Gradual expansion of the food service market
First written in FY2017. 2 of 6 entries say "Restated". Latest entry: FY2023.
Cookbiz moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 33 of 49 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Sales turned to growth, increasing 113.3% year on year in 2022 and 114.1% in 2023, and the food-service industry market is returning to pre-COVID-19 levels.」
The company states that sales in the food-service industry market, which contracted during COVID-19, turned to year-on-year growth in 2022 and 2023 and are recovering toward pre-COVID-19 levels. - FY2021WorsenedAnnual report
「The market size contracted sharply to ¥18.2005 trillion in 2020, while annual food-service industry sales in 2021 were 98.6% of the previous year. The izakaya segment, with which the company has particularly close ties, remained in an extremely difficult position, with sales at 56.3% of the previous year due to restrictions and bans on alcoholic beverages.」
The food-service market contracted sharply to ¥18.2005 trillion in 2020, while annual sales in 2021 were 98.6% of the previous year and the izakaya segment remained in a difficult position at 56.3%. - FY2020SoftenedAnnual report
「The food-service industry's market size peaked at ¥29.0702 trillion in 1997 before declining to ¥22.8282 trillion in 2011, then showing signs of recovery at ¥23.2217 trillion in 2012 and growing steadily to ¥26.0439 trillion in 2019. However, following the spread of COVID-19 in 2020, food-service businesses implemented temporary closures, shortened operating hours and other measures in response to requests for voluntary restraint and states of emergency declared by the government and local authorities, significantly affecting the industry as a whole.」
The company describes market expansion through 2019, while explaining that COVID-19 undermined the premise of continued food-service market expansion in 2020 and significantly affected the industry as a whole. - FY2019RestatedAnnual report
「The market grew steadily to ¥25.7692 trillion in 2018. It is expected to expand gradually, supported by demand from an increase in inbound tourists and events such as the Tokyo Olympics.」
The company continues to identify the gradual expansion of the food-service market as an opportunity in its business environment. - FY2018RestatedAnnual report
「The market grew steadily to ¥25.6561 trillion in 2017. It is expected to expand gradually, supported by demand from an increase in inbound tourists and events such as the Tokyo Olympics.」
The company continues to identify the expansion of the food-service market as an opportunity in its business environment. - FY2017First statedAnnual report
「The market grew steadily to ¥25.4169 trillion in 2016. It is expected to expand gradually, supported by demand from an increase in inbound tourists and events such as the Tokyo Olympics.」
The company identifies the recovery and expansion of the food-service market as a business opportunity.