Declining demand for dining out and advertising due to an economic downturn and other factors
First written in FY2020. 1 of 3 entries say "Worsened", first in FY2022. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1MitigatedAnnual report
「During the fiscal year, Japan's economic environment was on a gradual recovery trend. At the same time, the restaurant industry's business conditions were also recovering, driven by a recovery in spending on dining out and inbound demand, but difficult conditions remain for restaurants' future operating environment, including higher raw material prices and a shortage of human resources.」
The company explained that the restaurant industry was recovering, supported by spending on dining out and inbound demand. Meanwhile, difficult conditions, including higher raw material prices and a labor shortage, remain. - FY2022WorsenedAnnual report
「A decline in restaurants' willingness to spend on promotion and a cooling of personal consumption caused by pressure on restaurant operators from higher raw material costs and foreign-exchange fluctuations resulting from the spread of COVID-19 infections and the recent deterioration in the global situation may affect the company's results of operations.」
In addition to conventional risks such as economic downturns, the company explicitly identified the impact of the global situation, higher raw material costs and foreign-exchange fluctuations on demand for dining out as risks. - FY2020First statedAnnual report
「If the economy deteriorates for any reason, including changes in the political situation, natural disasters, the spread of infectious diseases or tax reforms, and the resulting deterioration in the earnings of the company's customers leads to cuts in promotional expenses and other spending, this may affect the company's business, results of operations and financial position.」
External risks associated with dependence on the dining-out and advertising markets.