry restrictions became more severe as it coincided with people in Japan refraining from going out, declining customer traffic and weakening consumer sentiment, becoming a factor behind the sales shortfall across all sales channels. - FY2020-Q2WorsenedAnnual report
「Across all sales channels, the downturn in inbound demand caused by continuing entry restrictions and other measures following the spread of COVID-19, together with a decline in customer traffic due to calls for people in Japan to refrain from going out, became increasingly severe, resulting in sales falling substantially short of forecasts.」
The downturn in inbound demand related to China due to entry restrictions and other measures became more severe as it coincided with the spread of COVID-19, becoming a factor behind the shortfall in overall store sales. - FY2020-Q1WorsenedAnnual report
「However, revenue declined substantially due to a sharp decrease in inbound demand from South Korea and Hong Kong following the implementation of the new e-commerce law (China's E-Commerce Law), continued demonstrations in Hong Kong, the impact of a boycott of Japanese products in South Korea amid deteriorating Japan-South Korea relations, and slower sales in China, resulting in an ordinary loss.」
The new e-commerce law, demonstrations in Hong Kong, deteriorating Japan-South Korea relations and slower sales in China combined to reduce global business revenue by 52.8% year on year, resulting in an ordinary loss of ¥49 million. - FY2019-Q3WorsenedAnnual report
「The Group has been affected by a decline in inbound demand following the enactment of the new e-commerce law in China (China's E-Commerce Law).」
The impact of the decline in inbound demand caused by China's new e-commerce law continued and emerged as a factor behind lower revenue and profit in multiple business segments, particularly the global business. - FY2019-Q2MaterialisedAnnual report
「In addition, inbound demand from South Korea and Hong Kong declined due to the impact of the new e-commerce law (China's E-Commerce Law).」
With respect to dependence on inbound demand from China, the decline in inbound demand from South Korea and Hong Kong due to the new e-commerce law has actually occurred. - FY2018First statedAnnual report
「The Group is particularly affected by inbound demand from China. Accordingly, it has begun expanding in the United States and Europe to build a structure that does not depend on inbound demand from any particular country.」
The Company recognizes its dependence on demand from Chinese visitors to Japan and identifies expansion in the United States and Europe and sharing developments with the Board of Directors as measures to reduce it.