Weak private consumption, intensifying competition and rising social costs
First written in FY2017-Q1. 16 of 37 entries say "Restated". Latest entry: 2026-11-12.
Ocean System moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2025: 9 of 12 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The food industry's operating environment is expected to remain uncertain, as market entry by companies from other industries and price competition intensify further, while logistics costs surge and labor-related costs increase due to tight labor supply and demand.」
Continues to anticipate a challenging business environment resulting from market entry by companies from other industries and price competition, logistics expenses, and labor-related costs. - 2026-05-14WorsenedResults
「当社店舗の商圏へ競合他社の出店が相次ぎ、競争環境は一段と激化しました。」
スーパーマーケット事業における競争激化が、「一段と激化」と具体化されている。 - FY2026-H1Clearer polarization in consumer spending and continued high costsAnnual report
「Raw-material prices, labor costs, and logistics expenses continued to rise, while successive price increases for food and daily necessities further strengthened consumers' preference for saving and made the polarization of consumer spending more pronounced.」
Continued surges in raw-material prices, labor costs, and logistics expenses and successive price increases are newly highlighted alongside consumers' preference for saving, with the polarization of consumer spending becoming more pronounced. - FY2025-H1MaterialisedAnnual report
「Segment profit was ¥388 million, down 7.9% year on year, due to higher labor costs resulting from increased wage levels.」
Higher labor costs resulting from increased wage levels actually reduced profit in the supermarket business, with segment profit down 7.9% year on year. - FY2024RestatedAnnual report
「In the food retail industry as well, although personal consumption continued to show signs of recovery against a backdrop of improving employment and income conditions, prices rose by more than wages, and consumers' preference for low prices remained deeply rooted. Conditions remained challenging due to intensifying competition across industry and business-format boundaries and higher costs, including raw-material procurement prices, logistics and utility expenses, and labor costs.」
Reconfirms an environment in which personal consumption is recovering, while consumers' preference for low prices due to inflation outpacing wages, competition across business formats, and higher costs continue. - FY2024-Q3Inflation outpacing wage growth and continued preference for low pricesAnnual report
「In the food retail industry as well, although wage increases were seen among some consumers, prices rose by more than wages, and consumers' preference for low prices remained deeply rooted. Conditions remained challenging due to competition across industry and business-format boundaries and higher costs, including raw-material procurement prices, logistics expenses, utility costs, and labor costs.」
Describes conditions in which prices rose faster than wages despite wage increases for some, while consumers' preference for low prices, competition across business formats, and higher costs continued. - FY2024-Q2Continued preference for low prices amid price revisionsAnnual report
「In the food retail industry as well, consumers' preference for low prices remained deeply rooted despite successive price revisions, while competition intensified across industry and business-format boundaries and various costs, including raw-material procurement prices, logistics expenses, utility costs, and labor costs, increased, leaving conditions challenging.」
Describes a challenging environment in which consumers' preference for low prices remains strong despite successive price revisions, while competition across business formats and higher raw-material, logistics, utility, and labor costs continue. - FY2024-Q1RestatedAnnual report
「The food retail industry likewise continued to face challenging conditions, as competition intensified across industry and business-format boundaries, while the procurement prices of raw materials, logistics expenses, utility costs, and labor costs increased.」
Continues to describe a challenging business environment resulting from intensifying competition across business formats and higher raw-material, logistics, utility, and labor costs. - FY2023RestatedAnnual report
「The food retail industry likewise continued to face challenging conditions, including intensifying competition across business formats, higher raw-material procurement prices, and consumers' stronger preference for saving following successive price increases.」
Continues to describe a challenging business environment characterized by competition across business formats, higher raw-material procurement prices, and consumers' preference for saving due to price increases. - FY2023-Q3RestatedAnnual report
「In the food retail industry as well, competition across business formats intensified, while consumers' preference for saving strengthened following successive price increases, and utility costs and labor-related costs increased, leaving conditions challenging.」
Continues to describe a challenging business environment characterized by competition across business formats, consumers' preference for saving due to price increases, and higher utility and labor-related costs. - FY2023-Q2WorsenedAnnual report
「The food retail industry likewise continued to face challenging conditions, as competition across business formats intensified, consumers' preference for saving strengthened due to successive price increases, and utility costs and labor-related costs increased.」
Explicitly identifies intensifying competition across business formats, consumers' preference for saving due to successive price increases, higher utility costs, and higher labor-related costs as factors contributing to the challenging business environment. - FY2023-Q1WorsenedAnnual report
「The food retail industry likewise continued to face challenging conditions, including higher raw-material prices, logistics expenses, utility costs, and labor-related costs.」
In addition to the existing raw-material prices, logistics expenses, and labor-related costs, explicitly identifies higher utility costs, indicating a broader cost burden for the food retail industry. - FY2022WorsenedAnnual report
「In the food retail industry as well, demand for food prepared and consumed at home increased as the COVID-19 pandemic prompted people to refrain from going out. However, raw-material prices and logistics costs surged, labor-related costs increased, and competition to attract customers across business formats intensified, leaving conditions challenging.」
Indicates a tailwind from demand for food prepared and consumed at home, while also citing higher raw-material, logistics, and labor-related costs and intensifying competition to attract customers across business formats, emphasizing the challenging business environment. - FY2022-Q3WorsenedAnnual report
「In the food retail industry as well, demand for food prepared and consumed at home increased as people continued to refrain from going out. However, competition to attract customers across business formats intensified, while raw-material prices and logistics costs surged and labor-related costs increased, leaving conditions challenging.」
In addition to intensifying competition to attract customers across business formats, explicitly identifies surging raw-material prices, together with higher logistics and labor-related costs, while continuing to describe a challenging business environment despite increased demand for food prepared and consumed at home. - FY2022-Q2WorsenedAnnual report
「Demand for food prepared and consumed at home increased as people continued to refrain from going out due to the prolonged spread of infection, and sales continued to trend higher. However, competition to attract customers across business formats intensified further, while logistics costs surged and labor-related costs increased, leaving conditions challenging.」
Describes sales continuing to trend higher due to demand for food prepared and consumed at home, while also citing further intensification of competition to attract customers across business formats, surging logistics costs, and higher labor-related costs. - FY2022-Q1WorsenedAnnual report
「The food retail industry likewise remained challenging. Although demand for food prepared and consumed at home increased and sales continued to trend higher as people continued to refrain from going out due to the prolonged spread of infection, price competition intensified further due to market entry by companies from other industries, while logistics costs surged and labor-related costs increased.」
While indicating that sales continued to trend higher due to demand for food prepared and consumed at home, describes the continued and broader factors contributing to the challenging business environment, including further intensification of price competition from market entry by companies from other industries, surging logistics costs, and higher labor-related costs. - FY2021-Q3WorsenedAnnual report
「The food retail industry likewise remained challenging. Although demand for food prepared and consumed at home increased as the COVID-19 pandemic prompted people to refrain from going out, logistics costs and food procurement costs surged, while labor-related costs increased.」
In addition to the existing logistics and labor-related costs, explicitly identifies surging food procurement costs despite increased demand for food prepared and consumed at home, indicating that the factors contributing to the challenging industry environment have broadened. - FY2021-Q2RestatedAnnual report
「The food retail industry likewise remained challenging. Although demand for food prepared and consumed at home increased as the spread of infection prompted people to refrain from going out, market entry by companies from other industries and price competition intensified further, while logistics costs and labor-related costs increased.」
Continues to describe a challenging business environment resulting from market entry by companies from other industries and price competition, logistics costs, and labor-related costs, despite increased demand for food prepared and consumed at home. - FY2021-Q1RestatedAnnual report
「The food retail industry likewise remained challenging. Although demand for food prepared and consumed at home increased amid the stay-at-home consumption prompted by emergency measures, market entry by companies from other industries and price competition intensified further, while logistics costs surged and labor-related costs increased due to tight labor supply and demand.」
Continues to describe a challenging food-industry environment resulting from market entry by companies from other industries and price competition, logistics costs, and labor-related costs, despite increased demand for food prepared and consumed at home. - FY2020RestatedAnnual report
「The operating environment in the food industry surrounding the Group likewise remained challenging, as market entry by companies from other industries and price competition intensified further, while logistics costs surged and labor-related costs increased due to tight labor supply and demand.」
Continues to describe the challenging food-industry environment resulting from market entry by companies from other industries and price competition, logistics costs, and labor-related costs. - FY2020-Q3RestatedAnnual report
「The food industry likewise continued to face challenging conditions, as market entry by companies from other industries and price competition intensified further, while logistics costs surged and labor-related costs increased due to tight labor supply and demand.」
Continues to describe a challenging business environment characterized by intensifying market entry by companies from other industries and price competition, surging logistics costs, and higher labor-related costs resulting from tight labor supply and demand. - FY2020-Q2WorsenedAnnual report
「The food industry likewise continued to face challenging conditions, as market entry by companies from other industries and price competition intensified further, while logistics costs surged and labor-related costs increased due to tight labor supply and demand.」
Explicitly identifies surging logistics costs in addition to further intensification of market entry by companies from other industries and price competition, indicating that the factors contributing to the challenging business environment have intensified. - FY2020-Q2WorsenedAnnual report
「The food industry likewise continued to face challenging conditions, as market entry by companies from other industries and price competition intensified further, while logistics costs surged and labor-related costs increased due to tight labor supply and demand.」
Explicitly identifies surging logistics costs in addition to further intensification of market entry by companies from other industries and price competition, indicating that the factors contributing to the challenging business environment have intensified. - FY2020-Q1WorsenedAnnual report
「The food industry likewise continued to face challenging conditions, as market entry by companies from other industries and price competition intensified further, labor supply and demand remained tight, labor-related costs increased, and companies were required to respond to work-style reforms.」
Newly identifies further intensification of market entry by companies from other industries and price competition, higher labor-related costs, and the need to respond to work-style reforms, expanding the factors contributing to the challenging business environment. - FY2019-Q3WorsenedAnnual report
「The food industry likewise continued to face challenging conditions, as the increased burden of labor costs continued to affect earnings, while competition intensified due to higher logistics costs, growing demand for online retail, and market entry by companies from other industries.」
Explicitly identifies the burden of labor costs and higher logistics costs as factors affecting earnings, while continuing to cite intensifying competition from growing demand for online retail and market entry by companies from other industries. - FY2019-Q2WorsenedAnnual report
「The food industry likewise continued to face a challenging operating environment, as securing personnel and rising labor costs became major management issues, while consumers' preference for saving strengthened amid higher food and gasoline prices, and competition intensified due to growing demand for online retail and market entry by companies from other industries.」
In addition to securing personnel and rising labor costs, newly identifies consumers' stronger preference for saving due to higher food and gasoline prices, while continuing to cite intensifying competition from growing demand for online retail and market entry by companies from other industries. - FY2019-Q1WorsenedAnnual report
「The food industry likewise continued to face challenging conditions, as securing personnel and rising labor costs became increasingly significant management issues, while competition intensified due to growing demand for online retail and market entry by companies from other industries, in addition to competition from other retailers in the same industry.」
Explicitly identifies securing personnel and rising labor costs as increasingly significant management issues, and adds growing demand for online retail and market entry by companies from other industries as new factors intensifying competition. - FY2018WorsenedAnnual report
「The food industry likewise continued to face challenging conditions due to intensifying competition, including the rapid expansion of online retail, as well as higher corporate costs associated with securing personnel and the broader application of mandatory social insurance coverage.」
Explicitly identifies the rapid expansion of online retail, personnel recruitment costs, and higher corporate costs resulting from broader social insurance coverage, in addition to the existing competitive and consumption environment, as factors contributing to the challenging environment. - FY2018-Q3RestatedAnnual report
「The food industry likewise continued to face a challenging operating environment due to stagnant disposable income growth resulting from higher taxes and social insurance premiums, consumers' preference for saving, particularly among younger people amid concerns about the future, and competition from companies in the same industry and other business formats.」
Continues to identify higher social burdens, stagnant disposable income growth, younger consumers' preference for saving, and competition from companies in the same industry and other business formats as factors contributing to the challenging operating environment. - FY2018-Q2RestatedAnnual report
「The food industry likewise continued to face a challenging operating environment, as stagnant disposable income growth resulting from higher taxes and social insurance premiums and a sustained decline in the propensity to consume, particularly among younger people, weighed on conditions, while competition from companies in the same industry and other business formats persisted.」
Continues to identify stagnant disposable income growth resulting from higher social burdens, the lower propensity to consume among younger people, and competition as factors contributing to the challenging business environment. - FY2018-Q1RestatedAnnual report
「The food industry likewise continued to face a challenging operating environment, as securing personnel and rising labor costs became issues, while consumption recovered only slowly and competition from companies in the same industry and other business formats intensified.」
Continues to identify labor shortages, rising labor costs, the slow recovery in consumption, and competition from companies in the same industry and other business formats as factors contributing to the challenging operating environment. - FY2017WorsenedAnnual report
「In the food industry as well, although the employment and income environment remained firm, personal consumption recovered only slowly as consumers became increasingly concerned about protecting their livelihoods against future increases in taxes and social insurance premiums, while intensified competition across industries and business formats and higher labor costs resulting from tight labor supply and demand continued to create challenging conditions.」
Explicitly identifies higher social burdens, sluggish personal consumption, intensifying competition, and higher labor costs resulting from tight labor supply and demand as factors contributing to the challenging business environment. - FY2017-Q3RestatedAnnual report
「Consumers' preference for saving remained strong amid stagnant disposable income growth resulting from higher taxes and social insurance premiums, while the operating environment remained challenging due to competition from companies in the same industry and other business formats.」
Continues to face a challenging operating environment due to stagnant disposable income growth resulting from higher social burdens, consumers' preference for saving, and intensifying competition. - FY2017-Q2RestatedAnnual report
「The food industry likewise continued to face a challenging operating environment, as personal consumption remained sluggish due to stagnant disposable income growth resulting from higher taxes and social insurance premiums, while competition from companies in the same industry and other business formats persisted.」
Continues to describe higher social burdens, sluggish personal consumption, and competition from companies in the same industry and other business formats as a challenging business environment. - FY2017-Q1First statedAnnual report
「As social burdens such as consumption tax and social insurance premiums continued to trend higher, personal consumption remained sluggish due to stagnant growth in disposable income, and the operating environment remained challenging amid competition from companies in the same industry and from other business formats.」
First noted. Identifies stagnant disposable income growth, sluggish personal consumption, and competition from companies in the same industry and other business formats as business-environment risks.