Sluggish Domestic Economy and Personal Consumption
First written in FY2021. 3 of 6 entries say "Mitigated", first in FY2022. Latest entry: FY2026.
Dreambed moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Our business is susceptible to domestic economic conditions, personal consumption, travel demand and inbound tourism trends. If market demand declines because higher prices dampen consumer sentiment or overseas conditions reduce inbound tourism, this could affect our operating results and financial position.」
In addition to its dependence on domestic economic conditions and personal consumption, it explicitly identified the cooling of consumer sentiment due to higher prices and a decline in inbound tourism due to overseas conditions as risks. - FY2025-H1MitigatedAnnual report
「Customer traffic at furniture retailers is recovering. Sales of Serta's new mattress products, including the Sweet series, Allium and Sirius, increased, and collaborative projects with luxury hotels continued to perform well against plan. Sales of ligne roset products also grew substantially year on year, increasing by ¥477 million to ¥3,934 million from the previous interim accounting period.」
Customer traffic at furniture retailers was said to be recovering, and sales to furniture retailers increased by ¥477 million year on year on higher sales of the new products and ligne roset products. The impact of weak domestic consumption on sales eased during this period. - FY2024Decline in sales to furniture retailers as consumer spending shifts to dining, travel and servicesAnnual report
「Sales to furniture retailers declined by ¥209.187 million from the previous fiscal year. Campaigns for ligne roset products, increased corporate demand for those products, and strong mattress projects for luxury hotels contributed positively, as did orders above the usual level during the peak season in the fourth quarter. However, the impact of sluggish customer traffic at furniture retailers, following a shift in consumer spending toward dining, travel and services from the second quarter onward, was significant.」
As consumer spending shifted toward dining, travel and services, customer traffic at furniture retailers stagnated, resulting in a ¥209.187 million year-on-year decline in sales through that channel. - FY2023MitigatedAnnual report
「We will provide high-value-added products and services that address diverse consumer needs through a multibrand strategy. We will also conduct research aimed at expanding into overseas markets.」
As a response to weak domestic economic conditions and personal consumption, it indicated a policy of diversifying its product lineup and researching overseas markets. - FY2022MitigatedAnnual report
「Accordingly, we are focusing on developing and manufacturing products by leveraging our strengths in research and development and in-house manufacturing, while creating sales opportunities through consultative selling.」
As measures against the risk of weak domestic economic conditions and personal consumption, it explicitly identified research and development, in-house manufacturing and the creation of sales opportunities through consultative selling. - FY2021First statedAnnual report
「If market demand declines due to stagnation in corporate activity, deterioration in employment conditions, weak personal consumption or other factors, sales could decline and profit could decrease as a result of lower selling prices and other factors.」
It identified the risk that demand for furniture and interior products is affected by domestic economic conditions and personal consumption.