Inventory Write-Downs and Operating, Ordinary and Net Losses
First written in FY2017-Q2. 20 of 37 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2027-H1.
Sanyo Shokai moved to the "Worse" side of this theme in 2019, 5 years before the typical company in this theme (2024).
The whole theme swung hardest in 2018: 11 of 39 companies on the "Worse" side.
41 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「As a result, even during the current interim consolidated fiscal period, the decrease in gross profit resulting from lower net sales could not be offset, resulting in an operating loss.」
The operating loss was ¥499 million, the ordinary loss was ¥421 million and the interim net loss attributable to owners of the parent was ¥555 million, with the loss amounts increasing from the respective losses in the same period of the previous year. - 2026-06-30MitigatedEarnings
「As a result, operating profit exceeded the previous year.」
Operating profit increased year on year, indicating an improvement from the recent weakness in full-year profit levels. - FY2026MitigatedAnnual report
「Operating income was ¥1,298 million (down 52.2% year on year), ordinary income was ¥1,436 million (down 49.2%), and net income attributable to owners of the parent was ¥4,113 million (up 2.7%).」
For the full year, the Group maintained operating income, ordinary income and net income attributable to owners of the parent despite profit and loss risks related to inventory write-downs and incurred losses. However, operating and ordinary income decreased from the previous year, and an impairment loss of ¥519 million was also recognized. - FY2026-H1WorsenedAnnual report
「The operating loss was ¥213 million (compared with operating income of ¥599 million in the same period of the previous year), the ordinary loss was ¥149 million (compared with ordinary income of ¥678 million), and the interim net loss attributable to owners of the parent was ¥299 million (compared with interim net income of ¥457 million).」
Operating income, ordinary income and interim net income attributable to owners of the parent recorded in the same period of the previous year each turned into a loss in the current interim consolidated fiscal period. - FY2025MitigatedAnnual report
「As a result, for the current consolidated fiscal year, the Group reported net sales of ¥60,526 million (down 1.3% year on year), operating income of ¥2,715 million (down 10.9%), ordinary income of ¥2,825 million (down 11.3%) and net income attributable to owners of the parent of ¥4,007 million (up 43.7%).」
For the full year, the Group also recorded operating income of ¥2,715 million, ordinary income of ¥2,825 million and net income attributable to owners of the parent of ¥4,007 million, with the previous operating, ordinary and net loss position not continuing. Meanwhile, operating and ordinary income were below the previous year. - FY2025-Q1RestatedAnnual report
「As a result, for the cumulative first quarter of the current consolidated fiscal year, the Group reported net sales of ¥15,378 million (down 3.7% year on year), operating income of ¥747 million (down 27.8%), ordinary income of ¥730 million (down 28.7%) and quarterly net income attributable to owners of the parent of ¥590 million (down 34.1%).」
Although the Group maintained operating income, ordinary income and quarterly net income attributable to owners of the parent, the amounts of profit decreased from the same period of the previous year. There is no statement that operating or ordinary losses recurred. - FY2024AdvancedAnnual report
「As a result, for the current consolidated fiscal year, the Group reported net sales of ¥61,353 million (up 5.3% year on year), operating income of ¥3,047 million (up 36.3%), ordinary income of ¥3,184 million (up 30.7%) and net income attributable to owners of the parent of ¥2,787 million (up 29.3%).」
The Group continued to report operating income, ordinary income and net income attributable to owners of the parent, with operating income of ¥3,047 million, ordinary income of ¥3,184 million and net income of ¥2,787 million, all increasing from the previous fiscal year. - FY2024-Q3MitigatedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, the Group reported net sales of ¥44,603 million (up 6.4% year on year), operating income of ¥1,727 million (up 68.0%), ordinary income of ¥1,773 million (up 52.4%) and quarterly net income attributable to owners of the parent of ¥1,696 million (up 72.2%).」
The Group recorded operating income, ordinary income and quarterly net income attributable to owners of the parent, with profit generation continuing after the previous period of operating, ordinary and net losses. - FY2023MitigatedAnnual report
「Merchandise and finished goods 7,819 8,024 Inventory valuation loss 422 184」
The inventory valuation loss decreased from ¥422 million in the previous fiscal year to ¥184 million in the current fiscal year. The balance of merchandise and finished goods was ¥8,024 million, and the recognition of valuation losses has continued. - FY2023-Q3MitigatedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, the Group reported net sales of ¥41,937 million, operating income of ¥1,028 million, ordinary income of ¥1,163 million and quarterly net income attributable to owners of the parent of ¥985 million.」
The Group recorded operating income of ¥1,028 million, ordinary income of ¥1,163 million and quarterly net income attributable to owners of the parent of ¥985 million, turning from the operating and ordinary losses that had continued previously into profit. - FY2023-Q2MitigatedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, the Group reported net sales of ¥25,464 million, an operating loss of ¥317 million, an ordinary loss of ¥141 million and a quarterly net loss attributable to owners of the parent of ¥246 million.」
The operating loss narrowed from ¥2,033 million in the same period of the previous year to ¥317 million, the ordinary loss narrowed from ¥1,876 million to ¥141 million, and the quarterly net loss attributable to owners of the parent narrowed from ¥1,910 million to ¥246 million. Although losses remain, the extent of the deterioration in profit and loss has eased substantially. - FY2023-Q1MitigatedAnnual report
「As a result, for the cumulative first quarter of the current consolidated fiscal year, the Group reported net sales of ¥14,355 million, operating income of ¥502 million, ordinary income of ¥593 million and quarterly net income attributable to owners of the parent of ¥559 million.」
The Group recorded operating income of ¥502 million, ordinary income of ¥593 million and quarterly net income attributable to owners of the parent of ¥559 million, indicating that the operating and ordinary losses that had continued previously were eliminated in the first quarter. - FY2022MitigatedAnnual report
「As a result, for the current consolidated fiscal year, the Group reported net sales of ¥38,642 million (up 1.9% year on year), an operating loss of ¥1,058 million (compared with an operating loss of ¥8,913 million in the previous year), an ordinary loss of ¥735 million (compared with an operating loss of ¥9,036 million in the previous year), and net income attributable to owners of the parent of ¥661 million (compared with a net loss attributable to owners of the parent of ¥4,988 million in the previous year).」
Although operating and ordinary losses remain, they narrowed substantially from the previous year, while profit attributable to owners of the parent turned from a loss into profit of ¥661 million. - FY2022-Q2MitigatedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, the Group reported net sales of ¥16,436 million (up 7.2% year on year), an operating loss of ¥2,033 million (compared with an operating loss of ¥5,712 million in the same period of the previous year) and an ordinary loss of ¥1,876 million (compared with an ordinary loss of ¥5,738 million). In addition, because fixed costs and other expenses resulting from store closures following the declaration of a state of emergency were recognized as extraordinary losses, the quarterly net loss attributable to owners of the parent was ¥1,910 million (compared with a quarterly net loss of ¥6,648 million in the same period of the previous year).」
The operating loss narrowed from ¥5,712 million in the same period of the previous year to ¥2,033 million, the ordinary loss narrowed from ¥5,738 million to ¥1,876 million, and the quarterly net loss attributable to owners of the parent narrowed from ¥6,648 million to ¥1,910 million. Although losses remain, the loss amount decreased substantially from the same period of the previous year. - FY2022-Q1MitigatedAnnual report
「As a result, for the cumulative first quarter of the current consolidated fiscal year, the Group reported net sales of ¥8,710 million (up 51.4% year on year), an operating loss of ¥566 million (compared with an operating loss of ¥2,996 million in the same period of the previous year) and an ordinary loss of ¥524 million (compared with an ordinary loss of ¥3,144 million). In addition, because fixed costs and other expenses resulting from store closures following the declaration of a state of emergency were recognized as extraordinary losses, the quarterly net loss attributable to owners of the parent was ¥748 million (compared with a quarterly net loss of ¥4,596 million in the same period of the previous year).」
The operating loss narrowed from ¥2,996 million in the same period of the previous year to ¥566 million, the ordinary loss narrowed from ¥3,144 million to ¥524 million, and the quarterly net loss attributable to owners of the parent narrowed from ¥4,596 million to ¥748 million. Although losses remain, the extent of the deterioration in profit and loss has eased year on year. - FY2021WorsenedAnnual report
「As a result, for the current consolidated fiscal year, the Group reported net sales of ¥37,939 million, an operating loss of ¥8,913 million, an ordinary loss of ¥9,036 million and a net loss attributable to owners of the parent of ¥4,988 million.」
The Group recorded an operating loss of ¥8,913 million, an ordinary loss of ¥9,036 million and a net loss attributable to owners of the parent of ¥4,988 million, representing a substantial deterioration from the loss position in the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, the Group reported net sales of ¥26,895 million, an operating loss of ¥6,785 million and an ordinary loss of ¥6,812 million. In addition, while fixed costs and other expenses resulting from store closures and other factors were recognized as extraordinary losses in the first quarter, gains on the sale of owned real estate were recognized as extraordinary income in the third quarter, and as a result of this and other factors, the quarterly net loss attributable to owners of the parent was ¥1,255 million.」
The Group recorded an operating loss of ¥6,785 million, an ordinary loss of ¥6,812 million and a quarterly net loss attributable to owners of the parent of ¥1,255 million, with operating and ordinary losses continuing. The net loss was reduced by gains on the sale of owned real estate, but the loss at the operating level has not been eliminated. - FY2021-Q2WorsenedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, the Group reported net sales of ¥15,328 million, an operating loss of ¥5,712 million and an ordinary loss of ¥5,738 million. In addition, because fixed costs and other expenses resulting from store closures and other factors were recognized as extraordinary losses, the quarterly net loss attributable to owners of the parent was ¥6,648 million.」
Including the effects of store closures and other factors due to COVID-19, the Group recorded an operating loss of ¥5,712 million, an ordinary loss of ¥5,738 million and a quarterly net loss attributable to owners of the parent of ¥6,648 million. - FY2021-Q1WorsenedAnnual report
「Regarding selling, general and administrative expenses, the Company worked to reduce total expenses through measures including controlling personnel expenses and negotiating reductions in real estate rents, but the operating loss increased. As a result, for the cumulative first quarter of the current consolidated fiscal year, the Group reported net sales of ¥5,753 million, an operating loss of ¥2,996 million, and an ordinary loss of ¥3,144 million. In addition, because fixed costs and other expenses resulting from store closures following the declaration of a state of emergency were recognized as extraordinary losses, the net loss attributable to owners of the parent was ¥4,596 million.」
Although the Company proceeded with reductions in selling, general and administrative expenses by controlling personnel expenses and negotiating reductions in rent, it reported an operating loss of ¥2,996 million, an ordinary loss of ¥3,144 million and a quarterly net loss attributable to owners of the parent of ¥4,596 million, indicating that losses increased. - FY2020WorsenedAnnual report
「The gross profit margin deteriorated due to an expansion in discount sales to reduce carried-over inventory and impairment losses on inventories, among other factors.」
The gross margin deteriorated due to increased discount sales to reduce carried-over inventory and inventory valuation losses. The operating loss was ¥2,875 million and the ordinary loss was ¥2,899 million. - FY2020-Q4WorsenedAnnual report
「As a result, for the cumulative fourth quarter of the current consolidated fiscal year, the Group reported net sales of ¥58,571 million, an operating loss of ¥2,374 million, an ordinary loss of ¥2,285 million, and a quarterly net loss attributable to owners of the parent of ¥1,590 million.」
The operating loss, ordinary loss and net loss attributable to owners of the parent continued to be incurred, and the operating loss increased. - FY2020-Q3WorsenedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, the Group reported net sales of ¥42,105 million (up 1.7% year on year), an operating loss of ¥2,140 million (compared with an operating loss of ¥2,259 million in the same period of the previous year), an ordinary loss of ¥2,165 million (compared with an operating loss of ¥2,209 million in the same period of the previous year), and a quarterly net loss attributable to owners of the parent of ¥1,977 million (compared with quarterly net income attributable to owners of the parent of ¥1,560 million in the same period of the previous year).」
While the operating loss and ordinary loss narrowed from the same period of the previous year, quarterly profit attributable to owners of the parent turned from profit of ¥1,560 million in the same period of the previous year into a loss of ¥1,977 million. - FY2020-Q2WorsenedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, the Group reported net sales of ¥29,735 million (up 1.6% year on year), an operating loss of ¥863 million (compared with an operating loss of ¥807 million in the same period of the previous year), an ordinary loss of ¥827 million (compared with an ordinary loss of ¥738 million), and a quarterly net loss attributable to owners of the parent of ¥606 million (compared with quarterly net income of ¥3,006 million in the same period of the previous year).」
The operating loss and ordinary loss increased from the same period of the previous year, and quarterly profit attributable to owners of the parent turned from profit in the same period of the previous year into a net loss of ¥606 million in the current period. - FY2020-Q1MitigatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the Company secured an increase in net sales by implementing marketing initiatives that had previously been held back. In addition, while investing in marketing initiatives, it pressed ahead with reducing selling, general and administrative expenses, achieving a return to operating and ordinary profitability.」
The operating and ordinary losses incurred in the same period of the previous year became operating income of ¥245 million and ordinary income of ¥198 million, respectively, in the current quarter, indicating that the loss position was temporarily eliminated. Meanwhile, quarterly net income attributable to owners of the parent was limited to ¥4 million. - FY2018WorsenedAnnual report
「The operating loss was ¥2,176 million (compared with an operating loss of ¥1,907 million in the previous year), the ordinary loss was ¥1,950 million (compared with an ordinary loss of ¥1,941 million), and the net loss attributable to owners of the parent was ¥819 million (compared with a net loss attributable to owners of the parent of ¥1,025 million).」
The operating loss and ordinary loss increased from the previous fiscal year. Meanwhile, the net loss attributable to owners of the parent narrowed due in part to gains on the sale of fixed assets, with the changes differing by profit and loss item. - FY2019-Q3MitigatedAnnual report
「The operating loss was ¥2,259 million (compared with an operating loss of ¥2,814 million in the same period of the previous year), the ordinary loss was ¥2,209 million (compared with an ordinary loss of ¥2,933 million), and quarterly net income attributable to owners of the parent was ¥1,560 million, due in part to the sale of real estate owned by the Company, including the Sanyo Shokai Aoyama Building (compared with a quarterly net loss attributable to owners of the parent of ¥1,457 million in the same period of the previous year).」
Both the operating loss and ordinary loss narrowed from the same period of the previous year, while quarterly profit attributable to owners of the parent turned from a loss in the same period of the previous year into profit of ¥1,560 million. However, operating and ordinary losses are still being incurred. - FY2019-Q2MitigatedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, the Group reported net sales of ¥29,266 million (down 8.2% year on year), an operating loss of ¥807 million (compared with an operating loss of ¥1,626 million in the same period of the previous year), an ordinary loss of ¥738 million (compared with an ordinary loss of ¥1,709 million), and quarterly net income attributable to owners of the parent of ¥3,006 million, following the sale of real estate owned by the Company, including the Sanyo Shokai Aoyama Building (compared with a quarterly net loss of ¥211 million in the same period of the previous year).」
Both the operating loss and ordinary loss narrowed from the same period of the previous year, while quarterly profit attributable to owners of the parent turned from a loss in the same period of the previous year into profit of ¥3,006 million. However, operating and ordinary losses are still being incurred. - FY2019-Q1MitigatedAnnual report
「As a result, for the cumulative first quarter of the current consolidated fiscal year, the Group reported net sales of ¥15,655 million (down 10.7% year on year), an operating loss of ¥35 million (compared with an operating loss of ¥251 million in the same period of the previous year), an ordinary loss of ¥120 million (compared with an ordinary loss of ¥309 million), and net income attributable to owners of the parent of ¥1,623 million (up 46.6% year on year).」
The operating loss narrowed from ¥251 million to ¥35 million, and the ordinary loss narrowed from ¥309 million to ¥120 million. The Group recorded quarterly net income of ¥1,623 million rather than the net loss recorded in the same period of the previous year. Operating and ordinary losses are still being incurred. - FY2017MitigatedAnnual report
「As a result, for the current consolidated fiscal year, the Group reported net sales of ¥62,549 million (down 7.5% year on year), an operating loss of ¥1,907 million (compared with an operating loss of ¥8,430 million in the previous year), an ordinary loss of ¥1,941 million (compared with an ordinary loss of ¥8,196 million), and a net loss attributable to owners of the parent of ¥1,025 million (compared with a net loss attributable to owners of the parent of ¥11,366 million in the previous year).」
The operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed substantially from the previous year. However, each loss was still incurred for the full year. - FY2018-Q3MitigatedAnnual report
「The operating loss was ¥2,814 million (compared with an operating loss of ¥8,304 million in the same period of the previous year), the ordinary loss was ¥2,933 million (compared with an ordinary loss of ¥8,274 million), and the net loss attributable to owners of the parent was ¥1,457 million (compared with a net loss attributable to owners of the parent of ¥8,175 million), due in part to the recognition of gains on the sale of investment securities as extraordinary income.」
The operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed substantially from the same period of the previous year. Although losses continue to be incurred, the extent of the deterioration in performance has eased further. - FY2018-Q2MitigatedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, the Group reported net sales of ¥31,891 million (down 6.6% year on year), an operating loss of ¥1,626 million (compared with an operating loss of ¥5,812 million in the same period of the previous year), an ordinary loss of ¥1,709 million (compared with an ordinary loss of ¥5,763 million in the same period of the previous year), due in part to the recognition of borrowing-related expenses as non-operating expenses, and a net loss attributable to owners of the parent of ¥211 million (compared with a net loss attributable to owners of the parent of ¥5,488 million in the same period of the previous year).」
The operating loss, ordinary loss and net loss attributable to owners of the parent all narrowed from the same period of the previous year. However, losses are still being incurred in each category. - FY2018-Q1MitigatedAnnual report
「As a result, for the cumulative first quarter of the current consolidated fiscal year, the Group reported net sales of ¥17,526 million (down 7.9% year on year), an operating loss of ¥251 million (compared with an operating loss of ¥518 million in the same period of the previous year), and an ordinary loss of ¥309 million (compared with an ordinary loss of ¥567 million in the same period of the previous year).」
Both the operating loss and ordinary loss narrowed from the same period of the previous year, and inventory reduction efforts are also progressing. However, operating and ordinary losses are still being incurred; the risk itself has not been stated to have been eliminated. - FY2016WorsenedAnnual report
「In addition to losses on the disposal of some inventories, the company recorded an inventory valuation loss of ¥1.651 billion for new and discontinued brands. As a result, operating loss was ¥8.430 billion, compared with operating income of ¥6.577 billion in the previous year, ordinary loss was ¥8.196 billion, compared with ordinary income of ¥7.036 billion in the previous year, and net loss attributable to owners of the parent was ¥11.366 billion, compared with net income attributable to owners of the parent of ¥2.595 billion in the previous year, partly due to recording an income tax adjustment of ¥3.070 billion associated with the reversal of deferred tax assets and other items.」
Inventory-related losses, including the ¥1.651 billion inventory valuation loss for new and discontinued brands, are disclosed. For the full year, operating loss was ¥8.430 billion, ordinary loss was ¥8.196 billion and net loss attributable to owners of the parent was ¥11.366 billion. - FY2017-Q3WorsenedAnnual report
「As a result, during the 3rd quarter cumulative consolidated accounting period, the group's net sales were ¥47.875 billion, down 35.0% year on year, operating loss was ¥8.304 billion, compared with operating income of ¥6.841 billion in the same period of the previous year, and ordinary loss was ¥8.274 billion, compared with ordinary income of ¥7.111 billion in the same period of the previous year」
The losses increased from an operating loss of ¥5.812 billion and an ordinary loss of ¥5.763 billion in the cumulative second-quarter period. Inventory valuation losses are not cited as a new factor in this filing. - FY2017-Q2First statedAnnual report
「As a result of recognizing a ¥2.753 billion write-down of carried-over merchandise inventories and other factors, the operating loss was ¥5.812 billion, compared with operating income of ¥7.754 billion in the same period of the previous year, and the ordinary loss was ¥5.763 billion, compared with ordinary income of ¥7.983 billion.」
The Company recognized an inventory write-down and reported a shift from operating and ordinary income in the same period of the previous year to losses in the current period.