Impact of the consumption tax rate increase on domestic consumption
First written in FY2020-Q1. 2 of 4 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2020.
Kitabo 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 2026: 4 of 7 companies on the "Worse" side.
31 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「The Company has suffered significant damage and is in a tense situation because of the US–China trade friction, the implementation of the domestic consumption tax increase and the global spread of the novel coronavirus disease originating in China.」
The Company explained that the impact of the consumption tax increase on domestic consumption and business conditions actually occurred. - FY2020-Q3MaterialisedAnnual report
「In the third quarter, the Japanese economy was affected by a slowdown in overseas economies overall, particularly China, while the domestic economy was also hit by a decline in consumption following the consumption tax increase, and signs of economic weakness began to emerge across many industries.」
The Company explained that the decline in consumption and weakening business conditions across many industries actually occurred after the consumption tax rate increase. - FY2020-Q2SoftenedAnnual report
「Although the consumption tax increase will take effect in October, measures such as the introduction of reduced tax rates and free education and childcare are expected to ease the increase in the burden on households and make it possible to avoid a sharp decline in consumption.」
Although the consumption tax rate increase is planned, the Company indicated that measures such as reduced tax rates are expected to mitigate the impact on household burdens and the decline in consumption. - FY2020-Q1First statedAnnual report
「The increase in the consumption tax rate scheduled to take effect in October this year could have a major impact on domestic consumption, and conditions are expected to become challenging going forward.」
The Company identified the potential for the consumption tax rate increase scheduled to take effect in October this year to have a major impact on domestic consumption as a new external risk factor.