Decline in Consumption and Pullback Following the Consumption Tax Increase
First written in FY2019. 2 of 2 entries say "Materialised", first in FY2019. Latest entry: FY2020-Q1.
Tiemco 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.
26 other companies' latest entry also says "Materialised".
- FY2020-Q1MaterialisedAnnual report
「During the cumulative first quarter from 1 December 2019 to 29 February 2020, the Japanese economy deteriorated across many industries amid a decline in consumption caused by a significant slowdown in the global economy, particularly the Chinese economy, and the effects of the consumption tax increase, as infections with the novel coronavirus that emerged mainly in Wuhan, Hubei Province, the People's Republic of China, at the end of 2019 continued to spread.」
The decline in consumption caused by the consumption tax increase continued to emerge as a factor contributing to deteriorating business sentiment during the quarter, together with the spread of the novel coronavirus and the slowdown in the global economy. - FY2019MaterialisedAnnual report
「Personal consumption was supported by special demand during the extended holiday period, but sales of daily necessities and apparel lacked momentum because of the impact of natural disasters including Typhoon Hagibis and the decline in demand following the October consumption tax increase.」
It was stated that the pullback in rush demand following the October consumption tax increase actually affected sales of daily necessities, clothing and other products.