Competition from Different Retail Formats in the Supermarket Business
First written in FY2021. 6 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 16 of 40 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The retail industry in which our supermarket business operates is facing intensifying competition across industry and business categories, including drugstores entering the supermarket and convenience-store markets. We are pursuing differentiation by focusing on our strengths, namely the 3 fresh-food categories (produce, seafood and meat). However, if we are unable to differentiate ourselves effectively from competitors and cannot develop the business as planned, this may affect our operating results and financial condition.」
The company identifies intensifying cross-industry competition as a risk and continues to focus on the 3 fresh-food categories as a differentiation strategy. - FY2024WorsenedAnnual report
「In the supermarket business, segment sales declined year on year as 3 stores were closed in the previous fiscal year. In addition, the opening of the Super Fresh Food TAIGA Fujigaoka store in Yokohama in September 2023 increased opening costs and temporarily increased selling, general and administrative expenses. We continue to pursue fundamental reforms, including reducing administrative costs and reviewing sales promotion expenses, to return the segment to profitability. As a result, supermarket business revenue was ¥6,531 million, down 15.5% year on year, and the segment loss was ¥77 million, compared with a segment loss of ¥59 million in the previous fiscal year.」
Amid a challenging operating environment including competition and consumers' preference for saving, sales in the supermarket business declined and the loss widened. - FY2024-Q3WorsenedAnnual report
「In the supermarket business, segment sales declined year on year as 3 stores were closed in the previous fiscal year. In addition, the opening of the Super Fresh Food TAIGA Fujigaoka store in Yokohama in September 2023 increased opening costs and temporarily increased selling, general and administrative expenses. We continue to pursue fundamental reforms, including reducing administrative costs and reviewing sales promotion expenses, to return the segment to profitability. As a result, supermarket business revenue was ¥4,858 million, down 18.6% year on year, and the segment loss was ¥67 million, compared with a segment loss of ¥27 million in the same period of the previous year.」
In the supermarket business, amid a challenging operating environment including store closures, store-opening costs and consumers' preference for saving, sales declined and the segment loss widened from ¥27 million in the same period of the previous year to ¥67 million. - FY2023RestatedAnnual report
「We seek to differentiate ourselves by focusing on our strengths in the 3 fresh-food categories (produce, seafood and meat), among other measures. However, if we cannot differentiate ourselves effectively from competitors and therefore cannot achieve the business development we envision, this may affect our operating results and financial position.」
It reiterates intensifying cross-industry and cross-format competition as a risk and a focus on the 3 fresh-food categories as a countermeasure through differentiation. - FY2023-Q3RestatedAnnual report
「As a result of reorganizing the organizational structure and working to turn around the business, the company is advancing measures including improvements in labor productivity and reductions in advertising expenses. However, the challenging business environment has continued due to consumers' heightened budget-consciousness following food price increases and surging electricity costs. Sales in the supermarket business were ¥5,971 million, down 9.2% year on year, and the segment loss was ¥27 million, compared with segment profit of ¥57 million in the same quarter of the previous year.」
A challenging business environment caused by consumer thrift and surging electricity costs continued, and the supermarket business shifted from profit in the same period of the previous year to a loss. - FY2023-Q2WorsenedAnnual report
「The business environment remained challenging due to heightened consumer thrift following food price increases and surging electricity costs. Revenue in the supermarket business was ¥3,900 million, down 10.7% year on year, and the segment recorded a loss of ¥68 million, compared with segment profit of ¥20 million in the same quarter of the previous year.」
In the supermarket business, the effects of consumer thrift and surging electricity costs continued, resulting in lower revenue and a shift from profit in the same period of the previous year to a loss. - FY2023-Q1WorsenedAnnual report
「However, the business environment remained challenging as food price increases heightened consumers' preference for thrift. Revenue in the supermarket business was ¥1,983 million, down 11.1% year on year, and the segment recorded a loss of ¥42 million, compared with segment profit of ¥17 million in the same quarter of the previous year.」
It identifies heightened consumer thrift following food price increases as a factor behind the challenging environment in the supermarket business, which also experienced lower revenue and a segment loss. - FY2022RestatedAnnual report
「We seek to differentiate ourselves by focusing on our strengths in the 3 fresh-food categories (produce, seafood and meat), among other measures. However, if we cannot differentiate ourselves effectively from competitors and therefore cannot achieve the business development we envision, this may affect our operating results and financial position.」
It continues to identify intensifying competition across industries and business formats as a risk, while citing a focus on the 3 fresh-food categories as a differentiation strategy. - FY2022-Q3RestatedAnnual report
「However, the business environment remains challenging due to intensifying competition across industry boundaries and weak personal consumption.」
A challenging business environment caused by intensifying cross-industry competition and weak personal consumption continues. - FY2022-Q2RestatedAnnual report
「However, the business environment remains challenging due to intensifying competition across industry boundaries and weak personal consumption.」
It explains that a challenging business environment, including intensifying cross-industry competition, continues. - FY2021First statedAnnual report
「In the retail industry in which our supermarket business operates, competition across industry and business-format boundaries has intensified, including drugstores entering the supermarket and convenience-store markets.」
While citing a focus on the 3 fresh-food categories as a differentiation measure, it also identifies the possibility that the planned business development may not be achieved.