Profit pressure on the hair and makeup business due to higher costs
First written in FY2023-Q1. 5 of 6 entries say "Materialised", first in FY2023-Q1. Latest entry: FY2024.
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- FY2024MaterialisedAnnual report
「Goodwill relating to subsidiaries whose actual results fell below the business plans prepared at the time of acquisition was tested for impairment. Where the recoverable amount was below the carrying amount, the carrying amount was reduced to the recoverable amount, and the resulting decrease of 3,526 thousand yen was recognized as an impairment loss and recorded as an extraordinary loss.」
Actual results at アーツ株式会社 fell below the business plan prepared at the time of acquisition, and an impairment loss of 3,526 thousand yen on goodwill was recognized. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes in the risk of higher input costs squeezing profits in the Hair and Makeup business. - FY2023MaterialisedAnnual report
「Although revenue in the Studio division remained steady, revenue in the Bridal and Media divisions declined from the prior-year period. Together with higher cost of sales and other factors, this resulted in full-year revenue of ¥370.978 million, down 3.5% year on year, and segment profit of ¥3.360 million, down 83.7%.」
The squeeze on profits caused by higher costs and other factors continued for the full fiscal year, with segment profit in the Hair and Makeup business down 83.7% year on year. - FY2023-Q3MaterialisedAnnual report
「Although the number of weddings recovered in the Bridal division, the impact of higher cost of sales and other factors resulted in revenue of ¥283.237 million for the nine months ended December 31, down 4.2% year on year, and segment profit of ¥6.535 million, down 65.5%.」
The squeeze on Hair and Makeup business profits caused by higher cost of sales and other factors continued into the third quarter, with segment profit down 65.5% year on year. - FY2023-Q2MaterialisedAnnual report
「The number of weddings has been recovering in the Bridal division, while the Studio division has also remained firm. However, due to the impact of higher input costs and other factors, revenue for the cumulative second quarter was 195,900 thousand yen (down 3.6% year on year), and segment profit was 8,069 thousand yen (down 49.4% year on year).」
The squeeze on Hair and Makeup business profits caused by higher input costs and other factors continued into the second quarter, with segment profit down 49.4% year on year. - FY2023-Q1MaterialisedAnnual report
「Due to the impact of higher input costs and other factors, revenue for the cumulative first quarter was 99,129 thousand yen (down 0.0% year on year), and segment profit was 3,408 thousand yen (down 28.0% year on year).」
Higher input costs and other factors affected the Hair and Makeup business, resulting in a 28.0% year-on-year decline in segment profit for the first quarter.