Simplification of Funerals and Lower Service Prices
First written in FY2016. 20 of 36 entries say "Restated". Latest entry: FY2026.
Beauty Kadan Holdings moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Other".
- FY2026Company results continued to track a decline in the number of funerals after official statistics endedAnnual report
「According to our service records, the number of funerals performed remained below the previous fiscal year, while the average altar price varied by region and period. Official statistics on the funeral industry are no longer published, and no new statistical data is currently available, so we monitor industry trends based on our own results. In the funeral industry, small-scale funerals have become established and funeral formats have diversified, while there is some demand for staging and floral decoration. However, average funeral prices have been gradually declining nationwide.」
After the publication of official statistics ended, the company shifted to monitoring the market based on its own results and reported a decline in the number of funerals performed and a gradual nationwide decline in average funeral prices. - FY2026-H1Official statistics discontinued; nationwide decline in average spend continuesAnnual report
「In the funeral industry, small-scale funerals have become established and funeral formats have diversified, while some demand remains for presentation and floral decorations. However, funeral prices have been on a gradual nationwide downward trend.」
The company continues to recognize the establishment of smaller-scale funerals, diversification of formats, and the gradual nationwide decline in average funeral fees. It also states that there is still some demand for floral decoration. - FY2025Deaths up and average fees recovering, but shift to smaller-scale funerals continuesAnnual report
「According to the Ministry of Health, Labour and Welfare's Overview of the 2024 Annual Vital Statistics Report (preliminary figures), the number of deaths in 2024 was estimated at 1,605 thousand and has been trending upward against the backdrop of an aging society. According to the Ministry of Economy, Trade and Industry's Current Survey of Selected Service Industries, revenue increased year on year from July through December 2024, case volume remained flat, and the average funeral fee showed signs of recovery.」
While indicating an increase in deaths and a recovery in revenue and average funeral fees, the company continues to disclose the shift toward smaller-scale funerals, including family funerals, and the resulting decline in average fees as issues requiring a response. - FY2025-H1Revenue up, case volume flat, average fee recoveringAnnual report
「According to the Ministry of Economy, Trade and Industry's Current Survey of Selected Service Industries, funeral-services revenue increased from July to November 2024, while case volume remained flat and the average funeral fee showed signs of recovery.」
The funeral market saw revenue increase and average funeral fees recover, while case volume remained flat. Recognition continues that the industry needs to adapt to the nationwide trend toward smaller-scale funerals. - FY2024Market recovery and higher average spend, but number of funerals handled up slightlyAnnual report
「According to the Ministry of Health, Labour and Welfare's Vital Statistics of Japan: Annual Report for 2023 (Preliminary Figures), the annual number of deaths in 2023 was estimated at 1,579 thousand and is trending upward against the backdrop of an aging society. According to the Ministry of Economy, Trade and Industry's Current Survey of Selected Service Industries, the number of funerals handled by the funeral services industry increased slightly from July 2023 to May 2024, revenue increased and average spend per funeral rose slightly.」
In the funeral services market, the number of deaths is trending upward, and the number of funerals handled increased slightly while revenue and average spend per funeral rose. However, the company continues to be required to respond to the nationwide trend toward smaller funerals. - FY2024-Q3Revenue and average spend up slightly, number of funerals handled down slightlyAnnual report
「According to the Ministry of Economy, Trade and Industry's Current Survey of Selected Service Industries, the number of funerals handled by the funeral services industry declined slightly from July 2023 to February 2024, while revenue trended slightly upward and average spend per funeral increased slightly.」
In the funeral services industry, the number of funerals handled declined slightly, while revenue increased slightly and average spend per funeral rose modestly. The company continues to recognize the need to respond to the nationwide trend toward smaller funerals. - FY2024-Q2Market recovery and continued improvement in average spend, but smaller funerals continueAnnual report
「According to the Ministry of Economy, Trade and Industry's Current Survey of Selected Service Industries, revenue in the funeral services industry increased from July to November 2023, while the number of funerals handled remained broadly flat and trended upward compared with the same period of the previous year, when the effects of COVID-19 remained. Average spend per funeral also showed signs of recovery. Although the funeral services market as a whole is expected to continue expanding, the company is required to respond to trends including declining average spend resulting from smaller funerals nationwide, including family funerals, private funerals and one-day funerals.」
Although revenue and average spend in the funeral services market showed signs of recovery and improvement, the company continues to state that action is needed to address the nationwide trend toward smaller funerals and declining average spend. - FY2024-Q1RestatedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, the company is required to respond to trends including declining average spend resulting from smaller funerals nationwide, including family funerals, private funerals and one-day funerals.」
While noting the expansion of the funeral services market and a recovery in average spend, the company continues to state that action is needed to address the nationwide trend toward smaller funerals and declining average spend. - FY2023RestatedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, the company is required to respond to the downward trend in average spend resulting from smaller funerals nationwide, including family funerals, private funerals and one-day funerals.」
Alongside the expected expansion of the funeral services market, the company continues to recognize the need to respond to smaller funerals and declining average spend nationwide. - FY2023-Q3RestatedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, the company is required to respond to the downward trend in average spend resulting from smaller funerals nationwide, including family funerals, private funerals and one-day funerals.」
While the number of funerals handled, revenue and average spend in the funeral services market are trending toward recovery, the company continues to state that action is needed to address the nationwide trend toward smaller funerals and declining average spend. - FY2023-Q2Market recovery and a rebound in average spend, but smaller funerals continueAnnual report
「Revenue and the number of funerals handled by the funeral services industry both trended upward from July to November 2022 compared with the same period of the previous year, which was significantly affected by COVID-19. Average spend per funeral also showed signs of a modest recovery. Although the funeral services market as a whole is expected to continue expanding, average spend is trending downward as funerals become smaller nationwide, including family funerals, private funerals and one-day funerals. The company continues to be required to respond to the effects of COVID-19.」
Although revenue, the number of funerals handled and average spend in the funeral services market showed signs of recovery and improvement, the company continues to recognize the nationwide trend toward smaller funerals and declining average spend, and the need to respond to COVID-19. - FY2023-Q1RestatedAnnual report
「According to the Ministry of Economy, Trade and Industry's Current Survey of Selected Service Industries, both revenue and the number of funerals handled by the funeral services industry trended upward from July to August 2022 compared with the same period of the previous year, which was significantly affected by COVID-19. However, average spend per funeral continued to trend downward. Although the funeral services market as a whole is expected to continue expanding, average spend is trending downward as funerals become smaller nationwide, including family funerals, private funerals and one-day funerals. The company continues to be required to respond to the effects of COVID-19.」
While the funeral services market and the number of funerals handled are trending toward recovery year on year, the company continues to recognize declining average spend and the nationwide trend toward smaller funerals. - FY2022-Q3RestatedAnnual report
「In addition to the continued decline in average spend, the COVID-19 pandemic has reduced attendance and funeral sizes. Although the funeral services market as a whole is expected to continue expanding, average spend is trending downward as funerals become smaller nationwide, including family funerals, private funerals and one-day funerals. The company continues to be required to respond to the effects of COVID-19.」
While noting signs of recovery in the funeral services market, the company continues to recognize the nationwide trend toward smaller funerals and declining average spend, and the effects of COVID-19. - FY2022-Q2RestatedAnnual report
「In addition to the continued decline in average spend, the COVID-19 pandemic has reduced attendance and funeral sizes.」
The company continues to recognize declining average spend and COVID-19-related declines in attendance and funeral size. - FY2022-Q1RestatedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, average spend is trending downward as funerals become smaller nationwide, including family funerals, private funerals and one-day funerals. The company continues to be required to respond to the effects of COVID-19.」
The company continues to recognize the nationwide trend toward smaller funerals and declining average spend, alongside the expected expansion of the funeral services market, and the need to address COVID-19. - FY2021RestatedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, average spend is trending downward as funerals become smaller nationwide, including family funerals, private funerals and one-day funerals. The company is also required to respond to the effects of COVID-19.」
The company continues to recognize the nationwide trend toward smaller funerals and declining average spend, alongside the expected expansion of the funeral services market, and the need to address the COVID-19 pandemic. - FY2021-Q3WorsenedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, average spend is trending downward as funerals become smaller nationwide, including family funerals, private funerals and one-day funerals. The company is also required to respond to the effects of COVID-19.」
The company describes the trend toward smaller funerals and declining average spend as advancing nationwide, rather than being limited to major metropolitan areas and regional cities. It also states that measures to address COVID-19 are necessary. - FY2021-Q2RestatedAnnual report
「According to the Ministry of Economy, Trade and Industry's Current Survey of Selected Service Industries, the number of funerals handled by the funeral services industry increased slightly from July to November 2020, while revenue continued to trend downward. In addition to the continued decline in average spend, the COVID-19 pandemic accelerated declines in attendance and reductions in funeral size, resulting in lower revenue.」
The company continues to recognize a situation in which the number of funerals is increasing slightly, while revenue is declining due to lower average spend and COVID-19-related declines in attendance and funeral size. - FY2021-Q1WorsenedAnnual report
「According to the Ministry of Economy, Trade and Industry's Current Survey of Selected Service Industries, revenue in the funeral services industry declined from July to August 2020, while the number of funerals handled remained broadly flat. In addition to the continued decline in average spend, the COVID-19 pandemic accelerated declines in attendance and reductions in funeral size, resulting in lower revenue.」
The company explains that, in addition to declining average spend, the COVID-19 pandemic accelerated the decline in attendance and reductions in funeral size, bringing about a decline in revenue. - FY2020WorsenedAnnual report
「Because revenue declined as the trend toward smaller funerals accelerated rapidly from the latter half of the third quarter due to the aforementioned spread of the infection, operating profit was ¥250.551 million, down 47.6% year on year.」
The company explains that the spread of COVID-19 triggered a rapid reduction in funeral sizes, accelerating the trend toward smaller funerals and lower average spend and affecting revenue and operating profit. - FY2020-Q3RestatedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, smaller funerals, including family funerals, private funerals and one-day funerals, and declining average spend have continued, particularly in major metropolitan areas. This trend is also gradually becoming apparent in regional cities.」
The company continues to recognize the expansion of the funeral services market as a whole, alongside smaller funerals and declining average spend in major metropolitan areas and the spread of this trend to regional cities. - FY2020-Q1WorsenedAnnual report
「Although the funeral services market as a whole is expected to continue expanding, smaller funerals, including family funerals, private funerals and one-day funerals, and declining average spend have continued, particularly in major metropolitan areas. This trend is also gradually becoming apparent in regional cities.」
The company explains that the trend toward smaller funerals and declining average spend is gradually becoming apparent in regional cities as well as major metropolitan areas. One-day funerals have also been added as a specific type. - FY2019RestatedAnnual report
「In the funeral services industry serving customers of the floral altar business, the number of deaths is trending upward as the population ages. At the same time, average spend per funeral has been trending downward in recent years as private funerals attended only by close relatives become more common and funeral sizes decline.」
The company continues to recognize declining average spend caused by private funerals and smaller funeral sizes, alongside increases in the number of deaths and funerals. - FY2019-Q3RestatedAnnual report
「The funeral services market as a whole is expanding, and, as noted above, smaller funerals, including family funerals and private funerals, and declining average spend have continued, particularly in major metropolitan areas. The company expects this trend gradually to become apparent in regional cities as well, and signs of it have begun to emerge in some areas.」
The company continues to recognize the overall expansion of the funeral services market, alongside smaller funerals and declining average spend, particularly in major metropolitan areas, with the trend spreading to regional cities. - FY2019-Q2RestatedAnnual report
「The funeral services market as a whole is expanding, and, as noted above, smaller funerals, including family funerals and private funerals, and declining average spend have continued, particularly in major metropolitan areas. The company expects this trend gradually to become apparent in regional cities as well, and signs of it have begun to emerge in some areas.」
The company continues to recognize the overall expansion of the funeral services market, alongside smaller funerals and declining average spend, particularly in major metropolitan areas, with signs of the trend emerging in regional cities. - FY2019-Q1RestatedAnnual report
「According to the Ministry of Economy, Trade and Industry's Current Survey of Selected Service Industries, both revenue and the number of funerals handled by the funeral services industry trended upward from July to August 2018. Over the past several years, the number of funerals has increased and revenue has expanded, particularly in major metropolitan areas, despite declining average spend per funeral.」
The company continues to recognize the coexistence of an expanding number of funerals and higher revenue with declining average spend, particularly in major metropolitan areas. - FY2018RestatedAnnual report
「The funeral services market as a whole is expanding, and, as noted above, smaller funerals, including family funerals and private funerals, and declining average spend have continued, particularly in major metropolitan areas. The company expects this trend gradually to become apparent in regional cities as well, and signs of it have begun to emerge in some areas.」
The company continues to recognize that the funeral services market as a whole is expanding, while smaller funerals and declining average spend, particularly in major metropolitan areas, continue and signs of the trend have begun to emerge in regional cities. - FY2018-Q3WorsenedAnnual report
「The funeral services market as a whole is expanding, and, as noted above, smaller funerals, including family funerals and private funerals, and declining average spend have continued, particularly in major metropolitan areas. The company expects this trend gradually to become apparent in regional cities as well, and signs of it have begun to emerge in some areas.」
The company states that, in addition to major metropolitan areas, signs of smaller funerals and declining average spend have begun to emerge in regional cities. - FY2018-Q1WorsenedAnnual report
「The funeral services market as a whole is expanding, and, as noted above, smaller funerals, including family funerals and private funerals, and declining average spend have continued, particularly in major metropolitan areas. The company expects this trend gradually to become apparent in regional cities as well.」
The company indicates that the trend toward smaller funerals and declining average spend, previously concentrated in major metropolitan areas, may spread to regional cities in the future. - FY2017RestatedAnnual report
「In the funeral services industry serving customers of the floral altar business, the number of deaths is trending upward as the population ages. At the same time, average spend per funeral has been trending downward in recent years as private funerals attended only by close relatives become more common and funeral sizes decline.」
The company continues to recognize declining average spend caused by private funerals and smaller funeral sizes, alongside increases in the number of deaths and funerals. - FY2017-Q3RestatedAnnual report
「As the aging population causes the number of deaths to trend upward, the funeral services market as a whole is expanding. However, conditions are not uniform across business categories, such as specialist funeral service providers, providers of both funeral and wedding services, agricultural cooperatives and new market entrants, or across regions. In certain categories and regions, consumer values and needs are changing rapidly as social structures change. In particular, in major metropolitan areas, average spend continues to decline as funerals become smaller, including family funerals and private funerals.」
Alongside the overall expansion of the funeral services market, smaller funerals and declining average spend, particularly in major metropolitan areas, are continuing. Market statistics also show that the number of funerals handled increased 0.9% year on year, while revenue decreased 0.4%. - FY2017-Q2RestatedAnnual report
「As the aging population causes the number of deaths to trend upward, the funeral services market as a whole is expanding. However, conditions are not uniform across business categories, such as specialist funeral service providers, providers of both funeral and wedding services, agricultural cooperatives and new market entrants, or across regions. In certain categories and regions, consumer values and needs are changing rapidly as social structures change. In particular, in major metropolitan areas, average spend continues to decline as funerals become smaller, including family funerals and private funerals.」
The company explains that although the funeral services market as a whole is expanding, smaller funerals and declining average spend, particularly in major metropolitan areas, are continuing. - FY2017-Q1RestatedAnnual report
「In certain business categories and regions, consumer values and needs are changing rapidly as social structures change. In particular, in major metropolitan areas, average spend continues to decline as funerals become smaller, including family funerals and private funerals.」
The company explains that smaller funerals, including family funerals and private funerals, and declining average spend are continuing, particularly in major metropolitan areas. - FY2016First statedAnnual report
「In the funeral services industry, to which the group's floral altar business belongs, the number of funerals is generally expected to increase as Japan's declining birth rate and aging population continue to advance. However, funerals are becoming more modest, and overall funeral service prices are trending downward.」
Alongside the expected increase in the number of funerals, the company identifies the increasing modesty of funerals and declining average spend as key business risks.