Dependence on the Yoshinoya Business
First written in FY2017. 3 of 6 entries say "Worsened", first in FY2019. Latest entry: FY2023.
Yoshinoya Holdings moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 22 of 54 companies on the "Worse" side.
15 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「The Yoshinoya segment accounted for 67.7% of the group’s net sales in the current consolidated fiscal year. The group will continue opening and refurbishing Yoshinoya restaurants as its core segment, while focusing on developing its core businesses to reduce its dependence on the Yoshinoya segment.」
Yoshinoya’s share of net sales declined from 69.7% previously to 67.7%, but dependence remains high; the group cited both new store openings and refurbishments, as well as the development of its core businesses. - FY2022WorsenedAnnual report
「The Yoshinoya segment accounted for 69.7% of the group’s net sales in the current consolidated fiscal year.」
The Yoshinoya segment’s share of net sales rose from 61.4% previously to 69.7%, further increasing the group’s dependence on Yoshinoya sales. - FY2021WorsenedAnnual report
「The Yoshinoya segment accounted for 61.4% of the group’s net sales in the current consolidated fiscal year.」
The Yoshinoya segment’s share of net sales rose from the previously stated 50.7% to 61.4%, increasing the group’s dependence on Yoshinoya sales. - FY2019WorsenedAnnual report
「The Yoshinoya segment accounts for 50.7% of the group’s consolidated net sales. The group is focusing on developing its core businesses to reduce its dependence on a single business, but its dependence remains high, and Yoshinoya’s performance may have a significant impact on the performance of the group as a whole.」
The Yoshinoya segment’s share of net sales rose to 50.7% from the previously stated 50.4%. - FY2018MitigatedAnnual report
「The Yoshinoya segment accounts for 50.4% of the group’s consolidated net sales. The group is focusing on developing its core businesses to reduce its dependence on a single business, but its dependence remains high, and Yoshinoya’s performance may have a significant impact on the performance of the group as a whole.」
The Yoshinoya segment’s share of net sales declined from the previously stated 51.1% to 50.4%, but the group explained that its dependence remains high. - FY2017First statedAnnual report
「The Yoshinoya segment accounts for a high 51.1% of the group’s consolidated net sales. The group is focusing on developing its core businesses to reduce its dependence on a single business, but its dependence remains high, and Yoshinoya’s performance may have a significant impact on the performance of the group as a whole.」
The Yoshinoya segment accounts for 51.1% of consolidated net sales, and reducing dependence on a single business remains a challenge.