- Investor Relations
- President’s Message
BOOKOFF began as a store with approximately 115 square meters of floor space in a residential area of Sagamihara, Kanagawa Prefecture in 1990. Since then, the Group has grown to include roughly 80 franchisees, and currently operates roughly 800 stores in Japan and overseas.
Our corporate philosophy has two components: “Contributing to the economic and social development through our corporate activities” and “Providing opportunities for fulfillment both professionally and personally to all our dedicated employees.”
For the fiscal year ended March 31, 2018, consolidated net sales declined 1.6% from the previous fiscal year, to ¥80,049 million, while operating profit grew 426.6%, to ¥613 million, ordinary profit rose 85.6%, to ¥1,092 million, and profit (loss) attributable to owners of parent was a loss of ¥889 million, compared with a ¥1,159 million loss in the previous year.
Having designated two key initiatives for the fiscal year — Make the Reuse Store Business more profitable and Significantly alter the HUGALL Business — our focus was on quickly improving and stabilizing Group earnings as we laid the foundation for the pursuit of future growth strategies.
Accordingly, the Reuse Store Business continued to implement various expense reductions initiated in the fiscal year ended March 31, 2017, and this resulted in a large increase in operating profit.
Both sales and profit declined at the BOOKOFF Online Business, from a large reduction in inventories from the previous fiscal year, when the online business’s products were integrated with the store business’s products.
The HUGALL Business implemented major reforms, including a reduction of large-scale distribution warehouses and the termination of the Tokyo Reuse Apparel special event sales business. With the functional integration with the BOOKOFF Online Business, we have created a single sales channel within the Group that will lead to enhanced future profitability.
We have also formulated a set of medium-term management policies as we celebrate our 30th anniversary in the fiscal year ending March 31, 2021. These policies seek to mark a return to our corporate philosophy with a mission of “Be a source of enjoyable and enriching lives for as many people as possible.”
Based on this mission, we will leverage our strengths in the growing reuse market as a leading reuse company focusing on books, with the aim of responding to changes around the world to become the reuse store network with the largest number of customers.
We appreciate your continued support and encouragement.