Decline in Beer Sales Due to Amendment to the Liquor Tax Act
First written in FY2018-Q1. 5 of 7 entries say "Restated". Latest entry: FY2022-Q1.
The whole theme swung hardest in 2018: 3 of 8 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2022-Q1RestatedAnnual report
「In addition, alcohol sales declined following a decrease from the previous year's surge in demand ahead of the Liquor Tax Act revision in October.」
The decline in alcohol sales following the reversal of the previous year's surge in demand ahead of the Liquor Tax Act revision was also reported for the quarter. - FY2019-Q3RestatedAnnual report
「Sales of daily goods declined due to a year-on-year decline in insulated bottle sales following exceptional demand in the previous year. Alcohol sales also declined significantly due to tighter restrictions on discounting. As a result, revenue decreased by ¥694 million from the same quarter of the previous year to ¥38.363 billion, down 1.8% year on year.」
The decline in alcohol sales due to tighter restrictions on discounting continues to be cited as a factor affecting performance. - FY2019-Q2RestatedAnnual report
「Sales of daily goods declined due to a year-on-year decline in sales of insulated bottles following exceptional demand, while sales of daily consumables declined due to lower sales of detergents and paper diapers following exceptional demand in the previous year. Sales of beer and beer-like beverages also declined due to tighter restrictions on discounting. As a result, revenue decreased by ¥635 million from the same quarter of the previous year to ¥26.310 billion, down 2.4% year on year.」
Tighter restrictions on discounting continue to be cited as a factor behind the decline in beer and beer-like beverage sales, following the previous quarter. - FY2019-Q1ReframedAnnual report
「During the quarter, sales of beer and beer-like beverages declined due to changes in demand, in addition to tighter restrictions on discounting, while sales of daily consumables were affected by weak insecticide sales and a year-on-year decline following exceptional demand for diaper-related products in the previous year.」
The explanation for the decline in beer and beer-like beverage sales has shifted from directly citing the impact of the Liquor Tax Act revision to citing changes in demand and tighter restrictions on discounting. - FY2018-Q3RestatedAnnual report
「Since the Liquor Tax Act revision in June 2017, alcohol sales, particularly whisky, have tended to expand, but not enough to offset the decline in beer sales.」
The decline in sales of beer and beer-like beverages following the Liquor Tax Act revision continues to be a factor behind lower revenue in the alcohol segment. - FY2018-Q2RestatedAnnual report
「Following the Liquor Tax Act revision in June 2017, sales of beer and beer-like beverages declined, although alcohol sales expanded, mainly in shochu and whisky,」
The decline in sales of beer and beer-like beverages due to the Liquor Tax Act revision continued to be reported during the quarter. - FY2018-Q1MaterialisedAnnual report
「Following the revision of the Liquor Tax Act on 1 June 2017, beer sales declined after prices were raised,」
The beer price increase and decline in sales following the Liquor Tax Act revision were reflected in sales performance for the quarter.