Limited Extent of Front-Loaded Demand and Earnings Impact from the Consumption Tax Increase
First written in FY2020-Q2. 2 of 3 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2020.
Muraki moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「Under these conditions, sales of our group's car-care-related products at service stations remained in a difficult environment due to persistently high fuel prices, the consumption tax increase from October and changes in the revenue structure of service stations.」
It states for the full year that the consumption tax increase, together with persistently high fuel prices and changes in the revenue structure of service stations, had an actual impact on the sales environment for car-care-related products. - FY2020-Q3MaterialisedAnnual report
「Our core products, oil filters, wiper blades and batteries (functional parts), were also affected, resulting in performance substantially below expectations.」
Compared with the previous quarter's statement that the impact of the consumption tax increase was minor, this quarter's disclosure states that sales of core products fell substantially short of expectations as high fuel prices coincided with the consumption tax increase. - FY2020-Q2First statedAnnual report
「Demand ahead of the October consumption tax rate increase was limited, and its impact on earnings was minor.」
It states that demand ahead of the October 2019 consumption tax rate increase was limited and that its impact on earnings was also minor.