Temporary earnings boost from front-loaded demand ahead of the consumption tax increase
First written in FY2020-Q2. 1 of 3 entries say "Restated". Latest entry: FY2020.
0 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「In the Total Pack Produce business, unusually large projects were recognized as revenue in the first half, while the business was affected, particularly in manufacturer-related operations, by rush demand ahead of the consumption tax increase and the subsequent decline in demand.」
Rush demand ahead of the consumption tax increase and the subsequent decline were confirmed on an annual basis as actual performance factors, particularly in manufacturer-related operations. - FY2020-Q3Rush demand and the subsequent decline became apparentAnnual report
「Against this economic backdrop, our group was affected by last-minute demand ahead of the consumption tax increase implemented in October last year and the subsequent reactionary decline. However, performance remained firm as project work was recognized steadily and the Medical Supply business worked to secure new projects, among other factors.」
The Company explained that not only rush demand ahead of the consumption tax increase but also the subsequent decline in demand had an actual impact on performance. - FY2020-Q2First statedAnnual report
「Under these economic conditions, some projects in the Total Pack Produce business were recognized earlier than scheduled, and rush demand ahead of the consumption tax increase arose in the Total Pack Produce and Medical Supply businesses. In addition, efforts to open new dispensing pharmacies and improve operating efficiency in the dispensing pharmacy business resulted in performance exceeding the initial forecast.」
Rush demand ahead of the consumption tax increase arose in the Total Pack Produce and Medical Supply businesses and, together with the earlier recognition of project revenue and measures in the dispensing pharmacy business, was cited as a factor behind performance exceeding the initial forecast.