Difficulty Maintaining Profitability Due to Price Competition with Competing Stores
First written in FY2016. 15 of 24 entries say "Restated". Latest entry: FY2026.
Zoa moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2026: 41 of 85 companies on the "Worse" side.
106 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The market environment surrounding the company has become increasingly competitive, with retailers of consumer electronics and cameras, PC specialty stores and PC parts specialty stores competing intensely through new store openings and discounting to maintain and expand market share. As a result, the company is operating in a difficult environment, including declining selling prices and profit margins.」
It continues to describe the risk of lower selling prices and declining profit margins associated with competition to open new stores and discounting competition. - 2026-05-14WorsenedEarnings
「The business environment remained challenging, owing to factors including rising component prices and intensifying price competition.」
Rising component prices and intensifying price competition were specifically identified as risks to the competitive environment and securing earnings. - FY2024RestatedAnnual report
「The market environment surrounding the company has become increasingly competitive, with retailers of consumer electronics and cameras, PC specialty stores and PC parts specialty stores competing intensely through new store openings and discounting to maintain and expand market share. As a result, the company is operating in a difficult environment, including declining selling prices and profit margins.」
It continues to explicitly identify the risk of lower selling prices and declining profit margins associated with competition to open new stores and discounting competition. - FY2023RestatedAnnual report
「The market environment surrounding the company has become increasingly competitive, with retailers of consumer electronics and cameras, PC specialty stores and PC parts specialty stores competing intensely through new store openings and discounting to maintain and expand market share. As a result, the company is operating in a difficult environment, including declining selling prices and profit margins.」
It continues to explicitly identify the risk of lower selling prices and declining profit margins associated with competition to open new stores and discounting competition. - FY2022RestatedAnnual report
「The market environment surrounding the company has become increasingly competitive, with retailers of consumer electronics and cameras, PC specialty stores and PC parts specialty stores competing intensely through new store openings and discounting to maintain and expand market share. As a result, the company is operating in a difficult environment, including declining selling prices and profit margins.」
The company continues to explicitly identify the risks of declining selling prices and profit margins due to competition to open stores and discounting competition. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter period, Japan's economy remained extremely challenging, particularly for the food service and tourism industries, as the spread of COVID-19 infections continued unabated. More recently, the number of new coronavirus cases has declined and the situation appears to have settled, but the outlook remains uncertain.」
It continues to describe the difficult economic conditions and weakness in personal consumption caused by COVID-19, as well as the lack of visibility into the outlook. While it also mentions the decline in new infections, uncertainty about the outlook remains. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter period, Japan's economy remained extremely challenging, particularly for the food service and tourism industries, as the spread of COVID-19 infections continued unabated. This lack of visibility is expected to persist for the time being.」
It continues to describe the difficult economic conditions and lack of visibility caused by the spread of COVID-19. - FY2021RestatedAnnual report
「The market environment surrounding the company has become increasingly competitive, with retailers of consumer electronics and cameras, PC specialty stores and PC parts specialty stores competing intensely through new store openings and discounting to maintain and expand market share. As a result, the company is operating in a difficult environment, including declining selling prices and profit margins.」
It continues to explicitly identify earnings pressure from competition to open new stores and discounting competition, lower selling prices, and declining profit margins. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter period, Japan's economy showed improvement in some industries due to the effects of the Go To campaign and other measures. However, the spread of coronavirus infections became even more severe toward year-end, and the number of corporate bankruptcies and unemployed people also trended upward as a result, leaving conditions difficult.」
While noting improvement in some industries, it also describes the worsening spread of COVID-19 toward year-end, the upward trend in corporate bankruptcies and unemployment, and the continuing difficult economic conditions. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter period, the Japanese economy continued to suffer rapid deterioration and sluggish personal consumption due to the spread of COVID-19, with no recovery in sight. The situation was expected to persist for the time being, and the period of uncertainty was expected to be prolonged.」
Regarding the economic deterioration and sluggish personal consumption caused by COVID-19, which continued from the previous quarter, the company states that no recovery is in sight and that the period of uncertainty is expected to be prolonged. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter period, the Japanese economy entered a difficult situation in which rapid deterioration continued as the spread of COVID-19 led to a state of emergency and widespread requests to refrain from going out and business closures. COVID-19 infections continued to spread, this situation was expected to persist for the time being, and the period of uncertainty was expected to continue for an extended period.」
In addition to the previously cited stagnation in consumption and uncertainty about the outlook, the company states that rapid economic deterioration is continuing due to requests to refrain from going out and business closures caused by the spread of COVID-19. - FY2020RestatedAnnual report
「The market environment surrounding the company has become increasingly competitive, with retailers of consumer electronics and cameras, PC specialty stores and PC parts specialty stores competing intensely through new store openings and discounting to maintain and expand market share. As a result, the company is operating in a difficult environment, including declining selling prices and profit margins.」
The company continues to explicitly identify the risks of declining selling prices and profit margins due to competition to open stores and discounting competition. - FY2020-Q3MaterialisedAnnual report
「However, as the slowdown in the Chinese economy caused by US-China trade friction began to affect domestic economic conditions, personal consumption has been trending downward due to the impact of the consumption tax increase.」
Regarding the decline in personal consumption due to the consumption tax increase, which had been described as a forecast and concern through the previous quarter, the company now states that consumption is actually trending downward as a result of the impact. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter period, the Japanese economy continued on a moderate recovery trajectory against the backdrop of solid corporate earnings and improved employment conditions. However, as the slowdown in the Chinese economy caused by US-China trade friction began to affect domestic economic conditions, personal consumption was expected to trend downward as households became more defensive ahead of the consumption tax increase.」
While describing the economy as being on a recovery trajectory, the company continues to cite a downward trend in personal consumption due to defensive household spending ahead of the consumption tax increase. - FY2020-Q1WorsenedAnnual report
「During the cumulative first quarter period, the Japanese economy continued on a moderate recovery trajectory against the backdrop of solid corporate earnings and improved employment conditions. However, as the slowdown in the Chinese economy caused by US-China trade friction began to affect domestic economic conditions, personal consumption was expected to trend downward as households sought to protect their standard of living amid the consumption tax increase and concerns about pensions.」
The explanation of personal consumption shifted from a combination of recovery and sluggishness to a downward trend against the backdrop of the consumption tax increase and concerns about pensions. - FY2018WorsenedAnnual report
「The market environment surrounding the company has become increasingly competitive, with retailers of consumer electronics and cameras, PC specialty stores and PC parts specialty stores competing intensely through new store openings and discounting to maintain and expand market share. As a result, the company is operating in a difficult environment, including declining selling prices and profit margins.」
The company explicitly cites declining selling prices and profit margins in addition to intensified competition, reinforcing the explanation of earnings pressure from competition. - FY2018-Q3SoftenedAnnual report
「During the cumulative third quarter period, the Japanese economy continued to recover moderately, including personal consumption, due to the recovery in corporate earnings and improvement in employment conditions. However, uncertainty in overseas markets and other factors continue to make the outlook unclear.」
The explanation of personal consumption changed from sluggishness and stagnation to a moderate recovery trajectory. Meanwhile, uncertainty about the outlook due to overseas market conditions remains. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter period, the Japanese economy continued on a moderate recovery trajectory, but personal consumption remained sluggish due to declining real wages.」
Despite the ongoing economic recovery, continued sluggish personal consumption against the backdrop of declining real wages is cited. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter period, the Japanese economy remained on a moderate recovery trajectory, but consumer spending lacked strength due to consumers' preference for saving and concerns about the future, and a full recovery in personal consumption had not yet been achieved.」
The continued weakness of personal consumption due to a preference for saving and concerns about the future is cited. - FY2017RestatedAnnual report
「The company continues to face intense price competition with rival retailers, making it difficult to secure profits. In addition, domestic PC shipments have continued to decline, leaving the outlook uncertain.」
Annual reports repeatedly cite the difficulty of securing profits amid intense price competition and uncertainty caused by declining PC shipments. - FY2017-Q3RestatedAnnual report
「Meanwhile, personal consumption has remained stagnant, as consumers have increasingly restrained purchases and shifted toward lower-priced products due to a stronger preference for saving.」
The continued stagnation of personal consumption due to a preference for saving, restrained purchasing and lower prices is cited. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter period, the Japanese economy saw solid employment conditions, but personal consumption remained sluggish, the economic recovery showed signs of stagnation, and foreign exchange markets also remained unstable.」
Sluggish personal consumption, a sense of economic stagnation and unstable foreign exchange markets continue to be cited. - FY2017-Q1RestatedAnnual report
「Although lower inflation has boosted real income, personal consumption has remained unstable due to sluggish growth in nominal wages and deteriorating consumer sentiment, among other factors.」
The instability of personal consumption and concerns about the economic outlook continue to be cited. - FY2016First statedAnnual report
「The company continues to face intense price competition with rival retailers, making it difficult to secure profits. In addition, sluggish consumption following the consumption tax increase has persisted, leaving the outlook uncertain.」
Price competition and sluggish consumption are identified as continuing risks in the operating environment.