Spk (7466) · FactDecline in vehicle inspection and servicing demand after the tax increase and mitigation of its impact
Rush demand for vehicle inspections and servicing ahead of the consumption tax increase
First written in FY2020-Q2. . Latest entry: FY2020-Q3.
2entries
2years
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Rush demand for vehicle inspections and maintenance before the consumption tax increase, followed by a declineA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2020-Q3Decline in vehicle inspection and servicing demand after the tax increase and mitigation of its impactAnnual report
「The increase in the consumption tax from October led to a marked decline in vehicle inspection and servicing demand, but the impact is considered to have eased from November.」
The decline in vehicle inspection and servicing demand after October became pronounced as a reaction to the rush demand ahead of the tax increase described in the previous quarter, but the Company stated that the impact eased from November. - FY2020-Q2First statedAnnual report
「In addition, rush demand for vehicle inspections and servicing ahead of the consumption tax increase is considered to have contributed to higher revenue.」
For the first time, demand for vehicle inspections and servicing ahead of the consumption tax increase was identified as one factor behind higher revenue at the Domestic Sales Division.