Declining Birthrate
First written in FY2018. 10 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, if Japan's declining birth rate progresses further in the future, this may affect the business and operating results.」
The continuing decline in the birth rate remains an external risk. - FY2025RestatedAnnual report
「However, if Japan's declining birth rate progresses further in the future, this may affect the business and operating results.」
The continuing decline in the birth rate remains an external risk. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It states that there have been no material changes in the risk associated with the continuing decline in the birth rate. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risk associated with the continuing decline in the birth rate. - FY2022RestatedAnnual report
「The group is advancing store-opening initiatives that take account of medium- to long-term population trends, while working to operate stores that appeal to a broad range of age groups, not only younger customers.」
The group continues its policy of addressing the declining birth rate risk through store openings based on population trends and store operations aimed at a broad range of age groups. - FY2021RestatedAnnual report
「The Company is advancing store-opening initiatives that take account of medium- to long-term population trends, while actively working to improve its stores and operating services so that they appeal to a broad range of age groups, not only younger customers.」
While pursuing store openings that take population trends into account and improving stores and services for a broad range of age groups, the Company continues to identify the declining birth rate as a risk. - FY2019RestatedAnnual report
「If Japan's declining birth rate progresses further in the future, this may affect the Company's business and operating results.」
The continuing decline in the birth rate remains an external risk. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risk associated with the continuing decline in the birth rate. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risk associated with the continuing decline in the birth rate. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in the business and other risks. - FY2018First statedAnnual report
「However, if Japan's declining birth rate progresses further in the future, this may affect the group's business and operating results.」
While incorporating population trends into its store-opening policy, the Company identifies the continuing decline in the birth rate itself as an external risk.