Declining Alcohol Consumption and Deteriorating Earnings in Alcohol-Dependent Businesses
First written in FY2016. 12 of 19 entries say "Restated". Latest entry: FY2023-Q1.
Horiifoodservice moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
0 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「This segment is also located in the area with the highest number of COVID-19 cases. Due to the emergence of a highly contagious new variant, the area was subject to priority preventive measures through late March, and requests to restrict alcohol service and shorten business hours continued, resulting in store closures.」
Restrictions on alcohol service, shortened business hours and store closures related to infectious diseases continue to affect the operating environment for business formats dependent on demand for alcoholic beverages. - FY2022-Q3WorsenedAnnual report
「Although operations were able to resume from October, after the state of emergency was lifted, the trend toward refraining from year-end parties and holding smaller gatherings was becoming established even in December, which is normally a busy month, resulting in an extremely challenging operating environment.」
Even after operations resumed, consumers are said to be increasingly refraining from year-end parties and making reservations for smaller groups, and demand for alcoholic beverages and banquets remains weak. - FY2022-Q2RestatedAnnual report
「The foodservice industry remained in an extremely challenging operating environment, with requests to refrain from serving alcohol, requests for reduced operating hours, and other measures continuing.」
The continued requests to refrain from serving alcohol and for reduced operating hours reconfirmed the challenging environment surrounding formats highly dependent on alcohol sales. - FY2022-Q1WorsenedAnnual report
「Although the foodservice industry is hopeful that restrictions will be lifted as vaccinations progress, it remains in an uncertain situation due to requests to refrain from serving alcohol, requests for reduced operating hours, and other measures, and continues to face an extremely challenging operating environment.」
In addition to declining alcohol consumption, requests to refrain from serving alcohol and requests for reduced operating hours were described as actual operating restrictions affecting formats dependent on alcohol sales, making the risk more severe. - FY2021-Q3RestatedAnnual report
「Our stores generally depend heavily on alcohol sales, and we believe suburban stores in particular are being strongly affected as alcohol consumption continues to decline across society.」
The recognition that dependence on alcohol sales and declining alcohol consumption particularly affect suburban stores was reiterated. - FY2021-Q1RestatedAnnual report
「Our stores generally depend heavily on alcohol sales, and we believe suburban stores in particular are being strongly affected as alcohol consumption continues to decline across society.」
The previous recognition of the impact of dependence on alcohol sales and declining alcohol consumption on suburban stores was reiterated. - FY2020-Q2RestatedAnnual report
「Our stores generally depend heavily on alcohol sales, and we believe suburban stores in particular are being strongly affected as alcohol consumption continues to decline across society.」
The recognition continues that dependence on alcohol sales and declining alcohol consumption particularly affect suburban stores. - FY2019RestatedAnnual report
「Our stores generally depend heavily on alcohol sales, and we believe suburban stores in particular are being strongly affected as alcohol consumption continues to decline across society.」
The impact on suburban stores of their dependence on alcohol sales and declining alcohol consumption continues to be described. - FY2019-Q3RestatedAnnual report
「Our stores generally depend heavily on alcohol sales, and we believe suburban stores in particular are being strongly affected as alcohol consumption continues to decline across society.」
The continued recognition is that suburban stores, which depend heavily on alcohol sales, are strongly affected by declining alcohol consumption. - FY2019-Q2RestatedAnnual report
「Our stores generally depend heavily on alcohol sales, and we believe suburban stores in particular are being strongly affected as alcohol consumption continues to decline across society.」
The continued recognition is that suburban stores, which depend heavily on alcohol sales, are strongly affected by declining alcohol consumption. - FY2019-Q1RestatedAnnual report
「Our stores generally depend heavily on alcohol sales, and we believe suburban stores in particular are being strongly affected as alcohol consumption continues to decline across society.」
The continued recognition is that suburban stores, which depend heavily on alcohol sales, are strongly affected by declining alcohol consumption. - FY2018-Q3RestatedAnnual report
「This segment consists largely of suburban stores that have been operating for relatively long periods and appears to have been most severely affected by declining alcohol consumption and stronger alcohol sales by other formats.」
It was stated that declining alcohol consumption and stronger alcohol sales by other formats continue to affect suburban stores. - FY2018-Q2RestatedAnnual report
「This segment consists largely of suburban stores that have been operating for relatively long periods and appears to have been most severely affected by declining alcohol consumption and stronger alcohol sales by other formats.」
It was stated that declining alcohol consumption and stronger alcohol sales by other formats continue to affect the performance of suburban stores. - FY2018-Q1RestatedAnnual report
「This segment consists largely of suburban stores that have been operating for relatively long periods. It appears to have been affected most severely by declining alcohol consumption and stronger alcohol sales by other formats, and has not yet escaped its declining revenue trend.」
It was stated that declining alcohol consumption and stronger alcohol sales by other formats continue to affect the declining revenue trend at suburban stores. - FY2017WorsenedAnnual report
「The main factors are that our core formats are heavily affected by trends in alcohol consumption and that, as alcohol consumption declines across society and other formats strengthen value-added alcohol sales, the decline in customer visits has become pronounced.」
The full-year results explicitly show that declining alcohol consumption led to fewer customer visits and lower company-wide revenue, further clarifying the impact of the risk. - FY2017-Q3WorsenedAnnual report
「Performance has not improved from its company-wide declining revenue trend, due to declining alcohol consumption, increased alcohol sales by other formats, and the continued shift toward lower prices.」
It is stated that declining alcohol consumption, combined with stronger alcohol sales by other formats and lower prices, has left the company-wide declining revenue trend unimproved. - FY2017-Q2WorsenedAnnual report
「As alcohol consumption continues to languish across society, formats that depend heavily on alcohol sales are experiencing an increasingly pronounced decline in revenue.」
The impact of weak alcohol consumption was described as a further worsening of the declining revenue trend at alcohol-dependent formats. - FY2017-Q1MaterialisedAnnual report
「As alcohol consumption declines across society, sales at formats that depend heavily on alcohol sales have generally remained below the previous year's level.」
It was stated that the decline in alcohol consumption had appeared in actual results as lower sales at formats highly dependent on alcohol sales. - FY2016First statedAnnual report
「Formats that depend heavily on alcohol sales are operating amid extremely intense competition, due not only to the overall decline in alcohol consumption across society but also to new entrants from other business formats.」
The decline in alcohol consumption and entry by businesses from other formats are identified as factors worsening the earnings environment for alcohol-dependent formats.