Market Activation Driven by Inbound Spending
First written in FY2016-Q3. 14 of 29 entries say "Restated". Latest entry: 2026-05-27.
Planet moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Reframed".
- 2026-05-27ReframedEarnings
「While consumers have become more focused on protecting their household finances amid rising prices, demand for value-added products that improve daily convenience and enrich everyday life remained firm, making the “selective nature” of consumption increasingly pronounced.」
The description of the market environment has become more specific by characterizing consumption as increasingly selective, citing both greater concern about household finances due to rising prices and continued strength in value-added products. - FY2026-H1RestatedAnnual report
「Specifically, growth in inbound demand provided a tailwind for store sales, while demand for skin care products, supported by growing health and beauty awareness, as well as gardening materials and pet-related products, also remained solid.」
The company continues to recognize that growth in inbound demand supported store sales and that demand for skin care products, gardening materials and pet-related products remained solid. - FY2025RestatedAnnual report
「On the other hand, as opportunities to go out increased and inbound demand recovered, cosmetics and OTC medicines performed well, while among daily necessities, laundry detergents in particular saw strong sales. Sales of pet-related products also remained firm.」
Against the backdrop of recovering inbound demand and increased opportunities to go out, demand for cosmetics, OTC medicines, laundry detergents and pet-related products is described as firm. - FY2025-H1RestatedAnnual report
「Cosmetics, laundry detergents and OTC medicines performed well as opportunities to go out increased and inbound demand recovered.」
Strong product demand resulting from the recovery in inbound demand and increased opportunities to go out is described as a continuing market condition from the previous fiscal year. - FY2024ReframedAnnual report
「In the general consumer goods distribution industry, in which our business is primarily involved, cosmetics, skin care products and laundry detergents performed well as opportunities to go out increased and inbound demand recovered. Sales of pet-related products also remained firm. At the same time, deferred purchases due to a stronger focus on saving continued, and conditions remained challenging overall.」
While citing strong performance in specific product categories due to the recovery in inbound demand and increased opportunities to go out, it also notes the challenging conditions across the market caused by a stronger focus on saving and deferred purchases. - FY2024-Q3ReframedAnnual report
「Even under these conditions, certain categories, including skin care, hair care, oral care and OTC medicines, performed well as opportunities to go out and the number of inbound visitors increased. Sales of pet-related products also remained firm as the growing popularity of pets continued.」
Regarding inbound demand, it cites strong performance in skin care, hair care, oral care and OTC medicines against the backdrop of an increase in inbound visitors, while also noting firm sales of pet-related products. - FY2024-Q2RestatedAnnual report
「Sales of sheet masks and facial packs, cold remedies, and cough and phlegm medicines, which also enjoy strong demand from inbound visitors, increased further.」
The trend in the general consumer goods market, including products benefiting from strong demand from inbound visitors, continues to be described. - FY2023ReframedAnnual report
「In the general consumer goods distribution industry, in which our business is primarily involved, cosmetics and laundry detergents grew as opportunities to go out increased, while antipyretic analgesics and other products benefiting from strong demand from inbound visitors also performed well. Although sales of premium products in each category remained firm, higher food and utility prices resulting from rising raw material costs led to weaker consumer sentiment, including deferred purchases and a stronger focus on saving. In addition, the decline in demand for products related to COVID-19 prevention and stay-at-home consumption resulted in continued challenging conditions.」
The explanation has shifted to one that cites strong performance in products related to going out and demand from inbound visitors after restrictions were eased, alongside deferred purchases and a stronger focus on saving due to price increases and weaker demand for infection-control and stay-at-home products. - FY2022-Q3ReframedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, some infection-control products saw a reactionary decline following the special demand of the previous year, but consumers' awareness of hygiene remained high and demand remained firm. Although demand for some cosmetics and OTC drugs remained affected by fewer opportunities to go out and other factors, consumers' lifestyles had changed from the early stages of the COVID-19 pandemic, and the market gradually shifted toward recovery. At the same time, there was special demand for antipyretic analgesics to address side effects of COVID-19 vaccines, while demand for high-function products for comfortable living at home and pet-related products increased as people spent more time at home. Overall demand therefore continued to remain firm.」
While noting the反動 from exceptional demand for infection-control products in the previous year and weaker demand for cosmetics and OTC medicines, it also cites signs of market recovery driven by lifestyle changes and increased demand for antipyretic analgesics, high-function products and pet-related products. - FY2022-Q2RestatedAnnual report
「Although the impact of the loss of inbound demand for some cosmetics and OTC drugs had run its course, demand remained lower due to fewer opportunities to go out and other factors, and sales did not rise substantially above the previous year.」
The company continues to recognize that although the impact of the loss of inbound demand had run its course, lower demand due to fewer opportunities to go out and other factors remained. - FY2022-Q1ReframedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, some infection-control products saw a reactionary decline following the special demand of the previous year. Although the impact of the loss of inbound demand for some cosmetics and OTC drugs had run its course, difficult conditions continued due to fewer opportunities to go out and other factors, and sales did not exceed the previous year by a substantial margin. At the same time, there was special demand for antipyretic analgesics to address side effects of COVID-19 vaccines, while demand for high-function products for comfortable living at home and pet-related products increased as people spent more time at home. Overall demand therefore remained firm.」
The market view has shifted to combine the loss of inbound demand and difficult conditions for some products caused by the COVID-19 pandemic with the reactionary decline after the previous year's special demand, special demand for antipyretic analgesics, and increased demand for high-function and pet-related products. - FY2021RestatedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, the business was affected by a decline in inbound demand caused by the spread of COVID-19 and sluggish personal consumption of some cosmetics and OTC drugs. At the same time, demand for infection-control products such as masks and disinfectant and hygiene products, as well as products associated with stay-at-home consumption, continued to remain firm due to new lifestyles and changes in consumption patterns.」
The company continues to describe a market in which inbound demand and personal consumption of some products declined due to the COVID-19 pandemic, while demand for infection-control and stay-at-home products remained firm. - FY2021-Q2RestatedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, the business was affected by a decline in inbound demand caused by the spread of COVID-19 and sluggish personal consumption of some cosmetics and OTC drugs. At the same time, demand for infection-control products such as masks and disinfectant and hygiene products, as well as products associated with stay-at-home consumption, continued to remain firm due to new lifestyles and changes in consumption patterns.」
The company continues to describe a market in which inbound demand and personal consumption of some products declined, while demand for infection-control and stay-at-home products remained firm. - FY2021-Q1ReframedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, the business was affected by a decline in inbound demand caused by the spread of COVID-19 and sluggish personal consumption of some cosmetics and OTC drugs. At the same time, demand for infection-control products such as masks and disinfectant and hygiene products, as well as products associated with stay-at-home consumption, remained firm due to new lifestyles and changes in consumption patterns.」
The company presents a market view that combines a decline in inbound demand and sluggish personal consumption of cosmetics, OTC drugs and other products with firm demand for infection-control and stay-at-home products driven by new lifestyles. - FY2020ReframedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, the business was affected not only by the consumption tax increase but also by the subsequent loss of inbound demand caused by the spread of COVID-19, sluggish personal consumption due to restrictions on going out, and a sharp increase in demand for infection-control products such as masks and disinfectant and hygiene products. These products were temporarily unavailable in stores as consumers increasingly stocked up.」
The market assessment has been made more specific to include the loss of inbound demand and restrictions on going out caused by COVID-19, as well as the sharp increase in demand for infection-control products and their temporary unavailability in stores. - FY2020-Q3ReframedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, the business was affected not only by the consumption tax increase but also by the subsequent loss of inbound demand and restrictions on domestic consumption resulting from the spread of COVID-19. However, demand for daily necessities, which are essential goods, remained firm, and demand for infection-prevention products rose sharply, so the impact on the industry remained smaller than that on other industries.」
The description has shifted from covering trends in inbound demand and high-value-added products to also addressing the loss of inbound demand and restrictions on consumption caused by the spread of COVID-19, alongside firm demand for daily necessities and infection-prevention products. - FY2020-Q2RestatedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, temporary weakness in demand was seen due to the consumption tax increase. Although the effects of successive natural disasters, a record warm winter and higher labor and logistics costs remained, domestic demand for high-priced, high-value-added products remained resilient.」
The company continues to present a two-sided view, replacing its previous direct reference to inbound demand with the effects of the consumption tax increase, natural disasters, a warm winter and higher costs, while noting that domestic demand for high-priced, high-value-added products remains resilient. - FY2020-Q1ReframedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, there were signs of rush demand ahead of the consumption tax rate increase and a subsequent pullback in purchases. Although the effects of successive record natural disasters and reduced purchases by resellers following tighter regulation under China's E-Commerce Law remained, domestic demand for high-priced, high-value-added products continued to be firm.」
The description has been reorganized from one centered on strong inbound demand into a two-sided view: the effects of natural disasters and reduced purchases by resellers following China's E-Commerce Law remained, while domestic demand for high-priced, high-value-added products remained firm. - FY2019ReframedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, domestic demand for high-priced, high-value-added products remained firm. However, the industry continued to face a difficult environment due to natural disasters, adverse weather, reduced purchases by resellers following tighter regulation under China's E-Commerce Law, which took effect on 1 January 2019, the declining birthrate and aging population, persistently intense competition for in-store sales, changes in consumer purchasing channels including the expansion of online sales, and rising labor and logistics costs.」
While domestic demand for high-priced, high-value-added products remained firm, the company specifies headwinds in the business environment, including natural disasters, adverse weather and reduced purchases by resellers following tighter regulation under China's E-Commerce Law, including in the inbound-related market. - FY2019-Q1ReframedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, the number of foreign visitors to Japan temporarily declined due to the impact of natural disasters, but inbound demand, meaning demand from foreign tourists visiting Japan, and domestic demand for high-priced, high-value-added products remained strong.」
The company maintains its previous view that inbound demand remains strong, while adding the temporary decline in the number of foreign visitors to Japan caused by natural disasters. - FY2018RestatedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, inbound demand, meaning demand from foreign tourists visiting Japan, and domestic demand for high-priced, high-value-added products remained strong.」
The company continues to recognize a business environment in which inbound demand and domestic demand for high-priced, high-value-added products remain strong. - FY2018-Q3RestatedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, inbound demand, meaning demand from foreign tourists visiting Japan, and domestic demand for high-priced, high-value-added products remained strong.」
The company explains that inbound demand and domestic demand for high-priced, high-value-added products remained strong. - FY2018-Q2RestatedAnnual report
「In the general consumer goods distribution industry, in which the company's business is primarily engaged, inbound demand, meaning demand from foreign tourists visiting Japan, and domestic demand for high-priced, high-value-added products remained strong.」
The company explains that inbound demand and domestic demand for high-priced, high-value-added products remained strong. - FY2018-Q1RestatedAnnual report
「The general consumer goods distribution industry continued to face a difficult environment due to the declining birthrate and aging population, persistently intense competition for in-store sales, changes in consumer purchasing channels including the expansion of online sales, and rising labor and logistics costs. At the same time, inbound demand, meaning demand from foreign tourists visiting Japan, and domestic demand for high-priced, high-value-added products remained strong.」
The company explains that inbound demand and domestic demand for high-priced, high-value-added products remained strong. - FY2017AdvancedAnnual report
「The number of visitors to Japan continued to grow at a double-digit rate year on year, while repeat visitors accounted for more than half of all visitors, supporting domestic consumption of daily necessities and cosmetics driven by inbound demand.」
The company cites the number of visitors to Japan growing at a double-digit rate year on year and repeat visitors accounting for more than half of all visitors, explaining that inbound demand supported domestic consumption of daily necessities and cosmetics. - FY2017-Q2RestatedAnnual report
「The domestic market showed signs of a recovery in personal consumption. The general consumer goods distribution industry, the company's main target market, remained strong, particularly in daily necessities, cosmetics and OTC drugs, as inbound consumption, meaning spending by foreign tourists visiting Japan, continued and domestic demand shifted toward mid- and high-priced products.」
The company explains that the target market remained strong, supported by continued inbound consumption and a shift in domestic demand toward mid- and high-priced products. - FY2017-Q1RestatedAnnual report
「Although prices remained sluggish in the domestic market amid weak consumption, the general consumer goods distribution industry, the company's main target market, remained strong, particularly in daily necessities, cosmetics and OTC drugs. This reflected a shift in inbound consumption, meaning spending by foreign tourists visiting Japan, from luxury and high-priced goods to daily necessities and other products, as well as a shift in domestic demand toward mid- and high-priced products.」
Although inbound consumption shifted from luxury and high-priced goods to daily necessities and other products, the company explains that its target market remained strong. - FY2016Strong first half, pause in the second halfAnnual report
「In the first half of the fiscal year, there were signs that inbound consumption, meaning spending by foreign tourists visiting Japan, was revitalizing the market. In the second half, so-called "bakugai" mass shopping eased amid the slowdown in the Chinese economy and exchange-rate volatility, although demand for daily necessities and cosmetics, OTC drugs and other products remained strong.」
The company describes a change over the course of the year: market revitalization driven by inbound consumption continued, while mass shopping eased in the second half. - FY2016-Q3First statedAnnual report
「Although intense competition for in-store sales continued, there were still signs that inbound consumption, meaning spending by foreign tourists, was revitalizing the market.」
The business environment in the general consumer goods distribution market is described as showing signs that spending by foreign tourists was contributing to market revitalization.