Impact of Consumption Tax Increase on Domestic Economic Conditions
First written in FY2020-Q1. 1 of 3 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2020-Q3.
Macnica Holdings moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2020-Q3MaterialisedAnnual report
「The outlook for the economy remains uncertain, as personal consumption has declined partly because of a drop in demand following the rush to purchase before the consumption tax increase.」
It is stated that the decline in demand following the consumption tax increase actually emerged as a decrease in personal consumption. - FY2020-Q2WorsenedAnnual report
「However, the outlook for the economy remains uncertain, due to factors including escalating US-China trade friction and the decline in demand following the consumption tax increase.」
The decline in demand following the consumption tax increase is presented more specifically as a factor contributing to uncertainty over the outlook for the domestic economy. This does not state that such a decline actually occurred during the quarter. - FY2020-Q1First statedAnnual report
「In Japan, the outlook for the economy also remains uncertain, partly due to the impact of the consumption tax increase in October.」
The October 2019 consumption tax increase was independently identified for the first time as a factor contributing to uncertainty over the outlook for the domestic economy.