Intensifying competition from competitors’ financial strength, pricing power and services
First written in FY2022. 3 of 7 entries say "Worsened", first in FY2023. Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 31 of 91 companies on the "Worse" side.
- FY2026-H1Business withdrawals emerging as competition intensifiesAnnual report
「Photo wedding services have continued to grow as a new wedding style even after the COVID-19 pandemic, and the number of new entrants seeking opportunities in the market surged for a time. More recently, however, the competitive environment has changed, with a number of providers withdrawing from the business as competition intensifies.」
The changing competitive environment is described, including the increase in new entrants followed by the emergence of providers withdrawing from the business as competition intensifies. - FY2025RestatedAnnual report
「While the photo wedding market has become more active as the number of businesses attempting to enter it, regardless of their size, has increased, the competitive environment has also changed, with providers offering low-priced services emerging in some regions.」
The change in the competitive environment resulting from the increase in new entrants and the emergence of low-priced providers continues to be identified. - FY2025-H1RestatedAnnual report
「While the photo wedding market has become more active as the number of businesses attempting to enter it, regardless of their size, has increased, the competitive environment has also changed, with providers offering low-priced services emerging in some regions.」
The increase in new entrants and the emergence of low-priced providers in some regions continue to be identified as factors intensifying competition. - FY2024-Q2WorsenedAnnual report
「Meanwhile, photo weddings have attracted attention as one of the new wedding styles, and particularly since the COVID-19 pandemic, more operators of all sizes have attempted to enter the photo wedding market. At the same time, operators offering services at low prices have emerged in some regions.」
In addition to the increase in new entrants, the company newly specifies the emergence of providers offering low-priced services in some regions, providing greater detail on the intensification of competition. - FY2024-Q1WorsenedAnnual report
「Revenue from the photo wedding services business was below the same period of the previous year, partly due to the delayed recovery in the number of marriages and the increase in new entrants, including small businesses.」
The increase in new entrants, including small businesses, has been explicitly identified, together with the delayed recovery in the number of marriages, as a factor affecting revenue. Revenue from photo wedding services declined 0.5% year on year. - FY2023WorsenedAnnual report
「If competitors introduce services equivalent or superior to those of our group, or offer them at lower prices than our group, our group’s initiatives may fail to produce the expected effects, potentially reducing our competitive advantage.」
In addition to the existing competitive risks arising from financial strength and pricing power, a scenario involving a decline in competitive advantage due to competitors introducing equivalent or superior services or offering services at lower prices has been added. - FY2022First statedAnnual report
「If competitors leverage their advantages more extensively than at present in selling their services or products, our group may be placed at a disadvantage in sales competition, may be unable to provide services or products as expected, or may be unable to maintain current order levels, potentially affecting our group’s financial position and operating results.」
The company identifies the possibility of declining order levels due to competitors’ financial strength, services and products, ability to develop stores, pricing power and other factors.