Participation in the Cashless Payment Rebate Program and Higher Cashless-Payment Usage
First written in FY2020-Q3. 1 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2025.
2 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In sales promotions, we implemented initiatives such as the “ONE BUY ONE” promotion, under which customers purchasing a specific product were guaranteed to receive a popular new product, as well as campaigns related to promoting cashless payments,」
We continue to conduct campaigns promoting cashless payments. - FY2020AdvancedAnnual report
「Regarding the impact of the consumption tax increase, the effect of cashless payment incentives limited the decline in sales, but participation by directly operated stores was self-funded, resulting in a negative impact on earnings.」
Regarding the Cashless Payment Points Reward Program, it was assessed as having limited the decline in sales, while directly operated stores incurred a negative earnings impact because they funded their participation themselves. - FY2020-Q3First statedAnnual report
「Regarding the government's “Cashless Payment Points Reward Program,” launched in October in conjunction with the consumption tax increase, we began offering a 2% immediate discount at 346 of our 487 stores, comprising eligible franchise stores, all directly operated stores and certain self-funded participating franchise stores. As a result, the cashless payment ratio rose from 17.0% to 21.9% as of November, offsetting the decline in consumption associated with the consumption tax increase.」
We participated in the government's Cashless Payment Points Reward Program and began offering a 2% discount at 346 of 487 stores. The cashless payment ratio rose from 17.0% to 21.9% as of November, and the company states that this offset the decline in consumption associated with the consumption tax increase.