Risk of a contraction in the life-ending services market
First written in FY2017. 4 of 6 entries say "Worsened", first in FY2019. Latest entry: FY2023.
Kamakura Shinsho moved to the "Worse" side of this theme in 2019.
1 other company's latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「The number of funerals in Japan in fiscal 2022 was 496,808, continuing an upward trend since fiscal 2009. However, as views on funerals, Buddhist altars and graves have diversified and these services have become smaller in scale, unit prices have been trending downward. If unit prices continue to decline and the end-of-life market contracts, this could have a material impact on the Group's business and results of operations.」
It updates the market contraction risk by disclosing the latest number of funerals and the decline in unit prices as indicators of market size. - FY2021-Q2WorsenedAnnual report
「In the funeral services business as well, funeral sizes have been shrinking rapidly and the number of attendees has been declining sharply, while unit prices continue to trend downward.」
It provides specific details on the previously identified risks related to declining unit prices and market contraction, noting the rapid downsizing of funerals and decline in attendance. - FY2020WorsenedAnnual report
「If unit prices continue to decline and the end-of-life market contracts, this could have a material impact on the Group's business and results of operations.」
It updates the status of the market contraction risk by citing 446,724 funerals, the increasing shift toward smaller products and funerals, and declining unit prices. - FY2019WorsenedAnnual report
「If unit prices continue to decline and the end-of-life market contracts, this could have a material impact on the Group's business and results of operations.」
It updates the status of the market contraction risk by specifying 439,866 funerals, the increasing shift toward smaller products and funerals, and declining unit prices. - FY2018RestatedAnnual report
「If unit prices continue to decline and the end-of-life market contracts, this could have a material impact on our business and results of operations.」
It reiterates the possibility that continued declines in unit prices and market contraction could affect the business and results of operations. - FY2017First statedAnnual report
「If unit prices continue to decline and the end-of-life market contracts, this could have a material impact on our business and results of operations.」
It explicitly identifies continued declines in unit prices and market contraction as risks affecting the business and results of operations.