Risk of Declining Japanese-Style Rooms and Tatami Demand
First written in FY2018. 2 of 6 entries say "Restated". Latest entry: FY2024.
Klass moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「Demand for tatami mats has declined due to a decrease in new housing starts and the westernization of homes, while the number of tatami shops has also continued to fall. In this environment, the Company has contributed to the succession and development of tatami shops by providing consulting on management modernization to approximately 750 tatami shops nationwide using the Company's tatami manufacturing equipment, rather than merely selling standalone equipment.」
The continued decline in the number of tatami shops, in addition to declining tatami demand, was explicitly identified. Consulting on management modernization for approximately 750 shops continues as a response measure. - FY2023ReframedAnnual report
「Demand for tatami mats has declined due to a decrease in new housing starts and the westernization of homes, while the number of tatami shops has also continued to fall, creating a risk for the tatami manufacturing equipment sales business. In this environment, the Company has not only sold standalone tatami manufacturing equipment to tatami shops, but has also provided consulting on the modernization of tatami shop management, including proposals to strengthen sales capabilities, diversify businesses and expand the range of products handled, contributing to the succession and development of approximately 750 tatami shops nationwide.」
While the risk of declining tatami demand was compounded by the decline in the number of tatami shops and business succession issues, support for tatami shop management was positioned not only as a risk response but also as an opportunity aligned with the SDGs and an opportunity to expand market share. - FY2022-Q3RestatedAnnual report
「Sales of coffin tatami mats and demand for residential tatami replacement brokerage services remained sluggish as the impact of COVID-19 continued.」
The decline in sales of coffin tatami mats and demand for residential tatami replacement due to the impact of COVID-19 has continued. - FY2022-Q1MaterialisedAnnual report
「Demand for coffin tatami mats and residential tatami replacement remained sluggish due to the downsizing of funerals affected by COVID-19.」
The risk of declining tatami demand emerged in the quarter as sluggish sales of coffin tatami mats and weak demand for residential tatami replacement. - FY2019RestatedAnnual report
「Tatami demand has declined due to the decrease in new housing starts and the reduction in Japanese-style rooms in homes. If the company is unable to further increase its share of tatami manufacturing equipment sales, sales of tatami manufacturing equipment may decline and affect the company's operating results.」
The decline in tatami demand due to the reduction in Japanese-style rooms and the continued response of increasing market share have continued. - FY2018First statedAnnual report
「Tatami demand has declined due to the decrease in new housing starts and the reduction in Japanese-style rooms in homes.」
The company disclosed the possibility of lower sales if it is unable to increase its market share in the tatami manufacturing equipment market.