Risks relating to consumption tax increases and the reduced tax rate
First written in FY2017. 3 of 7 entries say "Restated". Latest entry: FY2025.
2 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If the consumption tax rate is increased in the future, the impact on personal consumption of food and other products is expected. In addition, the costs of responding to the new system and other factors may affect the company’s business results and financial condition.」
The risk of an impact on personal consumption and compliance costs from a reapplication of an increased consumption tax rate continued to be disclosed. - FY2024SoftenedAnnual report
「If the consumption tax rate is increased in the future, the impact on personal consumption of food and other products is expected. In addition, the costs of responding to the new system and other factors may affect the company’s business results and financial condition.」
The wording changed from “if applied again” to the more general expression of a future risk, “if applied.” - FY2022RestatedAnnual report
「If the consumption tax rate is increased again in the future, the impact on personal consumption of food and other products is expected. In addition, the costs of responding to the new system and other factors may affect the company’s business results and financial condition.」
The risk of an impact on personal consumption and compliance costs from a reapplication of an increased consumption tax rate continued to be disclosed. - FY2020SoftenedAnnual report
「If the consumption tax rate is increased again in the future, the impact on personal consumption of food and other products is expected. In addition, the costs of responding to the new system and other factors may affect the company’s business results and financial condition.」
The wording changed from assuming an initial application of a consumption tax rate increase and the reduced tax rate to expressing a future risk if they are applied again. - FY2020-Q3MaterialisedAnnual report
「In the third quarter under review, the operating profit margin on net sales declined compared with the same quarter of the previous year. This was mainly because selling, general and administrative expenses, including costs incurred in response to the consumption tax rate change, increased by more than operating gross profit.」
It was disclosed that costs incurred in response to the consumption tax rate change were included in selling, general and administrative expenses and had actually been incurred. - FY2018RestatedAnnual report
「If the consumption tax rate is increased or a reduced tax rate is applied in the future, the impact on personal consumption of food and other products is expected. In addition, the costs of responding to the new system and other factors may affect the company’s business results and financial condition.」
The risk of an impact on personal consumption and compliance costs from an increase in the consumption tax rate and responses to the reduced tax rate continued to be disclosed. - FY2017First statedAnnual report
「If the consumption tax rate is increased or a reduced tax rate is applied in the future, the impact on personal consumption of food and other products is expected. In addition, the costs of responding to the new system and other factors may affect the company’s business results and financial condition.」
The possibility that an increase in the consumption tax rate and application of the reduced tax rate will affect personal consumption and system-compliance costs was disclosed.