Changes in the Business Environment Driven by the Expansion of E-Commerce and the Sharing Economy
First written in FY2019-Q1. 1 of 3 entries say "Worsened", first in FY2021. Latest entry: FY2025.
6 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company faces a situation characterized by changes in the customer demographics of its trading areas due to population decline, expansion of the e-commerce market, and surging construction material prices.」
The company continues to recognize population decline, changes in the customer demographics of its trading areas and expansion of the e-commerce market as structural changes in the business environment. - FY2021WorsenedAnnual report
「However, the operating environment for the retail industry surrounding the company is expected to be significantly affected by factors including the decline in demand following the special demand during the COVID-19 pandemic, worsening economic sentiment and employment conditions, the entrenchment of e-commerce use, the spread of telework, heightened health and hygiene awareness, and the lower frequency of dining out.」
The company describes the expansion of e-commerce use as an entrenched, structural change in the environment rather than a temporary change in consumer conditions. - FY2019-Q1First statedAnnual report
「We are also being required to respond to changes in the consumer environment, including the expansion of e-commerce and the sharing economy.」
The company has, for the first time, explicitly identified the expansion of e-commerce and the sharing economy as changes in the consumer environment distinct from conventional sales competition and stagnant consumption.