Recession and Deferred Purchasing After the Consumption Tax Increase
First written in FY2019. 1 of 2 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2020-Q3.
Nichiryoku 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-Q3MaterialisedAnnual report
「During the nine months ended, Japan’s economy ended the period amid factors creating uncertainty about the outlook, as deterioration in the Consumer Confidence Index associated with the consumption tax rate revision outweighed the partial easing of the US-China trade friction.」
The deterioration in the Consumer Confidence Index is actually described as an effect of the consumption tax rate revision, making the risk of worsening consumer sentiment after the tax increase more specific. - FY2019First statedAnnual report
「The planned consumption tax increase on 1 October 2019 entails the risk of rush demand followed by restrained spending. In an uncertain economic environment, cemeteries and gravestones in particular may be treated as nonessential purchases that can be deferred.」
The planned consumption tax increase on 1 October 2019 is described as a new major risk, including the potential effects of rush demand followed by restrained spending and on demand for cemeteries and gravestones.