Risk of declining sales due to closures of directly operated fragrance stores
First written in FY2020-Q2. 4 of 10 entries say "Restated". Latest entry: FY2024-Q3.
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- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of declining sales due to closures of directly operated fragrance stores. - FY2023-Q2RestatedAnnual report
「There are no material changes concerning the occurrence of key risks or the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of declining sales due to closures of directly operated fragrance stores. - FY2023-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of declining sales due to closures of directly operated fragrance stores. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of declining sales due to closures of directly operated fragrance stores. - FY2022-Q1MitigatedAnnual report
「Sales of products such as maison-brand diffusers performed well this fiscal year, benefiting from stay-at-home demand, while sales also benefited from the rebound following the closure of department store sales floors from early April through late May of the previous year. As a result, fragrance business sales reached 171.8% of the previous year's level.」
Fragrance business sales recovered to 171.8% of the same period of the previous year, driven by the rebound from the closure of department store retail floors and other outlets in the previous year and strong sales of maison-brand diffusers and other products. - FY2021-Q3MitigatedAnnual report
「Since October, customer traffic increased not only at suburban stores but also at central-city stores, and the use of Go To Travel coupons and other measures contributed to higher sales. Although business sales recovered slightly, they did not return to normal levels and reached 74.7% of the previous year's level.」
Fragrance business sales recovered to 74.7% of the previous year's level as customer traffic increased at suburban and central-city stores and customers used Go To Travel coupons, but normal business conditions have not returned. - FY2021-Q2MitigatedAnnual report
「Since July, sales at department stores and directly operated stores, particularly suburban locations, have gradually shown signs of recovery. However, customer traffic at central Tokyo and Osaka stores has shown no sign of recovery and remains challenging, with business sales reaching 65.3% of the previous year's level.」
Sales at suburban department stores and directly operated stores gradually recovered, improving business sales to 65.3% from 45.9% of the same period of the previous year in the preceding quarter, but stores in central Tokyo and Osaka remained in a challenging environment. - FY2021-Q1WorsenedAnnual report
「From early April through the end of May, temporary closures of the major sales channels, department stores and directly operated stores, together with a significant decline in wholesale sales, which accounted for a large proportion of sales, caused a substantial decrease in total business sales. Sales began to recover as stores reopened in June, but cumulative sales for the period ultimately reached only 45.9% of the same period of the previous year, an extremely difficult result.」
Due to temporary closures of department stores and directly operated stores and a substantial decline in wholesale sales, fragrance business sales fell to 45.9% of the same period of the previous year. - FY2020WorsenedAnnual report
「Although sales of maison-brand products at department stores remained strong, sales of our core luxury-brand products declined in wholesale operations and directly operated stores, which account for a high proportion of sales, and the spread of COVID-19 caused fragrance business sales overall to fall to 86.5% of the previous year's level.」
Maison-brand sales were strong, but weak sales of core products at wholesale operations and directly operated stores, together with the spread of COVID-19, brought fragrance business sales to 86.5% of the previous year's level. - FY2020-Q2First statedAnnual report
「Wholesale operations remained at approximately the previous year's level, but sales at directly operated stores declined due to the closure of several stores, resulting in sales for the period of 99.5% of the previous year's level.」
The closure of several stores in the fragrance business actually occurred and was identified for the first time as a factor behind the decline in sales at directly operated stores.