Economic Fluctuations and Declines in Disposable Income and Leisure Spending
First written in FY2018. 10 of 16 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 10 of 14 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In particular, declines in consumers’ disposable income resulting from changes in employment levels and other factors, as well as declines in spending on leisure activities including amusement, may affect the business and performance.」
The risk of declining leisure spending due to changes in economic, employment, and income conditions remains in place. - FY2025RestatedAnnual report
「In particular, declines in consumers’ disposable income resulting from changes in employment levels and other factors, as well as declines in spending on leisure activities including amusement, may affect the business and performance.」
The risk of declining leisure spending due to changes in economic and income conditions remains in place. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
The company states that there have been no material changes in the risks relating to economic fluctuations, disposable income, and leisure spending. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks relating to economic fluctuations, disposable income, and leisure spending. - FY2022RestatedAnnual report
「In addition, personal consumption remains on a downward trend due to the prolonged impact of COVID-19 and other factors, and the extremely uncertain situation continues.」
The company continues to describe the prolonged spread of COVID-19 and declining personal consumption as a challenging operating environment relating to economic conditions and leisure spending. - FY2021RestatedAnnual report
「In addition, as COVID-19 has yet to subside and personal consumption remains on a downward trend, the extremely uncertain situation continues.」
The company continues to describe the prolonged spread of COVID-19 and declining personal consumption as a challenging operating environment relating to economic conditions and leisure spending. - FY2021-Q2WorsenedAnnual report
「Consumer activity in the amusement industry to which the company belongs declined sharply due to the spread of COVID-19 and restrictions on economic activity, including requests to refrain from going out, leaving the outlook extremely uncertain.」
The company strongly emphasized the severity of the risks of declining economic activity and leisure spending, as consumer activity cooled sharply due to the spread of COVID-19 and requests to refrain from going out. - FY2021-Q1MaterialisedAnnual report
「From January 2020 onward, as the spread of COVID-19 led to a stronger tendency among people to refrain from going out, the number of visitors to amusement facilities continued to decline.」
Actual declines in customer visits resulting from requests to refrain from going out brought to the fore the risk of declining demand for consumer and leisure spending. - FY2020MaterialisedAnnual report
「In addition to requests to refrain from going out amid the spread of COVID-19 from January onward, temporary store closures beginning in April 2020 reduced revenue in the amusement facility operations business.」
Requests to refrain from going out and store closures led to actual declines in customer visits and revenue, bringing consumer-related risks to the fore. - FY2020-Q3RestatedAnnual report
「The amusement industry to which the company belongs remains in a challenging operating environment, as consumer thrift, accelerated by last year’s consumption tax increase, persists.」
The company continues to describe consumer thrift resulting from the consumption tax increase and a challenging operating environment. - FY2020-Q1WorsenedAnnual report
「Exports have struggled to grow amid a slowdown in overseas economies, led by China, while domestic demand has also lacked strength, increasing the risk of recession. In addition, the outlook remains uncertain due to continued U.S.-China trade friction and tensions in the Middle East, raising concerns that a further deterioration could worsen the global economy.」
In addition to the existing risks relating to economic and income conditions, the company explicitly identified concerns over deterioration in the global economy due to slowing overseas economies, weak domestic demand, rising recession risks, and trade friction. - FY2019RestatedAnnual report
「The economic outlook has become uncertain due to concerns over the impact of trade friction accompanying the United States’ protectionist trade policies and downside risks to the global economy.」
The company reiterated the risk of declining consumer spending resulting from economic and income conditions, including trade friction and downside risks to the global economy. - FY2019-Q3Reference to uncertainty arising from trade frictionAnnual report
「Although the economy is showing a moderate recovery as employment and income conditions improve, its outlook remains uncertain amid concerns over such factors as intensifying trade friction between the United States and China.」
In connection with existing risks relating to economic and income conditions, the company referred to uncertainty over the economic outlook due to intensifying trade friction between the United States and China and other countries. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks relating to economic fluctuations, disposable income, and leisure spending. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in the business and other risks. - FY2018First statedAnnual report
「Declines in consumers’ disposable income resulting from changes in employment levels and other factors, as well as declines in spending on leisure activities including amusement, may affect the Group’s business and performance.」
Domestic economic conditions, economic policy, and the employment and income environment are identified as external risks to the consumer-related businesses.