Long-term contraction of the Japanese apparel market due to market maturity and population decline
First written in FY2019. 2 of 3 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2020: 9 of 15 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The Japanese fashion market has matured, and consumer choices are becoming increasingly selective amid global competition among companies. In addition, as the population structure undergoes structural changes due to population decline and the declining birthrate and aging population, the domestic market is expected to contract over the long term.」
The structural risk of long-term market contraction due to domestic market maturity, population decline and the declining birthrate and aging population continued to be disclosed for the full fiscal year. - FY2020-Q1RestatedAnnual report
「As the domestic market continues to contract, differences in the performance of companies across the industry have become pronounced, and the overall environment remains challenging.」
The continued contraction of the domestic market was disclosed again, reaffirming the existing risk of long-term contraction in the Japanese apparel market. - FY2019First statedAnnual report
「The Japanese fashion market has matured, and consumer choices are becoming increasingly selective amid global competition among companies. In addition, as the population structure undergoes structural changes due to population decline and the declining birthrate and aging population, the domestic market is expected to contract over the long term.」
The maturity of the domestic apparel market, increasingly selective consumers, and long-term market contraction due to population decline and the declining birthrate and aging population were presented together for the first time as an independent business-environment risk.