Postponement of the Reduced Consumption Tax Rate System and Demand for Subsidies
First written in FY2017-Q1. 11 of 24 entries say "Restated". Latest entry: FY2025.
Tb Group moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Revenue was below the same period of the previous year, partly because of the reversal of special demand for compliance with the qualified invoice system.」
It states that policy-related demand was in a reversal phase following the special demand for compliance with the qualified invoice system, and that sales of SA equipment and products were below the same period of the previous year. - FY2025-H1Shift from the reversal of qualified-invoice-system windfall demand to demand for new-banknote-compatible equipmentAnnual report
「Demand for automatic change machines and ticket vending machines compatible with the new banknotes increased, driving growth, but sales declined year on year because of the reversal of special demand for compliance with the qualified invoice system.」
Policy-related demand entered a declining phase because of the reversal of special demand for compliance with the qualified invoice system, while the focus shifted to demand for equipment compatible with the new banknotes. - FY2024RestatedAnnual report
「The electronic cash register and POS businesses experienced product supply delays due to higher costs resulting from the weaker yen and shortages of semiconductors and raw materials, but performance improved owing in part to the special demand accompanying the introduction of the qualified invoice system and the effect of launching new products.」
Policy-related demand, which shifted from the reduced-tax-rate and subsidy windfalls to demand for compliance with the qualified invoice system, and the effect of new products continue to be cited as factors behind the improvement in the POS business. - FY2024-Q3RestatedAnnual report
「The electronic cash register and POS business was affected by higher costs caused by the weaker yen and shortages of semiconductors and raw materials, resulting in supply delays, but results improved as demand continued after the introduction of the invoice system and new products also contributed.」
It states that policy-related demand shifted from the reduced-tax-rate and subsidy windfalls to demand for compliance with the qualified invoice system, and continued after the system was introduced. - FY2024-Q2AdvancedAnnual report
「Performance improved, supported by rush demand for compliance with the qualified invoice system and the effect of launching new products.」
The focus of policy-related demand shifted from the previous reduced-tax-rate and subsidy windfalls to rush demand accompanying the qualified invoice system, which began in October 2023, and this emerged as an actual factor behind the improvement in performance. - FY2023ReframedAnnual report
「In preparation for the launch of the invoice system in October 2023, the high-function model "iTR 6000 Pro," which supports semi-self-service operation and cashless payments and is being developed in cooperation with leading partner companies, and the compact, lower-priced model "TWP-W10 Pro l.e." are scheduled for successive releases during the first half of fiscal 2023, which is expected to be a period of special demand.」
The policy-related discussion has shifted from the previous demand environment centered on the reduced-tax-rate and subsidy windfalls to POS demand accompanying the launch of the qualified invoice system and plans to introduce compatible products. - FY2022WorsenedAnnual report
「In the electronic cash register and POS business, contactless and unattended solutions such as change dispensers grew after the downturn caused by the backlash following the end of the reduced-tax-rate special-demand period, but revenue declined because the installation of large projects was completed.」
The downturn following the end of the reduced-tax-rate windfall continued, and revenue also declined as installations for major projects were completed. Growth in contactless and non-face-to-face solutions was also cited as a mitigating factor. - FY2021WorsenedAnnual report
「In the electronic cash register and POS business, the recovery in revenue was delayed by the backlash from the special demand created by subsidies for reduced tax rates, as well as the postponement of large projects due to the deterioration in business conditions caused by COVID-19, resulting in a substantial decline in revenue.」
The reversal of special demand generated by the reduced-tax-rate subsidy program, together with the postponement of large projects due to the COVID-19 pandemic, delayed the recovery in demand. - FY2021-Q3WorsenedAnnual report
「In the third quarter, the business continued to be affected by the reversal of special demand generated by the reduced-tax-rate subsidy program. In addition, worsening business conditions among small and mid-sized food-service and service businesses due to the COVID-19 pandemic delayed the recovery in revenue, resulting in a substantial revenue decline.」
In addition to the reversal of reduced-tax-rate subsidy demand, deterioration among small and mid-sized food-service and service businesses due to the COVID-19 pandemic compounded the situation, delaying the recovery in POS and cash register demand and causing a substantial revenue decline. - FY2021-Q2WorsenedAnnual report
「In the second quarter, the number of installations fell sharply because of the reversal of the special demand generated by the reduced-tax-rate subsidy program, as well as closures and other factors affecting small and mid-sized food-service and other service businesses.」
It states that the special demand generated by the reduced-tax-rate subsidy program entered a reversal phase, resulting in a sharp decline in POS and cash register installations. - FY2021-Q1Cited as achievedAnnual report
「We will use the grant-related expertise acquired through the reduced tax rate measures to enter new markets and increase revenue.」
It cites the grant-related expertise accumulated while addressing the reduced tax rate as past experience and a track record to be used when entering new markets in response to the revised Health Promotion Act. - FY2020Cited as achievedAnnual report
「The SA division posted substantial increases in revenue and profit by successfully capturing the consumption tax windfall, aided by government policy promoting the installation of cash registers compatible with the reduced tax rate.」
It cites policy-driven demand for reduced-tax-rate-compatible cash registers as a factor behind the increases in revenue and profit in the first half of previous fiscal years. - FY2020-Q3MitigatedAnnual report
「The SA division had been expected to report lower revenue from October 2019 onward because of the reversal of the consumption tax windfall generated by the introduction of reduced-tax-rate-compatible cash registers. However, revenue did not decline substantially because procedural requirements for the reduced-tax-rate subsidy program, implemented as a government policy response to the sharp increase in demand, were relaxed.」
It states that the expected decline following the reversal of the consumption tax windfall from October 2019 onward did not result in a substantial revenue decrease because the procedural requirements for the subsidy program were relaxed. - FY2020-Q2RestatedAnnual report
「The SA division posted substantial increases in revenue and profit by successfully capturing the consumption tax windfall, aided by government policy promoting the installation of cash registers compatible with the reduced tax rate.」
The company continues to cite the effect of promoting the installation of reduced-tax-rate-compatible cash registers and the consumption tax windfall as policy factors supporting the POS business’s performance. - FY2020-Q1RestatedAnnual report
「The electronic cash register and POS businesses recovered, posting substantial increases in revenue and profit, partly due to the government policy promoting the introduction of reduced-tax-rate-compliant cash registers. We will continue to address rush demand accompanying the consumption tax increase in October 2019 and seek to increase both revenue and profit.」
The company views the effect of promoting the installation of cash registers compatible with the reduced tax rate as a growth opportunity and continues to address rush demand accompanying the October 2019 consumption tax increase. - FY2019ReframedAnnual report
「We will view the reduced-tax-rate windfall created by government policy and subsidies for cashless payment terminals as opportunities, pursue tie-ups with leading and venture companies, and aim to increase both revenue and profit.」
The description has shifted from the previous view of the environment as one of postponed reduced-tax-rate implementation and subsidy demand to viewing the reduced-tax-rate windfall and subsidies for cashless payment terminals as growth opportunities. - FY2019-Q1SoftenedAnnual report
「Electronic cash registers and POS systems continued to benefit from demand generated by the subsidy program for measures addressing the reduced tax rate, but sales slowed as installations at existing customers progressed.」
Although demand generated by the subsidy program remains, sales of compatible equipment have slowed as installations among existing customers have progressed. - FY2018-Q3RestatedAnnual report
「In the SA equipment business, sales of electronic cash registers and POS systems continued to grow as the company captured the special demand generated by the subsidy program for measures addressing the reduced tax rate.」
It maintains the view that subsidy-driven replacement demand for compatible equipment has continued amid the environment surrounding the timing of the reduced tax rate’s implementation. - FY2018-Q2RestatedAnnual report
「The SA equipment business continued to capture the special demand generated by the subsidy program for measures addressing the reduced tax rate, and replacement sales of POS systems and cash registers continued to grow.」
It maintains the view that subsidy-driven replacement demand for compatible equipment under the reduced tax rate subsidy program has continued. - FY2018-Q1RestatedAnnual report
「The company continued to capture the special demand generated by the subsidy program for measures addressing the reduced tax rate, and replacement sales of POS systems and cash registers continued to grow in the cumulative consolidated first-quarter period.」
Regarding the demand environment surrounding the timing of the reduced tax rate’s implementation and the subsidy program, it states that subsidy-driven replacement demand has continued. - FY2017RestatedAnnual report
「The company continued to capture special demand generated by the subsidy program for measures addressing the reduced tax rate. Replacement sales of POS systems and cash registers continued to grow in the second half, and the number of installed units covered by applications ranked among the highest.」
Replacement demand for POS systems and cash registers compatible with the reduced tax rate subsidy program continued in the second half of the fiscal year. - FY2017-Q3RestatedAnnual report
「The continuation of the subsidy program for measures addressing the reduced tax rate drove replacement demand for eligible POS systems and cash registers, resulting in higher sales in the third quarter as well.」
It reiterates that, amid the environment surrounding the timing of the reduced tax rate’s implementation, the subsidy program has continued and replacement demand for compatible equipment remains in place. - FY2017-Q2RestatedAnnual report
「The continuation of the subsidy program for measures addressing the reduced tax rate drove replacement demand for eligible POS systems and cash registers, resulting in higher sales.」
It reiterates that, amid the changing environment surrounding the reduced tax rate system, the continued subsidy program has generated replacement demand for compatible equipment. - FY2017-Q1First statedAnnual report
「Although implementation of the reduced consumption tax rate was postponed, the subsidy program was implemented during the current period.」
While implementation of the reduced tax rate was postponed, the subsidy program was implemented during the current period, generating replacement demand for compatible equipment.