Reduction of Carryover Inventory
First written in FY2016. 19 of 35 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-05.
The whole theme swung hardest in 2026: 7 of 56 companies on the "Worse" side.
40 other companies' latest entry also says "Advanced".
- 2026-08-05AdvancedEarnings
「Meanwhile, as a result of increasing inventories during the quarter, real estate held for sale, including properties under development, increased from the end of the previous consolidated fiscal year, and we will use this to expand sales from the second quarter onward.」
The company advanced preparations of properties held for sale, resulting in an increase in real estate held for sale, including properties under development, from the end of the previous consolidated fiscal year. This represents an increase in inventory for real estate sales, separate from the previously reported reduction of apparel inventory. - FY2026AdvancedAnnual report
「Operating cash flow increased by ¥737 million from the previous fiscal year, mainly due to a ¥55 million loss before income taxes, ¥244 million in depreciation, ¥50 million in amortisation of goodwill, a ¥596 million decrease in inventories including real estate held for sale, and an ¥8 million decrease in trade payables, among other factors.」
Inventories, including real estate held for sale, decreased by ¥596 million, and the reduction in inventory and other inventories contributed to a substantial improvement in operating cash flow. - 2026-05-13AdvancedEarnings
「A ¥618 million decrease in inventories, including real estate held for sale,」
Inventories, including real estate held for sale, decreased by ¥618 million, demonstrating a reduction in inventory and properties held for sale. - FY2025AdvancedAnnual report
「However, efforts to curb purchases of merchandise during the current fiscal year through aggressive sales of inventory resulted in a ¥12 million decrease in merchandise and finished goods.」
Aggressive sales of inventory and purchasing controls reduced merchandise and finished goods by ¥12 million, indicating measurable progress in inventory reduction. - FY2024WorsenedAnnual report
「The main components of the increase were a ¥411 million increase in cash and deposits and a ¥66 million increase in merchandise and finished goods.」
Although the company has set inventory reduction as a priority, merchandise and finished goods increased by ¥66 million from the end of the previous consolidated fiscal year. - FY2024-Q3WorsenedAnnual report
「The main factors behind the increase were a ¥423 million increase in cash and deposits and a ¥66 million increase in merchandise and finished goods.」
Although the company has set inventory reduction as a priority, merchandise and finished goods increased by ¥66 million from the end of the previous consolidated fiscal year, indicating that the inventory reduction issue has persisted and worsened. - FY2024-Q2WorsenedAnnual report
「The main factors were a ¥433 million increase in cash and deposits, a ¥59 million increase in merchandise and finished goods, and a ¥99 million decrease in property, plant and equipment due to depreciation.」
Although the company has set inventory reduction as a priority, merchandise and finished goods increased by ¥59 million from the end of the previous consolidated fiscal year. - FY2023AdvancedAnnual report
「Through inventory sell-through via closing sales at stores associated with the contraction of the apparel business, and the exclusion of Nakanishi Co., Ltd. from consolidation following the transfer of all shares held, accounts receivable decreased by ¥462 million and merchandise and finished goods by ¥1.003 billion.」
Store closing sales and the contraction of the business reduced merchandise and finished goods by ¥1.003 billion from the end of the previous fiscal year, indicating progress in inventory reduction. - FY2023-Q3AdvancedAnnual report
「Inventory sell-through progressed through closing sales associated with the contraction of the apparel business, and merchandise and finished goods decreased by ¥676 million.」
Closing sales associated with store closures reduced merchandise and finished goods by ¥676 million from the end of the previous consolidated fiscal year, indicating measurable progress in inventory sell-through. - FY2023-Q2AdvancedAnnual report
「Inventories decreased substantially by ¥389 million as a result of closing sales at stores associated with the contraction of the apparel business,」
Store closures and closing sales reduced inventories by ¥389 million, indicating measurable progress in inventory sell-through. - FY2023-Q1AdvancedAnnual report
「At the same time, the company launched a store-closing project and worked to maximise cash flow through thorough inventory sell-through using closing sales and e-commerce channels.」
The company launched a store-closing project involving the closure of 208 stores and carried out inventory sell-through through closing sales and e-commerce channels. Merchandise and finished goods decreased by ¥134 million from the end of the previous fiscal year. - FY2022AdvancedAnnual report
「The main increase was ¥99 million in cash and deposits. The main decreases were ¥57 million in accounts receivable and ¥125 million in merchandise and finished goods.」
Merchandise and finished goods decreased by ¥125 million from the end of the previous consolidated fiscal year, indicating measurable progress in reducing inventory. - FY2022-Q2AdvancedAnnual report
「The main factors were lower sales and efforts to control the increase in inventories by optimising the number of product styles following the consolidation and elimination of brands implemented in the previous year, as well as reviewing inventory levels at individual stores.」
The company controlled the increase in inventories by optimising the number of product styles and reviewing inventory levels by store, thereby reducing operating cash outflows. - FY2022-Q1AdvancedAnnual report
「The main decreases were ¥254 million in notes and accounts receivable and ¥104 million in merchandise and finished goods.」
Merchandise and finished goods decreased by ¥104 million from the end of the previous consolidated fiscal year, indicating measurable progress in reducing inventory. - FY2021AdvancedAnnual report
「In the fiscal year ended March 2021, because the end of the COVID-19 pandemic remained uncertain, the company curbed purchases from the autumn collection onward by more than 20% year on year, resulting in an improved sell-through rate and reduced inventory.」
The company curbed purchases from the autumn collection onward by more than 20% year on year and reduced merchandise and finished goods by ¥171 million from the end of the previous fiscal year. Inventory reduction measures progressed toward combining purchasing curbs with improvements in the sell-through rate. - FY2021-Q3AdvancedAnnual report
「With regard to inventory reduction and improving the sell-through rate, the company will seek to create a virtuous cycle of inventory reduction and improved sell-through by curbing production from the autumn collection onward and optimising inventory allocation, thereby improving profit margins and operating cash flow.」
The company explicitly identified curbing production from the autumn collection onward and optimising inventory allocation as measures, while merchandise and finished goods decreased by ¥108 million from the end of the previous consolidated fiscal year. - FY2021-Q2WorsenedAnnual report
「With regard to inventory reduction and improving the sell-through rate, the company will seek to create a virtuous cycle of inventory reduction and improved sell-through by curbing production from the autumn collection onward and optimising inventory allocation, thereby improving profit margins and operating cash flow.」
Although the company has set inventory reduction as a priority, merchandise and finished goods at the end of the second quarter increased by ¥71 million from the end of the previous consolidated fiscal year. - FY2021-Q1AdvancedAnnual report
「Total assets at the end of the first quarter decreased by ¥196 million from the end of the previous consolidated fiscal year to ¥2.609 billion. The main decreases were ¥40 million in cash and deposits, ¥131 million in notes and accounts receivable, and ¥87 million in merchandise and finished goods,」
Merchandise and finished goods decreased by ¥87 million from the end of the previous consolidated fiscal year, indicating measurable progress in reducing inventory. - FY2020RestatedAnnual report
「The main factors behind the decrease were a ¥573 million loss before income taxes and a ¥180 million increase in inventories,」
Although the company has set inventory reduction as a priority, the ¥180 million increase in inventories was identified as a factor reducing operating cash flow, indicating that the issue persists. - FY2020-Q3WorsenedAnnual report
「The main decreases were ¥123 million in cash and deposits, ¥44 million in notes and accounts receivable, and ¥60 million in property, plant and equipment. The main increase was ¥214 million in merchandise and finished goods.」
Although the company has set inventory reduction and purchasing controls as priorities, merchandise and finished goods at the end of the third quarter increased by ¥214 million from the end of the previous fiscal year. - FY2020-Q2WorsenedAnnual report
「The main factor was a ¥204 million increase in inventories from the previous year, equivalent to 136.8%.」
Although the company continues to promote sales of carried-over inventory and control purchasing, inventories increased by ¥204 million, or 136.8%, year on year. - FY2020-Q1AdvancedAnnual report
「The main decreases were ¥260 million in notes and accounts receivable and ¥102 million in merchandise and finished goods.」
Merchandise and finished goods at the end of the quarter decreased by ¥102 million from the end of the previous fiscal year, indicating measurable progress in reducing inventory. - FY2019AdvancedAnnual report
「Inventory adjustments for summer merchandise at Baby Plaza and BOBSON accelerated the disposal of carried-over inventory. However, merchandise and finished goods inventory decreased by only ¥130 million from the end of the same period of the previous fiscal year, partly because the autumn/winter selling season was difficult.」
Merchandise and finished goods inventory decreased by ¥130 million from the end of the same period of the previous fiscal year as a result of summer inventory adjustments and the disposal of carried-over inventory. However, the decline was limited partly because the autumn/winter selling season was difficult. - FY2019-Q3Inventory decreased from the previous quarterAnnual report
「Merchandise and finished goods increased by ¥171 million, other current assets by ¥49 million, and property, plant and equipment and other assets by ¥23 million due to the opening of directly operated stores and other factors. Although inventories tend to increase from the beginning of the year to the end of the third quarter due to seasonal factors, merchandise and finished goods decreased by ¥70 million from the end of the previous quarter.」
Merchandise and finished goods increased by ¥171 million from the beginning of the fiscal year but decreased by ¥70 million from the end of the previous quarter. Inventory reduction therefore involved both a seasonal increase and a quarter-on-quarter decrease. - FY2019-Q2WorsenedAnnual report
「Merchandise and finished goods increased by ¥148 million due to purchases for the autumn selling season.」
While the company continued its inventory reduction measures, merchandise and finished goods increased by ¥148 million from the end of the previous fiscal year due to purchases for the autumn selling season. - FY2019-Q1AdvancedAnnual report
「Merchandise and finished goods decreased by ¥139 million as a result of curbing purchases during the current fiscal year and progress in disposing of inventory.」
As a result of curbed purchases and the disposal of inventory, merchandise and finished goods decreased by ¥139 million from the end of the previous fiscal year. - FY2018AdvancedAnnual report
「Inventories decreased by ¥50 million as a result of stronger sales of carried-over inventory. Meanwhile, cash and deposits increased by ¥80 million and notes and accounts receivable by ¥49 million, which were the main factors.」
As a result of stronger sales of carried-over inventory, inventories at the end of the period decreased by ¥50 million from the end of the previous fiscal year. - FY2018-Q3WorsenedAnnual report
「Total assets increased by ¥401 million from the end of the previous fiscal year to ¥2.742 billion. This was mainly due to increases of ¥88 million in cash and deposits, ¥194 million in merchandise and finished goods, and ¥94 million in notes and accounts receivable.」
While the company targeted stronger sales of carried-over inventory and purchasing controls, merchandise and finished goods increased by ¥194 million from the end of the previous fiscal year, worsening the inventory reduction challenge. - FY2018-Q2WorsenedAnnual report
「Total assets increased by ¥216 million from the end of the previous fiscal year to ¥2.558 billion. This was mainly due to a ¥233 million increase in merchandise and finished goods and a ¥50 million decrease in notes and accounts receivable.」
While the company implemented measures to strengthen sales of carried-over inventory and improve product sell-through, merchandise and finished goods increased by ¥233 million from the end of the previous fiscal year, worsening the inventory reduction challenge. - FY2018-Q1AdvancedAnnual report
「During the quarter, we strengthened sales of carried-over inventory at each Baby Plaza and BOBSON store, while also working to increase sales and improve product sell-through by optimizing product launch timing and reviewing pricing.」
In addition to strengthening sales of carried-over inventory, the company reviewed product launch timing and pricing. Merchandise and finished goods at the end of the quarter decreased by ¥35 million from the end of the previous fiscal year. - FY2017WorsenedAnnual report
「Inventories increased substantially over the past 3 periods, and we recognize reducing them and converting them into cash as our top priority. During the current fiscal year, we strengthened sales of carried-over inventory at each Baby Plaza and BOBSON store. Going forward, we will continue working to reduce inventories and secure cash flow.」
While the company strengthened sales of carried-over inventory, inventories increased by ¥172 million from the end of the previous fiscal year, and inventory reduction remained the top priority. - FY2017-Q3RestatedAnnual report
「Since October 2016, we have strengthened sales of carried-over inventory at each Baby Plaza and BOBSON store, and will continue working to reduce inventories」
The company continues to strengthen sales of carried-over inventory. Meanwhile, merchandise and finished goods increased by ¥329 million from the end of the previous fiscal year. - FY2017-Q2RestatedAnnual report
「We will work to reduce inventories by strengthening sales of carried-over inventory and through other measures, and generate cash flow.」
The company continues its inventory reduction initiative by strengthening sales of carried-over inventory. Meanwhile, merchandise and finished goods increased by ¥250 million from the end of the previous fiscal year. - FY2017-Q1RestatedAnnual report
「We will work to reduce inventories by strengthening sales of carried-over inventory and through other measures, and generate cash flow.」
The company continues its inventory reduction initiative by strengthening sales of carried-over inventory. The company also stated that it would strengthen sales of carried-over products at BOBSON. - FY2016First statedAnnual report
「We worked to reduce inventories by strengthening sales of carried-over inventory and through other measures」
This is described as a measure to strengthen inventory sales and generate cash flow.