Slowing Overseas Economies and Stagnant Personal Consumption
First written in FY2016. 20 of 29 entries say "Restated". Latest entry: 2026-09-17.
Cota moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 141 of 158 companies on the "Worse" side.
55 other companies' latest entry also says "Restated".
- 2026-09-17RestatedEarnings
「At the same time, the outlook remains uncertain, with concerns including the impact on personal consumption of higher raw material and energy prices and rising prices.」
The company reiterated the impact of higher raw material and energy prices and rising prices on personal consumption as an external-environment risk. - FY2026WorsenedAnnual report
「The outlook for the economy is expected to remain uncertain due to factors including higher raw-material prices and their impact on prices resulting from heightened geopolitical risks, as well as the impact of fluctuations in interest rates and foreign exchange rates on the economy.」
In addition to the existing uncertainty surrounding private consumption and the economy, it identifies geopolitical risks, higher raw-material prices, inflation, and fluctuations in interest rates and foreign exchange rates as specific external-environment risks. - FY2025WorsenedAnnual report
「The outlook remains uncertain, including concerns that rising raw-material and energy prices and inflation caused by the weaker yen could affect private consumption.」
It identifies concerns that rising raw-material and energy prices and inflation caused by the weaker yen could affect private consumption as external-environment risks. - FY2024-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in major risks, including external-environment factors such as overseas economies and private consumption. - FY2024-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in major risks, including external-environment factors such as overseas economies and private consumption. - FY2023-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in major risks, including external-environment factors such as overseas economies and private consumption. - FY2023-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in major risks, including external-environment factors such as overseas economies and private consumption. - FY2023-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in major risks, including external-environment factors such as overseas economies and private consumption. - FY2022-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in major risks, including external-environment factors such as overseas economies and private consumption. - FY2022-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in major risks, including external-environment factors such as overseas economies and private consumption. - FY2022-Q1RestatedAnnual report
「Even during the COVID-19 pandemic, it continued to provide close support to customer hair salons through in-person and online sales activities while implementing thorough infection-control measures.」
It continues its sales activities while implementing infection-control measures amid the ongoing COVID-19 pandemic. - FY2021-Q3RestatedAnnual report
「Sales of Cota i CARE, the main product in its in-store sales strategy, remained firm despite the COVID-19 pandemic. In addition, the results of the Cota National In-Store Sales Contest, a sales competition for the company's products held from November to December 2020, were strong, and revenue therefore exceeded the same quarter of the previous year.」
While indicating that the COVID-19 pandemic continued, it explains that in-store sales and the sales competition performed well, resulting in revenue exceeding the same quarter of the previous year. - FY2021-Q2MaterialisedAnnual report
「Although sales of Cota i CARE, the main product in its in-store sales strategy, remained firm during the COVID-19 pandemic, revenue fell below the same quarter of the previous year due to special factors, including the impact of launching the new Cota Treatment Premique product in May of the previous year and rush demand ahead of the consumption-tax increase in October of the previous year.」
It explains that revenue fell below the same quarter of the previous year as the COVID-19 pandemic continued, indicating that the impact of external-environment risks persisted. - FY2021-Q1MaterialisedAnnual report
「Revenue was affected by some hair salons suspending operations and a substantial decline in customer visits during the period in which a state of emergency was declared due to the spread of COVID-19. After the declaration was lifted, however, customer visits began to recover.」
It states that COVID-19 actually caused hair salons to suspend operations and led to a substantial decline in customer visits. It also explains that customer visits began to recover after the state of emergency was lifted. - FY2020WorsenedAnnual report
「In addition, the impact of COVID-19 is expected to further delay the recovery in private consumption. Given the many uncertainties regarding when the pandemic will end and economic activity afterward, hair salons are expected to continue facing a difficult operating environment.」
It identifies the delayed recovery in private consumption caused by COVID-19 and the uncertainty regarding when the pandemic will end and economic activity afterward as new external-environment risks. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in existing risks, including external-environment factors such as overseas economies and private consumption. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in existing risks, including external-environment factors such as overseas economies and private consumption. - FY2019WorsenedAnnual report
「Concerns about a slowdown in the global economy became apparent, and conditions remained unstable.」
Compared with the previous description of a gradual recovery, it now describes concerns about a slowdown in the global economy and unstable conditions. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in existing risks, including external-environment factors such as overseas economies and private consumption. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in existing risks, including external-environment factors such as overseas economies and private consumption. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in existing risks, including external-environment factors such as overseas economies and private consumption. - FY2018-Q3SoftenedAnnual report
「During the cumulative third quarter under review, the Japanese economy continued on a gradual recovery path, supported by improvements in corporate earnings, employment conditions and the income environment.」
It continues to describe the macroeconomy as being on a recovery path, supported by improvements in corporate earnings, employment and the income environment. At the same time, it states that hair salons continue to face a difficult environment. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in existing risks, including external-environment factors such as overseas economies and private consumption. - FY2018-Q1SoftenedAnnual report
「During the cumulative first quarter under review, the Japanese economy continued on a gradual recovery path, with signs of a pickup in private consumption amid improvements in corporate earnings and employment conditions.」
The description of private consumption has changed from stagnation and a delayed recovery to "signs of a pickup." At the same time, it states that hair salons continue to face a difficult environment. - FY2017RestatedAnnual report
「Private consumption remains sluggish and the outlook continues to be uncertain. Accordingly, the difficult operating environment for customer hair salons continues.」
It continues to describe sluggish private consumption and the uncertain outlook as factors contributing to the difficult operating environment for customer hair salons. - FY2017-Q3RestatedAnnual report
「Although the economy continues to recover gradually, concerns include the impact of a downturn in overseas economies. Accordingly, the outlook for companies' economic activities is expected to remain uncertain.」
It continues to identify the impact of a downturn in overseas economies and the uncertain outlook for economic activity as external-environment risks. - FY2017-Q2RestatedAnnual report
「Although the economy is on a gradual recovery path due to fiscal and monetary policy and other measures, the recovery in private consumption remains slow. Accordingly, the outlook for companies' economic activities is expected to remain uncertain.」
It continues to identify the slow recovery in private consumption and the uncertain outlook as external factors. - FY2017-Q1RestatedAnnual report
「Meanwhile, the beauty industry continues to face a challenging business environment for salons, including a decline in the number of customers visiting salons and sluggish growth in average spending per customer.」
It states that the difficult operating environment for hair salons continues. - FY2016First statedAnnual report
「With overseas economies slowing and personal consumption stagnating, the outlook remains uncertain, and our client beauty salons continue to face a challenging operating environment.」
Identifies these factors as external conditions affecting the operating environment of beauty salons.