Consumer Shift Away from Izakaya
First written in FY2016-Q2. 6 of 10 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2020: 33 of 49 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2019DroppedAnnual report
「The Cook Innoventure business continues to face an extremely difficult operating environment, including rising labor costs and soaring raw material prices.」
In this annual report, the previous expression, "consumers moving away from izakaya dining," is not used; instead, rising labor costs and raw material prices are cited as factors contributing to the difficult operating environment. - FY2019-Q1RestatedAnnual report
「As the izakaya business continued to stagnate, we worked to improve product quality and service from the customer's perspective. At the same time, we closed unprofitable stores and worked to improve future profitability.」
The izakaya business continues to stagnate, and the company is responding by improving quality and service and closing unprofitable stores. - FY2018-Q3WorsenedAnnual report
「During the nine-month period under review, the Cook Innoventure business continued to face difficult conditions, including consumers moving away from izakaya dining and a labor shortage.」
In addition to consumers moving away from izakaya dining, a labor shortage is explicitly identified as a factor contributing to the difficult business environment. Revenue in the Cook Innoventure business also declined 14.2% year on year. - FY2018-Q2RestatedAnnual report
「As the overall izakaya market continued to struggle, we worked to implement initiatives and develop menus that addressed customer needs, including greater specialization and increased added value, as well as to expand new business formats. However, the total number of stores declined due to the expiration of franchise agreements and store closures resulting from unprofitability.」
The difficult conditions across the overall izakaya market, store closures due to the expiration of franchise agreements and unprofitability, and the decline in the total number of stores continue to be cited. - FY2018-Q1MaterialisedAnnual report
「As the overall izakaya sector continued to struggle, we worked to implement initiatives and develop menus that addressed customer needs, including greater specialization and increased added value, as well as to expand new business formats. However, the total number of stores declined due to the expiration of franchise agreements and store closures resulting from unprofitability.」
In addition to the existing concern that consumers are moving away from izakaya dining, the difficult conditions across the overall izakaya sector, store closures due to unprofitability and other factors, and the decline in the total number of stores are cited as actual business conditions. - FY2017-Q3RestatedAnnual report
「Amid concerns that consumers are moving away from izakaya dining」
Concerns in the food-service business related to consumers moving away from izakaya dining continue. - FY2017-Q2RestatedAnnual report
「Amid concerns that consumers are moving away from izakaya dining」
Concerns in the food-service business related to consumers moving away from izakaya dining continue. - FY2017-Q1RestatedAnnual report
「Amid concerns that consumers are moving away from izakaya dining, among other factors」
Concerns in the food-service business related to consumers moving away from izakaya dining continue. - FY2016-Q3RestatedAnnual report
「Amid concerns that consumers are moving away from izakaya dining」
Concerns that consumers are moving away from izakaya dining continue to be cited. - FY2016-Q2First statedAnnual report
「Amid concerns that consumers are moving away from izakaya dining」
This is mentioned as a concern related to consumer trends surrounding the food-service business.