Revenue growth in household-related equipment driven by rush demand ahead of the consumption tax increase
First written in FY2020-Q2. 1 of 3 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2020: 2 of 21 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「Household-related equipment declined due to sluggish shipments of air-conditioning equipment and gas-consuming equipment for residential and factory use, as well as the impact of consumers holding back purchases after the consumption tax increase.」
The restraint on purchases after the rush demand before the consumption tax increase is identified as a factor behind the full-year revenue decline in household-related equipment. - FY2020-Q3A pullback following front-loaded demand occurredAnnual report
「Although the Japanese economy experienced rush demand ahead of the consumption tax increase and a subsequent reactionary decline in demand during the cumulative third quarter, a gradual recovery trend continued, supported by improvements in employment conditions and the income environment.」
Compared with the previous quarter, which described higher revenue from household-related equipment due to rush demand before the consumption tax increase, the company now states that the economy as a whole experienced a reactionary decline in demand after the rush. - FY2020-Q2First statedAnnual report
「Demand for welding and cutting equipment increased. In addition, sales of household-related equipment increased due in part to rush demand before the consumption tax increase, and operating income also increased.」
For household-related equipment, rush demand before the consumption tax increase is cited for the first time as a factor contributing to increases in net sales and operating income.