Contraction of the food-service market due to population decline
First written in FY2016. 6 of 10 entries say "Restated". Latest entry: FY2025.
Kisoji moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 39 of 57 companies on the "Worse" side.
37 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The food-service industry has relatively low barriers to entry and many new entrants, while average spending per customer tends to decline as prices fall. In addition, Japan’s market has become saturated as the declining birth rate and aging population continue.」
New entrants, lower prices, declining average spending per customer, and market saturation due to declining birth rates and an aging population continue to be described as conditions contributing to competition and contraction in the food-service market. - FY2024RestatedAnnual report
「The food-service industry has relatively low barriers to entry and many new entrants, while average spending per customer tends to decline as prices fall. In addition, Japan’s market has become saturated as the declining birth rate and aging population continue.」
New entrants, lower prices, declining average spending per customer, and market saturation due to declining birth rates and an aging population continue to be described as conditions contributing to competition and contraction in the food-service market. - FY2022WorsenedAnnual report
「The food-service industry has relatively low barriers to entry and many new entrants, while average spending per customer tends to decline as prices fall. In addition, Japan’s market has become saturated as the declining birth rate and aging population continue.」
In addition to market contraction against a backdrop of population decline and declining birth rates and an aging population, lower prices, new entrants and market saturation have been identified as factors shaping the competitive environment. - FY2020-Q3WorsenedAnnual report
「The food-service industry remains in a challenging situation. Amid continued increases in labor, raw-material and logistics costs, competition across industries and business formats is intensifying due to diversifying consumer needs, persistent consumer frugality and the consumption tax increase, which resulted in a 10% tax rate for dining out versus the reduced 8% rate for prepared meals.」
Intensifying competition across industry and business-format boundaries, driven by the tax-rate differential between 10% for dining out and 8% for prepared meals following the consumption tax increase, has been newly specified. - FY2019RestatedAnnual report
「The food-service industry faces a shrinking market due to population decline against a backdrop of declining birth rates and an aging population, while shifts from eating at home to prepared meals and dining out are occurring as the number of single-person and dual-income households increases. Competition across companies and industries is expected to continue.」
The company continues to recognize the contraction of the food-service market due to population decline and continuing competition as business-environment risks. - FY2019-Q3RestatedAnnual report
「Meanwhile, the food-service industry continues to face a challenging business environment, including higher labor costs due to labor shortages, surging construction costs associated with preparations for the Tokyo Olympics, and intensifying competition between stores and companies.」
The challenging food-service industry environment, including intensifying competition between stores and companies, continues to be reported, following the previous quarter. - FY2019-Q2WorsenedAnnual report
「The food-service industry continues to face a challenging business environment, including higher labor costs due to labor shortages, surging construction costs associated with preparations for the Tokyo Olympics, and intensifying competition between stores and companies.」
Competition in the food-service industry, previously recognized as an existing issue, is described as “intensifying competition between stores and companies,” emphasizing the challenging competitive environment. - FY2018RestatedAnnual report
「The business environment surrounding food-service companies is expected to remain competitive across companies and industries amid a shrinking market caused by population decline against a backdrop of declining birth rates and an aging population.」
The company continues to recognize the contraction of the food-service market due to population decline as a business-environment risk. - FY2017RestatedAnnual report
「Competition across companies and industries is expected to continue amid a shrinking market caused by population decline against a backdrop of declining birth rates and an aging population.」
The company continues to recognize the contraction of the food-service market due to population decline as a business-environment risk. - FY2016First statedAnnual report
「The business environment surrounding food-service companies requires responses to various risks, including a shrinking market due to population decline against a backdrop of declining birth rates and an aging population, labor shortages, rising raw-material and energy costs, and the need to ensure food safety and protect the environment.」
The structural contraction of the food-service market is cited as an external growth risk.