Strengthening fashion e-commerce by making la belle vie a wholly owned subsidiary
First written in FY2024-Q1. 4 of 6 entries say "Advanced", first in FY2024-Q3. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Merchandise sales revenue in the merchandise sales business increased by ¥634 million, or 1.9%, from the previous consolidated fiscal year to ¥34,047 million, due in part to strong apparel sales at la belle vie Co., Ltd.」
Even after la belle vie's business environment deteriorated and its assets were impaired, apparel sales remained strong in the merchandise sales business, and merchandise sales revenue increased 1.9%. - FY2025AdvancedAnnual report
「Merchandise sales revenue increased by ¥10,108 million, or 43.4%, from the previous consolidated fiscal year to ¥33,412 million.」
Merchandise sales revenue increased 43.4% due to the consolidation of la belle vie and Rights-In as subsidiaries and strong sales of program character merchandise. - FY2025-H1AdvancedAnnual report
「Merchandise sales revenue increased by ¥7,874 million, or 89.8%, from the same period of the previous year to ¥16,646 million, reflecting the consolidation of la belle vie㈱ during the first quarter of the previous fiscal year and ㈱ライツ・イン from the first quarter, as well as strong sales of program character merchandise and other products.」
The expansion of the merchandise sales business, including the consolidation of la belle vie as a subsidiary, together with strong sales of program character merchandise and other products, was reflected in higher merchandise sales revenue. - FY2024WorsenedAnnual report
「La belle vie's business environment deteriorated significantly during the current consolidated fiscal year, affected by customers returning to physical stores after the reclassification of COVID-19 as a Class 5 infectious disease and difficulties procuring inventory due to the rapid depreciation of the yen, among other factors.」
After la belle vie became a wholly owned subsidiary, its business environment deteriorated due to the return to physical stores, the weaker yen and other factors, resulting in a full impairment of goodwill and other assets. - FY2024-Q3AdvancedAnnual report
「Merchandise sales revenue increased by ¥1,588 million, or 10.9%, from the same quarter of the previous year to ¥16,183 million, due to the consolidation of la belle vie Co., Ltd., which operates a fashion e-commerce site, as a subsidiary.」
After la belle vie became a consolidated subsidiary, merchandise sales revenue increased 10.9% year on year, reflecting the expansion of the merchandise sales business through fashion e-commerce. - FY2024-Q1First statedAnnual report
「To strengthen its e-commerce business, which improves convenience for consumers, and develop a goods sales business that enriches people's lives, the company made la belle vie, a major fashion e-commerce site, a wholly owned subsidiary.」
On 19 May 2023, all shares of la belle vie Co., Ltd. were acquired. The acquisition cost was ¥10,000 million, with the objective of strengthening e-commerce and expanding the merchandise sales business.