Leisure Spending Restraint Due to the Consumption Tax Rate Increase
First written in FY2017. 1 of 3 entries say "Mitigated", first in FY2020-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「An increase in the consumption tax rate may cause a temporary decline in personal consumption. Spending on leisure and entertainment, in particular, is likely to be curtailed as a top priority and may be suppressed over the long term if the tax rate is raised further.」
The company continued to explain the risk that an increase in the consumption tax rate would suppress spending on leisure and entertainment. - FY2020-Q3MitigatedAnnual report
「Meanwhile, the effect of cost-cutting measures implemented in response to the consumption tax increase amounted to ¥238 million during the nine-month consolidated cumulative period, with progress at 73% of the full-year plan.」
The company disclosed the effects and progress of cost-cutting measures in response to the risk that the consumption tax increase would suppress leisure spending. - FY2017First statedAnnual report
「The consumption tax rate is scheduled to increase to 10% in October 2019. An increase in the consumption tax rate may cause a temporary decline in personal consumption. Spending on leisure and entertainment, in particular, is likely to be curtailed as a top priority and may be suppressed over the long term if the tax rate is raised further.」
The company indicated that the planned increase in the consumption tax rate to 10% in October 2019 may suppress personal consumption, particularly spending on leisure and entertainment.