Intensifying competition and worsening price competition
First written in FY2023. 1 of 3 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2026: 31 of 91 companies on the "Worse" side.
- FY2024RestatedAnnual report
「Hotels and specialized wedding venues are entering the guest-house wedding market by renovating existing facilities, while the market for low-priced wedding formats is expanding. As a result, competition and price competition in the industry are becoming increasingly severe.」
The company continues to identify intensifying competition from hotels, specialized wedding venues and low-priced wedding formats as a business challenge and risk. - FY2024-Q1MaterialisedAnnual report
「Outstanding bookings totaled 3,250 weddings, down 7.0% year on year, because bookings at certain existing venues were sluggish in the second half of the previous consolidated fiscal year due to intensifying competition from other companies.」
Intensifying competition from other companies was reflected in actual performance through sluggish bookings and a 7.0% year-on-year decline in outstanding bookings. - FY2023First statedAnnual report
「Hotels and specialized wedding venues are entering the guest-house wedding market by renovating existing facilities, while the market for low-priced wedding formats is expanding. As a result, competition and price competition in the industry are becoming increasingly severe.」
Entry by hotels, specialized wedding venues and other sectors, together with the expansion of low-priced weddings, is identified as a competitive and price-competition risk.