Intensifying Competition and Changes in Store Locations in Overseas Eyewear Sales
First written in FY2017. 15 of 29 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1DroppedAnnual report
「Based on a resolution of the Board of Directors meeting held on 28 November 2022, our consolidated subsidiary Beijing Aigan Optical Co., Ltd. had been proceeding with various procedures for dissolution and liquidation in accordance with local laws and regulations, and the liquidation was completed on 20 August 2024.」
The liquidation of the Beijing subsidiary was completed on 20 August 2024, bringing to an end the business operating risk associated with intensifying competition and changes in the operating environment for overseas eyewear sales. - FY2024Sharp revenue decline and continued losses amid ongoing liquidation proceduresAnnual report
「As a result, revenue was ¥10 million, down 89.1% year on year, and the segment loss was ¥24 million, compared with a segment loss of ¥44 million in the previous fiscal year.」
Although revenue fell sharply as liquidation procedures continued, the segment loss narrowed from ¥44 million in the previous fiscal year to ¥24 million. - FY2024-Q3Sharp revenue decline and continued losses amid ongoing liquidation proceduresAnnual report
「As a result, revenue was ¥8 million, down 90.5% year on year, and the segment loss was ¥22 million, compared with a segment loss of ¥26 million in the same quarter of the previous year.」
While dissolution and liquidation procedures for the Beijing subsidiary continued, revenue from the overseas eyewear sales business fell 90.5% year on year, and the segment continued to record a loss of ¥22 million. - FY2024-Q2WorsenedAnnual report
「Based on a resolution of the Board of Directors meeting held on 28 November 2022, our consolidated subsidiary Beijing Aigan Optical Co., Ltd. is currently proceeding with various procedures for dissolution and liquidation in accordance with local laws and regulations. The date of completion of the final liquidation has not been determined. As a result, revenue was ¥5 million, down 89.0% year on year, and the segment loss was ¥20 million, compared with a segment loss of ¥23 million in the same quarter of the previous year.」
While dissolution and liquidation procedures for the Beijing subsidiary continued, revenue from the overseas eyewear sales business fell 89.0% year on year, and the segment remained loss-making, with a loss of ¥20 million. - FY2024-Q1WorsenedAnnual report
「As a result, revenue was ¥2 million, compared with revenue of ¥26 million in the same quarter of the previous year, and the segment loss was ¥17 million, compared with a segment loss of ¥9 million in the same quarter of the previous year.」
The overseas eyewear sales business recorded a substantial year-on-year decline in revenue, and the segment loss increased from ¥9 million to ¥17 million. - FY2023WorsenedAnnual report
「Strict restrictions on movement under the zero-COVID policy disrupted operations, including through intermittent temporary closures. Although the company worked to streamline its operating structure and reduce operating expenses, it determined that continuing the business would be difficult and, at a Board of Directors meeting held on 28 November 2022, resolved to dissolve and liquidate its consolidated subsidiary Beijing Aigan Optical Co., Ltd.」
Continuing disruption to operations caused by movement restrictions in China led to the determination that continuing the business would be difficult and to the resolution to dissolve and liquidate the subsidiary. - FY2023-Q3WorsenedAnnual report
「As of 30 September 2022, the overseas eyewear sales business operated 6 stores in Beijing and Tianjin, comprising directly operated and franchised stores. Strict government controls on movement continued under the zero-COVID policy, disrupting operations through intermittent temporary closures. The company worked to reduce operating expenses by reviewing sales initiatives and streamlining its operating structure. As a result, revenue was ¥84 million, down 11.4% year on year, and the segment loss was ¥26 million, compared with a segment loss of ¥11 million in the same quarter of the previous year.」
The zero-COVID policy and intermittent temporary closures resulted in lower revenue with 6 stores, and the segment loss increased from ¥11 million to ¥26 million. - FY2023-Q2WorsenedAnnual report
「The overseas eyewear sales business operated 7 stores in Beijing and Tianjin, comprising directly operated and franchised stores. Strict government controls on movement continued under the zero-COVID policy, disrupting operations through intermittent temporary closures. The company worked to reduce operating expenses by reviewing sales initiatives and streamlining its operating structure. As a result, revenue was ¥46 million, down 25.0% year on year, and the segment loss was ¥23 million, compared with a segment loss of ¥8 million in the same quarter of the previous year.」
Strict movement controls and intermittent temporary closures under China's zero-COVID policy disrupted operations, causing revenue to fall 25.0% year on year and the segment loss to increase from ¥8 million to ¥23 million. - FY2023-Q1WorsenedAnnual report
「In the region, strict restrictions on movement based on the government's zero-COVID policy continued as part of efforts to contain the virus, disrupting business operations. As a result, revenue was ¥26 million, down 12.7% year on year, and the segment loss was ¥9 million, compared with a segment loss of ¥3 million in the same quarter of the previous year.」
Restrictions on movement under China's zero-COVID policy disrupted business operations, resulting in lower revenue and an increase in the segment loss. - FY2022MitigatedAnnual report
「As a result, revenue was ¥122 million, compared with ¥99 million in the previous fiscal year, and the segment loss was ¥15 million, compared with a segment loss of ¥17 million in the previous fiscal year.」
The overseas eyewear sales business in China recorded higher revenue, and the segment loss narrowed from ¥17 million to ¥15 million. - FY2022-Q3MitigatedAnnual report
「As a result, revenue was ¥95 million, compared with ¥69 million in the same quarter of the previous year, and the segment loss was ¥11 million, compared with a segment loss of ¥18 million in the same quarter of the previous year.」
While continuing operations with caution regarding the pandemic in China, the overseas eyewear sales business recorded higher revenue, and the segment loss narrowed from ¥18 million to ¥11 million. - FY2022-Q2MitigatedAnnual report
「As a result, revenue was ¥61 million, compared with ¥40 million in the same quarter of the previous year, and the segment loss was ¥8 million, compared with a segment loss of ¥15 million in the same quarter of the previous year.」
While continuing operations with caution regarding the pandemic in China, the overseas eyewear sales business recorded higher revenue, and the segment loss narrowed from ¥15 million to ¥8 million. - FY2022-Q1MitigatedAnnual report
「As a result, revenue was ¥30 million, compared with ¥16 million in the same quarter of the previous year, and the segment loss was ¥3 million, compared with a segment loss of ¥10 million in the same quarter of the previous year.」
As the impact of the pandemic in China was generally subsiding, the overseas eyewear sales business recorded higher revenue and a smaller segment loss. - FY2021-Q3WorsenedAnnual report
「The directly operated and franchised stores of the overseas eyewear sales business in Beijing and Tianjin were affected by local COVID-19 prevention policies, resulting in a sharp decline in customer traffic. Although customer traffic recovered as conditions improved from May 2020, it had not yet fully recovered. In addition, the number of directly operated stores decreased from 5 to 4.」
Customer traffic in China did not fully recover, and the number of directly operated stores decreased from 5 to 4. Revenue fell 40.0% year on year, and the segment loss was ¥18 million. - FY2021-Q2WorsenedAnnual report
「The overseas eyewear sales business was affected by the spread of COVID-19 in China. At directly operated and franchised stores in Beijing and Tianjin, customer traffic fell sharply due to restrictions on residents' movement. Although the spread of COVID-19 had passed its worst point by May and customer traffic gradually recovered thereafter, revenue was ¥40 million, down 46.4% year on year, and the segment loss was ¥15 million, compared with a segment loss of ¥5 million in the same quarter of the previous year.」
The spread of COVID-19 and restrictions on movement in China caused a sharp decline in customer traffic. Although a recovery trend emerged from May, revenue fell 46.4% year on year and the segment loss increased to ¥15 million. - FY2021-Q1WorsenedAnnual report
「The overseas eyewear sales business was affected by the spread of COVID-19 in China. At directly operated and franchised stores in Beijing and Tianjin, customer traffic fell sharply from January due to restrictions on residents' movement.」
The spread of COVID-19 and restrictions on movement caused a sharp decline in customer traffic. Revenue fell 57.2% year on year, and the segment loss was ¥10 million. - FY2020MitigatedAnnual report
「As a result, revenue was ¥148 million, up 1.1% year on year, and the segment loss was ¥9 million, compared with a segment loss of ¥13 million in the previous fiscal year.」
Although the competitive environment in China remained challenging, full-year revenue increased 1.1% year on year, and the segment loss narrowed from ¥13 million to ¥9 million. - FY2020-Q3MitigatedAnnual report
「As a result, revenue was ¥115 million, up 1.8% year on year, and the segment loss was ¥5 million, compared with a segment loss of ¥9 million in the same quarter of the previous year.」
Although the competitive environment in China remained challenging, revenue increased 1.8% year on year, and the segment loss narrowed from ¥9 million to ¥5 million. - FY2020-Q2RestatedAnnual report
「Although the competitive environment in China remained challenging, the company worked to improve profitability by strengthening the product lineup of Aigan private-label products and Made-in-Japan products to attract more customers. As a result, revenue was ¥75 million, down 0.5% year on year, and the segment loss was ¥5 million, compared with a segment loss of ¥6 million in the same quarter of the previous year.」
Although the challenging competitive environment in China and losses in the store business continued, the company worked to improve profitability by strengthening the product lineup of Aigan private-label products and Made-in-Japan products. - FY2020-Q1RestatedAnnual report
「Although the competitive environment in China remained challenging, the company worked to improve profitability by strengthening merchandising, primarily through its Aigan private-label products and Made-in-Japan products.」
Continued to describe the challenging competitive environment in China. Although revenue and the loss improved from the same period of the previous year through profitability improvement measures, the competitive risk itself continued. - FY2019RestatedAnnual report
「Although the competitive environment in China remained challenging, the decline in the number of franchise stores also affected revenue, which was ¥146 million, down 6.6% year on year. The segment loss was ¥13 million, unchanged from the previous fiscal year.」
Described for the full year the decline in revenue caused by the challenging competitive environment in China and the decline in the number of stores, as well as the continued segment loss. - FY2019-Q3WorsenedAnnual report
「Although the competitive environment in China remained challenging and the company worked to improve profitability, revenue was ¥113 million, down 5.9% year on year, as the number of stores declined, and the segment loss was ¥9 million, compared with a segment loss of ¥8 million in the same quarter of the previous year.」
The challenging competitive environment in China and the decline in the number of stores continued. Revenue fell 5.9% year on year, and the segment loss increased to ¥9 million. - FY2019-Q2RestatedAnnual report
「Although the competitive environment in China remained challenging and the company worked to improve the profitability of existing stores, revenue was ¥75 million, down 4.0% year on year, as the number of stores declined, and the segment loss was ¥6 million, unchanged from the same quarter of the previous year.」
Described the decline in revenue caused by the challenging competitive environment in China and the decline in the number of stores, as well as the continued segment loss. - FY2019-Q1WorsenedAnnual report
「Although the business environment for the overseas eyewear sales business remained challenging and the company worked to improve the profitability of existing stores, revenue was ¥35 million, down 12.0% year on year, as the number of stores declined, and the segment loss was ¥4 million, compared with a segment loss of ¥3 million in the same quarter of the previous year.」
The challenging business environment and decline in the number of stores continued. Revenue fell 12.0% year on year, and the segment loss increased to ¥4 million. - FY2018WorsenedAnnual report
「Although the business environment remained challenging, the company worked to revitalize existing stores, expand its product lineup and improve profitability. However, as the number of stores declined, revenue was ¥157 million, down 10.6% year on year, and the segment loss was ¥13 million, unchanged from the previous fiscal year.」
Although the company worked to revitalize existing stores and expand its product lineup, full-year revenue fell 10.6% year on year due to the decline in the number of stores, and the loss continued. - FY2018-Q3WorsenedAnnual report
「Although the business environment for the overseas eyewear sales business remained challenging, the company worked to expand its product lineup and improve profitability. However, as the number of stores declined, revenue was ¥120 million, down 13.8% year on year, and the segment loss was ¥8 million, compared with a segment loss of ¥6 million in the same quarter of the previous year.」
Although the company worked to improve profitability by expanding its product lineup and through other measures, the decline in the number of stores continued. Revenue fell 13.8% year on year, and the segment loss increased to ¥8 million. - FY2018-Q2WorsenedAnnual report
「Although the business environment for the overseas eyewear sales business remained challenging, the company worked to expand its product lineup and improve profitability. However, as the number of stores declined, revenue was ¥78 million, down 15.2% year on year, and the segment loss was ¥6 million, compared with a segment loss of ¥5 million in the same quarter of the previous year.」
The challenging business environment and decline in the number of stores continued. Revenue fell 15.2% year on year, and the segment loss increased to ¥6 million. - FY2018-Q1WorsenedAnnual report
「Although the business environment for the overseas eyewear sales business remained challenging and the company worked to improve the profitability of existing stores, revenue fell to ¥40 million, down 18.6% year on year, as the number of stores declined, and the segment loss was ¥3 million, compared with a segment loss of ¥0 million in the same quarter of the previous year.」
Described how the continued challenging business environment and decline in the number of stores resulted in an 18.6% year-on-year decline in revenue and an increase in the segment loss to ¥3 million. - FY2017First statedAnnual report
「As the number of eyewear retailers increased in the markets where stores were located, intensifying sales competition, and changes in the retail environment also had an impact, revenue from the overseas eyewear sales business was ¥176 million, down 7.7% year on year, and the segment loss was ¥13 million, compared with a segment loss of ¥20 million in the previous fiscal year.」
Described how intensifying competition and changes in the retail environment affected revenue and the segment loss in the overseas eyewear sales business.