Difficulty Expanding the Market and Intensifying Competition Due to Population Aging and Higher Tax and Social Security Burdens
First written in FY2018. 2 of 3 entries say "Worsened", first in FY2020. Latest entry: FY2021.
Himaraya 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 2020: 53 of 68 companies on the "Worse" side.
19 other companies' latest entry also says "Worsened".
- FY2021WorsenedAnnual report
「In addition to the domestic oversupply of stores resulting from the declining birthrate and aging population, changes in customers' purchasing behavior caused by technological innovation, including digital transformation, are also important challenges.」
The filing identifies the domestic oversupply of stores caused by the declining birthrate and aging population, together with changes in purchasing behavior resulting from technological innovation such as digital transformation, as important challenges. - FY2020WorsenedAnnual report
「The business environment surrounding our Group has become uncertain, owing to concerns about the effects of the declining birth rate, population ageing and population decline, the increasingly prolonged impact of the COVID-19 pandemic, and the absence of signs of improvement in sluggish personal consumption following the consumption tax rate increase.」
In addition to concerns over the impact of the declining birthrate, aging population, and population decline on the market structure, the prolonged infectious disease situation and sluggish consumer spending have increased uncertainty surrounding market expansion and the competitive environment. - FY2018First statedAnnual report
「As future increases in the public's tax and social security burdens are anticipated, consumers are expected to become more selective in their spending. In addition, market expansion is difficult to foresee as the declining birthrate and aging population progress, and competition among companies is expected to intensify.」
The filing independently identifies for the first time the risk that higher future tax and social security burdens, together with the declining birthrate and aging population, will make consumers more selective, cloud the outlook for market expansion, and intensify competition.