Sluggish growth in pet-owning households and decline in the number of dogs kept
First written in FY2019. 1 of 2 entries say "Reframed", first in FY2021. Latest entry: FY2021.
Anicom Holdings moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Reframed".
- FY2021ReframedAnnual report
「The domestic pet industry may decline, and our business model centered on pet insurance may no longer be viable, due to a decline in the number of pets kept resulting from changes in domestic economic conditions, the emergence or threat of zoonotic diseases, and tighter regulations on breeders and other animal-handling businesses following amendments to the Act on Welfare and Management of Animals.」
The wording expanded from stagnant growth in pet-owning households and a declining dog population to the risk of an overall decline in Japan's pet industry, including economic conditions, infectious diseases, and tighter regulation. - FY2019First statedAnnual report
「In recent years, the number of dogs kept in Japan has continued to decline, owing in part to the stagnant growth in the number of pet-owning households and the aging and decline of breeders.」
Stagnant growth in the number of pet-owning households, the aging and decline of breeders, and the declining dog population were identified as new business-environment risks to the expansion of new pet insurance contracts.