Demand for High-Priced Products Ahead of the Consumption Tax Increase
First written in FY2020-Q1. 4 of 10 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 2 of 19 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「Although exterior and renovation products that had been avoided in the previous fiscal year performed well, the home electronics division as a whole remained sluggish, partly because demand declined following the previous fiscal year's special fixed cash payments.」
While high-ticket exterior and renovation products that had been sluggish in the previous fiscal year turned to strong performance, the decline in demand following the special fixed cash payments continued. - FY2022-Q2RestatedAnnual report
「Although products related to ventilation measures, as well as exterior and renovation products that had been avoided in the previous fiscal year, performed well, the home electronics division as a whole remained sluggish, partly because demand declined following the previous fiscal year's special fixed cash payments.」
The recovery in sales of exterior and renovation products that had been avoided in the previous fiscal year was reconfirmed. - FY2022-Q1Recovery in sales of high-ticket productsAnnual report
「Exterior and renovation products, which had been avoided in the previous fiscal year, performed well.」
High-ticket exterior and renovation products, which had been sluggish in the previous fiscal year, turned to strong performance. This disclosure does not explicitly identify demand recovery before and after the consumption tax increase as a factor. - FY2021SoftenedAnnual report
「Meanwhile, the remodeling-related businesses performed poorly.」
Although weak performance in the remodeling-related businesses was described, the previous factors of front-loaded demand ahead of the consumption tax increase and the subsequent demand reversal were no longer explicitly stated. - FY2021-Q3RestatedAnnual report
「Meanwhile, the construction and remodeling-related businesses performed poorly due to the demand reversal following the consumption tax increase and the spread of COVID-19.」
Described the continued weak performance of the construction and remodeling-related businesses due to the post-tax-increase demand reversal and the spread of COVID-19. - FY2021-Q2Weak performance due to the post-tax-increase demand reversal and the impact of the pandemicAnnual report
「Meanwhile, the construction and remodeling-related businesses performed poorly due to the demand reversal following the consumption tax increase and the spread of COVID-19.」
In addition to the post-tax-increase demand reversal, described the impact of the spread of COVID-19 as another factor behind weak performance in the construction and remodeling-related businesses. - FY2021-Q1RestatedAnnual report
「The construction and remodeling-related businesses have been affected by a demand reversal following the consumption tax increase.」
Described the continued occurrence of a post-tax-increase demand reversal in the construction and remodeling-related businesses. - FY2020-Q3Post-tax-increase demand reversal emergedAnnual report
「There was front-loaded demand for high-priced products such as home appliances and remodeling services, as well as daily necessities and consumables, ahead of the consumption tax increase, but a demand reversal was seen after the increase, mainly for daily necessities and consumables.」
In addition to front-loaded demand for high-priced products and daily necessities and consumables ahead of the consumption tax increase, an actual demand reversal emerged after the increase, mainly for daily necessities and consumables. - FY2020-Q2Front-loaded demand emerged ahead of the consumption tax increaseAnnual report
「Meanwhile, high-priced products such as remodeling services performed well due to front-loaded demand ahead of the consumption tax increase.」
Moved from describing demand anticipated ahead of the previous tax increase to describing actual front-loaded demand ahead of the consumption tax increase, which contributed to strong sales of high-priced products such as remodeling services. - FY2020-Q1First statedAnnual report
「Meanwhile, sales of high-priced products such as exterior products and remodeling services performed well due to demand ahead of the consumption tax increase scheduled for October 2019.」
For the first time, described strong sales of high-priced products such as exterior products and remodeling services, driven by demand ahead of the consumption tax increase scheduled for October 2019.