Consumers' Cost-Saving Orientation and Intensifying Price Competition in the Mail-Order Industry
First written in FY2018-Q1. 12 of 20 entries say "Reframed", first in FY2018. Latest entry: FY2026.
Belluna moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2018: 16 of 40 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026ReframedAnnual report
「At the same time, as inflation continued, consumers' cost-saving preferences and tendency to prioritize selected purchases remained strong, leaving the outlook for private consumption uncertain.」
The description has shifted from the mail-order environment centered on a deflationary mindset and price competition to identifying cost-saving preferences and selective consumption amid inflation as concerns affecting private consumption. - FY2025ReframedAnnual report
「At the same time, the outlook may remain uncertain due to stagnating consumer sentiment amid prolonged inflation, prolonged instability in the global situation and trends in the trade policies of the new US administration.」
Concerns affecting the mail-order business and domestic consumption have been reorganized from the previous focus on a deflationary mindset and price competition to stagnating consumer sentiment due to prolonged inflation, the global situation and US trade policy. - FY2024ReframedAnnual report
「At the same time, prolonged inflation may stagnate consumer sentiment, while geopolitical risks arising from the situations in the Middle East and Ukraine and uncertain macroeconomic trends, including foreign exchange rates and interest rates resulting from the Bank of Japan's monetary policy, may also weigh on domestic consumption.」
The concerns affecting domestic consumption have shifted from the previous references to cost-saving preferences, a deflationary mindset and price competition to stagnating consumer sentiment due to prolonged inflation, geopolitical risks, monetary policy, and foreign exchange rates and interest rates. - FY2024-Q1ReframedAnnual report
「In the mail-order industry, although demand for staying at home due to the spread of COVID-19 has weakened, usage of mail-order services by a broad range of customers continues to expand.」
The recognition has shifted from rapid growth driven by stay-at-home demand to continued expansion in mail-order usage among a broad range of customers despite the weakening of stay-at-home demand. - FY2023-Q3RestatedAnnual report
「In the mail-order industry, although the impact of refraining from going out and avoiding contact due to the spread of COVID-19 has weakened somewhat, demand for mail-order services from a broad range of customers continues to expand.」
The industry continues to recognize that, although the impact of refraining from going out and avoiding contact has weakened somewhat, demand for mail-order services among a broad range of customers is expanding. - FY2023-Q1ReframedAnnual report
「In the mail-order industry, although the impact of refraining from going out and avoiding contact due to the spread of COVID-19 has weakened somewhat, demand for mail-order services from a broad range of customers continues to expand.」
The description has shifted from demand growth due to refraining from going out and avoiding contact to continued expansion in mail-order demand among a broad range of customers even after those effects have weakened somewhat. - FY2022-Q1RestatedAnnual report
「In the mail-order industry, demand from a broad range of customers increased and usage expanded due to people refraining from going out and avoiding contact as a result of the spread of COVID-19.」
The increase in mail-order demand and expanded usage among a broad range of customers against the backdrop of refraining from going out and avoiding contact continue to be cited. - FY2021-Q3RestatedAnnual report
「In the mail-order industry, demand from a broad range of customers increased and usage expanded as lifestyles changed due to people refraining from going out and avoiding contact as a result of the spread of COVID-19.」
In place of the previously described difficult industry environment, the description states that mail-order demand continues to expand against the backdrop of people refraining from going out, avoiding contact and changing their lifestyles due to COVID-19. - FY2021-Q1ReframedAnnual report
「In the mail-order industry, demand from a broad range of customers increased and usage expanded as people refrained from going out and avoided contact due to the spread of COVID-19.」
The focus of the description has shifted from the difficult environment in the mail-order industry, centered on consumers' deflationary mindset, price competition, rising delivery costs and soaring paper costs, to increased demand and expanded usage among a broad range of customers against the backdrop of refraining from going out and avoiding contact due to the spread of COVID-19. - FY2020-Q3ReframedAnnual report
「In the mail-order industry, the market continued to expand through e-commerce, but soaring paper costs in catalog mail-order operations continued to contribute to a difficult environment.」
While the e-commerce market continued to expand, soaring paper costs in catalog mail-order operations have been brought to the forefront as a factor contributing to the difficult environment, replacing the previous references to price competition and other factors. - FY2020-Q2RestatedAnnual report
「In the mail-order industry, the market continued to expand through e-commerce, but the impact of frequent unsettled weather and natural disasters, as well as soaring paper costs in catalog mail-order operations, continued to create a difficult environment.」
The description continues to identify unsettled weather, frequent natural disasters and soaring catalog paper costs, alongside the expanding e-commerce market, as factors contributing to the difficult environment in the mail-order industry. - FY2020-Q1ReframedAnnual report
「In the mail-order industry, the market continued to expand through e-commerce, but unsettled weather and frequent natural disasters, as well as soaring paper costs in catalog mail-order operations, continued to create a difficult environment.」
Although the e-commerce market continued to expand, unsettled weather, frequent natural disasters and soaring catalog paper costs, rather than the previously cited deflationary mindset, price competition and rising delivery costs, are identified as factors contributing to the difficult environment. - FY2019ReframedAnnual report
「In the mail-order industry, the market continued to expand due to the rapid growth of e-commerce, but consumers' deflationary mindset remained strong, while rising delivery costs, unsettled weather and frequent natural disasters continued to create a difficult environment.」
In addition to the previous references to a deflationary mindset, price competition and rising delivery costs, unsettled weather and frequent natural disasters are explicitly identified as factors contributing to the difficult environment in the mail-order industry. - FY2019-Q3ReframedAnnual report
「In the mail-order industry, the market continued to expand due to the rapid growth of e-commerce, but consumers' deflationary mindset remained strong, while rising delivery costs and frequent natural disasters continued to create a difficult environment.」
In addition to the expanding e-commerce market and consumers' deflationary mindset, rising delivery costs and frequent natural disasters are identified as factors contributing to the difficult environment in the mail-order industry. - FY2019-Q2RestatedAnnual report
「In the mail-order industry, the market continued to expand due to the rapid growth of e-commerce, but consumers' deflationary mindset remained strong, and the intensification of price competition among companies and rising delivery costs left the industry in a difficult environment.」
The description continues to identify consumers' deflationary mindset, price competition and rising delivery costs, alongside the expanding e-commerce market, as factors contributing to the difficult environment in the mail-order industry. - FY2019-Q1ReframedAnnual report
「In the mail-order industry, the market continued to expand due to the rapid growth of e-commerce, but consumers' deflationary mindset remained strong, and the intensification of price competition among companies and rising logistics costs left the industry in a difficult environment.」
The wording has changed from "cost-saving preferences" to "deflationary mindset," but the description continues to present the expanding e-commerce market and the difficult environment caused by price competition and rising logistics costs. - FY2018ReframedAnnual report
「Although the market continued to expand due to the rapid growth of e-commerce, consumers' cost-saving preferences remained strong, and the intensification of price competition among companies and rising logistics costs left the industry in a difficult environment.」
In addition to the previous references to cost-saving preferences, the increase in competing companies and price competition, rising logistics costs are explicitly identified as a factor contributing to the difficult environment in the mail-order industry. - FY2018-Q3RestatedAnnual report
「In the mail-order industry, the market continued to expand rapidly as a result of the sharp growth in e-commerce, but consumers' cost-saving preferences remained strong and price competition among companies intensified, leaving the industry in a difficult environment.」
While the market continues to expand through e-commerce, consumers' cost-saving preferences and price competition among companies continue to be cited as factors contributing to the difficult environment in the mail-order industry. - FY2018-Q2RestatedAnnual report
「In the mail-order industry, the market continued to expand, but consumers' cost-saving preferences remained strong and price competition intensified as the number of competing companies increased, leaving the industry in a difficult environment.」
Consumers' cost-saving preferences, the increase in competing companies and intensifying price competition continue to be cited as factors contributing to the difficult environment in the mail-order industry. - FY2018-Q1First statedAnnual report
「Although the mail-order market continued to expand, consumers remained strongly inclined to economize and price competition intensified as the number of competing companies increased.」
Despite continued growth in the mail-order market, the company newly identifies consumers' preference for saving, an increase in competitors and intensifying price competition as industry risks.