Intensifying Competition and Price Competition in a Mature Market
First written in FY2016. 11 of 16 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 33 of 49 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Meanwhile, conditions in both the Food Products and Food Service businesses are becoming increasingly challenging due to higher costs for raw materials, packaging materials, logistics, energy and labor, as well as a growing preference for saving amid rising prices.」
Although the Food Products and Food Service markets are growing faster than in the previous year, cost inflation and higher prices are making the competitive and profitability environment more challenging by strengthening consumers' preference for saving. - FY2026RestatedAnnual report
「The foodservice and frozen food markets in which the Group operates are mature and highly competitive. In addition, as consumers become more selective in their spending, use of foodservice establishments is on a relative downward trend, and the Group faces a challenging operating environment compounded by intensifying price competition.」
Mature markets, the relative decline in foodservice usage, intense competition and price competition continue to be identified as operating-environment risks. - FY2025RestatedAnnual report
「The foodservice and frozen food markets in which the Group operates are mature and highly competitive. In addition, as consumers become more selective in their spending, use of foodservice establishments is on a relative downward trend, and the Group faces a challenging operating environment compounded by intensifying price competition.」
Mature markets, the relative decline in foodservice usage, intense competition and price competition continue to be identified as operating-environment risks. - FY2023RestatedAnnual report
「The frozen food market as a whole remains firm, but competition in the frozen gyoza category has intensified as competing companies enter the market.」
The company continues to describe the frozen food market as a whole as firm, while noting intensifying competition in the frozen gyoza category due to the entry of competing companies. - FY2023-Q3WorsenedAnnual report
「The frozen food market as a whole remains firm, but competition in the frozen gyoza category has intensified as competing companies enter the market.」
The company describes the frozen food market as a whole as firm, while stating that competition in the frozen gyoza category has become more intense due to the entry of competing companies. - FY2022RestatedAnnual report
「The foodservice and frozen food markets in which the Group operates are mature and highly competitive. In addition, as consumers become more selective in their spending, use of foodservice establishments is on a relative downward trend, and the Group faces a challenging operating environment compounded by intensifying price competition.」
Mature markets, the downward trend in foodservice usage, intense competition and price competition continue to be identified as operating-environment risks. - FY2021-Q3WorsenedAnnual report
「In the food industry, although the foodservice business is emerging from its worst period as restrictions on economic activity are gradually eased, its recovery remains slow, and competition for survival within the industry is becoming increasingly intense.」
The company states that the recovery in the foodservice business remains slow and that competition within the industry for survival is becoming increasingly intense. - FY2020-Q4WorsenedAnnual report
「However, under a challenging operating environment in which the domestic market is expected to contract against a backdrop of declining birthrates, an aging population and population decline, industry participants remain compelled to develop new products and explore new markets.」
In addition to the traditional risks of mature markets and intensifying competition, the company explicitly describes contraction of the domestic market against a backdrop of declining birthrates, an aging population and population decline. - FY2019RestatedAnnual report
「The foodservice and frozen food markets in which the Group operates are mature and highly competitive. In addition, as consumers become more selective in their spending, use of foodservice establishments is on a relative downward trend, and the Group faces a challenging operating environment compounded by intensifying price competition.」
Mature markets, the downward trend in foodservice usage, intense competition and price competition continue to be described as the business environment. - FY2019-Q2RestatedAnnual report
「In the food industry, consumers' preference for saving money is strengthening, particularly among single-person households, while various costs are rising due to exchange-rate fluctuations, labor shortages and soaring raw material prices. Some market participants have begun passing these higher costs through to product prices.」
The company continues to describe a challenging market environment in which consumers' preference for saving money coexists with rising costs. - FY2018WorsenedAnnual report
「Competition over high value-added products and low prices has intensified recently. To address this competition, the Group is working to raise customer satisfaction by providing safe, reliable and fresh products and continuing to meet customer needs, while also seeking to acquire new customers and improve the repeat-purchase rate among existing customers. However, if costs to improve quality rise as competition intensifies, or margins decline due to pressure to lower selling prices, this could affect the Group's performance.」
In addition to the traditional risks of mature markets and price competition, the company specifically describes intensifying competition over high value-added products and low prices, higher quality-related costs and declining margins due to pressure to cut prices. - FY2018-Q2RestatedAnnual report
「Although the food industry is performing relatively well despite consumers' persistent preference for saving money, companies are struggling as personnel costs and the burden of capital investment increase in efforts to address labor shortages.」
The company continues to describe consumers' persistent preference for saving money, while explaining that the food industry itself is performing relatively well. - FY2017RestatedAnnual report
「The foodservice and frozen food markets in which the Group operates are mature and highly competitive. In addition, as consumers become more selective in their spending, use of foodservice establishments is on a relative downward trend, and the Group faces a challenging operating environment compounded by intensifying price competition.」
Mature markets, the downward trend in foodservice usage, intense competition and price competition continue to be identified as risks. - FY2017-Q4RestatedAnnual report
「In the food industry, while some companies are returning to low-price strategies in response to consumers' preference for saving money, development is also active in products, menus and business formats offering new value, such as environmental considerations and social-media appeal, in addition to traditional value propositions such as taste, convenience in preparation and support for healthy living. Each company continues to explore ways to meet consumers' increasingly diverse needs.」
The company describes the continued competition driven by lower prices against a backdrop of consumers' preference for saving money, as well as ongoing competition involving products, menus and business formats. - FY2017-Q3RestatedAnnual report
「As consumers' preference for saving money grows stronger, more companies are again strengthening their offerings of low-priced products and services.」
Consumers' preference for saving money and the strengthening of low-priced products and services are reiterated as factors in the competitive environment. - FY2016First statedAnnual report
「The foodservice and frozen food markets in which the Company operates are mature and highly competitive. In addition, as consumers become more selective in their spending, use of foodservice establishments is on a relative downward trend, and the Company faces a challenging operating environment compounded by intensifying price competition.」
The maturity of the foodservice and frozen food markets, the downward trend in foodservice usage and price competition are identified as business risks.