Proliferation of Automated Columbariums in the Tokyo Metropolitan Area
First written in FY2017. 5 of 10 entries say "Worsened", first in FY2018-Q3. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023WorsenedAnnual report
「Sales in the cemetery business, including columbariums, have not progressed as planned due in part to restrictions on going out during the COVID-19 pandemic and the diversification of burial options.」
The full-year disclosure continues to state that, although measures to address the supply and demand environment for columbariums are ongoing, sales have not progressed as planned. - FY2021-Q3RestatedAnnual report
「However, in recent years, particularly in Tokyo, there has been a construction boom in columbariums, including automated columbariums, primarily targeting the baby-boom generation, and the market is currently oversupplied.」
The construction boom in columbariums in Tokyo and oversupply are continuing. - FY2020-Q2RestatedAnnual report
「However, in recent years, particularly in Tokyo, there has been a construction boom in columbariums, including automated columbariums, primarily targeting the baby-boom generation, and the market is currently oversupplied.」
States that the construction boom in columbariums in Tokyo and oversupply are continuing. - FY2019-Q3RestatedAnnual report
「In recent years, particularly in Tokyo, there has been a construction boom in columbariums, including automated columbariums, primarily targeting the baby-boom generation, creating a short-term oversupply.」
The construction boom in columbariums in Tokyo and short-term oversupply are continuing. - FY2019-Q2WorsenedAnnual report
「In recent years, particularly in Tokyo, there has been a construction boom in columbariums, including automated columbariums, primarily targeting the baby-boom generation, creating a short-term oversupply. Although we periodically reviewed our sales strategy in response, this was insufficient, and results fell substantially below plan. Revenue was ¥139 million, down 56.5% year on year.」
The construction boom in columbariums in Tokyo and short-term oversupply continued, and results fell substantially below plan even after the sales strategy was reviewed. Revenue from the indoor mausoleum business was down 56.5% year on year. - FY2019-Q1WorsenedAnnual report
「However, in recent years, particularly in Tokyo, there has been a construction boom in columbariums, including automated columbariums, primarily targeting the baby-boom generation, creating a short-term oversupply. Although we periodically reviewed our sales strategy in response, this was insufficient, and results fell substantially below plan. Revenue was ¥72 million, down 54.5% year on year.」
The construction boom in columbariums in Tokyo and short-term oversupply continued, and results fell substantially below plan even after the sales strategy was reviewed. Revenue from the indoor mausoleum business was down 54.5% year on year. - FY2018WorsenedAnnual report
「In recent years, particularly in Tokyo, there has been a construction boom in columbariums, including automated columbariums, primarily targeting the baby-boom generation. Although we periodically reviewed our sales strategy in response, this was insufficient, and results fell substantially below the initial plan. Revenue was ¥508 million, down 42.1% year on year.」
The construction boom in columbariums in Tokyo and the fragmentation of the customer base resulted in performance falling substantially below the initial plan even after the sales strategy was reviewed, with revenue from the indoor mausoleum business down 42.1% year on year. - FY2018-Q3WorsenedAnnual report
「In addition to the pronounced decline in outdoor cemetery construction unit prices and the increasing fragmentation of the customer base due to the proliferation of automated columbariums, development has become difficult in cemetery development investment projects. Taking into account a change in the purpose of the investment from the standpoint of financial soundness, and following a rigorous and conservative review of the timing and likelihood of recovery, we recorded ¥408 million as a provision for evaluation losses on cemetery development projects under extraordinary losses. As a result, both revenue and profit were substantially below the previous year.」
The customer base has become increasingly fragmented due to the proliferation of automated columbariums, resulting in difficulties developing cemetery investment projects and the recognition of valuation losses. - FY2018-Q2MaterialisedAnnual report
「However, automated columbariums have become somewhat oversupplied, particularly in Tokyo, and results fell below the initial plan. Revenue was ¥320 million, down 12.5% year on year.」
The competitive environment created by the proliferation of automated columbariums in Tokyo has materialized in the failure of the indoor mausoleum business to meet its initial plan and a 12.5% year-on-year decline in revenue. - FY2017First statedAnnual report
「Automated columbariums, particularly in the Tokyo metropolitan area, have become somewhat oversupplied. Based on an analysis of the expertise and track record accumulated to date, it has become essential to select advertising media with a greater focus on efficiency.」
Describes the competitive environment in which automated columbariums are proliferating in the Tokyo metropolitan area, and identifies a greater focus on advertising efficiency based on performance analysis as a necessary response.