Consumer Spending Restraint and Demand Suppression Following Product Price Increases
First written in FY2023-Q1. 4 of 11 entries say "Materialised", first in FY2023-Q2. Latest entry: 2026-08-12.
Kibun Foods moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 9 of 14 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- 2026-08-12RestatedEarnings
「Economic trends resulting from the trade and monetary policies of various countries are also affecting consumer sentiment, and consumers continue to show a strong preference for economizing.」
The company stated that consumers in overseas markets continue to favor economizing amid the trade and monetary policies of various countries. - FY2026-H1RestatedAnnual report
「At the same time, concerns remained about the impact of U.S. trade policy and a deterioration in consumer sentiment resulting from rising prices, and uncertainty about the outlook continued.」
Concerns about a deterioration in consumer sentiment due to rising prices continue. In the overseas food business, frugality caused by inflation in various countries became a factor behind declining sales. - FY2025-H1MaterialisedAnnual report
「During the interim consolidated accounting period, domestic economic activity maintained a moderate recovery trend, but personal consumption remained weak as consumers adopted frugal habits to protect household finances amid rising prices for various goods, and uncertainty about the outlook continued.」
Frugality against a backdrop of rising prices and weak personal consumption continued to characterize the operating environment during the interim period. - FY2024RestatedAnnual report
「At the same time, consumers continue to be frugal with everyday goods to protect household finances from rising prices, and the outlook remains uncertain.」
It reconfirms that frugality due to rising prices continues alongside the recovery in economic activity. Overseas, the impact on performance is also evident in a shift in purchasing toward lower-priced products. - FY2024-Q3MaterialisedAnnual report
「At the same time, consumers continue to be frugal with everyday goods to protect household finances from rising prices, while real wage growth has not yet reached a level that would support the market, and uncertainty about the outlook continues across the market as a whole.」
Consumer frugality continues against a backdrop of rising prices. In the overseas food business, the actual impact on performance is also evident in a shift in purchasing toward lower-priced products and declining sales of core products. - FY2024-Q2WorsenedAnnual report
「During the cumulative consolidated second quarter, the economy showed a moderate recovery trend as the lifting of activity restrictions increased pedestrian traffic and inbound demand returned. However, the outlook remained uncertain as rising prices increased consumer frugality. In the overseas food business, sales in Thailand were on a recovery trend due to strengthened sales activities, but in other Asian markets, China and the United States, consumers increasingly prioritized essential goods and became more frugal because of inflation concerns and expectations of deteriorating economic conditions ahead.」
The rise in consumer frugality due to higher prices was confirmed both domestically and overseas, and in the overseas food business appeared as lower sales of core products, lower revenue and lower earnings. - FY2024-Q1RestatedAnnual report
「During the cumulative consolidated first quarter, economic activity recovered, but the outlook remained uncertain as various prices, labor costs and logistics costs continued to rise and consumer behavior changed as inflation progressed.」
While economic activity is recovering, increases in prices, labor costs and logistics costs and changes in consumer behavior due to inflation continue, and factors restraining demand remain a concern. - FY2023WorsenedAnnual report
「Overall downward pressure on consumption, such as the continued preference for low-priced products, remains unavoidable. In addition, consumer frugality is expected to intensify further because of recent food price increases and weak wage income.」
The outlook indicates that consumers' preference for low-priced products and frugality will intensify further, increasing the risk of demand restraint due to price increases. - FY2023-Q3MaterialisedAnnual report
「Prices for various goods and services continue to rise as a result of surging raw material and energy prices, while household consumption remains sluggish and the path to a full economic recovery continues to be uncertain.」
It states that price increases caused by surging raw material and energy prices are continuing and that sluggish household consumption is an actual condition. - FY2023-Q2MaterialisedAnnual report
「Declining purchasing activity resulting from various price increases has emerged as a risk.」
The decline in purchasing activity resulting from price increases is described as a risk that has become apparent, rather than merely a possibility. - FY2023-Q1First statedAnnual report
「Consumer awareness of the need to protect household finances remains high due to price increases for various products and measures addressing COVID-19, resulting in a challenging operating environment.」
It identifies high consumer awareness of the need to protect household finances against a backdrop of product price increases and other factors as one reason for the challenging operating environment in the food industry.