2019/3 | 2020/3 | 2021/3 | 2022/3 | 2023/3 | |
---|---|---|---|---|---|
Net Sales (Millions of Yen) | 26,368 | 23,596 | 17,299 | 24,609 | 28,218 |
Operating Income (Millions of Yen) | △124 | △750 | △2,527 | △1,771 | △481 |
Ordinary Income (Millions of Yen) | 259 | △360 | △2,204 | △1,615 | △378 |
Net Income (Millions of Yen) | △690 | △1,457 | △4,513 | △3,544 | 6,757 |
Net Income per Share (Yen) | △20.69 | △44.93 | △138.62 | △108.37 | 207.46 |
Net Assets per Share (Yen) | 487.10 | 421.40 | 291.23 | 209.89 | 442.30 |
Net Sales by Business (Millions of Yen) | |||||
Clothing Business | 22,647 | 19,915 | 14,263 | 21,886 | 25,363 |
Real Estate and Leasing | 3,763 | 3,726 | 3,084 | 2,774 | 2,895 |
Consolidated Adjustment | △42 | △44 | △48 | △52 | △41 |
Total | 26,368 | 23,596 | 17,299 | 24,609 | 28,218 |
Net Sales
(Millions of Yen)
Operating Income
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Ordinary Income
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Net Income
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Net Income per Share
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Net Assets per Share
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Summary of Business Operating Results by Business (consolidated)
Fiscal year ended March 2023
Clothing Business
For our retail business, while the impact of citywide lockdowns in China affected our stores primarily within Shanghai, customer numbers increased in Japan, which resulted in an increase in sales compared to the previous fiscal year.
Our manufacturing divisions saw a recovery in orders from partner companies, which resulted in an increase in sales compared to the previous fiscal year.
Real Estate and Leasing Business
The Dynacity commercial complex in Odawara underwent a partial renovation to its facilities to attract tenants in new lines of business. The number of customers visiting the complex increased and thereby increased sales at our stores, which resulted in an increase in sales compared to the previous fiscal year.
With respect to office buildings, we made progress in increasing our operational efficiency such as by switching over certain areas into those that can be leased to outside tenants. We also completed the sale of our main office building, which had been deteriorating, as part of our goal to implement a recomposition of the assets that we hold.
Financial Situation (consolidated)
Fiscal year ended March 2023
Total Assets
While buildings, structures, and land holdings decreased, we saw increases in our cash on hand and deposits, accounts receivable, and works in progress. This resulted in total assets of JPY 39,762 million, an increase of JPY 7,964 million compared to the end of the previous fiscal period.
Total Liabilities
Total liabilities were JPY 25,258 million, an increase of JPY 1,174 million compared to the end of the previous fiscal period. This change was due to factors such as increases in notes and accounts payable, accrued income taxes, and deferred tax liabilities, despite decreases in short- and long-term loans payable.
Net Assets
Net assets were JPY 14,503 million, an increase of JPY 6,790 million compared to the end of the previous fiscal period, with a capital-to-asset ratio of 34.4% (up from 21.6% at the end of the previous fiscal period). This change was due to factors such as higher accumulated earnings, treasury stock reductions, and the effects of the valuation of owned marketable securities.