A Challenging Retail Demand Environment Due to Consumers’ Focus on Saving
First written in FY2019-Q1. 7 of 18 entries say "Restated". Latest entry: 2026-10-09.
Shirohato moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2027-H1RestatedAnnual report
「Consumers’ inclination to economize remained deeply entrenched, and personal consumption did not reach a full-fledged recovery.」
The company reaffirmed its view that consumers remained strongly inclined to economize and that personal consumption had yet to achieve a full-fledged recovery. - 2026-04-10RestatedEarnings
「Consumers’ inclination to economize due to prolonged price increases remained deeply entrenched, and personal consumption did not reach a full-fledged recovery.」
Consumers’ inclination to economize amid rising prices and the delayed recovery in personal consumption were reconfirmed. - FY2026-H1WorsenedAnnual report
「Stagnating real wage growth continues to suppress personal consumption and slow the pace of recovery.」
In addition to consumers’ cost-consciousness, stagnating real wage growth was described as a demand-side factor suppressing personal consumption. - FY2025WorsenedAnnual report
「During the fiscal year, Japan’s economy showed a gradual recovery, supported by improvements in employment and income conditions. However, consumers’ focus on protecting their household finances remained strong against a backdrop of prolonged price increases and stagnant real wage growth, and personal consumption showed signs of stagnation in its recovery.」
It was stated that, against a backdrop of rising prices and stagnant real wage growth, consumers remained highly focused on protecting their standard of living, causing the recovery in personal consumption to stall. - FY2025SoftenedAnnual report
「Although visits and purchases at domestic online malls remained below the previous year, sales recovered to 98.5% of the previous fiscal year, an improvement of 5.4 percentage points from the cumulative third-quarter period, as demand for seasonal products increased in the fourth quarter, which saw the particularly severe cold typical of winter.」
Although visits and purchases at domestic online malls continued to fall below the previous year, sales improved by 5.4 percentage points from the cumulative third-quarter period due to winter demand, indicating signs of recovery from the deterioration in the demand environment. - FY2025-H1WorsenedAnnual report
「During the interim accounting period, Japan’s economy showed a gradual recovery driven by measures aimed at increasing incomes and growing inbound consumption, while the outlook remained uncertain, with rising prices and the trend toward yen depreciation restraining consumer sentiment.」
Rising prices and the continuing depreciation of the yen were explicitly identified as demand-side factors suppressing consumer spending, indicating that the difficult consumption environment continues. - FY2025-Q1WorsenedAnnual report
「Although the company pursued various measures, including advertising and coupons, domestic sales fell to 87.1% of the previous-year period, purchases to 87.5% and visits to 90.7%, because it restrained the discount rates on some core national-brand products.」
Domestic sales, purchases and visits fell below the previous-year period, mainly because the discount rates on some core national-brand products were restrained. - FY2024-Q3SoftenedAnnual report
「Visits, at 117.6% of the previous-year period, and average spend per customer, at 107.6%, increased, while the number of purchases fell to 91.9%. However, purchases during the third quarter increased to 103.0% of the previous-year third quarter, indicating a recovery trend.」
Although purchases during the cumulative third-quarter period fell to 91.9% of the previous-year period, they reached 103.0% of the previous-year period during the quarter, indicating a recovery trend in purchases. - FY2024-Q2WorsenedAnnual report
「Although visits, at 108.6% of the previous-year period, and average spend per customer, at 108.7%, increased, the number of purchases fell to 86.8%, and the increases in visits and average spend per customer were insufficient to cover the decline in purchases.」
While visits and average spend per customer increased, the number of purchases fell to 86.8% of the previous-year period, with weak consumer demand reflected in domestic sales results. - FY2024-Q1WorsenedAnnual report
「The number of purchases fell to 85.9% of the previous-year period, affected by the easing of stay-at-home demand and price increases for electricity, gas and various daily necessities, although」
The number of purchases fell to 85.9% of the previous-year period due to the easing of stay-at-home demand and price increases for daily necessities, demonstrating the severity of the consumer demand environment in the results. - FY2020RestatedAnnual report
「The e-commerce retail industry continued to face a difficult environment, including consumers’ cost-consciousness and diversifying values, higher shipping rates imposed by the delivery industry, consumption tax increases, intensifying competition among companies across business formats, natural disasters such as torrential rains and typhoons, and unexpected climate change.」
The company reconfirmed the difficult business environment caused by consumers’ cost-consciousness, diversifying values, consumption tax increases, intensifying competition and natural disasters, among other factors. - FY2020-Q3WorsenedAnnual report
「Although there was temporary rush demand ahead of the consumption tax rate increase, growth was weak. In addition, purchasing restraint caused by the subsequent decline in demand and heightened consumer cost-consciousness, together with the impact of natural disasters such as typhoons and torrential rains, contributed to the continued difficult environment.」
Consumers’ cost-consciousness was described not only as a continuing demand-side factor but also as heightened purchasing restraint, and the difficult sales environment continued. - FY2019RestatedAnnual report
「The e-commerce retail industry continued to face a difficult environment, including the need to respond to consumers’ cost-consciousness and diversifying values, higher shipping rates imposed by the delivery industry, and intensifying competition among companies across business formats.」
Consumers’ cost-consciousness and diversifying values continue to be described as environmental factors affecting the retail business. - FY2019-Q3RestatedAnnual report
「In the e-commerce retail industry in which the company operates, responding to consumers’ cost-consciousness and diversifying values.」
The company reconfirmed the retail environment in which it needs to respond not only to consumers’ cost-consciousness but also to diversifying values. - FY2019-Q1First statedAnnual report
「In the retail industry, consumers’ cost-consciousness remains strong.」
Consumers’ cost-consciousness was described for the first time as a demand-side risk contributing to the difficult operating environment in the retail industry.