Declining demand for suits due to the shift to remote work and more casual dress
First written in FY2021. 5 of 7 entries say "Restated". Latest entry: FY2026-H1.
Global Style moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「The made-to-measure suit industry, to which we belong, is also being affected by higher purchase costs resulting from the depreciation of the yen and consumers' focus on saving, and the challenging business environment is continuing.」
In addition to traditional work styles and the shift toward casual wear, the company identifies consumers' focus on saving as a factor that could weigh on demand. - FY2024RestatedAnnual report
「The made-to-measure suit business operated by the company could be affected in terms of revenue by economic conditions in Japan and overseas, the advent of an aging society with a declining birthrate, changes in work-life balance, including working from home, and the widespread adoption of Cool Biz and casual wear.」
The company continues to identify the impact on suit demand and revenue from working from home, the shift toward casual wear, and the declining birthrate and aging population as a risk. - FY2023RestatedAnnual report
「Revenue could be affected by changes in work-life balance, including working from home, and the widespread adoption of Cool Biz and casual wear.」
The company continues to identify the impact on suit demand and revenue from changes in work styles, including working from home, the shift toward casual wear, and the declining birthrate and aging population, as a risk. - FY2022RestatedAnnual report
「Revenue could be affected by changes in work-life balance, including working from home, and the widespread adoption of Cool Biz and casual wear.」
The company continues to identify the impact of lifestyle changes on suit demand and revenue as a risk. - FY2022-Q3RestatedAnnual report
「The impact of declining demand for suits resulting from changes in work styles, including telework, is significant.」
The company continues to explain the decline in suit demand resulting from changes in work styles, including telework. - FY2022-Q1RestatedAnnual report
「The impact of declining demand for suits resulting from changes in work styles, including the spread of working from home, is significant.」
The company continues to explain the decline in suit demand resulting from changes in work styles, including working from home. - FY2021First statedAnnual report
「Revenue could be affected by changes in work-life balance, including working from home, and the widespread adoption of Cool Biz and casual wear.」
The company sets out a policy of offering products that respond to changes in lifestyle.