Consumer Focus on Saving and Low Prices and Cross-Format Price Competition
First written in FY2017-Q1. 24 of 40 entries say "Restated". Latest entry: 2026-09-29.
Okuwa moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 12 of 19 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- 2026-09-29WorsenedEarnings
「消費者の節約志向や防衛的な購買行動は一段と強まりを見せております。」
節約志向に加えて防衛的な購買行動が一段と強まったとの表現になっている。 - FY2027-H1WorsenedAnnual report
「The retail industry also continues to face a challenging operating environment, as the burden of various fixed costs, including logistics costs and labor expenses, remains elevated, while price and service competition with competitors across different business formats intensifies.」
The disclosure explicitly identifies the increased burden of various fixed costs and intensifying price and service competition across different business formats. - 2026-09-28Worsenedfinance.yahoo.co.jp
「Existing-store sales are expected to fall below plan, apparently due to consumer thrift becoming stronger than expected amid soaring prices.」
It was reported that the strengthening of consumer thrift amid soaring prices led to expectations that existing-store sales would fall short of plan. - 2026-09-25WorsenedRevision of earnings forecasts
「However, consumers' inclination to economize became stronger than expected amid rising prices, limiting the extent to which the series of initiatives increased customer traffic and the number of items purchased. As a result, same-store sales fell 2.3% below the initial plan, and consolidated operating revenue also deviated 2.4% from the previously announced forecast.」
Consumers' inclination to economize strengthened more than expected amid rising prices, limiting the impact of promotional initiatives on customer traffic and the number of items purchased. The Company also reported that same-store sales and consolidated operating revenue fell short of plan. - FY2026WorsenedAnnual report
「The burden on household finances from price increases, particularly for food and daily necessities, remains substantial, and consumers' preference for saving and tendency to make selective purchases have strengthened further. In addition to continued increases in labor costs and other costs, competition across business formats remains intense, and the challenging operating environment continues.」
Against a backdrop of the increased burden on household finances from price increases, consumers' preference for saving and tendency to make selective purchases strengthened further, while higher costs and competition across business formats were also cited. - FY2026-H1WorsenedAnnual report
「In the retail industry, continuing price increases, including the price of rice, a staple necessity, increased the burden on household finances and further strengthened consumers' tendency to defer purchases and preference for saving. In addition, the challenging operating environment continued as various costs, including labor costs, increased and competition among companies across industries accelerated.」
The tendency to defer purchases and preference for saving strengthened further due to price increases, while rice prices, higher costs, and accelerating competition across industries were also cited. - FY2025WorsenedAnnual report
「In the retail industry, continuing price increases have significantly affected consumers' willingness to purchase, further strengthening their tendency to defer purchases and preference for saving. In addition, the challenging operating environment continued as various costs, including labor costs, increased and competition among companies across business formats accelerated.」
Consumers' tendency to defer purchases and preference for saving strengthened further due to price increases, while higher costs and accelerating competition across business formats were also cited. - FY2025-H1RestatedAnnual report
「In the retail industry, the challenging operating environment continued as consumers' preference for saving increased due to price increases, while the Company was forced to respond by improving labor efficiency and productivity amid higher costs, including labor costs, and labor shortages.」
The challenging environment requiring responses to consumers' preference for saving due to price increases, higher costs, labor shortages, and improvements in labor efficiency and productivity was reiterated. - FY2025-Q1WorsenedAnnual report
「In the retail industry, the challenging operating environment continued due to consumers' increased preference for saving amid rapid inflation, fluctuations in raw material prices resulting from supply-demand balances and price increases, higher costs due to rising energy and labor costs, and the need to respond through labor-saving measures and productivity improvements.」
In addition to the existing preference for saving and increases in raw material, energy, and labor costs, the environment was described as one in which consumers' preference for saving had strengthened due to rapid inflation and responses to improve labor efficiency and productivity were required. - FY2024Explicitly cited lower gross margin due to price measures taken in response to competitionAnnual report
「This was mainly attributable to lower gross margin resulting from soaring raw material prices and the implementation of pricing measures with competing stores in mind.」
An explanation of actual results was added, stating that intensified competition and soaring raw material prices led to lower gross margin through pricing measures taken with competing stores in mind. - FY2024-Q3RestatedAnnual report
「In the retail industry, the challenging operating environment continued due to fluctuations in raw material prices resulting from supply-demand balances and price increases, rising energy costs and higher labor costs, as well as the looming 2024 logistics problem and the need to respond through labor-saving measures and productivity improvements.」
The challenging environment characterized by rising raw material prices, energy costs, and labor costs, the 2024 logistics problem, and the need to improve labor efficiency and productivity was reiterated. - FY2024-Q2RestatedAnnual report
「In the retail industry, the challenging operating environment continued due to fluctuations in raw material prices resulting from supply-demand balances and price increases, rising energy costs and higher labor costs, as well as the looming 2024 logistics problem and the need to respond through labor-saving measures and productivity improvements.」
The challenging environment characterized by rising raw material prices, energy costs, and labor costs, the 2024 logistics problem, and the need to improve labor efficiency and productivity was reiterated. - FY2024-Q1WorsenedAnnual report
「In the retail industry, the challenging operating environment continued due to fluctuations in raw material prices resulting from supply-demand balances and price increases, rising energy costs and higher labor costs, as well as the looming 2024 logistics problem and the need to respond through labor-saving measures and productivity improvements.」
In addition to the existing increases in raw material prices, energy costs, and labor costs, the 2024 logistics problem was explicitly identified, and the environment was described as challenging and requiring responses to improve labor efficiency and productivity. - FY2023-Q3RestatedAnnual report
「In the retail industry, as competition among existing companies to open stores and competition extending beyond industry boundaries intensified, costs such as raw materials, utilities, and labor increased, and the challenging operating environment continued.」
Intensifying competition among existing companies and across industries, together with higher raw material, utilities, and labor costs, was reiterated as a challenging operating environment. - FY2023-Q2WorsenedAnnual report
「In the retail industry, as competition among existing companies to open stores and competition extending beyond industry boundaries intensified, costs such as raw materials, utilities, and labor increased, and the challenging operating environment continued.」
In addition to intensifying competition among existing companies and across industries, increases in raw material, utilities, and labor costs were explicitly identified. - FY2022RestatedAnnual report
「In the retail industry, the challenging operating environment continued due to repeated waves of infectious disease spread and subsidence, particularly the thorough implementation of measures to prevent the spread of infectious diseases at stores in response to the spread of new variants, responses to growing demand for eating at home, and consumers' persistent preference for saving.」
Responses to demand for eating at home, a persistent preference for saving, and the challenging retail environment resulting from measures to address infectious diseases continued to be cited for the full fiscal year. - FY2022-Q3RestatedAnnual report
「In the retail industry, measures to prevent the spread of infectious diseases at stores and responses to growing demand for eating at home were required. Consumers' preference for saving remained strong, competition for customers across industries and business formats intensified, and the challenging operating environment continued.」
The challenging operating environment resulting from measures to prevent the spread of infectious diseases, responses to demand for eating at home, a persistent preference for saving, and competition for customers across business formats was reiterated. - FY2022-Q2RestatedAnnual report
「In the retail industry, measures to prevent the spread of infectious diseases at stores and responses to growing demand for eating at home were required. Consumers' preference for saving remained strong, competition for customers across industries and business formats intensified, and the challenging operating environment continued.」
The view that a persistent preference for saving and competition for customers across industries and business formats are creating a challenging operating environment was reiterated. - FY2022-Q1WorsenedAnnual report
「In the retail industry, measures to prevent the spread of infectious diseases at stores and responses to growing demand for eating at home were required. Consumers' preference for saving remained strong, competition for customers across industries and business formats intensified, and the challenging operating environment continued.」
A persistent preference for saving and competition for customers across industries and business formats continued to be cited, with the competition for customers described as becoming increasingly challenging. - FY2021RestatedAnnual report
「Meanwhile, in addition to rising labor and logistics costs due to tight labor supply and demand and intensifying competition for customers across industries and business formats, moves toward corporate integration and industry restructuring have emerged, resulting in major changes in the operating environment.」
The challenging competitive environment characterized by rising labor and logistics costs, competition for customers across business formats, and corporate integration and industry restructuring was also described for the full fiscal year. - FY2021-Q3RestatedAnnual report
「Meanwhile, in addition to rising labor and logistics costs due to tight labor supply and demand and intensifying competition for customers across industries and business formats, moves toward corporate integration and industry restructuring have emerged, resulting in major changes in the operating environment.」
The operating environment characterized by rising labor and logistics costs, competition for customers across business formats, and advancing corporate integration and industry restructuring was reiterated. - FY2021-Q2WorsenedAnnual report
「Meanwhile, in addition to rising labor and logistics costs due to tight labor supply and demand and intensifying competition for customers across industries and business formats, moves toward corporate integration and industry restructuring have emerged, resulting in major changes in the operating environment.」
In addition to the existing increases in labor and logistics costs and competition across business formats, changes in the operating environment, including moves toward corporate integration and industry restructuring, were added. - FY2021-Q1RestatedAnnual report
「Rising labor and logistics costs due to tight labor supply and demand, together with a persistent preference for saving, have intensified competition for customers across industries and business formats, and the challenging operating environment continues.」
The previous assessment of a challenging environment characterized by rising labor and logistics costs, a persistent preference for saving, and competition for customers across business formats was reiterated. - FY2020-Q3RestatedAnnual report
「In the retail industry, rising labor and logistics costs due to tight labor supply and demand, increasingly diverse consumer preferences, and a persistent preference for saving have intensified competition for customers across industries and business formats, and the challenging operating environment continues.」
Rising labor and logistics costs, increasingly diverse consumer preferences, a persistent preference for saving, and competition for customers across business formats were reiterated as challenging environmental factors. - FY2020-Q2RestatedAnnual report
「In the retail industry, rising labor and logistics costs due to tight labor supply and demand, increasingly diverse consumer preferences, and a persistent preference for saving have intensified competition for customers across industries and business formats, and the challenging operating environment continues.」
Rising labor and logistics costs, increasingly diverse consumer preferences, thrift consciousness, and competition for customers across business formats were reiterated as factors making the business environment challenging. - FY2020-Q1RestatedAnnual report
「In the retail industry, labor and logistics costs are rising due to tight labor supply and demand. Competition to attract customers across industries and business formats is also intensifying as consumer preferences diversify and consumers’ strong preference for saving persists, and the challenging operating environment continues.」
The view that a persistent preference for saving and competition for customers across industries and business formats will continue was reiterated. - FY2019RestatedAnnual report
「In the retail industry, against a backdrop of social structural changes such as the declining birthrate, aging population, and work-style reforms, as well as gradual increases in household income, competition for customers across industries and business formats has intensified due to increasingly diverse consumer preferences and a persistent preference for saving.」
The view that thrift consciousness and competition for customers across industries and business formats will continue was also stated for the full fiscal year. - FY2019-Q3RestatedAnnual report
「In the retail industry, personal consumption remains uncertain, while competition across industries and business formats continues to intensify, making the operating environment increasingly challenging.」
The challenging environment characterized by continued uncertainty surrounding personal consumption and intensifying competition across industries and business formats was reiterated. - FY2019-Q2RestatedAnnual report
「In the retail industry, personal consumption remains uncertain, while competition across industries and business formats continues to intensify, making the operating environment increasingly challenging.」
Uncertainty surrounding personal consumption and intensifying competition across industries and business formats were reiterated as factors making the business environment challenging. - FY2019-Q1RestatedAnnual report
「In the retail industry, the outlook for personal consumption remains uncertain, while competition across industries and business formats continues to intensify, making the environment increasingly challenging.」
The continued uncertainty surrounding personal consumption and intensifying competition across business formats were reiterated. - FY2018RestatedAnnual report
「In the retail industry, consumers remain strongly focused on saving and protecting their household finances, in part due to the increased burden from the expanded application of social insurance. In addition, competition across industries and business formats has intensified, and the environment surrounding the Company remains challenging.」
The challenging environment resulting from thrift consciousness, the increased burden from the expanded application of social insurance, and intensifying competition across business formats was reiterated. - FY2018-Q3RestatedAnnual report
「Consumers remain strongly focused on saving and protecting their household finances, due in part to the increased burden from the expanded application of social insurance, while competition for customers across industries and business formats has also intensified」
The continued rise in thrift and household financial protection awareness and intensifying competition across business formats were reiterated. - FY2018-Q2RestatedAnnual report
「In the retail industry, competition across industries and business formats, as well as price competition with competing stores, continues to intensify. The environment is becoming even more challenging, and labor shortages have also become severe.」
Continued competition across business formats and price competition with competing stores were reiterated. - FY2018-Q1RestatedAnnual report
「In the retail industry, competition across industries and business formats, as well as price competition with competing stores, continues to intensify. The environment is becoming even more challenging, and labor shortages have also become severe.」
The intensification of competition across industries and business formats and continued price competition with competing stores were reiterated. - FY2017RestatedAnnual report
「Japan's future economic conditions are expected to be significantly affected by the uncertain global economic environment. Although share prices have been trending higher, personal consumption is expected to remain sluggish, consumers are expected to continue favoring saving and low prices, and the domestic working-age population is expected to decline, with labor shortages becoming particularly severe in the retail sector. Against this backdrop, price competition and the opening of competing stores are expected to intensify further.」
Saving and low-price preferences, sluggish personal consumption, a declining working-age population, and continued price competition and openings by competitors were cited as challenges for the following fiscal year. - FY2017-Q3Specific factors behind household financial pressuresAnnual report
「Consumers have become increasingly focused on protecting their household finances due to higher food prices caused by adverse weather and the increased burden from the expanded application of social insurance, while personal consumption has continued to stagnate.」
Higher food prices and the increased burden from the expanded application of social insurance were specifically identified as factors behind the continued focus on protecting household finances and sluggish personal consumption. - FY2017-Q2RestatedAnnual report
「Personal consumption has remained sluggish as consumers have become more focused on protecting their household finances due to their resistance to rising prices」
Resistance to rising prices, a focus on protecting household finances, and sluggish personal consumption continued to be cited as risks. - FY2017-Q1First statedAnnual report
「However, during the first quarter consolidated cumulative period, directly operated sales were 99.5% of the prior-year level, affected by the continued consumer preference for saving and low prices and intensifying price competition across business formats.」
Directly operated sales of 99.5% of the prior-year level were reported as a result of the impact of consumer preferences and price competition.