Maturity of the Foodservice Market and Intensifying Competition
First written in FY2016. 21 of 37 entries say "Restated". Latest entry: FY2026.
Kichiri Holdings & moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 38 of 56 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The food-service industry in which our group operates has seen many new entrants because barriers to entry are relatively low. In addition, competition among stores has intensified as customer preferences have diversified.」
The company continues to describe market maturity, new entrants and intensifying competition resulting from increasingly diverse customer preferences as part of its business environment. - FY2026-H1RestatedAnnual report
「In the restaurant industry, the recovery trend has continued, supported by increased consumer demand for dining out as economic activity normalizes, as well as inbound demand. At the same time, the operating environment remains challenging, with labor shortages and rising prices for food ingredients and other costs becoming increasingly severe.」
The company continued to describe the coexistence of recovering dining-out and inbound demand with a challenging operating environment caused by labor shortages and rising food-ingredient costs. - FY2025WorsenedAnnual report
「Meanwhile, labour shortages and soaring food-material and other costs have become increasingly severe, and the business environment remains challenging.」
While food-service and inbound demand continue to recover, the company states that labour shortages and soaring food-material and other costs have become increasingly severe. - FY2025-H1Food-service demand recovery coexists with higher costs and labour shortagesAnnual report
「In the restaurant industry, the recovery trend has continued, supported by increased consumer demand for dining out as economic activity normalizes, as well as inbound demand. At the same time, the operating environment remains challenging, with labor shortages and rising prices for food ingredients and other costs becoming increasingly severe.」
While normalisation of economic activity and recovery in food-service and inbound demand were indicated, a challenging business environment persists due to labour shortages and soaring food-material and other costs. - FY2024RestatedAnnual report
「The food-service industry in which our group operates has seen many new entrants because barriers to entry are relatively low. In addition, competition among stores has intensified as customer preferences have diversified.」
The company continues to describe market maturity, new entrants and intensifying competition resulting from increasingly diverse customer preferences as part of its business environment. - FY2024-Q2RestatedAnnual report
「However, the economic outlook remained uncertain due to the prolonged Russia-Ukraine situation, soaring global resource prices and rising prices resulting from the weaker yen.」
While economic activity is normalising, an uncertain business environment continues due to geopolitical conditions, soaring resource prices and the weaker yen and rising prices. - FY2024-Q1RestatedAnnual report
「During the consolidated fiscal year, Japan’s economy moved clearly toward normalising economic activity as various restrictions imposed due to the spread of COVID-19 were eased and, on 8 May 2023, the disease was reclassified under the Infectious Diseases Control Law from Category 2-equivalent to Category 5. This eliminated the activity restrictions imposed for three years due to the disease. However, the economic outlook remained uncertain due to the prolonged Russia-Ukraine situation, soaring global resource prices and rising prices resulting from the weaker yen.」
The company reconfirms that demand recovery and a challenging environment coexist: activity restrictions have been lifted and economic normalisation is progressing, while uncertainty about the outlook continues due to geopolitical conditions, soaring resource prices and the weaker yen and rising prices. - FY2023Demand recovery and higher costs coexist after restrictions on activities were liftedAnnual report
「Although food-service demand has begun to recover following the lifting of various activity restrictions imposed during the three-year spread of COVID-19, the business environment remains challenging and uncertain due to soaring raw-material and utility costs, higher costs resulting from the weaker yen and labour shortages.」
While the lifting of activity restrictions and recovery in food-service demand were indicated, the environment remains challenging and uncertain due to higher costs for raw materials and utilities, the weaker yen and labour shortages. - FY2023-Q3Additional factors supporting economic normalisation, while the challenging environment continuesAnnual report
「The business environment in the food-service industry also became challenging,」
While the easing of restrictions on activities, stronger inbound demand and the return of people’s willingness to go out are indicated, the company states that the business environment for the food-service industry remains challenging. - FY2023-Q2A challenging environment continues even after restrictions on activities were easedAnnual report
「The business environment in the food-service industry also became challenging,」
While the easing of restrictions on activities and progress toward normalising economic activity are indicated, the company states that the business environment for the food-service industry remains challenging. - FY2023-Q1RestatedAnnual report
「The business environment in the food-service industry also became challenging,」
The company continues to describe a challenging business environment for the food-service industry, but indicates no material change regarding market maturity or intensifying competition. - FY2022RestatedAnnual report
「The food-service industry in which our group operates has seen many new entrants because barriers to entry are relatively low. In addition, competition among stores has intensified as customer preferences have diversified. As the industry itself matures, we believe it is important to engage with the market and continue providing new value.」
The company continues to describe market maturity, new entrants and intensifying competition resulting from increasingly diverse customer preferences as part of its business environment. - FY2022-Q3WorsenedAnnual report
「However, the Omicron variant, a strain of COVID-19, spread, and priority preventive measures were implemented in prefectures across Japan from January 2022, leaving the situation still requiring close monitoring.」
While recovery following regulatory easing was indicated, the spread of the Omicron variant and the priority preventive measures implemented in Japan from January 2022 again highlighted uncertainty surrounding the food-service market. - FY2022-Q2Recovery following regulatory easing and concerns over variantsAnnual report
「Meanwhile, as COVID-19 vaccinations, an important measure to prevent the spread of the disease, gained momentum from June 2021, infections declined substantially and states of emergency and priority preventive measures were lifted, easing restrictions on daily life and economic activity. However, the Omicron variant, a strain of COVID-19, showed signs of spreading overseas. Although the Japanese government was taking countermeasures, the situation still required close monitoring regarding the containment of COVID-19.」
While the company describes improved conditions resulting from vaccinations, a decline in infections and regulatory easing, the situation continues to require close monitoring due to signs of the Omicron variant spreading. - FY2022-Q1WorsenedAnnual report
「COVID-19 began spreading nationwide from urban areas. Local governments outside the major cities also requested that restaurants suspend operations or shorten their hours to prevent the spread of the disease, while the Japanese government declared states of emergency and implemented priority preventive measures. The outlook therefore remained uncertain.」
The spread of infections expanded from urban areas nationwide, with local-government requests to suspend operations or shorten business hours, states of emergency and priority preventive measures recorded, broadening the challenging environment surrounding the food-service market. - FY2021WorsenedAnnual report
「A third state of emergency was declared from late April 2021, among other measures, and the outlook remained uncertain.」
In addition to the previous spread of infections, requests to shorten business hours and the second state of emergency, the company describes a third state of emergency, with uncertainty surrounding the food-service market continuing. - FY2021-Q3WorsenedAnnual report
「Following an increase in infections during what was known as the third wave, local governments in urban areas requested that restaurants suspend operations or shorten their hours from late November 2020 to prevent the spread of COVID-19. In addition, a second state of emergency was declared from early January 2021, leaving the outlook uncertain.」
In addition to the third wave, the company describes the second state of emergency declared from January 2021 and requests to suspend operations or shorten business hours, further intensifying the challenging and uncertain environment surrounding the food-service market. - FY2021-Q2WorsenedAnnual report
「Following an increase in infections during what was known as the third wave, local governments in urban areas requested that restaurants suspend operations or shorten their hours from late November 2020 to prevent the spread of COVID-19. As a result, the outlook remained uncertain.」
The increase in infections during the third wave and requests for restaurants to suspend operations or shorten their hours further intensified the challenging environment surrounding the food-service market and increased uncertainty about the outlook. - FY2021-Q1RestatedAnnual report
「The business environment became challenging, with sales declining substantially due to requests from local governments to suspend operations to prevent the spread of COVID-19 and the increasing prevalence of remote work, among other factors.」
The company continues to describe a challenging environment for the food-service industry due to the spread of COVID-19, requests to suspend operations and the increasing prevalence of remote work. - FY2020-Q3WorsenedAnnual report
「However, from mid-March, the market for the food-service industry as a whole contracted rapidly as COVID-19 infections spread. After carefully considering impairment of fixed assets in light of the state of emergency declarations and requests for voluntary restraints issued by the national and local governments from April, the company recognised an impairment loss as a result」
In addition to the previously cited mature market and intensifying competition, the company describes the rapid contraction of the food-service market due to the spread of COVID-19, indicating an expansion of factors worsening the external environment. - FY2020-Q2WorsenedAnnual report
「Although consumer preferences have shifted toward higher-priced products alongside the economic recovery, consumer frugality, higher labour-related costs resulting from increases in part-time hourly wages, the impact of natural disasters such as typhoons, and the consumption tax rate increase in October have resulted in a persistently challenging business environment.」
In addition to the previous cost-consciousness and competitive environment, the company specifies labour costs resulting from higher part-time wages, natural disasters and the consumption tax rate increase as factors contributing to the challenging business environment. - FY2020-Q1RestatedAnnual report
「Although consumer preferences have shifted toward higher-priced products during the economic recovery, consumers generally remain highly cost-conscious. In addition, the expansion of the prepared-food industry and intensifying competition due to the ease of new entry have resulted in a persistently challenging business environment.」
While noting the shift in preferences toward higher-priced products, the company has reiterated the challenging environment, including consumer cost-consciousness, expansion of the prepared-food market and intensifying competition from new entrants. - FY2019SoftenedAnnual report
「Although consumer preferences have shifted toward higher-priced products alongside the economic recovery, some consumers remain cost-conscious. In addition, the expansion of the prepared-food industry and intensifying competition due to the ease of new entry have resulted in a persistently challenging business environment.」
The description of consumer cost-consciousness has been narrowed from “generally remaining high” immediately beforehand to “remaining among some consumers.” Meanwhile, the challenging environment caused by the expansion of the prepared-food market and intensifying competition continues. - FY2019-Q2RestatedAnnual report
「Although consumer preferences have shifted toward higher-priced products alongside the economic recovery, consumers generally remain highly cost-conscious. In addition, the expansion of the prepared-food industry and intensifying competition due to the ease of new entry have resulted in a persistently challenging business environment.」
While noting the shift in preferences toward higher-priced products, the company has reiterated the challenging environment, including cost-consciousness, expansion of the prepared-food market and intensifying competition from new entrants. - FY2019-Q1RestatedAnnual report
「Although consumer preferences have shifted toward higher-priced products alongside the economic recovery, consumers generally remain highly cost-conscious. In addition, the expansion of the prepared-food industry and intensifying competition due to the ease of new entry have resulted in a persistently challenging business environment.」
While noting the shift in preferences toward higher-priced products, the company has reiterated the challenging environment caused by cost-consciousness, expansion of the prepared-food market and intensifying competition from new entrants. - FY2018RestatedAnnual report
「The food-service industry in which we operate has seen many new entrants because barriers to entry are relatively low. In addition, competition among stores has intensified as customer preferences have diversified. As the industry itself matures, we believe it is important to engage with the market and continue providing new value.」
The company continues to describe market maturity, new entrants and intensifying competition resulting from increasingly diverse customer preferences as part of its business environment. - FY2018-Q3RestatedAnnual report
「Although consumer preferences have shifted toward higher-priced products alongside the economic recovery, some consumers remain cost-conscious. In addition, the expansion of the prepared-food industry and intensifying competition due to the ease of new entry have resulted in a persistently competitive business environment.」
An environment of intense competition continues due to the remaining cost-consciousness among some consumers, expansion of the prepared-food market and ease of new entry. - FY2018-Q2SoftenedAnnual report
「Although consumer preferences have shifted toward higher-priced products alongside the economic recovery, some consumers remain cost-conscious. In addition, the expansion of the prepared-food industry and intensifying competition due to the ease of new entry have resulted in a persistently challenging business environment.」
In addition to the shift toward higher-priced products, the description of cost-consciousness has been narrowed from “generally” remaining high to “remaining among some consumers.” Meanwhile, the challenging environment caused by the expansion of the prepared-food market and intensifying competition continues. - FY2018-Q1RestatedAnnual report
「Although consumer preferences have shifted toward higher-priced products alongside the economic recovery, consumers generally remain highly cost-conscious. In addition, the expansion of the prepared-food industry and intensifying competition due to the ease of new entry have resulted in a persistently challenging business environment.」
While noting the shift in preferences toward higher-priced products, the company continues to describe a challenging environment due to consumer cost-consciousness, expansion of the prepared-food market and intensifying competition. - FY2017RestatedAnnual report
「Although consumer preferences have shifted toward higher-priced products alongside a gradual economic recovery, consumers generally remain highly cost-conscious. In addition, the expansion of the prepared-food industry and intensifying competition due to the ease of new entry have created a persistently challenging business environment.」
The challenging environment, including consumer cost-consciousness, expansion of the prepared-food market and intensifying competition resulting from the ease of new entry, continues. - FY2017-Q3RestatedAnnual report
「Although consumer preferences have shifted toward higher-priced products alongside a gradual economic recovery, consumers generally remain highly cost-conscious. In addition, the expansion of the prepared-food industry and intensifying competition due to the ease of new entry have created a persistently challenging business environment.」
The challenging business environment, including consumer cost-consciousness, expansion of the prepared-food market and intensifying competition resulting from the ease of new entry, continues. - FY2017-Q2RestatedAnnual report
「Although consumer preferences have shifted toward higher-priced products alongside a gradual economic recovery, consumers generally remain highly cost-conscious. In addition, the expansion of the prepared-food industry and intensifying competition due to the ease of new entry have created a persistently challenging business environment.」
The company continues to describe consumer cost-consciousness, expansion of the prepared-food market and intensifying competition resulting from the ease of new entry as contributing to a challenging business environment. - FY2017-Q1RestatedAnnual report
「Although consumer preferences have shifted toward higher-priced products alongside a gradual economic recovery, consumers generally remain highly cost-conscious. In addition, the expansion of the prepared-food industry and intensifying competition due to the ease of new entry have created a persistently challenging business environment.」
The company continues to describe consumer cost-consciousness, expansion of the prepared-food market and intensifying competition resulting from the ease of new entry as contributing to a challenging business environment. - FY2016First statedAnnual report
「The foodservice industry has become a mature market due to the prolonged economic downturn and the growth of the prepared-food market, and same-store sales at foodservice operators have been trending downward.」
Market maturity, growth in prepared foods and lower prices are identified as business risks.