Risks of deteriorating earnings and losses arising from intensifying market competition and store openings and closures
First written in FY2017. 5 of 8 entries say "Restated". Latest entry: FY2026.
Kohnan Shoji moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2018: 11 of 30 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If market competition intensifies and store profitability deteriorates, or if store closures result in substantial losses, operating results could be affected. In addition, new store openings may be delayed, plans may have to be changed, or opening costs may increase due to changes in market competition, contracts with landowners and landlords, laws and regulations, and other factors, potentially affecting operating results.」
Continues to describe the risks of deteriorating store profitability and closure-related losses due to intensifying competition, as well as delays, changes to plans and higher costs for new store openings. - FY2024RestatedAnnual report
「If market competition intensifies and store profitability deteriorates, or if store closures result in substantial losses, operating results could be affected. In addition, new store openings may be delayed, plans may have to be changed, or opening costs may increase due to changes in market competition, contracts with landowners and landlords, laws and regulations, and other factors, potentially affecting operating results.」
Reiterates, within the same scope, the risks of deteriorating store profitability and closure-related losses due to intensifying competition, as well as delays, changes to plans and higher costs for new store openings. - FY2022RestatedAnnual report
「If market competition intensifies and store profitability deteriorates, or if store closures result in substantial losses, operating results could be affected. In addition, new store openings may be delayed, plans may have to be changed, or opening costs may increase due to changes in market competition, contracts with landowners and landlords, laws and regulations, and other factors, potentially affecting operating results.」
Reiterates, within the same scope, the risks of deteriorating store profitability and closure-related losses due to intensifying competition, as well as delays, changes to plans and higher costs for new store openings. - FY2021RestatedAnnual report
「If market competition intensifies and store profitability deteriorates, or if store closures result in substantial losses, operating results could be affected. In addition, new store openings may be delayed, plans may have to be changed, or opening costs may increase due to changes in market competition, contracts with landowners and landlords, laws and regulations, and other factors, potentially affecting operating results.」
Reiterates, within the same scope, the risks of deteriorating store profitability and closure-related losses due to intensifying competition, as well as delays, changes to plans and higher costs for new store openings. - FY2020RestatedAnnual report
「If market competition intensifies and store profitability deteriorates, or if store closures result in substantial losses, operating results could be affected. In addition, new store openings may be delayed, plans may have to be changed, or opening costs may increase due to changes in market competition, contracts with landowners and landlords, laws and regulations, and other factors, potentially affecting operating results.」
Reiterates, within the same scope, the risks related to deteriorating store profitability and closure-related losses, as well as delays, changes to plans and higher costs for new store openings. - FY2019WorsenedAnnual report
「If market competition intensifies and store profitability deteriorates, or if store closures result in substantial losses, performance could be affected. In addition, new store openings may be delayed, plans may have to be changed, or opening costs may increase due to changes in market competition, contracts with landowners and landlords, laws and regulations, and other factors, potentially affecting performance.」
In addition to deteriorating store profitability and closure-related losses, it explicitly identifies the risks of delays or changes to new store-opening plans due to contracts with landowners and landlords, laws and regulations, and higher store-opening costs, broadening the scope of the risks. - FY2018WorsenedAnnual report
「The Group faces an increasingly competitive environment, with the market shrinking due to population decline, intensifying competition from other home centers and competition from companies in other industries pursuing market share through low-price strategies. The outlook is expected to remain challenging.」
In addition to the expansion of existing competitors' store networks and deterioration in store profitability, it explicitly identifies market contraction due to population decline and intensifying competition from other industries pursuing low-price strategies, broadening the scope of competition and market-environment risks. - FY2017First statedAnnual report
「Our primary operating base is the Kansai region, but we continue to open stores in the Kanto region, our next most important market. At the same time, to counter aggressive store openings by competitors, we are pursuing new openings in existing markets, revitalizing existing stores, and closing unprofitable stores in parallel. If market competition intensifies and store profitability deteriorates, or if store closures result in substantial losses, our results could be affected.」
While maintaining Kansai as its primary base and continuing to expand in Kanto, the Company identifies competitors' aggressive store openings, lower store profitability, and losses from closing unprofitable stores as risks.