Weakening Consumer Activity Due to Prolonged War, Yen Depreciation and Surging Prices
First written in FY2023. 5 of 6 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2026-H1.
Papyless moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 40 of 57 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「Revenue declined from the same interim period of the previous year. This was due to mounting downward pressure on users' consumption as rising prices resulting from soaring resource prices against a backdrop of increasing instability in the international situation, foreign exchange fluctuations and other factors affected consumer behavior, as well as tighter regulations on targeted advertising following amendments to the Act on the Protection of Personal Information.」
Rising prices caused by growing international instability, soaring resource prices and currency fluctuations put downward pressure on user spending and are specifically cited as a factor behind the decline in revenue for the interim consolidated accounting period. - FY2025MaterialisedAnnual report
「During the consolidated fiscal year under review, the operating environment remained challenging due to the impact of declining user consumption resulting from rising prices amid an unstable global situation and sharp foreign exchange fluctuations, as well as tighter regulations on targeted advertising following amendments to the Act on the Protection of Personal Information.」
The company states that declining consumer behavior caused by global conditions, exchange-rate fluctuations and rising prices, together with tighter regulation of targeted advertising, actually affected the business environment during the current fiscal year. - FY2025-H1MaterialisedAnnual report
「Revenue declined from the same interim period of the previous year. This was due to mounting downward pressure on users' consumption as rising prices resulting from soaring global resource prices, foreign exchange fluctuations and other factors affected consumer behavior, as well as tighter regulations on targeted advertising following amendments to the Act on the Protection of Personal Information.」
Rising prices resulting from higher resource prices, exchange-rate fluctuations and other factors created downward pressure on user spending and were actually cited as a factor behind the decline in revenue during the current interim consolidated accounting period. - FY2024-Q3MaterialisedAnnual report
「Net sales declined compared with the same quarter of the previous year. This was due to increased downward pressure on user spending from rising prices against a backdrop of higher resource prices following the situation in Ukraine and other factors, as well as yen depreciation, and the impact of tighter regulation of targeted advertising following amendments to the Act on the Protection of Personal Information.」
Higher resource prices following the situation in Ukraine and other factors, yen depreciation and rising prices are cited as factors behind the decline in revenue during the cumulative third-quarter period through increased downward pressure on user spending. - FY2024-Q1MaterialisedAnnual report
「User spending is sluggish due to rising prices resulting from higher resource prices, yen depreciation and other factors」
The external environment of yen depreciation and rising prices described for FY2023 was also actually cited during the current quarter as a factor behind sluggish user spending. - FY2023First statedAnnual report
「During the current consolidated fiscal year, the operating environment became even more challenging due to lower user spending resulting from soaring prices against a backdrop of prolonged war and a historically weak yen, as well as the impact of tighter targeted-advertising regulations following revisions to the Act on the Protection of Personal Information.」
The company describes declining user spending amid the prolonged war, yen depreciation and rising prices as a new external risk that actually affected the business environment during the current fiscal year.