Growing Consumer Preference for Low Prices
First written in FY2016-Q2. 16 of 27 entries say "Restated". Latest entry: 2026-10-26.
Fujiya moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 35 of 51 companies on the "Worse" side.
13 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「As consumers became increasingly inclined to save after the beginning of the year, stagnating customer traffic at the Western-style confectionery chain became a major issue.」
Consumer thrift strengthened further and materialized as a business challenge in the form of sluggish customer traffic at the Western-style confectionery chain. - FY2025RestatedAnnual report
「The economic environment surrounding the Group is expected to remain difficult because, in addition to customers’ inclination to save in response to food price increases, concerns remain over higher raw material prices, logistics costs and labor costs.」
Continues to identify customer thrift in response to food price increases, alongside rising costs, as a factor making the operating environment difficult. - FY2025-H1RestatedAnnual report
「The situation has remained difficult because consumers have become increasingly inclined to save in response to price increases.」
Continues to identify consumers’ stronger inclination to save in response to food price increases as a factor behind difficult conditions in the food industry. - FY2024RestatedAnnual report
「Japan’s economy is recovering gradually as the government’s various measures take effect. However, the food industry remained difficult because of soaring raw material and energy prices and customers’ increasingly strong inclination to save in response to price increases.」
Continues to recognize that customers’ stronger inclination to save in response to price increases is contributing to difficult conditions in the food industry. - FY2024-H1RestatedAnnual report
「The situation remained difficult because of soaring raw material and energy prices and customers’ increasingly strong inclination to save in response to price increases.」
The previously cited stronger preference for lower prices and saving continues to be explicitly linked to customers’ responses to food price increases. - FY2024-Q1RestatedAnnual report
「The situation remained difficult because of soaring raw material and energy prices and customers’ increasingly strong inclination to save in response to price increases.」
The previously cited strengthening of consumer thrift continues to be explicitly linked to responses to food price increases. - FY2023-Q3ReappearedAnnual report
「The food industry remained difficult because of soaring raw material and energy prices and customers’ increasingly strong inclination to save in response to food price increases.」
Consumer thrift, which had disappeared from the disclosures for a period, is explicitly mentioned again as a response to food price increases. - FY2021DroppedAnnual reportThis filing does not explicitly mention the previous wording about consumers’ preference for lower prices, inclination to save or stalled consumer sentiment, focusing instead on the spread of COVID-19 and adaptation to a new lifestyle.
- FY2020-Q1ReframedAnnual report
「In the food industry to which the Group belongs, the operating environment rapidly became difficult because of a sharp decline in inbound tourism demand and the impact of requests to refrain from going out. Restaurants in particular were significantly affected by the requests to refrain from going out.」
The description has shifted from lower prices and saving to a sharp decline in consumption and customer visits caused by the collapse in inbound tourism demand and requests to refrain from going out. - FY2019-Q3WorsenedAnnual report
「In the food industry to which the Group belongs, consumer sentiment has stagnated because of uncertainty over the economic outlook, in addition to the October increase in the consumption tax rate, while natural disasters and adverse weather conditions also had an impact, leaving the operating environment difficult.」
In addition to stalled consumer sentiment, explicitly identifies the October consumption tax increase, natural disasters and adverse weather as factors worsening the consumption environment. - FY2019-Q2RestatedAnnual report
「In the food industry to which the Group belongs, consumer sentiment has increasingly stalled because of uncertainty over the economic outlook, leaving the operating environment difficult.」
Continues to describe stalled consumer sentiment caused by uncertainty over the economic outlook, replacing the previous wording about lower prices and saving. - FY2019-Q1SoftenedAnnual report
「In addition to successive food price increases caused by soaring raw material and labor costs, consumer sentiment has increasingly stalled because of uncertainty over the economic outlook.」
The wording has shifted from “preference for lower prices” and “inclination to save” to stalled consumer sentiment caused by price increases. - FY2018RestatedAnnual report
「In the food industry to which the Group belongs, consumers’ inclination to save remains strong, while intensified sales competition and the impact of extremely hot weather and natural disasters have left the operating environment difficult.」
Continues to recognize consumers’ strong inclination to save despite signs of recovery in personal consumption. - FY2018-Q3RestatedAnnual report
「In the food industry to which the Group belongs, consumers’ inclination to save remains strong, while intensified sales competition and the impact of extremely hot weather and other adverse weather conditions have left the operating environment difficult.」
Continues to recognize consumers’ strong inclination to save. - FY2018-Q1RestatedAnnual report
「In the food industry to which the Group belongs, personal consumption has recovered as employment and income conditions improved, but consumers’ inclination to save remains strong because of food and gasoline price increases, leaving the operating environment difficult.」
Continues to recognize a recovery in personal consumption while stating that consumer thrift remains strong against a backdrop of food and other price increases. - FY2017RestatedAnnual report
「In the food industry to which the Group belongs, consumers’ deeply rooted inclination to save has continued.」
States that consumers’ preference for saving and lower prices continues to make the operating environment in the food industry difficult. - FY2017-Q3RestatedAnnual report
「In the food industry to which the Group belongs, consumers have continued to favor saving and lower prices, while sales competition has intensified, leaving the operating environment difficult.」
Reiterates the continuing preference for saving and lower prices. - FY2017-Q2RestatedAnnual report
「In the food industry to which the Group belongs, consumers have continued to be inclined to save because of concern over the economic outlook, while sales competition has intensified, leaving the operating environment difficult.」
Reiterates continued consumer thrift and adds intensifying sales competition. - FY2017-Q1RestatedAnnual report
「In the food industry to which the Group belongs, consumers have continued to be inclined to save because of concern over the economic outlook, and the operating environment remains difficult.」
Reiterates that consumer thrift caused by concern over the economic outlook continues. - FY2016RestatedAnnual report
「Although a further consumption tax increase was postponed, consumers’ preference for lower prices has strengthened because of concern over the economic outlook, and the operating environment remains difficult.」
Continues to identify stronger consumer preference for lower prices, driven by concern over the economic outlook, as an operating-environment factor. - FY2016-Q3RestatedAnnual report
「Although a further consumption tax increase was postponed, consumers’ preference for lower prices has strengthened because of concern over the economic outlook.」
Continues to describe stronger preference for lower prices against a backdrop of concern over the economic outlook and refers to its impact on the restaurant business. - FY2016-Q2First statedAnnual report
「Although another consumption tax increase was postponed, consumers’ preference for low prices has strengthened, making the operating environment increasingly challenging.」
Identifies the strengthening preference for low prices as a factor worsening the operating environment and also refers to its impact on the restaurant business.