Contraction of the Domestic Market Against a Backdrop of Population Decline and a Super-Aging Society
First written in FY2018. 3 of 5 entries say "Worsened", first in FY2021. Latest entry: FY2026.
Takashimaya moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 10 of 30 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「* Market contraction accompanying changes in consumer behavior, including the declining birthrate and aging population and younger consumers moving away from department stores * Difficulty securing the personnel required under business strategies due to the declining working-age population」
Added younger consumers moving away from department stores and difficulty securing personnel due to the declining working-age population as specific risks related to domestic market contraction. - FY2026-H1MaterialisedAnnual report
「After considering the regional environment surrounding the current store and the uncertain consumer environment over the medium to long term, we resolved to end operations at Takashimaya Rakusai store on 3 August 2026 because there was no prospect of recovering the substantial capital investment.」
The challenging regional and consumer environments surrounding domestic stores have manifested themselves in the lack of prospects for recovering capital investment and the resolution to end store operations. - FY2024-Q2WorsenedAnnual report
「While the business environment surrounding the Gifu store has become increasingly challenging year after year due to the declining birthrate and aging population, among other factors, and despite our continued management efforts, there is no prospect of a recovery in performance. Accordingly, we resolved to end operations at the Gifu store on 31 July 2024 and dissolve Gifu Takashimaya on 31 August of the same year.」
Described how structural risks in the domestic market, including the declining birthrate and aging population, led to the resolution to end operations and dissolve the company at the Gifu store, due to a worsening business environment and the lack of prospects for a recovery in performance. - FY2021WorsenedAnnual report
「③ Decline in the domestic population and hollowing-out of regional cities due to changes in social structure <Assumed risks> * Market contraction accompanying the declining birthrate, aging population and hollowing-out of regional cities * Difficulty securing the personnel required as the working-age population declines」
Made concrete the risks of market contraction due to the hollowing-out of regional cities and difficulty securing personnel due to the declining working-age population, in addition to the existing risks of population decline and an extremely aged society. - FY2018First statedAnnual report
「Over the medium to long term, the operating environment for the department store industry remains uncertain amid structural issues stemming from a declining birthrate, population decline and the progression of an extremely aged society.」
Described declining birthrates, population decline and an extremely aged society as medium- to long-term structural risks for the department store industry.