Frugal consumer sentiment, intensifying competition, rising food prices, and concerns about safety and peace of mind
First written in FY2016-Q3. 16 of 33 entries say "Restated". Latest entry: 2026-10-07.
Jm Holdings moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2022: 8 of 9 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- 2026-10-07RestatedGeneral Meetings of Shareholders
「The challenging operating environment continues, as rising labor, logistics, electricity and other costs, together with the weaker yen and surging raw-material prices, have led to continued food price increases, further strengthening consumers’ preference for saving and low prices.」
Continues to cite rising costs, food price increases, and consumers’ stronger preference for saving and low prices as factors contributing to the challenging operating environment. - FY2026-H1RestatedAnnual report
「In the food retail industry, the operating environment remains challenging, as consumers have become increasingly focused on saving and low prices because food price increases have continued amid the weak yen and soaring raw material prices, in addition to rising costs including labor and logistics costs and electricity charges.」
It continues to identify rising costs, food price increases caused by the weak yen and soaring raw material prices, and consumers’ focus on saving and low prices as factors contributing to the challenging food retail environment. - FY2025RestatedAnnual report
「In the food retail industry, the operating environment remains challenging, as consumers have become increasingly focused on saving and low prices because food price increases have continued amid the weak yen and soaring raw material prices, in addition to rising costs including labor and logistics costs.」
It continues to describe rising costs, price increases caused by the weak yen and soaring raw material prices, and consumers’ focus on saving and low prices as factors behind the challenging food retail environment. - FY2025-H1RestatedAnnual report
「In the food retail industry, the operating environment remains challenging, as consumers have become increasingly focused on saving and low prices because food price increases have continued amid the weak yen and soaring raw material prices, in addition to rising costs including labor and logistics costs.」
It continues to identify rising costs, food price increases caused by the weak yen and soaring raw material prices, and consumers’ focus on saving and low prices as factors contributing to the challenging food retail environment. - FY2024-Q3RestatedAnnual report
「In the food retail industry, the operating environment remains challenging, as consumers have become increasingly focused on saving and low prices amid rising costs, including labor and logistics costs, compounded by repeated food price increases.」
It continues to identify rising costs, food price increases, and consumers’ focus on saving and low prices as factors contributing to the challenging food retail environment. - FY2024-Q1WorsenedAnnual report
「In the food retail industry, the operating environment remains challenging, as consumers have become increasingly focused on saving and low prices amid rising labor, logistics, and utility costs, compounded by repeated food price increases.」
In addition to previous food price increases and consumers’ focus on saving and low prices, the description now explicitly includes rising labor, logistics, and utility costs, broadening the cost pressures covered. - FY2023-Q3RestatedAnnual report
「The food retail industry continues to face a challenging operating environment as rapid yen depreciation and surging crude oil and raw-material prices have led to repeated food price increases, while stronger consumer preferences for thrift and low prices have further intensified sales competition across industry and business-format boundaries.」
The company continues to identify rapid yen depreciation, price increases caused by surging crude oil and raw-material prices, preferences for thrift and low prices, and intensifying competition across industry and business-format boundaries as factors behind the challenging business environment. - FY2023-Q2WorsenedAnnual report
「The food retail industry continues to face a challenging operating environment as rapid yen depreciation and surging crude oil and raw-material prices have led to repeated food price increases, while stronger consumer preferences for thrift and low prices have further intensified sales competition across industry and business-format boundaries.」
The company states that, in addition to price increases caused by rapid yen depreciation and surging crude oil and raw-material prices, preferences for thrift and low prices and competition across industry and business-format boundaries have become even stronger. - FY2023-Q1RestatedAnnual report
「Consumers' preference for low prices and thrift has become even more deeply rooted in the food retail industry, while repeated food price increases have continued due to surging crude oil and raw-material prices and the rapid depreciation of the yen, making sales competition across industry and business-format boundaries increasingly intense.」
The company continues to identify preferences for low prices and thrift, surging crude oil and raw-material prices, food price increases due to the weaker yen, and intensifying competition across industry and business-format boundaries as factors behind the challenging business environment. - FY2022WorsenedAnnual report
「Consumers' preference for low prices and thrift has become even more deeply rooted in the food retail industry, while repeated food price increases have continued due to surging crude oil and raw-material prices and the rapid depreciation of the yen, further intensifying sales competition across industry and business-format boundaries.」
In addition to the traditional preferences for low prices and thrift, rising raw-material prices, and intensifying competition, the company explicitly identifies the rapid depreciation of the yen and repeated food price increases as factors behind the challenging business environment. - FY2022-Q3WorsenedAnnual report
「Consumers' preference for low prices and thrift has become even more deeply rooted in the food retail industry, while repeated food price increases have continued due to surging crude oil and raw-material prices, further intensifying sales competition across industry and business-format boundaries.」
The company identifies the increasingly entrenched preferences for low prices and thrift, food price increases caused by surging crude oil and raw-material prices, and intensifying competition across industry and business-format boundaries. - FY2022-Q2WorsenedAnnual report
「Although conditions have eased from the initial phase of the COVID-19 pandemic and demand for eating at home associated with requests to refrain from going out and from dining out has continued, consumers' preference for low prices and thrift remains deeply rooted due to concerns about household finances. Sales competition across industry and business-format boundaries has become even more intense.」
While acknowledging that conditions have eased from the initial phase of the COVID-19 pandemic and that demand for eating at home has continued, the company describes the persistence of preferences for low prices and thrift and the further intensification of sales competition across industry and business-format boundaries. - FY2022-Q1MaterialisedAnnual report
「Operating profit was ¥1,328 million, down ¥308 million, or 18.9%, from the same quarter of the previous year; ordinary profit was ¥1,438 million, down ¥216 million, or 13.1%; and net income attributable to owners of the parent was ¥601 million, down ¥150 million, or 20.0%. This was affected by a temporary decline in the gross profit margin resulting from continued opening sales at stores opened in the previous fiscal year and the decision to hold selling prices unchanged as a sales promotion measure amid volatile produce markets caused by adverse weather and revisions to purchase prices due to higher raw-material costs.」
The company states that volatility in produce markets due to adverse weather, higher raw-material costs, and revisions to purchase prices actually resulted in a lower gross profit margin and declines in operating profit and other earnings. - FY2021-Q3RestatedAnnual report
「The consumer environment has deteriorated as the food retail industry has seen a stronger thrift orientation driven by greater awareness of protecting household finances and an even stronger preference for low prices amid concerns about household finances. Sales competition across industry and business-format boundaries has also become increasingly intense.」
The company continues to identify the deterioration in the consumer environment resulting from stronger awareness of protecting household finances, a thrift orientation, and a preference for low prices, as well as intensifying sales competition across industry and business-format boundaries. - FY2021-Q2WorsenedAnnual report
「The consumer environment has deteriorated as the food retail industry has seen a stronger thrift orientation driven by greater awareness of protecting household finances and an even stronger preference for low prices amid concerns about household finances. Sales competition across industry and business-format boundaries has also become increasingly intense.」
The company states that the consumer environment has deteriorated as awareness of protecting household finances, the thrift orientation, and the preference for low prices have strengthened, while sales competition across industry and business-format boundaries has also become more intense. - FY2021-Q1WorsenedAnnual report
「The consumer environment has deteriorated as the food retail industry has seen a stronger thrift orientation driven by greater awareness of protecting household finances and an even stronger preference for low prices amid concerns about household finances, while the outlook remains uncertain.」
The company states that, amid the impact of COVID-19, greater concern about household finances, thrift orientation, and preference for low prices have further intensified, causing the consumer environment to deteriorate. - FY2020WorsenedAnnual report
「Since the government's declaration of a state of emergency on 7 April 2020, the food retail industry has been required to respond to various changes, including reviewing operating hours amid requests to refrain from going out, implementing measures to prevent infections among customers and employees, and securing products in response to increased demand for eating at home.」
In addition to the traditional competition and rising costs, the company identifies changes in the operating environment requiring responses to the state of emergency declaration, requests to refrain from going out, infection prevention, and product procurement. - FY2020-Q2RestatedAnnual report
「The food retail industry continues to face a challenging business environment due to intensifying competition across industry and business-format boundaries, consumers holding back on purchases as sentiment weakened following the consumption tax increase, and rising labor and logistics costs against a backdrop of labor shortages.」
The company identifies cross-format competition, reduced purchases following the consumption tax increase, and rising labor and logistics costs resulting from labor shortages as factors behind the continuing challenging business environment. - FY2020-Q1WorsenedAnnual report
「The food retail industry continues to face a challenging business environment due to intensifying competition across industry and business-format boundaries, consumers holding back on purchases as sentiment weakened following the consumption tax increase, and rising labor and logistics costs against a backdrop of labor shortages.」
In addition to the traditional intensification of competition, labor shortages, and rising labor and logistics costs, the company explicitly identifies weaker consumer sentiment and reduced purchases following the consumption tax increase as factors behind the challenging business environment. - FY2019RestatedAnnual report
「The food retail industry continues to face a challenging operating environment due to consumers' deeply rooted thrift orientation, intensifying competition across industry and business-format boundaries, and rising labor and logistics costs against a backdrop of labor shortages.」
The company identifies the thrift orientation, cross-industry and cross-format competition, and rising labor and logistics costs resulting from labor shortages as factors behind the continuing challenging business environment. - FY2019-Q3RestatedAnnual report
「The food retail industry continues to face a challenging business environment due to consumers' deeply rooted thrift orientation, intensifying competition across industry and business-format boundaries, and rising labor and logistics costs against a backdrop of labor shortages.」
The company identifies the thrift orientation, cross-industry and cross-format competition, and rising labor and logistics costs resulting from labor shortages as factors behind the continuing challenging business environment. - FY2019-Q2RestatedAnnual report
「The food retail industry continues to face a challenging business environment due to consumers' deeply rooted thrift orientation, intensifying competition across industry and business-format boundaries, and rising labor and logistics costs against a backdrop of labor shortages.」
The company identifies the thrift orientation, cross-industry and cross-format competition, and rising labor and logistics costs resulting from labor shortages as factors behind the continuing challenging business environment. - FY2019-Q1RestatedAnnual report
「The food retail industry continues to face a challenging business environment due to consumers' deeply rooted thrift orientation, intensifying competition across industry and business-format boundaries, and rising labor and logistics costs against a backdrop of labor shortages.」
The company identifies the thrift orientation, cross-industry and cross-format competition, and rising labor and logistics costs resulting from labor shortages as factors behind the continuing challenging business environment. - FY2018MaterialisedAnnual report
「For the fiscal year, same-store sales in the supermarket business were 99.5% of the previous fiscal year's level. This was largely due to prolonged volatility in produce markets resulting from adverse weather, including persistent rain in August 2017 and typhoons on two consecutive weekends in October.」
The company states that adverse weather and volatility in produce markets resulted in same-store sales falling below the previous year's level. - FY2018-Q3WorsenedAnnual report
「The business environment for the food retail industry has changed significantly as the boundaries between food retail and other formats, such as convenience stores and drugstores, have diminished, online retail and online supermarkets have expanded, and more companies have entered the food delivery business each year.」
In addition to the traditional intensification of competition from other business formats, the company cites the narrowing gap between food retailers and convenience stores and drugstores, the expansion of online retail and online supermarkets, and the growing number of companies entering food delivery as evidence that the competitive environment for food retail has changed significantly. - FY2018-Q2WorsenedAnnual report
「In addition to these conditions, the food retail industry continues to face a challenging operating environment due to the risk of overall market contraction from population decline and Japan's declining birthrate and aging population, rising labor costs caused by labor shortages, and intensifying competition as more companies enter online retail and food delivery businesses each year.」
The company states that market contraction due to population decline and Japan's declining birthrate and aging population, rising labor costs due to labor shortages, and intensifying competition in online retail and food delivery are contributing to the continuing challenging operating environment. - FY2018-Q1MaterialisedAnnual report
「In the fresh fish division, poor catches drove up market prices for seasonal saury, autumn salmon, and locally caught fish. In addition to the recent decline in fish consumption, media reports about Anisakis food poisoning also affected net sales and gross profit.」
The company states that poor catches driving up fresh-fish market prices, the decline in fish consumption, and media reports concerning Anisakis food poisoning actually affected net sales and gross profit. - FY2017RestatedAnnual report
「The food retail industry remains challenging, with the industry expected to contract due to Japan's declining birthrate and aging population and the resulting decline in the customer base, while consumers are holding back on purchases due to a stronger thrift orientation, competition from other food-selling formats is intensifying, and customers are shifting to other industries such as online and internet shops.」
The company identifies Japan's declining birthrate and aging population, population decline, a thrift orientation, competition from other business formats, and customer migration to online shops as factors behind the continuing challenging business environment. - FY2017-Q3RestatedAnnual report
「The food retail industry remains challenging, with the industry expected to contract as a result of Japan's declining birthrate and aging population, while consumers are holding back on purchases due to a stronger thrift orientation, the customer base is shrinking due to population decline, competition from other food-selling formats is intensifying, and customers are shifting to other industries such as online and internet shops.」
The company identifies market contraction due to Japan's declining birthrate and aging population, a thrift orientation, population decline, competition from other business formats, and customer migration to online shops as factors behind the continuing challenging environment. - FY2017-Q2WorsenedAnnual report
「The operating environment for the retail industry remains challenging, with the industry expected to contract as a result of Japan's declining birthrate and aging population, while consumers are holding back on purchases due to a stronger thrift orientation, the customer base is shrinking due to population decline, competition from other food-selling formats is intensifying, and customers are shifting to other industries such as online and internet shops.」
In addition to the traditional thrift orientation and intensifying competition, the company identifies market contraction due to Japan's declining birthrate and aging population, fewer customers due to population decline, and customer migration to online shops as new factors contributing to the challenging environment. - FY2017-Q1RestatedAnnual report
「The operating environment for the retail industry remains challenging, as poor sales of autumn and winter products due to lingering summer heat, fewer customers due to typhoons and adverse weather, rising prices for fresh foods, particularly produce, and raw materials, and increasingly cautious consumer sentiment have weighed on the economy.」
The company identifies weather-related weak sales and fewer customers, rising prices for fresh foods and raw materials, and increasingly cautious consumer sentiment as factors behind the continuing challenging retail environment. - FY2016WorsenedAnnual report
「The operating environment for the food retail industry remains challenging due to competition across industry and business-format boundaries, instability in raw-material markets caused by adverse weather, rising construction and material costs, and difficulties recruiting personnel resulting from a shrinking working-age population and changes in employment conditions.」
In addition to intensifying competition, rising prices, and food safety and security concerns, the company identifies raw-material markets, construction and material costs, and difficulties recruiting personnel as factors contributing to the challenging environment. - FY2016-Q3First statedAnnual report
「Although personal consumption has shown signs of recovery, the food retail industry continues to face a challenging operating environment due to consumers' ongoing thrift orientation, intensifying competition from entrants from other sectors, rising food prices caused by the weaker yen, and growing concerns about food safety and security.」
The company identifies consumers' thrift orientation, entry by companies from other sectors, yen-driven price increases, and food safety and security concerns as factors behind the continuing challenging business environment.