Komori
Sun-Life Holding (7040) · RiskMitigated

Decline in Revenue per Funeral Due to Smaller-Scale Funerals

First written in FY2019-Q3. 9 of 13 entries say "Restated". Latest entry: FY2024.

13entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019-Q3 – FY2020-Q3RestatedFY2021-Q2 – FY2024-Q22019: 420192020: 420202021: 120212022: 220222023: 120232024: 12024
Same theme, other companies
Progressive Simplification of Funerals, Family Funerals and Direct CremationsA theme 5 companies write about · 7 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Mitigated".

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Full recordFilings, disclosures and news, newest first
  1. FY2024MitigatedAnnual report

    「As a result, the number of funerals remained solid and revenue per funeral also increased, resulting in revenue of ¥9,773 million, up 7.5% year on year, and operating profit of ¥2,124 million, up 8.3% year on year.」

    In contrast to the decline in average revenue per funeral previously recognized due to the downsizing of funerals, it states that average revenue per funeral increased in the current period.
  2. FY2024-Q2RestatedAnnual report

    「In the ceremonial services business, amid intensifying competition and the trend toward smaller ceremonies and rituals,」

    It continues to present the ongoing downsizing of ceremonies and rituals as part of the operating environment for the funeral services business.
  3. FY2023-Q2RestatedAnnual report

    「In the ceremonial services business, amid intensifying competition and the trend toward smaller ceremonies and rituals resulting from the impact of COVID-19, the company is required to strengthen its corporate foundation so that customers will continue to choose its services.」

    It continues to present the ongoing downsizing of ceremonies and rituals due to the impact of the infectious disease as a change in the operating environment for the funeral business.
  4. FY2023-Q1RestatedAnnual report

    「In the ceremonial services business, amid intensifying competition and the trend toward smaller ceremonies and rituals resulting from the impact of COVID-19, the company is required to strengthen its corporate foundation so that customers will continue to choose its services.」

    It continues to state that ceremonies and rituals remain scaled down due to the impact of the infectious disease.
  5. FY2022-Q1RestatedAnnual report

    「In the ceremonial services business, amid intensifying competition and the trend toward smaller ceremonies and rituals due to the impact of COVID-19,」

    It states that ceremonies and rituals continue to be scaled down due to the impact of COVID-19.
  6. FY2021-Q2RestatedAnnual report

    「Revenue per funeral declined due to the impact of the downsizing of funerals resulting from requests to refrain from going out.」

    It continues to state that the downsizing of funerals resulting from requests to refrain from going out is a factor behind the decline in revenue per funeral.
  7. FY2021-Q1WorsenedAnnual report

    「Revenue per funeral declined due to the impact of the downsizing of funerals resulting from requests to refrain from going out.」

    In addition to the previous downsizing of funerals, requests to refrain from going out were explicitly cited as a factor behind the decline in revenue per funeral.
  8. FY2020WorsenedAnnual report

    「Revenue per funeral also declined year on year due to the downsizing of funerals, the impact of COVID-19 and other factors, so」

    In addition to the downsizing of funerals, COVID-19 was cited as a factor behind the decline in revenue per funeral.
  9. FY2020-Q3RestatedAnnual report

    「The number of funerals declined due to factors including renovation work at major funeral halls, while revenue per funeral declined due to the downsizing of funerals, so」

    It continues to state that the downsizing of funerals has reduced revenue per funeral.
  10. FY2020-Q2RestatedAnnual report

    「Revenue per funeral declined due to the trend toward smaller funerals, although」

    It continues to state that the downsizing of funerals has reduced revenue per funeral.
  11. FY2020-Q1RestatedAnnual report

    「Revenue per funeral declined due to the trend toward smaller funerals, although」

    It continues to state this quarter that revenue per funeral is declining due to the downsizing of funerals.
  12. FY2019RestatedAnnual report

    「Although revenue per funeral declined year on year due to the downsizing of funerals, revenue increased.」

    It continues to recognize a decline in revenue per funeral due to the downsizing of funerals.
  13. FY2019-Q3First statedAnnual report

    「Revenue per funeral declined due to the trend toward smaller funerals, although」

    It states that the downsizing of funerals actually led to a decline in revenue per funeral.
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Sun-Life Holding's next results are scheduled for 2026-11-09. Read the earnings preview
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