Risk of declining sales due to changes in consumer spending and competition
First written in FY2017. 11 of 12 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 40 of 63 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「Following the containment of COVID-19, the number of customers visiting restaurants, particularly, has begun to recover. However, as concerns remain about a resurgence of the infection, the outlook remains uncertain.」
While customer traffic in the restaurant business is recovering, uncertainty in the consumer and operating environment due to a resurgence of the infection continues. - FY2023RestatedAnnual report
「In the retail business, consumer purchasing trends for convenience goods, daily necessities and food have increasingly shifted toward one-stop and short-time shopping, with consumers increasingly tending to complete their shopping in one place and in a short time.」
The company continues to identify the risk of lower sales resulting from changes in consumer behavior and the opening of nearby competing facilities. - FY2023-Q2RestatedAnnual report
「The restaurant business has been particularly heavily affected by the spread of COVID-19. The company has undertaken structural reforms, including a review of store operations and logistics rationalization, and achieved some results. However, consumer reluctance to visit restaurants, particularly izakaya-style establishments, and concerns about a renewed spread of the infection mean that the outlook remains uncertain.」
The company continues to state that while the effects of the infection and consumer trends on the restaurant business continue, its structural reforms have produced some results. - FY2023-Q1RestatedAnnual report
「The restaurant business has been particularly heavily affected by the spread of COVID-19. The company has undertaken structural reforms, including a review of store operations and logistics rationalization, and achieved some results. However, consumer reluctance to visit restaurants, particularly izakaya-style establishments, and the possibility of a renewed spread of the infection mean that the outlook remains uncertain.」
The company states that while the effects of the infection and consumer trends on the restaurant business continue, its structural reforms have produced some results. - FY2022-Q2RestatedAnnual report
「The restaurant business has been particularly heavily affected by the spread of COVID-19. The company has begun structural reforms, including a review of store operations and logistics rationalization, but as declarations of a state of emergency and priority preventive measures continue to be issued intermittently, the outlook remains uncertain.」
The company continues to disclose the impact of the infection on the restaurant business and the uncertainty surrounding demand for dining out and the operating environment. - FY2021-Q2RestatedAnnual report
「In the retail industry, while food supermarkets have performed relatively steadily, department stores have lagged, resulting in differences in the pace of recovery depending on the products handled, industry and business format.」
The company describes a competitive and consumer environment under COVID-19 in which the pace of recovery differs by industry and business format. - FY2020-Q1RestatedAnnual report
「Despite a challenging environment, including the entry of new low-price-oriented formats and competitors, we worked to operate our stores efficiently, including those opened in the previous fiscal year.」
The company continues to disclose the challenging business environment resulting from the entry of new-format stores targeting low prices and competing stores. - FY2018RestatedAnnual report
「Our group operates retail, wholesale and restaurant businesses centered on fresh fish. However, if sales decline significantly due to changes in consumer spending trends arising from economic conditions, employment conditions and the income environment, or to the emergence of competing stores in areas where we open stores, the group's business performance may be affected.」
The company reconfirms the risk of lower sales due to changes in consumer spending trends and competing stores in its operating areas. - FY2018-Q3RestatedAnnual report
「However, the business environment is becoming increasingly challenging due to competition with other companies and higher purchase prices,」
The company reconfirms that competition with other companies has made the business environment more challenging in the wholesale business. - FY2018-Q2RestatedAnnual report
「However, the business environment is becoming increasingly challenging due to competition with other companies,」
The company reconfirms that competition with other companies has made the business environment more challenging in the wholesale business. - FY2018-Q1RestatedAnnual report
「In the food-service business, revenue increased due to the revenue contribution from new stores opened in the previous fiscal year, but existing stores struggled because of the entry of new low-price-oriented formats and competing stores.」
The company reconfirms that the entry of new-format stores targeting low prices and competing stores is putting pressure on sales and earnings at existing stores. - FY2017First statedAnnual report
「Our group operates retail, wholesale and restaurant businesses centered on fresh fish. However, if sales decline significantly due to changes in consumer spending trends arising from economic conditions, employment conditions and the income environment, or to the emergence of competing stores in areas where we open stores, the group's business performance may be affected.」
The company explicitly identifies changes in consumer spending driven by economic conditions, employment and income, and the emergence of competing stores in its operating areas as risks that could lead to lower sales.