Bicycle Purchase Demand Driven by Social Distancing and Other Factors
First written in FY2021-Q1. 8 of 13 entries say "Restated". Latest entry: FY2025.
Capita moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「As high bicycle prices continued to reduce demand for replacement bicycles, a marked trend emerged toward using each bicycle for longer, resulting in increased demand for repairs.」
The explanation of the demand structure has shifted from the previous focus on increased commuting and school-travel demand during the pandemic to declining replacement demand and increasing repair demand. - FY2025-H1RestatedAnnual report
「As high bicycle prices continued to reduce demand for replacement bicycles, a marked trend emerged toward using each bicycle for longer, resulting in increased demand for repairs.」
Against a backdrop of higher bicycle prices, the decline in demand for new bicycle replacements, the trend toward using each bicycle for longer and the increase in repair demand have continued. - FY2024RestatedAnnual report
「In the bicycle industry, continued increases in the prices of complete bicycles have reduced demand for replacement purchases of new bicycles, while a pronounced trend toward keeping bicycles for longer has increased demand for repairs.」
The company continues to describe a market environment in which demand for new bicycle replacements is declining due to higher bicycle prices, while demand for repairs is increasing. - FY2024-Q1RestatedAnnual report
「Bicycles came to be recognized anew as necessary, with more opportunities to use them mainly for commuting, school travel and travel to and from nursery school, as people became more health-conscious to address physical inactivity and sought to avoid contact with others in daily life, or so-called crowded environments.」
The company continues to describe increased demand for and opportunities to use bicycles driven by health consciousness and the avoidance of contact with others. - FY2023Recognition of demand coexists with market contractionAnnual report
「Bicycles came to be recognized anew as necessary, with more opportunities to use them mainly for commuting, school travel and travel to and from nursery school, as people became more health-conscious to address physical inactivity and sought to avoid contact with others in daily life, or so-called crowded environments.」
While the need for bicycles is recognized amid greater health consciousness and the avoidance of contact with others, the market is contracting in terms of units sold due to supply constraints and higher prices. - FY2023-Q3RestatedAnnual report
「Bicycles came to be recognized anew as necessary, with more opportunities to use them mainly for commuting, school travel and travel to and from nursery school, as people became more health-conscious to address physical inactivity and sought to avoid contact with others in daily life, or so-called crowded environments.」
The company continues to describe the increased need for and demand for bicycles driven by health consciousness and the avoidance of contact with others. - FY2023-Q1RestatedAnnual report
「Bicycles came to be recognized anew as necessary, with more opportunities to use them mainly for commuting, school travel and travel to and from nursery school, as people became more health-conscious to address physical inactivity and sought to avoid contact with others in daily life, or so-called crowded environments.」
The company continues to describe increased bicycle demand and the renewed need for bicycles driven by health consciousness and the avoidance of contact with others. - FY2022Demand expected to continue, while market unit volumes declineAnnual report
「We expect the increase in bicycle demand to continue to some extent, and are focusing on securing merchandise」
It states that although the increase in bicycle demand is expected to continue to some extent, the market declined in unit terms due to supply constraints, higher prices and other factors. - FY2022-Q1Demand will continue, but the peak has passedAnnual report
「Although the peak has passed, demand for bicycle commuting and school travel to support health and avoid crowded environments increased during the COVID-19 pandemic.」
Although bicycle demand is said to have passed its peak, it continues to increase amid greater health consciousness and commuting and school travel that avoids crowded environments. - FY2021RestatedAnnual report
「Bicycle demand increased substantially as people became more health-conscious during the COVID-19 pandemic and used bicycles for commuting and school travel to avoid crowded environments.」
For the full fiscal year, the company continues to describe an increase in bicycle demand driven by greater health consciousness and commuting and school travel that avoids public transportation. - FY2021-Q3RestatedAnnual report
「Bicycle demand increased substantially as people became more health-conscious during the COVID-19 pandemic and used bicycles for commuting and school travel to avoid crowded environments.」
The company continues to describe an increase in bicycle demand driven by greater health consciousness and commuting and school travel that avoids public transportation. - FY2021-Q2RestatedAnnual report
「The desire to avoid public transportation amid the spread of infection generated global demand for bicycle purchases」
It states that demand for bicycle purchases emerged worldwide, not only in Japan, amid the desire to avoid public transportation. - FY2021-Q1First statedAnnual report
「Demand from people wishing to avoid public transportation, particularly for commuting and school travel, in response to social distancing, combined with the effect of the government's ¥100,000 payment per person, resulting in substantial demand for bicycle purchases.」
It states that demand for bicycle purchases surged in June as the desire to avoid public transportation coincided with the effect of government payments.