Home centers and furniture manufacturers entering the Buddhist altar market
First written in FY2024. 2 of 3 entries say "Worsened", first in FY2025-H1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「In addition, amid the move toward space-saving residential environments and more casual lifestyles, Buddhist altars and fittings have become increasingly smaller and simpler, which is putting downward pressure on selling prices.」
Explicitly identified the downsizing and simplification driven by space-saving trends and more casual lifestyles, in addition to entry by other industries and e-commerce, as a structural factor putting downward pressure on selling prices. - FY2025-H1WorsenedAnnual report
「The Buddhist altar market is shifting toward smaller altars with modern, simple designs, while market changes driven by the expansion of sales channels such as e-commerce sites and entry by other industries, including furniture retailers and home centers, have become pronounced.」
Reconfirmed the entry of other industries, including furniture retailers and home centers, and the expansion of sales channels such as e-commerce as factors behind the increasingly pronounced market changes. - FY2024First statedAnnual report
「In recent years, companies such as home centers and furniture manufacturers that are not specialist retailers of Buddhist altars and fittings like us have increased their handling of Buddhist altars and have emerged as new market players.」
Identified the growing handling of Buddhist altars by home centers and furniture manufacturers outside the specialist retail sector, and the emergence of new entrants, as new competitive risks.