Risks of dependence on core business formats and declining demand for those formats
First written in FY2016. 2 of 9 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1RestatedAnnual report
「Going forward, while making improvements and stability at existing stores our main focus, we plan to expand the scale of our business through new stores designed to meet inbound demand.」
With dependence on existing business formats remaining, the Company indicated a policy of stabilizing existing stores while simultaneously expanding the scale of its business through new business formats and new store openings. - FY2025MitigatedAnnual report
「忍家 2,621,841 55.0 もんどころ 408,110 8.6 Original formats 4,030,905 84.5 赤から 622,598 13.1 Franchise formats 739,285 15.5」
Although dependence on the core business formats remains high, 忍家's share of sales changed from 56.0% in the previous fiscal year to 55.0%, while the original formats as a whole increased from 82.0% to 84.5%. Concentration in 忍家 alone declined slightly, but increased across the original formats as a whole, meaning that the dependence structure has not been fully eliminated. - FY2024WorsenedAnnual report
「Most of the Company's earnings currently come from original business formats such as 「忍家」 and 「もんどころ」 (the "core business formats"). The Company expects its business structure to remain centered on these formats for the time being.」
By business format, 忍家's share increased from 53.3% in the previous fiscal year to 56.0%, while the original formats as a whole increased from 78.9% to 82.0%, indicating a numerical increase in dependence on the core business formats. - FY2023WorsenedAnnual report
「Most of the Company's earnings currently come from original business formats such as 「忍家」 and 「もんどころ」 (the "core business formats"). The Company expects its business structure to remain centered on these formats for the time being.」
By business format, 忍家 accounted for 53.3% of sales and the original formats accounted for 78.9%, indicating continued heavy dependence on the core business formats. These shares increased from 48.4% for 忍家 and 75.1% for the original formats in the previous fiscal year. - FY2021MitigatedAnnual report
「忍家 4,245,076 69.0 1,552,254 56.1 Original formats 5,221,070 84.9 2,073,133 74.9 Franchise formats 927,148 15.1 693,592 25.1」
The sales mix of 忍家, a core business format, declined from 69.0% in the previous fiscal year to 56.1%, while the franchise format's share increased from 15.1% to 25.1%. Although concentration in the core business formats remains, the mix has become more diversified. - FY2019RestatedAnnual report
「Most of the Company's earnings currently come from business formats such as 「忍家」, 「益益」 and 「味斗」 (the "core business formats"). The Company expects its business structure to remain centered on these formats for the time being.」
The continued dependence on the core business formats and the risk of declining demand for them were reaffirmed. - FY2017MaterialisedAnnual report
「Most of the Company's earnings currently come from business formats such as 「忍家」, 「益益」 and 「味斗」 (the "core business formats"). The Company expects its business structure to remain centered on these formats for the time being. The core business formats have a relatively high proportion of sales from alcoholic beverages, and trends in alcohol consumption tend to significantly affect store profitability.」
The continued dependence on the core business formats and alcohol sales has been confirmed, with the impact of weak alcohol consumption materializing as declines in customer traffic and sales. - FY2017-Q2MaterialisedAnnual report
「As consumption of alcoholic beverages stagnates across society, business formats with high dependence on alcohol sales are experiencing an increasingly pronounced decline in revenue.」
Declining demand for the main alcohol-dependent business formats has materialized as an actual downward trend in revenue. - FY2016First statedAnnual report
「Accordingly, the Company expects its business structure to remain dependent on the three business formats, 「忍家」, 「益益」 and 「味斗」. If the profitability of these formats declines due to changes in consumer preferences or other factors, the Company's performance could be affected.」
The Company recognizes the continued dependence of its business structure on the three formats, 忍家, 益益 and 味斗, as a near-term risk.