Stalling Personal Consumption
First written in FY2019-Q1. 8 of 16 entries say "Restated". Latest entry: FY2025-H1.
Yutaka Foods moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 57 of 73 companies on the "Worse" side.
6 other companies' latest entry also says "Reframed".
- FY2025-H1ReframedAnnual report
「Stagnant consumer appetite caused by prolonged high prices」
The description changed from the continued defensive consumer sentiment and preference for low-priced products previously cited to a direct reference to stagnant consumer appetite caused by prolonged high prices. - FY2024ReframedAnnual report
「Although consumers' purchasing behavior returned as economic activity normalized, defensive consumer sentiment strengthened further against a backdrop of soaring prices and a preference for low-priced products continued.」
The stated view changed to one that purchasing behavior had returned as the economy normalized, while defensive consumer sentiment and a preference for low-priced products continued against a backdrop of soaring prices. - FY2024-Q2RestatedAnnual report
「In the food industry, consumer purchasing behavior is gradually returning to pre-pandemic levels as the impact of COVID-19 has eased, but declining consumer willingness to spend due to continuing price increases, further interest in food safety and security, and the expected continuation of elevated raw material prices and fuel costs mean that difficult operating conditions are expected to continue.」
The view that purchasing behavior is returning to pre-pandemic conditions while weaker consumer appetite caused by rising prices continues is stated, as in the previous quarter. - FY2023ReframedAnnual report
「While consumers' purchasing behavior began returning to pre-pandemic conditions, defensive consumer sentiment strengthened further and a preference for low-priced products continued against a backdrop of a deteriorating income environment caused by declining corporate earnings and inflation resulting from soaring prices.」
The description changed from declining demand and changes in purchasing behavior associated with infectious diseases to a recovery in purchasing behavior and stronger defensive consumer sentiment amid a deteriorating income environment and inflation. - FY2023-Q3RestatedAnnual report
「As society sought to balance COVID-19 containment with economic activity, consumer demand declined and purchasing behavior changed,」
The decline in consumer demand and changes in purchasing behavior associated with the spread of COVID-19 continue to be stated. - FY2023-Q2RestatedAnnual report
「As COVID-19 spread, consumer demand declined and purchasing behavior changed,」
The decline in consumer demand and changes in purchasing behavior associated with the spread of COVID-19 continue to be stated. - FY2022-Q3ReframedAnnual report
「As COVID-19 spread, consumer demand declined and purchasing behavior changed,」
The description shifted from a rapid decline in personal consumption to broader changes in the demand environment, namely declining consumer demand and changes in purchasing behavior. - FY2021-Q2RestatedAnnual report
「The global spread of COVID-19 caused a rapid decline in personal consumption,」
The rapid decline in personal consumption caused by COVID-19 continues to be stated. - FY2021-Q1WorsenedAnnual report
「The spread of COVID-19 caused a rapid decline in personal consumption,」
The description changed from stagnating personal consumption and a tendency toward thrift to a rapid decline caused by the spread of infectious diseases. - FY2020ReframedAnnual report
「Demand for business-use products, including those mainly for restaurants, is expected to decline because of requests to refrain from going out domestically, restrictions on entry from overseas and the cancellation of large-scale events.」
The description changed from stagnating personal consumption to a specific change in demand, namely declining demand for business-use products as a result of requests to refrain from going out, entry restrictions and event cancellations associated with infectious diseases. - FY2020-Q3RestatedAnnual report
「Personal consumption showed a strong tendency toward thrift,」
The view that consumers have a strong tendency toward thrift continues to be stated, as in the previous quarter. - FY2020-Q2RestatedAnnual report
「Personal consumption showed a strong tendency toward thrift,」
The view that consumers have a strong tendency toward thrift continues to be stated, as in the previous quarter. - FY2020-Q1ReframedAnnual report
「Personal consumption showed a strong tendency toward thrift,」
The description changed from the previous reference to stagnating personal consumption to a description of consumer behavior showing a strong tendency toward thrift. - FY2019-Q3RestatedAnnual report
「While the employment and income environment continued to improve, personal consumption showed signs of stagnation, but the economy generally continued on a moderate recovery trend.」
The view that personal consumption is stagnating continues. - FY2019-Q2RestatedAnnual report
「Personal consumption showed signs of stagnation, but the economy generally continued on a moderate recovery trend.」
The view that personal consumption is stagnating continues. - FY2019-Q1First statedAnnual report
「Personal consumption showed signs of stagnation, but the economy generally continued to recover moderately.」
This is the first time that the view that personal consumption was stagnating has been stated regarding the domestic economy.