Expansion of the Wedding Business into Asian Markets
First written in FY2017. 8 of 20 entries say "Worsened", first in FY2025. Latest entry: 2026-08-07.
Ichikura moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2026WorsenedAnnual report
「In China, demand for weddings stagnated and the number of weddings held declined due to economic trends and weaker consumer sentiment among younger people. Combined with intensifying price competition, the average price per wedding also declined, resulting in revenue and segment profit in China both falling below the previous consolidated fiscal year.」
In China, both the number of ceremonies held and the average revenue per ceremony declined, causing revenue and segment profit to fall below the previous fiscal year. Performance in establishing the business in the Asian market has deteriorated. - FY2026-H1WorsenedAnnual report
「In China, both the average revenue per ceremony and the number of ceremonies held declined, and revenue fell substantially below the previous interim consolidated accounting period.」
In the Chinese wedding business, both the average revenue per ceremony and the number of ceremonies held declined, and revenue fell substantially below the previous interim period. - FY2025WorsenedAnnual report
「In China as well, the number of ceremonies held declined because of a decrease in the number of contracted couples, resulting in revenue falling below the previous fiscal year.」
In the Chinese business, which operates 2 venues in Shanghai, the number of ceremonies held and revenue fell below the previous fiscal year because of a decline in contracted couples. Performance toward establishing the wedding business in the Asian market has deteriorated. - FY2024-Q1RestatedAnnual report
「Following the opening of a new venue at our Chinese subsidiary in September last year, revenue for the 1st quarter cumulative consolidated period was ¥1,228,776 thousand, up 7.3% year on year.」
The company continues to operate the new venue following its opening at the Chinese subsidiary and cites it as a factor behind the increase in wedding business revenue. No new opening milestones are stated for the current quarter. - FY2023AdvancedAnnual report
「We opened our first wedding venue in Shanghai, China, in March 2019, and our second venue opened during the current fiscal year.」
Following the first venue in Shanghai, the second venue, 嘉美麓徳高端婚礼会館 虹橋店, opened in September 2022, bringing the Asian market facility expansion to the operational opening stage. - FY2022AdvancedAnnual report
「We opened our first wedding venue in Shanghai, China, in March 2019 and aim to open our second venue during the current fiscal year.」
Following the first venue in Shanghai, the overseas expansion plan has progressed to the stage of aiming to open the second venue during the current fiscal year. The risk disclosures also state that construction of the second venue has begun. - FY2020-Q3RestatedAnnual report
「In addition, the wedding venue operated by the Chinese local subsidiary opened in March 2019」
The company continues to expand its wedding business into the Asian market, based on the opening of the wedding venue operated by its Chinese local subsidiary in March 2019. No new opening or establishment milestones are stated. - FY2020-Q1AdvancedAnnual report
「The wedding venue operated by the Chinese local subsidiary opened in March 2019」
Regarding expansion of the wedding business into the Asian market, the wedding venue operated by the established and consolidated Chinese local subsidiary reached the stage of opening. Upfront costs associated with the opening, including personnel, advertising and consumables expenses, have also been recognized. - FY2018-Q3AdvancedAnnual report
「During the 3rd quarter consolidated accounting period, we established 璨臻（上海）婚慶礼儀服務有限公司 (English name: CANZHEN (SHANGHAI) WEDDING SERVICES CO., LTD.) and made it a subsidiary.」
The expansion of the wedding business into the Asian market progressed to the establishment and consolidation of a local subsidiary in Shanghai and its inclusion in the scope of consolidation. - FY2018-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 October 2017, we resolved to establish a local subsidiary in Shanghai, China, as described below.」
Regarding expansion of the wedding business into the Asian market, the company resolved to establish a local subsidiary in Shanghai, China. The subsidiary was planned to be established in November 2017, with capital of 30 million yuan, 100% funded by the company, and was planned to operate wedding venues and conduct related businesses. - FY2017First statedAnnual report
「Overseas expansion: entry into the Asian market.」
The company explicitly states for the first time that entering the Asian market is part of its medium- to long-term strategy for the wedding business.