Impact of Intensifying Market Competition on Same-Store Sales
First written in FY2017-Q1. 22 of 32 entries say "Restated". Latest entry: 2026-10-08.
Three F moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2018: 16 of 40 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- 2026-10-08RestatedEarnings
「In addition, rising personnel, energy and logistics costs mean that the challenging operating environment continues.」
The company continues to describe a challenging environment caused by rising personnel, energy and logistics costs. - FY2026WorsenedAnnual report
「In addition, in the convenience store industry, store visits are expected to become less frequent as consumers increasingly focus on protecting their household finances, resulting in continued reliance on higher average spend per customer to drive sales. Together with rising labor, energy and logistics costs, this is expected to result in a continued difficult operating environment.」
Lower visit frequency driven by consumers' focus on protecting their household finances and reliance on higher average spend per customer are expected, alongside higher labor, energy and logistics costs. - 2026-04-09WorsenedRevision of earnings forecasts
「The decline in customer visit frequency caused by changes in consumer behavior, including reduced purchasing volumes and consolidated shopping occasions, among other factors, meant that the number of customers continued to fall below the previous year.」
The decline in visit frequency caused by changes in consumer behavior and the resulting year-on-year shortfall in customer numbers are described as continuing. - FY2026-H1Continued expansion of inbound demand and rising store operating costsAnnual report
「In the convenience store industry, the further expansion of inbound demand has helped attract customers to some stores, while store operating costs continue to rise because of higher labor and utilities expenses, and the difficult operating environment continues.」
The update identifies the further expansion of inbound demand as an opportunity to attract customers to some stores, while recognizing that store operating costs continue to rise because of higher labor and utilities expenses. - FY2025-H1Growing inbound demand alongside slower sales growth and higher labor-shortage-related costsAnnual report
「In the convenience store industry, inbound demand increased further, but some people are avoiding leisure activities because of overtourism and other factors. As sales growth trends slow from the previous year's level, the difficult operating environment continues, requiring stores to address rising operating costs due to labor shortages and other factors.」
While the increase in inbound demand is presented as an opportunity, the document states that leisure activities are being restrained by overtourism, sales growth is slowing, and rising store operating costs driven by labor shortages must be addressed. - FY2025-Q1Growing inbound demand alongside slower sales growth and higher costsAnnual report
「In the convenience store industry, inbound demand increased further, but some people are avoiding leisure activities because of overtourism and other factors. As sales growth trends slow from the previous year's level, the difficult operating environment continues, requiring stores to address rising operating costs.」
While the increase in inbound demand is noted, the update newly adds the restraint on leisure activities caused by overtourism, slower sales growth and the need to address rising store operating costs. - FY2024Expected inbound demand alongside rising store operating costsAnnual report
「Amid intensifying competition across business formats, the convenience store industry is expected to benefit from further inbound demand as the number of visitors to Japan increases. However, store operating costs continue to rise because of higher utilities, labor and logistics expenses, and the difficult operating environment is expected to continue.」
While the increase in visitors to Japan is presented as an opportunity for inbound demand, the document describes a difficult environment in which store operating costs continue to rise because of higher utilities, labor and logistics expenses and other costs. - FY2024-Q3RestatedAnnual report
「In the convenience store industry, the recovery in pedestrian traffic has brought back consumption patterns focused on convenience, and sales have exceeded pre-pandemic levels. However, customer numbers have been slow to recover because of higher prices and changes in spending patterns following the pandemic, while the difficult operating environment continues, requiring stores to address rising operating costs resulting from higher utilities and labor expenses.」
While sales exceed pre-pandemic levels as pedestrian traffic recovers, the difficult environment requiring stores to address the delayed recovery in customer numbers and rising operating costs due to higher utilities, labor expenses and other costs is reiterated. - FY2024-Q2RestatedAnnual report
「In the convenience store industry, the recovery in pedestrian traffic has brought back consumption patterns focused on convenience, and sales have exceeded pre-pandemic levels. However, customer numbers have been slow to recover because of higher prices and changes in spending patterns following the pandemic, while the difficult operating environment continues, requiring stores to address rising operating costs resulting from higher utilities and labor expenses.」
While sales exceed pre-pandemic levels, the difficult environment requiring stores to address the delayed recovery in customer numbers and rising operating costs due to higher utilities, labor expenses and other costs is reiterated. - FY2024-Q1Sales above pre-pandemic levels, delayed customer-count recovery and higher costsAnnual report
「In the convenience store industry, the recovery in pedestrian traffic has brought back consumption patterns focused on convenience, and sales have exceeded pre-pandemic levels. However, customer numbers have been slow to recover because of higher prices and changes in spending patterns following the pandemic, while the difficult operating environment continues, requiring stores to address rising operating costs resulting from higher utilities and labor expenses.」
While sales have exceeded pre-pandemic levels, the update newly emphasizes the delayed recovery in customer numbers, higher prices and the need to address rising store operating costs due to higher utilities, labor expenses and other costs. - FY2023-Q1RestatedAnnual report
「In the convenience store industry, sales exceed the previous year as pedestrian traffic begins to recover, but have not yet reached a full recovery.」
It continues to be the industry's view that, while sales exceed the previous year as pedestrian traffic recovers, a full recovery, including to pre-pandemic levels, has not yet been achieved. - FY2022ReframedAnnual report
「Amid intensifying competition across business formats, changes in customer spending patterns caused by COVID-19 have made it more necessary than ever to tailor stores to the environment surrounding each location. It can be said that the industry has shifted from an era of competition between chains to one of competition between individual-store operators.」
The view of the competitive environment has been reorganized from the previous focus on competition between chains and business formats to an emphasis on how individual stores respond to their environments and competition between individual-store operators. - FY2022-Q3RestatedAnnual report
「In the convenience store industry, sales exceed the previous year as the impact of COVID-19 has run its course, but have not recovered to pre-pandemic levels.」
It is reiterated that, while industry sales exceed the previous year after the impact of COVID-19 has run its course, they have not recovered to pre-pandemic levels. - FY2022-Q2RestatedAnnual report
「More than a year has passed since the impact of the novel coronavirus infection emerged, and although sales are above the previous year’s level in the convenience store industry, they have not recovered to pre-pandemic levels.」
It is reiterated that, although sales exceed the previous year, they have not returned to pre-pandemic levels amid continued changes in usage patterns caused by COVID-19 and uncertainty in the industry environment. - FY2021RestatedAnnual report
「In the retail industry, as the supermarket industry gained presence amid lifestyle changes caused by the novel coronavirus infection, an uncertain outlook has continued even as each business format repeatedly experimented and adjusted in an effort to capture changing needs.」
It continues to describe the uncertainty surrounding the outlook as a difficult retail environment resulting from lifestyle changes, the growing presence of supermarkets, and competition among business formats in responding to changing needs. - FY2021-Q2RestatedAnnual report
「In the retail industry, as the supermarket industry gained presence amid changes in lifestyles, an uncertain outlook has continued even as each business format repeatedly experimented and adjusted in an effort to capture changing needs.」
It reiterates the view that an uncertain retail environment will continue due to changes in lifestyles, the growing presence of the supermarket industry, and competition among business formats in responding to those changes. - FY2021-Q1RestatedAnnual report
「In the retail industry, as competition within and across business formats intensified, customer usage patterns changed substantially due to restrictions on the movement of people and goods and new behavioral rules arising from measures to prevent infectious diseases, and uncertainty about the outlook has continued.」
It continues to describe a difficult retail environment resulting from intensifying competition within and across business formats. Changes in usage patterns due to the novel coronavirus were separately classified as a new risk. - FY2020-Q3RestatedAnnual report
「In the retail industry, competition between business formats intensified, while the labor shortage led to higher personnel expenses and raw material prices increased, resulting in a persistently difficult environment.」
It continues to cite a difficult retail environment resulting from competition between business formats, higher personnel expenses due to the labor shortage, and rising raw material prices. quantified is false and materialized is false. - FY2020-Q2RestatedAnnual report
「In the retail industry, competition between business formats intensified, while the labor shortage led to higher personnel expenses and raw material prices increased, resulting in a persistently difficult environment.」
It continues to cite a difficult retail environment resulting from competition between business formats, higher personnel expenses due to the labor shortage, and rising raw material prices. - FY2020-Q1RestatedAnnual report
「In the retail industry, competition between business formats intensified, while the labor shortage led to higher personnel expenses and raw material prices increased, resulting in a persistently difficult environment.」
It again cites competition between business formats, higher personnel expenses due to the labor shortage, and rising raw material prices as factors creating a difficult retail environment. - FY2019RestatedAnnual report
「In the convenience store industry, in addition to intensifying competition within the industry, competition for sales across business formats has become more intense, and a difficult environment is expected to continue.」
A difficult environment resulting from intensifying competition within the industry and competition for sales across business formats continues to be cited as an external risk. - FY2019-Q3RestatedAnnual report
「In the retail industry, competition between business formats intensified, while the labor shortage led to higher personnel expenses and raw material prices increased, resulting in a persistently difficult environment.」
It again cites competition between business formats, higher personnel expenses due to the labor shortage, and rising raw material prices as factors creating a difficult retail environment. - FY2019-Q2RestatedAnnual report
「In the retail industry, competition between business formats intensified, while the labor shortage led to higher personnel expenses and raw material prices increased, resulting in a continued difficult environment.」
It again cites competition between business formats, higher personnel expenses due to the labor shortage, and rising raw material prices as factors creating a difficult retail environment. - FY2019-Q1RestatedAnnual report
「In the retail industry, competition between business formats intensified while customers continued to prefer saving money. In addition, the shortage of labor led to higher personnel expenses, and raw material prices increased, resulting in a continued difficult environment.」
It again cites customers’ preference for saving money, competition between business formats, higher personnel expenses due to the labor shortage, and rising raw material prices as factors creating a difficult retail environment. - FY2018RestatedAnnual report
「In the convenience store industry, in addition to intensifying competition within the industry due to restructuring, competition for sales across business formats has become more intense, and an extremely difficult environment is expected to continue.」
It reiterates the view that an extremely difficult environment will continue due to intensifying competition resulting from industry restructuring and increasing competition for sales across business formats. - FY2018-Q3RestatedAnnual report
「In the convenience store industry, while customers’ preference for saving money remained strong, competition within the industry intensified due to restructuring, competition for sales across business formats became more intense, and the operating environment became difficult.」
Customers’ preference for saving money, intensifying competition due to industry restructuring, and continued competition for sales across business formats are again cited as factors creating a difficult operating environment. - FY2018-Q2RestatedAnnual report
「In the convenience store industry, while customers’ preference for saving money remained strong, competition within the industry intensified due to restructuring, competition for sales across business formats became more intense, and the operating environment became difficult.」
It continues to describe a difficult environment resulting from customers’ preference for saving money, intensifying competition within the industry, and increasingly intense competition for sales across business formats. - FY2018-Q1RestatedAnnual report
「The retail industry faced a difficult operating environment as competition intensified in a market where customers continued to have a strong preference for saving money.」
It continues to describe a difficult retail environment resulting from customers’ preference for saving money and intensifying competition. - FY2017WorsenedAnnual report
「In the convenience store industry, an extremely difficult environment is expected to continue due to aggressive store openings by major chains and intensifying competition with other business formats.」
In addition to the existing competition between business formats, it cites aggressive store openings by major chains and intensifying competition with other business formats, describing the industry environment as “extremely difficult.” - FY2017-Q3RestatedAnnual report
「In the retail industry, imported raw material prices and prices in general continued to rise due to the weaker yen, while competition between business formats also intensified, resulting in a continued difficult environment.」
It states that increases in imported raw material prices and prices in general due to the weaker yen, together with intensifying competition between business formats, have continued to create a difficult environment for the retail industry. - FY2017-Q2RestatedAnnual report
「The retail industry remained in a difficult environment due to cost pressures such as rising personnel expenses and intensifying competition between business formats.」
It states that cost pressures such as rising personnel expenses and intensifying competition between business formats continue to create a difficult environment for the retail industry. - FY2017-Q1First statedAnnual report
「However, intensifying market competition and other factors had a negative impact on sales at existing stores.」
It states that intensifying market competition actually had a negative impact on same-store sales.