Low-Price Orientation and Intensifying Competition
First written in FY2017-Q1. 15 of 26 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2019: 21 of 41 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「During this period, the Company’s same-store sales during the interim consolidated accounting period exceeded the previous year. We believe this reflected the benefits of enhancing product added value while appropriately and promptly passing on increases in various costs to selling prices in light of the commensurate improvement in consumers’ sentiment and purchasing power, as well as strategically opening and closing stores with the aim of building an optimal store portfolio, or an efficient store network, that makes effective use of management resources.」
Same-store sales during the interim consolidated accounting period are described as having exceeded the previous year due to stronger consumer sentiment and purchasing power, the enhancement of product added value and the passing on of higher costs to selling prices, and strategic store openings and closures. - FY2025MitigatedAnnual report
「Against this backdrop, full-year same-store sales exceeded the previous year. We believe this reflected the benefits of enhancing product added value while appropriately passing on increases in various costs to selling prices in light of the commensurate improvement in consumers’ sentiment and purchasing power, as well as strategically opening stores, despite the number of openings and closures being the same as in the previous fiscal year, with the aim of building an optimal store portfolio, or an efficient store network, that makes effective use of management resources.」
Full-year same-store sales are described as having exceeded the previous year due to stronger consumer sentiment and purchasing power, the enhancement of added value and the passing on of higher costs to selling prices, and the benefits of the store portfolio. - FY2025-H1MitigatedAnnual report
「Against this backdrop, sales at all stores during the interim consolidated accounting period exceeded the previous year. We believe this reflected the appropriate passing on to selling prices of increases in various costs, including procurement costs, in light of the commensurate improvement in consumers’ sentiment and purchasing power, as well as the benefits of strategically opening and closing stores, despite the number of openings and closures being the same as in the previous fiscal year, with the aim of building an optimal store portfolio, or an efficient store network, that makes effective use of management resources.」
Sales at all stores are described as having exceeded the previous year due to stronger consumer sentiment and purchasing power and the passing on of higher costs to selling prices, while the downward impact of preferences for low prices and saving has temporarily weakened. - FY2024-Q3MitigatedAnnual report
「Against this backdrop, same-store sales in the third quarter exceeded the previous year for the third consecutive quarter, which we believe was largely attributable to consumers’ stronger sentiment and purchasing power as a result of adapting to full-scale price increases, improved employment conditions and higher wages.」
Same-store sales are described as having exceeded the previous year for the third consecutive quarter against a backdrop of stronger consumer sentiment and purchasing power resulting from improved employment conditions and higher wages. - FY2024-Q2MitigatedAnnual report
「During this period, same-store sales in the second quarter exceeded the previous year for the second consecutive quarter, which we believe was largely attributable to consumers’ stronger sentiment and purchasing power as a result of adapting to full-scale price increases, improved employment conditions and higher wages.」
Same-store sales are described as having exceeded the previous year against a backdrop of improved employment conditions and higher wages, which strengthened consumer sentiment and purchasing power. Downward pressures from preferences for low prices and saving have temporarily weakened. - FY2024-Q1RestatedAnnual report
「Against this backdrop, to prevail in competition with different business formats, including food supermarkets, convenience stores and online retailers, it is important to leverage the know-how and expertise unique to specialist fresh fish retailers, focus more than ever on product development and assortments that meet customer needs, including strengthening “seasonal fresh” products, provide vibrant stores and improve service levels.」
Intensifying competition with different business formats, including food supermarkets, convenience stores and online retailers, and the policy for addressing it continue to be described. - FY2023RestatedAnnual report
「There are particularly strong concerns that the deterioration in customers’ consumer sentiment caused by soaring fish prices and rising various costs, including the recent depreciation of the yen, will worsen conditions.」
Strong concerns over the deterioration in consumer sentiment caused by higher fish prices and various costs, including the depreciation of the yen, continue. - FY2023-Q3RestatedAnnual report
「There are particularly strong concerns that the deterioration in customers’ consumer sentiment caused by soaring fish prices and rising various costs, including the recent depreciation of the yen, will worsen conditions.」
Strong concerns over the deterioration in customers’ consumer sentiment caused by higher fish prices and various costs, including the depreciation of the yen, continue to be described. - FY2023-Q2RestatedAnnual report
「There are particularly strong concerns that the deterioration in customers’ consumer sentiment caused by soaring fish prices and rising various costs, including the recent depreciation of the yen, will worsen conditions.」
Strong concerns over the deterioration in consumer sentiment caused by higher fish prices and various costs, including the depreciation of the yen, continue to be described. - FY2023-Q1WorsenedAnnual report
「There are particularly strong concerns that the deterioration in customers’ consumer sentiment caused by soaring fish prices and rising various costs, including the recent depreciation of the yen, will worsen conditions.」
The risk that higher fish prices and costs, including the depreciation of the yen, will worsen customers’ consumer sentiment is explicitly identified as a factor of strong concern. - FY2022-Q2RestatedAnnual report
「Against this backdrop, to prevail in competition with different business formats, including food supermarkets, convenience stores and online retailers, it is important to leverage the know-how and expertise unique to specialist fresh fish retailers, focus more than ever on product development and assortments that meet customer needs, including strengthening “seasonal fresh” products, provide vibrant stores and improve service levels.」
Intensifying competition with different business formats, including food supermarkets, convenience stores and online retailers, continues to be identified as a challenge. - FY2021-Q3RestatedAnnual report
「Against this backdrop, to prevail in competition with different business formats, including food supermarkets, convenience stores and online retailers, it is important to leverage the know-how and expertise unique to specialist fresh fish retailers, focus more than ever on product development and assortments that meet customer needs, provide vibrant stores and improve service levels.」
Intensifying competition involving different business formats, including food supermarkets, convenience stores and online retailers, continues to be identified as a challenge. - FY2021-Q2RestatedAnnual report
「Against this backdrop, to prevail in competition with different business formats, including food supermarkets, convenience stores and online retailers, it is important to leverage the know-how and expertise unique to specialist fresh fish retailers, focus more than ever on product development and assortments that meet customer needs, provide vibrant stores and improve service levels.」
Intensifying competition involving different business formats, including food supermarkets, convenience stores and online retailers, continues to be identified as a challenge. - FY2021-Q1RestatedAnnual report
「Against this backdrop, to prevail in competition with different business formats, including food supermarkets, convenience stores and online retailers, it is important to leverage the know-how and expertise unique to specialist fresh fish retailers, focus more than ever on product development and assortments that meet customer needs, provide vibrant stores and improve service levels.」
Intensifying competition involving different business formats, including food supermarkets, convenience stores and online retailers, continues to be identified as a challenge. - FY2020RestatedAnnual report
「However, competition among companies across different business formats in the retail industry is becoming increasingly intense. In competition with food supermarkets, convenience stores and online retailers, we need to leverage the know-how and expertise developed as a specialist fresh fish retailer, focus more than ever on product development and assortments that meet customer needs, provide vibrant stores and improve service levels.」
Intensifying competition across business formats, including food supermarkets, convenience stores and online retailers, continues to be identified as a challenge. - FY2020-Q3Additional concerns over corporate earnings and consumer sentimentAnnual report
「Although employment conditions have continued to improve, concerns remain over the adverse impact on consumer sentiment of weak earnings trends at some companies, including manufacturers. Against this backdrop, preferences for low-priced food products, including fresh food, and for saving on everyday spending remain firmly entrenched.」
In addition to continued preferences for low prices and saving, weak earnings trends at some companies, including manufacturers, are described as a factor of concern due to their adverse impact on consumer sentiment. - FY2020-Q2RestatedAnnual report
「Although employment conditions have continued to improve, growth in personal income has continued to lack momentum relative to the expansion in corporate earnings, contributing to a continued deterioration in consumer sentiment, and concerns remain over the effects of the consumption tax rate increase on consumption. In particular, preferences for low-priced food products, including fresh food, and for saving on everyday spending remain firmly entrenched.」
The deterioration in consumer sentiment, the impact of the consumption tax rate increase, and continued preferences for low prices and saving across food products continue to be described. - FY2020-Q1WorsenedAnnual report
「Although employment conditions have continued to improve, growth in personal income has continued to lack momentum relative to the expansion in corporate earnings, contributing to a continued deterioration in consumer sentiment, and concerns remain over the effects on consumption of a consumption tax rate increase and the so-called cool summer. In particular, preferences for low-priced food products, including fresh food, and for saving on everyday spending remain firmly entrenched.」
In addition to the continued preference for low prices and saving, the deterioration in consumer sentiment, the consumption tax rate increase and the cool summer are added as factors weighing on consumption. - FY2018RestatedAnnual report
「Although employment conditions have continued to improve and personal consumption has gradually recovered, growth in personal income has continued to lack momentum relative to the expansion in corporate earnings, and preferences for low-priced food products, including fresh food, and for saving on everyday spending remain firmly entrenched.」
The recovery in personal consumption is noted, while preferences for low prices and saving are reconfirmed as remaining firmly entrenched against a backdrop of sluggish income growth. - FY2018-Q3RestatedAnnual report
「Although employment conditions have continued to improve and personal consumption has gradually recovered, growth in personal income has continued to lack momentum relative to the expansion in corporate earnings, and preferences for low-priced food products, including fresh food, and for saving on everyday spending remain firmly entrenched.」
The recovery in personal consumption is noted, while preferences for low prices and saving are reconfirmed as remaining firmly entrenched against a backdrop of sluggish income growth. - FY2018-Q2RestatedAnnual report
「Although employment conditions have continued to improve and personal consumption has gradually recovered, growth in personal income has lacked sufficient momentum, partly due to the downward trend in summer bonuses, and preferences for low-priced food products, including fresh food, and for saving on everyday spending remain firmly entrenched.」
The recovery in personal consumption is noted, while preferences for low prices and saving are reconfirmed as remaining firmly entrenched against a backdrop of sluggish income growth. - FY2018-Q1RestatedAnnual report
「Although employment conditions have continued to improve and personal consumption has gradually recovered, growth in personal income has lacked sufficient momentum, and preferences for low-priced food products, including fresh food, and for saving on everyday spending remain firmly entrenched.」
The recovery in personal consumption is noted, while preferences for low prices and saving are reconfirmed as remaining firmly entrenched. - FY2017RestatedAnnual report
「Although improvements in employment and income conditions have continued and personal consumption has shown signs of recovery, preferences for low-priced food products, including fresh food, and for saving on everyday spending remain firmly entrenched.」
The recovery in personal consumption is noted, while preferences for low prices and saving are reconfirmed as remaining firmly entrenched. - FY2017-Q3SoftenedAnnual report
「Although improvements in employment and income conditions have continued and personal consumption has shown signs of recovery, preferences for low-priced food products, including fresh food, and for saving on everyday spending remain firmly entrenched.」
Preferences for low prices and saving have continued, but the wording changed from “becoming stronger” in the second quarter to “remain firmly entrenched,” while the recovery in employment and income conditions and personal consumption was also noted. - FY2017-Q2WorsenedAnnual report
「Although improvements in employment and income conditions have continued, personal consumption remains sluggish, and preferences for low-priced food products, including fresh food, and for saving on everyday spending are becoming stronger.」
Preferences for low prices and saving are described as “becoming stronger,” indicating that consumer conditions are becoming more challenging. - FY2017-Q1First statedAnnual report
「Personal consumption remains sluggish, while concerns over rising prices and other factors continue to support a strong preference for low-priced food products, including fresh food, and for saving on everyday spending.」
In addition to preferences for low prices and saving, competition from food supermarkets and online retailers is affecting same-store sales and other results.