Post-event reaction and declining orders after the tourism event ended

「The souvenir retail business saw higher sales as economic activity normalized following COVID-19's reclassification as a Class 5 infectious disease and tourism and leisure demand continued to recover. However, the benefits of Zenkoji Temple's Gokaicho event held in Nagano City the previous year and of coupons under the nationwide travel support program fell away. Revenue was ¥848 million, down 4.8% year on year, and operating profit was ¥32 million, down 58.1% year on year.」

「The souvenir retail business saw higher sales as economic activity normalized further following COVID-19's reclassification as a Class 5 infectious disease and tourism and leisure demand continued to recover. However, the benefits of Zenkoji Temple's Gokaicho event held in Nagano City the previous year and of coupons under the nationwide travel support program fell away. Revenue was ¥673 million, down 6.1% from the same quarter of the previous year, and operating profit was ¥41 million, down 52.2% year on year.」

「The souvenir retail business saw higher sales as tourism demand began to recover following the normalization of economic activity after COVID-19's reclassification as a Class 5 infectious disease, and as visitor numbers at tourist destinations recovered. However, the benefit of Zenkoji Temple's Gokaicho event held in Nagano City the previous year fell away. Revenue was ¥458 million, down 8.9% from the same quarter of the previous year, and operating profit was ¥34 million, down 45.8% year on year.」

「The souvenir retail business benefited from the normalization of economic activity following COVID-19's reclassification as a Class 5 infectious disease and an increase in opportunities to go out, but the benefit of Zenkoji Temple's Gokaicho event held in Nagano City the previous year fell away. Revenue was ¥200 million, down 31.0% from the same quarter of the previous year, and operating profit was ¥7 million, down 85.4% year on year.」

「The souvenir retail business benefited from the revival of socioeconomic activity as restrictions related to COVID-19 were eased, a recovery in domestic tourism, the continuation of travel support measures and the growing use of coupons, as well as the impact of Zenkoji Temple's Gokaicho event held in Nagano City, where the stores are located. Revenue was ¥891 million, up 91.8% year on year, and operating profit was ¥77 million, compared with an operating loss of ¥62 million in the same period of the previous year.」

「Although the souvenir retail business continued to be affected by calls to refrain from activities because of COVID-19, nationwide reviews of COVID-19 countermeasures progressed, use of prefectural resident discount programs promoted by local governments became more widespread, and the Zenkoji Temple Gokaicho was held in Nagano City after a one-year postponement. Sales were ¥503 million, up 161.3% year on year, and operating profit was ¥64 million, compared with an operating loss of ¥49 million in the same quarter of the previous year.」

「Although the souvenir retail business continued to be affected by calls to refrain from activities because of COVID-19, the easing of activity restrictions and increased use of prefectural resident discount programs promoted by local governments, together with the holding of the Zenkoji Temple Gokaicho in Nagano City after a one-year postponement, contributed to sales of ¥290 million, up 240.4% year on year. Operating profit was ¥51 million, compared with an operating loss of ¥30 million in the same quarter of the previous year.」

「The souvenir retail business saw a sharp decline in tourist numbers during the busy spring and summer seasons because of calls to refrain from going out amid the spread of COVID-19. Tourist numbers recovered from autumn onward after the state of emergency was lifted, but the recovery did not reach the level seen during the previous year's Go To Travel campaign. The business was also affected by contract expiries and the closure of unprofitable stores. Sales were ¥357 million, down 7.5% year on year, and the operating loss was ¥50 million, compared with an operating loss of ¥97 million in the same quarter of the previous year.」

「The souvenir retail business worked to reduce fixed costs, including personnel expenses and rent, in addition to closing or suspending unprofitable stores and shortening operating hours, as domestic tourists fell sharply following calls to refrain from going out amid the spread of COVID-19. However, the closure of some stores upon contract expiry also had an impact」

「Sales in the souvenir retail business were ¥85 million, up 135.2% year on year, and the operating loss was ¥30 million, compared with an operating loss of ¥72 million in the same quarter of the previous year. Results were affected by the sharp decline in domestic tourists caused by calls to refrain from going out amid the spread of COVID-19, as well as the closure of some stores due to contract expiry and business downsizing.」

「The souvenir wholesale business pursued new demand by supplying products that would appeal to local residents as well as tourists, rather than limiting itself to souvenirs, amid a sharp decline in orders caused by the spread of COVID-19. It also developed new sales channels, including by cultivating new customers and establishing an e-commerce-focused sales network. However, the decline in orders weighed on results, with sales of ¥2,656 million, down 56.1% year on year, and an operating loss of ¥350 million, compared with operating profit of ¥255 million in the previous year.」

「The souvenir wholesale business pursued the expansion of sales channels through product development that capitalised on regional characteristics and proposals for original product lines developed by the Company, the development of new business partners and the launch of an e-commerce website, amid a sharp decline in orders due to the spread of COVID-19. Orders temporarily recovered from autumn onward owing to the impact of the Go To Travel campaign, but revenue was ¥2,207 million, down 57.4% year on year, and the business recorded an operating loss of ¥221 million, compared with operating profit of ¥370 million in the same quarter of the previous year.」

「The souvenir wholesale business continued to expand its sales channels through product development drawing on regional characteristics and proposals for collections of original products developed by the company, together with its subsidiaries, as well as developing new customers and opening an e-commerce site, amid a sharp decline in orders caused by the spread of COVID-19. However, sales were ¥1,070 million, down 70.7% year on year, and operating results were an operating loss of ¥262 million, compared with operating profit of ¥288 million in the same quarter of the previous year.」

「Sales were ¥297 million, down 82.4% year on year, and operating results were an operating loss of ¥228 million, compared with operating profit of ¥109 million in the same quarter of the previous year, because customers closed their businesses and orders declined sharply as tourists fell substantially following calls to refrain from going out amid the spread of COVID-19.」

「Sales in the souvenir retail business were ¥869 million, down 14.5% year on year, and the operating loss was ¥5 million, compared with operating profit of ¥8 million in the same quarter of the previous year, as sales increased following new store openings but were affected by the closure of some stores upon contract expiry.」

「Sales in the souvenir retail business were ¥618 million, down 10.7% year on year, as sales increased following new store openings, but were affected by the closure of some stores upon contract expiry」

「Sales in the souvenir retail business were ¥275 million, down 5.5% year on year, and the operating loss was ¥9 million, compared with an operating loss of ¥13 million in the same quarter of the previous year, as visitor numbers increased following new store openings and the long holiday period, but some stores closed because their contracts expired.」

「Sales in the souvenir retail business were ¥1,017 million, down 2.5% year on year, and operating profit was ¥8 million, down 63.3%, due to increases in cost of sales and selling, general and administrative expenses, reflecting the impact of new store openings, store closures and a decline in visitors at some stores.」

「Sales in the souvenir retail business were ¥693 million, down 2.7% year on year, as sales at ハートメモリー信州, which opened in Aeon Mall Matsumoto in mid-September last year, contributed, but were affected by the closure of 八ヶ岳旬粋店 in February this year and a decline in visitors at some stores. Operating profit was ¥8 million, down 53.5%, due to increases in cost of sales and selling, general and administrative expenses.」

「Sales in the souvenir retail business were ¥291 million, down 3.4% year on year, as sales at ハートメモリー信州, which opened in Aeon Mall Matsumoto in mid-September last year, contributed, but were affected by the closure of 八ヶ岳旬粋店 in February this year and a decline in visitors at some stores」

「The souvenir wholesale business continued to expand its sales channels through product development that draws on regional characteristics and proposals for collections of original products developed by the company, together with its subsidiaries, although a decline in visitor numbers was also seen at some tourist destinations. As a result, sales were ¥6,073 million, down 1.3% from the previous consolidated fiscal year, and operating profit was ¥327 million, down 1.8%.」

「The souvenir retail business saw a decline in sales at some stores as visitor numbers fell」

「The souvenir wholesale business continued to expand its sales channels through product development that draws on regional characteristics and proposals for collections of original products developed by the company, together with its subsidiaries, although a decline in visitor numbers was also seen at some tourist destinations」

「Sales in the souvenir retail business were ¥302 million, up 5.1% year on year, as sales at 鎌倉旬粋, which opened in a Kamakura station building in late March this year, contributed despite a decline in visitors at some stores」

「Sales in the souvenir retail business were ¥1,300 million, down 22.3% from the previous consolidated fiscal year, because of the negative post-event reaction at 善光寺旬粋, where sales had risen sharply during the Zenkoji Temple Gokaicho held in Nagano City in the previous fiscal year, and a significant decline in visitors at other stores. Operating profit was ¥0.6 million, down 99.2%, partly because of the opening costs recorded for 鎌倉旬粋, which opened in a Kamakura station building in late March this year.」

「Sales in the souvenir retail business were ¥995 million, down 25.9% year on year, and operating profit was ¥22 million, down 78.3%, due to the negative post-event reaction at 善光寺旬粋店, where sales had risen sharply during the Zenkoji Temple Gokaicho held in Nagano City in April and May last year, as well as a decline in visitors during the autumn and year-end period.」

「Sales were ¥685 million, down 29.7% year on year, and operating profit was ¥21 million, down 75.6%, due to the negative post-event reaction at 善光寺旬粋店, where sales had risen sharply during the Zenkoji Temple Gokaicho held in Nagano City in April and May last year, as well as a decline in visitors during the summer and autumn.」

「Sales were ¥287 million, down 41.5% year on year, because of the negative post-event reaction at 善光寺旬粋店, where sales had risen sharply during the Zenkoji Temple Gokaicho held in Nagano City in April and May last year, as well as an overall decline in sales」