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Heiwado (8276) · FactReframed

Increased Food Sales and Sluggish Clothing Sales Due to Stay-at-Home Consumption

First written in FY2021-Q1. 5 of 10 entries say "Reframed", first in FY2021-Q3. Latest entry: FY2024-Q1.

10entries
4years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2021-Q1 – FY2021-Q2ReframedFY2021-Q3 – FY2022-Q2RestatedFY2022-Q3 – FY2022ReframedFY2023-Q12020: 320202021: 320212022: 220222023: 22023
Same theme, other companies
Food demand fluctuations driven by stay-at-home and home consumption during COVID-19A theme 17 companies write about · 1 as a headwind · 11 as a tailwind

The whole theme swung hardest in 2023: 5 of 15 companies on the "Worse" side.

1 other company's latest entry also says "Reframed".

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 17 companies compared. The sentences above are computed from all 17.
Full recordFilings, disclosures and news, newest first
  1. FY2024-Q1ReframedAnnual report

    「Sales increased as unit prices rose due to inflation and demand for going out recovered. However, procurement prices for products rose due to supply concerns and trends in raw-material prices, while selling, general and administrative expenses increased, including as a result of soaring utility costs.」

    Conditions shifted from demand fluctuations caused by stay-at-home consumption and restrictions on activities to a situation in which sales increased as demand for going out recovered and unit prices rose due to inflation, while higher procurement prices and utility costs pressured profits.
  2. FY2023RestatedAnnual report

    「In Japan's retail sector, the lifting of restrictions on activities meant that reduced operating hours and closures, as seen in the previous fiscal year, did not occur. However, the business environment has become extremely challenging, with procurement prices for products and utility costs rising due to supply concerns and trends in raw-material prices.」

    The lifting of restrictions on activities eliminated reduced operating hours and closures, while supply concerns, raw-material prices and soaring utility costs again highlighted the challenging environment.
  3. FY2023-Q1ReframedAnnual report

    「Although shortened operating hours and temporary closures like those in the previous fiscal year did not occur following the lifting of activity restrictions, demand has declined for products that had benefited from stay-at-home consumption.」

    While the lifting of restrictions on activities eliminated operating restrictions, conditions shifted to a phase in which demand declined for products that had benefited from stay-at-home consumption.
  4. FY2022RestatedAnnual report

    「In Japan's retail sector, as in the previous fiscal year, food performed solidly due to stay-at-home consumption. However, as its effects ran their course, it was difficult for sales to exceed the previous fiscal year, and competition to attract customers across industries and business formats intensified, resulting in a challenging consumption environment. Meanwhile, in businesses where restrictions were eased compared with the previous fiscal year, the difficult environment continued, but performance improved in the current fiscal year due to a rebound.」

    The full-year disclosure also describes the two-sided situation of support from food-related stay-at-home demand, the difficulty of exceeding the previous year as its effects ran their course, and rebound-driven improvement in businesses where restrictions were eased.
  5. FY2022-Q3RestatedAnnual report

    「As in the previous fiscal year, food performed solidly due to stay-at-home consumption. However, as its effects ran their course, it was difficult for sales to exceed the previous fiscal year, and competition to attract customers across industries and business formats intensified, resulting in a challenging consumption environment. Meanwhile, in businesses where restrictions were eased compared with the previous fiscal year, the difficult environment continued, but performance improved in the current fiscal year due to a rebound.」

    The two-sided situation continued to be described: food-related stay-at-home demand provided support, it became difficult to exceed the previous year as its effects ran their course, and performance improved on a rebound in businesses where restrictions were eased.
  6. FY2022-Q2ReframedAnnual report

    「As in the previous fiscal year, food performed solidly due to stay-at-home consumption. However, as its effects ran their course, it was difficult for sales to exceed the previous fiscal year, while demand remained sluggish and the consumption environment became challenging due to travel restrictions and the cancellation or scaling back of various events. However, in businesses where restrictions were eased compared with the previous fiscal year, the difficult environment continued, but performance improved in the current fiscal year due to a rebound.」

    Food-related stay-at-home demand remained solid, but it became difficult to exceed the previous year as its effects ran their course. In businesses where restrictions were eased, performance improved due to a rebound, reflecting the two-sided nature of the situation.
  7. FY2022-Q1ReframedAnnual report

    「Meanwhile, although stay-at-home consumption still exists, sales of related products fell below the previous fiscal year as its effects ran their course, and the overall business environment remains challenging.」

    While food sales continue to benefit from stay-at-home consumption, its effects have run their course, and conditions have shifted to where sales of related products are below the previous fiscal year.
  8. FY2021-Q3ReframedAnnual report

    「In the retail industry, there were signs of recovery, supported by food-related "stay-at-home consumption" and the effects of various government measures. However, the outlook for demand became more uncertain as infections spread again.」

    In addition to the boost to food sales from stay-at-home consumption, recovery factors related to government measures were noted, while the outlook for demand became uncertain due to the resurgence of infections.
  9. FY2021-Q2RestatedAnnual report

    「In the retail industry, there were some factors supporting sales, particularly food, because of "stay-at-home consumption." However, the consumption environment has become difficult as private consumption stagnated following the consumption-tax rate increase, while demand declined because of movement restrictions and the cancellation or scaling back of various events resulting from the global COVID-19 pandemic.」

    While food sales continue to benefit from stay-at-home consumption, the two-sided impact of declining demand due to travel restrictions and the cancellation or scaling back of events is again evident.
  10. FY2021-Q1First statedAnnual report

    「Although apparel sales were significantly affected by activity restrictions and the declaration of a state of emergency, sales and profits increased as stay-at-home consumption boosted food sales.」

    The company describes a shift by product category in which apparel sales were sluggish under COVID-19, while food sales were boosted by stay-at-home consumption.
Moved together

"Business Environment Instability From Yen Appreciation, Falling Share Prices and Slowing Emerging-Market Economies" moved the same way as this thread, in the same document, in 5 of its 10 moves.

555444★123456
  1. ★This thread
  2. 1Business Environment Instability From Yen Appreciation, Falling Share Prices and Slowing Emerging-Market Economies5×
  3. 2Improved earnings from the transfer of TSUTAYA store operations5×
  4. 3Declining trend in core products5×
  5. 4Fewer Customer Visits and Higher Labor Costs4×
  6. 5Increase in Cash and Cash Equivalents4×
  7. 6Operating Restrictions and Performance Impact from the Spread of COVID-194×

★ 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
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Increased Food Sales and Sluggish Clothing Sales Due to Stay-at-Home Consumption | HEIWADO CO.,LTD. (8276) | Komori