Komori
Makiya (9890) · RiskRestated

Intensifying Competition from Other Retail Formats and Online Shopping

First written in FY2016. 27 of 34 entries say "Restated". Latest entry: 2026-08-10.

34entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2019-Q3RestatedFY2020-Q1 – FY2023ReframedFY2024-Q32016: 320162017: 420172018: 320182019: 420192020: 420202021: 420212022: 320222023: 420232024: 120242025: 120252026: 32026
Same theme, other companies
Cautious consumer spending and competition among retail formatsA theme 47 companies write about · 47 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2026: 23 of 36 companies on the "Worse" side.

22 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 47 companies compared. The sentences above are computed from all 47.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-10RestatedEarnings

    「Intensifying price competition due to new stores opened by competitors and the expansion of e-commerce」

    New competitor stores and expanding e-commerce were again cited as factors intensifying price competition and creating a challenging business environment.
  2. FY2026RestatedAnnual report

    「Intensifying price competition due to new stores opened by competitors and the expansion of e-commerce」

    It continues to identify intensifying price competition driven by the opening of competing stores and the expansion of e-commerce as a factor contributing to the challenging industry environment.
  3. 2026-05-12RestatedFinancial results briefing materials

    「Intensifying competition from new stores opened by competitors Intensifying price competition」

    The company reiterated intensifying competition from new competitor stores and price competition as business-environment factors.
  4. FY2026-H1RestatedAnnual report

    「Intensifying price competition due to new stores opened by competitors and the expansion of e-commerce」

    It continues to describe intensifying price competition driven by the opening of competing stores and the expansion of e-commerce as a factor contributing to the challenging environment in the retail industry.
  5. FY2024-Q3ReframedAnnual report

    「Intensifying price competition due to new stores opened by competitors and the expansion of e-commerce」

    Regarding the factors behind intensifying competition, the wording has been revised from the previous quarter’s “major companies’ store-opening strategies” to price competition driven by the opening of competing stores and the expansion of e-commerce.
  6. FY2024-Q2RestatedAnnual report

    「Intensifying competition due to major companies’ store-opening strategies and the expansion of e-commerce」

    It continues to describe intensifying competition driven by major companies’ store-opening strategies and the expansion of e-commerce as a factor contributing to the challenging environment in the retail industry.
  7. FY2024-Q1ReframedAnnual report

    「Intensifying competition due to major companies’ store-opening strategies and the expansion of e-commerce」

    It has made its previous recognition of intensifying competition with businesses in the same and other formats and e-commerce more specific by identifying competition driven by major companies’ store-opening strategies and the expansion of e-commerce.
  8. FY2023RestatedAnnual report

    「Intensifying competition, including with businesses in the same and other formats and e-commerce」

    It continues to describe intensifying competition, including with businesses in the same and other formats and e-commerce, as a factor contributing to the challenging environment in the retail industry.
  9. FY2023-Q3RestatedAnnual report

    「Intensifying competition, including with businesses in the same and other formats and e-commerce」

    It continues to describe intensifying competition with businesses in the same and other formats and e-commerce as a factor contributing to the challenging environment in the retail industry.
  10. FY2023-Q2RestatedAnnual report

    「Intensifying competition, including with businesses in the same and other formats and e-commerce」

    It continues to describe intensifying competition with businesses in the same and other formats and e-commerce as a factor contributing to the challenging environment in the retail industry.
  11. FY2023-Q1RestatedAnnual report

    「Intensifying competition, including with businesses in the same and other formats and e-commerce」

    It continues to describe intensifying competition with businesses in the same and other formats and e-commerce as a factor contributing to the challenging environment in the retail industry.
  12. FY2022-Q3RestatedAnnual report

    「The operating environment in the retail industry remains challenging due to consumers’ preference for conserving household spending amid anxiety about the future, intensifying competition including with businesses in the same and other formats and e-commerce, declining disposable income associated with the ongoing population decline and aging of society, and rising labor costs due to labor shortages and higher minimum wages.」

    It has reconfirmed consumers’ preference for conserving household spending, competition with other business formats and e-commerce, demographics, disposable income, labor shortages and rising labor costs as factors contributing to the challenging business environment.
  13. FY2022-Q2RestatedAnnual report

    「The operating environment in the retail industry remains challenging due to consumers’ preference for conserving household spending amid anxiety about the future, intensifying competition including with businesses in the same and other formats and e-commerce, declining disposable income associated with the ongoing population decline and aging of society, and rising labor costs due to labor shortages and higher minimum wages.」

    It has reconfirmed consumers’ preference for conserving household spending, competition with other business formats and e-commerce, demographics, disposable income, labor shortages and rising labor costs as factors contributing to the challenging environment.
  14. FY2022-Q1RestatedAnnual report

    「The operating environment in the retail industry remains challenging due to consumers’ preference for conserving household spending amid anxiety about the future, intensifying competition including with businesses in the same and other formats and e-commerce, declining disposable income associated with the ongoing population decline and aging of society, and rising labor costs due to labor shortages and higher minimum wages.」

    It has reconfirmed consumers’ preference for conserving household spending, competition with other business formats and e-commerce, demographics, disposable income, labor shortages and rising labor costs as factors contributing to the challenging environment.
  15. FY2021RestatedAnnual report

    「The operating environment remains challenging due to consumers’ preference for conserving household spending amid anxiety about the future, intensifying competition including with businesses in the same and other formats and e-commerce, declining disposable income associated with the ongoing population decline and aging of society, and rising labor costs due to labor shortages and higher minimum wages.」

    It has reconfirmed its view that consumers’ preference for conserving household spending, competition with other business formats and e-commerce, demographics, disposable income, labor shortages and rising labor costs are factors contributing to the challenging business environment.
  16. FY2021-Q3RestatedAnnual report

    「Although business conditions have remained favorable recently due in part to increased demand for home-prepared meals resulting from lifestyle changes in the with-coronavirus era and higher demand for disinfectants and hygiene products, the retail industry continues to face a challenging operating environment due to consumers' preference for defensive spending amid concerns about the future, intensifying competition including from conventional and other retail formats as well as e-commerce, declining disposable income associated with the ongoing population decline and aging population, and surging personnel expenses due to labor shortages and rising minimum wages.」

    While noting a recent improvement in business conditions, it continues to recognize the challenging environment surrounding competition with other business formats and e-commerce, demographics, disposable income and labor costs.
  17. FY2021-Q2RestatedAnnual report

    「Although business conditions have remained favorable recently due in part to increased demand for home-prepared meals resulting from lifestyle changes in the with-coronavirus era and higher demand for disinfectants and hygiene products, the retail industry continues to face a challenging operating environment due to consumers' preference for defensive spending amid concerns about the future, intensifying competition including from conventional and other retail formats as well as e-commerce, declining disposable income associated with the ongoing population decline and aging population, and surging personnel expenses due to labor shortages and rising minimum wages.」

    While noting a recent improvement in business conditions driven by demand for at-home consumption and disinfection and hygiene products, it continues to identify risks from competition with other business formats and e-commerce, demographics, disposable income and labor costs.
  18. FY2021-Q1Addition of stay-at-home consumption and demand for hygiene productsAnnual report

    「Although changes in lifestyles associated with restrictions on movement and other measures temporarily increased demand for home-prepared meals through stay-at-home consumption and sharply increased demand for disinfectants and hygiene products, the retail industry continues to face a challenging operating environment due to consumers' preference for defensive spending amid concerns about the future, intensifying competition including from conventional and other retail formats as well as e-commerce, declining disposable income associated with the ongoing population decline and aging population, and surging personnel expenses due to labor shortages and rising minimum wages.」

    In addition to the previously recognized intensifying competition, demographic trends, declining disposable income and higher personnel expenses, the company describes stay-at-home consumption and the sharp increase in demand for disinfectants and hygiene products as temporary changes in the operating environment.
  19. FY2020Explicit identification of declining disposable income as a factorAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future, intensifying competition including from conventional and other retail formats as well as e-commerce, declining disposable income associated with the future population decline and aging population, and surging personnel expenses due to labor shortages and rising minimum wages.」

    In addition to the previously identified factors of intensifying competition, population decline and aging, labor shortages and higher personnel expenses, the company explicitly identifies declining disposable income associated with population decline and aging.
  20. FY2020-Q3Addition of rising minimum wages and surging personnel expensesAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future, intensifying competition including from conventional and other retail formats as well as e-commerce, the future population decline and aging population, and surging personnel expenses due to labor shortages and rising minimum wages.」

    In addition to the previously identified factors of intensifying competition, population decline and aging, and labor shortages, the company explicitly identifies higher personnel expenses due to rising minimum wages as a factor contributing to the challenging business environment.
  21. FY2020-Q2RestatedAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future, intensifying competition including from conventional and other retail formats as well as e-commerce, the ongoing population decline and aging population, and labor shortages.」

    The company continues to identify defensive spending preferences, intensifying competition including from conventional and other retail formats and e-commerce, population decline and aging, and labor shortages as factors contributing to the challenging business environment.
  22. FY2020-Q1RestatedAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future, intensifying competition including from conventional and other retail formats as well as e-commerce, the ongoing population decline and aging population, and labor shortages.」

    The company has reconfirmed that defensive spending preferences, intensifying competition including from conventional and other retail formats and e-commerce, population decline and aging, and labor shortages are factors contributing to the challenging business environment.
  23. FY2019ReframedAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future, intensifying competition including from conventional and other retail formats as well as e-commerce, the future population decline and aging population, and labor shortages.」

    The company explicitly identifies competition from conventional and other retail formats as well as e-commerce, together with population decline, population aging and labor shortages, as factors contributing to the challenging environment.
  24. FY2019-Q3RestatedAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future, intensifying competition including from other retail formats, and the expected future population decline.」

    The company continues to identify defensive spending preferences, intensifying competition including from other retail formats, and the expected future population decline as factors contributing to the challenging environment in the retail industry.
  25. FY2019-Q2RestatedAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future, intensifying competition including from other retail formats, and the expected future population decline.」

    The company continues to identify defensive spending preferences, intensifying competition including from other retail formats, and the expected future population decline as factors contributing to the challenging environment in the retail industry.
  26. FY2018RestatedAnnual report

    「The operating environment surrounding the group is expected to remain challenging due to further intensification of competition, including the emergence of retail formats other than the conventional format and online shopping, as well as changes in the social structure accompanying the declining birthrate and population aging.」

    The company continues to recognize the challenging environment resulting from intensifying competition with other retail formats and online shopping, as well as the declining birthrate and population aging.
  27. FY2018-Q3RestatedAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future and intensifying price competition following the opening of competing stores.」

    The company continues to identify consumers' preference for defensive spending and intensifying price competition following the opening of competing stores as factors contributing to the challenging operating environment.
  28. FY2018-Q2RestatedAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future and intensifying price competition following the opening of competing stores.」

    The company continues to identify consumers' preference for defensive spending and intensifying price competition following the opening of competing stores as factors contributing to the challenging operating environment.
  29. FY2018-Q1RestatedAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future and intensifying price competition following the opening of competing stores.」

    The company continues to identify consumers' preference for defensive spending and intensifying price competition following the opening of competing stores as factors contributing to the challenging operating environment.
  30. FY2017RestatedAnnual report

    「The operating environment surrounding the group is expected to remain challenging due to further intensification of competition among companies, including the emergence of retail formats other than the conventional format and online shopping, as well as changes in the social structure accompanying the declining birthrate and population aging.」

    The company continues to recognize the challenging environment resulting from intensifying competition with other retail formats and online shopping, as well as the declining birthrate and population aging.
  31. FY2017-Q3RestatedAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future and intensifying price competition following the opening of competing stores.」

    The company continues to identify consumers' preference for defensive spending and intensifying price competition following the opening of competing stores as factors contributing to the challenging operating environment.
  32. FY2017-Q2RestatedAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future and intensifying price competition following the opening of competing stores.」

    The company continues to identify consumers' preference for defensive spending and intensifying price competition following the opening of competing stores as factors contributing to the challenging operating environment.
  33. FY2017-Q1RestatedAnnual report

    「The retail industry continues to face a challenging operating environment, including consumers' preference for defensive spending amid concerns about the future and intensifying price competition following the opening of competing stores.」

    The company continues to cite intensifying price competition following the opening of competing stores as a factor contributing to the challenging operating environment.
  34. FY2016First statedAnnual report

    「The environment is expected to remain challenging due to further intensification of competition among companies, including the emergence of retail formats other than the conventional format and online shopping, as well as changes in the social structure accompanying the declining birthrate and population aging.」

    The company recognizes competition from other retail formats and online sales, in addition to conventional competitors, as a risk in its operating environment.
Moved together

"Market instability caused by China's economic slowdown and Brexit" moved the same way as this thread, in the same document, in 2 of its 34 moves.

222★123
  1. ★This thread
  2. 1Market instability caused by China's economic slowdown and Brexit2×
  3. 2Uncertainty surrounding personal consumption due to sluggish employee income growth and stagnant consumer sentiment2×
  4. 3Social Contributions Through Support for the Kumamoto Earthquake and the Kyushu Support Fair2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Makiya yet. It last moved in the Earnings of 2026-08-10: "Restated".
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Intensifying Competition from Other Retail Formats and Online Shopping | MAKIYA CO.,LTD. (9890) | Komori