Intensifying competition, new entrants and M&A in the drugstore industry
First written in FY2017-Q1. 17 of 34 entries say "Restated". Latest entry: FY2027-H1.
Sundrug moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 24 of 46 companies on the "Worse" side.
25 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「In the drugstore and discount store industries, competition has intensified due to increased store-opening competition with competitors, competition with other business formats, and the expansion of the e-commerce market. In addition, seasonal products performed poorly due to weather conditions such as torrential rain and typhoons, resulting in a continued challenging operating environment.」
In addition to the existing store-opening and other-format competition, the intensification of competition accompanying the expansion of the e-commerce market and the poor performance of seasonal products due to torrential rain and typhoons were explicitly identified. - 2026-08-14WorsenedResults
「同業他社との出店競争の激化や大手企業間における業界再編の進展に加え、他業態との競争等、更にはエネルギーなどの資源価格や物流費の変動リスクが続いており、経営環境は一層厳しさを増しております。」
従来の競争激化・業界再編・他業態競争に加え、資源価格と物流費の変動リスクを明示し、経営環境を「一層厳しさを増しております」と表現した。 - FY2026WorsenedAnnual report
「While store-opening competition is intensifying, industry restructuring is progressing, and competition with other business formats continues, we recognize that the industry environment is expected to remain challenging, due not only to labor shortages caused by population decline and the declining birthrate and aging population, but also to possible impacts on sales promotion activities from soaring raw material prices and procurement difficulties.」
In addition to the existing store-opening competition, industry restructuring, and competition with other business formats, labor shortages caused by population decline and the declining birthrate and aging population, soaring raw material prices, and procurement difficulties were explicitly identified as factors contributing to the deterioration of the industry environment. - FY2026-H1WorsenedAnnual report
「In addition, in this industry, the operating environment is becoming increasingly challenging due to store-opening competition with competitors, industry restructuring among major companies, competition with other business formats, and amendments to laws and regulations concerning pharmaceutical sales.」
In addition to the existing store-opening competition, industry restructuring among major companies, and competition with other business formats, amendments to laws and regulations concerning pharmaceutical sales were explicitly identified as factors contributing to the challenging industry environment. - FY2025-H1RestatedAnnual report
「In addition, in this industry, the operating environment is becoming increasingly challenging due to store-opening competition with companies from other industries and competitors, industry restructuring among major companies, and competition with other business formats.」
The challenging industry environment caused by store-opening competition with companies from other industries and competitors, industry restructuring among major companies, and competition with other business formats continues to be described. - FY2024-Q3RestatedAnnual report
「In addition, in this industry, the operating environment is becoming increasingly challenging due to store-opening competition with competitors, industry restructuring among major companies, and competition with other business formats.」
The challenging industry environment caused by store-opening competition, industry restructuring among major companies, and competition with other business formats continues to be described. - FY2024-Q2RestatedAnnual report
「The operating environment surrounding the Company is becoming increasingly challenging due to declining demand for products addressing COVID-19, store-opening competition with competitors, industry restructuring among major companies, and competition with other business formats.」
The challenging industry environment caused by declining demand for infection-prevention products, store-opening competition, industry restructuring among major companies, and competition with other business formats continues to be described. - FY2023RestatedAnnual report
「In this industry, the operating environment surrounding the Company is becoming increasingly challenging due to store-opening competition with competitors, industry restructuring, including consolidation among major companies, and competition with other business formats.」
The challenging industry environment caused by store-opening competition, industry restructuring among major companies, and competition with other business formats has continued throughout the fiscal year. - FY2023-Q3WorsenedAnnual report
「In this industry, although consumption demand is showing signs of recovery due to the resumption of entry by international visitors to Japan and the easing of restrictions on activities, the operating environment surrounding the Company is becoming increasingly challenging due to store-opening competition with competitors, industry restructuring among major companies, and competition with other business formats.」
While the resumption of entry by visitors to Japan and the easing of restrictions on activities indicated a recovery in demand, competition with other business formats was explicitly added to the existing store-opening competition and industry restructuring among major companies, broadening the range of competitive factors. - FY2023-Q2RestatedAnnual report
「In this industry, the operating environment surrounding the Company is becoming increasingly challenging due to the prolonged loss of inbound demand, the continued decline in cosmetics demand, store-opening competition with competitors, and industry restructuring among major companies.」
The challenging industry environment caused by the prolonged loss of inbound demand, the decline in cosmetics demand, store-opening competition, and industry restructuring among major companies continues to be described. - FY2023-Q1RestatedAnnual report
「In this industry, the operating environment is becoming increasingly challenging due to the prolonged loss of inbound demand, the continued decline in cosmetics demand, store-opening competition with competitors, and industry restructuring among major companies.」
The challenging industry environment caused by the prolonged loss of inbound demand, the decline in cosmetics demand, store-opening competition, and industry restructuring among major companies has continued. - FY2022RestatedAnnual report
「In this industry, the operating environment is becoming increasingly challenging due to store-opening competition with competitors and industry restructuring, including consolidation among major companies.」
The challenging industry environment caused by store-opening competition with competitors and industry restructuring among major companies has continued throughout the fiscal year. - FY2022-Q3WorsenedAnnual report
「In this industry, the operating environment is becoming increasingly challenging due to the temporary decline from the prior year's surge in at-home consumption of infection-prevention products, food, and daily necessities, the decline in demand for cold medicines and cosmetics resulting from heightened health awareness during the COVID-19 pandemic and the normalization of mask-wearing, and store-opening competition with competitors and industry restructuring, including consolidation among major companies.」
In addition to the existing store-opening competition and industry restructuring, the temporary decline from the surge in at-home consumption and the decline in demand for cold medicines and cosmetics due to heightened health awareness and the normalization of mask-wearing were specifically described. - FY2022-Q2WorsenedAnnual report
「In this industry, the operating environment is becoming increasingly challenging due to the loss of inbound demand resulting from continued entry restrictions, the decline in cosmetics demand associated with reduced foot traffic, the temporary decline from the prior year's surge in at-home consumption of infection-prevention products, food, and daily necessities, and store-opening competition with competitors and industry restructuring, including consolidation among major companies.」
In addition to the existing store-opening competition and M&A activity, industry restructuring, including consolidation among major companies, was explicitly identified. The loss of inbound demand, the decline in cosmetics demand, and the decline from the prior year's surge in at-home consumption were also listed, expanding the factors contributing to the challenging industry environment. - FY2022-Q1WorsenedAnnual report
「In this industry, the operating environment is becoming increasingly challenging due to the loss of inbound demand resulting from entry restrictions associated with the spread of COVID-19, the temporary decline from the prior year's surge in at-home consumption of infection-prevention products, food, and daily necessities, and store-opening competition and M&A activity among competitors.」
In addition to the existing store-opening competition and M&A activity, the loss of inbound demand and the decline from the prior year's surge in at-home consumption were described as factors contributing to the deterioration of the industry environment. - FY2021WorsenedAnnual report
「In the drugstore industry, the operating environment is expected to become increasingly challenging due to aggressive store openings and large-scale M&A transactions by leading companies, as well as the year-on-year decline in the population within each store's trade area.」
In addition to the existing store-opening competition, entry by companies from other industries, and M&A activity, large-scale M&A transactions and the decline in the population within each store's trade area were explicitly identified, expanding the factors contributing to the challenging industry environment. - FY2021-Q3RestatedAnnual report
「In this industry, although demand increased for products addressing the prevention of COVID-19 infections, such as masks and disinfectants, and for at-home consumption of food and daily necessities, the operating environment is becoming increasingly challenging due to the prolonged loss of inbound demand resulting from entry restrictions, store-opening competition with competitors, and M&A activity.」
The challenging industry environment caused by the prolonged loss of inbound demand, store-opening competition with competitors, and M&A activity has continued to be described. - FY2021-Q2RestatedAnnual report
「In this industry, although demand increased for products addressing the prevention of COVID-19 infections, such as masks and disinfectants, and for at-home consumption of food and daily necessities, the operating environment is becoming increasingly challenging due to the loss of inbound demand resulting from entry restrictions, store-opening competition with competitors, and larger-scale M&A transactions.」
The challenging industry environment, including store-opening competition and larger-scale M&A transactions, continued to be described alongside demand for infection-prevention products and at-home consumption, as well as the loss of inbound demand. - FY2020-Q3RestatedAnnual report
「In this industry, the operating environment is becoming increasingly challenging due to rising logistics and labor costs, diversification of sales channels, store-opening and price competition with competitors, and the trend toward larger-scale entry by companies from other industries and M&A transactions.」
The challenging industry environment caused by rising logistics and labor costs, diversification of sales channels, store-opening and price competition, entry by companies from other industries, and larger-scale M&A transactions has continued. - FY2020-Q2RestatedAnnual report
「In this industry, the operating environment is becoming increasingly challenging due to rising logistics and labor costs, diversification of sales channels, store-opening and price competition with competitors, and the trend toward larger-scale entry by companies from other industries and M&A transactions.」
The challenging industry environment caused by rising logistics and labor costs, diversification of sales channels, store-opening and price competition, entry by companies from other industries, and larger-scale M&A transactions has continued. - FY2020-Q1WorsenedAnnual report
「In the drugstore industry, the operating environment remains increasingly challenging due to aggressive store openings and price competition among competitors, diversification of sales channels, increased entry by companies from other industries, and the trend toward larger-scale M&A transactions.」
In addition to the existing factors intensifying competition, the trend toward larger-scale M&A transactions was explicitly identified, strengthening the factors contributing to the challenging industry environment. - FY2019WorsenedAnnual report
「In the drugstore industry, the operating environment remains increasingly challenging due to aggressive store openings and price competition among competitors, diversification of sales channels, increased entry by companies from other industries and M&A activity, and reductions in drug prices and dispensing fees.」
In addition to the existing store-opening and price competition, diversification of sales channels, entry by companies from other industries, and M&A activity, reductions in drug prices and dispensing fees were added as factors contributing to the challenging environment. - FY2019-Q3WorsenedAnnual report
「In the drugstore industry, the operating environment remains increasingly challenging due to aggressive store openings and price competition among competitors, the diversification of sales channels, and increased entry by companies from other industries and M&A activity.」
In addition to the existing store-opening and price competition, entry by companies from other industries, and M&A activity, the diversification of sales channels was explicitly identified, expanding the factors contributing to the challenging environment, including increased M&A activity. - FY2019-Q2RestatedAnnual report
「In the drugstore industry, the operating environment remains increasingly challenging, with aggressive store openings and price competition among competitors, as well as increased entry by companies from other industries and growth in M&A activity.」
The challenging industry environment caused by aggressive store openings, price competition, entry by companies from other industries, and increased M&A activity has continued. - FY2019-Q1RestatedAnnual report
「In the drugstore industry, the operating environment remains increasingly challenging, with aggressive store openings and price competition among competitors, as well as increased entry by companies from other industries and growth in M&A activity.」
The challenging industry environment caused by store-opening competition, price competition, entry by companies from other industries, and increased M&A activity has continued. - FY2018RestatedAnnual report
「In the drugstore industry, the operating environment remains increasingly challenging, with aggressive store openings and price competition among competitors, increased entry by companies from other industries and M&A activity, and rising logistics and labor costs.」
The challenging industry environment caused by store-opening and price competition, entry by companies from other industries, M&A activity, and rising logistics and labor costs continued throughout the fiscal year. - FY2018-Q3RestatedAnnual report
「In the drugstore industry, the operating environment remains increasingly challenging, with aggressive store openings and price competition among competitors, increased entry by companies from other industries and M&A activity, and rising logistics and labor costs.」
The challenging industry environment caused by store-opening and price competition, entry by companies from other industries, M&A activity, and rising logistics and labor costs has continued. - FY2018-Q2WorsenedAnnual report
「In the drugstore industry, the operating environment remains increasingly challenging, with aggressive store openings and price competition among competitors, increased entry by companies from other industries and M&A activity, and rising logistics and labor costs.」
In addition to the existing store-opening and price competition, entry by companies from other industries, and M&A activity, rising logistics and labor costs were added as factors contributing to the deterioration of the industry environment. - FY2018-Q1RestatedAnnual report
「In the drugstore industry, the operating environment remains increasingly challenging, with aggressive store openings and price competition among competitors, as well as increased entry by companies from other industries and growth in M&A activity.」
The challenging industry environment caused by store-opening competition, price competition, entry by companies from other industries, and increased M&A activity has continued unchanged. - FY2017WorsenedAnnual report
「In the drugstore industry, the operating environment remains increasingly challenging, with aggressive store openings and price competition among competitors, as well as increased entry by companies from other industries and growth in M&A activity.」
A challenging environment has persisted due to store-opening and price competition, entry by companies from other industries, and increased M&A activity. Management policy also indicated the progress of entry into other industries, including online sales, and industry restructuring. - FY2017-Q2RestatedAnnual report
「In the drugstore industry, the operating environment has become increasingly challenging as competitors actively open new stores and engage in price competition, while more companies from other industries enter the market and M&A activity increases.」
The challenging industry environment caused by competition to open new stores, price competition, entry by companies from other industries and M&A continues. - FY2017-Q1First statedAnnual report
「In the drugstore industry, the operating environment has become increasingly challenging as competitors actively open new stores and engage in price competition, while more companies from other industries enter the market and M&A activity increases.」
Store-opening competition, price competition, entry by companies from other industries and M&A were recorded as industry risks for the first time.