Weak consumption, labor shortages and rising costs in the food-service and retail industries
First written in FY2017-Q1. 7 of 25 entries say "Restated". Latest entry: FY2023.
Shin Maint Holdings moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 6 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual report
「Our group is rapidly expanding into industries other than the restaurant industry, including merchandise sales, nursing-care facilities, hotels and hospitals, and is steadily working to reduce the restaurant industry’s share of our total sales.」
The separate risk items previously relating to weak consumption, labor shortages and higher costs in the restaurant and retail industries were not identified among the business and other risks for the current fiscal year. - FY2023-Q2RestatedAnnual report
「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The description confirms that the previous risks relating to weak consumption, labor shortages and higher costs in the restaurant and retail industries continued, with no material changes. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The description confirms that the previous risks relating to weak consumption, labor shortages and higher costs in the restaurant and retail industries continued, with no material changes. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The description confirms that the previous risks relating to weak consumption, labor shortages and higher costs in the restaurant and retail industries continued, with no material changes. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The description confirms that the previous risks relating to weak consumption, labor shortages and higher costs in the restaurant and retail industries continued, with no material changes. - FY2021RestatedAnnual report
「Although we have continued these activities, the number of requests for Emergency Maintenance Services, which account for most of our group’s revenue, has decreased year on year due in part to the social conditions arising from COVID-19.」
The description reconfirms for the full fiscal year that demand for emergency maintenance related to major customers declined under the impact of social conditions caused by the pandemic. - FY2021-Q3WorsenedAnnual report
「After the state of emergency was lifted in late May, a mood of easing self-restraint began to emerge as the number of new COVID-19 cases started to decline. Performance temporarily entered a recovery trend against the backdrop of government support measures for the recovery of spending on food and beverages, but it stalled again as the number of new cases began to increase, and requests from the government and local authorities to refrain from activities and shorten business hours were issued.」
The restaurant industry temporarily entered a recovery trend, but stalled again as new infections increased and the government and local authorities requested that people refrain from activities and that businesses shorten their operating hours. - FY2021-Q2WorsenedAnnual report
「Against this economic backdrop, many companies in the restaurant industry, our group’s principal customer base, continued to suffer from weak performance because customer traffic had not recovered overall. Meanwhile, some restaurant companies that enhanced delivery services and takeout menus at their stores, as well as fast-food and food-service companies focused on takeout, saw a recovery in performance.」
The description shows continuing differences among customers: many restaurant companies continued to suffer from weak performance because customer traffic had not recovered, while companies offering delivery and takeout services and food-service companies saw a recovery. - FY2021-Q1MaterialisedAnnual report
「In business activities, requests from the restaurant industry fell sharply under the state of emergency, although some companies began to show signs of recovery. Meanwhile, requests from some companies, including fast-food businesses and companies in the food-service industry focused on takeout, actually increased against the backdrop of strong performance. Even in the izakaya industry, where performance declined markedly, companies operating lunch services and takeout saw no significant decline in requests from our group, indicating that conditions varied by customer.」
While requests from the restaurant industry actually fell sharply under the state of emergency, requests increased or did not decline significantly at fast-food and food-service businesses and some izakaya, demonstrating differences among customers. - FY2020MaterialisedAnnual report
「However, from the latter half of February, after the end of the current consolidated fiscal year, sales in the restaurant industry fell sharply due to the spread of COVID-19, creating a serious and unpredictable situation.」
The description states that, from the latter half of February at the end of the current consolidated fiscal year, sales at the restaurant industry, our principal customer base, fell sharply due to the spread of COVID-19, creating a serious situation. - FY2020-Q3MaterialisedAnnual report
「Against this economic backdrop, the restaurant industry, our principal customer base, maintained solid overall sales despite temporary adverse weather, repeated landfalls of major typhoons in Japan and torrential rain. However, the situation remained unpredictable due to the continuing labor-shortage problem and the impact of the consumption tax increase.」
Weather-related factors such as major typhoons and torrential rain actually occurred, and the impact of the consumption tax increase was additionally described as a new burden. Meanwhile, overall restaurant-industry sales were described as solid. - FY2020-Q2ReframedAnnual report
「Against this economic backdrop, the restaurant industry, our principal customer base, maintained solid overall sales despite the rainy season ending much later than the previous year and negative factors such as typhoons making landfall and torrential rain, but the labor-shortage problem showed no improvement and the situation remained unpredictable.」
While overall restaurant-industry sales were described as solid, the description also cites the late end of the rainy season and weather-related factors such as typhoons and torrential rain, together with the continuing lack of improvement in labor shortages. - FY2020-Q1RestatedAnnual report
「Against this economic backdrop, the restaurant industry, our principal customer base, maintained solid overall sales, but the labor-shortage problem showed no improvement and the situation remained unpredictable.」
The description reconfirms that overall restaurant-industry sales remained solid while labor shortages showed no improvement and the unpredictable situation continued. - FY2019WorsenedAnnual report
「By business format, sales in the izakaya format were below the previous year for the tenth consecutive year, while overall restaurant-industry sales exceeded the previous year for the fourth consecutive year.」
While overall restaurant-industry sales continued to exceed the previous year, the izakaya format’s sales falling below the previous year extended from 9 consecutive years to 10 consecutive years. - FY2019-Q3MaterialisedAnnual report
「Against this economic backdrop, the restaurant industry, our principal customer base, was hit by natural disasters such as a major earthquake and typhoons, forcing many stores to close or shorten their operating hours. Planned suspensions of transportation services in the Kinki and Tokyo metropolitan areas also affected customer traffic in major consumption centers, but sales exceeded the previous year, partly because customer traffic remained relatively solid amid the tendency toward a warm winter.」
The description states that natural disasters such as a major earthquake and typhoons, store closures and shortened operating hours, and the impact on customer traffic from planned transportation suspensions actually occurred. Meanwhile, restaurant-industry sales exceeded the previous year, partly because of the tendency toward a warm winter. - FY2019-Q2ReframedAnnual report
「Against this economic backdrop, the restaurant industry, our principal customer base, maintained solid overall sales despite negative factors such as typhoons making landfall, torrential rain and extreme heat, but the labor-shortage problem showed no improvement and the situation remained unpredictable.」
While overall restaurant-industry sales were described as solid, the description also cites specific negative factors such as typhoons, torrential rain and extreme heat, together with the continuing lack of improvement in labor shortages. - FY2019-Q1RestatedAnnual report
「Against this economic backdrop, the restaurant industry, our principal customer base, maintained solid overall sales, but the labor-shortage problem showed no improvement and the situation remained unpredictable.」
The description reconfirms that overall restaurant-industry sales remained solid while labor shortages showed no improvement and the unpredictable situation continued. - FY2018ReframedAnnual report
「In 2017, sales in the restaurant industry, our principal customer base, remained solid, although the growth rate declined in October due to adverse weather, including typhoons and prolonged rain. By business format, sales in the izakaya format were below the previous year for the ninth consecutive year, although the rate of decline narrowed.」
While overall restaurant-industry sales were described as solid, the description identifies the slowdown in growth caused by typhoons and prolonged rain, as well as the izakaya format’s sales falling below the previous year for the ninth consecutive year, as specific concerns. - FY2018-Q3ReframedAnnual report
「Against this economic backdrop, the restaurant industry, our principal customer base, maintained strong overall sales despite negative factors such as adverse weather, including typhoons in October. However, sales in some business formats were below the previous year, and the continuing labor-shortage problem showed no improvement, so the situation remained unpredictable.」
While overall restaurant-industry sales were described as strong, the risk description became more specific by also citing adverse weather such as October typhoons, sales below the previous year in some business formats and continuing labor shortages. - FY2018-Q2ReframedAnnual report
「Against this economic backdrop, customer traffic in the restaurant industry, our principal customer base, remained solid and overall sales were strong despite negative factors such as adverse weather, but the labor-shortage problem showed no improvement and the situation remained unpredictable.」
While customer traffic and overall sales in the restaurant industry were described as strong, negative factors such as adverse weather were newly identified, changing the risk description to one that emphasizes continuing labor shortages. - FY2018-Q1SoftenedAnnual report
「Against this economic backdrop, customer traffic in the restaurant industry, our principal customer base, remained solid and overall sales were strong, but the labor-shortage problem showed no improvement and the situation remained unpredictable.」
Customer traffic and overall sales in the restaurant industry were described as strong, easing concerns about industry-wide sales, while labor shortages showed no improvement and the unpredictable situation continued. - FY2017SoftenedAnnual report
「In 2016, overall sales in the restaurant industry, our principal customer base, remained solid and increased year on year, although results varied by business format. In particular, sales in the izakaya format were below the previous year. Higher labor costs due to labor shortages also continued, and the industry remained in a difficult situation.」
While overall restaurant-industry sales improved to an increase year on year, differences among business formats, labor shortages, higher labor costs and difficult conditions continued. - FY2017-Q3SoftenedAnnual report
「Against this economic backdrop, overall sales in the restaurant industry, our principal customer base, increased year on year, although results varied by business format. Sluggish personal consumption and higher labor costs caused by labor shortages also continued, and the industry remained in a difficult situation.」
Overall restaurant-industry sales improved from the previous quarter’s stagnation to an increase year on year, while differences among business formats, sluggish personal consumption and higher labor costs due to labor shortages continued. - FY2017-Q2WorsenedAnnual report
「The restaurant industry, our principal customer base, remained in a difficult situation. Overall sales stagnated due mainly to adverse weather, including typhoons during the summer, while sluggish personal consumption and higher labor costs caused by labor shortages continued. In the merchandise and retail industries, overall sales were recovering year on year, but the growing consumer preference for saving remains a major concern.」
In the restaurant industry, sluggish sales due to adverse weather were added to the concerns, while in the retail industry, consumers’ stronger preference for saving was identified as a new concern despite the recovery in sales. - FY2017-Q1First statedAnnual report
「Our main customers in the food-service industry continue to face difficult conditions, with overall sales holding roughly at the previous year’s level while weak personal consumption and higher labor costs caused by labor shortages persist. Overall sales in the merchandise and retail industries also remain broadly flat year on year.」
Identifies weak personal consumption, labor shortages, labor costs and flat sales as pressures affecting the food-service and retail industries, which are key customer markets.