Improving performance trend in the food service industry
First written in FY2018-Q3. 4 of 12 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2024-Q2.
No other company in this theme has enough history to compare yet.
- FY2024-Q2Consumer Recovery and Higher Costs in Customer IndustriesAnnual report
「In the station-front retail sector, consumer spending is showing signs of recovery as passenger traffic rebounds on increased inbound demand and the normalisation of economic activity. However, businesses continue to operate in a challenging environment due to rising costs, including labour, raw materials and utilities.」
For the station-front retail and food service industries related to customer establishments, the company describes a recovery in foot traffic and a pickup in consumer spending, while explaining that conditions remain challenging due to rising labor, raw material, utility, and other costs. - FY2023Recovery trend in customer industries alongside external concernsAnnual report
「Domestic consumption, including the recovery in inbound tourism demand, is showing signs of recovery. At the same time, uncertainty continues due to the prolonged war in Ukraine, soaring energy costs, rising resource and raw material prices, and higher consumer prices.」
The company indicates a recovery in domestic consumption and inbound tourism demand related to customer establishments, while also noting uncertainty caused by the war, higher costs, and rising prices. - FY2022Recovery trend in customer industries and concerns over a resurgence of infectionsAnnual report
「For our customers that operate stores, including retailers and restaurants, the lifting nationwide of priority preventive measures and the resulting Golden Week without restrictions on activity led to a recovery trend, centered on family customers. However, uncertainty regarding COVID-19 continues, with Tokyo announcing 35,339 new infections and the nationwide total reaching 238,735 on Thursday, 4 August.」
The company describes a recovery trend at customer establishments, including restaurants, following the lifting of restrictions on activities, while explaining that uncertainty has persisted due to the resurgence of infections. - FY2022-Q3RestatedAnnual report
「However, amid the continued spread of the Omicron variant and the prevailing mood of self-restraint, the impact, mainly on the restaurant and karaoke industries, is believed to have been severe.」
The company states that the restaurant and karaoke industries continue to be severely affected by the spread of the Omicron variant and the prevailing mood of self-restraint. - FY2022-Q1RestatedAnnual report
「In the one-metropolis, three-prefecture area where we conduct our sales activities, many establishments, including restaurants, were forced to close or operate shorter hours as the state of emergency, priority preventive measures, and related requests continued, resulting in a persistently challenging operating environment.」
The company states that closures and reduced operating hours at customer establishments, including restaurants, and the challenging operating environment have continued. - FY2021-Q3RestatedAnnual report
「On 25 April 2021, a state of emergency and priority preventive measures were implemented, forcing most customer establishments, including restaurants, karaoke venues and izakaya, sports clubs, and internet cafés, to close temporarily or reduce their operating hours.」
The company continues to describe challenging conditions for customer businesses, including restaurants, sports clubs, and internet cafés, with most temporarily closing or reducing their operating hours. - FY2021-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, the spread of COVID-19 and the reissuance of a state of emergency led to the suspension of most new store openings by restaurants, including karaoke venues and izakaya restaurants, sports clubs and internet cafés operated by the Company's customers.」
The company states that most new store openings by customer businesses, including restaurants, sports clubs, and internet cafés, were suspended due to the resurgence of COVID-19 infections and the re-declaration of a state of emergency. - FY2020-Q3WorsenedAnnual report
「Restaurants, including karaoke venues and izakaya operated by our customers, as well as sports clubs and internet cafés, suspended new openings and temporarily closed most existing locations, with some operating only for takeout, and remained without a clear path to recovery.」
For customer companies such as restaurants, the company describes a suspension of new openings, the temporary closure of most existing locations, and a lack of a clear path to recovery, in contrast to the previous improvement trend in business performance. - FY2020-Q2WorsenedAnnual report
「Our customers, companies opening stores in the retail and food service sectors, continue to face challenging conditions, including concerns about the impact of the novel virus on inbound tourism, worsening labor shortages, and intensifying competition among companies, including those in other industries.」
In contrast to the previous improvement trend in the food service industry, the company describes businesses opening retail and food service stores as continuing to face challenging conditions. - FY2020-Q1WorsenedAnnual report
「Our customers in the food service industry are also facing weak personal consumption due to population decline and aging. The challenging operating environment has continued, including rising labor and logistics costs resulting from labor shortages.」
In contrast to the previously disclosed improvement trend in the food service industry, the company describes weak personal consumption and a challenging operating environment for its food service customers. - FY2018DroppedAnnual report
「In the real estate market, supported by strong corporate earnings, vacancy rates have declined and rents have continued to rise moderately in central Tokyo, leaving market conditions firm in the near term.」
In the FY2018 full-year operating environment, the discussion of improving business performance in the food service industry has been replaced by an explanation of the real estate market in central Tokyo. - FY2018-Q3First statedAnnual report
「Although labor shortages remain a concern in the food service industry, business performance has been showing signs of improvement.」
The company newly identifies a market environment in which business performance in the food service industry is showing signs of improvement.