Difficult industry conditions due to a shortage of estheticians and competition from other industries
First written in FY2018-Q2. 3 of 10 entries say "Restated". Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022DroppedAnnual report
「The Group consists of the company and 4 consolidated subsidiaries, for a total of 5 companies, and its principal business is systems development.」
The traditional risks related to a flat market, personnel shortages and competition from other industries in the beauty and aesthetic services industry are not identified as major risks for the current fiscal year. The core business has shifted to systems development. - FY2020WorsenedAnnual report
「In the beauty and aesthetic services market, conditions deteriorated rapidly due to a decline in personal consumption following the October 2019 consumption tax increase and stagnation in economic activity resulting from the global spread of COVID-19 from 2020, while concerns over a substantial downturn in the domestic and global economies intensified.」
In addition to the traditional risks of a flat market, personnel shortages and competition from other industries, the consumption tax increase and the stagnation of personal consumption and economic activity caused by COVID-19 intensified the challenging industry environment. - FY2020-Q3MaterialisedAnnual report
「In the beauty and aesthetic services market, the operating environment has continued to be challenging due to a decline in personal consumption resulting from the consumption tax increase, intensifying competition across industries and business formats as services and products diversify, and higher labour costs resulting from tight labour supply and demand.」
The previously anticipated impact of the consumption tax increase was reflected in a decline in personal consumption and, together with higher labour costs and competition from other industries, has actually emerged as a challenging operating environment. - FY2020-Q2RestatedAnnual report
「In the beauty and aesthetic services market, the company’s principal business area, the market has remained broadly flat in recent years, while the operating environment has continued to be challenging due to concerns including weakening consumer sentiment, intensifying competition across industries and business formats as services and products diversify, higher labour costs resulting from tight labour supply and demand, and the impact of the consumption tax increase.」
A flat market, weakening consumer sentiment, competition from other industries, higher labour costs and the consumption tax increase continue to be identified as concerns in the beauty and aesthetic services market. - FY2020-Q1WorsenedAnnual report
「In the beauty and aesthetic services market, the market has remained broadly flat in recent years, while the operating environment has continued to be challenging due to concerns including weakening consumer sentiment, intensifying competition across industries and business formats as services and products diversify, higher labour costs resulting from tight labour supply and demand, and the impact of the consumption tax increase scheduled for this autumn.」
In addition to the traditional risks of a flat market, personnel shortages and competition from other industries, weakening consumer sentiment, higher labour costs and the consumption tax increase scheduled for this autumn have emerged as additional concerns, making the operating environment more challenging. - FY2019-Q3RestatedAnnual report
「In the beauty and aesthetic services industry, the market has remained broadly flat in recent years. However, the operating environment became challenging due to intensifying competition across industries and business formats, including hair and beauty services, relaxation services, other related beauty services, the general retail cosmetics market, beauty appliances and fitness gyms, as well as tight labour supply and demand and the impact of a series of natural disasters.」
A flat market, competition with related beauty services and other industries, tight labour supply and demand, and the impact of natural disasters continue to be identified as challenging industry conditions. - FY2019-Q2WorsenedAnnual report
「In the beauty and aesthetic services industry, the company’s principal business area, the market has remained broadly flat in recent years. However, the operating environment remained challenging due to intensifying competition across industries and business formats, including hair and beauty services, relaxation services, other related beauty services, the general retail cosmetics market, beauty appliances and fitness gyms, as well as tight labour supply and demand and the impact of a series of natural disasters.」
In addition to the traditional risks of a flat market, personnel shortages and competition from other industries, tight labour supply and demand and the impact of natural disasters made the industry environment more challenging. - FY2019-Q1RestatedAnnual report
「In the beauty and aesthetic services industry, the market has remained broadly flat in recent years, while the shortage of aestheticians caused by the declining birth rate and ageing population has continued, making the securing of personnel a key issue. In addition, competition is intensifying across industries and business formats, including hair and beauty services, relaxation services, other related beauty services, the general retail cosmetics market, beauty appliances and fitness gyms. Many chain-operated aesthetic salons therefore tend to slow or maintain their pace of new store openings, or consolidate and close stores, in order to secure the profitability of existing locations.」
A flat market, a shortage of aestheticians and intensifying competition with related beauty services, cosmetics, beauty appliances and fitness gyms remain challenges in the industry environment. - FY2018-Q3MaterialisedAnnual report
「Service revenue was under pressure because the supply of services did not progress as planned due mainly to the serious shortage of personnel in the aesthetic services industry.」
The shortage of aestheticians, previously identified as an industry risk, actually emerged in the form of delays in service provision and weak service revenue. - FY2018-Q2First statedAnnual report
「In the beauty and aesthetic services industry, the market has remained broadly flat in recent years, while the shortage of aestheticians caused by the declining birth rate and ageing population has continued, making the securing of personnel a key issue. In addition, competition is intensifying as the industry competes with other sectors, including home-use beauty appliances and fitness gyms. Many chain-operated aesthetic salons therefore tend to slow or maintain their pace of new store openings, or consolidate and close stores, in order to secure the profitability of existing locations.」
For the first time, the company collectively identified a flat market, personnel shortages, intensifying competition from home-use beauty appliances and fitness gyms, and the trend toward store consolidation and closures as industry risks.