Medium- to Long-Term Funeral Demand Driven by Rising Deaths
First written in FY2016. 6 of 13 entries say "Restated". Latest entry: 2026-10-15.
0 other companies' latest entry also says "Softened".
- FY2027-H1RestatedAnnual report
「In the funeral industry in which we operate, latent demand for funerals is expected to continue increasing through 2040 against the backdrop of a growing population aged 65 and over.」
Continues to state the outlook for latent funeral demand to increase through 2040 against the backdrop of a growing population aged 65 and over. - FY2024SoftenedAnnual report
「Based on the median projection for the number of deaths in Japan’s Future Population Projections (April 2023 estimate) published by the National Institute of Population and Social Security Research as a medium- to long-term forecast, the number of deaths is expected to increase at an average annual rate of just under 1% over the next 10 years.」
The outlook for an increase in deaths remains unchanged, but the growth rate is stated as “just under 1% on an annual average basis,” a more restrained level and broader expression than the previous “low single digits.” - FY2024-Q3Growth in deaths slows following the reversal of excess mortalityAnnual report
「During the fiscal year, the nationwide trend of excess mortality that continued from 2022 through around the beginning of 2023 subsided, and the resulting slowdown in the growth in deaths, or a decline from the previous year, was observed, having a certain impact on the growth rate in the number of funerals handled by our Group.」
While presenting the outlook for latent demand to increase through 2040, states that the nationwide trend of excess mortality subsided, resulting in slower growth in deaths or a year-on-year decline. - FY2024-Q2RestatedAnnual report
「In the funeral industry, while latent demand for funerals is expected to continue increasing through 2040 against the backdrop of a growing population aged 65 and over,」
Continues to state the outlook for latent funeral demand to increase through 2040 against the backdrop of a growing population aged 65 and over. - FY2024-Q1RaisedAnnual report
「In the funeral industry, while latent demand for funerals is estimated to increase annually through 2040 against the backdrop of a growing population aged 65 and over, the trend toward smaller and simpler funerals resulting from the increasing prevalence of nuclear families continues.」
In addition to the previously stated expected increase in deaths over the next 10 years, states that latent demand for funerals is estimated to increase annually through 2040. - FY2020SoftenedAnnual report
「The quantitative aspect of funeral demand is determined by the number of deaths and is a given condition for the funeral business. Based on the median projection for the number of deaths in Japan’s Future Population Projections (April 2017 estimate) published by the National Institute of Population and Social Security Research as a medium- to long-term forecast, the number of deaths is expected to increase at an average annual rate in the low single digits over the next 10 years.」
The expected increase in deaths remains unchanged, but the stated growth rate has shifted from the previous average of approximately 1.5% to the low single digits on an annual average basis, making the wording broader. - FY2019-Q2RestatedAnnual report
「In addition, as stable growth in funeral demand is expected over the long term, intense competition among providers continues, including new openings of funeral halls by funeral operators and customer acquisition via the internet by funeral referral companies.」
Continues to state the expected long-term growth in funeral demand as an assumption underlying the business environment. - FY2018SoftenedAnnual report
「The quantitative aspect of funeral demand is determined by the number of deaths and is a given condition for the funeral business. Based on the median projection for the number of deaths in Japan’s Future Population Projections (April 2018 estimate) published by the National Institute of Population and Social Security Research as a medium- to long-term forecast, the number of deaths is expected to increase at an average annual rate of approximately 1.5% over the next 10 years.」
Restates the expected medium- to long-term increase in deaths, but the average annual growth rate has changed from approximately 1.7% stated at the initial disclosure to approximately 1.5% in the April 2018 estimate. - FY2018-Q2RestatedAnnual report
「In addition, as stable growth in funeral demand is expected over the long term,」
Restates the expected long-term growth in funeral demand as an assumption underlying the business environment. - FY2017-Q2RestatedAnnual report
「On the other hand, as stable growth in funeral demand is expected over the long term,」
Restates the expected long-term growth in funeral demand as an assumption underlying the business environment. - FY2016First statedAnnual report
「Given the increasing trend in the number of deaths in the projected future population, stable growth in funeral demand is expected over the long term,」
First appearance. Explains the increasing trend in the number of deaths as the backdrop to long-term growth in funeral demand.