Oversupply of Stores and Intensifying Competition
First written in FY2016. 11 of 22 entries say "Restated". Latest entry: FY2027-H1.
Axial Retailing moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
The whole theme swung hardest in 2018: 15 of 36 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Furthermore, the group has been operating in an environment in which competition with competitors has intensified rapidly since the previous consolidated fiscal year.」
The company states that, in addition to the previous intensification of competition, competition with other companies has intensified rapidly since the previous fiscal year. - FY2026MaterialisedAnnual report
「During the consolidated fiscal year, an unprecedented number of new store openings and renovations by competitors were carried out in each region where the group operates stores.」
The company stated that the competitor store openings and renovations planned for the interim period were actually carried out on an unprecedented scale in each area where it operates. - FY2026-H1WorsenedAnnual report
「During the consolidated fiscal year, an unprecedented number of new store openings and renovations by competitors were planned in each region where the group operates stores.」
In addition to the longstanding issue of over-storing and competition between business formats, the company states that an unprecedented number of new store openings and renovations by competitors are planned in each area where it operates. - FY2025RestatedAnnual report
「However, new competition may negatively affect future business performance. The company recognizes that the potential impact would be a decline of approximately 10% in sales at each nearby competing store during the first year after competition emerges. Such risks have emerged at several stores each year.」
The company continues to state that the impact on sales at nearby stores when competition emerges is approximately 10%, and that this occurs at several stores each year. - FY2025-H1MaterialisedAnnual report
「The gross profit margin declined slightly from the same period of the previous year due to rising raw material costs and a low-markup pricing policy reflecting competitor trends and the prevailing environment of price increases.」
The low-markup pricing policy, reflecting competitor trends and the environment of price increases, was reflected in results as a factor behind the decline in the gross profit margin. - FY2024RestatedAnnual report
「However, new competition may negatively affect future business performance. The company recognizes that the potential impact would be a decline of approximately 10% in sales at each nearby competing store during the first year after competition emerges. Such risks have emerged at several stores each year.」
The company continues to state that the impact on sales at nearby stores when competition emerges is approximately 10%, and that this occurs at several stores each year. - FY2023RestatedAnnual report
「However, new competition may negatively affect future business performance. The company recognizes that the potential impact would be a decline of approximately 10% in sales at each nearby competing store during the first year after competition emerges. Such risks have emerged at several stores each year.」
The company continues to state that the impact on sales at nearby stores when competition emerges is approximately 10%, and that such cases occur at several stores each year. - FY2021RestatedAnnual report
「However, new competition may negatively affect future business performance. The company recognizes that the potential impact would be a decline of approximately 10% in sales at each nearby competing store during the first year after competition emerges. Such risks have emerged at several stores each year.」
The company continues to state that the impact on sales at nearby stores when competition emerges is approximately 10%, and that such cases occur at several stores each year. - FY2020-Q2RestatedAnnual report
「In preparation for intensifying competition following the consumption tax increase, we placed particular emphasis on preparations in our sales operations.」
The company continues to anticipate intensifying competition following the consumption tax increase and is responding by refining its products and services. - FY2019WorsenedAnnual report
「However, new competition may negatively affect future business performance. The company recognizes that the potential impact would be a decline of approximately 10% in sales at each nearby competing store during the first year after competition emerges. Such risks have emerged at several stores each year.」
Regarding competitive risk, it was stated that sales at nearby stores could decline by around 10% in the first year after a competitor enters the market, and that this has in fact occurred at several stores each year. - FY2019-Q3RestatedAnnual report
「Customer visits at existing stores declined by 0.7% from the same period of the previous year due to competition from companies in the same and other industries and the closure of the group's 2 largest stores for renovation and relocation. In contrast, visits across all stores increased by 0.3% from the same period of the previous year as new and renovated stores performed well.」
The impact of competition from companies in the same and different business sectors continues. Customer traffic at existing stores declined 0.7%, while traffic across all stores, including new and renovated stores, increased 0.3%. - FY2019-Q2RestatedAnnual report
「Customer traffic at existing stores declined 0.8% from the same period of the previous year due to competition from companies in the same and different business sectors and the impact of closures associated with the renovation and relocation of the Group's 2 largest stores.」
The impact of competition from companies in the same and different business sectors continues. Customer traffic at existing stores declined 0.8%, while traffic across all stores, including new and renovated stores, increased 0.5% due to strong performance at the new and renovated stores. - FY2019-Q1WorsenedAnnual report
「Customer visits declined by 1.5% at existing stores and by 0.2% across all stores from the same period of the previous year.」
In addition to the impact of competition from companies in the same and different business sectors, the prolonged closure of the largest store also contributed to a 1.5% year-on-year decline in customer traffic at existing stores. The impact of the competitive environment continues to appear as a decline in customer traffic. - FY2018-Q3WorsenedAnnual report
「In addition to intensifying competition in each region, competition among the company's own stores caused customer visits to decline by 2.3% at existing stores and by 0.4% across all stores from the same period of the previous year.」
The effects of regional competition and internal cannibalization continue, and customer traffic at existing stores declined 2.3% year on year. - FY2018-Q1WorsenedAnnual report
「In addition to intensifying competition in each region, competition among the company's own stores caused customer visits to decline by 2.2% at existing stores and by 0.3% across all stores from the same period of the previous year.」
In addition to intensifying competition by region, the specific effects of cannibalization among the company's own stores and a decline in customer traffic were described. - FY2017RestatedAnnual report
「In the retail industry in which the Group primarily operates, particularly the supermarket business, competitors have been opening new stores one after another. The market as a whole is in what is commonly referred to as an over-stored state, showing signs of industry consolidation involving corporate淘汰 and foreign-capital companies.」
Competitor store openings, market oversupply and industry consolidation continue to be described as business environment risks. - FY2017-Q3RestatedAnnual report
「In the current challenging sales environment, competition is intensifying not only among supermarkets but also across business formats.」
Intensifying competition not only among food supermarkets but also across business formats continues to be described as a challenging sales environment. - FY2017-Q2RestatedAnnual report
「In the current challenging sales environment, competition is intensifying not only among supermarkets but also across business formats.」
Intensifying competition not only among food supermarkets but also across business formats continues to be described as a challenging sales environment. - FY2017-Q1WorsenedAnnual report
「In the current challenging sales environment, competition is intensifying not only among supermarkets but also across business formats.」
In addition to competition within food retail, intensifying competition across business formats has been identified. - FY2016First statedAnnual report
「In the distribution industry, particularly grocery retail, companies have been aggressively opening stores beyond their traditional regions and business formats. With the market becoming over-stored, the industry is showing signs of business淘汰 and restructuring.」
Competition with other companies has already emerged in areas where stores are being opened, and its impact on gross profit margin, items per basket and average price per item has been described.