Decline in consumer sentiment due to consumer thriftiness
First written in FY2017-Q3. 17 of 21 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 7 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim accounting period, economic activity in Japan was gradually normalizing, supported by improvements in employment and income conditions and an increase in visitors to Japan. Meanwhile, the outlook remained difficult to predict due to inflation resulting from worsening conditions in Ukraine and Israel-Palestine and concerns about a slowdown in the global economy due to US monetary policy.」
It describes the normalization of economic activity driven by improvements in employment and income conditions and an increase in visitors to Japan, while stating that the outlook remains uncertain due to inflation and concerns about a slowdown in the global economy. - FY2025-H1RestatedAnnual report
「Although personal consumption is recovering, the outlook remains uncertain due to the prolonged Russia-Ukraine conflict, global inflation accompanying worsening conditions in the Middle East, and the depreciation of the yen.」
It continues to state that, although personal consumption is recovering, the outlook remains uncertain due to inflation, the depreciation of the yen and other factors. - FY2025-Q1MitigatedAnnual report
「Although personal consumption is recovering, the outlook remains uncertain due to the prolonged Russia-Ukraine conflict, global inflation accompanying worsening conditions in the Middle East, and the depreciation of the yen.」
It states that personal consumption is recovering, indicating that the previous risk of declining consumer sentiment is easing. Meanwhile, uncertainty about the outlook due to inflation and the depreciation of the yen remains. - FY2022RestatedAnnual report
「The retail industry, including department stores and other sectors that are major related industries for our group, continues to face a challenging operating environment due to the effects of requests to refrain from going out, closures of commercial facilities and shortened operating hours accompanying the renewed spread of COVID-19.」
It reiterates that the retail industry continues to face a challenging environment due to the renewed spread of the infection, requests to refrain from going out, closures of commercial facilities and shortened operating hours. - FY2022-Q3RestatedAnnual report
「The retail industry, including department stores and other sectors that are major related industries for our group, continues to face a challenging operating environment due to the effects of requests to refrain from going out, closures of commercial facilities and shortened operating hours accompanying the renewed spread of COVID-19.」
It reiterates that the retail industry continues to face a challenging environment due to the renewed spread of the infection, requests to refrain from going out, closures of commercial facilities and shortened operating hours. - FY2022-Q2RestatedAnnual report
「The retail industry, including department stores and other sectors that are major related industries for our group, continues to face a challenging operating environment due to the effects of requests to refrain from going out, closures of commercial facilities and shortened operating hours accompanying the renewed spread of COVID-19.」
It states that the retail industry continues to face a challenging environment due to the renewed spread of COVID-19, requests to refrain from going out, closures of commercial facilities and shortened operating hours. - FY2022-Q1RestatedAnnual report
「The Japanese economy during the cumulative first quarter remained uncertain as economic activity continued to be restricted, including through the reissuance of a state of emergency, amid the prolonged impact of COVID-19. The retail industry, including department stores and other sectors that are major related industries for our group, continued to face a challenging operating environment due to the effects of requests to refrain from going out, closures of commercial facilities and shortened operating hours accompanying the renewed spread of COVID-19.」
It continues to describe the challenging environment and uncertain outlook for the retail industry resulting from the prolonged and renewed spread of COVID-19, the reissuance of a state of emergency, requests to refrain from going out and closures of commercial facilities. - FY2021-Q3RestatedAnnual report
「The retail industry, including department stores and other sectors that are major related industries for our group, continues to face a deteriorating operating environment due to the effects of requests to refrain from going out, closures of commercial facilities and shortened operating hours resulting from the spread of COVID-19, and the outlook remains uncertain.」
It continues to state that the operating environment for the retail industry has deteriorated and the outlook is uncertain due to requests to refrain from going out, closures of commercial facilities and shortened operating hours resulting from COVID-19. - FY2021-Q2RestatedAnnual report
「The Japanese economy during the cumulative second quarter deteriorated rapidly in terms of corporate earnings and personal consumption due to the stagnation and contraction of economic activity accompanying the global spread of COVID-19. The retail industry, including department stores and other sectors that are major related industries for our group, also saw its operating environment deteriorate due to the effects of requests to refrain from going out, closures of commercial facilities and shortened operating hours resulting from the spread of COVID-19, and the outlook remained uncertain.」
It continues to describe the deterioration in corporate earnings, personal consumption and the operating environment for the retail industry caused by COVID-19, as well as the uncertain outlook. - FY2021-Q1WorsenedAnnual report
「The Japanese economy during the cumulative first quarter deteriorated rapidly in terms of corporate earnings and personal consumption due to the stagnation and contraction of economic activity accompanying the global spread of COVID-19. The retail industry, including department stores and other sectors that are major related industries for our group, also saw its operating environment deteriorate due to the effects of requests to refrain from going out, closures of commercial facilities and shortened operating hours resulting from the spread of COVID-19, and the outlook remained uncertain.」
It states that, in addition to the decline in personal consumption due to concerns about rising prices and other factors, the spread of COVID-19 rapidly worsened corporate earnings, personal consumption and the operating environment for the retail industry. - FY2020-Q3RestatedAnnual report
「The retail industry, including department stores, which is a major related industry for our group, also remains in a challenging environment as personal consumption continues to decline due to concerns about rising prices and other factors.」
Declining personal consumption against a backdrop of concerns about rising prices and other factors continues to be described as a challenging environment for the retail industry. - FY2020-Q2RestatedAnnual report
「The retail industry, including department stores, which is a major related industry for our group, also remains in a challenging environment as personal consumption continues to decline due to concerns about rising prices and other factors.」
Declining personal consumption against a backdrop of concerns about rising prices and other factors continues to be described as the environment facing the retail industry. It also explicitly states that there have been no material changes to the risks. - FY2020-Q1RestatedAnnual report
「The retail industry, including department stores, which is a major related industry for our group, also remains in a challenging environment as personal consumption continues to decline due to concerns about rising prices and other factors.」
Declining personal consumption against a backdrop of concerns about rising prices and other factors continues to be described as a challenging environment for the retail industry. - FY2019RestatedAnnual report
「The retail industry, including department stores, which is a major related industry for our group, also remains in a challenging environment as personal consumption continues to decline due to concerns about rising prices and other factors.」
Declining personal consumption against a backdrop of concerns about rising prices and other factors continues to be described as a challenging environment for the retail industry. - FY2019-Q3RestatedAnnual report
「The retail industry, including department stores, which is a major related industry for our group, also remains in a challenging environment as personal consumption continues to decline due to concerns about rising prices and other factors.」
Declining personal consumption against a backdrop of concerns about rising prices and other factors continues to be described as a challenging environment for the retail industry. - FY2019-Q2RestatedAnnual report
「The retail industry, including department stores, which is a major related industry for our group, also remains in a challenging environment as personal consumption continues to decline due to concerns about rising prices and other factors.」
Declining personal consumption against a backdrop of concerns about rising prices and other factors continues to be described as a challenging environment for the retail industry. - FY2019-Q1RestatedAnnual report
「The retail industry, including department stores, which is a major related industry for our group, also remains in a challenging environment as personal consumption continues to decline due to concerns about rising prices and other factors.」
Declining personal consumption against a backdrop of concerns about rising prices and other factors continues to be described as a challenging environment for the retail industry. - FY2018-Q3RestatedAnnual report
「The retail industry, including department stores, which is a major related industry for our group, also remains in a challenging environment as personal consumption continues to decline due to concerns about rising prices and other factors.」
Declining personal consumption against a backdrop of concerns about rising prices and other factors continues to be described as a challenging environment for the retail industry. - FY2018-Q2RestatedAnnual report
「The retail industry, including department stores, which is a major related industry for our group, also remains in a challenging environment as personal consumption continues to decline due to concerns about rising prices and other factors.」
Declining personal consumption against a backdrop of concerns about rising prices and other factors continues to be described as a challenging environment for the retail industry. - FY2018-Q1ReframedAnnual report
「The retail industry, including department stores, which is a major related industry for our group, also remains in a challenging environment as personal consumption continues to decline due to concerns about rising prices and other factors.」
The description of the cause has changed from the previous expression, “consumers’ preference for saving,” to declining personal consumption against a backdrop of concerns about rising prices and other factors, but it states that the decline in personal consumption continues. - FY2017-Q3First statedAnnual report
「The retail industry, including department stores, which is a major related industry for our group, also remains in a challenging environment as consumers’ preference for saving continues to weigh on consumer sentiment.」
It states that consumers’ preference for saving and declining consumer sentiment continue to weigh on the external environment for the retail industry.