Population decline, loss of purchasing power and less efficient logistics in the San'in region
First written in FY2017-Q2. 3 of 5 entries say "Restated". Latest entry: FY2020-Q3.
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- FY2020-Q3RestatedAnnual report
「There were no material changes during the cumulative third quarter of the current consolidated fiscal year in the businesses operated by the Group (the Company and its affiliates). Changes involving major affiliates were as follows. Changes involving affiliates During the first quarter of the current consolidated fiscal year, all shares of 株式会社ローソン山陰 were transferred, and the company was excluded from the scope of equity-method accounting.」
The Company stated that there were no material changes in business or other risks related to population decline, aging and other risks in the San'in region, maintaining its previous assessment. - FY2019WorsenedAnnual report
「However, while population decline and aging are progressing in the San'in region, the competitive environment, including competition from other business formats, has become more challenging, creating a situation in which faster management decisions are required than before.」
The document described the need for faster management decisions amid population decline and aging in the San'in region and increasingly intense competition, including from other business formats. - FY2017RestatedAnnual report
「Main reasons for the business separation: In the San'in region, declining birth rates and population aging are accelerating, and the populations of Tottori and Shimane prefectures are expected to decline by approximately 5% by 2020. As purchasing power flows out of the region, inefficiencies in the individual logistics and delivery networks of local retailers have increased, and store closures have become increasingly pronounced.」
The expected population decline of approximately 5% in the San'in region, the outflow of purchasing power, inefficiencies in logistics and delivery networks, and store closures were reiterated as the background to the business separation. - FY2017-Q3RestatedAnnual report
「As the social environment in the San'in region changes, including declining birth rates and an aging population and a decrease in local retailers, convenience stores are assuming a greater social role as part of the region's living infrastructure.」
The Company reaffirmed its recognition that social demand for convenience stores is increasing against a backdrop of declining birth rates, an aging population and a decrease in local retailers in the San'in region. - FY2017-Q2First statedAnnual report
「Population aging and declining birth rates are accelerating in the San'in region, and the populations of Tottori and Shimane prefectures were expected to decline by approximately 5% by Heisei 32. As purchasing power flowed out of the region, the inefficiency of individual retailers' logistics and delivery networks increased, and store closures became increasingly pronounced.」
The disclosure forecasts an approximately 5% population decline in the San'in region by Heisei 32 amid declining birth rates and population aging. The outflow of purchasing power, inefficient logistics and delivery networks, and store closures are described as already progressing.