Demand impact from the sharp decline in visitors to Japan from South Korea
First written in FY2020-Q1. 3 of 4 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2021-Q1.
Pan Pacific International Holdings moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2024: 2 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2021-Q1WorsenedAnnual report
「At the Group's core Don Quijote format, same-store sales growth was down 14.1% due to unseasonable weather, including the prolonged rainy season, the disappearance of inbound demand and cancellation of events resulting from COVID-19, and the backlash from front-loaded demand ahead of the September 2019 consumption tax increase.」
The disappearance of inbound demand due to COVID-19 and other factors resulted in same-store sales growth of down 14.1% at the core Don Quijote format, with the impact on demand emerging as a concrete decline in sales. - FY2020-Q3MaterialisedAnnual report
「Regarding sales at 株式会社ドン・キホーテ, the core format in this business, sales of essential daily goods, particularly food and daily household products, remained strong as the company captured market share from competitors through its broad product range and ability to offer attractive prices. However, due to unseasonable weather, weak personal consumption after the consumption tax increase, and the substantial decline in visitors to Japan caused by the spread of COVID-19, same-store sales growth was down 1.4%.」
The substantial decline in visitors to Japan due to the spread of COVID-19 and other factors resulted in same-store sales growth of down 1.4%. The company also reported gaining market share from competitors through sales of essential daily goods. - FY2020-Q2MaterialisedAnnual report
「At the Group's core Don Quijote format, sales of food and daily necessities remained strong as the company captured market share from competitors. However, due to the effects of unseasonable weather, the sharp decline in visitors to Japan from South Korea, and the backlash after the consumption tax increase, same-store sales growth was down 0.7%.」
The sharp decline in visitors to Japan from South Korea continued to affect sales at the core format, while unseasonable weather and the post-tax-increase pullback contributed to same-store sales growth of down 0.7%. - FY2020-Q1MaterialisedAnnual report
「The core Don Quijote format was affected by unseasonable weather, including cool summers and extreme heat, as well as the sharp decline in visitors to Japan from South Korea. However, sales of essential daily goods, particularly food, remained strong, and the company captured front-loaded demand ahead of the consumption tax increase, resulting in same-store sales growth of 2.9%.」
Although the sharp decline in visitors to Japan from South Korea was cited as affecting sales at the core format, same-store sales growth reached 2.9% on strong sales of essential daily goods and front-loaded demand ahead of the tax increase.