Decline in wedding segment sales and shortfall against plan
First written in FY2017. 2 of 4 entries say "Mitigated", first in FY2018. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021MitigatedAnnual report
「“Stay-in plans” tailored to demand for changes in working styles, including telework and workations, and “photo weddings,” which address demand for alternatives to conventional weddings, have been well received」
The document states that photo weddings, an alternative to conventional weddings, were well received, demonstrating that measures addressing wedding demand have produced results. Banquet revenue also increased 21.5% year on year. - FY2019WorsenedAnnual report
「Wedding use in the banquet and restaurant businesses, which are our core businesses, declined in terms of the number of events and was affected by the smaller scale of banquets, among other factors, resulting in revenue below the previous fiscal year.」
The decline in the number of wedding events and the smaller scale of banquets resulted in lower full-year revenue in the banquet and restaurant businesses. - FY2018MitigatedAnnual report
「To improve sales in the wedding division, which had been an issue, the Company sought to rebuild the business by establishing a project organization, outsourcing new customer-facing operations and conducting planner training.」
In response to the challenge of declining wedding-business sales, measures including establishing an organisation, outsourcing guest-service operations, and providing training are being implemented. - FY2017MaterialisedAnnual report
「The Company's results in its 140th fiscal period got off to a difficult start, with wedding revenue substantially below plan.」
The substantial shortfall in revenue from the core wedding business against the plan was identified as a full-year challenge and as the background to new wedding-business reform initiatives.