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Lapine (8143) · InitiativeWorsened

Improving and Strengthening the Profitability of the Company-Operated Retail Business and Achieving Steady Growth

First written in FY2017-Q3. 20 of 38 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2027-H1.

38entries
10years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2020-Q2 – FY2021AdvancedFY2023-Q2 – FY2024WorsenedFY2025-Q1 – FY2027-H12017: 420172018: 420182019: 420192020: 320202021: 420212022: 320222023: 420232024: 420242025: 220252026: 62026
Same theme, other companies
Comprehensive improvement of operating quality and profitability at existing storesA theme 80 companies write about · 0 as a headwind · 91 as a tailwind

Lapine moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).

2 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 80 companies compared. The sentences above are computed from all 80.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1WorsenedAnnual report

    「As a result, revenue from this business for the six-month consolidated accounting period was ¥522 million, down 4.8% year on year, and operating loss was ¥65 million, compared with ¥29 million in the previous year.」

    Revenue in the retail business decreased 4.8% year on year, while the operating loss widened from ¥29 million in the same period of the previous year to ¥65 million. Although the company continues to improve efficiency by store, its product assortment and sales promotion, and acquire new customers, profitability has deteriorated.
  2. FY2026WorsenedAnnual report

    「As in the wholesale business, with in-store sales under pressure, we worked to improve efficiency by location and at existing stores. We sought to revitalize stores by strengthening an appealing product range from the customer's perspective and implementing effective sales promotion measures, acquired new customers and worked to improve profitability. We also continued to operate head-office expenses efficiently. As a result, sales for the retail business for the fiscal year were ¥1,099 million, down 3.9% year on year, and operating loss was ¥51 million, compared with a loss of ¥49 million in the previous year.」

    The company continued efficiency improvements by location and at existing stores, product range enhancements, sales promotions and new customer acquisition, but the retail business reported a 3.9% decline in sales and operating loss widened from ¥49 million to ¥51 million.
  3. FY2026-H1WorsenedAnnual report

    「As in the wholesale business, with in-store sales under pressure, we worked to improve efficiency by location and at existing stores. We sought to revitalize stores by strengthening an appealing product range from the customer's perspective and implementing effective sales promotion measures, acquired new customers and worked to improve profitability. As a result, sales for the retail business for the six months ended 30 September were ¥549 million, down 2.0% year on year, and operating loss was ¥29 million, compared with a loss of ¥31 million in the same period of the previous year.」

    The company pursued efficiency improvements by store, product range enhancements, sales promotions and new customer acquisition, but sales declined 2.0% and operating loss continued.
  4. FY2025WorsenedAnnual report

    「As a result, sales for the retail business for the fiscal year were ¥1,144 million, down 6.6% year on year, and operating loss was ¥49 million, compared with operating profit of ¥19 million in the previous year.」

    The retail business reported a 6.6% decline in sales, and operating results also shifted from a ¥19 million profit in the previous year to a ¥49 million loss. Profitability improvement measures through product range enhancements, sales promotions and acquisition of new and repeat customers are continuing.
  5. FY2025-H1WorsenedAnnual report

    「As a result, sales for the retail business for the six months ended 30 September were ¥560 million, down 12.9% year on year, and operating loss was ¥31 million, compared with operating profit of ¥42 million in the same period of the previous year.」

    The retail business reported lower sales, and operating results also shifted from a ¥42 million profit in the same period of the previous year to a ¥31 million loss. Efficiency improvements by store, product range enhancements, sales promotions, and acquisition of new and repeat customers are continuing.
  6. FY2025-Q1WorsenedAnnual report

    「As in the wholesale business, with growth in in-store sales difficult to foresee, our top priority was improving profitability by location and at existing stores. We worked to revitalize stores by offering an appealing product range that met customer needs and implementing sales promotion measures, acquired new customers and focused on improving profitability. As a result, sales for the retail business for the three months ended 30 June were ¥302 million, down 17.8% year on year, and operating loss was ¥0 million, compared with operating profit of ¥64 million in the same period of the previous year.」

    The company pursued profitability improvements by store, product range enhancements, sales promotions and new customer acquisition, but the retail business reported a 17.8% decline in sales and operating results shifted from profit in the same period of the previous year to loss.
  7. FY2024AdvancedAnnual report

    「As a result, sales for the retail business were ¥1,225 million, compared with ¥1,401 million in the same period of the previous year, and operating profit was ¥19 million, compared with an operating loss of ¥45 million in the same period of the previous year.」

    Although the retail business reported lower sales, it turned operating results from a ¥45 million loss in the previous year to a ¥19 million profit through efficiency improvements by store, store openings and closures, product range and sales promotion enhancements, new customer acquisition and cost improvements.
  8. FY2024-Q3AdvancedAnnual report

    「As a result, sales for the retail business for the nine months ended 31 December were ¥946 million, down 12.3% year on year, and operating profit was ¥28 million, compared with an operating loss of ¥20 million in the same period of the previous year.」

    Although the retail business reported lower sales, it pursued efficiency improvements by store, store openings and closures, product range and sales promotion enhancements, new customer acquisition and cost improvements, and operating results turned from a loss in the same period of the previous year to a ¥28 million profit.
  9. FY2024-Q2AdvancedAnnual report

    「As a result, sales for the retail business for the six months ended 30 September were ¥643 million, down 9.6% year on year, and operating profit was ¥42 million, compared with an operating loss of ¥13 million in the same period of the previous year.」

    Although the retail business reported lower sales, it pursued efficiency improvements by store, product range and sales promotion enhancements, new customer acquisition and cost improvements, and operating results turned from a loss in the same period of the previous year to a ¥42 million profit.
  10. FY2024-Q1AdvancedAnnual report

    「With growth in in-store sales difficult to foresee, we focused on improving profitability by business format and by store, strengthened product ranges tailored to the characteristics of each store, introduced sales promotion measures, worked to acquire new customers and focused on improving profitability. As a result, sales for the retail business for the three months ended 30 June were ¥367 million, down 6.6% year on year, while operating profit was ¥64 million, compared with an operating loss of ¥7 million in the same period of the previous year.」

    Although the retail business reported lower sales, it pursued profitability improvements by store, product range enhancements, sales promotions and new customer acquisition, and operating results turned from a ¥7 million loss in the same period of the previous year to a ¥64 million profit.
  11. FY2023MitigatedAnnual report

    「As a result, sales for the retail business were ¥1,401 million, compared with ¥2,100 million in the same period of the previous year, and operating loss was ¥45 million, compared with a loss of ¥87 million in the same period of the previous year.」

    The retail business reported lower sales, while operating loss narrowed from ¥87 million to ¥45 million.
  12. FY2023-Q3MitigatedAnnual report

    「In addition to encouraging existing customers to visit our stores, we worked to acquire new customers by supplying the right products at the right time to appeal to a broad range of consumers. For e-commerce, we worked to regain sales growth by offering a product range centered on regular merchandise and conducting sales promotion activities. As a result, sales for the retail business for the nine months ended 31 December were ¥1,079 million, compared with ¥1,590 million in the same nine-month period of the previous year, and operating loss was ¥20 million, compared with a loss of ¥67 million in the same period of the previous year.」

    The retail business reported lower sales, but pursued the right products at the right time, new customer acquisition and e-commerce promotions, narrowing operating loss from ¥67 million to ¥20 million.
  13. FY2023-Q2MitigatedAnnual report

    「To improve profitability at each retail store, we worked to supply existing customers with the right products at the right time and revitalize stores, sought to secure sales by acquiring new customers, and focused on expanding our e-commerce channels. As a result, sales for the retail business for the six months ended 30 September were ¥711 million, compared with ¥1,056 million in the same six-month period of the previous year, and operating loss was ¥13 million, compared with a loss of ¥20 million in the same period of the previous year.」

    The retail business reported lower sales, but pursued the right products at the right time, new customer acquisition and e-commerce expansion, narrowing operating loss from ¥20 million in the same six-month period of the previous year to ¥13 million.
  14. FY2023-Q1WorsenedAnnual report

    「With a recovery in in-store sales difficult to foresee, we focused on improving profitability at existing stores, strengthened the product range of reasonably priced items that customers could readily purchase to revitalize stores, and worked to increase the customer base by acquiring new customers. We also closed unprofitable stores and focused on improving profitability. As a result, sales for the retail business for the three months ended 30 June were ¥393 million, compared with ¥568 million in the same period of the previous year, while operating loss was ¥7 million, compared with operating profit of ¥10 million in the same period of the previous year.」

    The company pursued profitability improvements at existing stores, strengthened its range of reasonably priced products, acquired new customers and closed unprofitable stores, but sales declined and operating results shifted from profit in the same period of the previous year to loss.
  15. FY2022-Q3AdvancedAnnual report

    「We worked to improve freshness by offering the right products at the right time, increase satisfaction among existing customers and acquire new customers, while continuing efforts to improve profitability at existing stores, closing unprofitable stores and focusing on e-commerce sales. As a result, sales for the retail business for the nine months ended 31 December were ¥1,590 million, down 7.0% year on year, and operating loss was ¥67 million, compared with a loss of ¥334 million in the same period of the previous year.」

    The retail business continued to offer the right products at the right time, improve profitability at existing stores, close unprofitable stores and expand e-commerce sales. Although sales declined, operating loss narrowed from ¥334 million to ¥67 million.
  16. FY2022-Q2MitigatedAnnual report

    「To improve the profitability of each existing store, we continued to stimulate in-store sales by supplying the right products at the right time, promote sales to existing and new customers and expand the e-commerce channel. As a result, for the first 6 months of the current fiscal year, this business reported net sales of ¥1.056 billion, up 2.9% year on year, while operating loss was ¥20 million, compared with a loss of ¥190 million in the same period of the previous year.」

    The company continued to supply the right products at the right time, promote sales to existing and new customers and expand the e-commerce channel. Sales increased by 2.9%, while the operating loss narrowed from ¥190 million to ¥20.41 million.
  17. FY2022-Q1MitigatedAnnual report

    「To improve the profitability of each existing store, we worked to stimulate in-store sales by supplying the right products at the right time, promote sales to our best customers, acquire new customers and expand the e-commerce channel. As a result, for the first 3 months of the current fiscal year, this business reported net sales of ¥568 million, up 54.4% year on year, and operating profit of ¥10 million, compared with an operating loss of ¥76 million in the same period of the previous year.」

    The retail business increased sales by 54.4% and returned to operating profitability, with operating profit of ¥10 million versus a loss of ¥76 million in the same period of the previous year.
  18. FY2021WorsenedAnnual report

    「Although the e-commerce channel grew substantially, the decline in store sales was significant. Net sales in this business amounted to ¥2.4 billion, down 24.1% year on year, and operating loss was ¥320 million, compared with a loss of ¥290 million in the same period of the previous year.」

    Although the e-commerce channel expanded, the retail business reported a 24.1% decline in sales due to lower store sales, and the operating loss also widened from the previous year.
  19. FY2021-Q3WorsenedAnnual report

    「However, as in the wholesale business, the decline in in-store sales associated with the closure of physical stores and the decrease in store visitors was significant. For the first 9 months of the current fiscal year, net sales in this business amounted to ¥1.709 billion, down 29.1% year on year, and operating loss was ¥334 million, compared with a loss of ¥56 million in the same period of the previous year.」

    The retail business reported a 29.1% decline in sales, while the operating loss widened from ¥56 million in the same period of the previous year to ¥334 million. The impact of store closures and fewer store visitors was specified.
  20. FY2021-Q2WorsenedAnnual report

    「However, as in the wholesale business, the decline in in-store sales associated with the closure of physical stores and the decrease in store visitors was significant. For the first 6 months of the current fiscal year, net sales in this business amounted to ¥1.026 billion, down 35.6% year on year, and operating loss was ¥190 million, compared with a loss of ¥53 million in the same period of the previous year.」

    The retail business reported a 35.6% decline in sales, while the operating loss widened from ¥53 million in the same period of the previous year to ¥190 million. Store closures and fewer store visitors further worsened the profitability of the directly operated retail business.
  21. FY2021-Q1WorsenedAnnual report

    「For the first 3 months of the current fiscal year, this business reported net sales of ¥368 million, down 56.6% year on year, and an operating loss of ¥76 million, compared with operating profit of ¥11 million in the same period of the previous year.」

    The retail business reported a 56.6% decline in sales, and operating results turned from profit of ¥11 million in the same period of the previous year to a loss of ¥76 million.
  22. FY2020-Q3WorsenedAnnual report

    「We worked to implement product selection and sales promotions suited to the location, format and customer base of each store, improve customer service skills, develop new stores and secure the performance of existing stores. Amid weak consumer sentiment resulting from weather conditions and the consumption tax increase, "m0851," our directly imported Canadian leather apparel and accessories brand, and "Scrap Book," the select shop for fashion accessories operated by our wholly owned subsidiary 株式会社ベルラピカ, performed well. However, sales at existing "BELL MILAN" stores, which sell women's apparel and accessories for mature women, remained sluggish. For the first 9 months of the current fiscal year, this business reported net sales of ¥2.412 billion, up 5.4% year on year, while operating loss was ¥56 million, compared with a loss of ¥49 million in the same period of the previous year, partly reflecting the impact of sale sales associated with closing unprofitable stores.」

    The retail business maintained sales growth, but the operating loss widened from ¥49 million in the same period of the previous year to ¥56 million due to sluggish sales at existing stores and the impact of sale sales associated with closing unprofitable stores.
  23. FY2020-Q2WorsenedAnnual report

    「For the first 6 months of the current fiscal year, this business reported net sales of ¥1.594 billion, up 8.5% year on year. However, as the initial costs of new stores were incurred ahead of their contribution to earnings, operating loss was ¥53 million, compared with a loss of ¥50 million in the same period of the previous year.」

    The retail business maintained sales growth, while the operating loss widened from ¥50 million in the same period of the previous year to ¥53 million due to the initial costs of new stores.
  24. FY2020-Q1ReframedAnnual report

    「With the aim of becoming an SPA-type company, we worked to secure the performance of existing stores and expand economies of scale through new store openings for each of the women's apparel and accessories retail shop "Bell Milan," the select shops "Scrap Book" and "Raglaia," and the directly imported leather collection "m0851." Although transaction volume remains small, we also actively promoted e-commerce as a strategic business and worked to secure results.」

    The company specified strengthening the directly operated retail business as a business model aimed at becoming an "SPA-type company," in addition to expanding existing stores, new store openings and e-commerce.
  25. FY2019WorsenedAnnual report

    「As a result, net sales in the retail business amounted to ¥3.135 billion, up 6.9% year on year. However, as in the wholesale business, sales growth during the regular-price selling period remained sluggish, and the business was affected by the initial costs of new stores, resulting in an operating loss of ¥77 million compared with operating profit of ¥34 million in the same period of the previous year.」

    The retail business maintained sales growth, but operating results turned from profit of ¥34 million in the previous year to a loss of ¥77 million.
  26. FY2019-Q3WorsenedAnnual report

    「For the first 9 months of the current fiscal year, this business reported net sales of ¥2.289 billion, up 6.9% year on year. However, sales at some existing stores were affected by weak consumer sentiment caused by weather conditions, and the business posted an operating loss of ¥49 million, compared with operating profit of ¥44 million in the same period of the previous year, due in part to the initial costs of new stores.」

    The retail business increased sales by 6.9%, while operating results turned from profit of ¥44 million in the same period of the previous year to a loss of ¥49 million, affected by the initial costs of new stores and weather conditions.
  27. FY2019-Q2WorsenedAnnual report

    「For each store format, we worked to enhance product selection and implement sales promotions, while seeking to stabilize newly opened stores and secure the performance of existing stores. For the first 6 months of the current fiscal year, this business reported net sales of ¥1.468 billion, up 9.4% year on year, while operating loss was ¥50 million, compared with a loss of ¥12 million in the same period of the previous year, as the initial costs of new stores were incurred ahead of their contribution to earnings.」

    The retail business increased sales by 9.4%, while the operating loss widened from ¥12 million in the same period of the previous year to ¥50 million due to the initial costs of new stores.
  28. FY2019-Q1Maintained sales growth, lower profitAnnual report

    「For each of the women's apparel and accessories retail shop "Bell Milan," the select shops "Scrap Book" and "Raglaia," and the directly imported leather collection "m0851," we worked to strengthen product selection and sales promotions and to secure the performance of newly opened and existing stores. For the first quarter of the current fiscal year, this business reported net sales of ¥747 million, up 10.1% year on year, while operating profit declined 7.7% year on year to ¥14 million as the initial costs of new stores were incurred ahead of their contribution to earnings.」

    The retail business maintained 10.1% year-on-year sales growth, while operating profit declined 7.7% year on year to ¥14 million due to the initial costs of new stores.
  29. FY2018AdvancedAnnual report

    「As a result, net sales in the retail business amounted to ¥2.932 billion, up 12.8% year on year, while operating profit was ¥34 million, compared with an operating loss of ¥285 million in the same period of the previous year.」

    The retail business increased sales by 12.8% and returned to operating profitability, with operating profit of ¥34 million versus a loss of ¥285 million in the previous year. New store openings and the early stabilization of the e-commerce business were also identified as growth initiatives.
  30. FY2018-Q3AdvancedAnnual report

    「For the first 9 months of the current fiscal year, this business reported net sales of ¥2.14 billion, up 13.4% year on year, and operating profit of ¥44 million, compared with an operating loss of ¥146 million in the same period of the previous year.」

    The retail business maintained sales growth and posted operating profit of ¥44 million, returning to profitability from an operating loss in the same period of the previous year.
  31. FY2018-Q2AdvancedAnnual report

    「We worked to increase sales at existing stores through shop operations, product selection and sales promotions suited to each brand's characteristics, trading area, location and customer base. We also opened 4 directly operated "Bell Milan" stores during the second quarter of the current fiscal year, bringing the total number of stores operated by our group to 53 at the end of the period.」

    The company continued store operations, product selection and sales promotions tailored to each format, opened 4 stores during the second quarter and increased the store count to 53.
  32. FY2018-Q1AdvancedAnnual report

    「We worked to secure sales by operating shops in ways that capitalize on the respective strengths of each format, offering an attractive product selection and implementing sales promotions that encourage store visits, while also proceeding with new store openings.」

    The company continued operations, product selection and sales promotions that capitalize on the strengths of each retail format, opened 6 stores in the first quarter and had 49 stores at period-end. The retail business posted operating profit of ¥16 million, returning to profitability from an operating loss in the same period of the previous year.
  33. FY2017AdvancedAnnual report

    「In March 2017, we transferred the "Scrap Book" and "Raglaia" select-shop businesses to 株式会社ベルラピカ, a wholly owned subsidiary, and sought to accelerate decision-making and rationalize costs by operating the retail business centrally, while also pursuing proactive growth, including new store openings and e-commerce site operations.」

    As a measure to strengthen the retail business, the company transferred 2 businesses to a subsidiary for centralized operation and broadened its growth initiatives to include new store openings and e-commerce operations.
  34. FY2017-Q3First statedAnnual report

    「The company worked to improve the profitability and achieve steady growth of its directly operated retail business.」

    For the directly operated retail business, the company specified for the first time that improving profitability and achieving steady growth, beyond stabilizing store operations and opening stores, were the pillars of its initiatives.
Moved together

"Revenue Growth and Operating Loss in the Retail Business" moved the same way as this thread, in the same document, in 33 of its 38 moves.

332624211913★123456
  1. ★This thread
  2. 1Revenue Growth and Operating Loss in the Retail Business33×
  3. 2Improvement in Gross Profit Margin26×
  4. 3Year-on-Year Declines in Revenue and Profit24×
  5. 4Increase in Operating Profit Despite Lower Revenue in the Wholesale Business21×
  6. 5Material Doubt Regarding Going Concern, Operating Losses and Negative Operating Cash Flow19×
  7. 6Reducing Selling, General and Administrative Expenses13×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Lapine's next results are scheduled for 2026-10-14. Read the earnings preview It last moved in the Occurring Fact of 2026-10-14: "Worsened".
News
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Improving and Strengthening the Profitability of the Company-Operated Retail Business and Achieving Steady Growth | LAPINE CO.,LTD. (8143) | Komori