Declining Revenue and Earnings and Lower Profitability
First written in FY2016. 14 of 40 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-11-13.
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- FY2027-H1WorsenedAnnual report
「As a result, consolidated net sales were ¥6,379 million, down 9.0% year on year, consolidated operating profit was ¥281 million, down 64.5%, and consolidated ordinary profit was ¥391 million, down 51.1%. Interim net profit attributable to owners of the parent was ¥275 million, down 57.5%.」
From the revenue and profit increases recorded in the same period of the previous year, net sales, operating profit, ordinary profit and interim net profit attributable to owners of the parent all declined, resulting in lower revenue and profits. - 2026-08-06WorsenedResults
「その結果、連結売上高は39億75百万円（前年同四半期比2.9％減）、連結営業利益は４億75百万円（前年同四半期比33.9％減)、連結経常利益は５億60百万円（前年同四半期比20.7％減）、親会社株主に帰属する四半期純利益は４億80百万円（前年同四半期比18.1％減）となりました。」
前年同四半期比で売上高、営業利益、経常利益、親会社株主に帰属する四半期純利益がいずれも減少し、直近の収益改善傾向に対して第1四半期の業績が悪化した。 - FY2026Lower revenue, lower operating profit, and higher ordinary profitAnnual report
「As a result, consolidated net sales were ¥11,933 million, down 0.1% year on year, and consolidated operating profit was ¥612 million, down 12.8%. Consolidated ordinary profit increased 1.5% to ¥675 million, partly due to improved foreign exchange gains and losses. Net income for the year attributable to owners of the parent was ¥570 million, down 2.2% year on year, partly due to the impact of recording an extraordinary gain related to the logistics center consolidation in the previous consolidated fiscal year.」
Net sales, operating profit and net income for the year attributable to owners of the parent were below the previous year, while ordinary profit increased due to improved foreign exchange gains and losses. - FY2026-H1AdvancedAnnual report
「As a result, consolidated net sales were ¥7,011 million, up 5.1% year on year, consolidated operating profit was ¥791 million, up 20.3%, consolidated ordinary profit was ¥801 million, up 32.6%, and interim net income attributable to owners of the parent was ¥648 million, up 28.5%.」
Net sales, operating profit, ordinary profit and interim net income all increased year on year, and profitability continued to improve in the interim period. - FY2025AdvancedAnnual report
「As a result, consolidated net sales were ¥11,946 million, up 12.6% year on year, consolidated operating profit was ¥702 million, up 61.6%, consolidated ordinary profit was ¥665 million, up 36.1%, and net income for the year attributable to owners of the parent was ¥583 million, up 7.0%.」
Higher revenue, higher operating profit, higher ordinary profit and higher net income, with operating profit increasing to ¥700 million and net sales to ¥11,946 million. - FY2025-H1AdvancedAnnual report
「As a result, consolidated net sales were ¥6,672 million, up 15.5% year on year, consolidated operating profit was ¥658 million, up 49.3%, consolidated ordinary profit was ¥604 million, up 27.1%, and interim net income attributable to owners of the parent was ¥504 million, up 20.3%.」
Net sales, operating profit, ordinary profit and interim net income all increased year on year, and profitability continues to improve. - FY2024AdvancedAnnual report
「As a result, consolidated net sales were ¥10,610 million, up 10.7% year on year, consolidated operating profit was ¥434 million, up 281.3%, and consolidated ordinary profit was ¥488 million, up 177.1%.」
Net sales increased 10.7%, and operating profit, ordinary profit and net income for the year attributable to owners of the parent were all substantially above the previous year. Operating profit was ¥434 million, ordinary profit was ¥488 million and net income for the year was ¥545 million, indicating full-year improvement in profitability. - FY2024-Q3AdvancedAnnual report
「As a result, consolidated net sales were ¥8,306 million, up 14.7% from the same quarter of the previous year, consolidated operating profit was ¥530 million, up 366.8% year on year, and consolidated ordinary profit was ¥539 million, up 214.9%. Inventory, including products and raw materials, also decreased by ¥511 million year on year.」
Net sales increased 14.7%, and operating and ordinary profit were both substantially above the same quarter of the previous year. Profitability has improved from the period of continued lower revenue, lower profits and losses, while inventory also decreased by ¥511 million year on year. - FY2024-Q2AdvancedAnnual report
「As a result, consolidated net sales were ¥5,778 million, up 13.0% from the same quarter of the previous year, consolidated operating profit was ¥440 million, up 438.9% year on year, consolidated ordinary profit was ¥475 million, up 183.0%, and quarterly net income attributable to owners of the parent was ¥419 million, up 183.7%. Inventory, including products and raw materials, also decreased by ¥447 million year on year.」
In addition to higher revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent were substantially above the same quarter of the previous year. Profitability improved while inventories declined. - FY2024-Q1AdvancedAnnual report
「As a result, consolidated net sales were ¥3,244 million, up 13.8% from the same quarter of the previous year, consolidated operating profit was ¥434 million, up 116.0% year on year, consolidated ordinary profit was ¥438 million, up 82.8%, and quarterly net income attributable to owners of the parent was ¥392 million, up 90.5%.」
Net sales increased year on year, and operating profit, ordinary profit and quarterly net income attributable to owners of the parent all increased substantially. Profitability continues to improve. - FY2023-Q3AdvancedAnnual report
「As a result, consolidated net sales were ¥7,241 million, up 32.8% from the same quarter of the previous year, consolidated operating profit was ¥113 million, compared with an operating loss of ¥544 million in the same quarter of the previous year, and consolidated ordinary profit was ¥171 million, compared with an ordinary loss of ¥447 million. Quarterly net income attributable to owners of the parent was ¥152 million, compared with a quarterly net loss attributable to owners of the parent of ¥368 million in the previous year.」
Net sales increased 32.8%, and operating profit, ordinary profit and quarterly net income attributable to owners of the parent all turned from losses in the same quarter of the previous year into profits. The deterioration in profitability eased further, and the Company recorded operating profit for the first time in 4 quarters. - FY2023-Q2AdvancedAnnual report
「As a result, consolidated net sales were ¥5,115 million, up 27.0% from the same quarter of the previous year, consolidated operating profit was ¥81 million, compared with an operating loss of ¥85 million in the same quarter of the previous year, and consolidated ordinary profit was ¥167 million, compared with an ordinary loss of ¥15 million. Quarterly net income attributable to owners of the parent was ¥147 million, up 113.0% year on year.」
Net sales increased 27.0%, while operating and ordinary profit turned from losses in the same quarter of the previous year into profits. Quarterly net income attributable to owners of the parent also increased 113.0%, and the Company recorded operating profit for the first time in 3 fiscal years. - FY2023-Q1Higher Revenue, Lower ProfitAnnual report
「As a result, consolidated net sales were ¥2,852 million, up 9.0% from the same quarter of the previous year, consolidated operating profit was ¥201 million, down 16.3% year on year, consolidated ordinary profit was ¥240 million, down 10.3%, and quarterly net income attributable to owners of the parent was ¥205 million, down 23.6%.」
While net sales exceeded the same quarter of the previous year, operating profit, ordinary profit and quarterly net income attributable to owners of the parent declined, resulting in higher revenue but lower profits. - FY2022AdvancedAnnual report
「As a result, net sales for the consolidated fiscal year were ¥7,455 million, up 4.0% year on year, the operating loss was ¥556 million, compared with an operating loss of ¥717 million in the previous year, and the ordinary loss was ¥449 million, compared with an ordinary loss of ¥607 million. In addition, partly due to the recording of a ¥102 million gain on the sale of investment securities as an extraordinary gain, the net loss for the year attributable to owners of the parent was ¥379 million, compared with a net loss for the year attributable to owners of the parent of ¥1,858 million in the previous year.」
Net sales increased 4.0%, and the operating loss, ordinary loss and net loss for the year attributable to owners of the parent all narrowed from the previous year. However, operating losses and other losses continue, and the recovery in profitability has not yet resulted in a return to profit. - FY2022-Q3AdvancedAnnual report
「As a result, consolidated net sales were ¥5,453 million, up 9.3% from the same quarter of the previous year. In terms of earnings, partly due to the impact of recording ¥115 million in losses and expenses related to Tokyo 2020 Olympic and Paralympic Games licensed products at the end of the third quarter, the consolidated operating loss was ¥544 million, compared with an operating loss of ¥963 million in the same quarter of the previous year, and the consolidated ordinary loss was ¥447 million, compared with an ordinary loss of ¥844 million. The Company recorded a gain on the sale of investment securities of ¥102 million as an extraordinary gain, resulting in a quarterly net loss attributable to owners of the parent of ¥368 million, compared with a quarterly net loss attributable to owners of the parent of ¥2,152 million in the same quarter of the previous year.」
Net sales increased 9.3% year on year, and the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed. However, the Company recorded ¥115 million in losses and expenses related to Tokyo 2020 Games licensed products. - FY2022-Q2AdvancedAnnual report
「As a result, consolidated net sales were ¥4,027 million, up 10.4% from the same quarter of the previous year. In terms of earnings, the consolidated operating loss was ¥85 million, compared with an operating loss of ¥547 million in the same quarter of the previous year, and the consolidated ordinary loss was ¥15 million, compared with an ordinary loss of ¥466 million. The Company recorded a gain on the sale of investment securities of ¥102 million as an extraordinary gain, resulting in quarterly net income attributable to owners of the parent of ¥69 million, compared with a quarterly net loss attributable to owners of the parent of ¥601 million in the same quarter of the previous year.」
Net sales increased 10.4% year on year, operating and ordinary losses narrowed substantially, and quarterly net income attributable to owners of the parent turned from a loss in the previous year into profit of ¥69 million. The calculation method differs from that used in the previous year due to the application of the revenue recognition accounting standard. - FY2022-Q1AdvancedAnnual report
「As a result, consolidated net sales were ¥2,616 million, up 41.5% from the same quarter of the previous year. In terms of earnings, consolidated operating profit was ¥240 million, compared with an operating loss of ¥310 million in the same quarter of the previous year, and consolidated ordinary profit was ¥267 million, compared with an ordinary loss of ¥292 million. Quarterly net income attributable to owners of the parent was ¥269 million, compared with a quarterly net loss attributable to owners of the parent of ¥308 million in the same quarter of the previous year.」
Operating, ordinary and net losses in the same quarter of the previous year all turned into profits in the current quarter, while net sales increased 41.5%. The application of the revenue recognition accounting standard and other standards increased net sales by ¥352 million and each level of profit by ¥330 million. - FY2021WorsenedAnnual report
「As a result, consolidated net sales were ¥7,170 million, down 24.5% year on year. In terms of earnings, the consolidated operating loss was ¥717 million, compared with an operating loss of ¥1,457 million in the previous year, and the consolidated ordinary loss was ¥607 million, compared with an ordinary loss of ¥1,319 million. The Company also recorded ¥1,252 million in extraordinary losses, including business structure improvement expenses related to the structural reforms described above and impairment losses resulting from the application of impairment accounting to fixed assets. In addition, the Company reversed deferred tax assets and recorded ¥90 million in income taxes—deferred, resulting in a net loss for the year attributable to owners of the parent of ¥1,858 million, compared with a net loss for the year attributable to owners of the parent of ¥1,425 million in the previous year.」
Net sales decreased 24.5% year on year, and the net loss for the year attributable to owners of the parent widened to ¥1,858 million. Although the operating and ordinary losses narrowed from the previous year, the final loss worsened due to structural reform expenses, impairment losses and other factors. - FY2021-Q3WorsenedAnnual report
「As a result, net sales were ¥4,990 million, down 37.3% from the same quarter of the previous year. In terms of earnings, the operating loss was ¥963 million, compared with an operating loss of ¥1,131 million in the same quarter of the previous year, and the ordinary loss was ¥844 million, compared with an ordinary loss of ¥1,029 million. In addition, the Company reversed deferred tax assets and recorded ¥93 million in income taxes—deferred, resulting in a quarterly net loss attributable to owners of the parent of ¥2,152 million, compared with a quarterly net loss attributable to owners of the parent of ¥979 million in the same quarter of the previous year.」
Net sales decreased 37.3%, and although the operating and ordinary losses narrowed from the same quarter of the previous year, the quarterly net loss attributable to owners of the parent widened to ¥2,152 million due to an impairment loss of ¥1,009 million and business structure improvement expenses. - FY2021-Q2RestatedAnnual report
「As a result, net sales were ¥3,647 million, down 41.0% from the same quarter of the previous year. In terms of earnings, the operating loss was ¥547 million, compared with operating profit of ¥111 million in the same quarter of the previous year, and the ordinary loss was ¥466 million, compared with ordinary profit of ¥152 million. In addition, the Company reversed deferred tax assets and recorded ¥92 million in income taxes—deferred, resulting in a quarterly net loss attributable to owners of the parent of ¥601 million, compared with quarterly net income attributable to owners of the parent of ¥84 million in the same quarter of the previous year.」
Lower revenue and operating, ordinary and quarterly net losses attributable to owners of the parent have continued, reaffirming the sustained decline in profitability. - FY2021-Q1WorsenedAnnual report
「Net sales were ¥1,849 million, down 51.5% from the same quarter of the previous year. In terms of earnings, the operating loss was ¥310 million, compared with operating profit of ¥298 million in the same quarter of the previous year, and the ordinary loss was ¥292 million, compared with ordinary profit of ¥307 million. Quarterly net loss attributable to owners of the parent was ¥308 million, compared with operating profit of ¥200 million in the same quarter of the previous year.」
Due to the impact of COVID-19, net sales decreased 51.5% from the same quarter of the previous year, and operating profit, ordinary profit and quarterly net income attributable to owners of the parent all turned into losses. - FY2020WorsenedAnnual report
「As a result, consolidated net sales were ¥9,503 million, down 18.2% year on year. In terms of earnings, the Company recorded an inventory valuation loss of ¥963 million, resulting in a consolidated operating loss of ¥1,457 million, compared with operating profit of ¥190 million in the previous year, and a consolidated ordinary loss of ¥1,319 million, compared with ordinary profit of ¥249 million. Net loss for the year attributable to owners of the parent was ¥1,425 million, compared with net income for the year attributable to owners of the parent of ¥132 million in the previous year.」
Net sales decreased 18.2%, and operating profit, ordinary profit and net income for the year attributable to owners of the parent all turned into losses. An inventory valuation loss of ¥963 million was also recorded, and the deterioration in full-year earnings has expanded from FY2020-Q3. - FY2020-Q3WorsenedAnnual report
「As a result, net sales were ¥7,956 million, down 9.5% from the same quarter of the previous year. In terms of earnings, the Company recorded an inventory valuation loss of ¥830 million, resulting in an operating loss of ¥1,131 million, compared with operating profit of ¥99 million in the same quarter of the previous year, and an ordinary loss of ¥1,029 million, compared with ordinary profit of ¥147 million. Quarterly net loss attributable to owners of the parent was ¥979 million, compared with net income attributable to owners of the parent of ¥56 million in the same quarter of the previous year.」
The decline in net sales widened, and operating profit, ordinary profit and quarterly net income attributable to owners of the parent all turned into losses. An inventory valuation loss of ¥830 million on slow-moving inventory was also recorded as a factor behind the deterioration in earnings. - FY2020-Q2WorsenedAnnual report
「However, net sales were ¥6,182 million, down 4.1% from the same quarter of the previous year, due to the impact of department store closures in recent years and sluggish sales of midsummer merchandise in stores following the delayed end of the rainy season, accompanied by insufficient sunshine in July. In terms of earnings, operating profit was ¥111 million, down 55.2% year on year, and ordinary profit was ¥152 million, down 42.2%. Quarterly net income attributable to owners of the parent was ¥84 million, down 44.4% year on year.」
In addition to lower revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent were substantially below the same quarter of the previous year, and the deterioration in profitability has widened again. - FY2020-Q1SoftenedAnnual report
「However, partly due to department store closures and the effects of adverse weather, net sales were ¥3,811 million, down 2.0% from the same quarter of the previous year. In terms of earnings, operating profit was ¥298 million, down 5.6% year on year, and ordinary profit was ¥307 million, down 0.6%. Quarterly net income attributable to owners of the parent was ¥200 million, up 2.1% year on year.」
Although lower revenue, lower operating profit and lower ordinary profit have continued, the year-on-year declines narrowed, and quarterly net income attributable to owners of the parent increased 2.1%. Compared with the sharp decline in profits through the previous quarter, the description of declining profitability has become relatively less severe. - FY2019-Q3WorsenedAnnual report
「As a result, net sales were ¥8,791 million, down 4.2% from the same quarter of the previous year. In terms of earnings, operating profit was ¥99 million, down 64.9% year on year, and ordinary profit was ¥147 million, down 57.1%. Quarterly net income attributable to owners of the parent was ¥56 million, down 69.3% year on year.」
The decline in net sales widened year on year, while operating profit, ordinary profit and quarterly net income attributable to owners of the parent all decreased substantially. - FY2019-Q2RestatedAnnual report
「As a result, net sales were ¥6,445 million, down 1.1% from the same quarter of the previous year. In terms of earnings, operating profit was ¥250 million, down 13.9% year on year, and ordinary profit was ¥264 million, down 18.3%. Quarterly net income attributable to owners of the parent was ¥152 million, down 19.5% year on year.」
In addition to lower revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent were below the same quarter of the previous year, and lower revenue and lower profits continue. - FY2019-Q1WorsenedAnnual report
「Against this backdrop, the Group's net sales for the cumulative consolidated period were ¥3,887 million, down 1.6% from the same quarter of the previous year. In terms of earnings, gross profit decreased by ¥120 million year on year to ¥1,549 million, down 7.2%, due mainly to lower net sales and the inability to fully absorb increases in manufacturing costs, including raw materials. Selling, general and administrative expenses increased by ¥13 million year on year, partly due to higher depreciation expenses related to capital investment for updating the sales system, and operating profit was ¥316 million, down 29.7% year on year. Ordinary profit was ¥309 million, down 31.7% year on year, due partly to the recording of ¥11 million in foreign exchange losses. Quarterly net income attributable to owners of the parent was ¥196 million, down 34.2% year on year.」
In addition to lower revenue, gross profit, operating profit, ordinary profit and quarterly net income attributable to owners of the parent were all substantially below the same quarter of the previous year, making the decline in profitability increasingly evident. - FY2018RestatedAnnual report
「The Group's net sales for the consolidated fiscal year were ¥12,353 million, down 1.1% year on year.」
Net sales decreased 1.1%, gross profit decreased 2.1%, operating profit decreased 9.3%, and net income for the year attributable to owners of the parent decreased 11.7%, with lower revenue, lower operating profit and lower net income continuing. Meanwhile, ordinary profit increased 4.5% due to foreign exchange gains and higher rental income. - FY2018-Q3RestatedAnnual report
「Against this backdrop, the Group's net sales for the cumulative consolidated period were ¥9,175 million, down 1.5% from the same quarter of the previous year. In terms of earnings, gross profit decreased by ¥102 million year on year to ¥3,806 million, down 2.6%, due mainly to lower net sales and the yen's weaker trend against the previous year. Selling, general and administrative expenses decreased by ¥49 million year on year, partly due to lower sales promotion expenses, and operating profit was ¥283 million, down 15.7% year on year.」
Lower revenue, lower gross profit and lower operating profit have continued. Meanwhile, ordinary profit increased 28.0% and quarterly net income attributable to owners of the parent increased 2.5%, due to foreign exchange gains and higher rental income from the head office building, showing divergent trends among the profit items. - FY2018-Q2RestatedAnnual report
「Against this backdrop, the Group's net sales for the cumulative consolidated period were ¥6,520 million, down 1.7% from the same quarter of the previous year. In terms of earnings, gross profit decreased by ¥99 million year on year to ¥2,665 million, down 3.6%, due mainly to lower net sales and the yen's weaker trend against the previous year. Selling, general and administrative expenses decreased by ¥32 million year on year, partly due to lower sales promotion expenses, and operating profit was ¥290 million, down 18.7% year on year.」
Net sales, gross profit and operating profit were below the same quarter of the previous year, and the trend of lower revenue, lower operating profit and declining profitability continues. Meanwhile, ordinary profit increased 26.7% and quarterly net income attributable to owners of the parent increased 3.9%. - FY2018-Q1RestatedAnnual report
「Against this backdrop, the Group's net sales for the cumulative consolidated period were ¥3,950 million, down 3.9% from the same quarter of the previous year. Selling, general and administrative expenses decreased by ¥20 million year on year, partly due to lower sales promotion and logistics-related expenses, and operating profit was ¥449 million, down 11.8% year on year. Quarterly net income attributable to owners of the parent was ¥298 million, down 11.5% year on year.」
Net sales, operating profit and quarterly net income attributable to owners of the parent were below the same quarter of the previous year. Meanwhile, ordinary profit increased 1.0% year on year, with lower revenue and operating profit coexisting with an improvement in ordinary profit. - FY2017-Q3RestatedAnnual report
「Against this backdrop, the Group's net sales for the cumulative consolidated period were ¥9,317 million, down 2.9% from the same quarter of the previous year.」
While net sales were below the same quarter of the previous year, the gross profit margin rose by 3.5 percentage points, operating profit increased 187.9%, ordinary profit increased 4.2%, and quarterly net income attributable to owners of the parent increased 36.9%. Lower revenue and improved profits continue to coexist. - FY2017-Q2RestatedAnnual report
「Against this backdrop, the Group's net sales for the cumulative consolidated period were ¥6,632 million, down 5.0% from the same quarter of the previous year. Ordinary profit was ¥255 million, down 37.1% year on year, as the Company recorded ¥98 million in foreign exchange losses under non-operating expenses. Net income for the quarter attributable to owners of the parent was ¥182 million, down 25.2% year on year.」
Net sales, ordinary profit and quarterly net income attributable to owners of the parent were below the same quarter of the previous year. Meanwhile, the gross profit margin rose by 3.1 percentage points and operating profit increased 27.4%, with lower revenue and ordinary profit coexisting with improvements in the gross profit margin and operating profit. - FY2017-Q1RestatedAnnual report
「Against this backdrop, the Group's net sales for the cumulative consolidated period were ¥4,111 million, down 4.4% from the same quarter of the previous year. Ordinary profit was ¥448 million, down 23.6% year on year, as the Company recorded ¥55 million in foreign exchange losses under non-operating expenses. Net income for the quarter attributable to owners of the parent was ¥337 million, down 11.2% year on year.」
Quarterly net sales, ordinary profit and quarterly net income attributable to owners of the parent were below the same quarter of the previous year. Meanwhile, operating profit increased 3.9% and the gross profit margin rose by 2.5 percentage points, with improvement and deterioration occurring simultaneously in profit trends. - FY2016First statedAnnual report
「Against this backdrop, the Group's net sales for the consolidated fiscal year were ¥12,529 million, down 1.7% year on year.」
Net sales, operating profit, ordinary profit and net income attributable to owners of the parent were below the previous year, while the gross profit margin also declined by 1.6 percentage points.