Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>Chiyoda's FY02/26 sales were JPY78.9bn (-1.4% YoY), with operating profit at JPY700mn (-75.2% YoY) non-consolidated.</li><li>FY02/27 forecast: sales JPY82.5bn (+1.4% YoY), operating profit JPY1.4bn (+28.4% YoY), net income JPY1.1bn (+364.1% YoY).</li><li>FY02/26 comparable store sales declined 2.2% YoY, with average customer spend up 3.2% and traffic down 5.3%.</li></ul>

Chiyoda's FY02/26 sales were JPY78.9bn (-1.4% YoY), with operating profit at JPY700mn (-75.2% YoY) non-consolidated.FY02/27 forecast: sales JPY82.5bn (+1.4% YoY), operating profit JPY1.4bn (+28.4% YoY), net income JPY1.1bn (+364.1% YoY).FY02/26 comparable store sales declined 2.2% YoY, with average customer spend up 3.2% and traffic down 5.3%.

Chiyoda Co Ltd (8185 JP): Full-year FY02/26 flash update

Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

<ul>
<li>The footwear retail sector is a one horse race, with that horse being ABC Mart.</li>
<li>It continues to grow at a respectable rate while increasingly diminutive rivals contract.</li>
<li>ABC Mart is expanding further into the apparel category too, providing more room for future growth.</li>
</ul>


The footwear retail sector is a one horse race, with that horse being ABC Mart.
It continues to grow at a respectable rate while increasingly diminutive rivals contract.
ABC Mart is expanding further into the apparel category too, providing more room for future growth.


ABC Mart Extends Lead in Japan's Footwear Market as Competitors Contract

<ul><li>Chiyoda's sales and operating profit declined YoY due to decreased comparable store sales and increased SG&A expenses.</li><li>The company revised its FY02/26 forecast, achieving 75.9% sales, 114.6% operating profit, and 162.5% net income progress.</li><li>Chiyoda's initiatives included expanding private brands, digital marketing, and e-commerce to enhance sales channels and efficiency.</li></ul>

Chiyoda's sales and operating profit declined YoY due to decreased comparable store sales and increased SG&A expenses.The company revised its FY02/26 forecast, achieving 75.9% sales, 114.6% operating profit, and 162.5% net income progress.Chiyoda's initiatives included expanding private brands, digital marketing, and e-commerce to enhance sales channels and efficiency.

Chiyoda Co Ltd (8185 JP): Q3 FY02/26 flash update

<ul>
<li>Japan’s footwear retail sector continues to consolidate and looks increasingly like a one-horse race.</li>
<li>ABC Mart is taking further share through intelligent investment and category expansion. </li>
<li>G-Foot, which almost went under last year, is now being fully absorbed by Aeon, while Chiyoda continues to hope against hope that its private brand investments will finally pay off.</li>
</ul>


Japan’s footwear retail sector continues to consolidate and looks increasingly like a one-horse race.
ABC Mart is taking further share through intelligent investment and category expansion. 
G-Foot, which almost went under last year, is now being fully absorbed by Aeon, while Chiyoda continues to hope against hope that its private brand investments will finally pay off.


No Rival for ABC Mart in Japan's Footwear Market

Thematic (Sector/Industry)

<ul>
<li>Last week in Japan's retail sector: continued weakness in shopping mall development due to both falling demand from tenants and competition from online.</li>
<li>Don Quijote operator, Pan Pacific posted strong results, reflecting high demand from both locals looking for value and tourists browsing for fun.</li>
<li>The retail sector had a record year in FY23, but a big constraint is the labour shortage but, with many fit older Japanese, some employees are now over 80. </li>
</ul>


Last week in Japan's retail sector: continued weakness in shopping mall development due to both falling demand from tenants and competition from online.
Don Quijote operator, Pan Pacific posted strong results, reflecting high demand from both locals looking for value and tourists browsing for fun.
The retail sector had a record year in FY23, but a big constraint is the labour shortage but, with many fit older Japanese, some employees are now over 80. 


Japan's Retail Week: New Malls Slow, Lawson/Muji Get Closer, Donki Booms and Jobs for the over 80s

Japan

CHIYODA CO., LTD. operates specialty store chains including shoes stores, toy stores, and also casual clothe stores nationwide.  The Company sells its shoes under a number of store chains including The SHOES, Kutsu Chiyoda, and SHOE PLAZA.

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Chiyoda Co Ltd (8185 JP)