Higher Wholesale Revenue but a Segment Loss
First written in FY2017-Q1. 19 of 35 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-07-31.
Belluna moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 5 of 16 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- 2026-07-31AdvancedEarnings
「In the apparel wholesale business, we carried out the remaining administrative work toward withdrawal during the fiscal year under review.」
Following the policy of withdrawing from the consignment sales model, the company has disclosed that it carried out the remaining work needed for withdrawal during the fiscal year under review. - FY2026ReframedAnnual report
「In apparel wholesale operations, we scaled back the business to avoid increasing inventory risk resulting from the continued contraction of activity by clients, the lack of expected improvement in future profitability, and the predominantly consignment-based sales model. We have also decided to withdraw from wholesale operations based on the consignment sales model going forward.」
The explanation has shifted from pursuing further revenue growth in the wholesale business to scaling back the business and withdrawing from consignment sales because profitability is not expected to improve and the consignment model increases inventory risk. - FY2026-H1MitigatedAnnual report
「Apparel wholesale operations posted lower revenue but higher profit as reductions in client activity continued, while inventory disposal decreased from the same period of the previous year. Travel agency operations posted higher revenue but lower profit as the business was developed with a focus on growth. As a result, revenue was ¥1,335 million, up 5.1% year on year, and segment loss was ¥257 million, compared with a segment loss of ¥299 million in the same period of the previous year.」
Reductions in client activity in apparel wholesale operations continued, but the overall segment loss narrowed from ¥299 million to ¥257 million due in part to lower inventory disposal. - FY2025WorsenedAnnual report
「Apparel wholesale operations posted lower revenue and profit due to reduced sales activity by clients through print media and inventory disposal. Travel agency operations posted higher revenue but lower profit due in part to aggressive advertising aimed at prioritizing growth. As a result, revenue was ¥2,827 million, up 5.6% year on year, and segment loss was ¥399 million, compared with a segment loss of ¥272 million in the same period of the previous year.」
Although travel agency operations generated higher revenue, reduced sales activity and inventory disposal in apparel wholesale operations, together with advertising expenses in travel agency operations, widened segment loss from ¥272 million to ¥399 million. - FY2025-H1WorsenedAnnual report
「Apparel wholesale operations posted lower revenue and profit due to continued reductions in activity by clients and the advance disposal of inventory. Travel agency operations posted higher revenue but lower profit due in part to aggressive advertising aimed at prioritizing growth. As a result, revenue was ¥1,270 million, down 4.5% year on year, and segment loss was ¥299 million, compared with a segment loss of ¥183 million in the same period of the previous year.」
Following the change in reporting segments, other businesses posted lower revenue and a wider loss due to reduced client activity and the advance disposal of inventory in apparel wholesale operations, as well as higher advertising expenses in travel agency operations. - FY2024WorsenedAnnual report
「Restaurant operations posted higher revenue and profit as demand for dining out recovered following the containment of COVID-19 and new outlets were opened. Apparel wholesale operations posted lower revenue and profit because client activity continued to contract. As a result, revenue was ¥3,833 million, down 7.6% year on year, and segment loss was ¥152 million, compared with a segment loss of ¥92 million in the same period of the previous year.」
Restaurant operations improved on the recovery in demand and new outlet openings, while continued reductions in client activity in apparel wholesale operations resulted in lower revenue overall in other businesses and a wider loss from the same period of the previous year. - FY2024-Q3WorsenedAnnual report
「Restaurant operations posted higher revenue and profit as restrictions on activities were eased to prevent the spread of COVID-19. Apparel wholesale operations continued to experience reduced activity by sales outlets, resulting in lower revenue and profit. As a result, revenue was ¥3,032 million, down 7.1% year on year, and segment loss was ¥104 million, compared with a segment loss of ¥70 million in the same period of the previous year.」
Restaurant operations improved, but continued reductions in activity by sales outlets in apparel wholesale operations resulted in lower revenue overall in other businesses, and segment loss also widened. - FY2024-Q2WorsenedAnnual report
「Restaurant operations posted higher revenue and profit as restrictions on activities were eased to prevent the spread of COVID-19. In accommodation booking operations, prices were reviewed due to higher costs at partner hotels. As the response rate showed signs of slowing, the volume of print media issued was reduced, resulting in lower revenue and profit. Apparel wholesale operations continued to experience reduced activity by sales outlets, resulting in lower revenue and profit. As a result, revenue was ¥1,881 million, down 10.0% year on year, and segment loss was ¥143 million, compared with a segment loss of ¥69 million in the same period of the previous year.」
Restaurant operations improved, but higher costs and a slowing response rate in accommodation booking operations, together with reduced activity by sales outlets in apparel wholesale operations, resulted in lower revenue overall in other businesses and a wider loss. - FY2024-Q1WorsenedAnnual report
「Restaurant operations posted higher revenue and profit as restrictions on activities were eased to prevent the spread of COVID-19. Accommodation booking operations posted lower profit because advertising expenses were increased to acquire new customers. Apparel wholesale operations posted lower revenue and profit due to reduced activity by sales outlets and other factors. As a result, revenue was ¥1,132 million, down 11.9% year on year, and segment loss was ¥28 million, compared with segment profit of ¥47 million in the same period of the previous year.」
Restaurant operations improved as restrictions on activities were eased, but higher advertising expenses in accommodation booking operations and reduced activity by sales outlets in apparel wholesale operations resulted in lower revenue overall in other businesses and a shift from profit in the same period of the previous year to a loss. - FY2023-Q3WorsenedAnnual report
「As the impact of the spread of COVID-19 diminished, restaurant operations, accommodation booking operations and other businesses posted significant revenue growth. Apparel wholesale operations, however, struggled. As a result, revenue was ¥3,262 million, up 2.3% year on year, and segment loss was ¥70 million, compared with segment profit of ¥1 million in the same period of the previous year.」
Restaurant and accommodation booking operations generated higher revenue, but struggles in apparel wholesale operations resulted in other businesses shifting from profit in the same period of the previous year to a loss of ¥70 million. - FY2023-Q2WorsenedAnnual report
「As the impact of the spread of COVID-19 diminished, restaurant operations, accommodation booking operations and other businesses posted significant revenue growth. Apparel wholesale operations, however, struggled. As a result, revenue was ¥2,089 million, up 7.8% year on year, and segment loss was ¥69 million, compared with a segment loss of ¥51 million in the same period of the previous year.」
Restaurant and accommodation booking operations generated higher revenue, but struggles in apparel wholesale operations widened segment loss from ¥51 million in the same period of the previous year to ¥69 million. - FY2023-Q1ReframedAnnual report
「As the impact of the spread of COVID-19 diminished, restaurant operations, accommodation booking operations and other businesses posted significant revenue growth. Apparel wholesale operations, however, struggled. As a result, revenue was ¥1,285 million, up 8.0% year on year, while segment profit was ¥47 million, down 23.4%.」
In other businesses, restaurant and accommodation booking operations generated higher revenue as the impact of COVID-19 diminished, while struggles in apparel wholesale operations resulted in higher revenue but lower profit. - FY2022-Q3ReframedAnnual report
「In the first and second quarters, restaurant operations, accommodation booking operations and other businesses struggled due to the spread of COVID-19, although the impact was smaller than in the same period of the previous year. In the third quarter, accommodation bookings declined sharply because the Go To campaign, which had been conducted in the same period of the previous year, was no longer in place. As a result, revenue for the nine months ended the third quarter was ¥3,189 million, down 5.8% year on year, and segment profit was ¥1 million, compared with a segment loss of ¥53 million in the same period of the previous year.」
Although the cumulative result shifted from a loss to profit as the impact of COVID-19 diminished, the end of the Go To campaign created a new performance factor, with accommodation bookings falling sharply in the third quarter. - FY2022-Q2MitigatedAnnual report
「Although restaurant operations, accommodation booking operations and other businesses struggled due to the spread of COVID-19, the impact was smaller than in the same period of the previous year. Revenue was ¥1,937 million, down 2.2% year on year, and segment loss was ¥51 million, compared with a segment loss of ¥159 million in the same period of the previous year.」
The impact of COVID-19 on the restaurant and accommodation booking businesses continued, but the reduced impact narrowed the decline in revenue and segment loss from the same period of the previous year. - FY2022-Q1MitigatedAnnual report
「Although golf course operations, restaurant operations, accommodation booking operations and other businesses struggled due to the spread of COVID-19, the impact was smaller than in the same period of the previous year. Revenue was ¥1,190 million, down 0.3% year on year, and segment profit was ¥62 million, compared with a segment loss of ¥25 million in the same period of the previous year.」
The impact of COVID-19 on the golf course, restaurant and accommodation booking businesses remained, but the reduced impact resulted in a shift from a loss in the same period of the previous year to segment profit. - FY2021MitigatedAnnual report
「At ㈱マイム, which operates the costume rental business, cancellations attributable to the spread of COVID-19 declined compared with the same period of the previous year and the business returned to profitability, among other factors. As a result, revenue was ¥6,281 million (up 5.7% year on year), and segment profit was ¥73 million (compared with a segment loss of ¥392 million in the same period of the previous year).」
Other businesses improved from a loss to segment profit for the full year, due in part to fewer cancellations in the costume rental business. - FY2021-Q3MitigatedAnnual report
「Golf course operations, restaurant operations, accommodation booking operations and other businesses struggled due to the spread of COVID-19. Revenue was ¥3,607 million, down 9.8% year on year, and segment loss was ¥703 million, compared with a segment loss of ¥746 million in the same period of the previous year.」
In other businesses, the impact of COVID-19 continued, while segment loss narrowed from ¥746 million in the same period of the previous year to ¥703 million. - FY2021-Q2WorsenedAnnual report
「Golf course operations, restaurant operations, accommodation booking operations and other businesses struggled due to the spread of COVID-19. Revenue was ¥2,077 million, down 15.3% year on year, and segment loss was ¥568 million, compared with a segment loss of ¥542 million in the same period of the previous year.」
In other businesses, in addition to the existing wholesale and costume rental businesses, the golf course, restaurant and accommodation booking businesses struggled due to the impact of COVID-19, resulting in lower revenue and a wider loss. - FY2021-Q1WorsenedAnnual report
「㈱エルドラド, which operates golf courses and restaurants, struggled due to the spread of COVID-19. Revenue was ¥1,209 million, down 13.2% year on year, and segment loss was ¥246 million, compared with a segment loss of ¥232 million in the same period of the previous year.」
In other businesses, unlike the upfront costs previously associated with the wholesale and costume rental businesses, ㈱エルドラド's struggles in its golf course and restaurant operations were identified as factors behind the revenue decline and widening loss. - FY2020-Q3WorsenedAnnual report
「Although フレンドリー㈱, which operates the wholesale business, struggled due to the withdrawal of a major client from its business and other factors, interior sales in our wholesale business remained strong. Revenue was ¥3,997 million, up 0.1% year on year. Meanwhile, the expansion of the costume rental business, where costs are incurred ahead of revenue, resulted in a segment loss of ¥746 million, compared with a segment loss of ¥659 million in the same period of the previous year.」
Revenue increased on interior sales, but segment loss widened from the same period of the previous year due to フレンドリー㈱'s struggles and upfront costs for the costume rental business. - FY2020-Q2WorsenedAnnual report
「Although フレンドリー㈱, which operates the wholesale business, struggled due to the withdrawal of a major client from its business and other factors, interior sales in our wholesale business remained strong. Revenue was ¥2,453 million, up 5.1% year on year. Meanwhile, the expansion of the costume rental business, where costs are incurred ahead of revenue, resulted in a segment loss of ¥542 million, compared with a segment loss of ¥526 million in the same period of the previous year.」
Revenue increased on interior sales, but segment loss widened from the same period of the previous year due to フレンドリー㈱'s struggles and upfront costs for the costume rental business. - FY2020-Q1WorsenedAnnual report
「フレンドリー㈱, which operates the wholesale business, struggled due to the withdrawal of a major client from its business and other factors. Revenue was ¥1,393 million, down 0.5% year on year, and segment loss was ¥232 million, compared with a segment loss of ¥170 million in the same period of the previous year.」
The wholesale business struggled following a major client's withdrawal from its business, while revenue in other businesses declined. Segment loss widened from ¥170 million in the same period of the previous year to ¥232 million. - FY2019MitigatedAnnual report
「Although revenue increased on growth in the wholesale business and other operations, revenue was ¥6,912 million (up 6.2% year on year), and segment profit was ¥237 million (up 7.7%).」
Other businesses, which had continued to post losses despite higher revenue, recorded segment profit of ¥237 million for the full year, improving from a loss-making position. - FY2019-Q3WorsenedAnnual report
「Revenue from the wholesale business and other operations increased, resulting in revenue of ¥3,993 million, up 7.6% year on year. However, due mainly to the costume rental business, where costs are incurred ahead of revenue, the segment loss was ¥659 million, compared with a segment loss of ¥534 million in the same period of the previous year.」
Revenue from the wholesale business and other operations continues to increase, but segment loss has widened from the same period of the previous year due to upfront costs for the costume rental business and other factors. - FY2019-Q2WorsenedAnnual report
「Revenue from the wholesale business and other operations increased, resulting in revenue of ¥2,334 million, up 6.0% year on year. However, due mainly to the costume rental business, where costs are incurred ahead of revenue, the segment loss was ¥526 million, compared with a segment loss of ¥453 million in the same period of the previous year.」
Although revenue from the wholesale business and other operations continued to increase, the loss widened from the same period of the previous year due mainly to upfront costs in the costume rental business. - FY2019-Q1WorsenedAnnual report
「Revenue from the wholesale business and other operations increased, resulting in revenue of ¥1,401 million, up 7.4% year on year. Segment loss, however, was ¥170 million, compared with a segment loss of ¥144 million in the same period of the previous year.」
Although revenue from the wholesale business and other operations continued to increase, the segment loss in other businesses widened from ¥144 million in the same period of the previous year to ¥170 million. - FY2018MitigatedAnnual report
「Although revenue increased on growth in the wholesale business and other operations, revenue was ¥6,511 million (up 7.6% year on year), and segment profit was ¥220 million (up 12.0%).」
Compared with previous disclosures of higher revenue accompanied by a loss, other businesses reported higher revenue and profit for the full fiscal year and recorded segment profit. - FY2018-Q3MitigatedAnnual report
「Although revenue increased on growth in the wholesale business and other operations, revenue was ¥3,710 million (up 18.3% year on year), while the segment posted a loss of ¥534 million due to seasonal factors in the costume rental business (compared with a segment loss of ¥609 million in the same period of the previous year).」
Other businesses continued to report higher revenue, while the segment loss narrowed from ¥609 million in the same period of the previous year to ¥534 million. However, the loss itself continued. - FY2018-Q2MitigatedAnnual report
「Although revenue increased on growth in the wholesale business and other operations, revenue was ¥2,202 million (up 17.9% year on year), while the segment posted a loss of ¥453 million due to seasonal factors in the costume rental business (compared with a segment loss of ¥457 million in the same period of the previous year).」
Other businesses continued to report higher revenue, while the segment loss narrowed slightly from ¥457 million in the same period of the previous year to ¥453 million. However, the loss itself continued. - FY2018-Q1WorsenedAnnual report
「Although revenue increased on growth in the wholesale business and other operations, revenue was ¥1,304 million (up 18.4% year on year), while the segment posted a loss of ¥144 million due to seasonal factors in the costume rental business (compared with a segment loss of ¥101 million in the same period of the previous year).」
Other businesses continued to report higher revenue, while the segment loss widened from ¥101 million in the same period of the previous year to ¥144 million. The loss was attributed to seasonal factors in the costume rental business. - FY2017-Q3WorsenedAnnual report
「Revenue from the wholesale business and other operations increased, resulting in revenue of ¥2,853 million, up 9.1% year on year, and a segment loss of ¥89 million, compared with a segment loss of ¥23 million in the same period of the previous year.」
Although revenue continued to increase, the segment loss in other businesses widened from ¥23 million in the same period of the previous year to ¥89 million. - FY2017-Q2WorsenedAnnual report
「Revenue from the wholesale business and other operations increased, resulting in revenue of ¥1,768 million, up 17.5% year on year, and a segment loss of ¥139 million, compared with a segment loss of ¥67 million in the same period of the previous year.」
Although revenue increased, the segment loss in other businesses widened from ¥67 million in the same period of the previous year to ¥139 million. - FY2017-Q1First statedAnnual report
「Revenue from the wholesale business and other operations increased 24.6% year on year to ¥1,076 million, but segment profit was a loss of ¥27 million, compared with segment profit of ¥16 million in the same period of the previous year.」
Other businesses generated higher revenue but moved into a loss.