Dependence on the Restaurant Business and Seasonal Fluctuations in Revenue
First written in FY2019. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 22 of 57 companies on the "Worse" side.
47 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Since its founding, the Group has operated restaurants, and the Food Service business has been its principal business. Accordingly, the Group's performance tends to be significantly affected by changes in consumer needs in the food service industry and intensifying competition in the industry. In addition, the Group's revenue is not consistent throughout the year and tends to fluctuate seasonally.」
The Group reconfirms its dependence on the Food Service business and the risks arising from changes in consumer needs and the competitive environment, as well as seasonal fluctuations in revenue, as risks inherent in its business structure. - FY2019First statedAnnual report
「Since its founding, the Group has operated restaurants, and the Food Service business has been its principal business. Accordingly, the Group's performance tends to be significantly affected by changes in consumer needs in the food service industry and intensifying competition in the industry. In addition, the Group's revenue is not consistent throughout the year and tends to fluctuate seasonally.」
The Group explicitly identifies its high dependence on the Food Service business and its business structure's exposure to consumer needs, the competitive environment and seasonal fluctuations as separate risks.