Slower Consumption Following a Consumption Tax Increase
First written in FY2020-Q1. 1 of 2 entries say "Mitigated", first in FY2019. Latest entry: FY2019.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2019MitigatedAnnual report
「Although the impact of the October 2019 consumption tax rate increase on private consumption was limited by measures including the reduced tax rate, the outlook remains uncertain due to factors including US-China trade friction and instability in the European economy.」
The impact of the consumption tax rate increase on consumption was described as limited due to measures including the reduced tax rate, indicating that the anticipated impact was contained to some extent. - FY2020-Q1First statedAnnual report
「Meanwhile, concerns remain over a decline in consumption resulting from the consumption tax rate increase in October 2019. In the global economy, the outlook also remains uncertain due to factors including US-China trade friction and concerns over the European economy.」
The decline in consumption resulting from the October 2019 consumption tax rate increase is being identified for the first time as an explicit business environment risk.