Exposure to Large-Scale Funerals and Volatility in Orders
First written in FY2016. 6 of 19 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024MitigatedAnnual report
「As the nationwide trend of excess mortality that continued from 2022 through around early 2023 subsided, the number of large-scale funerals, which had been suppressed during the COVID-19 pandemic, began to increase.」
The number of large-scale funerals, which had been constrained during the COVID-19 pandemic, began to increase, indicating a recovery in the impact of fluctuations in orders. - FY2024-Q2MaterialisedAnnual report
「Although revenue from large-scale funerals declined, the average revenue for standard funerals increased, resulting in a 1.6% year-on-year increase in the average revenue per funeral.」
Lower revenue from large-scale funerals is reflected in the results for the average revenue per funeral in the cumulative period through the current quarter. The increase in the average revenue for standard funerals partly offset the impact on total revenue. - FY2024-Q1WorsenedAnnual report
「The Group's average revenue per funeral fell 1.0% year on year, mainly due to lower revenue from large-scale funerals, while the total number of funerals conducted increased 2.6% year on year due to the effect of new openings.」
Lower revenue from large-scale funerals caused the Group-wide average revenue per funeral to decline 1.0% year on year, and the impact of fluctuations in orders for large-scale funerals has again been reflected in results. - FY2023-Q3MitigatedAnnual report
「Meanwhile, large-scale funerals generated higher revenue year on year, mainly due to growth in the number conducted.」
Revenue from large-scale funerals increased year on year due to growth in the number conducted, and the impact of fluctuations in orders for large-scale funerals that emerged during the COVID-19 pandemic is improving. - FY2023-Q2MitigatedAnnual report
「Large-scale funerals generated higher revenue year on year, mainly due to growth in the number conducted.」
Revenue from large-scale funerals increased year on year due to growth in the number conducted, and the impact of order fluctuations that emerged during the COVID-19 pandemic continues to improve. - FY2023-Q1MitigatedAnnual report
「Large-scale funerals generated higher revenue year on year because the number conducted returned to pre-COVID levels.」
For large-scale funerals, which had declined sharply during the COVID-19 pandemic, the number conducted returned to pre-COVID levels, resulting in higher revenue year on year. - FY2022-Q3WorsenedAnnual report
「Large-scale funerals generated higher revenue year on year because the Group established a system under which they could be held safely with thorough infection-control measures, reaching more than 70% of the level in the corresponding period two years earlier, before COVID-19.」
Although large-scale funerals generated higher revenue year on year, the level relative to the pre-COVID period fell to more than 70%, from approximately 80% in the previous quarter, indicating a setback in the recovery toward pre-COVID levels. - FY2022-Q2Higher revenue year on year and continued recoveryAnnual report
「Large-scale funerals generated higher revenue year on year because the Group established a system under which they could be held safely with thorough infection-control measures, reaching approximately 80% of the level in the corresponding period two years earlier, before COVID-19.」
Large-scale funerals generated higher revenue year on year under the system enabling them to be held with infection-control measures in place. However, the company states that revenue remained at approximately 80% of the pre-COVID level. - FY2022-Q1MitigatedAnnual report
「Large-scale funerals generated higher revenue year on year because the Group established a system under which they could be conducted with thorough infection-control measures, reaching approximately 85% of the level in the corresponding period two years earlier, before COVID-19.」
The Group established a system for conducting large-scale funerals with infection-control measures in place. Revenue from large-scale funerals increased year on year and recovered to approximately 85% of the pre-COVID level. - FY2021-Q3MitigatedAnnual report
「At Koueisha Co., Ltd., the core company of the Koueisha Group, the spread of COVID-19, particularly during the first quarter of the consolidated fiscal year, made it difficult to hold company funerals and memorial services. As a result, the number of large-scale funerals conducted was nearly half the previous year's level, while funeral service revenue declined by approximately 60%.」
The number of large-scale funerals conducted was nearly half the previous year's level, while funeral service revenue declined by approximately 60%. The impact narrowed from the previous quarter's decline of more than 60% in the number conducted and approximately 70% fall in revenue, but remains significant. - FY2021-Q2RestatedAnnual report
「At Koueisha Co., Ltd., the core company of the Koueisha Group, the spread of COVID-19, particularly during the first quarter of the consolidated fiscal year, made it difficult to hold company funerals and memorial services. As a result, the number of large-scale funerals conducted fell by more than 60% year on year, while funeral service revenue declined by approximately 70%.」
Difficulties in holding company funerals and memorial services continued, with the number of large-scale funerals conducted falling by more than 60% year on year and funeral service revenue declining by approximately 70%. The risk of fluctuations in orders for large-scale funerals continues to be reflected in results. - FY2021-Q1WorsenedAnnual report
「At Koueisha Co., Ltd., the core company of the Koueisha Group, the spread of COVID-19 made it difficult to hold company funerals and memorial services. As a result, the number of large-scale funerals conducted fell by more than 80% year on year, while funeral service revenue declined by approximately 90%.」
The risk of fluctuations in orders for large-scale funerals materialized significantly as difficulties in holding company funerals and memorial services resulted in an over 80% decline in the number conducted and an approximately 90% decline in service revenue. - FY2020MaterialisedAnnual report
「The other factor was that, from mid-February onward, company funerals and memorial services were successively canceled or postponed to the following fiscal year.」
Cancellations and postponements of company funerals and memorial services included among large-scale funerals actually occurred, and the risk of fluctuations in orders materialized. - FY2020-Q2MaterialisedAnnual report
「The number of large-scale funerals conducted declined.」
The decline in the number of large-scale funerals conducted is reflected in the current fiscal year's results for the Koueisha Group. - FY2019WorsenedAnnual report
「Revenue from large-scale funerals, mainly company funerals, which are defined as funerals costing more than ¥5 million, accounted for 11.3% of the Group's total funeral service revenue for the current fiscal year.」
The proportion of revenue from large-scale funerals rose from 10.8% in the previous fiscal year to 11.3%, increasing in the current fiscal year despite the broader trend of gradually declining dependence. - FY2018SoftenedAnnual report
「Revenue from large-scale funerals, mainly company funerals, which are defined as funerals costing more than ¥5 million, accounted for 10.8% of the Group's total funeral service revenue for the current fiscal year. The Group is working to expand its share of the company funeral market in the Tokyo metropolitan area, where the market is large but the Group's share is low. In contrast, the number of company funerals entrusted to the Group in the Kansai region, where it already has a high market share, is generally predetermined. Accordingly, although dependence on large-scale funerals is gradually declining, the Group's results may be affected by the number and value of orders for large-scale funerals, mainly company funerals.」
Revenue from large-scale funerals fell from 12.2% to 10.8% of the total, indicating a gradual decline in dependence. At the same time, the increase in revenue for the current fiscal year was affected by an increase of approximately ¥300 million in large-scale projects compared with a normal year, and the impact of fluctuations in orders was also noted. - FY2017-Q2MaterialisedAnnual report
「During the cumulative second quarter of the fiscal year, funeral service revenue declined 3.2% year on year, mainly due to a decrease in the number of large-scale funerals conducted.」
The decline in the number of large-scale funerals conducted was the primary cause of lower funeral service revenue in the first half, indicating that the risk of fluctuations in orders has materialized in results. - FY2017-Q1MaterialisedAnnual report
「Although the decline in the number of large-scale funerals was a factor weighing on the average revenue per funeral, the average revenue for standard funerals increased, resulting in a 1.9% year-on-year increase in the average revenue per funeral.」
The decline in the number of large-scale funerals is reflected in actual results as a factor weighing on the average revenue per funeral. - FY2016First statedAnnual report
「Revenue from large-scale funerals, mainly company funerals, which are defined as funerals costing more than ¥5 million, accounted for 12.2% of total funeral service revenue for the current fiscal year at the Group.」
First disclosure. It shows that revenue from large-scale funerals accounted for 12.2% of the total and explains that fluctuations in the number and value of orders could affect results.