Intensifying competition, including from other industries
First written in FY2016. 10 of 21 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2025.
Hachi-Ban moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 38 of 56 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group operates a chain of mainly ramen restaurants in the foodservice business and is working to establish a competitive format that customers will choose preferentially. However, it faces intense competition not only from companies in the same industry operating ramen restaurants and similar businesses, but also from Japanese, Western and Chinese restaurants, fast-food chains, convenience stores and food retailers, including takeout bento and delivery businesses, in terms of products, prices, convenience, quality and service offerings.」
The company continues to identify the broad competitive environment, including convenience stores, takeout bento and delivery businesses as well as competing foodservice businesses, as a risk. - FY2024RestatedAnnual report
「The Group operates a chain of mainly ramen restaurants in the foodservice business and is working to establish a competitive format that customers will choose preferentially. However, it faces intense competition not only from companies in the same industry operating ramen restaurants and similar businesses, but also from Japanese, Western and Chinese restaurants, fast-food chains, convenience stores and food retailers, including takeout bento and delivery businesses, in terms of products, prices, convenience, quality and service offerings.」
In addition to competing foodservice businesses, the company continues to identify the broad competitive environment, including convenience stores, takeout bento and delivery businesses, as a risk. - FY2023WorsenedAnnual report
「The foodservice industry to which the Group belongs faces a difficult environment, including market contraction due to population decline and the declining birthrate and aging population, lost sales opportunities due to labor shortages, changes in usage occasions resulting from the spread of COVID-19, and soaring raw material and energy costs. Competition among companies is expected to intensify further.」
As factors behind intensifying competition, the company newly lists market contraction, lost sales opportunities due to labor shortages, changes in usage occasions, and soaring raw material and energy costs. - FY2022RestatedAnnual report
「The Group operates a chain of mainly ramen restaurants in the foodservice business and is working to establish a competitive format that customers will choose preferentially. However, it faces intense competition not only from companies in the same industry operating ramen restaurants and similar businesses, but also from Japanese, Western and Chinese restaurants, fast-food chains, convenience stores and food retailers, including takeout bento and delivery businesses, in terms of products, prices, convenience, quality and service offerings.」
In addition to competing foodservice businesses, the company continues to identify the broad competitive environment, including convenience stores, takeout bento and delivery businesses, as a risk. - FY2021RestatedAnnual report
「The Group operates a chain of mainly ramen restaurants in the foodservice business and is working to establish a competitive format that customers will choose preferentially. However, it faces intense competition not only from companies in the same industry operating ramen restaurants and similar businesses, but also from Japanese, Western and Chinese restaurants, fast-food chains, convenience stores and food retailers, including takeout bento and delivery businesses, in terms of products, prices, convenience, quality and service offerings.」
The company continues to identify the broad competitive environment, including convenience stores, takeout bento and delivery businesses as well as competing foodservice businesses, as a risk. - FY2020WorsenedAnnual report
「However, if competing restaurants offering products and services with greater added value emerge, threatening the Group's competitive advantage and causing sales to decline, or if costs increase as a result of improving quality and service levels amid intensifying competition, this could affect the Group's business results.」
Regarding competition risk, the company explicitly identifies not only the emergence of higher-value-added competing restaurants but also increased costs associated with improving quality and services as factors that could have an impact. - FY2020-Q2WorsenedAnnual report
「The foodservice industry remains in a difficult business environment. In addition to soaring raw material prices and rising personnel-related costs against a backdrop of work-style reforms and labor shortages, the consumption tax increase and reduced tax rate system introduced in October this year are expected to reduce dining-out occasions because eating out is perceived as relatively expensive compared with the lower prices of prepared meals.」
In addition to rising raw material and personnel costs, the company cites the perception that eating out is relatively expensive under the consumption tax increase and reduced tax rate system, and the possibility of fewer dining-out occasions, as factors making the competitive and business environment more difficult. - FY2020-Q1WorsenedAnnual report
「The foodservice industry remains in a difficult business environment, owing to soaring raw material prices, rising personnel-related costs against a backdrop of work-style reforms and labor shortages, and the growth of the prepared-meals market.」
The company cites rising raw material prices and personnel-related costs, as well as growth in the prepared-meals market, as factors contributing to the difficult business environment. - FY2019WorsenedAnnual report
「Competition has recently also emerged in securing suitable new store locations and highly capable personnel.」
The company specifies that competition extends beyond competition within and outside the industry to securing new store locations and highly capable personnel. - FY2019-Q3WorsenedAnnual report
「The foodservice industry is facing an increasingly uncertain environment, as extreme heat and typhoons have made it difficult to procure raw materials reliably, while raw material prices and logistics costs are rising and personnel-related costs are increasing against a backdrop of work-style reforms and labor shortages.」
The company states that the foodservice industry's difficult environment has become increasingly uncertain, citing the impact of extreme heat and typhoons on raw material procurement and increases in raw material prices, logistics costs and personnel-related costs. - FY2019-Q2MaterialisedAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year were ¥374 million, down 0.3% year on year, while soaring packaging material prices and logistics costs resulted in an ordinary loss of ¥4 million, compared with ordinary profit of ¥15 million in the same period of the previous year.」
Soaring packaging material prices and logistics costs were reflected in actual results as a ¥4 million ordinary loss in the external sales business. This represents a quantified impact of the risks. - FY2019-Q1MaterialisedAnnual report
「As a result, amid intensifying sales competition in the fresh noodle market and soaring logistics and personnel costs, net sales for the cumulative first quarter of the current consolidated fiscal year were ¥167 million, up 2.3% year on year, and ordinary loss was ¥3 million, compared with ordinary profit of ¥1 million in the same period of the previous year.」
The intensifying sales competition in the fresh noodle market and soaring logistics and personnel costs were reflected in actual results as an ordinary loss in the external sales business. - FY2018WorsenedAnnual report
「The foodservice industry remains in a difficult environment, owing to unfavorable summer weather, rising raw material prices, increases in personnel-related and logistics costs against a backdrop of labor shortages and improving employment conditions, and the impact of heavy snowfall in the Hokuriku region.」
The company describes a difficult environment involving the previous issues of competition, raw material prices and personnel costs, as well as rising logistics costs and the impact of heavy snowfall in the Hokuriku region. - FY2018-Q3WorsenedAnnual report
「The foodservice industry remains in a difficult environment, owing to unfavorable summer weather, rising raw material prices and increases in personnel-related costs and logistics costs against a backdrop of labor shortages and improving employment conditions.」
The company describes a difficult business environment involving not only the previous increases in raw material prices and personnel-related costs, but also rising logistics costs. - FY2018-Q2RestatedAnnual report
「The foodservice industry remains in a difficult environment, owing to unfavorable summer weather, rising raw material prices and increases in personnel-related costs against a backdrop of labor shortages and improving employment conditions.」
The company continues to describe a difficult business environment in the foodservice industry, including raw material prices, personnel-related costs and unfavorable weather. - FY2018-Q1RestatedAnnual report
「The foodservice industry also remains in a difficult environment. Competition between stores within and outside the industry is becoming increasingly intense, while raw material prices and personnel-related costs continue to rise against a backdrop of labor shortages and improving employment conditions.」
The company continues to describe a difficult business environment involving competition between stores within and outside the industry, rising raw material prices and rising personnel-related costs. - FY2017WorsenedAnnual report
「The foodservice industry also remains in a difficult environment, as consumers continue to be strongly inclined to save, competition between stores within and outside the industry is becoming increasingly intense, raw material prices are rising, and personnel-related costs continue to increase against a backdrop of labor shortages and improving employment conditions.」
The company describes a more difficult business environment than before, with increasingly intense competition between stores within and outside the industry and continued increases in raw material prices and personnel-related costs. - FY2017-Q3RestatedAnnual report
「The foodservice industry also remains in a difficult environment, as consumers continue to be strongly inclined to save, personnel-related costs are rising against a backdrop of labor shortages, and competition continues not only within the industry but also with companies in other industries.」
The company continues to identify the difficult business environment, including ongoing competition within and outside the industry, as a risk. - FY2017-Q2RestatedAnnual report
「As a result, amid increasingly intense sales competition in the fresh noodle market, net sales for the cumulative second quarter of the current consolidated fiscal year were ¥367 million, down 2.0% year on year, and ordinary profit was ¥22 million, down 0.9%.」
The company continues to state that sales competition in the fresh noodle market is intense and that net sales and ordinary profit in the external sales business declined year on year. - FY2017-Q1WorsenedAnnual report
「Amid increasingly intense sales competition in the fresh noodle market, net sales for the cumulative first quarter of the current consolidated fiscal year were ¥166 million, down 2.5% year on year, and ordinary profit was ¥6 million, down 17.5%.」
The company states that sales competition in the fresh noodle market has become increasingly intense in its external sales business, and also reports declines in net sales and ordinary profit. - FY2016First statedAnnual report
「Although the Group is primarily engaged in the ramen business, it faces intense competition not only from companies in the same industry operating ramen businesses and similar businesses, but also from Japanese, Western and Chinese restaurants, fast-food chains, convenience stores and food retailers, including takeout bento businesses, in terms of products, prices, convenience, quality and service offerings.」
The company identifies broad-based competition, including from foodservice and food retail businesses as well as competing ramen restaurants, as a risk.