Business Rehabilitation Risk at 栄川酒造 Due to the Shrinking Sake Market, Population Decline, and Debt Repayment
First written in FY2017-Q1. 2 of 3 entries say "Restated". Latest entry: FY2017-Q3.
3 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「However, in addition to the contraction of the sake sales market due to diversifying consumer preferences for food and drink in recent years and younger people turning away from alcoholic beverages, consumption has stagnated as Fukushima Prefecture's population has declined following the Great East Japan Earthquake and other events. As a result, sales have declined year after year, while repayments on borrowings for past capital investments have worsened 栄川酒造's financial position.」
The disclosure reiterates the shrinking sake market, younger people turning away from alcoholic beverages, regional population decline, falling sales and deterioration in the financial position due to debt repayments. - FY2017-Q2RestatedAnnual report
「However, in addition to the contraction of the sake sales market due to diversifying consumer preferences for food and drink in recent years and younger people turning away from alcoholic beverages, consumption has stagnated as Fukushima Prefecture's population has declined following the Great East Japan Earthquake and other events. As a result, sales have declined year after year, while repayments on borrowings for past capital investments have worsened the company's financial position.」
The disclosure reiterates the shrinking sake market, younger people turning away from alcoholic beverages, Fukushima Prefecture's population decline, falling sales and deterioration in the financial position due to debt repayments as the background to making the company a subsidiary. - FY2017-Q1MaterialisedAnnual report
「However, in addition to the contraction of the sake sales market due to diversifying consumer preferences for food and drink in recent years and younger people turning away from alcoholic beverages, consumption has stagnated as Fukushima Prefecture's population has declined following the Great East Japan Earthquake and other events. As a result, sales have declined year after year, while repayments on borrowings for past capital investments have worsened the company's financial position.」
The disclosure cites the shrinking market, younger people turning away from alcoholic beverages, regional population decline, falling sales and deterioration in the financial position due to debt repayments as reasons for making 栄川酒造 a subsidiary and rebuilding its business.