Improving asset efficiency through divisional management, inventory reduction and disposal of idle assets
First written in FY2018. 11 of 26 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2027-H1.
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- FY2027-H1Product inventory increased during the interim periodAnnual report
「The main factors were an increase of ¥259 million in merchandise and finished goods, a decrease of ¥736 million in notes and accounts receivable and contract assets, and a decrease of ¥161 million in cash and deposits, among others.」
Merchandise and finished goods increased by ¥259 million from the end of the previous fiscal year, and inventory accumulated during the interim period after a previous phase of inventory reduction. - FY2026Inventory levels were about the same as in the previous fiscal yearAnnual report
「Trade receivables increased partly because of the early rollout of spring and summer products, while cash and deposits declined as inventory levels remained about the same as at the end of the previous consolidated fiscal year. Merchandise and finished goods 2,587,955 2,563,659」
Merchandise and finished goods declined slightly from ¥2,587.95 million at the end of the previous fiscal year to ¥2,563.659 million, while management described inventory levels as being about the same as in the previous fiscal year. - 2026-05-14AdvancedResults
「商品及び製品 2,587,955 2,563,659」
商品及び製品残高は前年度末から減少し、棚卸資産の圧縮が通期でも確認された。 - FY2026-H1AdvancedAnnual report
「Merchandise and finished goods 2,587,955 2,529,452」
The merchandise and finished goods balance decreased by ¥58.503 million from the end of the previous consolidated fiscal year, indicating that inventories, whose reduction had been limited in the previous fiscal year, declined in the interim period. - FY2025Limited reduction in inventoriesAnnual report
「The decrease in inventories was not expected to be as large as in the previous consolidated fiscal year.」
With regard to the inventory reduction achieved in the previous fiscal year, a decline of a similar magnitude was not expected in the current fiscal year. The merchandise and finished goods balance also edged up from ¥2,571 million at the end of the previous fiscal year to ¥2,588 million. - FY2025-H1AdvancedAnnual report
「Total assets at the end of the interim consolidated accounting period increased by ¥119 million from the end of the previous consolidated fiscal year to ¥9,995 million. The main factors included an increase of ¥839 million in cash and deposits, a decrease of ¥548 million in notes and accounts receivable, and a decrease of ¥155 million in merchandise and finished goods, among others.」
Merchandise and finished goods decreased by ¥155 million from the end of the previous consolidated fiscal year, while the reduction in trade receivables and increase in cash also indicate progress in improving asset efficiency. - FY2024AdvancedAnnual report
「Cash flow from operating activities was an inflow of ¥910 million, compared with an inflow of ¥1,075 million in the same period of the previous year. This was mainly due to a ¥434 million decrease in trade receivables, recognition of ¥408 million in profit before income taxes, and a ¥166 million decrease in inventories, among other factors.」
Inventories decreased by ¥166 million, resulting in an operating cash inflow of ¥910 million. Inventory reduction and asset-efficiency improvements also progressed for the full fiscal year. - FY2024-Q3AdvancedAnnual report
「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.」
In the final year of the First Medium-Term Management Plan, continued restraint on purchases and structural reform resulted in a ¥511 million year-on-year decrease in inventory including merchandise and raw materials, while earnings substantially exceeded the plan. - FY2024-Q2AdvancedAnnual report
「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 optimizing selling, general and administrative expenses and other costs through structural reform, profit and loss substantially exceeded plan after absorbing the increase in sales-related expenses accompanying higher sales. Inventories including products and raw materials also fell by ¥447 million year on year.」
As a result of continuing to restrain new purchases and optimize selling, general and administrative expenses through structural reform, inventory including merchandise and raw materials decreased by ¥447 million year on year, and earnings also substantially exceeded the plan. - FY2024-Q1AdvancedAnnual report
「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.」
As a result of continuing to restrain new purchases and reduce selling, general and administrative expenses through structural reform, inventory including merchandise and raw materials decreased by ¥574 million year on year, and earnings also exceeded the plan. - FY2023-Q3AdvancedAnnual report
「As a result of continued efforts to reduce inventory by restraining purchases of new products and to cut selling, general and administrative expenses through structural reform, inventory including merchandise and raw materials decreased by ¥421 million from the end of the previous consolidated fiscal year」
As a result of continuing to restrain purchases of new products and reduce selling, general and administrative expenses through structural reform, inventory including merchandise and raw materials decreased by ¥421 million from the end of the previous consolidated fiscal year. Progress in inventory reduction became even more concrete than in the previous quarter. - FY2023-Q2AdvancedAnnual report
「Based on the management policies of the First Medium-Term Management Plan formulated in the previous consolidated 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 cut selling, general and administrative expenses through structural reform, inventory including merchandise and raw materials decreased by ¥359 million from the end of the previous consolidated fiscal year」
As a result of restraining purchases of new products and pursuing structural reform, inventory including merchandise and raw materials decreased by ¥359 million from the end of the previous consolidated fiscal year. - FY2023-Q1Merchandise inventory decreasedAnnual report
「The main factors included decreases of ¥215 million in notes and accounts receivable, ¥186 million in return assets, and ¥99 million in merchandise and finished goods, among others.」
Merchandise and finished goods decreased by ¥99 million from the end of the previous consolidated fiscal year, indicating progress in reducing inventory. - FY2022Inventory balance declined while valuation losses increasedAnnual report
「Merchandise and finished goods decreased from ¥3,570,172 thousand at the end of the previous consolidated fiscal year to ¥3,359,434 thousand.」
While the merchandise and finished goods balance declined by approximately ¥210 million, the inventory valuation loss increased from ¥33.250 million in the previous fiscal year to ¥195.184 million, indicating that inventory management and declining profitability remained issues. - FY2022-Q3Inventory balance declined, but an inventory valuation loss was recognizedAnnual report
「Merchandise and finished goods 3,570,172 3,537,241 The period-end inventory balance is stated after a write-down based on reduced profitability, and the following inventory valuation loss is included in cost of sales. 158,483 thousand yen」
Merchandise and finished goods declined from ¥3,570.172 million at the end of the previous consolidated fiscal year to ¥3,537.241 million, while an inventory valuation loss of ¥158.483 million was recognized based on reduced profitability. - FY2022-Q2Narrower increase in merchandise inventoryAnnual report
「Merchandise and finished goods 3,570,172 3,593,705」
Merchandise and finished goods increased by approximately ¥23.5 million, from ¥3,570.172 million at the end of the previous consolidated fiscal year to ¥3,593.705 million. Although this was down from ¥3,601.207 million at the end of the previous quarter, inventory management remained an issue. - FY2022-Q1Slight increase in merchandise inventoryAnnual report
「Merchandise and finished goods increased from ¥3,570,172 thousand at the end of the previous consolidated fiscal year to ¥3,601,207 thousand.」
While strengthening inventory management remained an issue, merchandise and finished goods increased by approximately ¥31 million from the end of the previous fiscal year. - FY2021WorsenedAnnual report
「Sales opportunities for our products were significantly impaired by weather-related factors, such as an unusually warm winter and unsettled weather, as well as the impact of COVID-19, making strengthening inventory management an issue to be addressed. As interest-bearing debt has also been trending upward with the increase in inventory, this issue must be addressed as well.」
Strengthening inventory management remained an issue, and merchandise and finished goods increased by ¥415 million from the end of the previous fiscal year to ¥3,570 million. The company also explicitly linked the slow-moving inventory issue to the associated funding burden. - FY2021-Q3Wider increase in merchandise inventoryAnnual report
「The main factors included an increase of ¥972 million in cash and deposits, an increase of ¥620 million in merchandise and finished goods, a decrease of ¥1,009 million in fixed assets, including land, buildings and lease assets, due to the recognition of impairment losses, and a decrease of ¥611 million in notes and accounts receivable, among others.」
While strengthening inventory management remained an issue, merchandise and finished goods increased by ¥620 million from the end of the previous consolidated fiscal year. - FY2021-Q2Further increase in merchandise inventoryAnnual report
「The main factors included an increase of ¥1,191 million in cash and deposits, an increase of ¥422 million in merchandise and finished goods, a decrease of ¥188 million in notes and accounts receivable, a decrease of ¥65 million in deferred tax assets included in "Other" under investments and other assets, a decrease of ¥58 million in consumption taxes receivable and other items included in "Other" under current assets, and a decrease of ¥53 million in advances paid, among others.」
While strengthening inventory management was identified as an issue, merchandise and finished goods increased by ¥422 million from the end of the previous consolidated fiscal year. - FY2021-Q1Increase in Merchandise InventoryAnnual report
「Total assets at the end of the first quarter of the current consolidated fiscal year increased by ¥739 million from the end of the previous consolidated fiscal year to ¥12,382 million. The main factors included increases of ¥440 million in merchandise and finished goods, ¥246 million in cash and deposits, and ¥108 million in buildings and structures.」
While strengthening inventory management was identified as an issue, merchandise and finished goods increased by ¥440 million from the end of the previous consolidated fiscal year. - FY2020WorsenedAnnual report
「Sales opportunities for our products were significantly impaired by weather-related factors, such as an unusually warm winter and unsettled weather, as well as the impact of COVID-19. Accordingly, even after recognizing a substantial inventory valuation loss during the current consolidated fiscal year, strengthening inventory management remains an issue to be addressed.」
The company identified strengthening inventory management as an ongoing issue and recognized an inventory valuation loss of ¥963 million for the full fiscal year. Compared with the previous period's inventory reduction policy, the issues of difficult-to-sell inventory and valuation losses have become more pronounced. - FY2020-Q3WorsenedAnnual report
「In light of the sharp deterioration in market conditions, we reassessed slow-moving inventory that we had no choice but to determine would be difficult to sell going forward, and recognized an inventory valuation loss of ¥830 million in cost of sales.」
As part of its inventory reduction and asset-efficiency initiatives, the company reassessed slow-moving inventory that was difficult to sell and recognized an inventory valuation loss of ¥830 million. - FY2020-Q2AdvancedAnnual report
「We reviewed sales at unprofitable stores and other locations and withdrew from some of them.」
The company reviewed sales at unprofitable stores and other locations and withdrew from some of them, putting specific measures in place to improve operating and asset efficiency. - FY2020-Q1AdvancedAnnual report
「Our group strengthened efficient operations by reviewing sales staffing and optimizing in-store inventory levels, among other measures.」
The company states that it implemented specific measures to improve operating efficiency, including reviewing sales staffing and optimizing in-store inventory levels. - FY2018First statedAnnual report
「Our group strengthened its divisional management and operating structure and worked to expand operating profit, including by increasing the proportion of overseas production. At the same time, we pursued more efficient use of assets by disposing of idle assets and reducing inventory.」
The company describes measures to expand operating profit and improve asset efficiency by strengthening divisional management, increasing the proportion of overseas production, disposing of idle assets and reducing inventory.