Dampened Purchasing Appetite Due to Increase in Consumption Tax Rate
First written in FY2016. 7 of 11 entries say "Restated". Latest entry: FY2020.
Ki-Star Real Estate moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Reframed".
- FY2020ReframedAnnual report
「If the consumption tax rate and local consumption tax rate are increased from the current 10%, our group’s products may affect the purchasing behavior of general consumers because they are housing and therefore high-priced,」
The disclosure has shifted from the risk of an increase from 8% to 10% to the risk of a further increase from the current 10%. - FY2020-Q2RestatedAnnual report
「Although the housing industry in which our group operates continues to benefit from factors supporting housing purchases, including improvements in the income environment, ongoing preferential tax treatment for home purchases and low-interest-rate housing loans, uncertainty about the outlook remains due to the deterioration in the industry’s image caused by the consumption tax increase and illegal construction issues.」
The company continues to describe uncertainty about the outlook for the housing industry, including concerns about the impact of the consumption tax increase on the purchasing environment. - FY2019WorsenedAnnual report
「It has been decided that the consumption tax rate will change from the current 8% to 10% on 1 October 2019.」
The consumption tax rate increase has changed from an expectation to a confirmed measure, and a specific implementation date has been provided. - FY2018RestatedAnnual report
「The consumption tax rate is expected to change from the current 8% to 10%. Because our group’s products are housing and therefore high-priced, they may affect the purchasing behavior of general consumers. If the decline in general consumers’ purchase intent caused by a consumption tax rate increase becomes prolonged, it could affect our group’s business performance and financial position.」
The risk of declining purchase intent due to a consumption tax rate increase continues to be disclosed. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of declining purchase intent due to a consumption tax rate increase. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of declining purchase intent due to a consumption tax rate increase. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risk of declining purchase intent due to a consumption tax rate increase. - FY2017-Q3RestatedAnnual report
「The consumption tax rate is expected to change from the current 8% to 10%. Because our products are housing and therefore high-priced, they may affect the purchasing behavior of general consumers. If the decline in general consumers’ purchase intent caused by a consumption tax rate increase becomes prolonged, it could affect our business performance and financial position.」
The risk of a prolonged decline in purchase intent following the consumption tax rate increase continues to be disclosed without change. - FY2017-Q2WorsenedAnnual report
「Because our products are housing and therefore high-priced, they may affect the purchasing behavior of general consumers. If the decline in general consumers’ purchase intent caused by a consumption tax rate increase becomes prolonged, it could affect our business performance and financial position.」
The company explicitly stated the possibility that declining purchase intent due to the consumption tax rate increase could be prolonged. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risk of declining purchase intent due to a consumption tax rate increase. - FY2016First statedAnnual report
「The bill relating to the fiscal 2015 tax reforms has been enacted, and the consumption tax rate is expected to change from the current 8% to 10%.」
Because the company sells high-priced housing products, it describes the possibility that a tax rate increase could affect the purchasing behavior and purchase intent of general consumers.