Contribution of stay-at-home demand to earnings improvement in the Other business
First written in FY2021-Q3. 3 of 10 entries say "Advanced", first in FY2021. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024Continued review of non-core businesses and lower sales and profitAnnual report
「The Other segment includes the operation of restaurants. As a result of reviewing non-core businesses, including the insurance agency and gift shops, revenue was ¥51 million, down 78.8% year on year, and operating profit was ¥3 million, down 88.8%.」
While continuing to review non-core businesses, including the insurance agency and gift shops, the Other segment reported substantial declines in revenue and operating profit for the full year. - FY2024-Q3Continued review of non-core businesses and lower sales and profitAnnual report
「The Other segment includes the operation of gift shops and restaurants. As a result of reviewing non-core businesses, including the insurance agency and gift shops, revenue was ¥41 million, down 79.6% year on year, and operating profit was ¥3 million, down 88.5%.」
While continuing to review non-core businesses, including the insurance agency and gift shops, the Other segment reported lower revenue and operating profit than in the same period of the previous year. - FY2024-Q1ReframedAnnual report
「The Other segment includes the operation of gift shops and restaurants. As a result of reviewing non-core businesses, including the insurance agency and gift shops, revenue was ¥12 million, down 84.8% year on year, and operating loss was ¥0 million, compared with operating profit of ¥14 million in the same quarter of the previous year.」
The focus has shifted from the previous explanation centered on stay-at-home demand and the recovery of restaurants to a structure centered on reviewing non-core businesses, including the insurance agency and gift shops, and the Other segment is reporting an operating loss. - FY2023RestatedAnnual report
「Customer traffic at restaurants increased due to the easing of activity restrictions related to COVID-19 and the holding of the Zenkoji Temple Gokaicho event in Nagano. However, following the review of non-core businesses such as insurance agencies, sales were ¥242 million, down 28.2% year on year, while operating profit was ¥29 million, compared with an operating loss of ¥7 million in the previous period.」
The company continues to focus on earnings improvement through the recovery of customer traffic at restaurants and the review of non-core businesses, rather than on stay-at-home demand. - FY2023-Q3RestatedAnnual report
「The Other business includes gift shops and restaurants. Customer traffic at restaurants increased due to the easing of activity restrictions related to COVID-19 and the holding of the Zenkoji Temple Gokaicho event in Nagano. However, following the review of non-core businesses, sales were ¥203 million, down 32.6% year on year, while operating profit was ¥29 million, up 267.6%.」
The company continues to focus on increased restaurant traffic following the easing of activity restrictions and the review of non-core businesses, rather than on the growth in Japanese and Western confectionery sales driven by stay-at-home demand. - FY2023-Q2ReframedAnnual report
「Other businesses include the operation of gift shops and restaurants. At the restaurants, customer numbers increased as restrictions on activities related to COVID-19 were gradually eased and the Zenkoji Temple Gokaicho event was held in Nagano City. However, as we continued to review non-core businesses, including the transfer of the Japanese and Western confectionery retail store business in the previous fiscal year, revenue was ¥124 million, down 45.8% year on year, while operating profit was ¥10 million, up 171.7% year on year.」
The focus of the explanation has shifted from growth in Japanese and Western confectionery sales driven by previous stay-at-home demand to earnings improvement through the review of non-core businesses, including the transfer of the directly operated confectionery store business, and the recovery of customer traffic at restaurants. - FY2022-Q2AdvancedAnnual report
「The Other business includes the operation of gift shops, restaurants, and directly operated Japanese and Western confectionery stores. While sales of Japanese and Western confectionery increased as demand for personal consumption rose amid the COVID-19 pandemic, customer traffic at restaurants remained weak as people refrained from going out and dining out to prevent infection. The increase in closed days at some stores to reduce costs also had an impact. Sales were ¥230 million, up 11.8% year on year, while operating profit was ¥3 million, compared with an operating loss of ¥16 million in the previous quarter.」
Growth in Japanese and Western confectionery sales due to stronger demand for personal consumption and cost reductions increased sales by 11.8% and shifted the business from an operating loss to an operating profit. Meanwhile, weak customer traffic at restaurants continued. - FY2022-Q1AdvancedAnnual report
「The Other business includes the operation of gift shops, restaurants, and directly operated Japanese and Western confectionery stores. While sales of Japanese and Western confectionery increased as demand for personal consumption rose amid the COVID-19 pandemic, customer traffic at restaurants remained weak as people refrained from going out and dining out to prevent infection. Sales were ¥115 million, up 18.0% year on year, while operating profit was ¥5 million, compared with an operating loss of ¥11 million in the previous quarter.」
Growth in Japanese and Western confectionery sales due to stronger demand for personal consumption contributed to 18.0% sales growth in the Other business and its shift from an operating loss to an operating profit. - FY2021AdvancedAnnual report
「Demand for staying at home increased amid the spread of COVID-19, and directly operated stores selling Japanese and Western confectionery performed well. However, the business was affected by temporary store closures and people refraining from dining out. Sales were ¥443 million, up 2.9% year on year, while the operating result was an operating loss of ¥13 million, compared with an operating profit of ¥4 million in the previous period.」
Although strong performance at the directly operated Japanese and Western confectionery stores due to stay-at-home demand was reflected in full-year sales growth of 2.9%, the overall business posted an operating loss due to store closures and people refraining from dining out. - FY2021-Q3First statedAnnual report
「Demand for staying at home increased amid the spread of COVID-19, contributing in part to earnings improvement, but」
The company states that stay-at-home demand amid the spread of COVID-19 contributed in part to earnings improvement in the Other business.