Impact of the consumption tax increase on domestic demand
First written in FY2020-Q1. 1 of 3 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2020.
Tokyo Radiator Mfg. moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy maintained a moderate recovery trend through the third quarter despite the downside impact of the consumption tax rate increase and natural disasters such as typhoons. However, economic activity was restricted in the fourth quarter due to the global impact of COVID-19, and the economy slowed sharply from March onward.」
Reconfirms, as an actual situation observed throughout the fiscal year, the downside impact on the domestic economy from the consumption tax rate increase. - FY2020-Q3MaterialisedAnnual report
「During the first 3 quarters of the current consolidated cumulative period (1 April 2019 to 31 December 2019), Japan's economy remained on a moderate recovery track, supported by continued improvements in employment and income conditions, despite the downside impact of the consumption tax rate increase and natural disasters such as typhoons, as well as weakness centred on exports.」
The previously identified risk of a consumption tax increase is described as having resulted in an actual economic downturn due to the tax rate increase. - FY2020-Q1First statedAnnual report
「In Japan, despite uncertainty over the global economy and the risk of a consumption tax increase, demand increased due in part to a rush to purchase small trucks ahead of tighter emissions regulations.」
For the first time, explicitly identifies the risk of a consumption tax increase as an external risk for Japan's truck and industrial and construction machinery markets.