Reversal of Front-Loaded Demand Following the Consumption Tax Increase
First written in FY2020-Q3. 1 of 3 entries say "Mitigated", first in FY2020. Latest entry: FY2023.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
32 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportThe specific event of a reaction to front-loaded demand ahead of the October 2019 consumption tax rate increase is not described in this filing. However, trends in consumption tax increases are cited as a general macroeconomic factor in the Business and Other Risks section.
- FY2020MitigatedAnnual report
「The consumption tax rate was raised to 10% on 1 October 2019, prompting changes in consumer trends in various industries, not only real estate. However, the front-loaded demand ahead of the tax increase and the subsequent reaction were less pronounced than at the time of the previous increase, and the company's business environment remained relatively stable.」
The increase in the tax rate to 10% and the subsequent reaction to front-loaded demand did occur, but the impact was described as relatively moderate because it was less significant than at the time of the previous tax increase. - FY2020-Q3First statedAnnual report
「There was also a reaction to front-loaded demand ahead of the consumption tax increase to 10% in October 2019, as well as a deterioration in business sentiment.」
The disclosure identified the October 2019 tax-rate increase to 10% and its impact on the sales environment for the sumuzu business as an actual factor during the period.