Modest expansion of the children's photography market amid declining birth rates and intensifying competition
First written in FY2018. 1 of 3 entries say "Worsened", first in FY2019. Latest entry: FY2021.
0 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The environment surrounding the photography studio market is showing signs of slowing growth due to the further decline in the birth rate, intensifying competition resulting from an increase in competing stores, and other factors.」
Restates the view that market growth is slowing due to the declining birth rate and an increase in competing stores. - FY2019WorsenedAnnual report
「The environment surrounding the photography studio market is showing signs of slowing growth due to the further decline in the birth rate, intensifying competition resulting from an increase in competing stores, and other factors.」
States that market growth is slowing due to the further decline in the birth rate and intensifying competition. - FY2018First statedAnnual report
「Although the population of children aged up to 10, the target population for photography services, is declining each year due to the falling birth rate, the children's photography market is gradually expanding as utilization rates rise through new store openings and other initiatives. At the same time, the competitive environment is becoming more challenging as the number of increasingly similar competing stores grows.」
Describes a market structure characterized by a declining target population, gradual market expansion and an increase in increasingly similar competing stores.