Intensifying Competition and Price Competition in the Mature Foodservice Market
First written in FY2016. 10 of 15 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 33 of 49 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The foodservice market in which we operate has reached maturity and is intensely competitive. In addition, as consumers become more selective in their spending, dining out is on a relative decline, and the increasingly intense price competition has created a challenging operating environment.」
Recognition of a challenging competitive environment, including a mature market, intensifying competition, a declining trend in dining out, and price competition, continues. - FY2021-Q3RestatedAnnual report
「In addition, the market size of the foodservice industry is expected to contract first for the time being, and stores are expected to be eliminated amid intense competition.」
Recognition of a challenging competitive environment, in which the foodservice market is contracting and stores are being eliminated amid competition, continues. - FY2021-Q1WorsenedAnnual report
「In this environment, the market size of the foodservice industry is expected to contract first for the time being, and stores are expected to be eliminated amid intense competition.」
The contraction of the foodservice market and the elimination of stores were expected as a result of the impact of COVID-19, making the assessment of competitive-environment risks more severe. - FY2020-Q2RestatedAnnual report
「On the other hand, this is also an area where many competing outlets seek to attract customers through similar advertising and promotional activities, resulting in relatively high advertising and promotional expenses.」
Competition among numerous competing outlets to attract customers and the resulting advertising and promotional cost burden continue to be recognized. - FY2019RestatedAnnual report
「The foodservice market in which we operate has reached maturity and is intensely competitive. In addition, as consumers become more selective in their spending, dining out is on a relative decline, and the increasingly intense price competition has created a challenging operating environment.」
A challenging competitive environment, including a mature market, intensifying competition, a declining trend in dining out, and price competition, continues to be recognized. - FY2019-Q3RestatedAnnual report
「On the other hand, this is also an area where many competing outlets seek to attract customers through similar advertising and promotional activities, resulting in relatively high advertising and promotional expenses.」
Competition among competing outlets to attract customers and the resulting advertising and promotional cost burden continue to be recognized. - FY2019-Q2RestatedAnnual report
「On the other hand, this is also an area where many competing outlets seek to attract customers through similar advertising and promotional activities, resulting in relatively high advertising and promotional expenses.」
Competition among numerous competing outlets to attract customers and the resulting advertising and promotional cost burden continue to be recognized. - FY2019-Q1RestatedAnnual report
「On the other hand, this is also an area where many competing outlets seek to attract customers through similar advertising and promotional activities, resulting in relatively high advertising and promotional expenses.」
It was reconfirmed that competition to attract customers among numerous competing outlets continues, particularly in the Tokyo metropolitan area. - FY2018-Q3RestatedAnnual report
「This segment consists largely of station-front stores and faces a proliferation of competing outlets, although the declining revenue trend at existing stores shows signs of bottoming out in some areas.」
The proliferation of competing station-front stores and the declining revenue trend at existing stores continue to be recognized, while signs of a bottoming out in some areas were reconfirmed. - FY2018-Q2RestatedAnnual report
「This segment consists largely of station-front stores and faces a proliferation of competing outlets. Existing stores remain on a declining revenue trend, although signs of a bottoming out have emerged in some areas.」
It was reconfirmed that numerous competing outlets exist in the Tokyo metropolitan area and that existing stores continue to experience declining revenue. At the same time, signs of a bottoming out in some areas were also noted. - FY2017WorsenedAnnual report
「Formats that depend heavily on alcohol sales face intense competition both within and outside the industry as alcohol consumption continues to decline across society, other food-focused formats strengthen alcohol sales as a source of added value, and alcohol consumption shifts toward take-home consumption. They also face many issues, including the shift toward lower prices and rapid obsolescence resulting from the fragmentation of business formats.」
Competition within and outside alcohol-selling formats, lower prices, and obsolescence caused by the fragmentation of business formats have become increasingly specific features of the full-year operating environment. - FY2017-Q3WorsenedAnnual report
「Pub and izakaya formats face extremely intense competition as society's decline in alcohol consumption accelerates and other formats strengthen their alcohol sales. The industry also contains many issues, including declining earnings capacity due to the shift toward lower prices and the rapid obsolescence of formats resulting from market fragmentation.」
In addition to intensifying competition, declining earnings capacity due to lower prices and the obsolescence of business formats were explicitly identified, making the risks associated with the competitive environment more specific. - FY2017-Q2RestatedAnnual report
「The food and beverage industry in which we operate remains in a challenging operating environment, with personal consumption stagnating amid a deeply rooted focus on household cost-saving, intensifying competition not only among industry peers but also with businesses in other industries, and rising labor costs due to personnel shortages.」
A challenging competitive environment, including stagnating personal consumption and intensifying competition with industry peers and businesses in other industries, continues to be recognized. - FY2017-Q1WorsenedAnnual report
「We had previously reported a steady increase in demand for food and beverages associated with reconstruction following the Great East Japan Earthquake, but the expansion of competing outlets and the resulting increase in the number of stores have intensified competition, which is also a major factor behind the decline in revenue.」
It was stated that competing outlets were expanding in the Tohoku area and that competition was intensifying as the number of stores increased. - FY2016First statedAnnual report
「The foodservice market in which we operate has reached maturity and is intensely competitive. In addition, as consumers become more selective in their spending, dining out is on a relative decline, and the increasingly intense price competition has created a challenging operating environment.」
Market maturity, the relative decline in dining out, and intensifying competition and price competition are recognized as business risks.