Weak Consumer Sentiment in the Consumer Electronics Retail Channel
First written in FY2017-Q1. 17 of 35 entries say "Worsened", first in FY2019-Q1. Latest entry: FY2027-H1.
Twinbird moved to the "Worse" side of this theme in 2021.
1 other company's latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「In the D2C business, price-focused products such as microwave ovens struggled, while the company pursued the development of new customer touchpoints, including the launch of a subscription service on its own e-commerce site.」
The company reported that price-focused products struggled, while it launched a subscription service on its own e-commerce site and pursued the development of new customer touchpoints. It states in the section on business and other risks that there has been no material change in the price competition risk itself. - FY2026WorsenedAnnual report
「The domestic home appliance market faced a difficult environment, particularly for entry-level household refrigerators and washing machines, due to increasingly cost-conscious consumers, the spread of the specialty retail model (SPA, or manufacturing and retailing by the same company) among mass retailers, including entry by companies from other industries, and aggressive sales efforts by major Chinese home appliance manufacturers as a result of the impact of U.S. tariff policies toward China.」
The company cited continued weak consumer sentiment and intensifying competition, as well as the spread of the SPA model among mass retailers and aggressive sales efforts by major Chinese home appliance manufacturers, explaining that these factors led to a sharp decline in sales of household refrigerators and washing machines and a downsizing of the business. - FY2026-H1RestatedAnnual report
「In the home appliances business, sales of rice polishers and rice cookers remained firm against a backdrop of increased demand following the release of government rice reserves. However, although price revisions improved the profitability of household refrigerators and washing machines, sales remained sluggish amid intensifying market competition. As a result, sales in the home appliances business for the current interim accounting period amounted to ¥4,092 million, down 4.7% year on year, while the segment posted a loss of ¥8 million, compared with segment profit of ¥54 million in the same period of the previous year.」
Although demand for rice polishers and rice cookers increased, sales of household refrigerators and washing machines were sluggish due to intensifying market competition, resulting in lower sales and a segment loss in the home appliances business. - FY2025WorsenedAnnual report
「However, sales in the second half turned higher year on year, but did not recover the decline in the first half, resulting in lower full-year sales than in the previous fiscal year. This was due, among other factors, to relatively sluggish merchandise sales amid increasingly diverse consumption patterns associated with starting a new lifestyle, and the failure to secure hospital refrigerator projects by the end of the fiscal year.」
Merchandise sales were sluggish due to increasingly diverse consumption patterns, while hospital refrigerator projects were not secured. Although sales recovered in the second half, full-year sales declined year on year. - FY2025-H1RestatedAnnual report
「Meanwhile, the recovery in personal consumption has been delayed by higher prices and lower real wages due to soaring energy costs and yen depreciation against the US dollar, and the outlook remains uncertain.」
Against a backdrop of soaring energy prices, inflation driven by the weaker yen, and declining real wages, the recovery in personal consumption has been delayed and uncertainty about the outlook has persisted. - FY2025-Q1WorsenedAnnual report
「Meanwhile, the recovery in personal consumption has been delayed by higher prices and lower real wages due to soaring energy costs and yen depreciation against the US dollar, and the outlook remains uncertain.」
Higher prices and lower real wages due to energy costs and yen depreciation have continued to delay the recovery in personal consumption and create uncertainty about the outlook. - FY2024RestatedAnnual report
「Revenue declined from the previous fiscal year due to the decline following stay-at-home demand and the effects of lower consumer sentiment and longer replacement cycles resulting from heightened household budget-protection concerns due to higher electricity costs and prices.」
The decline following stay-at-home demand, frugality due to rising prices and longer replacement cycles continued, resulting in a 4.9% year-on-year decline in revenue for the current fiscal year. - FY2024-Q3WorsenedAnnual report
「Revenue declined from the same period of the previous year due to the decline following stay-at-home demand and the effects of lower consumer sentiment and longer replacement cycles resulting from heightened household budget-protection concerns due to higher electricity costs and prices. As a result, revenue for the nine-month period of the current fiscal year was ¥6,952 million, compared with consolidated revenue of ¥7,320 million in the same period of the previous fiscal year.」
As the effects of lower consumer sentiment and longer replacement cycles continued, revenue declined from ¥7,320 million in the same period of the previous year to ¥6,952 million. - FY2024-Q2MitigatedAnnual report
「Against this operating backdrop, revenue was affected by the decline following stay-at-home demand and by lower consumer sentiment and longer replacement cycles resulting from heightened household budget-protection concerns due to higher electricity costs and prices. However, new products launched from the second half of the previous fiscal year, including two-door refrigerators and freezers with a rated capacity of 121 liters and four-door refrigerators and freezers, including the "see-inside refrigerator" and "easy-to-use refrigerator" models with a rated capacity of 354 liters, contributed to revenue during the six-month period of the current fiscal year, resulting in revenue remaining broadly in line with the same period of the previous year.」
Although the effects of lower consumer sentiment and longer replacement cycles due to rising prices and other factors continued, revenue in the home-appliance business remained broadly in line with the same period of the previous year due to contributions from new products. - FY2024-Q1WorsenedAnnual report
「In addition to the decline following the stay-at-home demand, lower consumer sentiment and longer replacement cycles, driven by heightened household budget-protection concerns due to higher electricity costs and prices, affected revenue, which declined from the previous corresponding period.」
The decline following stay-at-home demand, higher electricity costs and prices, and heightened household budget-protection concerns led to lower consumer sentiment and longer replacement cycles, which in turn affected revenue. - FY2023-Q3RestatedAnnual report
「Although personal consumption has shown signs of recovery as the movement of people has resumed, it has remained uncertain due to the strengthening preference for frugality in response to rising prices.」
Although there have been signs of improvement as the movement of people has resumed, frugality due to rising prices and uncertainty about the outlook have continued. - FY2023-Q2WorsenedAnnual report
「Although personal consumption has shown signs of recovery as the movement of people has resumed, it has remained uncertain due to the strengthening preference for frugality in response to rising prices.」
Although the recovery in the movement of people provided signs of improvement, stronger frugality due to rising prices and the fading of stay-at-home demand worsened the sales environment, resulting in revenue of ¥4,418 million and a segment loss of ¥79 million in the home-appliance business. - FY2022-Q3RestatedAnnual report
「Sales to the consumer electronics retail market slowed recently due to the reaction to the stay-at-home demand for cooking appliances and other products and to appliance demand supported by fixed cash benefits in the previous fiscal year.」
The company continued to cite a slowdown in sales to the consumer electronics retail market due to the reaction to appliance demand. - FY2022-Q2WorsenedAnnual report
「Sales to the consumer electronics retail market slowed recently.」
The company explained that sales to the consumer electronics retail market slowed recently against a backdrop of lower visitor numbers and weaker consumer sentiment due to the extension of the state of emergency and expansion of the areas covered. - FY2022-Q1MitigatedAnnual report
「Although the company was affected by the spread of COVID-19 in the first three-month period of the previous consolidated fiscal year, its solution business, including commercial appliances for hotels and hospitals and OEM products, recovered during the first three-month period of the current consolidated fiscal year.」
The company explained that the solution business, including commercial appliances and OEM products, which had been affected in the same period of the previous year, recovered, indicating a partial improvement in the sales environment. - FY2021WorsenedAnnual report
「Revenue in the home-appliance business for the consolidated fiscal year was ¥10,952 million, a year-on-year decrease of ¥897 million, or 8%, while operating profit was ¥97 million, a year-on-year decrease of ¥33 million, or 26%.」
In addition to mass-retail store closures and lower visitor numbers caused by COVID-19, continued weak demand for commercial appliances for hotels and hospitals resulted in an 8% decline in revenue and a 26% decline in operating profit in the home-appliance business. - FY2021-Q3WorsenedAnnual report
「In the consumer electronics retail market, some mass-retail stores closed during the first three-month period following the declaration of a state of emergency in response to the spread of COVID-19, resulting in lower visitor numbers and distribution-inventory adjustments, among other effects. Although the market recovered in the second quarter, challenging conditions have continued.」
The company explained that challenging conditions continued in the consumer electronics retail market even after its recovery in the second quarter. Demand remained weak in the commercial-appliance market for hotels and hospitals. - FY2021-Q2MitigatedAnnual report
「In the consumer electronics retail market, some mass-retail stores closed during the first three-month period following the declaration of a state of emergency in response to the spread of COVID-19, resulting in lower visitor numbers and distribution-inventory adjustments, among other effects. The market shifted to a recovery trend in the second quarter.」
The company explained that the consumer electronics retail market, which deteriorated in the first quarter, shifted to a recovery trend in the second quarter. Meanwhile, demand for commercial appliances for hotels and hospitals has been slow to recover, and market conditions have been uneven. - FY2021-Q1WorsenedAnnual report
「In the consumer electronics retail market, some mass-retail stores closed temporarily during part of the first three-month period of the current consolidated fiscal year following the declaration of a state of emergency in response to the spread of COVID-19. The market was affected by a decline in visitor numbers and adjustments to distribution inventories.」
The company stated that the sales environment in the consumer electronics retail market deteriorated due to the closure of some mass-retail stores, a decline in visitor numbers and adjustments to distribution inventories. - FY2020MitigatedAnnual report
「For white goods, we successfully secured shelf space, primarily at mass retailers, and steadily expanded the scale of the business.」
The company explained that it secured shelf space at mass retailers and expanded the scale of its white-goods business in response to the deterioration in sales conditions caused by intensifying competition, delays in launching new products and reduced shelf space through the previous year. It did not state that the risks of slowing consumption or the spread of infections had been eliminated. - FY2020-Q3WorsenedAnnual report
「In the third quarter (September-November), however, revenue declined year on year due to the negative impact following the consumption tax rate increase and weaker-than-expected repeat demand for OEM products initially anticipated by the company.」
Revenue declined year on year in the third quarter due to the reaction to the consumption tax rate increase and weakening repeat demand for OEM products. Although cumulative revenue increased, factors contributing to the deterioration in the sales environment became evident on a quarterly basis. - FY2020-Q2MitigatedAnnual report
「In the consumer electronics retail market, in addition to rush demand ahead of the consumption tax increase, strong sales of refrigerators and freezers, washing machines, microwave ovens and other products for single-person and small households contributed to expanded sales.」
The company stated that sales in the consumer electronics retail market improved during the quarter due to rush demand ahead of the consumption tax increase and strong product performance. It did not state that structural market risks had been eliminated. - FY2019WorsenedAnnual report
「Our Group's revenue for the consolidated fiscal year was ¥11,625 million, a year-on-year decrease of ¥1,538 million, or 11.7%. Revenue declined significantly in the first half because the launch of new products was delayed after several years of developing high-value-added products amid intensifying competition in the domestic market.」
The company explained that intensifying competition in the domestic market and delays in launching new products led to an 11.7% year-on-year decline in full-year revenue. Although revenue increased in the fourth quarter, the deterioration in the business environment and sales conditions became evident for the full year. - FY2019-Q3RestatedAnnual report
「Amid intensifying competition in the domestic market, the delayed launch of new products following several years of technically demanding product development, and the reduction in shelf space for the company's products in retail stores, among other factors, resulted in a substantial decline in revenue.」
The company again confirmed that intensifying competition in the domestic market, delays in launching new products and reduced shelf space in retail stores contributed to a 16.7% year-on-year decline in cumulative revenue. It also explained that revenue began to recover from October onward. - FY2019-Q2RestatedAnnual report
「Amid intensifying competition in the domestic market, the launch of new products was significantly delayed because the company had continued developing technically demanding new products for several years, while reduced shelf space for its products in retail stores also affected revenue, resulting in a substantial decline.」
The company again confirmed that intensifying competition in the domestic market, delays in launching new products and reduced retail shelf space contributed to the substantial decline in revenue. - FY2019-Q1WorsenedAnnual report
「Amid intensifying competition in the domestic market, delays in launching new products over the past several years reduced the shelf space for the company’s products at retail stores. Revenue also declined substantially due to measures to optimize distribution inventories and other factors.」
The company stated that revenue fell 25.3% year on year amid intensifying competition in the domestic market, a decline in retail shelf space and the normalization of distribution inventories, in addition to the previously cited weak consumer sentiment and market changes. - FY2018ReframedAnnual report
「We closely monitor the rapid changes and diversification of needs in the consumer electronics and gift markets in which our company operates and work to respond promptly.」
The company has revised its description of business-environment risks, shifting from the previous focus on weak consumer sentiment and the slump in the consumer electronics retail channel caused by unsettled weather to the rapid changes and diversification of needs in the consumer electronics and gift markets. - FY2017RestatedAnnual report
「Although employment conditions in the domestic economy have been improving, personal consumption remained broadly flat amid growing anxiety about the future, including concerns over the declining birthrate and aging population and the sustainability of the public pension system.」
The company stated that personal consumption remained flat against a backdrop of concerns over the declining birthrate and aging population and the pension system. - FY2017-Q3RestatedAnnual report
「Revenue for the nine-month period of the current consolidated fiscal year was ¥9,579 million, a year-on-year decrease of ¥359 million, or 3.6%. The consumer electronics retail channel continued to face challenging conditions due to consumers' preference for frugality, unsettled weather and other factors.」
The company reiterated that the consumer electronics retail channel remained challenging due to consumers' preference for frugality and unsettled weather. Cumulative revenue was ¥9,579 million, down 3.6% year on year. - FY2017-Q2RestatedAnnual report
「Sales to the consumer market, represented by the consumer electronics retail channel, continued to face a challenging environment due to consumers' cost-conscious spending and unsettled weather. Nevertheless, performance remained solid, supported by new products such as the bedroom refrigerator launched last year and the expansion of private-label products for retail companies.」
The company reiterated that the consumer market, including the consumer electronics retail channel, remains challenging due to consumers' preference for frugality and unsettled weather. - FY2017-Q1First statedAnnual report
「Our Group's revenue for the first three-month period of the current consolidated fiscal year was ¥3,230 million, a year-on-year decrease of ¥281 million, or 8.0%. Although the domestic economy has been on a gradual recovery trend against the backdrop of the government's economic policies and the Bank of Japan's monetary policy, consumer sentiment in the consumer electronics retail channel, one of our sales channels, remains weak and the outlook continues to be uncertain.」
The company cited weak consumer sentiment and continued uncertainty in the consumer electronics retail channel, together with the year-on-year decline in revenue.