Improving profitability by narrowing the store base to profitable locations and reducing costs

「ホームファニシング事業につきましては、受注獲得が進んだことにより増収となり、利益面についても改善いたしました。」

「In the home furnishings business, sales declined significantly due to lower OEM orders and sales at directly operated stores falling below the initial plan. As a result, sales in this business were ¥407 million, down 13.4% from the previous fiscal year, and the segment loss (operating loss) was ¥224 million, compared with a segment loss of ¥162 million in the previous consolidated fiscal year.」

「In the home furnishings business, sales declined sharply due to lower OEM orders and sales at directly operated stores falling below the initial plan. As a result, sales in this business were ¥137 million, down 34.5% year on year, and the segment loss (operating loss) was ¥149 million, compared with a segment loss of ¥54 million in the same period of the previous year.」

「In the home furnishings business, lower OEM orders resulted in lower revenue and an operating loss. As a result, revenue in this business was ¥469 million, down 41.2% from the previous fiscal year, and the segment loss (operating loss) was ¥162 million, compared with segment profit of ¥23 million in the previous consolidated fiscal year.」

「In the home furnishings business, lower OEM orders resulted in lower revenue and the recognition of an operating loss. As a result, revenue in this business was ¥209 million, down 57.9% year on year, and the segment loss (operating loss) was ¥54 million, compared with segment profit of ¥44 million in the same period of the previous year.」

「In the home furnishings business, revenue declined substantially because bulk deliveries of spring and summer products, which had represented special demand in the previous fiscal year, ended. However, the business continued to maintain its profitable trend. As a result, revenue in this business was ¥798 million, down 65.0% from the previous fiscal year, and segment profit (operating profit) was ¥23 million, down 92.3% from the previous fiscal year.」

「In the home furnishings business, revenue declined substantially because bulk deliveries of spring and summer products, which had represented special demand in the previous fiscal year, ended, and OEM orders declined due to weak in-store sales. However, the business continued to maintain its profitable trend. As a result, revenue in this business was ¥706 million, down 65.3% year on year, and segment profit (operating profit) was ¥69 million, down 76.5% year on year.」

「In the home furnishings business, orders declined due to weak in-store sales, resulting in a substantial decline in revenue. However, the business continued to maintain its profitable trend. As a result, revenue in this business was ¥497 million, down 68.2% year on year, and segment profit (operating profit) was ¥44 million, down 78.4% year on year.」

「In the home furnishings business, revenue declined substantially in part because the special demand, including bulk deliveries of spring and summer products in the previous consolidated fiscal year, ended. However, the business continued to maintain its profitable trend. As a result, revenue in this business was ¥234 million, down 73.6% year on year, and segment profit (operating profit) was ¥26 million, down 70.8% year on year.」

「In the home furnishings business, the license agreement for the Ralph Lauren Home Collection ended at the end of the previous consolidated fiscal year, and the business changed from selling products in stores to supplying products, resulting in lower revenue. However, the effect of expense reductions led to a substantial increase in profit. As a result, revenue in this business was ¥2,281 million, down 42.8% from the previous fiscal year, and segment profit (operating profit) was ¥303 million, up 729.8% from the previous fiscal year.」

「In the home furnishings business, the license agreement for the Ralph Lauren Home Collection ended at the end of the previous consolidated fiscal year, and the business changed from in-store sales to supplying products, resulting in lower revenue. However, the effect of expense reductions led to a substantial increase in profit. As a result, revenue in this business was ¥2,039 million, down 29.7% year on year, and segment profit (operating profit) was ¥295 million, up 538.9% year on year.」

「In the home furnishings business, the license agreement for the Ralph Lauren Home Collection ended at the end of the previous consolidated fiscal year, and the business changed from in-store sales to supplying products, resulting in lower revenue. However, the effect of expense reductions led to a substantial increase in profit. As a result, revenue in this business was ¥1,563 million, down 16.5% year on year, and segment profit (operating profit) was ¥207 million, up 419.0% year on year.」

「In the home furnishings business, in-store sales remained strong after the number of infections began to decline. Revenue increased, profit improved and the business returned to profitability. As a result, revenue in this business was ¥3,987 million, compared with ¥3,494 million in the previous consolidated fiscal year, and segment profit (operating profit) was ¥36 million, compared with a segment loss of ¥48 million in the previous consolidated fiscal year.」

「In the home furnishings business, although operations were affected by requests to refrain from going out following declarations of a state of emergency and reduced operating hours at some facilities through the cumulative second quarter of the fiscal year, in-store sales remained strong after the number of infections began to decline. Revenue increased, profit improved and the business returned to profitability. As a result, revenue in this business was ¥2,900 million, compared with ¥2,445 million in the same period of the previous year, and segment profit (operating profit) was ¥46 million, compared with a segment loss of ¥85 million in the same period of the previous year.」

「In the home furnishings business, although operations were affected by requests to refrain from going out following declarations of a state of emergency and reduced operating hours at some facilities, more stores continued operating without being as severely affected as in the same period of the previous year. Revenue increased, profit improved and the business returned to profitability. As a result, revenue in this business was ¥1,872 million, compared with ¥1,504 million in the same period of the previous year, and segment profit (operating profit) was ¥40 million, compared with a segment loss of ¥105 million in the same period of the previous year.」

「In the home furnishings business, although operations were affected by requests to refrain from going out following the declaration of a state of emergency and reduced operating hours at some facilities, more stores continued operating without being as severely affected as in the previous fiscal year. This led to a substantial increase in revenue and an improvement in profit. As a result, revenue in this business was ¥717 million, compared with ¥373 million in the same period of the previous year, and the segment loss (operating loss) was ¥86 million, compared with a segment loss of ¥174 million in the same period of the previous year.」

「In the home furnishings business, the declaration of a state of emergency in April due to the spread of COVID-19 led department stores, the main sales channels, and commercial facilities housing directly operated stores to suspend operations. The resulting loss of sales opportunities for approximately 2 months caused revenue to decline and the business to become loss-making. As a result, revenue in this business was ¥2,445 million, down 11.3% year on year, and the segment loss (operating loss) was ¥85 million, compared with segment profit of ¥8 million in the same period of the previous year.」

「In the home furnishings business, following the declaration of a state of emergency due to the spread of COVID-19, department stores, the main sales channels, and commercial facilities housing directly operated stores suspended operations. The resulting loss of sales opportunities for approximately 2 months led to a substantial decline in revenue and a return to a loss. As a result, revenue in this business was ¥1,504 million, down 18.9% year on year, and the segment loss (operating loss) was ¥105 million, compared with segment profit of ¥14 million in the same period of the previous year.」

「In the home furnishings business, following the declaration of a state of emergency due to the spread of COVID-19, department stores, the main sales channels, and commercial facilities housing directly operated stores suspended operations. The resulting loss of sales opportunities for approximately 2 months led to a substantial decline in revenue and profit. As a result, revenue in this business was ¥373 million, down 48.5% year on year, and the segment loss (operating loss) was ¥174 million, compared with a segment loss of ¥60 million in the same period of the previous year.」

「In the home furnishings business, the company focused on and changed the format of unprofitable stores, resulting in lower revenue, but gross profit increased through new openings of directly operated stores and reduced procurement costs. Profit also improved due to expense reductions, resulting in a return to profitability. As a result, revenue was ¥3,829 million, down 6.1% from the previous fiscal year, and segment profit (operating profit) was ¥32 million, compared with a segment loss of ¥33 million in the previous consolidated fiscal year.」

「In the home furnishings business, the company opened new directly operated stores and focused on and changed the format of unprofitable stores. Revenue remained broadly in line with the previous year, but profit improved through reductions in procurement costs and expenses, resulting in a return to profitability. Revenue was ¥2,756 million, a decrease of ¥45 million, or 1.6%, from the same quarter of the previous year, while segment profit (operating profit) was ¥8 million, an improvement of ¥179 million from the same quarter of the previous year, when the segment loss (operating loss) was ¥171 million.」

「In the home furnishings business, the company opened new directly operated stores and focused on and changed the format of unprofitable stores. Revenue was broadly in line with the previous year, but profitability improved through reductions in procurement costs and expenses, resulting in a return to profitability. Revenue was ¥1,855 million, a decrease of ¥39 million, or 2.1%, from the same quarter of the previous year, while segment profit (operating profit) was ¥14 million, an improvement of ¥140 million from the same quarter of the previous year, when the segment loss (operating loss) was ¥125 million.」

「In the home furnishings business, the company focused on profitable stores, resulting in lower revenue, but profit improved due in part to reductions in procurement costs and expenses. Revenue was ¥725 million, a decrease of ¥7 million, or 1.0%, from the same quarter of the previous year, while the segment loss (operating loss) was ¥60 million, compared with a segment loss (operating loss) of ¥140 million in the same quarter of the previous year.」

「In the home furnishings business at 市田株式会社, the company focused on more efficient stores and opened new stores, but this was insufficient to offset underperforming stores, resulting in lower revenue. However, profit improved through higher margins, expense reductions and other measures. As a result, revenue was ¥4,079 million, down ¥381 million, or 8.6%, from the previous consolidated fiscal year, while the segment loss (operating loss) was ¥33 million, an improvement of ¥210 million from the previous consolidated fiscal year, when the segment loss (operating loss) was ¥244 million.」

「In the home furnishings business at 市田株式会社, the company focused on more efficient stores and opened new stores, but this was insufficient to offset underperforming stores, resulting in lower revenue. However, profit improved through higher margins, expense reductions and other measures. Revenue was ¥2,802 million, a decrease of ¥259 million, or 8.5%, from the same quarter of the previous year, while the segment loss (operating loss) was ¥171 million, an improvement of ¥103 million from the same quarter of the previous year, when the segment loss (operating loss) was ¥275 million.」

「In the home furnishings business at 市田株式会社, the company focused on more efficient stores, but this was insufficient to offset underperforming stores, resulting in lower revenue. However, profit improved through higher margins, expense reductions and other measures. Revenue was ¥1,894 million, a decrease of ¥214 million, or 10.2%, from the same quarter of the previous year, while the segment loss (operating loss) was ¥125 million, an improvement of ¥54 million from the same quarter of the previous year, when the segment loss (operating loss) was ¥179 million.」

「In the home furnishings business at 市田株式会社, the company focused on more efficient stores, resulting in lower revenue, but profit improved due in part to the effect of expense reductions. Revenue was ¥732 million, a decrease of ¥59 million, or 7.5%, from the same quarter of the previous year, while the segment loss (operating loss) was ¥140 million, an improvement of ¥78 million from the same quarter of the previous year, when the segment loss (operating loss) was ¥219 million.」

「In the home furnishings business at 市田株式会社, the company focused on more efficient stores, but this was insufficient to offset underperforming stores. In addition, efforts to reduce aged inventory lowered the profit margin, resulting in lower revenue and profit.」

「In the home furnishings business at 市田株式会社, the company focused on more efficient stores, but this was insufficient to offset underperforming stores. In addition, efforts to reduce aged inventory contributed to lower revenue and profit. Revenue was ¥3,061 million, a decrease of ¥633 million, or 17.1%, from the same quarter of the previous year, while the segment loss (operating loss) was ¥275 million, a decline of ¥227 million from the same quarter of the previous year, when the segment loss (operating loss) was ¥48 million.」

「In the home furnishings business at 市田株式会社, the company focused on more efficient stores, but this was insufficient to offset underperforming stores. In addition, efforts to reduce aged inventory contributed to lower revenue and profit. Revenue was ¥2,109 million, a decrease of ¥406 million, or 16.2%, from the same quarter of the previous year, while the segment loss (operating loss) was ¥179 million, a decline of ¥186 million from the same quarter of the previous year, when segment profit (operating profit) was ¥6 million.」

「In the home furnishings business at 市田株式会社, the company focused on more efficient stores, but this was insufficient to offset underperforming stores. In addition, efforts to reduce aged inventory contributed to lower revenue and profit. Revenue was ¥792 million, a decrease of ¥215 million, or 21.4%, from the same quarter of the previous year, while the segment loss (operating loss) was ¥219 million, a decline of ¥114 million from the same quarter of the previous year, when the segment loss (operating loss) was ¥104 million.」

「In the home furnishings business at 市田株式会社, the company focused on more efficient stores, but this was insufficient to offset underperforming stores. Although the business remained profitable, revenue and profit declined.」

「In the home furnishings business at 市田株式会社, the company focused on more efficient stores, but this was insufficient to offset underperforming stores, resulting in lower revenue and profit and the recognition of a loss. Revenue was ¥3,694 million, a decrease of ¥252 million, or 6.4%, from the same quarter of the previous year, while the segment loss (operating loss) was ¥48 million, a decline of ¥115 million from the same quarter of the previous year, when segment profit (operating profit) was ¥67 million.」

「In the home furnishings business at 市田株式会社, the company focused on more efficient stores, but this was insufficient to offset underperforming stores, resulting in lower revenue and profit. Revenue was ¥2,516 million, a decrease of ¥81 million, or 3.1%, from the same quarter of the previous year, while segment profit (operating profit) was ¥6 million, down ¥16 million from the same quarter of the previous year, when segment profit (operating profit) was ¥22 million.」

「In the home furnishings business at 市田株式会社, revenue increased through the focus on more efficient stores, but expenses rose due to an increase in sales staff and other factors, resulting in an operating loss.」

「The home furnishings business will seek to establish a highly profitable operating structure by focusing on profitable stores and reducing procurement and logistics costs.」