Soaring product procurement costs due to yen depreciation and higher resource prices, and rising SG&A expenses
First written in FY2023-Q1. 6 of 8 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 64 of 103 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In the home improvement retail industry, despite the persistently intense competitive environment, conditions remained challenging due in part to higher product purchase prices against a backdrop of rising prices and increased selling, general and administrative expenses, including personnel and utility costs.」
The challenging industry environment caused by intense competition, higher product purchase prices and increased SG&A expenses, including personnel and utility costs, continues. - FY2025-H1RestatedAnnual report
「The outlook remains uncertain due to rising prices caused by yen depreciation and surging global resource prices, worsening conditions in the Middle East, the prolonged situation in Ukraine and other factors.」
The company continues to disclose uncertainty arising from rising prices due to yen depreciation and higher resource prices, together with geopolitical conditions. - FY2024-Q3RestatedAnnual report
「The home improvement retail industry remains in a fiercely competitive environment, with higher procurement prices for merchandise due to inflation, increases in selling, general and administrative expenses, and the effects of unusually adverse weather, and conditions remain difficult.」
As higher product purchase prices and increased SG&A expenses against a backdrop of rising prices continue, unusually unfavourable weather has added to the factors sustaining the challenging industry environment. - FY2024-Q2RestatedAnnual report
「The home improvement retail industry remains in a fiercely competitive environment, with higher procurement prices for merchandise due to inflation, increases in selling, general and administrative expenses, and the effects of unusually adverse weather, and conditions remain difficult.」
As higher product purchase prices and increased SG&A expenses against a backdrop of rising prices continue, unfavourable weather has added to the factors sustaining the challenging industry environment. - FY2024-Q1RestatedAnnual report
「The home improvement retail industry remains in a fiercely competitive environment, with higher procurement prices for merchandise due to inflation and increases in selling, general and administrative expenses, and conditions remain difficult.」
Higher product purchase prices and increased selling, general and administrative expenses against a backdrop of rising prices continue to contribute to the challenging conditions in the home improvement retail industry. - FY2023-Q3RestatedAnnual report
「Raw material and energy prices have continued to rise against a backdrop of the ongoing unstable situation in Ukraine and economic conditions characterised by yen depreciation, and the outlook remains uncertain.」
Raw material and energy prices continue to rise against a backdrop of the situation in Ukraine and a trend toward yen depreciation, while uncertainty about the outlook persists. - FY2023-Q2WorsenedAnnual report
「In the home improvement retail industry, while demand for staying at home associated with the spread of COVID-19 was settling down, conditions remained challenging due in part to higher product purchase prices against a backdrop of yen depreciation and higher resource prices, as well as rising selling, general and administrative expenses.」
The company states that, in addition to higher product purchase prices against a backdrop of yen depreciation and higher resource prices, selling, general and administrative expenses continue to rise, maintaining and providing greater detail on the challenging industry environment. - FY2023-Q1First statedAnnual report
「In the home improvement retail industry, while demand for staying at home associated with the spread of COVID-19 was settling down, conditions remained challenging due in part to higher product purchase prices against a backdrop of yen depreciation and higher resource prices, as well as increased selling, general and administrative expenses.」
For the first time, the company independently records higher product purchase prices and increased selling, general and administrative expenses against a backdrop of yen depreciation and higher resource prices as specific factors contributing to the industry’s challenging conditions.