Intensifying Competition Due to Low Barriers to Entry and New Entrants, Including Companies from Other Industries
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2019.
1 other company's latest entry also says "Restated".
- FY2019RestatedAnnual report
「Entry into the funeral services industry by companies from other industries and the rise of portal sites that introduce and arrange funeral services have been accelerating. In addition, competitors in the same industry have been actively opening new facilities, resulting in increasingly severe competition even within the markets where the Group operates its facilities」
The intensification of competition due to entry by companies from other industries, portal sites and new facilities opened by competitors in the same industry continues to be disclosed. - FY2018RestatedAnnual report
「Entry into the funeral services industry by companies from other industries and the rise of portal sites that introduce and arrange funeral services have been accelerating. In addition, competitors in the same industry have been actively opening new facilities, resulting in increasingly severe competition even within the markets where the Group operates its facilities」
The intensification of competition due to entry by companies from other industries, portal sites and new facilities opened by competitors in the same industry continues to be disclosed. - FY2017WorsenedAnnual report
「Entry into the industry by companies from other industries and the rise of portal sites that introduce and arrange funeral services have been accelerating. In addition, competitors in the same industry have been actively opening new facilities, resulting in increasingly severe competition even within the markets where the Group operates its facilities」
It was disclosed that competition is intensifying due to entry by companies from other industries, the rise of funeral portal sites and the active opening of new facilities by competitors. - FY2016First statedAnnual report
「The funeral services industry is not subject to legal regulation and requires no significant initial investment, making entry by new competitors relatively easy.」
Intensifying competition from entrants from other industries, including railway companies, agricultural cooperatives and consumer cooperatives, in addition to mutual-aid associations for ceremonial occasions, was identified as a risk.