Development of high-quality Japanese-made products and products tailored to customer needs

「In the hats and other segment, the negative impact of weather during the interim consolidated accounting period was relatively limited. In addition, the Company began handling bags from a new overseas brand, and segment sales exceeded those of the same period of the previous year.」

「The Company focused on sales initiatives such as detailed product development and proposals tailored to each sales channel and the promotion of regular-price sales. As the exchange rate remained stronger against other currencies for the full year than in the previous fiscal year, it was able to reduce procurement costs from overseas, and gross profit exceeded the previous consolidated fiscal year.」

「各販路に対応したきめ細かい商品開発・提案、プロパー販売の促進等の販売施策の推進に注力し」

「The Company advanced sales initiatives such as detailed product development and proposals tailored to each sales channel and the promotion of regular-price sales. Partly because the yen remained stronger against other currencies than in the same period of the previous year, it absorbed increases in selling, general and administrative expenses associated with higher sales, and segment profit substantially exceeded the same period of the previous year.」

「In the umbrellas segment, extreme summer heat continued from the previous year and the parasol market was active. In addition, stronger approaches to product development and marketing for specialty-store markets proved effective, and net sales substantially exceeded the previous consolidated fiscal year.」

「By advancing sales initiatives such as detailed product development and proposals tailored to each sales channel and promoting regular-price sales, the Company absorbed increases in costs resulting from the weaker yen and other factors, as well as increases in selling, general and administrative expenses associated with higher sales, and segment profit exceeded the same period of the previous year.」

「The parasol market was buoyant because of the extreme heat, and the strengthened approach to product development and marketing for specialty store markets also proved effective, resulting in net sales substantially exceeding the same period of the previous year.」

「In the apparel accessories business, comprising the fur and jewelry segment, inquiries for the company's products declined as affluent customers increased their leisure spending. The start of the autumn and winter sales season was also delayed because temperatures from September to November remained higher than usual. Although the company focused on sustainable proposals including fur remodeling and remaking, sales fell below the same quarter of the previous year, and segment profit also declined substantially because of higher cost of sales caused by the yen's depreciation and other factors. As a result, apparel accessories sales were ¥523 million, down 2.4% year on year, and segment profit was ¥37 million, down 44.4%.」

「In the apparel accessories business, comprising the fur and jewelry segment, inquiries for the company's products declined as affluent customers increased their leisure spending. In addition, much of the delivery and sale of autumn and winter products was delayed until October or later because of the extreme heat. Although the company focused on sustainable proposals including fur remodeling and remaking, sales fell below the same quarter of the previous year. The segment loss also fell below the previous year's level because of higher cost of sales caused by the yen's depreciation and other factors. As a result, apparel accessories sales were ¥221 million, down 5.3% year on year, and the segment loss was ¥54 million, compared with a segment loss of ¥26 million in the same quarter of the previous year.」

「In the apparel business, although the impact of reduced sales floor space and other measures stemming from the COVID-19 pandemic remained, sales exceeded the same quarter of the previous year as a result of focusing on sustainable proposals that took consumer needs and market conditions into account.」

「In the apparel accessories segment, comprising fur and jewelry products, sales to affluent customers, centered on high-priced products whose rarity supported demand, were relatively strong as consumer sentiment recovered among affluent customers, while sustainable proposals such as fur remodeling and remaking also lifted sales above the year-earlier quarter.」

「In the apparel accessories business, comprising the fur and jewelry segment, the recovery in consumer sentiment, particularly among affluent customers, supported relatively strong sales of high-priced products to affluent customers because of their scarcity. Sustainable proposals including fur remodeling and remaking also helped lift sales substantially above the same quarter of the previous year. As a result, apparel accessories sales were ¥104 million, up 59.4% year on year, while the segment loss was ¥18 million, compared with a segment loss of ¥31 million in the same quarter of the previous year.」

「In the apparel accessories business, comprising the fur and jewelry segment, the recovery in business activity remained limited due to the impact of requests to refrain from going out during the COVID-19 pandemic. However, sales to affluent customers, particularly of high-priced products, were relatively strong because of the products' scarcity. Sustainable proposals including fur remodeling and remaking, carried over from the previous fiscal year, also helped lift net sales above the same period of the previous year, and the segment turned profitable.」

「In the apparel accessories segment, comprising fur and jewelry products, we expanded the range of items handled from the previous fiscal year, developed sustainable proposals such as fur remodeling and remaking, and focused on identifying new consumer needs.」

「In the apparel accessories segment, comprising fur and jewelry, we expanded the range of items handled from the previous fiscal year, developed sustainable proposals such as fur remodeling and remaking, and focused on identifying new consumer needs.」

「Compared with the previous fiscal year, we expanded the range of items handled, developed sustainable proposals such as fur remodeling and remaking, and focused on identifying new consumer needs.」

「In the apparel accessories segment, comprising fur and jewelry products, we expanded the range of items handled, developed sustainable proposals such as fur remodeling and remaking, and focused on identifying new consumer needs.」

「In the apparel accessories segment, comprising fur and jewelry, we expanded the range of items handled, developed sustainable proposals such as fur remodeling and remaking, and focused on identifying new consumer needs.」

「In the apparel accessories business, comprising the fur and jewelry segment, the company expanded its product range and developed sustainable proposals including fur remodeling and remaking, focusing on identifying new consumer needs. However, segment sales fell below the same quarter of the previous year because department stores, its main sales channel, voluntarily suspended operations and external sales events and other events were canceled due to the spread of COVID-19.」

「The company focused on addressing consumer needs by expanding its product range and developing its fur remodeling business, but sales in the fur and jewelry segment fell below the same period of the previous year because department stores, its main sales channel, voluntarily suspended operations and external sales events and other events were canceled due to the spread of COVID-19.」

「We continue to provide the market with high-quality, highly functional products, which have received high praise from both sales partners and consumers.」

「The Group focused on offering a broad range of products centered on fur accessories and on responding to the market as demand for eco-fur increased, but sales in the fur and jewelry segment fell below the year-earlier quarter.」

「The parasol market was buoyed by favorable market conditions and sales substantially exceeded the previous year's level. The launch from the spring-summer 2018 season of the highly water-repellent 'FLO(A)TUS' rain umbrella and the new 'estaa' brand to expand sales channels also contributed, and total net sales in the Western-style umbrella segment exceeded the same quarter of the previous year.」

「The launch from the spring-summer 2018 season of the highly water-repellent 'FLO(A)TUS' rain umbrella and the new 'estaa' brand to expand sales channels also contributed, and total net sales in the Western-style umbrella segment exceeded the same quarter of the previous year.」

「Although sales of the highly water-repellent 'FLO(A)TUS' rain umbrella and the new 'estaa' brand, launched to expand sales channels, began in the spring-summer 2018 season, both got off to a strong start.」

「From the spring-summer 2018 season, we have been selling the 'FLO(A)TUS' rain umbrella, which achieves water repellency far exceeding conventional levels. We have also launched the new 'estaa' brand to expand sales channels. We will continue developing products with enhanced functionality, including even lighter umbrellas.」

「From the spring-summer 2018 season, we will begin selling the 'FLO(A)TUS' rain umbrella, which achieves water repellency far exceeding conventional levels. We will continue proposing products aimed at revitalizing the market, including the launch from the spring-summer 2018 season of the 'Breathing Stole,' which offers excellent moisture absorption and release, UV protection, washability and a comfortable feel against the skin. We will also roll out hats made from the new 'Hydro Silver Titan' material, which decomposes proteins such as pollen and household dust.」

「The 'Barbrella®' ultra-lightweight umbrella and the imported 'FULTON' products remained popular in rain umbrellas, while the 'Rakuori STYLE' parasol, compact and convenient to carry despite feeling like a full-length umbrella, performed strongly.」

「In addition to fur imports made in Denmark and Italy, the group expanded its range of Japanese-made leather products and other fresh merchandise, which was well received. As a result, total net sales in the fur and jewelry segment exceeded the same quarter of the previous year.」

「The group's ultra-lightweight rain umbrella, the 'Barbrella,' and the 'Rakuori,' a slim, compact folding umbrella that is easy to open and close like a full-length umbrella, received very high praise. Sales of the group's rain umbrellas and parasols both progressed strongly, and total net sales in the Western-style umbrella segment exceeded the same quarter of the previous year.」

「The group's ultra-lightweight rain umbrella, the 'Barbrella,' and the 'Rakuori,' a slim, compact folding umbrella that is easy to open and close like a full-length umbrella, received very high praise, and total net sales in the Western-style umbrella segment exceeded the same quarter of the previous year.」

「The group launched ultra-lightweight Western-style umbrellas including the 'Barbrella,' which have been very well received, but total net sales in the Western-style umbrella segment fell below the same quarter of the previous year.」

「The group launched the 'Made in Japan Project' and has begun proposing high-quality Japanese-made products developed using the manufacturing expertise accumulated over the company's 130-year history to domestic consumers and inbound visitors. We will also further promote high-quality manufacturing that responds promptly to customer needs, including the 'Barbrella,' an ultra-lightweight umbrella weighing no more than 100 grams; the 'Bright Cool' parasol, which uses natural fibers with the cooling feel and texture inherent to parasols while providing heat-shielding performance in a market that has become homogenized around synthetic fibers focused on heat and light shielding; and 'Washable Cashmere,' which can be hand-washed without compromising its texture because it has been treated to prevent shrinkage.」