Intensifying Competition Driven by New Entrants from Other Industries and the Increase in Fixed-Price Sales Sections
First written in FY2016. 2 of 5 entries say "Worsened", first in FY2017. Latest entry: FY2020.
Can Do moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2018: 16 of 40 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The operating environment surrounding the Group was expected to remain challenging due to soaring personnel and logistics costs caused by a declining labor force and intensifying competition to attract customers across industry and business-format boundaries.」
Intensifying competition to attract customers across industry and business-type boundaries continues to be identified as a factor contributing to the challenging operating environment. - FY2018-Q3WorsenedAnnual report
「In the retail industry, market conditions became increasingly challenging due to intensifying competition among companies, higher personnel and logistics costs caused by labor shortages, and weather-related factors including the Northern Osaka Earthquake in June and the heavy rains in western Japan in July.」
Intensifying competition among companies was explicitly identified, and the market environment was described as becoming increasingly challenging. - FY2017WorsenedAnnual report
「A challenging operating environment is expected to continue, including a decline in the labor force and rising labor costs due to the declining birthrate and aging population, as well as intensifying competition to attract customers across industry and business-type boundaries.」
In addition to entry into the conventional 100-yen shop market and the increase in uniform-price sales sections, intensifying competition to attract customers across industry and business-type boundaries was explicitly identified as part of the challenging operating environment. - FY2017-Q3MaterialisedAnnual report
「Intensifying competition amid consumers' preference for economy」
Intensifying competition driven by consumers' preference for economy was described as part of the challenging operating environment for the current fiscal year, rather than as a hypothetical risk. - FY2016First statedAnnual report
「If competition intensifies in the markets for the Group's principal businesses, due to entry by companies from other industries into the 100-yen shop business, an increase in uniform-price sales sections in existing mass retailers and other factors, this could affect the Group's operating results and financial position.」
The intensification of competition due to entry from other industries and an increase in uniform-price sales sections in existing mass retailers is identified as a risk.