Risk of an Impact on Capital and High-Net-Worth Consumer Spending from a Stock Market Decline
First written in FY2018. 3 of 4 entries say "Worsened", first in FY2019. Latest entry: FY2022.
J.Front Retailing moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Worsened".
- FY2022WorsenedAnnual report
「This depreciation of the yen is accelerating inflation and steadily dampening consumer sentiment. If global equity prices decline further, Japanese share prices will follow, leading to an even greater stagnation in consumption and having a significant impact on the performance of our Group.」
Regarding equity-market volatility risk, it linked the possibility that a global decline in equity prices could affect performance through domestic share prices and stagnant consumption to yen depreciation and rising prices. - FY2020WorsenedAnnual report
「In addition to the prolonged US-China trade war, the novel coronavirus disease has dealt a severe blow to the global economy. Against this backdrop of an uncertain outlook, equity markets have been highly volatile.」
Regarding equity-market volatility risk, it cited highly volatile markets against the backdrop of the novel coronavirus disease and other factors, and the impact on customer spending, equity holdings and pension assets. - FY2019WorsenedAnnual report
「Signs of an economic slowdown have emerged due to political instability in the EU, U.S.-China trade friction, and other factors, and the risk related to stock-market fluctuations is considered to have increased somewhat in the medium term.」
The company indicated that the medium-term risk from stock-market fluctuations had increased somewhat against the backdrop of signs of an economic slowdown. - FY2018First statedAnnual report
「Our group holds shares in domestic companies and others as part of its financial assets, and a decline in the value of these shares, such as from falling stock prices, could reduce the portion attributable to owners of the parent. It could also reduce the assets of affluent customers, who are the core of our client-facing sales business, potentially decreasing sales related to that business.」
The company identified declines in the value of its shareholdings and the impact on sales to affluent customers through declines in their assets as new corporate risks.