Concerns over a slowdown in domestic consumption due to consumption tax hikes and pension issues
First written in FY2020-Q1. 2 of 5 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2021.
The whole theme swung hardest in 2020: 3 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2021DroppedAnnual reportThe specific reference made in previous filings to a slowdown in domestic consumption due to the consumption tax increase and pension issues could not be confirmed in this annual securities report.
- FY2020MaterialisedAnnual report
「Although corporate performance and capital investment initially remained solid, the economy slowed due to a series of typhoon disasters in the autumn and the consumption tax increase from October. From the beginning of the following year, economic activity also contracted as COVID-19 infections spread.」
The economic slowdown associated with the consumption tax increase was described as an actual economic impact during the fiscal year, rather than a previous concern. - FY2020-Q3MaterialisedAnnual report
「The reversal of front-loaded demand following the consumption tax increase from October in Japan」
The slowdown in consumption caused by the consumption tax increase, previously identified as a concern, was reported to have materialized through a reversal of front-loaded demand. - FY2020-Q2RestatedAnnual report
「Concerns over weaker domestic consumption following the consumption tax increase from October」
The concern that the consumption tax increase from October would weaken domestic consumption continued to be identified as a risk factor for the domestic economy. - FY2020-Q1First statedAnnual report
「In Japan, although there were factors causing concern about the future, including a decline in consumption following the consumption tax increase scheduled for October and pension issues, corporate performance remained solid in the near term.」
The decline in consumption following the consumption tax increase scheduled for October and pension issues were first identified as factors causing concern about the future of the domestic economy.