Impact on Performance of Economic Conditions, Consumer Spending, Weather and Disasters

「During the current interim consolidated accounting period (1 March 2026 to 31 August 2026), Japan's economy remained on a gradual recovery track, with signs of improvement in employment and income conditions. However, the outlook remained uncertain because of concerns over energy prices and stable energy supplies resulting from the situation in the Middle East, the impact of continued price increases on consumer sentiment, and volatility in financial and capital markets.」

「At the same time, the outlook remains uncertain because of concerns about energy prices and stable supply resulting from the situation in the Middle East, the impact of continuing inflation on consumer sentiment, and volatility in the financial and capital markets.」

「In the convenience store industry, customer traffic remained below the previous year, partly because changes in consumer behavior, such as purchasing fewer items and consolidating shopping trips, reduced visit frequency. Meanwhile, the average spend per customer continued to rise because of higher product prices and a stronger focus on value-added products, leaving the industry as a whole with a sales structure dependent on higher average spending per customer.」

「Against a backdrop of growing concern about protecting household finances amid continuing inflation, customer numbers remained below the previous year because of factors including lower visit frequency.」

「During the current interim consolidated accounting period (1 March 2025 to 31 August 2025), Japan's economy remained on a gradual recovery track, supported by improvements in employment and income conditions. However, exports and manufacturing activity showed signs of sluggishness due to the impact of US tariff policies, while concerns over weaker personal consumption caused by continued price increases persisted, leaving the outlook uncertain.」

「During the current consolidated fiscal year, consumption continued to show signs of recovery against the backdrop of increased human mobility in Japan and inbound demand. However, the impact of inflation caused by the weak yen and persistently high energy and raw material prices remained significant. Despite wage increases, real wage growth has been unable to move away from around zero, leaving the economy at a stage in which personal consumption awaits a full-fledged recovery.」

「A fire occurred on 18 February 2024 at the goozEXPRESS Hiratsuka PA store in Hiratsuka, Kanagawa Prefecture. Renovation work was subsequently carried out, and the store resumed normal operations on 10 August 2024.」

「A fire occurred on 18 February 2024 at the goozEXPRESS Hiratsuka PA store in Hiratsuka, Kanagawa Prefecture. As of the end of the first quarter of the current consolidated accounting period, renovation work was under way at the store. The store had operated on a limited basis using mobile sales vehicles and other means at the storefront, but partially resumed in-store operations in June 2024.」

「During the current consolidated fiscal year, Japan's economy has been gradually regaining momentum as human mobility normalizes following the lifting of restrictions on behavior related to COVID-19, with some consumption gaining momentum as leisure and inbound demand recover. Economic activity has also been recovering as employment and income conditions remain solid. Meanwhile, downward pressure on the economy from inflation caused by soaring energy and raw material prices remains in place.」

「Against the backdrop of the lifting of restrictions on behavior related to COVID-19, human mobility has been normalizing, and some consumption has gained momentum as leisure and inbound demand recover. In addition, economic activity is gradually regaining momentum as employment and income conditions remain solid. Meanwhile, downward pressure on the economy from inflation caused by soaring energy and raw material prices remains in place.」

「Against the backdrop of the lifting of restrictions on behavior related to COVID-19, human mobility has been normalizing, and some consumption has gained momentum as leisure and inbound demand recover. In addition, economic activity is gradually regaining momentum as employment and income conditions remain solid. Meanwhile, downward pressure on the economy from inflation caused by soaring energy and raw material prices remains in place.」

「During the third quarter of the current consolidated cumulative period (1 March 2022 to 30 November 2022), Japan's economy gradually showed signs of recovery as human mobility recovered with the easing of restrictions on behavior and other measures, despite the continuing impact of COVID-19. However, the outlook remains uncertain, as soaring crude oil and raw material prices resulting from the depreciation of the yen and the situation in Ukraine are affecting personal consumption.」

「During the first quarter of the current consolidated cumulative period (1 March 2022 to 31 May 2022), Japan's economy showed signs of recovery as the easing of activity restrictions restored human mobility. However, concerns remain that soaring crude oil and raw material prices resulting from the worsening situation in Ukraine, as well as the rapid depreciation of the yen, may affect personal consumption, and the outlook remains uncertain.」

「Japan's economy is expected to move toward a gradual recovery as restrictions on economic activity are eased with the decline in infections. However, amid Russia's invasion of Ukraine, there are concerns that trends in prices of primary commodities, particularly crude oil, may affect economic activity and personal consumption, and conditions are expected to remain uncertain.」

「During the third quarter of the current consolidated cumulative period (1 March 2021 to 30 November 2021), the spread of the novel coronavirus continued to have a significant impact on economic activity in Japan. Although private consumption showed signs of recovery as infections declined and restrictions on economic activity were eased following the spread of vaccinations, the outlook remained uncertain, with infections from a new variant, the Omicron variant, being reported.」

「During the second quarter of the current consolidated cumulative period (1 March 2021 to 31 August 2021), the spread of the novel coronavirus continued to have a significant impact on economic activity in Japan. As vaccination lagged behind Europe and the United States, the number of new infections rose sharply because of the effects of variants, and strict restrictions on activity continued. In addition, the Tokyo Olympics, from which an economic impact had been expected, were held without spectators, limiting the recovery in private consumption. Although the economy is expected to recover as vaccinations become more widespread, the outlook remained uncertain.」

「The spread of the novel coronavirus remained unabated. As states of emergency were reissued and priority preventive measures were applied in some areas, concerns over delays in the pace of vaccinations were added, and the impact on economic activity and private consumption remained uncertain.」

「During the current consolidated fiscal year, the spread of the novel coronavirus amid disruption in the global economic order plunged economic activity in Japan and overseas into unprecedented turmoil, and the economy deteriorated rapidly. After the first state of emergency was lifted, domestic economic activity repeatedly advanced and retreated as infection numbers rose and fell. With a state of emergency declared again in January 2021, there was still no clear indication of when the COVID-19 pandemic would subside, and conditions remained extremely challenging.」

「Conditions remained extremely challenging, with the number of novel coronavirus infections again trending upward.」

「Although domestic economic activity showed signs of recovery after the lifting of the state of emergency, conditions remained extremely challenging amid concerns over a resurgence of infections.」

「The spread of the novel coronavirus during a period of disruption in the global economic order plunged economic activity in Japan and overseas into unprecedented turmoil, causing the economy to deteriorate rapidly and creating an extremely challenging environment.」

「During the third quarter of the current consolidated cumulative period (1 March 2019 to 30 November 2019), the Japanese economy remained on a path of gradual recovery against a backdrop of improving employment and income conditions. However, uncertainty about the outlook remained unresolved because of US-China trade friction, the political situation in Europe, and worsening Japan-South Korea relations.」

「During the second quarter of the current consolidated cumulative period, the Japanese economy remained on a path of gradual recovery against a backdrop of improving employment and income conditions. However, uncertainty about the outlook remained unresolved because of political and economic uncertainty overseas, including the risk of escalating US-China trade friction over US trade policy and the UK's withdrawal from the EU.」

「During the first quarter of the current consolidated cumulative period (1 March 2019 to 31 May 2019), the Japanese economy remained on a path of gradual recovery against a backdrop of improving employment and income conditions. However, uncertainty about the outlook remained unresolved because of political and economic uncertainty overseas, including the risk of escalating US-China trade friction over US trade policy.」

「During the current consolidated fiscal year, the Japanese economy remained on a path of gradual recovery against a backdrop of improving employment and income conditions. However, uncertainty about the outlook remained unresolved because of US-China trade friction over US trade policy, heightened geopolitical risks, and political and economic uncertainty overseas.」

「During the third quarter of the current consolidated cumulative period, the Japanese economy remained on a path of gradual recovery against a backdrop of improving employment and income conditions. However, uncertainty about the outlook remained unresolved because of heightened geopolitical risks, typified by US-China trade friction over US trade policy, and political and economic uncertainty overseas.」

「During the second quarter of the current consolidated cumulative period, the Japanese economy remained on a path of gradual recovery as employment and income conditions continued to improve. However, the outlook remained uncertain because of geopolitical risks, economic trends in emerging Asian countries and elsewhere, and political and economic uncertainty overseas stemming from policy developments in Europe and the United States.」

「During the first quarter of the current consolidated cumulative period (1 March 2018 to 31 May 2018), the Japanese economy remained on a path of gradual recovery amid continued improvement in employment and income conditions, supported in part by the effects of various government policies. However, the outlook remained uncertain because of geopolitical risks, economic trends in emerging Asian countries and elsewhere, and political and economic uncertainty overseas stemming from policy developments in Europe and the United States.」

「Accordingly, changes in the domestic operating environment, including economic conditions, trends in private consumption, abnormal weather and unseasonable weather, and intensifying competition with other convenience-store operators and retailers in other industries, may affect the group's performance and financial condition. Fires, earthquakes and other disasters or unforeseen accidents may also affect operations through delays or disruptions in deliveries to stores or damage to stores.」

「Although the domestic economy showed signs of a gradual recovery and private consumption was gradually picking up, conditions lacked strength, with real wages remaining stagnant.」

「We actively developed attention-grabbing products, including boxed meals and prepared foods launched as tie-in products for the popular film "Cheer☆Dance," as well as desserts and bread developed in collaboration with "Morinaga Milk Caramel." However, sales remained at a challenging level due to the effects of low temperatures in early spring and a decline in chain-wide sales resulting from the decrease in the total number of stores, among other factors.」

「Our group operates convenience stores. Accordingly, changes in the domestic operating environment, including economic conditions, trends in private consumption, abnormal weather and unseasonable weather, may affect the group's performance and financial condition. Fires, earthquakes and other disasters or unforeseen accidents may also affect operations through delays or disruptions in deliveries to stores or damage to stores.」