Intensifying Competition and Internal Competition in Consumer Electronics Retail
First written in FY2016. 5 of 6 entries say "Worsened", first in FY2018. Latest entry: FY2026.
Yamada Holdings moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2018: 16 of 40 companies on the "Worse" side.
13 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In addition, as Japan’s consumer electronics market matures and products become increasingly commoditized, it is becoming more difficult to secure earnings through conventional price competition alone.」
For competition risk, explicitly stated that, in addition to competitors such as e-commerce platform operators, reliance on price competition is becoming more difficult as the domestic market matures and products become commoditized. - 2026-06-05WorsenedM&A and Subsidiary Changes
「Competition is expected to intensify further, transcending the traditional boundaries between business types and industries.」
The company forecast further intensification of competition across industry boundaries, against a backdrop of entrants from other industries and the rise of mail-order businesses and new competitors. - FY2023WorsenedAnnual report
「Likelihood: High Potential timing: As applicable Impact: Medium」
For competition risk, explicitly rated the likelihood as “High.” In addition to consumer electronics retailers, interiors, furniture, sundries and online sales continue to be listed as competing businesses. - FY2021WorsenedAnnual report
「Competition may intensify with the emergence of new market entrants. Competition between stores and for product procurement may also intensify as a result of M&A and alliances among companies competing with the Group.」
For competition risk, explicitly stated that competition between stores and for procurement may intensify due to M&A and alliances among competitors, in addition to new market entrants. - FY2018WorsenedAnnual report
「Competitors include companies in every type of business that handles products sold by the Group, including large consumer electronics retailers, general merchandise supermarkets, home improvement centers, interior and furniture retailers, miscellaneous-goods retailers and various mail-order businesses, including online sales.」
Explicitly identified interiors, furniture, sundries and other products as competitors, and expanded the stated scope of competition to include competition between stores and for procurement. - FY2016First statedAnnual report
「The consumer electronics retail industry faces intense competition as social needs change with the aging and declining population and the spread of online society. Competitors include companies in every business format handling consumer electronics, including major consumer electronics retailers, general merchandise stores, home centers and various mail-order businesses, including online sales.」
The company identified competition over prices, store openings, customers and personnel, as well as internal cannibalization arising from its nationwide store network, as risks.