Declining Birth Rates and Intensifying Competition in the Childcare Business
First written in FY2023-Q3. 1 of 2 entries say "Materialised", first in FY2023. Latest entry: FY2023.
Kimuratan moved to the "Worse" side of this theme in 2023.
0 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「In an environment of declining births, we believe that there are limits to providing stable, high-quality childcare through an operating structure with only a small number of facilities such as ours, and that it would be preferable to transfer operations to an operator with more facilities and greater expertise.」
The decline in births and the operational and scale-related challenges facing childcare were reflected in an actual business decision to transfer the childcare business to another company. - FY2023-Q3First statedAnnual report
「At the same time, the country is entering a transition period in which childcare facilities are becoming oversupplied, intensifying competition and creating pressure to differentiate from other facilities by improving the quality of childcare itself.」
The Company separately identified oversupply of childcare facilities, intensifying competition and higher costs associated with securing children and improving childcare quality as changes in the operating environment for the childcare business.