Decline in Demand for Gravestones in Outdoor and High-Priced Cemeteries

「During the cumulative first-quarter consolidated period, however, the number of contracts remained sluggish, resulting in net sales of ¥121 million.」

「In the cemetery business, sales opportunities for outdoor cemeteries were constrained by a decline in the inventory available for sale, resulting in fewer contracts.」

「However, during the interim accounting period, the number of contracts failed to increase, and profitability declined. Revenue was ¥296 million, down 20.6% year on year.」

「During the fiscal year, we struggled to move away from low-priced offerings, while declining inventory at major cemeteries led to a decrease in the number of sales. Revenue was ¥684 million, down 35.6% year on year.」

「However, during the interim accounting period, construction unit prices failed to rise due to consumers' preference for lower prices and other factors, and profitability declined. Revenue was ¥373 million, down 38.7% year on year.」

「Although the number of contracts for outdoor cemeteries, including traditional graves and tree burials, has been increasing steadily as the elderly population grows, the number of buyers of high-priced traditional graves has been declining year after year as attitudes toward burial change and the range of options expands. By contrast, demand for tree burials and shared graves has increased sharply. We are working to strengthen our sales capabilities by renovating and expanding existing cemeteries for which we have been contracted to handle recruitment and sales, as well as jointly developing temple-based tree burials surrounded by flowers, an area of expertise of our business partner Anchorage Co., Ltd. Revenue was ¥831 million, down 3.7% year on year.」

「The number of buyers of high-priced traditional graves has been declining year after year. By contrast, demand for tree burials and shared graves has increased sharply. We are working to strengthen our sales capabilities by renovating and expanding existing cemeteries for which we have been contracted to handle recruitment and sales, as well as jointly developing temple-based tree burials surrounded by flowers, an area of expertise of our business partner Anchorage Co., Ltd. Revenue was ¥279 million, up 16.1% year on year.」

「Although the number of contracts for outdoor cemeteries, including traditional graves and tree burials, has been increasing steadily as the elderly population grows, the number of buyers of high-priced traditional graves has been declining year after year as attitudes toward burial change and the range of options expands. By contrast, demand for tree burials and shared graves has increased sharply. We are working to strengthen our sales capabilities by renovating and expanding existing cemeteries for which we have been contracted to handle recruitment and sales, as well as jointly developing temple-based tree burials surrounded by flowers, an area of expertise of our business partner Anchorage Co., Ltd. Revenue was ¥1,224 million, down 4.5% year on year.」

「By contrast, demand for tree burials and shared graves has increased sharply, and the decline in construction unit prices has become more pronounced. In response, we are periodically reviewing our sales strategy, including renovating and expanding existing cemeteries for which we have been contracted to handle recruitment and sales.」

「By contrast, demand for tree burials and shared graves has increased sharply, and the decline in construction unit prices has become more pronounced. In response, we are periodically reviewing our sales strategy, including renovating and expanding existing cemeteries for which we have been contracted to handle recruitment and sales. Revenue was ¥599 million, up 5.4% year on year.」

「However, visitor numbers continued to decline due to the increase in competing cemeteries and the effects of the COVID-19 pandemic, and results were below the same quarter of the previous year. Revenue was ¥240 million, down 8.8% year on year.」

「By contrast, demand for tree burials and shared graves has increased sharply, and the decline in construction unit prices has become more pronounced. In response, we are periodically reviewing our sales strategy, including expanding and renovating existing cemeteries for which we have been contracted to handle recruitment and sales. In January 2022, Phase 3 of Shiraoka Cemetery in Shiraoka, Saitama Prefecture, one of the principal cemeteries for which we handle recruitment on behalf of the owner, opened. Sales exceeded the plan, and profitability improved significantly.」

「Although the number of contracts has been trending upward as the elderly population increases, the number of buyers of traditional high-priced cemetery plots and gravestones has been declining year after year as attitudes toward burial change and the range of options expands. By contrast, demand for tree burials and shared graves has increased sharply, and the decline in construction unit prices has become more pronounced. In response, we are periodically reviewing our sales strategy, including expanding and renovating existing cemeteries for which we have been contracted to handle recruitment and sales. Although the decline in visitor numbers caused by the COVID-19 pandemic remains unavoidable, profitability has improved as the contract rate has been trending upward.」

「The number of buyers of traditional high-priced cemetery plots and gravestones has been declining year after year. By contrast, demand for tree burials and shared graves has increased sharply, and the decline in construction unit prices has become more pronounced. In response, we are periodically reviewing our sales strategy, including expanding and renovating existing cemeteries for which we have been contracted to handle recruitment and sales. Although the decline in visitor numbers caused by the COVID-19 pandemic remains unavoidable, profitability has improved as the contract rate has been trending upward. Revenue was ¥569 million, up 8.3% year on year.」

「In contrast, demand for tree burials and shared graves has risen sharply, while the decline in construction prices has become increasingly pronounced. In response, we periodically review our sales strategy, including expanding and renovating existing cemetery parks for which we have been entrusted with plot solicitation and sales. Although the decline in visitor numbers caused by the COVID-19 pandemic remains unavoidable, the closing rate has been trending upward and earnings improved significantly. Revenue was ¥263 million, up 42.7% year on year.」

「The number of buyers of traditional high-priced cemetery plots and gravestones has been declining year after year. By contrast, demand for tree burials and shared graves has increased sharply, and the decline in construction unit prices has become more pronounced. In response, we are periodically reviewing our sales strategy, including expanding and renovating existing cemeteries for which we have been contracted to handle recruitment and sales.」

「Although the number of contracts for outdoor cemeteries has been trending upward as the elderly population increases, the number of buyers of high-priced traditional cemetery plots and gravestones has been declining year after year as attitudes toward burial change and the range of options expands. By contrast, demand for tree burials and shared graves has increased sharply, and the decline in construction unit prices has become more pronounced. In response, we are periodically reviewing our sales strategy, including expanding and renovating existing cemeteries for which we have been contracted to handle recruitment and sales.」

「By contrast, demand for tree burials and shared graves increased sharply, and the decline in construction unit prices became more pronounced. In response, we are periodically reviewing our sales strategy, including renovating existing cemeteries for which we have been contracted to handle recruitment and sales. ... Revenue was ¥525 million, down 16.4% year on year.」

「However, despite implementing various measures, the decline in visitor numbers caused by the consumption tax increase and the spread of COVID-19 became pronounced, and we were unable to halt the decline. Revenue was ¥1,175 million, down 10.4% year on year.」

「By contrast, demand for tree burials and shared graves has increased sharply, and the decline in construction unit prices has become more pronounced. In response, we are periodically reviewing our sales strategy, including renovating existing cemeteries for which we have been contracted to handle recruitment and sales. Revenue was ¥832 million, down 8.8% year on year.」

「Although the number of contracts for outdoor cemeteries has been increasing steadily as the population ages, the number of buyers of relatively high-priced cemetery plots and gravestones has been declining year after year as attitudes toward burial change and the range of options expands. By contrast, demand for tree burials and shared graves has increased sharply, and the decline in construction unit prices has become more pronounced. In response, we are continuously reviewing our sales strategy, including renovating existing cemeteries for which we have been contracted to handle recruitment and sales. Revenue was ¥628 million, down 0.2% year on year.」

「Although the number of contracts for outdoor cemeteries has been increasing steadily as the population ages, the number of buyers of relatively high-priced cemetery plots and gravestones has been declining year after year as attitudes toward burial change and the range of options expands. By contrast, demand for tree burials and shared graves has increased sharply, and the decline in construction unit prices has become more pronounced. In response, we are periodically reviewing our sales strategy, including renovating existing cemeteries for which we have been contracted to handle recruitment and sales. Revenue was ¥233 million, down 19.6% year on year.」

「Although the number of contracts for outdoor cemeteries has been increasing steadily as the population ages, the number of buyers of relatively high-priced cemetery plots and gravestones has been declining year after year as attitudes toward burial change and the range of options expands. By contrast, demand for tree burials and shared graves has increased sharply, and the decline in construction unit prices has become more pronounced. In response, we are periodically reviewing our sales strategy, including renovating existing cemeteries for which we have been contracted to handle recruitment and sales. Revenue was ¥912 million, down 1.1% year on year.」

「For outdoor cemeteries, although the number of contracts has been increasing steadily due to population aging, the customer base purchasing relatively high-priced cemetery plots and tombstones has continued to decline year after year as values concerning burial have changed and burial options have diversified. In contrast, demand for woodland burials and shared graves has increased sharply, making the decline in the average construction price even more pronounced. Revenue was ¥630 million, down 5.1% year on year.」

「For outdoor cemeteries, although the number of contracts has remained steady due to population aging, the customer base purchasing relatively high-priced cemetery plots and tombstones has continued to decline year after year as values concerning burial have changed and burial options have diversified. In contrast, demand for woodland burials and shared graves has increased sharply, making the decline in the average construction price even more pronounced. Revenue was ¥290 million, down 6.5% year on year.」

「For outdoor cemeteries, although the number of contracts has remained steady due to population aging, the customer base purchasing relatively high-priced cemetery plots and tombstones has continued to decline year after year as burial options have diversified. In contrast, demand for woodland burials and shared graves has increased, making the decline in the average construction price more pronounced.」

「For outdoor cemeteries, as burial options have diversified, consumers have become markedly more reluctant to purchase relatively high-priced cemetery plots and tombstones. Revenue was ¥922 million, down 9.3% year on year.」

「For outdoor cemeteries, as burial options have diversified, consumers have become markedly more reluctant to purchase relatively high-priced cemetery plots and tombstones. Revenue was ¥663 million, down 9.9% year on year.」

「As burial options have diversified, the number of purchasers of relatively high-priced cemetery plots and tombstones has continued to decline year after year.」

「Although the number of deaths has been trending upward, in the cemetery business of the memorial services industry to which the company belongs, the number of purchasers of relatively high-priced cemetery plots and tombstones has continued to decline year after year as burial options have diversified. While the number of contracts is increasing, the average construction price is trending downward.」

「Although the number of deaths has been trending upward, in the cemetery business of the memorial services industry to which the company belongs, the number of purchasers of relatively high-priced cemetery plots and tombstones has continued to decline year after year as burial options have diversified.」

「Although the number of deaths has been trending upward, in the cemetery business of the memorial services industry to which the company belongs, the number of purchasers of relatively high-priced cemetery plots and tombstones has continued to decline year after year as burial options have diversified.」

「Consumer trends of deferring purchases of relatively high-priced cemetery plots and tombstones and continuing to favor smaller plots」

「In the cemetery business, as burial options have diversified, the number of purchasers of relatively high-priced cemetery plots and tombstones has been declining year after year.」