Deteriorating business conditions due to intensifying competition in the photography studio market
First written in FY2017-Q3. 10 of 20 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022MitigatedAnnual report
「As a result, revenue was ¥48 million, compared with ¥105 million in the previous fiscal year, and the segment posted a profit of ¥5 million, compared with a segment loss of ¥22 million in the previous fiscal year.」
The photography studio business was fully withdrawn in February of the current year. Revenue declined, while the segment result improved from a loss of ¥22 million in the previous fiscal year to a profit of ¥5 million. - FY2022-Q3MitigatedAnnual report
「The photography studio business operated only 1 studio, the Yokohama Main Studio, compared with 3 studios in the same period of the previous year. As a result, revenue was ¥21 million, compared with ¥59 million in the same period of the previous year, and the segment loss was ¥9 million, compared with a segment loss of ¥33 million in the same period of the previous year.」
Revenue declined as operations were scaled down to 1 studio, but the segment loss narrowed from ¥33 million to ¥9 million. - FY2022-Q2MitigatedAnnual report
「The photography studio business operated only 1 studio, the Yokohama Main Studio, compared with 3 studios in the same period of the previous year. As a result, revenue was ¥12 million, compared with ¥28 million in the same period of the previous year, and the segment loss was ¥8 million, compared with a segment loss of ¥27 million in the same period of the previous year.」
As operations were scaled down from 3 studios to 1, revenue declined, while the segment loss narrowed from ¥27 million to ¥8 million. - FY2022-Q1Loss narrowed as operations were scaled down to 1 studioAnnual report
「The photography studio business operated 1 studio, the Yokohama Main Studio, compared with 3 studios in the same period of the previous year. As a result, revenue from the photography studio business was ¥7 million, compared with ¥13 million in the same period of the previous year, and the segment loss was ¥3 million, compared with a segment loss of ¥12 million in the same period of the previous year.」
The photography studio business was scaled down from 3 studios to 1, the Yokohama Main Studio. Revenue declined, while the segment loss narrowed. - FY2021-Q3Loss narrowed despite continued lower revenueAnnual report
「In the photography studio business, which operates 3 Aishakan studios, the number of photo sessions fell sharply as changes to and cancellations of shooting dates increased due to the impact of COVID-19. However, we pursued a “reassurance, confidence and customer-first” policy, including a system for customers to make advance appointments before visiting as an infection prevention measure and waiving cancellation fees for customers who had made advance reservations for kimono rentals for coming-of-age ceremonies if the ceremonies were cancelled.」
The number of photo sessions declined due to the pandemic, and revenue decreased 9.4% year on year, while the segment loss narrowed from ¥58 million in the same period of the previous year to ¥33 million. - FY2021-Q2Revenue declined, while the loss narrowed amid the impact of the pandemicAnnual report
「In the photography studio business, which operates 3 Aishakan studios, the number of photo sessions fell sharply as requests to refrain from going out to prevent the spread of COVID-19, the temporary closure of all studios and shortened operating hours following the declaration of a state of emergency led to an increase in changes to and cancellations of shooting dates.」
The number of photo sessions fell sharply due to the temporary closure of all studios, shortened operating hours, and changes to and cancellations of shooting dates amid the pandemic. Meanwhile, revenue decreased 28.0% year on year, while the segment loss narrowed from ¥41 million in the same period of the previous year to ¥27 million. - FY2020WorsenedAnnual report
「As a result, revenue was ¥128 million, down 15.4% year on year, and the segment loss was ¥50 million, compared with a segment loss of ¥44 million in the previous fiscal year.」
In addition to intensifying competition, appointment cancellations occurred due to the COVID-19 pandemic, resulting in lower revenue for the photography studio business and a wider segment loss. - FY2020-Q3WorsenedAnnual report
「As a result, revenue was ¥65 million, down 14.9% year on year, and the segment loss was ¥58 million, compared with a segment loss of ¥52 million in the same period of the previous year.」
Despite implementing customer acquisition measures, severe conditions continued due to intensifying competition. Revenue from the photography studio business decreased 14.9%, and the segment loss widened from ¥52 million to ¥58 million. - FY2020-Q2WorsenedAnnual report
「As a result, revenue from the photography studio business was ¥39 million, down 13.4% year on year, and the segment loss was ¥41 million, compared with a segment loss of ¥36 million in the same period of the previous year.」
Amid continued severe conditions due to intensifying competition, revenue from the photography studio business decreased 13.4% year on year, and the segment loss widened from ¥36 million to ¥41 million. - FY2020-Q1RestatedAnnual report
「In the photography studio business, which operates 3 Aishakan studios, in addition to a wide range of photo sessions designed to turn important milestones in customers’ lives into moving and wonderful memories, we newly began offering the “Story Photo Plan,” which preserves all the family’s smiles on special occasions, including beauty and dressing scenes photographed by the photographer and candid shots with family members. We also worked to raise awareness among local customers through various sales promotion tools. However, severe conditions have continued due to intensifying competition. As a result, revenue from the photography studio business was ¥21 million, down 5.2% year on year, and the segment loss was ¥18 million, unchanged from the same period of the previous year.」
Although new products and sales promotion initiatives were implemented, severe conditions due to intensifying competition continued. Revenue decreased 5.2% year on year, and the segment loss was unchanged from the same period of the previous year. - FY2019WorsenedAnnual report
「In the photography studio business, which operates 3 Aishakan studios, we focused on campaigns including a furisode rental campaign for coming-of-age ceremonies and a hakama rental campaign for graduation ceremonies, as well as an outing kimono rental campaign for Shichi-Go-San and hakama rental consultation events for elementary school graduation ceremonies aimed at children. We also sought to attract new customers and expand sales through the online shop “EC SHOP Aishakan” and other channels. However, severe conditions have continued due to intensifying competition. As a result, revenue from the photography studio business was ¥152 million, down 6.0% year on year, and the segment loss was ¥44 million, compared with a segment loss of ¥39 million in the previous fiscal year.」
Despite implementing customer acquisition and sales expansion measures, the photography studio business posted lower revenue, and the segment loss widened from ¥39 million in the previous fiscal year to ¥44 million. - FY2019-Q3WorsenedAnnual report
「In the photography studio business, which operates 3 Aishakan studios, we sought to attract new customers and expand sales through consultation events, including an outing kimono rental campaign for Shichi-Go-San, a furisode rental campaign for coming-of-age ceremonies, a hakama rental campaign for graduation ceremonies and a hakama rental consultation event for elementary school graduation ceremonies, as well as through the online shop “EC SHOP Aishakan.” However, severe conditions have continued due to intensifying market competition. As a result, revenue from the photography studio business was ¥77 million, down 15.1% year on year, and the segment loss was ¥52 million, compared with a segment loss of ¥45 million in the same period of the previous year.」
Despite implementing customer acquisition and sales expansion measures, severe conditions continued due to intensifying market competition. Revenue decreased 15.1% year on year, and the segment loss widened to ¥52 million. - FY2019-Q2WorsenedAnnual report
「In the photography studio business, which operates 3 Aishakan studios, we sought to attract customers by expanding our selection of value-priced photo plans and launching campaigns including a pre-shooting campaign for Shichi-Go-San photos, a furisode rental campaign for coming-of-age ceremonies and a hakama campaign for graduation ceremonies. However, severe conditions have continued due to intensifying market competition. As a result, revenue from the photography studio business was ¥45 million, down 16.7% year on year, and the segment loss was ¥36 million, compared with a segment loss of ¥35 million in the same period of the previous year.」
Amid continued severe conditions due to intensifying competition, revenue from the photography studio business decreased 16.7% year on year, and the segment loss was ¥36 million. - FY2019-Q1WorsenedAnnual report
「The company focused on attracting customers by enhancing value-priced photo packages and offering rental plans and campaigns that allow outfits to be worn twice, including the “Take a Photo with Your Grandchild” campaign for family portraits, the “Shichi-Go-San Kimono Rental & Pre-Shoot Photo Plan” for Shichi-Go-San customers, and the “Furisode Rental & Pre-Shoot Photo Plan” for coming-of-age ceremony customers. However, challenging conditions continue due to intensifying market competition. As a result, revenue from the photo studio business was ¥22 million, down 16.1% year on year, and the segment loss was ¥18 million, unchanged from the segment loss of ¥18 million in the same period of the previous year.」
Amid continued severe conditions due to intensifying competition, revenue from the photography studio business decreased 16.1% year on year. The segment loss was unchanged from the same period of the previous year. - FY2018WorsenedAnnual report
「Revenue from the photo studio business was ¥162 million, down 10.1% from the previous fiscal year, and the segment loss was ¥39 million, compared with a segment loss of ¥2 million in the previous fiscal year.」
Amid continued intensifying competition, the photo studio business reported a revenue decline, and the segment loss widened from ¥2 million in the previous fiscal year to ¥39 million. - FY2018-Q3WorsenedAnnual report
「The photo studio business, which operates 3 photo studios under the name Aishakan, has undertaken measures to increase revenue, including refurbishing its Yokohama flagship studio in the first quarter and strengthening external sales activities, but challenging conditions continue due to intensifying competition. As a result, revenue from the photo studio business was ¥91 million, down 3.8% year on year, and the segment loss was ¥45 million, compared with a segment loss of ¥27 million in the same period of the previous year.」
The disclosure states that, amid continued challenging conditions due to intensifying competition, revenue declined 3.8% year on year and the segment loss widened to ¥45 million. - FY2018-Q2WorsenedAnnual report
「The photo studio business, which operates 3 photo studios under the name Aishakan, has undertaken measures to increase revenue, including refurbishing its Yokohama flagship studio in the first quarter and strengthening external sales activities, amid continued challenging conditions due to intensifying competition. As a result, revenue from the photo studio business was ¥54 million, down 1.7% year on year, and the segment loss was ¥35 million, compared with a segment loss of ¥23 million in the same period of the previous year.」
Amid continued challenging conditions due to intensifying competition, revenue declined 1.7% year on year and the segment loss widened to ¥35 million. - FY2018-Q1RestatedAnnual report
「The photo studio business, which operates 3 photo studios under the name Aishakan, continues to face challenging conditions due to intensifying market competition.」
The disclosure states that the challenging business environment caused by intensifying competition in the photo studio market continues. - FY2017RestatedAnnual report
「Although efforts were made to attract new customers, the business environment became challenging due to intensifying market competition. As a result, revenue from the photo studio business was ¥180 million, down 9.9% from the previous fiscal year, and the segment loss was ¥2 million, compared with segment profit of ¥13 million in the previous fiscal year.」
The challenging conditions caused by intensifying competition in the photo studio market and the full-year revenue decline and segment loss were disclosed. - FY2017-Q3MaterialisedAnnual report
「The business environment became challenging due to intensifying market competition. As a result, revenue from the photo studio business was ¥94 million, down 4.2% year on year, and the segment loss was ¥27 million, compared with a segment loss of ¥18 million in the same period of the previous year.」
The effects of the challenging conditions caused by intensifying competition in the photo studio market were reflected in the results, with revenue declining and the segment loss widening.