Risk of continued unprofitability in the kimono business and delays in transitioning to non-event business
First written in FY2020. 9 of 18 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「In the kimono business of ツカモト市田株式会社, revenue declined as the company proceeded with its withdrawal from unprofitable events, but earnings improved as profitability improved. Accordingly, revenue in this business was ¥970 million, down 4.2% from the previous fiscal year, and the segment loss (operating loss) was ¥87 million, compared with a segment loss of ¥102 million in the previous consolidated fiscal year.」
The operating loss narrowed from ¥102 million to ¥87 million due to withdrawal from unprofitable events and improved profitability, reducing the risk to some extent. However, the business continued to operate at a loss. - FY2026-H1WorsenedAnnual report
「In the kimono business of ツカモト市田株式会社, orders for processing and direct sales remained solid, but were insufficient to offset the decline in event sales, resulting in lower revenue. Accordingly, revenue in this business was ¥417 million, down 10.2% year on year, and the segment loss (operating loss) was ¥94 million, compared with a segment loss of ¥84 million in the same period of the previous year.」
Although processing orders and direct sales outside events remained solid, they were insufficient to offset the decline in event sales, and the operating loss in the kimono business increased from ¥84 million to ¥94 million. The risks of continued unprofitability and delays in shifting to non-event-based business have not been eliminated. - FY2025WorsenedAnnual report
「In the kimono business of ツカモト市田株式会社, processing revenue and physical sales of kimono-related products remained strong, but event sales fell below the previous year, resulting in performance broadly in line with the previous consolidated fiscal year. Accordingly, revenue in this business was ¥1,012 million, up 0.6% from the previous fiscal year, and the segment loss (operating loss) was ¥102 million, compared with a segment loss of ¥94 million in the previous consolidated fiscal year.」
Although processing and direct sales outside events performed well, the kimono business continued to operate at a loss, and its operating loss increased from ¥94 million to ¥102 million. - FY2025-H1MitigatedAnnual report
「In the kimono business of ツカモト市田株式会社, revenue and earnings improved as the events business performed in line with the previous year and sales of kimono-related products through physical sales channels remained strong. Accordingly, revenue in this business was ¥465 million, up 6.1% year on year, and the segment loss (operating loss) was ¥84 million, compared with a segment loss of ¥106 million in the same period of the previous year.」
The operating loss in the kimono business narrowed from ¥106 million in the same period of the previous year to ¥84 million, reducing the risk to some extent, but the business continued to operate at a loss. - FY2024Continued losses; loss narrowedAnnual report
「In the kimono business of ツカモト市田株式会社, revenue declined partly because the company proceeded with its withdrawal from unprofitable events, but earnings improved as events hosted by the company performed well. Accordingly, revenue in this business was ¥980 million, down 18.4% from the previous fiscal year, and the segment loss (operating loss) was ¥100 million, compared with a segment loss of ¥112 million in the previous consolidated fiscal year.」
The operating loss narrowed from ¥112 million to ¥100 million due to withdrawal from unprofitable events and strong performance at events hosted by the company, but the kimono business continued to operate at a loss, and the risks of continued unprofitability and delays in shifting to non-event-based business have not been eliminated. - FY2024-Q3WorsenedAnnual report
「In the kimono business of ツカモト市田株式会社, revenue declined due in part to the withdrawal from events with high cost structures. Accordingly, revenue in this business was ¥669 million, down 22.2% year on year, and the segment loss (operating loss) was ¥139 million, compared with a segment loss of ¥132 million in the same period of the previous year.」
The kimono business continued to operate at a loss even after withdrawing from high-cost events, and the operating loss increased from ¥132 million to ¥139 million year on year. The risk of continued unprofitability has not been eliminated. - FY2024-Q2WorsenedAnnual report
「In the kimono business of ツカモト市田株式会社, revenue declined due in part to the withdrawal from events with high cost structures. Accordingly, revenue in this business was ¥430 million, down 26.9% year on year, and the segment loss (operating loss) was ¥105 million, compared with a segment loss of ¥102 million in the same period of the previous year.」
The kimono business continued to operate at a loss even after withdrawing from high-cost events, and the operating loss increased by ¥3 million year on year. The risk of continued unprofitability has not been eliminated. - FY2024-Q1Continued losses; loss narrowedAnnual report
「In the kimono business of ツカモト市田株式会社, revenue declined as the company proceeded with its withdrawal from unprofitable events, but earnings improved due in part to a higher profit margin and lower expenses. Accordingly, revenue in this business was ¥192 million, down 32.9% year on year, and the segment loss (operating loss) was ¥65 million, compared with a segment loss of ¥74 million in the same period of the previous year.」
The operating loss narrowed through withdrawal from unprofitable events, improved margins and expense reductions, but a loss of ¥65 million remained, and the risks of continued unprofitability and delays in shifting to non-event-based business have not been eliminated. - FY2023MaterialisedAnnual report
「The scale of the Group's kimono business has contracted along with the shrinking kimono industry, and it has continued to report losses. Although we are working to restore profitability by implementing efficient management through cost reductions and improving productivity through effective use of management resources, delays in withdrawing from unprofitable events or shifting to non-event-based business could have a significant impact on the Group's operating results and financial position.」
The operating loss in the kimono business narrowed from ¥192 million to ¥112 million, but the business continued to report a loss, and the risks of continued unprofitability and delays in shifting to non-event-based business have not been eliminated. - FY2023-Q3MaterialisedAnnual report
「In the kimono business of ツカモト市田株式会社, revenue increased as efforts progressed to balance measures to prevent the spread of COVID-19 with economic activity, but declined due to the withdrawal from unprofitable events. As a result, revenue declined overall, but earnings improved. Accordingly, revenue in this business was ¥860 million, down 2.2% year on year, and the segment loss (operating loss) was ¥132 million, compared with a segment loss of ¥199 million in the same period of the previous year.」
Although losses in the kimono business narrowed, an operating loss of ¥132 million remained, and the risks of continued unprofitability and delays in shifting to non-event-based business have not been eliminated. - FY2023-Q2MaterialisedAnnual report
「In the kimono business, the number of events increased from the previous fiscal year as efforts to balance COVID-19 infection control measures with economic activity progressed, resulting in higher revenue and improved profit or loss. As a result, revenue in this business was ¥588 million (up 3.3% year on year), and the segment loss (operating loss) was ¥102 million (segment loss of ¥127 million in the same period of the previous year).」
Although losses in the kimono business narrowed, an operating loss of ¥102 million remained, and the risk of continued unprofitability has not been eliminated. - FY2022MaterialisedAnnual report
「In the kimono business, revenue declined due to the adoption of the revenue recognition accounting standard and other standards, but profit or loss improved as a result of improved margins and expense reductions. As a result, revenue in this business was ¥1,283 million (¥1,866 million in the previous consolidated fiscal year), and the segment loss (operating loss) was ¥192 million (segment loss of ¥277 million in the previous consolidated fiscal year).」
The operating loss in the kimono business narrowed from ¥277 million to ¥192 million, but the business continued to report a loss, and the risk of continued unprofitability has not been eliminated. - FY2022-Q3MaterialisedAnnual report
「In the kimono business, the application of the revenue recognition accounting standard and other standards caused a significant decline in revenue, but earnings improved partly due to better profit margins and expense reductions. As a result, revenue in this business area was ¥879 million, compared with ¥1,263 million in the same period of the previous year, while the segment loss (operating loss) was ¥199 million, compared with a segment loss of ¥263 million in the same period of the previous year.」
Although losses narrowed through improved margins and expense reductions, the kimono business still recorded an operating loss of ¥199 million, and the risk of continued unprofitability has not been eliminated. - FY2022-Q2MaterialisedAnnual report
「In the kimono business, the application of the revenue recognition accounting standard and other standards caused a significant decline in revenue, but earnings improved partly due to the increase in the number of events and the effect of expense reductions. As a result, revenue in this business area was ¥569 million, compared with ¥737 million in the same period of the previous year, while the segment loss (operating loss) was ¥127 million, compared with a segment loss of ¥215 million in the same period of the previous year.」
Although losses in the kimono business narrowed, an operating loss of ¥127 million remained, and the risk of continued unprofitability has not been eliminated. - FY2022-Q1MaterialisedAnnual report
「In the kimono business, although results were affected by requests to refrain from going out following the declaration of a state of emergency and reduced operating hours at some facilities, the impact was less severe than in the previous fiscal year, and the increase in the number of events led to higher revenue. As a result, revenue in this business area was ¥246 million, compared with ¥224 million in the same period of the previous year, while the segment loss (operating loss) was ¥85 million, compared with a segment loss of ¥135 million in the same period of the previous year.」
Although performance improved as the number of events increased, the kimono business still recorded an operating loss of ¥85 million, and the risk of continued unprofitability has not been eliminated. - FY2021-Q3MaterialisedAnnual report
「In the kimono business of ツカモト市田株式会社, the declaration of a state of emergency in April in response to the spread of COVID-19 resulted in many planned events being cancelled or postponed, causing a significant decline in revenue. As a result, revenue in this business area was ¥1,263 million, down 37.9% year on year, and the segment loss (operating loss) was ¥263 million, compared with a segment loss of ¥114 million in the same period of the previous year.」
The risks relating to delays in shifting to non-event-based business and continued unprofitability actually materialized as a sharp decline in revenue due to event cancellations and postponements and an operating loss of ¥263 million. - FY2021-Q2MaterialisedAnnual report
「In the kimono business of ツカモト市田株式会社, following the declaration of a state of emergency in response to the spread of COVID-19, many planned events were cancelled or postponed, resulting in a significant decline in revenue. As a result, revenue in this business area was ¥737 million, down 48.3% year on year, and the segment loss (operating loss) was ¥215 million, compared with a segment loss of ¥49 million in the same period of the previous year.」
In addition to the risks of a shrinking kimono industry and continued unprofitability, a sharp decline in revenue due to event cancellations and postponements and an operating loss of ¥215 million actually occurred. - FY2020First statedAnnual report
「The scale of the Group's kimono business has contracted along with the shrinking kimono industry, and it has continued to report losses. Although we are working to restore profitability by implementing efficient management through cost reductions and improving productivity through effective use of management resources, delays in withdrawing from unprofitable events or shifting to non-event-based business could have a significant impact on the Group's operating results and financial position.」
Against the backdrop of the shrinking kimono industry and continued losses, the company identified delays in withdrawing from unprofitable events and shifting to non-event-based business as separate risks for the first time.