Competitive and Demand Conditions in the Mid- to Low-Priced Casualwear Market
First written in FY2017-Q1. 26 of 34 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2025: 5 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「As inflation continued, consumers remained strongly inclined to economize, and there was growing awareness of protecting household finances by carefully weighing the value and price of products.」
We continue to recognize the demand environment as one characterized by inflation, consumers’ inclination to economize, and rigorous comparisons of product value and prices. - 2026-10-09RestatedEarnings
「As inflation continued, consumers remained strongly inclined to economize, and there was growing awareness of protecting household finances by carefully weighing the value and price of products.」
Management continued to recognise a challenging market environment characterised by rising prices, consumer thrift, and stringent comparisons of product value and pricing. - FY2026ReframedAnnual report
「In the casualwear industry to which the Company belongs, the pass-through of higher costs, including raw material and logistics costs, into prices has spread, and consumers are becoming increasingly inclined to compare product value and prices more rigorously.」
The market environment has been reframed to include the pass-through of higher costs into prices and consumers’ rigorous comparison of value and price, in addition to the previously recognized preference for saving, rising prices, and changes in demand due to climate change. - FY2025RestatedAnnual report
「Amid these external conditions, the casualwear industry to which the Company belongs continued to be required to respond to changes in living conditions, including a stronger preference for saving and climate change.」
Continues to recognize a market environment requiring a response to changes in living conditions, including a stronger preference for saving and climate change. - FY2024ReframedAnnual report
「In the casualwear business to which the Company belongs, consumption is expected to expand as social activities normalize and opportunities to go out increase, including returning home and domestic and overseas travel, but the business environment remains challenging amid concerns about weaker consumer sentiment and a stronger preference for saving due to sharp increases in food prices and utility costs, as well as changes in demand caused by climate change rarely seen in recent years.」
The market environment has been reframed to reflect expectations for increased consumption from the normalization of social activities and greater opportunities to go out after the COVID-19 pandemic, alongside changes in demand due to higher living costs, a stronger preference for saving, and climate change. - FY2024-Q3RestatedAnnual report
「In the casualwear industry to which the Company belongs, the industry is required to respond to changes in values and needs following the COVID-19 pandemic as opportunities to return home, travel, and go out for daily activities increase.」
Continues to recognize the need to respond to changing values and needs following the COVID-19 pandemic, while acknowledging increased opportunities to go out and the normalization of social activities. - FY2024-Q1ReframedAnnual report
「The casualwear industry to which the Company belongs is required to respond to new needs in the post-COVID-19 era.」
The market environment has been reframed from the previous focus on restrictions on going out and weak consumption caused by the pandemic to one requiring a response to new post-COVID-19 demand. - FY2023RestatedAnnual report
「In the casualwear industry to which the Company belongs, opportunities to go out are increasing and consumption is trending upward, but the business environment remains challenging as the sharp rise in food and utility costs is strengthening consumers’ preference for saving and raising concerns about weaker consumer sentiment.」
Continues to recognize the recovery trend in opportunities to go out and consumption, while remaining concerned about a stronger preference for saving and weaker consumer sentiment due to higher food and utility costs, as well as challenging conditions. - FY2023-Q3RestatedAnnual report
「In the casualwear industry to which the Company belongs, opportunities to go out are increasing and foot traffic is recovering, but a decline in consumer sentiment due to rising consumer prices is a concern.」
Continues to recognize the recovery trend in opportunities to go out and foot traffic, while remaining concerned about declining consumer sentiment due to rising consumer prices. - FY2023-Q2RestatedAnnual report
「Although the easing of restrictions on activities and increased opportunities to go out are expected to support a recovery in consumer sentiment, rising consumer prices for food and energy are expected to strengthen consumers’ preference for saving and reduce spending on clothing.」
Continues to recognize expectations for a recovery in opportunities to go out and consumer sentiment, while remaining concerned about a stronger preference for saving due to higher food and energy prices and declining spending on clothing. - FY2023-Q1ReframedAnnual report
「In the casualwear industry to which the Company belongs, a recovery in consumer sentiment is expected as opportunities to go out increase, but rising prices are placing pressure on household finances, continued declines in spending on clothing are a concern, and the industry is required to respond further to changing needs.」
The description has shifted from the previous focus on restrictions on going out and weak consumption to expectations for recovery in opportunities to go out and consumer sentiment, alongside concerns about pressure on household finances from rising prices, declining spending on clothing, and changing needs. - FY2022RestatedAnnual report
「In the casualwear industry to which the Company belongs, foot traffic at commercial facilities and elsewhere is gradually returning as going-out activity and consumer sentiment recover, but spending on clothing is declining, and the industry is required to respond to increasingly diverse lifestyles and changing needs.」
Continues to describe a challenging business environment marked by declining spending on clothing and changing needs, while recognizing the trend toward recovery in foot traffic and consumer sentiment. - FY2022-Q3RestatedAnnual report
「Although a recovery in consumption and going-out activity and an improvement in consumer sentiment are expected following vaccination, spending on clothing is declining, and the business environment remains challenging compared with before the spread of COVID-19.」
Continues to recognize that, despite expectations for a recovery following vaccination, lower spending on clothing and challenging conditions compared with before the spread of COVID-19 persist. - FY2022-Q2RestatedAnnual report
「In the casualwear industry to which the Company belongs, spending priorities for clothing declined due to changes in consumer behavior, including fewer opportunities to go out and more time spent at home, as well as changes in values, and conditions remain more challenging than before the spread of COVID-19.」
Continues to recognize challenging industry conditions against a backdrop of fewer opportunities to go out and lower spending on clothing. - FY2022-Q1RestatedAnnual report
「In the casualwear industry to which the Company belongs, spending priorities for clothing declined due to changes in consumer behavior, including fewer opportunities to go out and more time spent at home, as well as changes in values, and conditions remain more challenging than before the spread of COVID-19.」
Continues to recognize challenging industry conditions against a backdrop of fewer opportunities to go out, more time spent at home, changing values, and lower spending priorities for clothing. - FY2021RestatedAnnual report
「The business environment in the casualwear industry to which the Company belongs also became challenging due to temporary closures and shortened operating hours at commercial facilities and a decline in personal consumption caused by requests to refrain from going out.」
States that challenging industry conditions continue due to commercial facility closures and shortened operating hours and a decline in personal consumption associated with COVID-19. - FY2021-Q3RestatedAnnual report
「The business environment in the casualwear industry to which the Company belongs also became challenging due to temporary closures and shortened operating hours at commercial facilities and a decline in personal consumption caused by requests to refrain from going out.」
Continues to describe challenging industry conditions, including commercial facility closures and shortened operating hours and a decline in personal consumption associated with COVID-19. - FY2021-Q1WorsenedAnnual report
「The business environment in the casualwear industry to which the Company belongs also remains unprecedentedly challenging.」
The wording was strengthened from the previous recognition of challenging market conditions to “unprecedentedly challenging conditions” affected by the COVID-19 pandemic. - FY2020RestatedAnnual report
「Meanwhile, in the mid- to low-priced casualwear market, the business environment remains challenging, as consumers remain highly focused on protecting household finances due in part to the impact of the consumption tax rate increase on consumer sentiment.」
Continues to describe the difficult conditions in the mid- to low-priced market and consumers’ heightened focus on protecting household finances. - FY2020-Q3RestatedAnnual report
「Meanwhile, in the mid- to low-priced casualwear market, the business environment remains challenging, as consumers remain highly focused on protecting household finances due to price increases for food and daily necessities and the impact of the consumption tax rate increase on consumer sentiment.」
Continues to recognize challenging competitive and demand conditions in the mid- to low-priced market, citing the impact of the consumption tax rate increase on consumer sentiment in addition to price increases for food and daily necessities. - FY2020-Q2RestatedAnnual report
「Meanwhile, in the mid- to low-priced casualwear market, the business environment remains challenging, as consumers remain highly focused on protecting household finances amid price increases for food and daily necessities.」
Continues to describe consumers’ heightened focus on protecting household finances against a backdrop of price increases for food and daily necessities, as well as challenging market conditions. - FY2020-Q1RestatedAnnual report
「Meanwhile, in the mid- to low-priced casualwear market, the business environment remains challenging, as consumers remain highly focused on protecting household finances amid price increases for food and daily necessities.」
Continues to describe the difficult conditions in the mid- to low-priced market and consumers’ heightened focus on protecting household finances. - FY2019RestatedAnnual report
「Meanwhile, in the mid- to low-priced casualwear market, the business environment remains challenging due to intensifying competition from lower prices, while consumers remain highly focused on saving on clothing amid price increases for essential goods.」
Continues to describe, for the full fiscal year as well, a challenging market environment amid intensifying competition from lower prices and consumers’ ongoing focus on saving. - FY2019-Q3RestatedAnnual report
「Meanwhile, in the mid- to low-priced casualwear market, the business environment remains challenging due to intensifying competition from lower prices, while consumers remain highly focused on saving on clothing amid price increases for essential goods.」
Continues to describe a challenging market environment amid intensifying competition from lower prices and consumers’ ongoing focus on saving on clothing as prices for essential goods rise. - FY2019-Q2RestatedAnnual report
「Meanwhile, in the mid- to low-priced casualwear market, the business environment remains challenging due to intensifying competition from lower prices, while consumers remain highly focused on saving on clothing amid price increases for essential goods.」
Continues to describe a challenging market environment amid intensifying competition from lower prices and consumers’ ongoing focus on saving on clothing as prices for essential goods rise. - FY2019-Q1RestatedAnnual report
「Meanwhile, in the mid- to low-priced casualwear market, the business environment remains challenging due to intensifying competition from lower prices, while consumers remain highly focused on protecting household finances.」
Continues to recognize a challenging market environment amid intensifying price competition and consumers’ ongoing focus on protecting household finances. - FY2018RestatedAnnual report
「In the mid- to low-priced casualwear market, where competition is intensifying, consumers remain highly focused on protecting household finances, real spending on clothing is declining, and the business environment remains challenging.」
Continues to describe a challenging market environment due to intensifying competition, consumers’ focus on protecting household finances, and declining real spending on clothing. - FY2018-Q3MaterialisedAnnual report
「However, the company was unable to offset the impact of price reductions by major casual apparel companies. For the cumulative third quarter, same-store sales declined 5.4% year on year, average spend per customer declined 0.7%, and customer traffic declined 4.7%.」
States that intensifying competition and major retailers’ price-cutting policies actually led to declines in same-store sales, average transaction value, and customer numbers. - FY2018-Q2RestatedAnnual report
「In the mid- to low-priced casualwear market, where competition is intensifying, consumers remain highly focused on protecting household finances, real spending on clothing is declining, and the business environment remains challenging.」
Continues to describe a challenging market environment due to intensifying competition, consumers’ heightened focus on protecting household finances, and declining real spending on clothing. - FY2018-Q1RestatedAnnual report
「In the mid- to low-priced casualwear market, where competition is intensifying, consumers remain highly focused on protecting household finances, real spending on clothing is declining, and the business environment remains challenging.」
Continues to describe a challenging market environment due to intensifying competition, consumers’ heightened focus on protecting household finances, and declining real spending on clothing. - FY2017RestatedAnnual report
「Amid intensifying market competition, the casualwear industry remains in an extremely challenging business environment as consumers' continued focus on protecting their household budgets drives prices lower.」
Continues to describe an extremely challenging market environment due to intensifying competition, consumers’ heightened focus on protecting household finances, and lower prices. - FY2017-Q3WorsenedAnnual report
「Amid intensifying market competition, the casualwear industry remains in an extremely challenging business environment as consumers' continued focus on protecting their household budgets drives prices lower.」
The description of the environment of intensifying competition and lower prices has been strengthened from “challenging” to “extremely challenging”. - FY2017-Q2RestatedAnnual report
「In the mid- to low-price casualwear industry, where competition is intensifying, consumers' continued focus on protecting their household budgets is driving prices lower, and the business environment remains challenging.」
Continues to describe a challenging environment driven by intensifying competition, consumers' focus on protecting their household budgets, and lower prices. - FY2017-Q1First statedAnnual report
「In the mid- to low-price casualwear market, where competition is intensifying, consumers remain highly focused on protecting their household budgets, and the business environment remains challenging.」
Continues to describe intensifying competition and consumers' sustained focus on protecting their household budgets as a challenging business environment.