Rush Demand Before the Consumption Tax Increase and the Subsequent Decline
First written in FY2020-Q1. 13 of 16 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
32 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by improvements in employment and income conditions and increased inbound demand, among other factors, although」
The operating environment and business risks for the fiscal year contain no specific references to front-loaded demand before the consumption tax rate increase or the subsequent decline after the tax increase. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this semiannual report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company concludes that there have been no significant changes regarding the decline in demand following the consumption tax rate increase or weaker consumer sentiment. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the decline in demand following the consumption tax rate increase or weaker consumer sentiment. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company concludes that there have been no significant changes regarding the decline in demand following the consumption tax rate increase or weaker consumer sentiment. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company concludes that there have been no significant changes regarding the decline in demand following the consumption tax rate increase or weaker consumer sentiment. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company concludes that there have been no significant changes regarding the decline in demand following the consumption tax rate increase or weaker consumer sentiment. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company concludes that there have been no significant changes regarding the decline in demand following the consumption tax rate increase or weaker consumer sentiment. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company concludes that there have been no significant changes regarding the decline in demand following the consumption tax rate increase or weaker consumer sentiment. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company concludes that there have been no significant changes regarding the decline in demand following the consumption tax rate increase or weaker consumer sentiment. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company concludes that there have been no significant changes regarding the decline in demand following the consumption tax rate increase or weaker consumer sentiment. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company concludes that there have been no significant changes regarding the decline in demand following the consumption tax rate increase or weaker consumer sentiment. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The company concludes that there have been no significant changes regarding the decline in demand following the consumption tax rate increase or weaker consumer sentiment. - FY2020RestatedAnnual report
「During the fiscal year, the retail environment became extremely challenging as sales competition across business formats intensified, consumer sentiment weakened following the consumption tax increase, and the impact of the spread of COVID-19 became more severe, increasing uncertainty about the outlook.」
Weaker consumer sentiment following the consumption tax increase continues to be cited as a factor contributing to the challenging operating environment for the full year. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter, the retail environment remained challenging due to intensifying competition across business formats, weaker consumer sentiment following the consumption tax increase, and a chronic labor shortage.」
Weaker consumer sentiment following the consumption tax increase continues to be cited as a business-environment factor. There has been no substantive change from the previous quarter in the recognition of weaker consumer sentiment after the tax increase. - FY2020-Q2MaterialisedAnnual report
「During the cumulative second quarter, the retail environment was challenging. Although there was front-loaded demand, centered on high-priced goods and daily necessities, before the consumption tax rate increase, consumer sentiment also weakened after the tax increase, in addition to the resulting decline in demand,」
The decline in demand following the tax increase, which had been identified as a concern in the previous quarter, actually occurred, and weaker consumer sentiment was also confirmed as a business-environment factor. - FY2020-Q1First statedAnnual report
「During the cumulative first quarter period, some consumer spending, particularly on high-priced goods, increased due to front-loaded demand ahead of the consumption tax rate increase. However, consumers' entrenched cost-consciousness toward daily necessities, including consumables, remained strong, leaving concerns about a subsequent decline following the tax increase.」
Changes in consumer spending driven by front-loaded demand before the consumption tax rate increase, and concerns about the subsequent decline after the tax increase, are described for the first time as tax-related risks separate from the existing risks of stagnant consumption and intensifying competition.