Risk of economic weakness and lower personal consumption
First written in FY2024. 2 of 4 entries say "Worsened", first in FY2025-H1. Latest entry: FY2027-H1.
Japan Eyewear Holdings moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
66 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Concerns remain about the impact of continued price increases on personal consumption. The outlook remains uncertain, as heightened geopolitical risks in Europe and the Middle East, volatility in financial and capital markets, US policy developments, and tensions in Japan-China relations could affect inbound demand and domestic and overseas consumption trends in the global economy.」
The company explicitly identified concerns that continued price increases could affect personal consumption, specifying the external risks related to consumption trends. - FY2026RestatedAnnual report
「A decline in demand accompanying an economic downturn in the relevant market could adversely affect our group's business, operating results, and financial condition.」
The risk of demand fluctuations caused by an economic downturn, changes in disposable income and preferences, and the economic and political conditions in the countries where corporate customers are located is reiterated. - FY2025-H1WorsenedAnnual report
「At the same time, real wages have remained negative, and consumers have also shown a tendency to spend more cautiously, with the polarization of consumption continuing to progress.」
Regarding economic and personal consumption risks, the continued decline in real wages, increasingly cautious consumer spending, and progressing polarization of consumption are specifically described. - FY2024First statedAnnual report
「A decline in demand accompanying an economic downturn in the relevant market could adversely affect our group's business, operating results, and financial condition.」
Demand fluctuations caused by an economic downturn, changes in disposable income and preferences, and political and fiscal developments in the countries where corporate customers are located are identified as risks.