The Rise of Online Sales and Intensifying Cross-Format Competition
First written in FY2018-Q3. 12 of 17 entries say "Restated". Latest entry: FY2025.
Workman moved to the "Worse" side of this theme in 2021, 2 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".
- FY2025RestatedAnnual report
「In the workwear and uniform industry, corporate demand remains firm against a backdrop of solid corporate earnings, while personal consumption remains challenging as consumer sentiment has weakened amid sustained price increases and competition has intensified.」
The company continues to report a challenging competitive environment caused by weak personal consumption and intensifying competition. - FY2024RestatedAnnual report
「In addition, e-commerce sales of workwear are expanding, and price competition is intensifying.」
The company continues to report expanding e-commerce sales of workwear and intensifying price competition. - FY2024-Q2RestatedAnnual report
「In addition, the business environment is becoming more difficult due to higher procurement prices caused by the weaker yen and intensifying competition across business sectors.」
The company has reaffirmed the challenging competitive environment in which costs are rising because of the weaker yen and competition continues to intensify across formats. - FY2024-Q1RestatedAnnual report
「In the work uniform industry, corporate demand was recovering as economic activity resumed after the COVID-19 pandemic, but the difficult business environment continues due to higher procurement costs caused by the weaker yen and intensifying competition across business sectors.」
While reporting a recovery trend in corporate demand, the company has reaffirmed the environment of continuing intensification of competition across formats. - FY2023RestatedAnnual report
「In addition, e-commerce sales of workwear are expanding, and price competition is intensifying.」
The company continues to report expanding e-commerce sales of workwear and intensifying price competition. - FY2022WorsenedAnnual report
「E-commerce sales of workwear are also expanding, and price competition is intensifying.」
The company explicitly reported expanding e-commerce sales of workwear and intensifying price competition. It also reported intensifying competition in the outdoor and sports sectors as companies from other industries enter the market. - FY2022-Q1WorsenedAnnual report
「In the workwear and uniform industry, corporate demand for workwear remains weak owing to uncertainty about the outlook, while e-commerce sales continue to expand, particularly among individual consumers. Competition across industries and formats has intensified, creating a challenging operating environment.」
The company reported a challenging environment characterized by weak corporate demand, expanding e-commerce sales centered on individual consumers, and continuing intensification of competition across industries and formats. - FY2021WorsenedAnnual report
「In the workwear and uniform industry, demand for workwear declined as corporate earnings deteriorated in some industries, while e-commerce sales expanded, particularly among individual consumers. Competition across industries and formats intensified further, and the operating environment remains challenging.」
The company reported the expansion of e-commerce sales and the further intensification of competition across industries and formats. - FY2021-Q3WorsenedAnnual report
「In the workwear and uniform industry, economic activity stagnated because of COVID-19, weakening capital investment and construction activity and reducing demand for workwear. Meanwhile, e-commerce sales accelerated, and the operating environment remains challenging as competition intensifies across industries and formats.」
The company reported that e-commerce sales are accelerating and competition continues to intensify across industries and formats. - FY2021-Q2RestatedAnnual report
「However, demand for workwear declined in some industries, including automobiles, as economic activity stagnated because of infectious diseases. In addition, the operating environment remains challenging as competition intensifies across industries and formats.」
The company has reaffirmed the challenging competitive environment in which competition continues to intensify across industries and formats. - FY2020RestatedAnnual report
「The operating environment remains challenging because of higher procurement costs, including intensifying competition across industries and formats, higher labor costs in overseas production centers such as China, and rising domestic logistics costs.」
The company has reaffirmed the challenging competitive environment in which competition continues to intensify across industries and formats. - FY2020-Q3RestatedAnnual report
「In the working-uniform industry, demand for functional apparel has increased, but the operating environment remains challenging as procurement-cost pressures intensify due to stronger competition across industry boundaries, surging labor costs at overseas production sites such as China, and rising domestic logistics costs.」
The company has reaffirmed the challenging competitive environment in which competition continues to intensify across industry boundaries despite growing demand for functional apparel. - FY2020-Q1RestatedAnnual report
「In the working-uniform industry, the Tokyo Olympics and rising construction demand related to inbound tourism boosted the overall market. However, the operating environment remains challenging due to higher procurement costs resulting from surging labor and raw-material costs at overseas production sites, as well as competition with e-commerce websites.」
The company has reaffirmed the severity of the cross-format competitive environment, including competition with e-commerce sites. - FY2019RestatedAnnual report
「We also strengthened workwear, particularly the G-NEXT series, which has sufficient competitive strength against the growing online sales channel.」
The company recognizes the rise of online sales as part of the competitive environment and is responding by strengthening the G-NEXT series. - FY2019-Q1RestatedAnnual report
「The sports footwear industry also faces a challenging operating environment as competition across formats intensifies, including through the sale of safety footwear.」
The company has reaffirmed the challenging environment created by intensifying cross-format competition, including sports footwear companies selling safety footwear. - FY2018RestatedAnnual report
「Procurement prices have risen because of higher labor and raw-material costs in overseas production centers. In addition, the rise of online sales has contributed to an operating environment that cannot be viewed optimistically.」
The company has reaffirmed the severity of the competitive environment, owing to higher overseas production costs and the rise of online sales. - FY2018-Q3First statedAnnual report
「Procurement prices rose owing to the weaker yen and higher labor and raw-material costs in overseas production centers. In addition, the rise of online sales and intensifying competition across formats have created an operating environment that cannot be viewed optimistically.」
The company has identified, for the first time, the rise of online sales and intensifying cross-format competition as factors contributing to a challenging operating environment alongside higher procurement prices.