Strong performance across the overall food-service market, while izakaya sales fell below the previous year
First written in FY2018-Q3. 7 of 14 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2024.
Sanko Marketing Foods moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 33 of 49 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2024Recovery in restaurant demand coincides with high costs and seafood supply constraintsAnnual report
「The recovery in customer traffic, personal consumption and inbound demand supported the food service business, where demand increased. However, uncertainty continued as the declining labor force associated with the declining birthrate and aging population, soaring raw material and energy prices, and inflation caused by the yen's rapid depreciation pushed up costs in the food service business. In addition, import restrictions imposed by countries importing Japanese seafood, stemming from the ALPS treated-water issue at the Fukushima Daiichi Nuclear Power Station, and the nationwide downward trend in catches have hindered the recovery of the seafood business.」
While foot traffic, personal consumption and inbound demand have recovered in the restaurant business, constraints remain on procurement for the seafood business and on the export environment, alongside higher costs. - FY2024-Q3Economic recovery alongside high costs and export restrictionsAnnual report
「As the spread of COVID-19 slowed, restrictions on economic and social activity were eased, and personal consumption and inbound demand provided support, resulting in signs of a temporary recovery. However, uncertainty about the outlook continued due to the declining working-age population associated with the declining birthrate and aging population, soaring raw material and energy prices, inflation caused by the yen's rapid depreciation, and the start of restrictions on seafood exports stemming from the treated-water issue at the Fukushima Daiichi Nuclear Power Station.」
While consumer activity and inbound demand have recovered, labour shortages, soaring raw material and energy prices, and restrictions on seafood exports continue to weigh on the restaurant business. - FY2023Recovery in consumer activity coincides with higher costsAnnual report
「In the restaurant industry, consumer activity is recovering as restrictions on activity are eased, but the operating environment remains challenging due to soaring raw material prices, labour costs and utility costs.」
The recovery trend in restaurant demand following the easing of activity restrictions coincides with continued pressure from soaring raw material, labour and utility costs. - FY2023-Q3Customer recovery coincides with continued pressure from higher costsAnnual report
「In the restaurant industry, customer activity has begun to recover as restrictions on activity have been eased and customer numbers are gradually trending upward. However, the operating environment remains severe due to the impact of soaring raw material prices and utility costs.」
The trend toward customer recovery following the easing of activity restrictions was identified, replacing the previous decline in customers caused by infections, but the restaurant environment remains challenging due to higher costs. - FY2023-Q1WorsenedAnnual report
「In the restaurant industry, the operating environment remains severe due to declining customer numbers following a renewed spread of infections, as well as the impact of soaring raw material prices and utility costs.」
The disclosure described declining customer numbers due to a renewed spread of infections, in addition to higher raw material prices and utility costs, and stated that the business environment remains severe. - FY2022WorsenedAnnual report
「In the restaurant industry, customer numbers fell sharply due to temporary store closures, shortened operating hours and voluntary restrictions on serving alcoholic beverages under the state of emergency and priority preventive measures. Comprehensive izakayas, particularly those located in central urban and entertainment districts, continued to be forced to remain closed for extended periods, and the operating environment remains severe as economic and consumer activity stagnated and contracted to prevent the spread of infection.」
The full-year operating environment was described as remaining severe, with comprehensive izakayas, particularly those in central urban and entertainment districts, continuing to experience extended closures and a significant decline in customer numbers. - FY2022-Q2Signs of recovery and concerns about a renewed spreadAnnual report
「After the state of emergency was lifted in September 2021, there were signs of improvement, including a rapid recovery in sales due to a rebound in stay-at-home demand following the previous restrictions on going out. However, concerns about the impact on consumer activity grew as vigilance over a renewed spread of infections intensified following the emergence of a new variant, Omicron, and the operating environment remains severe.」
While rapid sales recovery after the state of emergency was lifted indicated a positive sign, concerns were raised about a renewed spread of infections caused by Omicron and its impact on consumer activity. - FY2022-Q1WorsenedAnnual report
「In particular, comprehensive izakayas in central urban and entertainment districts have continued to be forced to remain closed for extended periods, and the operating environment remains severe.」
The disclosure identified the continued need for extended closures at comprehensive izakayas, particularly those located in central urban and entertainment districts. - FY2021-Q1WorsenedAnnual report
「The food service industry continues to face a challenging operating environment, with customer traffic declining substantially due to requests from local governments to shorten business hours to prevent the spread of COVID-19 and customers' desire to avoid the so-called 3 Cs: closed spaces, crowded places and close-contact settings.」
In the restaurant business, including izakayas, customer numbers fell sharply due to requests to shorten operating hours and customers' desire to avoid the 3 Cs. - FY2020-Q3WorsenedAnnual report
「At Kin no Kura, there were signs of recovery in January, including sales exceeding the year-on-year level for the first time in 24 months. However, customer numbers fell sharply from February onward due to the loss of inbound demand resulting from the spread of COVID-19 and requests from the national and local governments to refrain from going out,」
At Kin no Kura, there were signs of recovery in January, but customer numbers fell sharply from February onward due to the loss of inbound demand caused by COVID-19 and requests to refrain from going out. - FY2019-Q3WorsenedAnnual report
「However, in addition to young people drinking less alcohol, the decline in opportunities for corporate group events such as year-end and New Year parties, together with smaller group bookings, has caused sales at izakaya stores to trend below the previous year.」
At izakaya stores, sales have continued to trend below the previous year as young people drink less alcohol and corporate group use declines. - FY2019-Q2WorsenedAnnual report
「Although business performance in the Kansai region and in formats targeting everyday dining has remained solid as a result of these initiatives, demand for group banquets by companies and other organisations has declined significantly at izakaya stores, particularly Kin no Kura stores, while investment and expenses associated with structural reforms have been incurred ahead of the resulting benefits.」
While the Kansai and everyday-dining formats remained solid, a significant decline in demand for group banquets was identified in the core izakaya format, widening the performance gap between formats. - FY2018RestatedAnnual report
「In the restaurant industry, competition is intensifying across industry and business-format boundaries, in addition to young people drinking less alcohol, the increase in takeout and prepared meals, and declining demand for banquets. Izakaya sales have continued to fall below the previous year.」
The disclosure continues to describe izakaya sales falling below the previous year relative to the restaurant market overall and specifies the factors behind the changes in demand. - FY2018-Q3First statedAnnual report
「The restaurant industry has remained strong, with sales continuing to exceed the previous year. However, the izakaya format, which is our main business, recorded full-year sales below the previous year,」
The disclosure identified as a new fact the divergence between strong sales across the restaurant industry and below-previous-year sales in the izakaya format, which is our main business.