Cautious purchasing behavior due to weak inbound tourism and consumer thrift
First written in FY2022-Q3. 10 of 13 entries say "Restated". Latest entry: 2026-08-14.
The whole theme swung hardest in 2020: 18 of 22 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- 2026-08-14RestatedEarnings
「The effects of extreme heat and poor weather began to emerge as early as June, and cautious purchasing behavior has continued.」
The Company continued to describe cautious purchasing behavior against a backdrop of extreme heat, poor weather and rising costs. - FY2026-H1RestatedAnnual report
「The apparel retail industry in which we operate continues to face a challenging business environment, including surging raw-material, logistics and electricity costs. In addition, the effects of extreme heat and adverse weather had already begun to emerge in June, and consumers continue to purchase cautiously.」
Cautious consumer purchasing behavior continues against a backdrop of higher costs, extreme heat, and adverse weather. - FY2025RestatedAnnual report
「The apparel retail industry in which the company operates also continues to face a challenging operating environment, including soaring raw material, logistics, and electricity costs. In addition, purchasing behavior has become markedly more cautious as prices have risen.」
Consumers continue to purchase cautiously against a backdrop of higher prices. - 2026-03-05RestatedGeneral Meetings of Shareholders
「Purchasing behavior has also become noticeably more cautious because of rising prices and other factors.」
The Company continued to describe more cautious purchasing behavior due to rising prices as part of the operating environment during the fiscal year. - FY2025-H1RestatedAnnual report
「The challenging operating environment has continued, including soaring raw material, logistics, and electricity costs. In addition, the effects of extreme heat began to emerge as early as June, and purchasing behavior has remained cautious.」
Domestic consumers continue to purchase cautiously against a backdrop of rising prices and costs and weather-related factors. - FY2024RestatedAnnual report
「In Japan, purchasing behavior has remained cautious because the summer was hotter than usual and unsettled weather continued.」
Separate from inbound consumption trends, cautious domestic purchasing behavior has continued due to higher prices and weather-related factors. - FY2024-H1RestatedAnnual report
「Inbound consumption has been strong as the number of foreign visitors to Japan recovers, but purchasing behavior has remained cautious amid growing consumer preferences for thrift in response to higher prices.」
Strong inbound consumption continues to coexist with consumers' preference for saving and cautious purchasing driven by higher prices. - FY2024-Q1Inbound recovery alongside cautious consumptionAnnual report
「Inbound consumption has been trending upward as the number of foreign visitors to Japan recovers, but purchasing behavior has remained cautious amid growing consumer preferences for thrift in response to higher prices.」
Inbound consumption is trending upward, while thrift and cautious purchasing behavior in response to higher prices continue, indicating that improving demand conditions and cautious domestic consumption coexist. - FY2023-Q3RestatedAnnual report
「Expectations for inbound consumption have continued to rise as the number of foreign visitors to Japan recovers. In Japan, however, purchasing behavior has remained cautious as consumers have become more inclined to economize amid concerns about their income.」
Expectations for inbound consumption continue, while domestic consumers remain thrifty and cautious. - FY2023-Q2RestatedAnnual report
「Expectations for inbound consumption have continued to rise as the number of foreign visitors to Japan recovers. In Japan, however, purchasing behavior has remained cautious as consumers have become more inclined to economize amid concerns about their income.」
The company expresses continued expectations for an inbound recovery while domestic consumers remain inclined to save and purchase cautiously. - FY2023-Q1RestatedAnnual report
「Cautious purchasing behavior has continued as consumers have become more inclined to economize amid concerns about their income.」
Although the easing of restrictions and inbound consumption were viewed positively, consumer thrift and cautious purchasing behavior continued. - FY2022MaterialisedAnnual report
「In the apparel retail industry, the recovery in human mobility following the easing of restrictions has continued, but purchasing behavior has remained cautious amid growing consumer preferences for thrift.」
Although human mobility is recovering, the company states that consumer thrift and cautious purchasing behavior continued throughout the fiscal year. - FY2022-Q3First statedAnnual report
「The challenging operating environment has continued, with inbound visitor numbers remaining depressed and raw material prices, logistics costs, and electricity costs rising. Cautious purchasing behavior has continued as consumers have become more inclined to economize amid concerns about their income.」
Although measures to control infection were eased and shorter operating hours were lifted, inbound demand remained weak and consumers continued to purchase cautiously.