Intensifying competition and price competition in the retail and leisure businesses
First written in FY2016. 2 of 6 entries say "Materialised", first in FY2018. Latest entry: FY2019.
Hiroshima Electric Railway 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 35 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2019WorsenedAnnual report
「The supermarket and mobile sales businesses are closely tied to the lives of local customers, and we continued operating them despite difficult business conditions. However, as the business environment became increasingly challenging, including due to intensifying competition in the retail industry, we determined that independent restructuring would be difficult. We therefore transferred the businesses after reaching an agreement with an operator expected to continue providing community-based services.」
As independent restructuring was deemed difficult due to intensifying competition in the retail industry and other factors, the supermarket and mobile sales businesses were transferred and Hiroden Store was liquidated. - FY2019-Q2WorsenedAnnual report
「The supermarket and mobile sales businesses are closely tied to the lives of local customers, and we continued operating them despite difficult business conditions. However, as the business environment became increasingly challenging, including due to intensifying competition in the retail industry, we determined that independent restructuring would be difficult. We therefore transferred the businesses after reaching an agreement with an operator expected to continue providing community-based services.」
As independent restructuring was deemed difficult due to intensifying competition in the retail industry and other factors, the supermarket and mobile sales businesses were transferred. - FY2019-Q1MaterialisedAnnual report
「As the parent company, we have worked to restore the business, but against a backdrop including intensifying competition in the retail industry, the company remains in the process of rebuilding.」
Intensifying competition in the retail industry was explicitly identified as a factor behind Hiroden Store’s difficult operating conditions and ongoing restructuring. - FY2018MaterialisedAnnual report
「In the distribution business, revenue from Madame Joy stores declined due to intensifying competition across formats, including drugstores, worsening vegetable market conditions caused by adverse weather and tenant departures ahead of the closure of the Koi store at Hiroden Kaikan.」
Intensifying competition across business categories was specifically identified as a factor behind lower revenue at Madame Joy stores. - FY2017RestatedAnnual report
「In the retail business, difficult conditions are expected to continue, amid concerns about sluggish personal consumption due to higher prices caused by the weaker yen and intensifying competition among stores across industries and business categories.」
Concerns about intensifying competition among retail stores, sluggish personal consumption and lower profitability due to price competition continue. - FY2016First statedAnnual report
「In recent years, large-scale commercial facilities and supermarkets have continued to open in the areas where our group operates. Depending on the location of competing stores, this may reduce customer traffic at our group’s stores and lower profitability as price competition intensifies, affecting business performance.」
The company reported lower revenue in the retail business due to the opening of new competing stores nearby, indicating that competitive risk has materialised.