Retail Market Contraction Driven by the Declining Birthrate, Aging Population and Population Decline
First written in FY2017. 1 of 4 entries say "Worsened", first in FY2019. Latest entry: FY2023.
6 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The domestic retail environment is expected to undergo major changes, including declining birth rates, population aging, the polarization of consumption patterns, and intensifying competition across business formats. These factors are expected to have a material impact on the Group's performance.」
In addition to declining birth rates and population aging, the polarization of consumption patterns and intensifying competition across business formats continued to be identified as risks in the retail environment. - FY2022Expansion of risk factorsAnnual report
「The domestic retail environment is expected to undergo major changes, including declining birth rates, population aging, the polarization of consumption patterns, and intensifying competition across business formats. These factors are expected to have a material impact on the Group's performance.」
In addition to market contraction due to declining birth rates, population aging, and population decline, the company identifies the polarization of consumption patterns, intensifying competition across business formats, and changes in lifestyles and work styles as risk factors in the retail environment. - FY2019WorsenedAnnual report
「Due to structural changes including declining birth rates, population aging, and population decline, contraction of Japan's retail market is unavoidable. As the market contracts, businesses without competitive strength will be unable to survive, and further market consolidation is expected.」
The explanation was strengthened, changing from the previous reference to preparing for future changes in the business environment to explicitly describing retail-market contraction as an unavoidable structural change and anticipating the exit of uncompetitive businesses and further market consolidation. - FY2017First statedAnnual report
「To prepare for future changes in the business environment, including the contraction of the retail market due to declining birth rates, population aging, and population decline」
The contraction of Japan's domestic retail market due to declining birth rates, population aging, and population decline is presented as the backdrop to formulating the long-term business plan.