Mitigating the impact of the pandemic by curbing new procurement and implementing temporary furloughs

「Although purchase prices rose as raw material costs continued to increase and the yen depreciated, improved gross profit margin resulting from the promotion of full-price sales and other measures proved effective. In terms of profit and loss, the company absorbed increases in selling-related expenses and personnel costs associated with human capital investment accompanying higher sales, and results exceeded those in the previous fiscal year.」

「Under the management policy of the First Medium-Term Management Plan, whose final year is the current fiscal year, the Company continued to expand sales channels for specialty stores and other growth areas and strengthen the e-commerce business and retail businesses such as “+moonbat,” the directly operated store business. As a result of efforts to reduce inventories by continuously curbing procurement of new products and to optimize selling, general and administrative expenses and other costs through structural reforms, the increase in selling-related expenses accompanying higher sales was absorbed at the earnings level, and performance substantially exceeded the plan. Inventories, including merchandise and raw materials, also decreased by ¥511 million year on year.」

「Based on the management policies of the First Medium-Term Management Plan, whose final year is the current fiscal year, we continued to expand sales channels for specialty stores and mass retailers, which are growth areas, and strengthen our retail businesses, including the e-commerce business and the company-operated retail business "+moonbat" (Plus Moonbat). As a result of efforts to reduce inventory by continuously restraining purchases of new products and to optimize selling, general and administrative expenses through structural reform, earnings substantially exceeded the plan after absorbing the increase in sales-related expenses accompanying higher sales. Inventory, including merchandise and raw materials, also decreased by ¥511 million year on year.」

「As a result of efforts to reduce inventories by continuously curbing procurement of new products and to optimize selling, general and administrative expenses and other costs through structural reforms, the increase in selling-related expenses accompanying higher sales was absorbed at the earnings level, and performance substantially exceeded the plan. Inventories, including merchandise and raw materials, also decreased by ¥447 million year on year.」

「Under the management policy based on the First Medium-Term Management Plan, whose final year is the current fiscal year, the company continued to expand sales channels in growth areas such as specialty stores and mass-market retailers, and strengthen retail businesses including the e-commerce business and the directly operated retail business '+moonbat' (Plus Moonbat). As a result of also working to reduce inventories by curbing purchases of new products on an ongoing basis and cutting selling, general and administrative expenses and other costs through structural reform, inventories including products and raw materials fell by ¥574 million year on year, while profit and loss substantially exceeded plan after absorbing the increase in sales-related expenses accompanying higher sales.」

「Under the management policy of the First Medium-Term Management Plan formulated in the previous consolidated fiscal year, the Company continued to expand sales channels for specialty stores and mass retailers, which are growth areas, and strengthen the e-commerce business and retail businesses such as “+moonbat,” the directly operated store business. As a result of efforts to reduce inventories by continuously curbing procurement of new products and to reduce selling, general and administrative expenses and other costs through structural reforms, inventories, including merchandise and raw materials, decreased by ¥421 million from the end of the previous consolidated fiscal year,」

「As a result of efforts to reduce inventories by continuously curbing procurement of new products and to reduce selling, general and administrative expenses and other costs through structural reforms, inventories, including merchandise and raw materials, decreased by ¥359 million from the end of the previous consolidated fiscal year,」

「We are working to establish a stable earnings structure by curbing purchases of new products on an ongoing basis to reduce inventories, and by reviewing and reducing selling, general and administrative expenses and other costs through structural reform.」

「The company sought to mitigate the impact of the spread of COVID-19 by curbing purchases of new products and fundamentally reviewing and reducing selling, general and administrative expenses and other costs through structural reforms advanced since the previous fiscal year.」

「The company sought to mitigate the impact of the spread of COVID-19 by curbing purchases of new products and fundamentally reviewing and reducing selling, general and administrative expenses and other costs through structural reforms advanced since the previous fiscal year.」

「The company sought to mitigate the impact of the spread of COVID-19 by curbing purchases of new products and fundamentally reviewing and reducing selling, general and administrative expenses and other costs through structural reforms advanced since the previous fiscal year.」

「Against this backdrop, the Group sought to mitigate the impact of the spread of COVID-19 by curbing procurement of new products and reducing expenses, including personnel expenses, selling, general and administrative expenses and other costs through temporary furloughs.」