Concerns over a peak in inbound spending
First written in FY2017. 9 of 21 entries say "Restated". Latest entry: FY2025-H1.
Nippon Shikizai moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 8 of 19 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2025-H1Recovery trend despite remaining below pre-pandemic levelsAnnual report
「In Japan, demand remains below pre-COVID-19 levels, when inbound demand was also substantial, particularly for makeup products. However, consumer sentiment has improved significantly, and a gradual recovery and improvement trend is believed to be continuing.」
Although cosmetics demand, including inbound demand, remains below pre-pandemic levels, the company reports an improvement in consumer sentiment and a gradual recovery trend. - FY2023-Q2RestatedAnnual report
「In Japan, cosmetics demand remained significantly depressed, particularly for makeup products, partly due to routine mask-wearing, but consumer sentiment improved as opportunities to go out and dine out increased, and some signs of recovery were observed.」
While the previous weakness in demand and uncertainty over a recovery in inbound demand remain, the company reconfirms that domestic demand is showing some signs of recovery. - FY2023-Q1Some signs of a recovery in demand, but the outlook remains uncertainAnnual report
「In Japan, cosmetics demand remained significantly depressed, particularly for makeup products, partly due to routine mask-wearing, but some signs of recovery were observed as opportunities to go out and dine out increased.」
Although this does not directly indicate a recovery in inbound demand, the company reports some recovery in domestic demand accompanying an increase in opportunities to go out and eat out, while stating that the overall recovery remains uncertain. - FY2022RestatedAnnual report
「In addition, inbound demand did not recover as tighter entry regulations on arrivals to Japan continued」
No recovery in inbound spending was seen, and weak demand due to tighter entry regulations continued throughout the full year. - FY2022-Q3RestatedAnnual report
「In addition, inbound demand did not recover as tighter entry regulations on arrivals to Japan continued, and cosmetics demand remained substantially lower, particularly for makeup products.」
No recovery in inbound spending was seen, and weak demand due to tighter entry regulations continued to be reported. - FY2022-Q2RestatedAnnual report
「As inbound demand evaporated following the sharp decline in the number of foreign visitors to Japan resulting from tighter entry regulations on arrivals to Japan, cosmetics demand remained substantially lower, particularly for makeup products.」
Concerns over a peak in inbound spending continue to materialize in the form of demand evaporating due to tighter entry regulations. - FY2022-Q1WorsenedAnnual report
「The evaporation of inbound demand accompanying the sharp decline in the number of foreign visitors to Japan resulting from tighter entry regulations on arrivals to Japan」
Concerns over a peak in inbound spending are intensifying as inbound demand evaporates due to tighter entry regulations and the sharp decline in the number of foreign visitors to Japan. - FY2021WorsenedAnnual report
「Cosmetics demand declined substantially due to the sharp drop in visitors to Japan resulting from tighter entry restrictions and the resulting collapse in inbound demand.」
Concerns over a peak in inbound spending materialized over the full year as tighter entry regulations and the sharp decline in the number of foreign visitors to Japan caused demand to plunge. - FY2021-Q3WorsenedAnnual report
「Cosmetics demand declined substantially due to the sharp drop in visitors to Japan resulting from tighter entry restrictions and the resulting collapse in inbound demand.」
Concerns over a peak in inbound spending intensified further as tighter entry regulations and the sharp decline in the number of foreign visitors to Japan caused demand to plunge. - FY2021-Q2WorsenedAnnual report
「Cosmetics demand fell sharply as inbound demand plunged following the sharp decline in the number of foreign visitors to Japan resulting from tighter entry restrictions on arrivals to Japan.」
Concerns over a peak in inbound spending intensified further as entry restrictions and the sharp decline in the number of foreign visitors to Japan caused demand to plunge. - FY2021-Q1WorsenedAnnual report
「As entry restrictions on arrivals from overseas to Japan were tightened and the number of foreign visitors to Japan fell sharply, inbound demand continued to slow rapidly.」
Concerns over a peak in inbound spending intensified as COVID-19 and entry restrictions caused a sharp decline in the number of foreign visitors to Japan and a rapid slowdown in demand. - FY2020MaterialisedAnnual report
「In the fourth-quarter consolidated accounting period, sales began to slow due to factors including a ceiling in inbound demand in Japan and the impact of COVID-19.」
Concerns over a peak in inbound spending were reflected in an actual slowdown in sales in the fourth quarter of the full year. - FY2020-Q3RestatedAnnual report
「Inbound spending by visitors to Japan appears to remain firm.」
In response to concerns over a peak in inbound spending, the company states that demand from visitors to Japan remains firm. - FY2020-Q2RestatedAnnual report
「Inbound spending by visitors to Japan appears to remain firm.」
In response to concerns over a peak in inbound spending, the company states that demand from visitors to Japan remains firm. - FY2019-Q3RestatedAnnual report
「Despite the impact of repeated major typhoons, flooding and earthquakes, the domestic cosmetics market remained firm, with inbound demand from the increasing number of visitors to Japan remaining strong and the overall market continuing to perform solidly.」
The company states that inbound demand remained firm and that the overall market also continued to perform solidly. - FY2019-Q2RestatedAnnual report
「The domestic cosmetics market remained firm, as growth in inbound demand from visitors to Japan continued and domestic demand also remained resilient.」
In response to concerns over a peak in inbound demand, the company reconfirms that growth in demand from visitors to Japan and resilient domestic demand have continued. - FY2019-Q1RestatedAnnual report
「The domestic cosmetics market remained firm, supported by continued growth in inbound demand from the increasing number of visitors to Japan and resilient domestic consumption.」
Regarding the concerns over a peak in inbound demand raised in the previous year, the company reconfirms that growth in demand from visitors to Japan and resilient domestic consumption have continued. - FY2018MitigatedAnnual report
「In the domestic cosmetics market, inbound demand from the growing number of visitors to Japan turned upward again.」
Regarding the concerns over a peak in inbound spending raised in the previous year, the company states that demand from visitors to Japan turned upward again in the current year. - FY2018-Q3MitigatedAnnual report
「In addition to the continued recovery in the domestic cosmetics market, inbound demand from visitors to Japan, which has been on an upward trend, also continued, and business remained firm.」
The company states that inbound demand from visitors to Japan continued and that the domestic cosmetics market remained firm, indicating that concerns over a peak in demand had eased as of the quarter. - FY2018-Q1MaterialisedAnnual report
「In the first-quarter consolidated cumulative period, consolidated results were below the level of the same period of the previous year, when inbound-related demand was at its peak, in both net sales and profit, although」
Net sales and profit for the quarter fell short of the level of the same period of the previous year, when inbound-related demand was at its peak, representing a specific shortfall consistent with concerns over a peak. At the same time, the company explains that inbound demand from domestic customers themselves remained firm. - FY2017First statedAnnual report
「However, there is also speculation that inbound spending has already peaked.」
The Company identifies the possibility that inbound consumption, which had supported domestic cosmetics demand, has peaked as an external concern.