Stagnant personal consumption and market growth, and intensifying competition
First written in FY2016. 24 of 35 entries say "Restated". Latest entry: 2026-11-13.
Haba Laboratories moved to the "Worse" side of this theme in 2022, 3 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 7 of 12 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In recent years, customer acquisition costs, including advertising and promotional expenses, or CPA, have been trending upward as competition in the e-commerce market has intensified and advertising media have diversified. Under these conditions, sales growth could be constrained if the efficiency of acquiring new customers declines or if advertising investments do not generate sufficient returns.」
In addition to the existing market stagnation and intensifying competition, the Company identified e-commerce competition, diversification of advertising media, rising CPA and lower efficiency in acquiring new customers as specific risks to sales growth. - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, Japan's economy continued on a moderate recovery trend. However, in addition to increased geopolitical risks and downside risks to economic activity arising from the effects of U.S. trade policy, energy and raw-material prices remained high. Sluggish real wage growth amid prolonged price increases also affected personal consumption, and the outlook remained uncertain.」
In addition to the existing stagnation in personal consumption and intensifying competition, the Company cited increased geopolitical risks, U.S. trade policy, high energy and raw-material prices and sluggish real wage growth, with continued uncertainty surrounding the outlook for personal consumption. - FY2025WorsenedAnnual report
「Within the Group, sales through department-store wholesale channels increased year on year against a backdrop of inbound demand. However, sales through mail-order channels, including e-commerce, decreased year on year due to growing concerns about protecting household finances. Sales through other wholesale channels, including exports, also decreased year on year due to the closure of some self-service stores among shipment destinations and lower exports to China.」
Although department-store wholesale sales increased on inbound demand, mail-order and other wholesale sales declined due to growing concerns about protecting household finances, closures of stores among shipment destinations and lower exports to China, reflecting the effects of stagnant personal consumption and competitive and market conditions on results. - FY2024WorsenedAnnual report
「Meanwhile, future personal consumption remains difficult to predict amid the effects of rising resource and energy prices due to the protracted situation in Ukraine, concerns about the outlook for the Chinese economy, downside risks to the domestic and overseas economies, developments in the Middle East and volatility in financial and capital markets, as well as growing concerns about protecting household finances in an uncertain outlook.」
The Company states that, in addition to the existing market stagnation and intensifying competition, uncertainties have broadened to include the Chinese economy, developments in the Middle East, downside risks to the domestic and overseas economies and volatility in financial and capital markets, making the outlook for personal consumption difficult to predict. - FY2024-Q3WorsenedAnnual report
「Meanwhile, future personal consumption remains difficult to predict amid the effects of rising resource and energy prices due to the protracted situation in Ukraine, concerns about the outlook for the Chinese economy, downside risks to the domestic and overseas economies, developments in the Middle East and volatility in financial and capital markets, as well as growing concerns about protecting household finances in an uncertain outlook.」
The Company states that, in addition to the existing market stagnation and intensifying competition, uncertainties have broadened to include the outlook for the Chinese economy, downside risks to the domestic and overseas economies, developments in the Middle East and volatility in financial and capital markets, leaving the outlook for personal consumption difficult to predict. - FY2024-Q2WorsenedAnnual report
「Meanwhile, Russia's invasion of Ukraine, which began in February 2022, has become protracted, while global resource and energy prices have risen and real wages have remained negative as wage growth has failed to keep pace with price increases caused by the weaker yen. In addition, the intensifying conflict between Israel and Palestine is affecting economic activity, and growing concerns about protecting household finances amid an uncertain outlook mean that future personal consumption remains difficult to predict.」
In addition to the existing market stagnation and intensifying competition, uncertainty surrounding the outlook for personal consumption has increased against a backdrop of negative real wages, growing concerns about protecting household finances and the intensifying Israel-Palestine conflict. - FY2023-Q3RestatedAnnual report
「In Japan's cosmetics market, price increases for essential goods, including food and daily necessities, caused spending on those items to be prioritized, slowing the recovery in cosmetics consumption.」
The Company states that price increases for essential goods have slowed the recovery in cosmetics consumption, reconfirming the market stagnation and competitive environment that have continued since the previous quarter. - FY2023-Q2WorsenedAnnual report
「In Japan's cosmetics market, a gradual recovery was seen following the easing of restrictions on activities and other measures. However, spending on cosmetics was restrained as price increases for essential goods, including food and daily necessities, caused consumers to prioritize spending on those items, resulting in continued challenging conditions.」
Although the market showed a gradual recovery, the Company states that price increases for essential goods restrained spending on cosmetics and that challenging business conditions continued. - FY2023-Q1RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant during the COVID-19 pandemic, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs and the growing number of new market entrants.」
Market stagnation caused by the COVID-19 pandemic, increasingly diverse consumer needs and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2022WorsenedAnnual report
「Although the rollout of vaccinations has raised expectations for a gradual normalization of economic activity in some areas, the outlook for containing COVID-19 remains uncertain. Domestic economic activity and the economic outlook also remain uncertain, including the effects of geopolitical risks arising from the situation in Ukraine and growing concerns about further inflation. As more companies shift their sales channels to e-commerce and mail-order sales in response to changing consumer needs, competition is expected to intensify.」
In addition to the existing market stagnation and intensifying competition, the Company explicitly identified increased competition resulting from a shift to e-commerce and mail-order channels, geopolitical risks and inflation concerns as business conditions. - FY2022-Q3RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse consumer needs and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2022-Q2RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse consumer needs and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2022-Q1RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse consumer needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2021RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2021-Q3RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2021-Q2RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse consumer needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2021-Q1RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2020RestatedAnnual report
「Intense competition among companies continues due to increasingly diverse consumer needs and sales channels, particularly those centered on social media.」
The Company identifies increasingly diverse consumer needs and sales channels, and continuing competition among companies, as business-environment risks. - FY2020-Q3RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2020-Q2RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2020-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no newly arising or significant changes concerning sluggish personal consumption, market stagnation, increasingly diverse consumer needs, a widening price divide or intensifying competition from new entrants. - FY2019RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. The Company also explains that sales have increased due to demand from visitors to Japan. - FY2019-Q3RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse needs, a widening price divide and intensifying competition from new entrants continue to be identified. - FY2019-Q2RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2019-Q1RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2018RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse needs, a widening price divide and intensifying competition from new entrants continue to be identified. - FY2018-Q3RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse consumer needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2018-Q2RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse consumer needs, a widening price divide and intensifying competition from new entrants continue to be identified. - FY2018-Q1RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Sluggish personal consumption, market stagnation, increasingly diverse consumer needs, a widening price divide and intensifying competition from new entrants continue to be identified. - FY2017-Q3RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Market stagnation, increasingly diverse consumer needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2017-Q2RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Market stagnation, increasingly diverse consumer needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2017-Q1RestatedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
Market stagnation, increasingly diverse consumer needs, a widening price divide and intensifying competition from new entrants continue to be identified as business-environment risks. - FY2016First statedAnnual report
「Across the cosmetics industry, the market has remained stagnant, partly because personal consumption has struggled to grow. At the same time, intense competition among companies continues due to increasingly diverse consumer needs, a widening price divide and the growing number of new market entrants.」
The Company describes the lack of market expansion and intensifying competition as ongoing business conditions, and cites efficient acquisition of new customers and research and development as responses.